Cheltenham Festival – Total Number of Winning SP Favourites

James Dooley avatar

Written By:


Predicting the number of winning SP favourites is a bet type that keeps punters interested in all 28 races of the 4 day Cheltenham Festival.

Are the bankers for Cheltenham 2024 going to help the punters to beat the bookies? Or will the favourites be upset by longer priced runners?

Many horse racing punters are trying to find which favourites to win Cheltenham races over the four days at 2024 Cheltenham Festival.

With 30% success rate at Cheltenham Festival the favourites have a great record so we advise checking out the biggest horse racing trainers chances of a winner:

In this Number of Winning Cheltenham Festival SP Favourites Guide, we will show the latest betting odds, predictions and previous stats on winning faves.

Find out more about winning SP favs at Cheltenham:


Cheltenham Festival – Total Number of Winning SP Favourites

Cheltenham Festival Winning Favourites?

How many winning favourites will there be at this year’s Cheltenham Festival?

  • 9 or more winning SP favourites (includes joint-favourites) – 1/4
  • 10 or more winning SP favourites (includes joint-favourites) – 8/13
  • 11 or more winning SP favourites (includes joint-favourites) – 11/10
  • 12 or more winning SP favourites (includes joint-favourites) – 5/2
  • 13 or more winning SP favourites (includes joint-favourites) – 9/2
  • 14 or more winning SP favourites (includes joint-favourites) – 10/1

How Often do Favourites win at Cheltenham?

Over the past decade at the Cheltenham Festival, there have been 79 favourites winning out of 273 races.

With 79 winning favourites over 10 years, thatr calculates to be a 28.9% average winning return on the favourites

So the favourite horse winning at Cheltenham is usually a one in three chance on average.

Cheltenham Festival Winning Favourites Standings

Here are the previous standings of how many SP Favourites won:

  • 2023 Cheltenham Festival had 9 starting price favourite winners
  • 2022 Cheltenham Festival had 12 starting price favourite winners
  • 2021 Cheltenham Festival had 8 starting price favourite winners
  • 2020 Cheltenham Festival had 8 starting price favourite winners
  • 2019 Cheltenham Festival had 8 starting price favourite winners
  • 2018 Cheltenham Festival had 8 starting price favourite winners
  • 2017 Cheltenham Festival had 7 starting price favourite winners
  • 2016 Cheltenham Festival had 9 starting price favourite winners
  • 2015 Cheltenham Festival had 7 starting price favourite winners

Cheltenham Festival Shortest Priced Favourites

Here are the shortest-priced SP favourites at the March 2024 Cheltenham Festival:

  • Gaelic Warrior at 7/2 to win the Arkle
  • State Man at 4/11 to win the Champion Hurdle
  • Grey Dawning at 5/2 to win the Festival Novices Chase
  • El Fabiolo at 4/9 to win the Champion Chase
  • Tullyhill at 3/1 to win the Sky Bet Supreme Novices’ Hurdle
  • Minella Indo at 15/8 to win the Cross Country Chase
  • El Fabiolo at 3/1 to win the Ryanair Chase
  • Galopin Des Champs at 8/11 to win the Gold Cup

The short odds favourites above are seen by many punters as the bankers of the meeting.

How to Pick the Best Odds for Cheltenham 2024

Backing early in the ante-post betting markets is the smartest way to find the best odds on the Cheltenham Festival.

Now all the major online bookies are offering your stake back for non-runners there is no reason to not punt in the ante-post markets.

Favourites are certainly not guaranteed to win the races at Cheltenham Races.

Many Cheltenham favourites have fallen to the disappointment of many punters.

So if you fancy any horses with large odds you could make the most of the betting brands offering extra places on each-way bets.

Trying to find value in the betting market is important and the biggest online bookmakers are now offering some amazing bonuses like:

Cheltenham Betting Sites Offering Cheltenham Specials

Many of the best Cheltenham betting sites offer Cheltenham Festival Specials like:

Check out our guides on them to find out more.

Cheltenham Ante-Post Favourite Bankers to Follow 2024

Here are the best ante-post Cheltenham 2024 favourites to follow:

Popular Questions

How relevant is the SP of previous Cheltenham Festival race winners?

The SP is of significant relevance at the Cheltenham Festival with 1 in 3 favourites winning.

The starting price highlights the odds of the horses at the start of the race and determines the returns for punters who back their tips.

The Historical Starting Price of the races at the Cheltenham Festival show it is a track where favourites perform well.

Is It Profitable Just Backing the 2024 Cheltenham Favourites?

Punters should make sure to do extensive research on all the horses before making a wager.

Favourites aren’t always the answer and looking at the odds you need to try and find value.

Some faves with the best form in the bag could be good value and therefore worth punting on.

The Cheltenham Gold Cup, Stayers Hurdle and Queen Mother Champion Chase were all won by outsiders last year.

The best advice for punters is to study the form and choose your preferred racehorse on form, times, value in the odds and whether the selection enjoys the going conditions.

How do you know the SP Favourite in horse racing?

Each horse race has an SP favourite.

The SP fave could be joint favourites or even co-favourites but the horse with the lowest odds is classed as the starting price favourite.

The SP favourite is the horse most likely to win according to the betting market, which is reflected in having the shortest price displayed with betting operators.

You will see an F alongside the horse’s odds when they are the favourite, JF is they are joint-favourites or CF if they are co favourites.

Summary of Cheltenham SP Favourites

The Cheltenham 2024 favourites are going to be heavily punted, but just how many of these starting price faves are going to win?

Over the years many of the favourites have run with credit at the Cheltenham Racecourse with a strike rate of around 30%.

If you are wanting to jump between all the races during the 4 Day Cheltenham Festival Event here are the fours days of racing covered in more detail.

Is the Cheltenham Racing Festival going to be won by the bankers or is it going to be the meeting for the outsiders? Are the total number of SP Favourites going to make it a meeting for the short-priced bankers or are there going to be some shocks with outsiders improving to win?

The horse racing fans and pundits have voiced their opinions, tips and predictions with their bankers for the 4-day meeting and now it is down to the jockeys, trainers and racehorses to take centre stage.

Good luck with your predictions, we hope you have a great Cheltenham!

If you have enjoyed our SP Guide to Cheltenham Festival Winning Favourites page, here are some other articles related to Cheltenham you may also like:

Subjects covered included: Queen Mother Champion Chase, Cheltenham Gold Cup, Champion Hurdle and Cheltenham Festival races with a look at winning favourites in all the horses races.