Top Cheltenham Betting Offers: 2025 Cheltenham Free Bets

Our Top Cheltenham Betting Offers 

Cheltenham is a big Festival and that means it’s big business for all the top bookies. That’s certainly good news for you, the punter because it means there’s plenty of competition among them to offer bigger free bets and more of them than their competitors.

Though most of the offers listed below are general Welcome Offers rather than Cheltenham-specific ones, in most cases, you can use the free bets and other bonuses on the Cheltenham Festival, so in that sense, they ARE Cheltenham offers. 

But at the end, we’ll also tell you about some current offers that are specific to Cheltenham.

1. bet365 Cheltenham Offer -  Bet £10 Get £30
2. PaddyPower Cheltenham Offer -  Bet £5 Get a £30 Free Bet
3. Sky Bet Cheltenham Offer  -  Get £40 in free bets when you place any bet
4. Boylesports Cheltenham Offer  -  Bet £10 Get £40 in free bets
5. BetGoodwin Cheltenham Offer -  Get 50% of first day losses back up to £25
6. Betfred Cheltenham Offer -  Bet £10 Get £50 in free bets
7. Ladbrokes Cheltenham Offer -  Bet £5 Get £30
8. Unibet Cheltenham Offer -  Bet £10 Get £40
9. Virgin Bet Cheltenham Offer-  Bet £10 Get £40
10. William Hill Cheltenham Offer -  Bet £10 Get £30
11. Midnite Cheltenham Offer -  Bet £10 Get £20 and 50 free spins
12. Matchbook Cheltenham Offer -  Bet £50 Get £50
13. Tote Cheltenham Offer -  Bet £10 Get £40
14. EasyBet Cheltenham Offer -  Bet £20 Get £20
15. Fafabet Cheltenham Offer -  Bet £130 Get a £35 in sports free bets and a £25 casino bonus

1. bet365 Cheltenham Offer -  Bet £10 Get £30  

A straightforward case of trebling your money in free bets in relation to the qualifying bets you place in order to get them. Deposit and bet £5, and you’ll get £15 in free bets; deposit and place £10 worth of qualifying bets, and you’ll get a maximum of £30, which can be used to place bets on any Cheltenham race or anything else for that matter.

Be aware that you only have seven days to use your free bets and that only the winnings from the free bets are returned to you, not the stake.

2. PaddyPower Cheltenham Offer -  Bet £5 Get a £30 Free Bet

At Paddy Power, the generosity is even greater when claiming their sign-up offer, meaning the ratio between qualifying bets and free bets is even better than at Bet365. So you can see why we consider it one of the best Cheltenham betting sites.

All you need to do is make a deposit and place a bet for at least £5 at minimum odds of 2.0, and you’ll be rewarded with £30 in free bets. That’s a decent amount, and with so many high-quality Cheltenham races during the Festival to bet on, it will certainly come in handy.  

Make sure that you use a debit rather than any other payment method when making your deposit or else you won’t be able to claim this Cheltenham free bet offer. Also, remember to use your free bets within 30 days or else you’ll lose them.

3. Sky Bet Cheltenham Offer  -  Get £40 in free bets when you place any bet

Some Cheltenham sign-up offers seem too good to be true, and this is one of them. But it’s actually not too good to be true; it’s just an excellent offer!

Place a bet for as little as 5p at odds of 2.0 or greater, and you’ll get 4x £10 in free bets. Choose to use one a day for each of the four days of racing at the Festival or save those four for your favourite races, irrespective of the day they’re run; it’s up to you.

Make sure you avoid using Neteller or Skrill when depositing or else you won’t receive this Cheltenham offer. And that when using the free bets, you place them as either singles or each-way bets.

4. Boylesports Cheltenham Offer  -  Bet £10 Get £40 in free bets

On the face of it, it’s one of the simpler offers around and just requires you to place a £10 qualifying bet in order to receive £40 in free bets. And, to an extent, it really is that simple because that’s all you need to do in order to get the bonus. 

However, it’s worth pointing out that £10 of that £40 is a casino bonus and that the £30 free bet must be used in one go rather than being split into several bets. So why not save it for the biggest Chelteman race of the lot, the Gold Cup? 

Given Boylesports are also giving away plenty more Cheltenham free bets beyond the welcome offer (see below) and you can see why we consider it one of the best betting sites for Cheltenham. 

5. BetGoodwin Cheltenham Offer -  Get 50% of first day losses back up to £25

This is one of the more unusual Cheltenham sign up offers you’re likely to see but it’s one that could work in your favour.

Sign up and bet on the Cheltenham Festival with them and if you have a winning first day as a new customer, you’ll have banked some good profits. But if you haven’t, you can at least look forward to getting 50% of your first-day losses paid back to you as a free bet, up to £25. 

Bear in mind that to qualify, you’ll have to have placed at least three bets, each for £10 or more, on separate events at odds of 2.0, or greater. As per usual, the stake isn’t returned if the free bet wins, only the profits from it.

6. Betfred Cheltenham Offer-  Bet £10 Get £50 in free bets

Another great value-for-money offer at one of the best Cheltenham betting sites on the market. 

Just place a qualifying bet of £10 or more at odds of 2.0 or greater on any sport you like within seven days of registering, and you’ll soon be looking forward to: 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets. Both the sports free bets and the accas can be used on the Cheltenham Festival, so here’s a perfect opportunity to line up some free bets before the Festival gets underway, by opening an account there prior to that. 

Remember to only make your deposit using a debit card and to place your qualifying bet in one go, or else you’ll miss out.

7. Ladbrokes Cheltenham Offer -  Bet £5 Get £30

It’s no secret that Ladbrokes is one of the best online bookies for Cheltenham, but did you know that as part of their welcome offer, one of the free bets is specifically tailored towards Cheltenham? You do now. 

Place a £5 qualifying bet at odds of 1.5 or greater and you’ll get 1x £5 Bet Builder, 4x £5 free bets and 1x £5 Cheltenham ante-post bet. Of course, you won’t be able to use the Bet Builders on the Festival (as they don’t exist for racing) but in addition to the ante-post bet, you can also use the £20 in free bets on any Cheltenham market you wish. 

Just note that if any of your free bets is void, you’ll lose it rather than it being refunded, and also that you can’t Cash Out any of your free bets.

8. Unibet Cheltenham Offer -  Bet £10 Get £40

Another of the best Cheltenham betting sites is Unibet, who certainly have a welcome offer to match their overall horse racing product. When you deposit and wager £10 at odds of 2.0 or greater, you’ll be rewarded with 1 x £10 Bet Builder, 1 x £10 Accumulator, and £20 in Casino Bonus Money, which, of course, is £40 in total. 

Of those bonuses, you can use your 1 x £10 Accumulator on the Cheltenham Festival if you wish. 

As with all welcome offers, there are some important Ts and Cs to be aware of. Make sure that you use a debit card to make your deposit, that you opt-in to the welcome offer when registering and that your qualifying bet isn’t placed on a horse racing or greyhound market. Or else you won’t be awarded the bonus.

9. Virgin Bet Cheltenham Offer-  Bet £10 Get £40

One of the more straightforward welcome offers at Cheltenham betting sites is this one at Virgin Bet. Deposit at least £10, place a qualifying bet for at least that amount at odds of 1.5 or greater, and you’ll receive 2x £10 free bet tokens to use as you wish.

That obviously means you can use one or both of them at the Cheltenham Festival. For example, you could use one of those tokens to place a bet on the Champion Hurdle race and the other as an acca across several of Friday’s races, the last day of the Festival.  

Just remember to place your qualifying bet within 14 days of opening your account or else you won’t be eligible for the welcome offer. And remember to use your free bets within seven days of being awarded them, or else they’ll expire.

10. William Hill Cheltenham Offer -  Bet £10 Get £30

Another straightforward welcome offer and another one that you can use on the Cheltenham Festival. Just deposit £10 or more and wager that amount at odds of 1.5 or greater and you’ll receive 3x £10 in free bets. Seeing as those free bets can be used on any sport you like, you may as well use them on the numerous Cheltenham races over the course of the four days.

Unlike most other sign-up offers, you need to enter a promo code (R30) in order to be eligible for the free bets and deposit with a debit card to claim the bonus, rather than an e-wallet or bank transfer.

11. Midnite Cheltenham Offer -  Bet £10 Get £20 and 50 free spins

This is one of the new betting sites that we recommend here at Betting Odds and they also have a good welcome offer up for grabs. 

When you deposit and wager £10 as an accumulator at odds of 4.0 or greater (minimum 4 legs), you’ll be awarded 1 x £5 Single Free Bet voucher - minimum odds 1/1 (2.0)
, 1 x £5 Pre-match Accumulator Free Bet voucher - minimum odds 4/1 (5.0) and 4+ selections, 1 x £5 In-Play Free Bet voucher - no requirements,
1 x £5 Bet Builder Free Bet voucher - minimum odds 3/1 (4.0). You’ll also get 50 casino free spins. 

Of those four free bets, the first three can be used in different ways on the Cheltenham Festival, so the offer provides a great way to experiment with different types of bets at Cheltenham. This one also requires the introduction of a promo code (BETGETSPORTS) so make sure you enter it at the time of registering and that you pay attention to the minimum odds requirements for each of the four free bets.

12. Matchbook Cheltenham Offer -  Bet £50 Get £50

First up, a reminder that Matchbook operates a betting exchange, not a Sportsbook, so things work a little differently. But the concept is similar. Place £50 worth of bets on Matchbook, making sure that you do so on at least four different events and at odds of at least 2.0 each time. 

You’ll then have £50 to use on Matchbook, which includes being able to place bets on the Cheltenham Festival. Betting exchanges like Matchbook tend to have higher odds than at Sportsbooks on most horse races, so that’s an advantage right there. 

Remember to enter promo code GET50 when you deposit and to use the free bets within 7 days of being awarded them, or else they’ll expire.

13. Tote Cheltenham Offer -  Bet £10 Get £40

Like Matchbook, Tote operates in a different way to Sportsbooks, too. Tote is a type of pools betting so the amount you win on a successful wager is dependent on the popularity of that selection, nor the odds at which you place it, as there aren’t any! That said, Tote does also have a stand-alone Sportsbook that works the same way as any other fixed odds betting site. 

To get your bonus, you’ll need to place a wager for £10 or more on a Tote racing market or any sport via the Sportsbook. You’ll then be awarded £20 in Tote credit and £10 as a Sportsbook free bet. Both of those can be used on any outright Cheltenham market, Cheltenham special market or to keep things simple, any Cheltenham race. The other £10 is awarded as casino free spins. 

This is another offer that requires the use of a promo code (B10G40) and another one where you’ll need to use your bonuses within seven days, or else you’ll lose them.

14. EasyBet Cheltenham Offer -  Bet £20 Get £20

EasyBet are another example of a site that’s a betting exchange rather than a fixed odds bookie. And unlike Matchbook, they don’t have a Sportsbook in addition to it. It really is just the exchange. Which, interestingly enough, is powered by Matchbook itself! 

But let’s talk about their Cheltenham sign up offer. Deposit and stake £20 and you’ll then need to place at least two separate bets that, between them come to £20 or more, each at odds of 2.0 or higher, on any exchange market you like. 

Once you’ve done that, you’ll receive £20 in free bets, broken down into the following free bets:

• 1 x £5 Free Bet on Soccer Markets Only 
• 1 x £5 Free Bet on Horse Racing Markets Only 
• 1 x £5 Free Bet on Multiples
• 1 x £5 Free Bet on any Market.

With the exception of the first (football) one, all the others can be used on the Cheltenham Festival. So you have a guaranteed £15 in free bets waiting for you to use on it when you open an account here. 

There are two important things to be aware of. The first is that you only have seven days from the date the free bets are awarded to you to use them. And secondly, if you already have an account at one of their sister companies (including Matchbook), you won’t be able to claim the offer.

15. Fafabet Cheltenham Offer -  Bet £130 Get a £35 in sports free bets and a £25 casino bonus

The Fafabet welcome offer is one of the slightly more complex ones to claim. Placing qualifying bets of £10, £20 and £100 will see you get sports free bets for £5, £10 and £20, respectively, and you’ll also get further casino bonuses worth a total of £25. On top of that, you’ll also get a free bet worth 50% of the value of any first-day losses you incur as a new Fafabet customer, up to £50.

All of your sports free bets can be used on Cheltenham, whether as singles or as multiples. 

With the sports bonuses, be aware that the maximum you can withdraw in terms of winnings from them is 20x the value of that particular free bet. So it’s not worth trying to win any more than that because you simply won’t be able to withdraw it.

Additionally, the casino bonuses have 35x wagering requirements on any winnings from them.

What are the different types of bets you can place during the Cheltenham Festival?

To win (single) 

The most straightforward of all bets. Here you place a bet at fixed odds, and the horse either wins, or it doesn’t. For example, a bet for £10 on Fact File to win the Ryanair Chase at Cheltenham with odds of 4.0, will win you £30 profit, plus your stake back. 

To win (acca/multiple bets) 

Similar to the above but here you’re betting on multiple horses to all win their respective races at Cheltenham. With these sorts of bets, you need ALL the selections to win, it’s not enough if just some of them win. If you had an acca on Sixandahalf, Teahupoo and Galopin Des Champs all to win their Cheltenham race, the combined odds might be 12.0. If you stake £10 and all three won, you’d be paid out £110, in addition to getting your stake back. 

Each-Way Betting 

Available at all betting sites covering Cheltenham, half your each-way bet is on the horse to win, the other half of it is on it to place.

So let’s say you’re backing Firefox to win the Arkle Chase at 13.0, and you want to stake a total of £10; £5 is being bet on Firefox to win and £5 on Firefox to place. If Firefox wins, you’ll be paid out on both parts of the bet. If he places but doesn’t win, you’ll be paid out just on the place part of the bet. 

To Place 

Let’s suppose the Place market for the Champion Bumper race means the horses finishing in the Top 3 are place winners. If you backed Aqua Force to place at 3.5, you just need it to finish in the Top 3; it doesn’t matter in which position exactly. 

Tricast Bet

Many racing punters will tell you that picking the winner of a Cheltenham race is hard enough while picking who will come first and second in the correct order is as steep as the famous, final Cheltenham hill itself. 

So the idea of selecting which horses come first, second and third in the right order may seem nigh-on impossible. 

It’s not impossible, but it’s certainly very difficult.

But if all of that is the bad news, the good news is that nailing a Tricast Bet will see you paid out at huge odds, almost irrespective of the horses in question and their respective odds. So it might be worth a go.

Forecast Bets 

Most of what we said about the Tricast Bet is also true of this one, although here you ‘only’ need to get the horse finishing first and second in the right order, not the third-placed horse as well. 

Whereas that makes it far easier to get one of these right now and then, it does also mean that the odds on offer when you do manage it are considerably shorter than for a Tricast Bet. 

Betting Without 

In some Cheltenham races, there’s a very short-priced favourite. A good example of that ahead of the 2025 Festival is Majborough, who is around the 1.6 mark to win the Arkle Chase. 

Shot-priced favourites can sometimes leave racing bettors with few options. It’’s mostly a case that they either just back the favourite or leave the market well alone. 

That’s why bookies introduced ‘Betting Without’ markets when there’s a jolly at odds-on. It allows you to pick another horse to ‘win’, which in this case is actually a case of taking the named horse out of the equation entirely.    

So, let’s say you're back second-favourite L’eau du Sud at 3.0 in the ‘Betting Without Majborough’ market. 

If Majborough won and L’eau du Sud came second, you’d win your bet. But if L’eau du Sud actually won the race, you’d have a winning bet, as well. You’d only not win if L’eau du Sud was beaten by another horse other than Majborough.

What Should You Look for When Choosing Your Cheltenham Free Bet Offer?

You’ll see plenty of Cheltenham Festival free bets on offer in the build-up to it but some are better than others. Here are a few factors to consider when deciding which are the best ones.

Can you use it in Cheltenham?

There’s not much point in having free bets that are limited to football or, worse still, Bet Builders, when it’s free bets for Cheltenham that you’re after. Make sure your free bet can be used on horse racing, which will certainly include Cheltenham. Additionally, you shouldn’t be restricted to the bet type or market. Free bets that can only be placed on the win market or only as accas are too restrictive. 

Does it offer good value?

Most free bets require you to do something in order to get them. Placing £10 worth of bets to get £10 in free bets is a good value-for-money offer. Placing £50 worth of bets to get £5 worth of bets, isn’t, especially if you weren’t going to place those bets in the first place. 

Wagering Requirements

We feel there shouldn’t be any wagering requirements at all on winnings from free bets. 1x wagering requirements are just about acceptable as that’s not too hard to clear, but any more than that and you start to find it difficult to wager through before you can withdraw. 

Expiry Dates

It’s fine for the bookie to give you seven days to use a free bet as it allows you to plan properly. But if you only have 24-48 hours to use it, you might not be in a position to place it right away or may be rushed into using it on a Cheltenham race you didn’t want to play just because you know it will expire if you don’t use it that day.  

Market-specific 

Some bookies expressly say that your free bet can only be used on the race winner market, or has to be used on the Winner Without market, for example. 

If those are markets you like to play anyway, that’s fine. But if they’re not, it might not be worth making a deposit or placing a qualifying bet to get a free bet that needs to be used on a market you don’t enjoy betting on in the first place.

What to Know When Betting on Cheltenham Festival 2025

It’s always worth remembering that no two Cheltenham Festival betting sites are exactly the same so there may be some slightly different policies from one to the next. But the following will be true for most of them.

• Minimum and maximum bets

Most bookies will allow you to place Cheltenham bets for as little as 10p, in some cases even less.  Because it’s such a high-profile event, you should be able to place bets for pretty much whatever amount you want, unless you’re a perennial winner who has been restricted when it comes to the size of your bets.  

• Be aware of Ante-post markets with no refunds 

At most bookies, you’ll be refunded on ante-post markets if your horse ends up not running in the race. No problem. But at others, you won’t be refunded if it doesn’t run, which is unfair. Make sure you place your ante-post bets with bookies that do refund you if the horse doesn’t take part.

• Always bet at bookies with Best Odds Guaranteed (BOG)

We’ve already explained what BOG means in the offers section, so we won’t go through it again. Either way, it makes sense to have an account with a bookie offering BOG during Cheltenham. After all, why would you not want to always be paid out at the best price? 

How To Claim and Use a Cheltenham Free Bet

There’s not much point talking so much about Cheltenham free bets if you don't know how to claim and use one. Here’s what to do:

• Open an account at a Cheltenham Festival betting site and make a deposit, bearing in mind that some will insist you make a deposit for a minimum amount in order to be eligible for any Cheltenham betting offers 2025. 
• If you’re a new customer, your welcome offer may well be in the form of a free bet, which will normally be dependent on you placing a qualifying bet. If that’s the case, make sure you understand all the Ts and Cs so you place the qualifying bet correctly. For example, that it’s struck for a minimum amount or at minimum odds. 
• If you’re an existing customer, there may be Cheltenham free bets available that aren’t part of the Welcome Offer. If that’s the case, place whatever qualifying bet is needed and/or opt-in, as per the offer’s Ts and Cs. 
• Make sure you use your free bet before it expires. You normally have 7 days to use it. 
• Also, be aware of any restrictions on the free bet’s use, such as minimum odds, the type of bet it has to be or the type of market. 
• You may have to tick a box to make sure you’re using the free bet rather than your own money just before you process it.   

Can you Withdraw Cheltenham Free Bets & Offers?

An important reminder that free bets and other betting offers aren’t the same as the bookie just giving you straight cash. They’re bonuses that are yours to bet with, not yours to withdraw. 

So if you have a £10 free bet and you place it on Galopin des Champs at 2.0 and win £10, that  £10 profit is then yours to withdraw because it’s very rare that winnings from free bets carry wagering requirements. However, don’t expect the £10 stake (of the free bet) to be returned to you if it wins, because that’s highly unlikely to be the case. 

In exceptional circumstances, there may be 1x wagering requirements before you can withdraw profits from a free bet, so you’ll have to do that before you get the money out.

Most Popular Cheltenham Races 

Cheltenham lasts for four days and each day, there’s a featured race, which is the most important race of the day, with the highest quality of horses in it and generally also the one that day with the biggest prize pool on offer. These are the four featured races. 

Champion Hurdle (Tuesday) 

This one is a hurdles race rather than a fences one, meaning the jumps are smaller than in most other races. This event is the most prestigious hurdle event of any in national hunt racing and has been going since 1927, with the great Istabraq (a 3-time winner) perhaps the most famous past winner of them all. 

Queen Mother Champion Chase (Wednesday) 

It was known just as the Champion Chase before, with the ‘Queen Mother’ part only added in 1980; it was first run in 1959.  It’s quite a short race, given it’s run over a bit more than 2 miles and is now regarded as the top event for minimum-distance chasing. Trainer Nicky Henderson has a particularly good record in it.

Stayers’ Hurdle (Thursday)

It used to be known as the World Hurdle from 2005-2015 for sponsorship reasons but has now reverted to its original name. Given it’s over three miles, it’s one of the longest races at the Festival and really tests the horses’ stamina, as well as their jumping.  Incredibly, Big Bucks’ won it four times in a row, between 2009-12. 

Cheltenham Gold Cup (Friday) 

At 3 miles 2 1/2 furlongs, it’s even longer than the Stayers’ Hurdle so only the very best, fittest, top jumpers are even allowed to enter it, let alone be considered contenders. It’s the Festival race with the biggest prize money, the most eagerly awaited and important, with many arguing it’s above even the Grand National in terms of prestige. 

When Does the Cheltenham Festival Start?

The 2025 Cheltenham Festival starts on Tuesday, March 11 2025, with the first race of the day being the Supreme Novices Hurdle. It finishes on Friday, March 14, with the Martin Pipe Conditional Jockeys’ Handicap Hurdle, the last race of the day.

Cheltenham 2025 Race Schedule & Racecards

Below is the full list of Cheltenham races with their date, start time and the type of race they are. The featured races are in bold.

Racecards provide most of the information you need about the runners including the jockey, trainer, the horse’s age, any extra weight the horse is carrying, its official rating and recent form, plus any significant movements in its odds to win.  

These days lots of the best betting sites for Cheltenham will have their own racecards integrated within the betting markets so punters don’t have to go anywhere else for that key info.

If they don’t, the Racing Post and other specialist betting websites will have them. The more basic version of them is available for free while the ‘pro’ version may require a subscription. Some Sportsbooks also provide insights and tips from experts like the Racing Post or Timeform so feel free to check out those, as well.

Cheltenham Festival 2025 Betting Offers FAQs

Useful Bookmakers' Cheltenham Festival Links

• Sky Bet Cheltenham Offer
• Bet365 Cheltenham Offer
• Paddy Power Cheltenham Offer
• Ladbrokes Cheltenham Offer
• BetMGM Cheltenham Offer
• Betway Cheltenham Offer
• BoyleSports Cheltenham Offer
• MatchBook Cheltenham Offer
• Tote Cheltenham Offer
• Parimatch Cheltenham Offer
• Midnite Cheltenham Offer
• William Hill Cheltenham Offer
• Betfred Cheltenham Offer
• Virgin Bet Cheltenham Offer
• Fafabet Cheltenham Offer
• Betfair Cheltenham Offer
• AK Bets Cheltenham Offer
• CopyBet Cheltenham Offer
• Coral Cheltenham Offer
• easyBet Cheltenham Offer
• Star Sports Cheltenham Offer
• NetBet Cheltenham Offer
• Betano Cheltenham Offer
• Monster Sports Cheltenham Offer
• BlueFox Sports Cheltenham Offer
• LiveScore Bet Cheltenham Offer