Officials at Cheltenham will inspect the track at 3pm on Monday to assess the prospects for their New Year's Day meeting.
The ground is reported to be heavy and saturated in places at present, which has left some areas of the track unraceable.
Further rain is forecast but clerk of the course Simon Claisse is eager to see how much rain they get before making a decision.
"We have a beautiful sunny morning, but we had 10 millimetres of rain yesterday and overnight and there are parts of the course, we are talking about the two hills, that are saturated and you can get a stick in anywhere between 12 and 18 inches," he told At the Races.
"We wouldn't be raceable today. Regrettably the forecast overnight and tomorrow is further rain, but we just have to hope.
"It has happened occasionally that forecast rain hasn't materialised and if we had a dry 48 hours, there is a chance we could get this meeting on.
"We are going to give it that chance. We are going to take another look at 3pm tomorrow. The rain is set to clear by mid-afternoon and if it doesn't come, we've got a squeak of a chance.
"This course will not take anymore rainfall now. We can just hope in the next 24 hours we somehow miss it.
"The rain is said to be starting late this evening, light rain through the early hours of tomorrow then get heavier during daylight hours and clearing mid-afternoon which is why we have to time that inspection for 3pm.
"If we get sufficient rain early enough to make a call, we will let everyone know as soon as we can."
30 March 2015Bass angling for Rainbow gold
Dreaper an Amigos ally
Maguire ruled out of National
Sirius camp ponder rise in trip
Solar powered up for Classic charge
Guest treads cautiously with Chrome
Noseda sorry for Sloane reaction
Botti aims high with Naadirr
Flemenstar pleases on comeback
Nicholls trims National team
Bolger rates Lucida highly
Angel in the Hunt for Cup honours
Mullins weighs up Aintree options
Hannon readies Classic team
McCoy rules out Punchestown
O'Brien big guns enjoy away day
Hannon aims high with Windshear
McCoy thrills on Ascot farewell
Huge shock in Park Express
Moore to step up Ballydoyle rides
Jacob ripe for Pineau ride
Varian suffers Kingston 'blow'
Aintree on God's radar
29 March 2015Hero makes his mark for O'Meara
Kristale limbers up for York return
Ferof in hunt for Aintree riches
Telescope back in focus
Clouds given National clearance
Chrome given Royal summons
Flemenstar unplaced on return
Dolniya excels in Sheema Classic
Solow gallops to Turf glory
Gabrial just divine in Lincoln
Naadirr strikes to take Trophy
Sole switches on late power
Tullius has to pull out the stops
Romsdal up and running
Panther pounces for Gold
28 March 2015Prince Bishop rules the World
Prince Bishop rules the World
Raven swoops for De Sousa
Hanagan strikes first blow
Stack harbours Lincoln doubts
Odeliz gears up for Park
Mshawish given green light for Turf
Margarson keeps faith in Guest
Havlin has high hopes with Hopkins
Togo lands another for Pakidis
Longsdon and Fehily rule with Law
Coleman picks up ride on Druids
Power out to end Meydan hoodoo
Jack firmly in Trophy hunt
McCoy honoured with Celebration
O'Brien set on Flat resumption
'Rock star' Chrome seeks World fame
27 March 2015Romsdal returns at Kempton
Solow flying high for Head
All to play for at Doncaster
Flemenstar makes Navan return
Panther primed for big Gold run
Derby Fever for Godolphin
Toast recovering from setback
Motion out to keep winning Sequence
Home comforts at Newbury
Curtis keen on Townend for Tea
Flintham upholds family honour
Newmarket moves to avoid split
Weld sweet on 'middleweight' Zawraq
Eagle poised for Curragh return
Signal to swerve Wetherby gallop
Ballydoyle brigade excites Hensey
Angel leads the way in Lincoln