Cheltenham Festival 2025 anticipates €500 million in wagers

The Cheltenham Festival 2025 is expected to see up to €500 million wagered over four days, with bookmakers concerned about significant losses on the opening day. Willie Mullins has three strong favorites, including Kopek Des Bordes and Majborough. Lossiemouth, now favored in the Mares' Hurdle, has drawn criticism for not competing in the Champion Hurdle. If all favorites win, bookmakers could face substantial financial losses, with estimates reaching into eight figures. The festival will also honor jockey Michael O'Sullivan, who passed away last month. His family will attend, and the day will feature emotional tributes as the races unfold.