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CHELTENHAM here again, the sun is shining, the course is being watered, the punters are gathering.

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Seriously informed comment from Our Correspondent, who send you the following with fingers crossed:

It seems to me that this is an exceptionally tricky year...
I can't see anything capable of living with Kauto Star for the Gold Cup. But we do have to bear in mind that AP rides Denman, and was heard saying (C4, Saturday) that he thought he'd win.
I don't.......
I don't like the look of Dunguib's jumping quality, for a short-priced favourite; so taking a punt with one to beat him (no idea which yet!) seems value to me.
I'll be LAYING Dunguib, but only modestly to fund a "free" bet on whatever..... think of it as a highly-geared derivative.

I have a feeling about Starluck's chances in the CH, and might be tempted to back it.

Most worthy short-priced favourite? Master Minded looks nailed on to me.
Time will tell, as usual!
Good luck for the meeting.

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