Cheltenham 4.40 – Princess Royal Challenge Cup Open Hunters’ Chase🏇⤵️👇

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The Hunters’ Chase is rarely a race for guesswork. You need a horse that stays, jumps, handles the track and does not go missing when the pressure comes on up the hill. This year’s renewal is deep, but the shape of it points to a familiar name.
Its On The Line sets the standard.
There is no mystery to his profile. He has finished second in the last three runnings of this race, and that is not a negative dressed up as a positive. It is rock-solid Festival form in the exact contest that matters. He knows the job, he knows the track and he has already shown he can hold his form right through the spring. His Downpatrick win on Boxing Day was another reminder that he arrives here in good order.
From an HRB point of view, he is right at the top of the pile. He has the strongest blend of proven class and dependable recent form. The race-shape data also backs him up. He is one of the standout late finishers in the field, and that matters in a big-field Hunters’ Chase at Cheltenham. Horses that travel and then find off the bridle are the ones you want here.
The obvious danger is Panda Boy. Timeform’s case is easy to see. He is unbeaten in hunter chases, has improved for being ridden more positively and looks well suited by a race that may not be run at a breakneck gallop throughout. He is progressive, tough and arrives with momentum. On raw upside, he is a major player.
The question is whether he has yet done enough in this exact environment to be preferred over a horse with such a bank of proven Festival hunter-chase form. Cheltenham is not the place to assume improvement. You need to see it under pressure, not just hope for it.
Last year’s winner Wonderwall demands respect. He won this race fair and square in 2025 and clearly goes well fresh. His trainer knows what is required, and his profile says he will be ready. But defending this race is difficult, and there is less room for error now. He had the run of things last year and may not get that luxury this time.
Con’s Roc is the one for the shortlist beyond the obvious names. He is less exposed than many of these, shaped well behind Its On The Line when the race did not play to his strengths, and the cheekpieces could help. He has the right sort of profile to run above the market’s expectations.
There are others with bits and pieces of appeal. Stattler has class in the book, Music Drive has a staying profile that could bring him into it late, and Barton Snow is progressing nicely. But all of them need to prove more than the principals.
The trend angle is straightforward enough. This race is often won by seasoned hunter chasers with stamina, proper jumping and a bit of class. It also throws up results for horses with hard Cheltenham form rather than paper promise alone. That is why Its On The Line still makes the most sense.
He may not be flashy. He may not be the sexy improver. But he is the one with the clearest body of work, the safest race profile and the strongest evidence that he will turn up and run to his mark.
Verdict
Its On The Line is the percentage call.
Panda Boy is the main danger.
Con’s Roc is the value angle.
Final word
This is not a bombproof race and there is no point pretending otherwise. But if you want the horse most likely to give you a run for your money, it is Its On The Line.

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