February is upon us and, with it, the focus on the Cheltenham Festival becomes more intense. Regardless of the debate about the middle March showpiece overpowering the National Hunt calendar's narrative, there is no denying it offers a rich range of options from an ante post perspective. So, during this short hiatus from decent turf action, I thought it might be worth looking at a couple of the more interesting 'side bets'.

The growth of 'request a bet' type functionality has been a boon for bookmakers, with ambitious punters adding more and more elements which must occur in an event in order to trigger the cumulative payout. These are largely to be avoided though the related contingency (i.e. one element having a direct bearing on another element within the wager) factor can occasionally make such plays of interest. Here are two which might appeal - they did to me!

Arkle Chase - Shishkin to win by six lengths-plus (10/3 Skybet)

On first inspection, I was apprehensive of this. Not because I think the horse in question is poor value: on the contrary, I think he's a very, very likely winner where the biggest dangers are expected to be the form of his stable and the 13 fences between the rising tapes and jam stick.

Of stable form, it can be seen from the right hand part of the chart that the Henderson hordes have not been firing at their highest rate in recent months. Nor, mind you, has the win percentage been anything other than aspirational for most other yards.

Moreover, there is plenty of time for an uptick should such a thing even be necessary: it's not prevented Shishkin from strolling home in his three chase runs this season, most recently by eight widening lengths from a 150-odd-rated animal on Saturday.

And in terms of jumping acuity, he has yet to make a serious mistake in three chases. True, all were small field affairs, but the Arkle, too, will quite likely cut up to a handful of contenders.

The opposition looks a rung below Shishkin, with perhaps Energumene the only credible danger. A fortnight ago, he beat a rival of similar ability by the same margin as Shishkin won on Saturday; if that was a parallel performance, there is little doubt about the 'remaining gears' differential in my view. Moreover, Willie Mullins' charge was a little novice-y in places that day for all that he was entitled to be on just his second fencing start. One further slight question mark is whether Energumene needs to lead in his races: he has led or disputed in all four of his starts over obstacles though whether that was a function of class and staying out of harm's way, or is a tactical prerequisite, is moot. What is clearer is that, if he does go forward, he will very likely face a challenge from Allmankind who appears to have no plan B when it comes to run style.

All of the above verbosity is by way of suggesting that Shishkin will probably win assuming he turns up in one piece (never a given). But a top priced 8/11, whilst still very far from offensive in value terms, is unexciting for those of us with limited elevens to risk in the pursuit of eights. And here is where the winning distance comes in.

Skybet are actually offering prices on winning margins of 2+ lengths (10/11), 4+ lengths (2/1), 6+ lengths (10/3), 8+ lengths (5/1) and 10+ lengths (7/1). I'm interested in 6+ as the optimal value play. And here's why.

Last year, Put The Kettle On was a 16/1 chance when winning by a length and a half. There were 18 lengths back to the third placed horse. In the five previous renewals, the race went more in keeping with the form already in the book as 5/1 Duc Des Genievres was the only one of the quintet of Arkle winners between 2015 and 2019 to score at odds against. His winning margin was 13 lengths. The four odds-on scorers, in reverse chronological order Footpad, Altior, Douvan and Un De Sceaux, scored by, respectively, 14 lengths, six lengths, seven lengths and six lengths.

The tl;dr (bit late now, I realise) is that five of the last six winners - four of them, like Shishkin, odds-on favourites - won by six lengths or more. In that context, Shishkin - who has won all of his completed starts, by 8L, 11L, 11L, a neck, 23L, 13L, and 8.5L - looks very fairly priced at 10/3 to win the Arkle by six lengths or more.

The link to this market is here.

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Queen Mother Champion Chase - Chacun Pour Soi to win by four lengths-plus (4/1 Skybet)

Suggesting an ante post position on a hitherto infamously infrequent racecourse attendee may seem a tad gung-ho, all the more so when said runner was withdrawn on the morning of the race last year. But there is a growing belief, in the heart and mind of this scribbler at least, that the 2020/21 Chacun Pour Soi model is a more robust one.

Exhibit A to that end are the two races - both comfortable victories, in Grade 2 and Grade 1 company - in one month, the final month of last year. If that's the good news, the less good news is that Exhibit B must likely follow this weekend at the (outright excellent) Dublin Racing Festival; and Exhibit C requires him to cross the Irish channel in mid-March sans sicknote.

That's a risk and there are no two ways about it: if you don't like that risk, don't make this bet. Indeed, don't make any bet on CPS without the 'non runner no bet' concession.

But if, like me, you think 4/1 more than accommodates the chance of his non-participation, then let's talk about the opposition and the winning margin, oppo first.

This season, I've been a Put The Kettle On fan and a Politologue fan and a Chacun Pour Soi fan. The first two have bombproof Cheltenham form while the headline act - in the context of this proposed wager - has had a look around Cleeve Hill but not yet galloped there in anger. If anything was to happen to CPS, I'd split my stake between the other two named here, and might chuck in Rouge Vif in the unlikely event we get a six week drought henceforth. I can't have Altior, as much as my heart wrestles my head to consider him: he's just too long in the tooth now, before we even consider the depth of the Kempton form behind Nube Negra (a horse arguably a good bit better suited to Aintree than Cheltenham, though he has run well at the Festival).

Chacun was imperious at Christmas, value for plenty more than the official six and a half lengths. He will again face the second horse from that Grade 1, Notebook, if both stand their ground at the weekend, and the fact that Notebook is circa 5/1 third choice for Dublin's Festival Chase speaks of the paucity of opposition once more. There is the not inconsiderable frame of Min betwixt and between in the weekend market but, in the same ownership as Chacun Pour Soi, it is unclear what might be gained from that pair locking horns. Mind you, they did last season, CPS prevailing by most of four lengths.

Put The Kettle On jumped poorly under Sean Flanagan when slammed by CPS and Notebook last time but can be expected to improve both for a return to Cheltenham and the presumed return of Aidan Coleman to the saddle. In that light, she's of minor interest at 14/1 each way and also worth at least a second glance when the 'without the favourite' market emerges. But it is hard to see her turning tables with her last day vanquisher.

Of the home team, Politologue had been under-rated a touch in my view: his Festival record is excellent and he is the reigning champ. He'd looked good this season before being undone by an absolutely terrific performance from First Flow at Ascot ten days or so ago. Kim Bailey's charge reminded me of something between Denman's belligerence and the young Master Minded's panache: he has some way to go ratings-wise to be within a half furlong of that pair but his Ascot performance was, visually, everything jump racing should be.

In terms of race tactics at Cheltenham, if First Flow and Politologue again have at it a mile and more from home, as they did at Ascot, they'll be spent when CPS presents arms at the turn in, and that one ought to run away from them thereafter, assuming he handles the track.

The margin of victory of Champion Chase-winning favourites in recent years is thus: Altior 2019 (1 3/4 lengths), Altior 2018 (7 lengths), Sire De Grugy 2014 (6 lengths), Sprinter Sacre 2013 (19 lengths), Master Minded 2009 (7 lengths).

If Chacun Pour Soi runs and wins at the Dublin Racing Festival this weekend - he's currently a best priced 4/9 so to do - he'll be shorter for the winning margin bets and odds on for the Champion Chase. If he doesn't run, he'll be circa evens on the day assuming he shows up. If he runs and gets beaten, who knows? But, like I say, I think he's a more robust animal this season, and I'm prepared to back that perception.

So here's the rub: if Chacun Pour Soi wins the Champion Chase, I believe he'll win by a 'fresh air' margin. And if he doesn't... well, you might as well have 4/1 as 6/5 about the same loser.

The  link to this market (at the bottom, in the 'lengthen the odds' section) is here.

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There will be lots of to and fro in the six weeks from now until the Cheltenham Festival gets underway. A few positions on shorties at fancier prices, for all that the spectre of our picks winning but not by far enough looms, may help to wile the worst of these remaining Covid days.

Matt