Galopin Des Champs has won the 2024 Gold Cup at Cheltenham Racecourse.

The 10/11 favourite, was ridden to victory by jockey Paul Townend for the second year in a row with 70,000 spectators watching on.

They had gone into the race looking to defend the title that they won in 2023.

You can view the results in full below.

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Cheltenham Gold Cup results 2024

1. Galopin Des Champs (10/11 FAV)

2. Gerri Colombe (13/2)

3 .Corach Rambler (14/1)

4. L’Homme Presse (16/1)

5. Bravemansgame (14/1)

6. Jungle Boogie (18/1)

Which places do each-way bets pay out on?

Each-way bets are so popular because you're not actually betting on your horse to win outright. Instead, you're betting on it to finish among the top handful of places, the specific number of which are determined by the bookmakers.

Several betting companies are offering four each way-places at 1/5 for the 2024 Cheltenham Gold Cup, with most others offering three places with the same terms.

bet365: 4 places, 1/5 odds

SkyBet: 4 places, 1/5 odds

Paddy Power: 4 places, 1/5 odds

UniBet: 4 places, 1/5 odds

BetFred: 4 places, 1/5 odds

Betway: 4 places, 1/5 odds

If you bet to win outright - or 'on the nose' - then it's all or nothing. You either win or you lose, if your horse comes anywhere other than first, you don't win a penny. However, if you bet each-way, you're actually making two bets with the bookie.

It's one bet that the horse will finish first and another that it will come in the determined number of places that the bookie pays out on. So, for example, if you bet £1 each-way, you've made two bets, which overall will cost you £2.

What does that meaning in terms of winnings? Well, if your horse wins at 12/1, and you put £1 on it to win outright, then you get your £12 returns plus your original £1 stake. However, if you backed it each way, then you'll get £12 returns plus your £1 stake.

In addition, if the bookies offer 1/4 the odds for a place, then you'll get another £3 plus your £1 stake. If your horse finishes placed but doesn't win, you'll just get your £3 returns and your £1 stake back.