During the Cheltenham Festival 2023, OpenBet, a prominent provider of platforms, content, and services to the worldwide sports betting industry, experienced a surge in activity on its top-rated sportsbook platform. The platform processed over 500 million transactions during the prestigious four-day national hunt racing meeting, marking a tremendous increase in performance.
The event was filled with many memorable moments, including Galopin Des Champs, ridden by Paul Townend, winning the Gold Cup, which garnered considerable interest among bettors. OpenBet recorded a 22% surge in activity compared to the previous year’s event. Additionally, Rachael Blackmore’s Honeysuckle was triumphant in the Close Brothers Mares’ Hurdle, a fairytale ending ahead of the horse’s retirement.
Some key highlights across OpenBet’s customers during the festival include processing well over 65 million bets and an average stake of £7.84 for singles in all Win & Each Way markets. Furthermore, a few lucky punters won six-figure payouts by backing Galopin Des Champs in the Gold Cup race on Day 4.
OpenBet’s customers, including major brands such as Flutter Entertainment and Entain, were able to cater to the increased demand for seamless betting experiences for their racing fans. With OpenBet’s robust platform technology, customers enjoyed exceptional performance and 100% uptime across all events.
Jordan Levin, CEO at OpenBet, said: “I am thrilled with the success that our OpenBet teams and customers achieved during the iconic Cheltenham Festival. The world’s leading sports betting brands rely on our people and technology for exceptional entertainment experiences at the biggest events in the sporting calendar. The 2023 meeting demonstrated the tremendous partnership between our valued customers and OpenBet’s tech and operations, supporting the highest peak bets levels across most of our operator base, which is why so many of our customer relationships span decades.
“We’re deep into the final stages of testing and preparation for the Grand National on April 15th and look forward to delivering another seamless experience for our customers and their racing fans.”
The Cheltenham Festival is an annual horse racing event held in Cheltenham, England, usually in March. It is a four-day event that features several championship races, including the Cheltenham Gold Cup, the Champion Hurdle, and the Queen Mother Champion Chase. The festival is widely regarded as one of the most prestigious events in the horse racing calendar and attracts thousands of spectators and punters from around the world.
OpenBet is a global leader in the world of sports betting entertainment, boasting over 25 years of experience and an unwavering commitment to innovation. The company’s modular range of technology, content, and services has earned the trust of the world’s largest sports betting brands, lotteries, casinos, and tribal operators. OpenBet has established itself as a leading business-to-business sports betting partner in the United States, United Kingdom, Australia, and Canada, with a strong presence in Europe and the Asia-Pacific region. With over 75 global customers, OpenBet has maintained a 100% uptime record during major sporting events, reflecting its reliability and efficiency.
OpenBet operates as a subsidiary of Endeavor, a global sports and entertainment company. To find out more about OpenBet, please visit www.openbet.com