A guide to the bookmakers offering additional each way places at sport's biggest events.
The Ultima Handicap Chase, historically known at the Festival Trophy Handicap Chase, is always the first large entry Grade 3 Handicap Chase of the Cheltenham Festival. Scheduled as the third race on the opening Festival Tuesday, the Ultima Chase is a 3 mile chase over 19 fences which has a historical link to the Grand National due to its length and the fact that 19 fences are jumped. With fields of up to 23 runners in recent years, online bookmakers are always looking to start the Cheltenham Festival with a bang by giving away opening race offers including 5 places or potentially even 6 places each way on the Ultima Chase. Of course, offering 5 places each way or sometimes even 6 places each way is an excellent way to offer maximum profit opportunity for punters and is a promotion which will drive 2017 Cheltenham Festival new customer registrations for savvy online bookmakers.
The Ultima Handicap Chase has seen some quality winners in recent times. Take 2016 when David Pipe-trained Un Temps Pour Tout won from race specialist Holywell. Un Temps Pour Tout had won the French Champion Hurdle in 2015, beating Hurricane Fly and Zarkandar into the bargain and his win in the Ultima Chase was the second for trainer David Pipe following on from An Accordian in 2008. Jonjo O'Neill-trained Holywell won this race in 2014 and went on to finish 4th in the 2016 Cheltenham Gold Cup, highlighting that this 3 mile handicap can be a stepping stone to bigger championship races. Holywell went on to finish runner-up in last year's race, highlighting that O'Neill runners are very adept at this test. Indeed Jonjo has saddled the winner in both 2012 and 2014.
With anything up to 23 runners across recent renewals, online bookmakers pay out the standard 4 places each way at 1/4 odds for this handicap chase. However with the Ultima Chase being the first handicap of the Cheltenham Festival, a growing number of bookmakers over recent seasons have promoted an additional place or two, with 5 or even 6 places possible for the 2017 running. Remember online bookmakers have a new customer 'war chest' for the Cheltenham Festival, so offering additional each way places attracts new customers who spot the value to be had. Naturally 5 places covers circa 25% of the field - a situation which can only drive the chances of profit.
We track the value dished out by online bookmakers across the major National Hunt races. Extended each way terms gives punters a huge boost in terms of profit potential and is the perfect promotion for those who love to back big priced long shots. With some High Street bookmakers still categorically giving their customers the standard each way terms, savvy online punters have been using online bookmakers who have been offering far better value to their customers now for years. The 2016 renewal of the Ultima Chase saw 23 starters go to post and some extended each way place offers were available.
2017 Each Way Terms Offered:
2016 Each Way Terms Offered:
Here's a breakdown of the horses and their prices that have been paid out on over and above the standard 4 places each way in the Ultima Chase from 2016 onwards:
• 2016: 5th Kruzhlinin 9/1.
Festival Trophy Handicap Chase Recent Results