Cheltenham Betting Offers and Free Bets for 2024

Joe Halliday

Betting Expert

Updated: 21 February 2024

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The Cheltenham Festival is one of the highlights of the British horse racing calendar. In this guide to the best Cheltenham betting offers, we’ll show you where you can get free bets, the best odds, extra each-way places and a whole lot more. We’ll even give you some betting tips to help you get the most from the various available offers.

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[7605,9676,4055,4067,12329,15097,7606,4094,9454,4060,14136,41276,22114,32938,39572]

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#1 UK Site for Cheltenham Betting Offers

Bet £10, Get £40

24/11/23

Bet £10, Get £40

• Spread bets and fixed odds for Cheltenham
• Live streaming of all Cheltenham races
• At least 10 ante post Festival markets

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18+ begambleaware.org. Spread betting losses can exceed deposit. Place a qualifying £10 fixed odds bet at odds of 1/2 or greater. Qualifying bet cannot be placed in-play or cashed out early. Free bet stakes not included in any winnings from the free fixed odds bets. Free bets expire in 28 days if unused.

Min Deposit £10

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Once the bet is settled, get a £10 free fixed odds bet plus a £5 free Total Goals football spread bet and a £5 racing Winning Favourites spread bet. The second £10 free fixed odds bet, £5 free Total Goals football spread bet, and £5 racing Winning Favourites spread bet will be credited 24 hours later. Free bet stakes not included in any winnings from the free fixed odds bets. The free fixed odds bet can be placed by ticking the 'Claim as Free Bet' button on your bet slip when placing your chosen fixed odds bet. The free bet can be placed in-play but cannot be cashed out in-play and must run to the conclusion of the bet.
You need to open a full sports spread betting account to use the 2 x £5 free Total Goals football spread bets and 2 x £5 racing Winning Favourites spread bet. Whilst these are free bets, please remember that when Spread betting it is possible to incur losses that exceed your initial stake. Free bets expire in 28 days if unused. Promotions available to 18+ aged individuals who are registered customers of Spreadex.

Spreadex Gallery Gallery (4)

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Website:Spreadex

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Founded:1999

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Bet £10, Get £30 in Free Bets

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Bet £10, Get £30 in Free Bets

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T&Cs apply. New cust only. Deposit & Place a Bet within 7 days, and settle a £10 minimum bet at odds of 4/5 (1.8) or greater, to be credited with 3x £10 Free Bets: 1 x £10 Horse Racing, 1 x £10 Free Bet Builder and 1 x £10 Football. 7 day expiry. Stake not returned. 18+ BeGambleAware.org.

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Open only to new BetUK.com players. Aged 18 or over. Opt-in required by clicking on the “Claim” button on the player’s “My Offers” page. Offer is available on mobile browser and app only. Offer must be claimed and qualifying bet must be made within 7 days of registration. Only bets with minimum odds of 1.5 qualify for this promotion. Qualifying bet must be a bet of at least £10. Void, cashed out, or partially cashed out bets do not qualify for this promotion. Once the qualifying bet settles 3x £10 free bets will be awarded. Free bets must be used on bets with 4 or more selections. Each selection must be at odds of 1.3 or greater. The free bets will expire seven days after they are awarded if they remain unused.
This offer can only be claimed once.
Free bet stake not included in any winnings.
Bets placed with free bets do not qualify towards the promotion.
General T&Cs apply

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New customers only.

Who can take part?
New customers only. Available to residents of UK or Republic of Ireland.

How and when can I qualify?
Open a new account using promo code YSKWEX
Deposit a minimum of £10 using cards
Place a Sportsbook bet up to £20 at min odds of 2.0 (Evs). For the purposes of this promotion, your first ever placed bet will be counted as the qualifying bet.
Qualifying requirements must be completed within 30 days of account opening

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If your qualifying bet is settled as a loser we will refund you stake in CASH
Maximum refund is £20

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Open a new account using promo code YSKWEX Deposit a minimum of £10 using cards Place a Sportsbook bet on Football. For the purposes of this promotion, your first ever settled bet will be counted as the qualifying bet. Qualifying requirements must be completed within 90 days of account opening. If your qualifying bet is settled as a loser we will refund you stake in CASH Maximum refund is £20.

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Website:Paddy Power

Owner:PPB Counterparty Services Limited

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Bet £10 Get £50 in Bonuses

29/11/23

Bet £10 Get £50 in Bonuses

• NRMB on feature Cheltenham Festival races
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New UK 18+ customers only. Register with WELCOME50. First bet £10+ at Evens (2.0)+ on Sports within 7 days to get Free Bets: £20 In-Play, £20 Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply.

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New customers only. Register (excl. 13/04/24) with WELCOME50. First bet £10+ at Evens (2.0)+ on Sports within 7 days to get Free Bets: £20 In-Play, £20 Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply.

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Website:Betfred

Owner:Petfre (Gibraltar) Limited

Founded:1967

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Bet £10, Get £20 In Free Bets

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*New members. Offer not available 15/04/23. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from crediting (ex. E/Ws & Multiples), stakes not returned. Click here for Rules & Exclusions. Bet Responsibly. BeGambleAware.org. T&Cs apply 18+

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To be eligible for the Offer, you must: be 18 years of age or over; be a resident of, and physically located in Great Britain; register as a Member of LiveScore Bet and accept the LiveScore Bet Terms and Conditions; make a first deposit of £10 or more; not be subject to any responsible gambling restrictions on your Account, including but not limited to deposit limits or loss limits; and within 14 days of your registration as a Member, place a "Qualifying Bet", which is a bet of £10 or more in one go on LiveScore Bet sportsbook that:
settles within the same 14-day period;
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is placed at minimum odds of 1/2 (decimal price 1.5);and
if an accumulator or a multiple bet, has odds greater than 1/100 (decimal price 1.01) per selection
Qualifying Bets must be made as a minimum £10 in one go and only the ‘win’ part of your bet will count, i.e. two £5 bets each-way (with a total stake of £10) will not be a Qualifying Bet, whereas with a £10 each-way bet (a total stake of £20), £10 would count and therefore would be a Qualifying Bet. T&Cs apply.

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New players only. Minimum stake £10, minimum odds 1.5, stake not returned. 1X wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only, wagering starts from real funds. Free bet is valid for 7 days from issue. Max conversion: £ 200. Excluded Skrill deposits. Withdrawal requests voids all active/pending bonuses. Full Terms Apply

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Deposit of £ 10 and place bets to the value of £ 10 or more to get a £ 30 Free Bet. To get the offer you must activate your account from your registered email. One-time stake of £ 10, minimum odds 2, stake not returned. Any player can receive up to 1 (one) sport welcome bonus on the Progressplay Network. Any player can receive up to 5 (five) free bet bonuses per month on their account. The bonus must be wagered 1 time (one) before a withdrawal can be made. Winnings from the free bet bonus will be capped at £ 200. Once you made an eligible deposit, the bonus will be credited to your account as a 'pending' bonus. When you have accumulated the £/€/$ 10 of real bets, the bonus will automatically be activated and available for use. To be eligible for the bonus you must register your account through this page. Once the amount you have wagered meets or exceeds the Wagering Requirement, the Promotion will end and your Bonus Funds will automatically transfer to your Real Money Balance (up to the Maximum Conversion Amount of £ 200 from where you will be able to withdraw them as cash or continue to use them in non-Promotion play.

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*New members. Offer not available 15/04/23 £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from acceptance (ex. E/Ws & Multiples), stakes not returned. Rules & Exclusions apply. Bet Responsibly. BeGambleAware.org. T&Cs apply, 18+

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*New UK customers (Excluding NI) mobile only. £20 in FREE Bets (FB) as £10 in sports bets & a £10 casino bonus (CB). Min stake £10. Min odds Evs. FB applied on 1st settlement of any qualifying bet. FB 7 day expiry. 1 FB offer per customer, household & IP address only. Payment restrictions. 14 days to accept £10 CB, then active for 3 days. CB 5x wagering & max redeemable £100. Game restrictions apply. Cashed out/Free Bets won’t apply. 30 days to qualify. 18+. T&Cs apply

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We’ve enhanced our UK Sportsbook Welcome Offer. Get 50% Back as a Free Bet up to £35 (normally £25) plus 10 Free Spins! A minimum of 3 bets at odds of evens (2.00) or greater is required to qualify for the max free bet, which is based on 50% back of first day losses. Even if your account is up, a single £10 Bet at the minimum odds, secures a £5 Free Bet & 10 Free Spins. UK 18+T&C’s

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Types of Cheltenham Offers and Free Bets

Every horse racing betting site worth its salt will pull out all the stops for the Cheltenham Festival. That means you can expect to find Cheltenham betting offers and promotions galore. Here are some of the most popular deals around at the time of writing. As you’ll see, there’s something for everyone.

Cheltenham Free Bets

With free bets Cheltenham fans can enjoy a wager or two at the festival without risking a penny of their own cash. Bookmakers like to make free bet offers to attract new customers and to encourage existing customers to participate in Cheltenham races betting. To qualify for these offers, you will normally need to make a bet using your own cash first. You’ll then receive one or more free bets for Cheltenham or whatever else you want to bet on.

New customer offers are available all year round. For example, right now at Spreadex, you can get a bundle of free bets worth £40 when you sign up and make a £10 fixed odds bet at minimum odds of 1/2. Free bets are valid for 28 days, so take advantage of this offer a few weeks before the start of the festival and you’ll be sorted.

Cheltenham No-Lose Bets

Another welcome offer that you’ll see being made by many bookmakers will let you place your first bet risk-free. If your bet loses, your stake will be refunded, up to a certain maximum, in the form of a free bet. Make your first bet at the festival and you effectively get a Cheltenham no-lose bet.

As we said a few moments ago, other bookmakers will give you one or more free bets when you sign up as a new customer and make a qualifying first bet of your own. Since you can’t lose money when using these free bets, you can view them as Cheltenham no-lose bets even when they aren’t advertised as such.

You can expect to see plenty of Cheltenham new customer offers during the festival. But you don’t have to wait until the festival has started. LiveScore Bet is currently offering £20 in free bets when you open an account and bet £10 at odds of 1/2 or bigger. The free bets here are only valid for 7 days and must be settled within 14 days of your account being opened, so bear that in mind if you want to use them as Cheltenham no-lose bets.

Cheltenham Best Odds Guaranteed (BOG)

One of the most famous horse racing offers is Best Odds Guaranteed, or BOG for short. This really comes into its own during the Cheltenham festival. It allows you to bet with a bookmaker early in the day and take the odds that are available at the time. Then, if your horse wins and the SP is bigger, your bet is settled at the larger odds. You therefore get the best Cheltenham race odds regardless of whether they drift or contract.

For example, Paddy Power gives Best Odds Guaranteed on all bets placed after 8 am on the day of the race. This only applies to singles and multiples on win or each-way markets, but being able to bet early without missing out on a bigger price can be worth its weight in gold at Cheltenham.

Cheltenham Extra Each-Way Places

This is one of the most popular Cheltenham Festival offers out there. As the name suggests, it applies to each-way bets only, and it will increase the number of places in a race that will give you a return.

A ‘standard’ extra place offer will normally pay out for just one extra place. Some bookmakers, however, go above and beyond. For example, Betfred have been known to offer a hefty five places with this deal in place, instead of the regular four. Ahead of the 2024 festival, they are offering ante post betting odds with extra places on over half a dozen of the scheduled races.

Cheltenham Non-Runner No-Bet (NRNB) Special

The popularity of this promo among Cheltenham betting sites has grown significantly in recent years. Now, it’s pretty much commonplace. Non-Runner No Bet (NRNB) terms mean you are guaranteed a run for your money. If you back a horse to win a particular race, and it doesn’t even run (usually through injury), the bookmaker will refund your entire stake. No questions asked.

This offer might not help you make money, but it can certainly help you to avoid losing it. BetUK is a great option here because it provides Non-Runner No Bet protection on all of its Ante Post betting markets for Cheltenham.

Cheltenham Money-Back Specials

A money-back special is a deal that will give you your money back if you bet on a certain race and it loses. There is always a maximum value to the bet that you can place under this offer, and the free bet must be used within a certain period of time. You can expect to see several of these Cheltenham bet offers being made available, but they are normally advertised on the day of the race itself, so keep your eyes peeled.

Virgin Bet has this offer available throughout the year on horse racing, so you should certainly find it there for the Cheltenham Festival.

Cheltenham Ante Post Betting

Most major bookmakers will offer Cheltenham ante post betting markets. These allow you to bet on races days, weeks, or even months before they happen. The main advantage of this is that you’ll typically get better prices compared to the Cheltenham betting odds offered right before a race. The major drawback, of course, is the risk involved. Betting on a particular horse months in advance might feel like a good idea at the time, but you could feel a lot different by the time the festival comes around. And the horse mightn’t even end up running.

If betting on Cheltenham races ante-post tickles your fancy, we’d recommend using the Betfair sportsbook. They open their markets nice and early, and a Non-Runner Money Back offer in each means that you won’t lose out if any of your selections fail to participate.

Cheltenham Acca Insurance

Betting on several races in an accumulator can lead to big wins. Just ask Darren Yates, who bet on Frankie Dettori to win all seven races at Ascot in 1996. But it’s far more common for an accumulator bet to fail due to one or more runners losing. Acca Insurance is one of our favourite bookies Cheltenham offers that will give you your stake money back – in the form of free bets – if just one leg of your accumulator lets you down.

Each bookmaker that makes this offer will set their own terms and conditions. Your acca bet will normally need a minimum number of legs and/or minimum combined odds to qualify. There will also be a cap on the value of the refund. But if you like the idea of placing an acca at Cheltenham and getting your money back if one horse loses, this is the offer for you.

Cheltenham Price Boosts

The bigger the odds you get when you strike a bet, the more you’ll win if your bet succeeds. During the Cheltenham Festival, many bookmakers will have Price Boost offers running. These will give you bigger odds than you would normally expect in certain races, which makes betting on them even more appealing.

You’ll be spoiled for choice when it comes to bookies offering Price Boosts. More than a few of them will even offer to boost the odds on Cheltenham acca payouts or give you a free bet when your acca wins. QuinnBet is a great example, so be sure to check out the offers there.

Cheltenham Bet Though The Card Offers

These offers usually require you to make a qualifying bet on the first race of the day. You will then get Cheltenham free bets for the remaining races so that you can bet ‘through the card’. The free Cheltenham bets that you receive won’t be worth a fortune, but they will certainly keep you interested in the racing until the day’s meeting is over.

You’ll have to wait and see which bookmakers decide to make a Bet Through the Card offer for this year’s festival. That said, BetGoodwin is always good for horse racing promotions, so be sure to visit them to check out their best Cheltenham bet offers.

Cheltenham Betting Odds 2024

Betting odds are already available for most if not all of the races scheduled to take place at this year’s Cheltenham Festival. If you already know what you want to bet on, you can help yourself to an early price in the Cheltenham antepost markets. And if you bet in a market that states Non-Runner No Bet, you’ll get your stake back in the disappointing event that your horse doesn’t run.

Cheltenham Gold Cup Odds

The most famous race at the festival – and one of the most popular among bettors – is the Cheltenham Gold Cup. Odds for this race have been available in ante post markets for months, so you can bet right now if you want to. Here are how the Cheltenham Gold Cup odds currently stand at Spreadex:

All prices quoted correct as of 11:00 GMT, 21/02/24

Cheltenham Festival Betting Markets

As mentioned, while there are some more exotic markets out there, the bulk of your Cheltenham betting should revolve around tried-and-tested bet types. Let’s look at each of the four main ones in turn.

Race Winner

This is the most straightforward horse racing wager there is. Quite simply, you’re betting on which horse is going to win a given race. That sounds simple in theory. In reality, though, it’s anything but.

For the very first race of the Cheltenham Festival each year, the Supreme Novices Hurdle (which features the famous ‘Cheltenham Roar’), up to 22 horses can take part. With that many competitors, your chances of picking a winner are pretty slim. That’s why even the highest-rated horses will typically only have odds of 6/1 or 7/1, and these can grow to a massive 150/1 for the biggest underdogs.

Each Way

In large and highly competitive fields – like the many handicap hurdles and chases at Cheltenham – each way bets are the most sensible wagers you can place.  Each ways actually consist of two individual bets.

The first is the ‘win’ part, which works the same as a regular race winner bet. The second is called the ‘place’. This means that – if your horse doesn’t win but finishes within a certain range – you’ll still get paid. The return will usually be small, with place odds usually being 1/4 or 1/5 of the outright win, but it’s better than making a loss.

Multiples

As in other sports, multiple bets on Cheltenham are high-risk, high-reward wagers. You’ll usually take them here by placing race winner bets on a succession of different races.

Trying to predict the winner of each race across a single day, with a small stake, is one popular route to take with Cheltenham free bets and betting in general. Given the sheer number of runners involved, however, do be aware that your chances of winning these wagers are smaller than just finding one winner.

Exchange Bets

We’ve generally focused on sportsbooks here, but there is an alternative. Betting exchanges are peer-to-peer, and allow you to back a horse you like to win or lay one you don’t fancy to lose, as long as someone is willing to match your bet. The drawback to this extra freedom is that you’ll pay a commission on your winnings to the exchange.

Betfair is the most famous betting exchange, and provides excellent coverage of the Festival. They also charge relatively high commissions, however, and there are several impressive competitors out there. They also run some of the best Cheltenham offers for both the Exchange and Sportsbook in the weeks leading up to the big meeting.

Tote Betting on Cheltenham

Most bets are obviously made on an individual basis. You place your own bets, then either keep the winnings or accept the losses.

Tote betting is a completely different way to gamble, and involves pool betting or parimutuel wagers. Punters combine their stakes together into one big pot for a particular market, then dividends are paid out on winning wagers based on how popular that horse was among the total money wagered.

If you’re looking for a fresh approach to your Cheltenham betting, this is an interesting – and potentially lucrative – route you can take. There’s a decent amount of variety in how you do so too. Simple winner bets are the most straightforward, of course, but you can also join pools for trifectas or a horse to place. There are also multi-race pools, such as Placepot bets and jackpots, which are even harder to win.

While a few different bookmakers offer pool betting, like William Hill and Unibet, the best one remains The Tote. It’s popular, covers plenty of bet types, and has a reasonable £2 minimum stake limit.

Cheltenham Tips & Betting Guide

Cheltenham betting can be a whole lot of fun, assume you gamble responsibly. While there’s no guarantee you’ll turn a profit from it, there are certainly measures you can put in place to boost your chances. These are our five top Cheltenham tips for making money from your betting on the Festival.

What is the Cheltenham Festival?

The Cheltenham Festival is one of the three biggest horse racing events in the UK each year. Along with the Grand National and Royal Ascot, this prestigious and popular event is one of the pillars of the British racing calendar. While not quite as long-running as the Grand National or Royal Ascot, Cheltenham still has an impressive history. It dates back to the early 20th Century, although the National Hunt Chase goes even further back, and it has only been cancelled a handful times in over 120 years since.

One of the main reasons for its popularity is its timing. Cheltenham is always held in the middle of March, meaning spring is on the way in the UK and there is usually same jumping ground for all National Hunt racehorses.

The Cheltenham Festival runs for four days, starting on a Tuesday and ending the same week on the Friday with 28 different races held in that time. This includes 13 Grade 1 events for hurdles and steeplechasers of different ages, abilities and genders. There is also a Grade 1 National Hunt Flat race where no obstacles are jumped. This is called the Champion Bumper.

These not only draw the most attention from racing fans, but also the best Cheltenham free bet offers and action. While the likes of the Champion Hurdle and Queen Mother Champion Chase are important, the action culminates in the Cheltenham Gold Cup on the final day.

Cheltenham Festival Daily Race Schedule

Whether you’re using Cheltenham Festival free bets or your own cash, you’ll need to know what you can bet on and when. Here, then, is how the 28 races are scheduled across the four days of the festival:

Cheltenham Gold Cup – Previous Winners

Below, you can see a rundown of the winners of this all-important event over the past decade.

Watch Cheltenham Live Stream

There are many eyes keeping a close watch on Cheltenham live throughout not just the Festival but the entire season. Many trials for the big meeting are run in the autumn and winter with a good example being the Cleeve Hurdle for horses hoping to go to the Stayers Hurdle. All leading bookmakers now offer a Cheltenham live stream for those who place a qualifying Cheltenham bet on that particular race.

However, the very best let punters watch Cheltenham live for free. That way you don’t miss any of the Festival action. Many live-streaming bookies just require you to have a funded account, that is a positive bank balance, and you’re off to the races with the best seat in the house – your own.

Summary

Cheltenham betting offers are always a welcome prospect each March. If you’ve been lying low with your racing betting over the winter too since the busy Christmas and New Year period, this is the perfect time to come out of hibernation.

When practiced responsibly, few gambling experiences are more fun than Cheltenham betting. There are simply so many events to wager on – many of which are of the highest quality – with hundreds of different horses involved.

To give yourself the best chance of making money from Cheltenham free bets and offers, we’d highly recommend following the tips in this article. Be sure to use as many special offers as possible too, in order to both avoid losses, and maximise your profits on wins.

Cheltenham Betting FAQs

Joe Halliday

Betting Expert

Joe is an expert in both online casinos and sports betting sites. He has worked as a full-time online gambling content creator for over six years now, and has many more years of personal betting experience. He particularly enjoys betting on football, where he favours a stats-based strategy, but likes gambling on the NFL, NBA, and more too. Elsewhere, Joe carries his data-driven approach to Fantasy Premier League, for which he writes tips columns, how-to guides, and more. Joe has written for a wide variety of sports betting and casino sites including TopBettingSites, FootballBettingSites and OnlineBettingSites.

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