Hardy Eustace (right) wins last year (Getty Images).

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Hills reported plenty of action on Wednesday in two of the big markets for the Cheltenham Festival.

In their betting for the Smurfit Champion Hurdle, last year's winner Hardy Eustace is now the clear favourite at 3/1, from 10/3 which is now the price of Back In Front.

And Azertyuiop and Moscow Flyer cannot be separated at the head of the Queen Mother Champion Chase betting.

Moscow Flyer was cut from 7/4 to 13/8, and defending champion Azertyuiop drifted from 6/4 to 13/8.

With Distant Thunder and Lord of Illusion both ruled out of the Festival, the William Hill Trophy Chase and the Sun Alliance Chase markets have also been shuffled, with Colourful Life and Iris Bleu now 8/1 joint favourites for the William Hill.

Zeta's River continues to attract support for the William Hill Trophy, now 14/1, while Chilling Place, Fondmort and Justified are also movers again today.

Hills' price change summary:

Al Eile 9/1 from 10/1 County Hurdle

Azertyuiop 13/8 from 6/4 Champion Chase

Chilling Place 12/1 from 16/1 Supreme Novices Hurdle

Colourful Life 8/1 jfav from 12/1 William Hill Trophy Chase

Comply or Die 7/1 from 8/1 Sun Alliance Chase

Contraband 7/1 from 8/1 Arkle

Fondmort 10/1 from 11/1 Daily Telegraph

Hardy Eustace 3/1 fav from 10/3 Champion Hurdle

Heros Collonge 12/1 from 16/1 William Hill Trophy Chase

Ilnamar 20/1 from 25/1 Coral Cup

Inglis Drever 8/1 from 9/1 World Hurdle

Iris Bleu 8/1 jfav from 10/1 William Hill Trophy Chase

Joly Bey 9/1 from 10/1 William Hill Trophy Chase

Justified 9/2 from 5/1 Supreme Novices

Keepatem 20/1 from 25/1 Sun Alliance Chase

Kelami 14/1 from 16/1 William Hill Trophy Chase

Lacdoudal 16/1 from 20/1 Mildmay

L'Ami 7/1 from 8/1 Sun Alliance Chase

Lange Au Ciel 6/1 from 7/1 Grand Annual

Palarshan 10/1 co fav from 12/1 Mildmay

Moscow Flyer 13/8 from 7/4 Champion Chase

Say Again 20/1 from 25/1 Grand Annual

Thisthatandtother 6/1 from 7/1 Daily Telegraph

Tikram 10/1 from 12/1 William Hill Trophy Chase

Trabolgan 11/2 from 13/2 Sun Alliance Chase

War of Attrition 11/4 from 3/1 Arkle

Zetas River 14/1 from 20/1 William Hill Trophy Chase