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The Cheltenham Betting System That Won Every Single Race

0h 11m video Published Mar 9, 2026 Transcribed Jul 27, 2026 Bet Angel Bet Angel
Intermediate 4 min read For: Individuals interested in betting strategies, gambling, or financial trading concepts applied to sports markets.
AI Trust Score 45/100
🚫 Clickbait / Waste of Time

"Title implies a surefire betting system to pick winners, but it's actually about hedging trades—misleading but not entirely false."

AI Summary

This video explains a betting system that claims to have won on every single race at the Cheltenham Festival. The key is using a betting exchange to trade odds like stocks, backing and laying the same horse to create free bets and hedge positions for guaranteed profit regardless of the race outcome.

[00:03]
Challenge Overview

The presenter aims to win on every single race at Cheltenham, a feat he claims to have achieved two years in a row.

[01:38]
Improbability of All Favorites Winning

The chance of all favorites winning 28 races is (1/3)^28, effectively impossible.

[02:17]
Betting Exchange vs Traditional Bookmaker

Instead of traditional betting, the system uses a betting exchange where you can trade odds like stocks.

[03:31]
Back and Lay Bets Explained

A back bet is betting on something to win; a lay bet is betting on something to lose. Both available on exchanges.

[04:00]
Back Bet Example

A £100 back bet at odds 6.6 returns £560 if the horse wins (stake included).

[04:46]
Lay Bet Example

Laying at 6.8: if horse loses, win £100; if horse wins, lose £580.

[05:26]
Creating a Free Bet

Back and lay the same horse at different prices to create a free bet, profiting if the horse wins.

[06:52]
Hedging Across the Market

By trading across the entire market, you can guarantee profit regardless of the outcome.

[07:35]
Large Market Liquidity

Cheltenham sees ~£100 million bet on exchanges, providing favorable conditions for this strategy.

[09:00]
Criticism of Randomness

Odds direction isn't 50/50; it's about reading market patterns and timing.

[10:14]
Practice Mode

Use BET Angel's practice mode to test strategies without risking money.

Winning on every race at Cheltenham is possible not by picking winners but by trading odds on a betting exchange to lock in profits through hedging and free bets.

Mentioned in this Video

Tutorial Checklist

1 02:17 Open a betting exchange account (e.g., Betfair).
2 03:31 Understand back (bet to win) and lay (bet to lose) options.
3 05:26 Back a horse at a higher price and lay it at a lower price to create a free bet.
4 06:52 Repeat across multiple horses in the same race to hedge and guarantee profit.
5 10:14 Practice using software like BET Angel in practice mode.

Study Flashcards (5)

What is a lay bet on a betting exchange?

medium Click to reveal answer

A bet that a horse will lose; you win the backer's stake if it loses, but pay out if it wins.

04:46

How do you create a free bet using a betting exchange?

hard Click to reveal answer

Back a horse at a higher price and lay it at a lower price on the same horse to net profit if it wins.

05:26

What is the approximate chance of all favorites winning 28 races at Cheltenham?

easy Click to reveal answer

Effectively zero: (1/3)^28, incredibly tiny.

01:38

Why is Cheltenham favorable for this betting strategy?

medium Click to reveal answer

About £100 million is bet on exchanges during the festival, providing high liquidity.

07:35

What is the key difference between a betting exchange and a traditional bookmaker?

medium Click to reveal answer

On an exchange you can back or lay bets (bet on outcomes to lose), and trade odds like stocks.

02:17

💡 Key Takeaways

🔧

Guaranteed Profit Regardless of Outcome

Explains the core technique: hedging across the market to lock in profit before the race starts.

06:52
📊

Improbability of Picking All Winners

Highlights why traditional betting on all favorites is impossible.

01:38
🔧

Free Bet Creation

Illustrates an advanced exchange trick to create risk-free bets.

05:26

[00:03] The festival springs into action. biggest race meetings of the year. by enormous amounts of people.

[00:17] Much fun will be had, but not many people will be able to find a winner. every single race at Cheltenham. done it two years in a row.

[00:31] been 20 years since I first did it. Well, it all depends how you're doing it. on every single race at Charna, just watch the rest of this video.

[00:56] single horse race at Chatham? We know the chance of a favorite winning, um, and in a Taking that into account, what would be the chance of every

[01:11] favorite winning the Charm festival and there were 28 races and. 'cause those would be, you know, the best chance of being

[01:23] What is the chance of achieving that? that probability for all 28 races. So one third race to the power of 28 is incredibly tiny

[01:38] In other words, it's basically impossible, but fun to imagine. Done it, which sounds incredible, but it's more about the way that I do things.

[01:52] Because when you fully understand exactly how I've been able to win on every single race at Chapman, um, then it all begins to sort of fall into place.

[02:04] And as with a lot of things in life that, you know, always use the word impossible with the greatest of caution because if you understand, uh, or you look at Uh, you'll be amazed at what you can achieve.

[02:17] So what is it that I'm actually doing? Well, the key thing here to understand is that I'm using a betting exchange, not a traditional bookmaker, and.

[02:30] way that you would buy and sell something on the stock market. You are trading the sports market the way that you would trade the stock market. within the market, and we think the odds are gonna drift, then we'd lay

[02:47] it two and we'd back it at three and net the profit between the two. But let's say that Willie Mullins has a few runners that come in, then people start backing the next runner in the race that is trained.

[02:59] So what we would do is we'd back the, at the odds that we could possibly into the market, uh, and we'd again, we'd net the profit between the two.

[03:12] getting shorter and shorter, and. We're benefiting not from the fact that it's gonna win the race, but And if we can buy and sell those odds, we can net a profit between the two.

[03:31] So when you look at a market on a betting exchange, uh, you have two options. On one side, you have the ability to place a back bet. A back bet is very similar to what you'd expect to do with a traditional bet.

[03:43] You'll get a return based upon mistake. But on a betting exchange, you also have the ability to place a lay bet. So actually, rather than a traditional bet, you can actually back something to

[04:00] Let's have a closer look at these two options. And if we place a hundred pound bag bet in this market at odds of 6.6,

[04:15] what that 6.6 means is that we will win 5.6 times whatever our stake is. So that 6.6, one of that is the stake, and 5.6 is the return that we get. So by placing a bet for 100 pound, we will return a total of 560

[04:30] pound if this horse goes on to win. we are going to place a lay bed. and a lay bet you would place if you think something is going to lose.

[04:46] So if we go into this market and place a lay be at 6.8, basically we're If this horse loses, we will win our stake. However, in order to get the bet accepted on the other side of

[05:01] the market, we have to offer up a liability, a multiple of that stake. And in this occasion, because we've laid at 6.8, this means that. If the horse loses, we win the backer stake of 100 pound.

[05:13] However, if that horse wins, we have to stump up that cash for the backer. In this case, we would lose 580 pound. So yeah, uh, that is backing and laying on an exchange.

[05:26] because we can actually back and lay on the same horse and you're sort of Why would you back and lay, you know, you're, you're betting on something to Surely the two cancel each other out, which they do if

[05:42] But if you put a little gap between that back and lay price, then you can actually create a free bet if you can lay at a lower price than your back app or your Then you actually create a free bet, which means that you can't

[05:57] And if this horse goes on to win, then you will actually win that free bet. It's a really neat little trick that you can do on betting exchanges, but it gets even better now.

[06:11] Then we're off to w Hampton again, and we've got quite a market mover here. Intensify 25, 16, 14, 12, now 10 to one. In this, the win, whatever the result with BET Angel handicap.

[06:26] That's fantastic. So this is where things get really clever because when we back and lay at different

[06:38] prices, we create a free bet on one of those horses within the particular race. bet across the entire market. And the net effect of this is that we will win whatever the result.

[06:52] So we back and lay at different prices. of the outcome of the race, we can just sit back, enjoy the racing,

[07:06] knowing that we have won already. every single race at Cheltham, this is essentially what I'm doing. in odds between the two so that I net a profit, whoever goes on to win.

[07:23] I'm hedging that position so that I know that I've won, regardless of who The race has started and one of the reasons that I'm able to do

[07:35] There's gonna be about a hundred million pound bet on betting exchanges during Charna, and that makes for quite favorable conditions to do this particular type of betting strategy.

[07:50] the examples that I've given you in this video, I'm using quite small results that I get, you know, these are fully hedged results before the

[08:02] But there's a couple of reasons for that. place at China, but also there's a thing on betting exchanges that people don't really talk about too much, and that's called instant settlement.

[08:17] Uh, bet in the market, and then I put another a hundred pound in on the other side, I can actually use that stake again. Is the profit or loss that you have made.

[08:29] So that's what I do. And I try and trade for as long as possible. And at markets like Chatham, you can trade these markets for a good 30

[08:41] So I'll be in and outta the market consistently trying to get And then when that is completed, um, I will hedge that position But by then, I've made my money, I can sit back and enjoy the action.

[09:00] Okay, so one criticism of trading on a betting exchange is people direction the odds are gonna go in. It's a 50 50 chance, and therefore trying to win an all 28 races is

[09:14] What would that number be, and do you think that that is really the case? So if you treat each race's odds direction as a coin, toss 50 50, then winning all 28 is like flipping a coin and getting heads 28 times in a row.

[09:30] That's one in two to the power of 28, which is about one in 268 million. It's astronomically unlikely of, its purely random, but in reality, It's based on interpreting market information patterns and timing.

[09:44] those odds significantly. I've been doing this for a number of years, which is why Um, they all have their different sort of angles and strategies

[10:00] But if you look at my channel, I've got loads of videos that talk about the tactics and strategies around how to do this. If you just rock up and start doing it without any care or thought or attention,

[10:14] And if you use software like BET Engine, it's got a practice mode. So even if you're not sure what you're doing or how to do it, you can play around to your heart's content without any risk to your betting bank.

[10:29] that you can do these things. If a horse doesn't look like it's behaving itself, then So you can lay it and back it at a higher price.

[10:43] But if a jockey or a trainer is in form and gets a few winners, then the price will start to get smaller, uh, because people will start backing it There are so many ways of doing it.

[10:55] I recommend that you watch some of the videos that are done specifically on this tactic in order to get a better grip on exactly what you should be doing. But if you wanna know how to win on every single race at Charna,

[11:07] that's the way that it's done.

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