The festival is four days and features many horse that will run in the 2010 Grand National. The festival is too big to cover here in detail, so I will point you in the direction of our sister website Cheltenham Race Festival, give it a visit for all the latest odds, runners and tips.

Betfair is giving new customers a free £25 bet, to claim the free cash just follow these steps: Click here to open your account using the promotion code BET234. Once you’ve made a deposit to your account, place a bet up to £25. If your first bet loses, you’ll get your cash back (up to £25) within 24 hours. It’s a great deal for you as you can’t really lose, and if you do lose you get your money back! a ‘Win Win’ situation or rather ‘Lose Win’ situation.

BetFair also offers some of the best odds available online, usually they are 20% better than other bookmakers. BetFair also allows you to bet on losers! The idea is that you don’t just back winners but you also ‘Lay’ losers. For example, if you decide to lay a horse in a race you are, in theory, backing the horse to lose the race. Statistically this makes far more sense, in a six horse race there can only be one winner so the chances of picking a loser are far great than your chances of backing a winner.

The video above will guide you through making a bet with a bookmaker, the example is a ‘Win Only’ bet. The ‘Win Only’ bet is the most common type of bet in horse racing. This is when you back a horse to come first (win) in a race. Lets say you bet £10 that the horse ‘Mon Mome’ will win the 2010 Grand National at odds of 100/1. Should ‘Mon Mome’ come first you will get back £1000 from the bookmakers plus your original £10 stake.

Should ‘Mon Mome’ fall, finish second, third or anywhere else but first place then you will lose your £10 stake. Remember you can also bet online with the likes of William Hill and Ladbrokes ~ it’s far less intimating than betting in the high street and you also get free bet deals exclusive to new online customers. Click here for the latest online bookmaker deals.

The Bet Calculator is set up by default to work out winnings for standard single UK bets. For example: if you’ve placed a £5 bet on a horse to win the Grand National at odds of 16/1, just enter 5 into the “Your Stake” box then enter 16 in the “Bet 1″ box and 1 in the next box along, after the / symbol. Then just click the green “Calculate” button to work out the winnings you should get back from the bookies. Our calculator only accepts whole numbers and will round up or down to the nearest £1.

If you’ve bet you horse each way then make sure you click the small “Each Way” square button next the stake box.

The calculator can also work out multiple selection bets such as “Doubles” and “Triples”. To do this just enter the odds of the other horses and remember to click the small “Double” or “Triple” round buttons. You can also enter odds in the European/American style (11.00) by clicking on the “decimal” button.