The deal marks the first new commercial partnership for Jockey Club Racecourses with a betting operator since recently announcing it will enter into new agreements only with Authorised Betting Partners - those who are making a fair contribution to British Racing through appropriate funding agreements with the sport.
The Tingle Creek, which takes place on Saturday December 5, is always one of the most spectacular and widely anticipated races of the National Hunt season and this year promises to be a cracking renewal, says Betfair spokesman Barry Orr.
"With both Sprinter Sacre and Vibrato Valtat showing their rude health already this season Un De Sceaux will be facing race fit rivals and certainly won't have everything his own way should current entries stand their ground.
"The Willie Mullins trained horse is odds-on across the board but the quality of opposition has prompted us to offer even money about the Arkle winner."