It's Gold Cup day, or Ladies' Day - or even Thursday, or Day 3. The hump day of Royal Ascot features the showcase event, the Gold Cup, a Group 1 run over two and a half miles. There is, of course, a further trio of top class shermozzles either side of that blockbuster, so let's get to it...
Notes: you can also check out our full Royal Ascot Friday trends page here.
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2.30 THE CHESHAM STAKES (CLASS 1) (Listed)
Presented by Matt Bisogno
In a change to the running order, the Chesham appears as the first race of the Ladies' Day card, a trappy seven-furlong juvenile heat for Listed honours.
The Chesham cheat code appears to be thus: either a once-raced Aidan that got beat, or one of the top three unbeaten-in-one horses in the market. That would have got you nine of the last 11 winners, one of the other pair being the unbackable Holloway Boy on debut and the other the dual winner Pinatubo. Those winners included 12/1 Snellen and 14/1 Suits You.
Taking that approach aligns quite well with the market, the nominated APO'B runner Aix La Chapelle heading the field. He was easy enough to back when sent off 4/1 on his debut (7f, good to yielding) a fortnight ago, and had plenty to do a quarter mile from home. But the further they went the more inevitable was the son of Justify's victory, eventually pulling away by a widening length and a half. He made up a good five lengths in those final two furlongs and looks the obvious one to beat granted normal improvement.
Richard Hannon sends Aperoll with a similar profile to the favourite. She, too, is a once raced winner from about a fortnight ago, though she was more handily placed when taking a Newbury novice over six and a half furlongs. A daughter of Ghaiyyath, she's a January foal and as such is entitled to a precocity edge on most of her rivals. Plenty of fillies have won the Chesham in recent times, including Bedtime Story (2024) and Snellen (2023) as well as September (2017).
Karl Burke won this race in 2022 with the unraced Holloway Boy - some feat - and he's since further advertised himself as one of the top trainers in the country, particularly when it comes to juveniles. He's represented by Revels, easy three length winner of a Redcar maiden a month ago on his sole start. The second has yet to run again but the third won by almost five lengths on his next outing. This son of Lope De Vega is, unsurprisingly perhaps, owned by a member of the Mars family - Ms L Mars, in fact - and she's another that can obviously step forward. [Proud of myself for resisting all kinds of sugar/confectionery puns there].
Time For The Moon shouted his credentials when blitzing a field of Musselburgh novices by 7½ lengths - yikes. However, that was on his second start so he's less scope to improve than the once raced brigade, and - respectfully - it was Musselburgh and the time was good but not great. Moreover, he's gone from the front in his two races so far, with only last year's winner, Humidity, managing to make all in the past decade. It's not easy to do. Still, he has credentials.
Sea Venture has had the sole start, bolting up by three lengths in a Haydock fillies' maiden four weeks, and she is another unexposed runner. The form awaits a boost, though, with none of the five runners since making the frame; that includes the second and fourth, both beaten more than five lengths on their next starts.
Another son of Justify, Nola Soul, travels across for trainer John Stack. He beat a couple of Aidan's as well as a horse called Chesham, presumably fancied at some point to wind up here; closest to him that day, however, was King Of Cloughan which runs in the Windsor Castle on Wednesday: that clearly will be a line of the merit of the form, with the third-placed horse already having won since.
The most expensive horse in the field is an Amo-owned Charlie Johnston-trained Frankel colt called Pikachu. Named after the cute little pokemon, he was second on debut at Thirsk, behind the more experienced Alfred Wallace - another headed for Wednesday's Windsor Castle - and should improve plenty for that. He's a place player at least.
Suggestion: Aidan won this in 2024, 2021, 2020, 2017 and 2016; but he didn't win in three of the past four years. Aix La Chapelle has a very good chance and I think I'll save on him; but I'm going to have a point apiece on a couple at prices, Aperoll and Revels. Not because I'm thirsty and hungry, you understand, but rather because both bring impressive unbeaten-in-one form to the party and look definite value at around 10/1.
Tix Pointers: Keep it Aidan on A, and unbeaten winners of one on B.
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3.05 THE KING GEORGE V STAKES (CLASS 2) (Heritage Handicap) (GBBPLUS RACE)
Presented by Rory Delargy
The most interesting angle into this 1½m handicap is the effect of the draw. Logically, on a round course, the uneducated view (including among jockeys and trainers who should know better) is that being drawn close to the inside is a positive, and being drawn very wide is a negative. The truth is very different, as results of races over course and distance, and particularly the King George V, show. Here are the results since 2021 based on stall number:
2021: 17-11-21-10
2022: 8-3-12-5
2023: 21-8-16-22
2024: 18-19-8-13
2025: 20-21-3-2
As you can see, a very wide draw is no disadvantage (such results are borne out on a wider scale) and while those drawn low can and do get involved, they are the ones who tend to require a bit of luck in the run. When the field fans out in the straight, those who come widest tend to end up on the quicker ground and when races are run at a strong gallop as they usually are, those coming late and wide are at an advantage. 2022 was a year where the pace slackened mid-race, favouring those who were well positioned at that point, but it’s a rarity for pace to drop in that way with plenty usually keen to press on.
The pace map suggests that low-drawn horses should dominate the early stages but because those who want to lead are drawn close together, there must also be a decent chance that they get involved in a battle for primacy that produces some overly strong early fractions. Those on the front end can enhance their chances by dapping on the brakes at that point as a relentless gallop will play to the hold-up horses, but predicting mid-race tactics is almost impossible in advance and I’m relying on the pace map which predicts the gallop will be strong.
A strong pace isn’t just an indicator of where in the field the winner might emerge, but confirms that whatever horse wins will have had to show stamina for the trip; on that basis, I’d be keen to exclude those who appear best at up to 1¼m. A key trial for this is the London Gold Cup at Newbury, which this year saw Lost Boys beat Sahara King and Tierra Del Toro. That was over 1¼m and I thought Tierra Del Toro was the one of the principals who would most benefit from the extra quarter mile here, as he took time to hit top gear before staying on best of all in the closing stages. He was without a prep run for that valuable contest, so I expect him to improve a little more for that first outing of the season, and while I’d prefer him to be drawn wider, stall 10 looks a good spot to stalk the leaders while keeping out of trouble. Ralph Beckett’s Lope de Vega gelding is untried at the trip and his half-brother Alcaraz has won only at 1¼m, but their dam is a full-sister to dual Arc winner Treve, which gives plenty of confidence that he will relish 1½m.
Cannes is one who looks sure to benefit from a test of stamina having landed a decent maiden over the trip at Leopardstown last month. That form looked good at the time and has been franked by wins for the third and fourth placed horses since (second yet to race again), while Cannes is likely to do better still as his stamina is drawn out in a well-run race, his dam being a half-sister to Mojo Star, who was runner-up in the Derby, St Leger and the Gold Cup here. I don’t think the Leopardstown contest got to the bottom of Cannes and he remains completely unexposed. Joseph O’Brien had his handicap record at Royal Ascot questioned at the start of the week, but saddling the 1-2 in the Ascot Stakes answered such criticism in resounding fashion. Stall 21 is a cracking position based on recent results of this race and he should have the race run to suit.
Suggestion: 1pt e/w Tierra del Toro @ 8/1 (Bet365, Hills – 5 places); 1pt e/w Cannes @ 11/1 (general – 5 places)
Tix Pointers: High draws are where it's been at. One day it won't go that way, but usually that's the counter-intuitive route in Royal Ascot handicaps over 1m4f.
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3.40 THE RIBBLESDALE STAKES (CLASS 1) (Group 2)
Presented by David Massey
John & Thady Gosden’s Legacy Link seemingly holds all the aces here. Frankel’s full sister is already building a little legacy (pardon the wordplay) of her own, still looking far from the finished project when winning the Musidora at York, outbattling the smoother-travelling Felicitas; and then her second in the Oaks to Thundering On, where she saw out the mile and a half well enough, another step forward.
She is, on form, the one to beat. But look at the prices of the last five winners; 7-1, 12-1, 13-2, 11-4, 18-1. Not a favourite in sight, and we’ve seen the likes of Kalpana, Al Asifah and Noon Star, good fillies all, turned over after previous good runs in Musidoras, Pretty Pollys and Oaks's. Yes, it’s been a bit of a favourites' graveyard recently, and that gives you hope if you’re taking her on.
Gilded Prize has been made second favourite by the books but it’s hard to see what that's based on. Yes, she was impressive enough when winning a Group 3 at Saint-Cloud back in April; but that form would need improving on, and she looked a bit on the slow side when easily brushed aside at Longchamp last time. This step up in trip might help, but all in all she looks short enough.
Earth Shot is improving for William Haggas and her head second to Inis Mor in the Height Of Fashion at Goodwood looks better after the winner finished third in the Prix de Diane at Chantilly last weekend, a very good run. On the bare form she has a lot to find, but she’s going the right way and her pedigree offers plenty of hope she’ll improve again for moving up in trip, the dam a winner at a mile and three-quarters. I like her profile and she is on my shortlist.
Aidan O’Brien has won this for the last three years with lesser fancied fillies, and Composing fits the bill as far as that profile is concerned. She’s getting a pair of blinkers to try and get her back on track, and that did the trick for Port Fairy a couple of years ago when O’Brien equipped her with a first-time visor. Impressive when rattling off a hat-trick last summer, including in G2 and G3 company, she appears to have lost her way this year; but her last of six at Longchamp last time wasn’t a bad effort strictly on the figures, and given she’s looked a bit short on gears this mile and a half could help. I can’t quite bring myself to put the red pen through her, given her trainer's recent record in the race. I think she might keep drifting and if there’s some 20-1 around on the day, I can see myself having a small win-only bet.
I think, if there’s going to be an upset, then Ralph Beckett’s Lady Roisia might be the one to supply it. If there’s one horse that’s almost cast-iron to be guaranteed to appreciate a step up to twelve furlongs then it’s her: the dam was Oaks winner Talent (also trained by Beckett) and there’s stamina on the sire’s side, too. Badly in need of her first run of the season at Newbury when third to Esna, she’ll strip a lot fitter for that here and I liked her physically when she won at Nottingham at the back end of last year. In a race that keeps throwing up little surprises, let’s hope she’s the latest in that line; at 20-1, I make her the each-way bet here.
Suggestion: Try Lady Roisia each way at 20/1
Tix Pointers: Aidan and Team Gosden have won ten of the last dozen renewals. They were unplaced in the other two though, so maybe leave a trailing leg?
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4.15 THE GOLD CUP (CLASS 1) (Group 1)
Presented by Matt Bisogno
The Gold Cup is historically the centrepiece of the entire Royal Ascot meeting, and chronologically precisely that fulcrum, with 17 races before and the same number after. It might be that races like the St James's Palace Stakes have become a little more fashionable with speed admired over resolve these days, but this is always a compelling watch and frequently the province of the returning champ - who doesn't love that?
This century has given us the brilliant four-time winner Yeats, triple scorer Stradivarius, and dual champs Royal Rebel and Kyprios. Where better to begin, then, than with the defending Gold Cup hero Trawlerman? It's fair to say that I was a little unkind to him in the aftermath of last year's Gold Cup, opining that a seven-year-old couldn't be improving and that he'd been given a very soft time of it on the front end that day.
While there was some truth in my brickbats, Trawlerman went unbeaten in two further races last term, the G2 Lonsdale Cup and the G1 Long Distance Cup on Champions Day. A feature of his wins has been a mid-race injection of pace and then even finishing fractions: in plain English, he gets his rivals out of their comfort zone early and then keeps them uncomfortable.
It's probably fair to say that it was far from a vintage renewal last year, and indeed that the staying crop was below par as a whole. That counts against the dependable but (relatively) limited Sweet William, stablemate of Trawlerman, who possibly doesn't quite stay this far either. He did win the Doncaster Cup over 2m2f and kicked off 2026 with a win in the Sagaro here over two miles. A very likeable chap, he's not on my mind for this.
Of the other golden oldies, Dubai Future stayed on into a never dangerous 3rd a year ago and he's 50/1; he will presumably again be ridden to pick up pieces. And Al Nayyir has been consistent, mainly in defeat and usually at slightly below top class.
Joseph O'Brien showed his talents with stayers on the flat on Tuesday when saddling a 1-2 over the course and distance in the Ascot Stakes, so his Al Riffa is worth a second glance. Now six, he was a Group 1 winner in Germany in 2024, and he doubled his top tier tally when bagging last year's Irish St Leger over 1m6f. Since then, he's been racking up the Avios (and almost £300,000 in prizemoney), with good runs in defeat in Australia, Hong Kong, Dubai and France. This will be a half mile trip increase and he's not certain to stay, but he does bring a level of form few of his rivals can boast.
It's been quite the journey for Caballo De Mar, beaten 15 lengths in a novice stakes this week two years ago - to be fair, the winner was Ombudsman! - and a seven-race maiden before breaking his duck, off 64, in an Ayr handicap in September 2024. What fun connections have had since, as this unfashionably bred and cheaply bought son of Phoenix Of Spain has totted up nine wins via that starter at Ayr, then Southwell four times on the bounce (!), Haydock, Dortmund and Longchamp twice - both Group 1's. Additionally, he ran second in the Chester Cup, the Copper Horse Stakes here last year, the Dubai Gold Cup and in Sweet William's Sagaro. Wow. I do have a niggle that some of those overseas wins were a little below the level needed here, and I suspect Al Riffa will reverse the French form from last time if he sees out the extra yardage.
The other new kids on the block and, aged four with a bit more improvement potentially, are Rahiebb and Scandinavia. Rahiebb is trained by Roger Varian and, after a three-year-old season of knocking on the door - most notably when a neck second to Scandinavia in the St Leger - the more mature four-year-old model was an unequivocal winner of the Group 2 Yorkshire Cup in mid-May. That was 1m6f and he'll go almost a full Wokingham further here, which is the major question mark. His late sectionals certainly lend credence to the idea that he will stay but it's a risk that needs factoring into his price.
Rahiebb's old rival Scandinavia comes here on a five match unbeaten run that started in the G3 Bahrain Trophy last July and has taken in the Goodwood Cup, the St Leger (Doncaster), the Vintage Crop (Navan) and the Saval Beg at Leopardstown. As a result of that nap hand he's a very short price here, but he's not actually stepped forward on his level of form across that quintet of scores. He definitely looks under-priced to me and I'm taking him on, for all that he obviously has a sexy knack of getting the job done.
In the end, it looks a three-horse go between the top trio in the market: Scandinavia, Rahiebb and Trawlerman. Although he still sets the standard, my feeling is that Trawlerman, on seasonal bow and now aged eight, is vulnerable to the more progressive four-year-olds. There was only a neck between Scandinavia and Rahiebb in the St Leger last autumn, the latter finishing well and just failing to get up. With both of them needing to prove they stay this far, the value call is definitely Rahiebb.
I expect that Al Riffa could get into the first four if he stays, and maybe onto the podium. He's clear best of the rest for me.
Suggestion: Back Rahiebb to win at 4/1. Have a look at Al Riffa e/w at 10/1.
Tix Pointers: Another Aidan/Gosden benefit. Probably keeping it simple here as plenty of problems to follow...
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4.50 THE BRITANNIA STAKES (CLASS 2) (Heritage Handicap)
Presented by Sam Darby
I shared the historic draw and pace data in yesterday’s Royal Hunt Cup preview, so if you want to reference that before having a bet, you’ll find it in the Day Two preview article here.
As I am writing this before Wednesday’s racing begins, I have less information than you’ll have by the time you read this. But on Tuesday it definitely looked as though high draws were advantageous on the straight course; it will be interesting to see if that changes on Wednesday.
The spread of the early pace could have an impact on any potential draw bias here, so the pace map should be insightful.
The pace is pretty evenly spread across the course - and there looks to be lots of it! Given the straight course tends to favour patient rides anyway, this really could be a race where you want to be held up out back and played late.
It goes without saying that any amount of these horses could be well ahead of their marks, such is the nature of these big field 3yo handicaps where pretty much every runner is lightly raced. This is more of a race to follow going forward, rather than to bet on, but that doesn’t mean we can’t back the winner as well!
There are two horses that I like in this one.
My more favoured pick would be Outback Heat, who was well backed following the final decs on Tuesday. He won a course and distance handicap on his most recent start, coming from last to first. Winning that race before landing the Britannia Stakes is a path this trainer took with Docklands back in 2023 and Harry Eustace also saddled the runner up in this race last year (La Botte).
After just three starts, Outback Heat is entitled to improve as much as anything in this field and he beat the subsequent Silver Bowl winner (who reopposes here on worse terms) in that race, alongside some other runners who have placed since in good races.
He’s drawn in 18, which might be a bit closer to the middle than ideal, but it does give him the obvious option of switching to the near side. My main question mark is Kaiya Fraser keeping the ride. He’s been on board for all three runs so far, so at least knows the horse well, but I’d have preferred one of the top jockeys.
The other one who catches my eye is Wechaad for Roger Varian. He’s a bit more exposed than some of these, with six runs under his belt, and whilst I’m on the negatives, maybe he wants a bit more cut in the ground.
He caught the eye on seasonal reappearance at Goodwood though, in a race that is often a good guide for this (2021 winner Perotto took the same route), where he not only did best of those held up but he did best of the high draws, too. Any draw/pace students out there will know how detrimental stall 15 is over 7f at Goodwood, so that effort can be massively marked up.
He’s drawn in stall 28, whereas many of the market fancies appear to be low drawn. If the higher drawn horses are at an advantage, like I think they could be, then there should be some really nice value to be had.
Suggestion: Try each way Outback Hero at 11/1, and Wechaad at 9/1.
Tix Pointers: One of the top four in the market has usually won this, but a couple of wacky placepot results involved the joint fifth and joint seventh in the markets being the highest betting rank placed horse. Spread out!
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5.35 THE HAMPTON COURT STAKES (CLASS 1) (Group 3)
Presented by Gavin Priestley
Traditionally this is a race for those who missed the Derby due to stamina doubts or those that did run in the Derby but didn't stay. The trends are pretty strong and leave us looking at easy Listed winner Endorsement or Lingfield Derby Trial flop Maho Bay.
By Dubawi out of a Dandy Man mare, Maho Bay is probably not bred to stay, especially since everything in his pedigree ran (well) at up to a mile. He'd looked good when taking a Newmarket novice over ten furlongs in handsome style but stopped quickly over the Derby trip in the Lingfield trial. This step down will certainly suit but he needs to find more than his demonstrated level of form.
The form of Endorsement is rock solid having run a 1/2 length second to Derby winner Christmas Day and filling the same position by the same margin behind Derby third James J Braddock in two of the top Irish Derby Trials ealier in the Spring. He was last seen trouncing his field in a 12f Listed contest by over 7 lengths and is another favourite who has the level required to win this Group 3 with the only question to answer being whether he can perform just as well back over 10f.
Suggestion: Back Endorsement at 9/4
Tix Pointers: Every one of the last 13 winners started in the first four in the betting. Only one of the last eight winners also won last time out. So a fancied runner that perhaps doesn't look like one?
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6.10 THE BUCKINGHAM PALACE STAKES (CLASS 2) (Handicap)
Presented by Dave Renham
This race was taken off the calendar in 2015 but reinstated in 2020. Hence in terms of trends, I am looking at the last ten renewals, which cover 2011 to 2014 and 2020 to 2025.
Two wins for horses from the top four of the betting, with both being favourite (last two years). Five winners priced between 12/1 and 18/1; the other three were 25/1, 33/1 and 50/1.
4yos have won six of the last ten (60%) from 40% of the total runners. 4yos do have the best placed record (roughly double compared with the other age groups combined).
7yos and older have a poor record win 0 wins and just 5 places from 45 runners.
Seven of the last 10 winners were priced 15/2 or shorter on their most recent start. This equates to 70% of the winners from just 42% of the total runners.
Draw
The number of runners each year has fluctuated between 23 and 29 so for my draw analysis I am using the Nick Mordin technique of ‘reversing’ the draw because the very highest draws are berthed next to the stands’ rail. Hence, I am looking at how far the stall position has been away from the stands’ rail to hopefully give the most accurate draw history.
Looking at the last ten renewals, I have collated Percentage of Rivals Beaten figures (PRBs) for different sections of the draw. I have looked at the PRBs for all runners and then focused on those 33/1 or shorter in price, ignoring the complete rags. For the record, non-runners have been taken into account, so the draw positions have been adjusted to allow for this. My findings are as follows:
As the numbers show horses drawn within ten stalls of the stands’ rail have had a significant edge in this race over the past ten years. Indeed, last year’s race saw a huge draw bias as the race result below shows:
Now, draw bias can come and go at the Royal meeting, but personally a middle to higher draw would be my preference in this race unless the ground came up soft.
Run Style
In terms of run style 29 of the 40 win/placed runners over the last ten renewals were held up or raced mid division. Hold up horses have the best record when we analyse the PRBs hitting 0.58. Generally, a horse coming off the pace would be preferred.
For a field this size there is a surprising lack of genuine front runners. River King looks the most likely from 14, but it will be interesting to see therefore how quickly they go early.
With a maximum field declared here are my thoughts on a few of them.
Defence Minister – has been unlucky with the draw several times in the past with a prime example being his most recent race, over course and distance. There he was drawn on the wrong side, finishing third of his group but 17th overall. The two runners in his group that finished in front of him both ran well next time so his run was far better than the finishing position suggested. However, based on recent renewals of this race, he could have been unlucky with the draw again as he has a low berth in 8.
Hickory – definitely has age against him in terms of past trends for this race, but with two wins and five placed runs at Ascot he clearly loves it here. Having said that he was disappointing over C&D first time up this season. Was not suited by the run of the race at Sandown last time as it was dominated by horses that were up with the pace that day. Will need a career best to win, but may be worth a look in markets offering lots of places. Has the right type of run style and he is drawn in the middle so has options.
Cosi Bello – Lightly raced four-year-old with just five career starts (three wins, one second, one fourth). Up 2lbs for his seasonal debut win at Haydock in May after which trainer Charlie Fellowes said, "the Buckingham Palace Stakes is the obvious target. I think we’ll go straight there and keep him fresh. The stiff seven will suit him perfectly." Tends to race from off the pace which should be a plus, and he is drawn in 26.
Great Acclaim – Has raced over course and distance three times including when second of 28 last time out. He has been raised two pounds for that effort but his mark of 100 looks fair. His other two runs over course and distance also saw good efforts with another big field second and a 4th of 15. He has a very consistent profile and if excluding his 2yo career he has won six and been placed seven times from 24 starts. Could be well drawn in 23.
The Wizard Of Eye – Beat Great Acclaim over course and distance last time which was his second track/trip success. Raised five pounds for that win and would need a career best at the age of seven to win this. Could be ideally drawn though in 29.
Dance In The Storm – Has had seven runs on the turf with two wins and two placed efforts. Won first time up this year at Chepstow before disappointing at Epsom on Oaks day when fifth of 16. Epsom might not have suited her and if we can forgive that run then she should be there or thereabouts. Looks the best of the very low drawn runners.
River King – Not been out of the first three in five turf starts and has a PRB of 0.91. Comfortable winner from the front at Newbury LTO over 1 mile and likely to press on early here dropped a furlong. It’s hard to win from the front at Ascot but has a clear form chance. Drawn 14.
Suggestion: The draw could play a big part here again, but we can never be 100 per cent sure how that will pan out. In such a big field I am happy to try three against the field. I’m taking 20/1 Great Acclaim and 8/1 Cosi Bello from the higher draws and from the lower draws I will take a bit of a flyer on 25/1 Defence Minister as I have always been a fan of negative draw bias.
And that's a wrap for Ladies' Day. It doesn't get any easier, does it? But it should be another cracking day of sport, and one good winner will apologise for many other wagering missteps.
Stay lucky!
Matt
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