National Hunt Novices’ Handicap Chase Betting Trends: Mullins gelding could be way to go

The final race of Day One at the 2026 Cheltenham Festival is the National Hunt Challenge Cup Novices' Handicap Chase, a steeplechase which is open to horses aged five or older.
What can we learn from the most recent winners of this race? Here at Betfred Insights, we're taking a look at some National Hunt Challenge Cup Novices' Handicap Chase trends ahead of the race.
National Hunt Novices' Handicap Chase Details
- Race: National Hunt Novices' Handicap Chase (17:20)
- Date: March 10
- Distance: 3m 5f 201y
- Race Type: Novice Chase
- Class/Grade: Handicap
Our in-house Horse Racing tipster Owen McMahon has gone through the card for Tuesday's Races and made a selection for every race. Read who he's backing and why with our Cheltenham Day 1 Tips. Add to that former Jockey Katie Walsh has passed on her Cheltenham Tuesday Tips to us here at Betfred.
National Hunt Novices' Handicap Chase Odds
It's worth noting that a series of significant changes were made to this race in 2024, which had previously been exclusively for amateur riders but is now open to professionals, as well as becoming a novice handicap chase for horses rated 0-145.
National Hunt Novices' Handicap Chase Key Historical Trends
Age
- Only two winners have been younger than seven years old
- Only four winners this century have been older than eight
Runners who match this trend: Walking On Air, Kurasso Blue, Pic Roc, Holloway Queen, Will Do
Official Rating (OR)
- 11 of the past 12 winners had a rating of 139 or higher
Runners who match this trend: Wade Out, One Big Bang, King Of Answers, Kurasso Blue, Pic Roc
Cheltenham Experience
- 10 of the past 12 winners had at least one previous run at Cheltenham
Runners who match this trend: Backmersackme, Newton Tornado, Wade Out, One Big Bang, Walking On Air, Holloway Queen, Pic Roc, Guard The Moon, First Confession, Holokea
Career Runs
- Six of the last 27 winners had yet to win over fences
Runners who match this trend: Backmersackme, Grand Geste, Union Station
Trainer Trends
- Eight of the last 12 winners were trained in Ireland
- Gordon Elliott has had four winners in this race since 2011
Runners that match this trend: Backmersackme, Wade Out, Iceberg Theory, Union Station, Kurasso Blue, Will Do
Market Trends
- The favourite has won just twice since 2016 (2023, 2025)
- Just two winners in the last 17 returned a bigger price than 12/1
Runners who match this trend: Backmersackme, Newton Tornado, Wade Out, Iceberg Theory, One Big Bang, Walking On Air, King Of Answers, Kurasso Blue, Grand Geste, Pic Roc
Final Shortlist
- Backmersackme
- Wade Out
- One Big Bang
Odds correct at time of publishing.
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