Survey: Only 11% plan to bet more on Cheltenham this year

[The Buzz]

Cheltenham Festival begins today and while betting volumes are set to rise, according to a survey conducted by the affiliate Online Betting Guide (OLBG) of 1,007 gamblers in the UK only 11% of punters plan to gamble more on Cheltenham this year than they did last year, compared to 10% who said they were planning to gamble less than they did at Cheltenham 2022.

From the survey:

Overall Gambling 2023 compared to 2022:
7% plan to gamble more this year
69% plan to gamble about the same
10% plan to gamble less this year
14% don’t know

Cheltenham Festival Gambling 2023:
11% plan to gamble more at Cheltenham this year than they did last year
10% plan to gamble less at Cheltenham this year than they did last year
23% plan to gamble about the same this year at Cheltenham as to last year
6% didn’t bet on Cheltenham last year but plan to this year
50% didn’t bet on Cheltenham last year and don’t plan to this year

To see some gamblers preparing to spend more this year, or even betting on Cheltenham when they haven’t before, suggests that the excitement of the Cheltenham Festival is as strong as ever.”

Richard Moffat - CEO - OLBG.com

Read more here: https://www.olbg.com/news/gambling-s...enham-festival

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With the UK inflation rate at ~10% you could argue that the reality is less will be spent in real terms.