Betting and business at the Cheltenham Festival

Mar 13, 2015, 04:45 PM

A quarter of a million racegoers have descended on Cheltenham for the Gold Cup festival - arguably the biggest date in the UK's horse racing calender. It's an event that sees Europe's best horses, jockeys, owners and trainers battle it out for more than 5 million dollars of prize money. More bets are placed with bookmakers this week than any other week of the year - as a fair portion of the city of London decamp to do deals in the corporate boxes and champagne tents. The BBC's Susannah Streeter went to explore.