Live betting odds for the Festival's oldest and most unique low-weight handicap chase โ 1m 7f 199y ยท Grade 3 ยท Old Course ยท Gold Cup Day
Compare the latest odds for the Grand Annual Chase. One of the Festival's most unique and historic races โ updated regularly as Gold Cup Day on 13 March 2026 approaches.
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The Grand Annual Chase is one of the most distinctive races in the entire Cheltenham Festival โ a two-mile handicap chase with an unusually low weight ceiling that has been a feature of the Festival programme since 1834, making it one of the oldest races in Cheltenham's long history. Its unique characteristics create a race profile unlike any other on the Festival card.
Run over one mile, seven furlongs and 199 yards on the Old Course โ essentially a fast, two-mile circuit incorporating 12 fences โ the Grand Annual is contested by compact, quick, lightly-weighted chasers who race at a pace that often exceeds the more prestigious championship races. The low weight limit means the race attracts horses who are particularly well-handicapped and who have been campaigned with the specific aim of arriving at the Festival with a relatively light burden.
The Grand Annual is one of the Festival's best value betting races precisely because its unique profile creates a situation where horses are less well known to the general betting public than those in the championship races. The combination of lightly-raced horses, a fast pace and a competitive field means that thorough form study can identify real value that the market overlooks in the week's excitement over the bigger championship events.
Two-mile chasing form at the highest handicap level is the key qualifier for the Grand Annual. Horses who have run well in the Grade 3 two-mile handicap chases during the season โ particularly those at Cheltenham, Sandown or Ascot โ bring directly relevant form, and course winners at Cheltenham on the Old Course are always worth special consideration.