The number of places being paid out by Ladbrokes at the Cheltenham Festival will vary depending on the number of runners in each race. If there are eight or more runners, you can expect to get paid out on the first three places, while Ladbrokes should pay out on the first four places in 16 runner races. You can also expect the Ladbrokes Cheltenham specials to include extra place races, where each-way payments are extended to the top five or even six finishers.