Cheltenham Festival 2025 odds: New favourite for Ultima Handicap Chase

Coral now has The Changing Man as the favourite for this year's Ultima Handicap Chase at Cheltenham Festival.

At February 25th's weights reveal, The Changing Man was allocated 140 and has seen his odds slashed from 8/1 to 6/1.

For context, Johnnywho races off 140 and is at 8/1, as is Masaccio, who races off 144.

None of the three were the biggest movers though, with Katate Dori's odds slashed from 25/1 to 10/1 having been given a rating of 137.

Below are the odds for the 21 favourites heading into the Ultima Handicap Chase at this year's Cheltenham Festival, with odds ranging from 8/1 to 16/1, showing just how close things are right now.

Coral has a comprehensive guide looking at the odds of all of the major races at this year's Cheltenham Festival, including the Gold Cup main event.

View the latest horse racing odds

All odds and markets are correct as of the date of publication.