Paddy Power have come with a very enticing opening offer for the 2012 Cheltenham Festival and it couldn’t be more straight forward. If Sprinter Sacre wins the 2012 Arkle Chase then Paddy POwer will refund all losing bets – it’s pretty much a win-win.

If you back Sprinter Sacre and he wins – you win. If you don’t back him and instead opt for say, the second favourite and Sprinter Sacre wins you get your money back! Basically we now all want Sprinter Sacre to romp home then Paddy Power punters will be really happy!

The maximum refund is £100 or 100 Euro and your selected horse must run for the refund to apply. The offer only applies to win (and win part of each way) single bets bets placed on the Arkle Chase before the race and not in-running betting, the extra or tote markets.