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My 2024 Cheltenham Festival Betting P&L

As has become somewhat customary, I've taken a few moments to publicly critique the wagering positions from which I stood to gain or lose during that marvellous week of racing action, the 2024 Cheltenham Festival.

It won't be interesting to everyone, perhaps only to very few, and I publish not to boast/wallow (*delete annually as applicable) but to share my own lessons learned from this most immersive of punting processes. As ever, stakes are irrelevant - many bet more than me, many bet less, whatever; the key is how the journey went and, to a much lesser degree, what the destination looked like.

If that makes little sense, now is a good time to plug into the below. [Usual reminder that I speak kinda slowly, so feel free to use the little 'cog' icon bottom right to increase the playback speed to something more acceptable for your lugs].

Below the video are a few screen grabs of various bets just to show when they were placed (many at the time of publication of the posts in which they were nominated as suggestions). And if you want to review the previews, as it were, I've linked to those right here:

Day 1 preview      Day 2 preview      Day 3 preview      Day 4 preview

 

 

Selected bets

For those of you of a notably vicarious disposition, here are some slips...

The Good

A lot of the good stuff for me - in fact, pretty much all of the good stuff - happened in the novice hurdles this year. Slade Steel (Supreme), Ballyburn (Gallagher), Majborough (Triumph) and Stellar Story (Albert Bartlett) basically were the profit side of the ledger.

 

 

 

Stellar Story was, well, just that, especially as Gavin also tipped him on the preview. He returned a Betfair SP of 46, so I didn't get the value here - maybe it should go in the 'bad' section...

 

Plus Captain Guinness, who really only expunged the El Floppiolo entry (see The Ugly below)...

 

A saver on Jade de Grugy to place (see The Bad below)...

 

And Limerick Lace, an alliterative late lump of lustre on the ledger...

 

The Bad

Not bad in value terms, more like bad beats - though of course those wily bookie chaps usually know what they're about. I was lucky that Jade was the final leg (excluding WPM and Prestbury Cup which were nigh on certs) which made it hedgeable. Got a profit overall by laying Jade for a place - see above.

 

Nowhere to go with this, and I didn't even do the smart thing and back Absurde (who finished fourth behind these three last time out, and won the County Hurdle at 12/1, 15.5 BSP) for a couple of quid.

 



The Ugly

And this was an ugly one. Actually, only in terms of its predictable outcome was it disfigured; the double (2/5 and 2/9) paid 8/11 come the hour, and I'd secured 11/10 so it was a value play. As can be seen, I cashed a slice out when I first got a wobble about it; and as referenced in the video I hedged a little back, too, so it probably wasn't as ugly as I was thinking.

 

 

Doing debriefs can be very cathartic! [And absolutely objectifies what can be misguided subjective perspectives on the ledger - definitely worth your time to fill out the spreadie in my view]

 

Summary

Overall, it was a brilliant week from a sporting perspective though I (and I'm sure most readers) really felt for Nicky Henderson. That said, it's a strong case for making hay while the sun shines: the singular focus on the Festival is unhealthy and, when the horses are, erm, unhealthy during that week in March, there's no Plan B. Hoping at least some of those good horses will show up at Aintree and/or Punchestown.

Punting wise, for yours true it was very good - and a rarity to get quids on 'Give Back Friday'. This year, it was the bookies giving back to me. Nice. Normal service is expected to resume on Friday 14th March 2025.

Until then...

Matt

p.s. how was Cheltenham for you? Best sporting moment? Best bet / worst bad beat? Leave a comment and let us know.

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