Cheltenham Festival Cheltenham Festival The Cheltenham Festival is a meeting in the National Hunt racing calendar in the United Kingdom, with race prize money second only to the Grand National. It is an event where many of the best British- and Irish-trained horses race to an extent which is relatively rare during the rest of the season. The festival takes place annually in March at Cheltenham Racecourse in Cheltenham, Gloucestershire. The meeting usually coincides with Saint Patrick's Day, and is particularly popular with Irish visitors. It features several Grade I races including the Cheltenham Gold Cup, Champion Hurdle, Queen Mother Champion Chase
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