Ahead of the Cheltenham Festival starting tomorrow, Paddy Power are predicting that it’ll be the biggest betting week in sporting history – expecting more than £1bn in bets across the bookmaking industry.
That amounts to 300,000 bets AN HOUR this week, with more than 70% of punters betting on Paddy Power ambassador Ruby Walsh – who’s finished as the leading jockey at Cheltenham on 11 occasions.
While the horse the bookies fear most is Footpad, the 5/4 favourite for Tuesday’s Arkle Chase. If the much-fancied horse wins the race, he’ll trigger the biggest pay-out of the week for Paddy Power.
Asked about the week ahead spokesman Paddy Power said: “I didn’t sleep much last night – it was like a grown up’s Christmas Eve.
“This week will be carnage around the Cheltenham Festival, with it proving the biggest betting event of the year. If Footpad wins on Day One, it could turn into a very long – and expensive – week.”
£1billion Expected amount of bets during the Cheltenham Festival
300,00 Expected number of bets per hour during Cheltenham
5/4 Odds on ‘bookie slayer’ Footpad winning Tuesday’s Arkle Chase
70 Percentage of bettors who have backed Ruby Walsh
£12 Average bet during Cheltenham
To see a full list of Paddy Power’s Cheltenham odds, head here.
* All odds correct at time of posting.