With the 2017 Festival fast approaching, here's five Cheltenham tips on how to set yourself up to maximise your profits over the course of the week.

The Cheltenham Festival is the biggest matched betting event of the year and it's possible to earn hundreds if not thousands over the four days, depending on your circumstances.

How much time you can spare, how many accounts you have and the size of your bank will be key factors.

Related: Why matched bettors love Cheltenham

If you're relatively new to matched betting, or if this is your first Cheltmas, here's some advice:

Cheltenham tips

Plan your attack - Think about which offers you will target and in which races. You might not be able to do every offer in every race, so pick out the ones that you can do and that will earn you the biggest profits. Set yourself an achievable target each day and for the course of the festival and remember to keep a record of where your money is. This matched betting spreadsheet will help.

Make time - Many matched bettors who work take time off from their jobs during Cheltenham week to give themselves more time. Racing starts at 1.30pm each day, with the last race at 5.30pm. Think about whether you will need to be around then or can you set up your bets in the morning or the night before.

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Look after your accounts - you should strongly consider mug betting in the build-up and during the Festival, particularly if you don't usually bet on horses. Mug betting helps prevent your accounts from being restricted (gubbed). Advice on mug betting can be found in the Training Archive.

Use Match Catcher - Match Catcher is an advanced tool that can make a significant difference during Cheltenham. It finds and rates matches quickly in races with refund offers, saving you time and effort. Match Catcher is available free for Platinum members up to and including the first day of the Festival (March 14). After that, you will need a Platinum Plus membership to access it. Find out more about Match Catcher

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Get set up - Setting up an ewallet such as Skrill, Neteller or PayPal is a good idea. These will allow you to make quicker deposits and withdrawals to move your money around. Be aware that some bookies don't allow you to use an ewallet to claim some bonuses, so always check the terms. And, of course, you should also make sure you have your exchange accounts set up with Betfair, Smarkets and Matchbook.

Build you bank - The more money you have at your disposal during Cheltenham, the better.

Cheltenham Festival 2017 Schedule

Day One - Champion Day - Tuesday, March 14

1:30 Supreme Novices Hurdle
2:10 Arkle Challenge Trophy
2:50 Festival Handicap Chase
3:30 Champion Hurdle
4:10 David Nicholson Mares Hurdle
4:50 National Hunt Chase
5:30 Novices Handicap Chase

Day Two - Ladies' Day - Wednesday, March 15

1:30 Neptune Novices Hurdle
2:10 RSA Chase
2:50 Coral Cup
3:30 Queen Mother Champion Chase
4:10 Cross Country Chase Odds
4:50 Fred Winter Handicap Hurdle
5:30 Champion Bumper

Day Three - St Patrick's Day - Thursday, March 16

1:30 JLT Novices Chase
2:10 Pertemps Final Hurdle
2:50 Ryanair Chase
3:30 Stayers Hurdle
4:10 Festival Plate
4:50 Mares Novices Hurdle
5:30 Kim Muir Challenge Cup

Day Four - Gold Cup Day - Friday, March 17

1:30 Triumph Hurdle
2:10 County Handicap Hurdle
2:50 Albert Bartlett Novices Hurdle
3:30 Cheltenham Gold Cup
4:10 Foxhunter Steeple Chase
4:50 Conditional Jockeys Hurdle
5:30 Grand Annual Chase

Image courtesy of www.HorseRacingPhoto.co.uk