An Irish racegoer was arrested at Cheltenham yesterday on suspicion of fraud after he was caught in possession of counterfeit euro banknotes with a nominal value of £6,500.
The 49-year-old man was being questioned at Cheltenham Police Station last night.
Gloucestershire police said the only other crimes on the course yesterday were two pick-pocketing incidents.
A punter from Yorkshire reported having £3,000 in cash stolen while another man had £100 taken from his pocket.
This afternoon's racing at the Cheltenham Festival has been abandoned due to high winds.