Bookies ride to victory with bumper Cheltenham festival

THIS year’s Cheltenham was the best one on record for bookmakers with just four favourites obliging at the 26-race festival.

According to stockbroking firm Davy, the Cheltenham festival is the most important racing event of the year for Ladbrokes, Paddy Power and William Hill.

Just four (15%) of the 26 races were won by favourites, well below the 27% average of the last eight years.