Cheltenham Racecourse Cheltenham Racecourse Cheltenham Racecourse is a racecourse for horse racing events, located at Prestbury Park, near Cheltenham in Gloucestershire. Its most prestigious meeting is the Cheltenham Festival, held in March, which features several Grade I races including the Cheltenham Gold Cup, Champion Hurdle, Queen Mother Champion Chase and the Stayers' Hurdle. The racecourse has a scenic location in a natural amphitheatre just below the escarpment of the Cotswold Hills, at Cleeve Hill, with a capacity of 67,500 spectators. The racecourse also has its own steam railway station (of the same name), although this no longer connects to the national rail
Horse racing namely location and the type of wager that is placed. One form of parimutuel gaming is Instant Racing, in which players bet on video replays of races. Advanced Deposit Wagering is a form of gambling on the outcome of horse races in which the bettor must fund his or her account before being allowed to place bets. ADW is often conducted online or by phone. In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end. Racetrack owners, horse trainers and state governments sometimes receive a cut of ADW revenues. The most famous horse from