It features several Grade I races including the Cheltenham Gold Cup, Champion Hurdle, Queen Mother Champion Chase and the World Hurdle as well as some absolute Cheltenham belters, including the Supreme Novices Hurdle, Mares Hurdle and more
Cheltenham is often noted for its great atmosphere, most notably the "Cheltenham roar" heard as the starter raises the tape for the first race of the festival.
The Champion Hurdle is the feature race of the day on day one of the festival, and its one which has been dominated by the Irish trainer Willie Mullins.
Don't forget to visit our Champion Hurdle Tips page here
This steeplechase is run over 2 miles and it has been won by some really great horses over the years such as One Man, Moscow Flyer, Master Minded and Sprinter Sacre.
Sprinter Sacre's won this race in 2013 and won it again last season after coming back from several injury issues including a heart problem.
We have a dedicated page for our Champion Chase tips for you to read.
He brought the house down when winning and it was one of a number of great moments from last season's festival.
The World Hurdle or formerly known as the stayers hurdle is run over 3 miles. Big Bucks won this race 4 years in row from 2009 to 2012.
It was won in great style by Thistlecrack last season. He was one of the easiest winners of this race ever seen. He will be a horse to follow this season over fences.
The main aim for him is the Cheltenham Gold Cup.
The Cheltenham Gold Cup itself is a race which is steeped in history. It’s the biggest race of the festival if not the year. The race was first run in 1924 and it sees the best steeplechasers in Europe run over a distance of 3 miles 2 and a half furlongs.
The race has been won in the past by greats such as Arkle, Golden Miller, Best Mate and Kauto Star.
2015 winner Coneygree became the first novice to win the race for 40 years.
He missed the race last season due to injury.
That race was won by the Gordon Elliott trained Don Cossack. Both horses should be back for a crack at this seasons renewal come March.
The Arkle is another race on Day One of the Festival. The Arkle was won by Willie Mullins and Ruby Walsh on board flyer Douvan, who put a definite smile on punters facers.
Ruby Walsh is the most successful jockey at the Cheltenham Festival with 52 winners.
In 2009, Ruby Walsh broke the record for the most wins by a jockey at a single Cheltenham Festival, with seven winners.
He tied that record again last season. He has been the leading jockey at the Festival 10 times since 2004.
He is likely to add to his impressive record this season.
Barry Geraghty is the 2nd most active winning jockey at the Cheltenham festival with 34 winners.
His most successful Cheltenham Festival campaign came when he rode five winners in 2012.
The Irishman, like Walsh is another jockey to follow at the festival. He will have plenty of good rides for his boss Jonjo O'Neill and J.P McManus.
Sam Twiston Davies has proven a liking to the course too and should be followed come March.
He is of course the stable jockey for Paul Nicholls and rides an awful lot for his father Nigel. He rode 3 winners last season at the festival and came 2nd to only Ruby Walsh for the jockeys honours at the festival.
Of course, there are plenty of incentives and offers to take advantage of from the bookmakers.
Make sure you check back to our cheltenham festival free bets page to pick up an enhanced price or free bet on a horse.
The offers will be coming thick and fast come Cheltenham time so make sure you keep an eye out.