Paddy Power Cheltenham Offer: Get £40 Free Bets for Day 4

The final day of the Cheltenham Festival is here as the 2026 edition reaches an exciting conclusion. Across Friday afternoon we can all enjoy a packed schedule featuring the Triumph Hurdle, County Handicap Hurdle, Albert Bartlett Novices’ Hurdle, and the Hunters’ Chase, before the spotlight turns to the Gold Cup itself at 4pm.

There's still time to unlock free bets for the festival and beyond with Paddy Power offering new customers £40 free bets when they place a £10 bet using minimum odds of even money.

Your £40 free bets will be credited as 4 x £10 free bets that can be used on Bet Builders, Accumulators, or multiples across any sport, including horse racing, football, and golf, and are valid for 30 days.

Paddy Power Cheltenham Offer Explained

Paddy Power’s Cheltenham 2026 new customer offer gives eligible players £40 in Free Bets after placing a minimum £10 Sports Fixed Odds bet on any Cheltenham market.

To qualify, you need to open a new account using promo code YHRCHV, deposit at least £10, and place your qualifying bet at minimum odds of 1/1 (2.0). The qualifying bet must be placed on a Cheltenham market.

Once the bet has settled, Paddy Power will credit 4 x £10 in Free Bet Builders, Accumulators or multiples. These free bets can be used on any sport, and the rewards stay valid for 30 days.

Paddy Power Cheltenham Offer Terms & Conditions

Here are the key terms and conditions for the Paddy Power Cheltenham offer:

• Offer: £40 in Free Bets when you bet £10 on Cheltenham
• Eligibility: New customers only
• Location: Available to residents of the United Kingdom and Ireland
• Promo Code: YHRCHV
• Minimum Deposit: £10
• Accepted Deposit Methods: Pay by Bank, Debit Cards, and Apple Pay
• Qualifying Bet: Place a Sports (Fixed Odds) bet (minimum stake £10) at odds of at least 1/1 (2.0) on any on Cheltenham market.
• Reward: 4 x £10 in Free Bet Builders, Accumulators or multiples to use on any sport
• Reward Timing: Awarded once the qualifying bet has settled
• Reward Validity: 30 days
• Best Odds Guaranteed: Does not apply to bets placed with a free bet or partial free bet
• Multiple Selections Rule: If more than one qualifying selection is in the betslip, the free bet will be applied to the selection with the longest odds
• Free Bet Winnings: Stakes are not returned with winnings, and winnings are credited to the main wallet
• Restricted Payment Methods: PayPal, Skrill, Paysafe, and Neteller deposits do not count
• Duplicate Accounts: Paddy Power may withhold free bets and winnings where duplicate accounts are used
• Operator Rights: Paddy Power reserves the right to exclude or limit the offer
• Additional Terms: Full Paddy Power terms and conditions apply

Why Bet With Paddy Power at Cheltenham Festival 2026

Paddy Power also stands out with its Paddy Power Cheltenham festival specials. These specials include tailored promotions, enhanced odds, and free bets.

I’ve personally found Paddy Power to be one of the most reliable and enjoyable bookmakers for the Cheltenham Festival. Last year, I made full use of their live-streaming feature to watch every single race in real time. Their app was user-friendly, and I loved being able to seamlessly switch between betting markets and live action.

Best Odds Guaranteed

Horse racing odds are always fluctuating and can even take a huge turn moments before a race. Paddy Power offers Best Odds Guaranteed on all UK and Irish horse racing events, making sure you always get the highest payout if odds improve after you place your bet. For example, at last year's Cheltenham Festival, I backed Slade Steel in the Supreme Novices' Hurdle at odds of 3/1. However, just before the race, his price increased to 7/2. With other bookmakers, I would have lost out of extra money but thanks to Paddy Power's Best Odds Guaranteed, I was paid out at the higher odds, enhancing my winnings.

Eliminator

Paddy’s completely free-to-play Eliminator horse racing game gives you 21 chances each day to win a massive £250,000 prize during the four-day festival. Pick 6-5-4-3-2-1 (21) runners across six races each day and if one of your selections wins in each race, you move on to the next round. By the final race, you’ll have just one selection left and if it wins, you claim the prize.

Live Streaming

Enjoy high-quality live streams for every race during the Cheltenham Festival, giving you a front-row seat to the action. I relied heavily on this feature last year and was impressed by the clarity and lack of delays. Being able to stream directly through the app meant I never missed a moment, even when I was on the go. Watching the big races live while tracking my bets made the experience much more thrilling.

Money Back as a Free Bet if Your Horse Comes Second

On select Cheltenham races, Paddy Power provides a refund in the form of a free bet if your horse finishes second. This feature saved me on several occasions last year when my horses just missed out on first place. In one race, my selected horse lost by about a nose. Thankfully, I did not lose any money over this bet and instead received my money back.

Exclusive Promotions

Paddy Power consistently rolls out new and exciting promotions for both new and existing customers throughout the Cheltenham Festival. From odds boosts to daily free bet opportunities, Paddy Power Cheltenham offers kept me coming back day after day. One of the promotions I particularly enjoyed was their free bet to use on the Cheltenham Gold Cup, the biggest race of the festival. It’s these thoughtful touches that set Paddy Power apart during major events like Cheltenham.