Nicky Henderson will consider giving Champ another race ahead of The Festival once he has recovered from his New Year's Day exertions.
The shortest-priced favourite on the Cheltenham card fell at the penultimate fence with the Grade Two Dipper Novices' Chase at his mercy.
Four lengths ahead at time, the eight-year-old had jumped left at the previous two fences, but looked to have plenty in hand at the time of his departure.
Nearest pursuer Midnight Shadow (4/1) picked up the pieces for Danny Cook and Sue Smith.
After receiving feedback from Champ's rider Barry Geraghty, Henderson said: "We felt we needed to make the race a bit more honest for him today because he does stay, we didn't want a sprint.
"He was enjoying himself and was jumping beautifully. I thought he jumped the best I had seen him jump this year so far and then he came round the bend and we have seen it all before.
"He (Geraghty) said he was full of petrol. I think he's fine, they catch them at the end and take them to the stables.
"I was really not planning on running him again after today, just stepping him up to three miles which is what he wants.
"Whether we do run him over three miles after that I don't know, we will just have to see there are places we can go- Reynoldstowns and things like that come into the equation.
"You would hardly want to come into it (the RSA) on the back of what he has done there.
"It's just annoying more than anything."
Midnight Shadow (4/1) was winning on the New Year's Day card for the second year in succession and Smith hopes he will be back at Prestbury Park in March.
"Obviously we don't know what the situation would have been if the other horse hadn't have fallen," she said.
"That's what jump racing is isnt it? They've all got to be jumped.
"He's just seven as of today. We are very happy.
"You can't be afraid of one horse, can you?"
The race continued a dramatic day at Cheltenham, after Imperial Alcazar was awarded the opener, much to the surprise of many racegoers.
The Stewards considered that interference on the run-in had improved the placing of the original winner Protektorat, interrupting his rival 'for three to four strides at a critical point in the race.
The trainer of the demoted horse, Dan Skelton, gained some compensation when Oldgrangewood (12/1) prevailed in a thrilling three-way photo to the Grade Three Paddy Power Handicap Chase.
