The five-year-old is unbeaten in five starts, most recently running out an impressive winner in the Sidney Banks Memorial Novices' Hurdle at Huntingdon a month ago.
A tilt at the Ballymore Novices' Hurdle next Wednesday, for which he was as short as 10-1, was under serious consideration.
But Bailey has elected to take a cautious approach with his long-term future in mind.
"He hasn't had a setback. He's just a bit weak and immature and I just felt taking him to Cheltenham would be a bit tough on him at this stage of his career," said the Andoversford-based trainer.
"He's a very nice horse and we've decided we'll but him away now until next season.
"I would imagine that he'll more than likely go novice chasing."
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