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Guides6 min readOctober 13, 2025

Cheltenham Tips 2026: How to Read the Form Guide and Trade the Festival Markets

The Racing Post form guide, trainer statistics, going information, and prediction market probabilities. This is the practical guide to approaching Cheltenham like a professional.

Every year, millions of pounds are staked on Cheltenham Festival by people who picked their selection because it had a nice name or they overheard someone at work. This guide is for the other kind of punter — the one who buys the Racing Post the week before, studies the trainer statistics, and wants to make decisions based on actual probability rather than gut feeling and the Racing TV presenter's enthusiasm.

How to Read a Cheltenham Form Guide Entry

  • Course form: has the horse run at Cheltenham before? Course winners are significantly more likely to win again
  • Going preference: check the horse's Topspeed or RPR performance split by going type
  • Trainer festival record: Mullins, Henderson, Nicholls have specific strong races
  • Jockey bookings: who the top jockeys chose to ride tells you everything about confidence levels
  • Weight carried: compare to previous wins to understand if the horse is weighted favourably

Real-Time Probability vs Static Bookmaker Prices

Bookmaker prices for Cheltenham are published at 10am the day before each race. They don't materially update until the morning market opens on race day. Prediction markets, by contrast, update continuously as news emerges — overnight declarations, going changes, trainer interviews. That 14-hour window between bookmaker price publication and race time is where sharp traders find value on Boromarket.

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The Racing Post's premium content includes trainer interviews on the Monday and Tuesday of Cheltenham week. These interviews often contain coded information about confidence levels that moves prediction markets faster than bookmaker prices.

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