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New customers only. Register, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get £30 in Sports Free Bets & £20 in Bet Builder Free Bets within 24 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply
New customers only. Register, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get £30 in Sports Free Bets & £20 in Bet Builder Free Bets within 24 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply
Valid Today
June 15, 2026
Betfred Cheltenham Festival Free Bets and Offers
Betfred stands out as one of the most reputable and trusted bookmakers in the UK, known for its exceptional dedication to enhancing the betting experience, especially when it comes to the Cheltenham Festival. With decades of experience in the industry, Betfred has earned its place as a favourite among punters, particularly during high-profile events like Cheltenham.
As a prominent provider of horse racing markets and odds, Betfred is uniquely positioned to offer a range of exciting promotions tailored specifically for the Cheltenham Festival. Whether you're a seasoned punter or new to the festival's thrilling atmosphere, Betfred's offers are designed to maximise your enjoyment and betting potential.
This is especially the case with the Betfred sign up offer for Cheltenham, which sees new customers able to claim £40 in free bets when they bet £10. On top of this exciting new customer offer, Betfred usually offers a variety of existing user offers in which bettors can enhance their Cheltenham Festival betting experience, such as Super Extra Place Races, Free Bet if 2nd or 3rd, Best Odds Guaranteed, and more.
How to Claim Betfred Free Bets
All you need to do to claim the £40 Betfred bonus for Cheltenham is follow the steps below. After doing so, you will have registered a new Betfred account, deposited and placed your qualifying bet, and secured your £40 in free bets:
Click the ‘Claim Now' button at the top of this page to go to the Betfred sign up offer page
Register your new Betfred account
Make your first deposit of at least £10, using a Debit Card registered to you, within 7 days of registering an account. No other payment method will qualify
Place your first bet of £10 or more on any qualifying Cheltenham markets, at odds of Evens or greater (2.0+), which must settle within 7 days of registering for your account. Two or more separate bets with a combined stake of £10 will not qualify. Only your very first valid bet will count
Your £40 in Free Bets will be credited within 10 hours of your qualifying bet being settled and can be used as follows:
2 x £10 to use on any Sportsbook Markets
2 x £10 to use on Accumulators
Betfred Cheltenham Offers Explained
Betfred's bet £10 get £40 in free bets offer is perfect for Cheltenham and will provide new customers with huge value when it comes to the festival. All new users have to do is sign up using any oddschecker link, register their details, enter the promo code 'FRED40' and bet £10 on any race to get £40 in free bets.
The value of this Betfred sign up offer is huge, and will come in incredibly useful for the Cheltenham Festival. Ensure you don't miss out on this offer by following all the necessary steps above to get your £40 bonus.
Bet £10, Get £10 Every Day at Cheltenham
For 2026, Betfred has introduced an exciting bet £10 get £10 for all customers. This can be claimed by betting £10 on the first race each day! Simply opt in and place a £10 single or each way bet on the first race of each day at the festival to unlock a £10 free bet to use on the same day. The first race of each day is as follows:
Tuesday 10/03/26 - 13:20 Sky Bet Supreme Novices’ Hurdle
Betfred has selected some Cheltenham races to be classed as ‘extra place races' which means punters have a better chance to win their each-way bets. Betfred also has 'super extra place races' which offers punters even more value, with even more extra places! See which races Betfred is offering extra places on for Cheltenham this week:
Day
Time
Race
Number of Places
Tuesday, March 10
14:40
Fred Winter Handicap Hurdle
6
Tuesday, March 10
15:20
Ultima Handicap Chase
5
Tuesday, March 10
16:40
Sun Racing Plate Handicap Chase
5
Tuesday, March 10
17:20
National Hunt Challenge Cup Novices' Handicap Chase
5
Wednesday, March 11
13:20
Turners Novices’ Hurdle
4
Wednesday, March 11
14:00
Brown Advisory Novices' Chase
4
Wednesday, March 11
14:40
BetMGM Cup Handicap Hurdle
6
Wednesday, March 11
15:20
Cross Country Chase
4
Wednesday, March 11
16:40
Grand Annual Chase
5
Wednesday, March 11
17:20
Champion Bumper
4
Cheltenham Festival Betfred Free Bet if 2nd
Another exceptional Betfred Cheltenham offer that we have seen in past Cheltenham Festivals is their Free Bet if 2nd. This means if your horse finishes 2nd, you won't lose out entirely as you'll be rewarded with a free bet up to £10. This only applied to win or each-way single bets on any of the nominated races on the specified day. Your stake will then be refunded as a free bet which you can then use on another Cheltenham race. This offer is available on a select race each day. For Tuesday, it is the Sun Racing Plate Handicap Chase at 16:40.
Betfred Payment Methods
As mentioned above, Betfred will only accept debit card deposits when claiming the Cheltenham sign up offer. This means prepaid Visa's and Mastercard's, or e-Wallets will not qualify. However, once your account is set up, you can then use various payment methods to bet with Betfred. These are:
Debit Cards
VISA Fast Funds
Bank Transfer
PayPal
Skrill
Neteller
PaySafeCard
Betfred Cheltenham 2026 Offers Terms and Conditions
Here are all the relevant terms and conditions that you should be aware of when claiming the Betfred sign up offer for Cheltenham 2026:
Our general Betfred Terms and Conditions apply to this Offer in addition to the Significant Conditions below. If there is any conflict between the Significant Conditions and our general Terms and Conditions, the Significant Conditions will take precedence.
Who is eligible for this Welcome Offer?
New customers residing in the UK, Ireland and Gibraltar who are at least 18 years old.
Customers must be successfully verified by us before any Free Bets are awarded. Please see our Verification Policy for more details.
How do you get the Free Bets?
Make your first deposit of at least £10, using a Debit Card registered to you, within 7 days of registering an account with us. No other payment method will qualify.
Customers depositing using prepaid Visa’s and Mastercard’s, or e-Wallets will not qualify for this promotion.
Place your first bet of £10 or more on any qualifying Sportsbook markets, at odds of Evens or greater (2.0+), which must settle within 7 days of registering for your account. Two or more separate bets with a combined stake of £10 will not qualify. Only your very first valid bet will count.
If your bet is voided or cancelled by us, it will not count and the next valid bet you place will be considered instead.
If your account is set to euros, you will need to deposit and bet €10 to qualify.
Customers depositing using prepaid Visa’s and Mastercard’s, or e-Wallets will not qualify for this promotion.
What will not qualify?
Bets placed using Free Bets.
Bets on Totepool and Virtual Sports.
If you CashOut your qualifying bet.
When will you be credited with your Free Bets?
Your £40 in Free Bets will be credited within 24 hours of your qualifying bet being settled, and can be used as follows:
2 x £10 to use on any Sportsbook Markets.
2 x £10 to use on win-only Accumulators.
Crediting may be delayed if additional documentation is required.
Are there any other limitations you should know about?
Free Bets cannot be withdrawn as cash and will not form part of any winnings returned.
Accumulator Free Bets cannot be used on each-way accumulators.
Free Bets cannot be used on Virtual Sports.
Free Bets cannot be used on Combination Forecasts, Tricasts, and Combination Forecast Doubles & Trebles bet types.
Any unused Free Bets will expire 7 days after issue.
One welcome offer per address/IP address/device or mobile number. Previous account holders are not eligible for the offer. Anyone opening a Betfred.com account that has previously held an account with us that is closed does not qualify for the offer.
In the event of a dispute, the decision of the Betfred Management Team will be final and based on our Terms and Conditions.
Betfred Cheltenham Bonus Codes
New Betfred customers must enter bonus code 'FRED40' when claiming this Betfred sign up offer for Cheltenham. As long as you enter this code correctly and use the links on this page to sign up and place your qualifying bet, you will be eligible to claim the £40 Betfred bonus.
As for other offers mentioned such as Super Extra Places, or the bet £10 get £10 offer, there is no need to enter a specific bonus code as these are available to all Betfred customers.
Tips to Maximise your Betfred Offer During Cheltenham Festival
There are a few tactics and strategies that you can employ to make the most of your Betfred free bets for Cheltenham. As we know, users are slightly limited in how they can use their £40 free bets with Betfred as £20 is credited as 2 x £10 to use on Accumulators (4+ selections). Nevertheless, there is still plenty of value to be had with these free bets.
The 2 x £10 free bets that can be used on any market give you flexibility to bet across various Cheltenham races. Essentially, you can use them however you like, but there are some things to look out for to ensure you are making the best possible decisions before placing your bets. For example, you could focus on key Cheltenham races like the Champion Hurdle, the Gold Cup, or the Queen Mother Champion Chase, where form guides and analysis are abundant. This helps you make informed decisions and ensures you don't waste any bets by backing horses blindly.
Secondly, you can check for any enhanced odds or festival-specific promotions that Betfred offers, such as extra places. Using your free bets on boosted odds markets can increase potential winnings without extra risk.
As for the 2 x £10 free bets for accumulators, you can boost your odds by placing some high-risk but high-reward bets. To give you a theoretically better chance of winning these accumulator bets, it's an idea to include some strong favourites with lower odds to anchor your bet and increase your chances of success. Then, you can add one or two horses with higher odds for a boosted payout.
You can also take advantage of Betfred's Super Extra Place races with accumulators. Use these to pick horses with decent place chances as part of your accumulator to have a greater chance of winning.
Comparing Betfred Free Bet Cheltenham Offers to Competitors
The Betfred Cheltenham sign up offer puts them in a prime position leading up to the Cheltenham Festival due to the generous bonus, in what is a competitive market for one of the biggest sporting events of the year. Let's take a look at how the Betfred offer compares to its competitors:
William Hill Cheltenham Sign Up Offer: Bet £10 get £40 in Free Bets
William Hill is offering a very generous bonus of £40 with a £10 qualifying bet, which is the same as Betfred's offering. Both promotions offer fantastic value, and both are certainly worth signing up for.
Sky Bet Sign Up Offer: Bet £1 get £50 in Free Bets
The Sky Bet Cheltenham sign up offer provides fantastic value in that new users get £50 in free bets with a qualifying bet of just £1!
Paddy Power Cheltenham Sign Up Offer: Bet £10 get £60 in Free Bets
Paddy Power, a fantastic bookmaker for horse racing and the Cheltenham Festival, is offering a higher bonus than Betfred with £60 in free bets with a qualifying bet of £10.
Why Choose Betfred for Cheltenham Betting
Betfred is a leading bookmaker for Cheltenham betting, offering outstanding promotions, a trusted and secure platform, and a generous sign-up offer to kickstart your festival experience. With Betfred's Bet £10, Get £40 free bets offer, which provides exceptional value for your initial stake, and with a bit of luck (or skill) you can boost your bankroll a huge amount. By placing a qualifying £10 bet, you unlock £40 in free bets to use across horse racing markets and accumulators.
Beyond the sign-up offer, Betfred has enhanced the festival experience in the past with Non-Runner No Bet (NRNB) protection on all Cheltenham races, ensuring your stake is returned if your horse doesn't run.
In February 2026 NRNB was once again confirmed by Betfred, which is available on all 28 races. Additionally, their Best Odds Guaranteed means you'll always be paid out at the higher price if the Starting Price (SP) exceeds the odds you originally backed.
Betfred also offers extra places on selected races, and multiples-friendly promotions, making it easy to find value during the festival. Their intuitive platform, complete with live streaming and detailed racecards, ensures you can place informed bets with ease.
Betfred Cheltenham NRNB (Non-Runner No Bet)
Bookmakers that offer NRNB for Cheltenham normally announce this at the start of the year and in February 2026, Betred kept up its tradition of providing NRNB on all 28 Cheltenham Festival races.
Many horses are entered into multiple races at the Cheltenham Festival, with their target races not always clear. This leads to trainers choosing not to run their horse in particular races, which can cause confusion and frustration to bettors who have placed bets with bookies not offering NRNB.
Betfred Cheltenham Betting Markets
There are plenty of Cheltenham betting markets with Betfred, which will come in especially useful for those claiming the Betfred sign up offer for the festival. Let's dive into some of those markets available:
Betfred Cheltenham Win Markets
This is a market that all bookmakers will offer and is the most common betting market for general horse racing betting. It is easy to understand as you are simply betting on your selection to win.
Betfred Cheltenham Each Way Markets
Each way markets are another essential for all reputable bookmakers and Betfred is certainly one. They provide plenty of each-way options for Cheltenham, and when paired with their Super Extra Place races, users can win more than ever. This will give you a better chance of seeing some sort of return as the more places are made available, the better your chances of winning.
Placing accumulators and multiples with Betfred is simple and effective, as you can enhance your winnings with these high-risk, high-reward bets. You are also required to spend a portion of the £40 bonus on accumulators, which is handy as Betfred's offering is fantastic.
You can do this by adding multiple Cheltenham selections to your Betfred bet slip and selecting the multiple bet option. This will provide greater odds than if you were to bet individually on each horse. Your accumulator can be win only or each way, which means you will either require each horse to win or place for the overall bet to be successful.
Betfred Cheltenham Cover Bets
A cover bet is a popular wagering strategy in horse racing, and on Cheltenham, where you place multiple bets on the same horse to reduce risk or improve your chances of a return. This approach helps to offset any potential losses by ensuring at least one bet is likely to pay out. For example, you might place a bet on a horse to win while also placing a separate bet for the same horse to ‘place.' If the horse doesn't win but finishes in second or third, the ‘place' bet provides a payout, helping to cover your overall stake.
Betfred Cheltenham Forecast, Tricast Markets
Forecast and Tricast markets are available for Cheltenham with Betfred and allow the users to boost their winnings by predicting the top two (forecast) or three (tricast) finishers for a given race. Betfred is a fantastic bookie to do this with, as they will pay you a 10% cash boost if you successfully win a Tricast bet on Cheltenham.
The risk-reward is greater with these types of bets, but Betfred makes the reward even bigger with their Cheltenham Tricast promotion.
Betfred Cheltenham Special Markets
Special markets are a great way to bet on something a little different, and Betfred normally provides plenty of these for the Cheltenham Festival. These will include top jockey, top trainer, among others. Specials markets will become clearer as we approach the Cheltenham Festival.
Exclusive Betfred Features for Cheltenham Bettors
There are also a number of features that Betfred provides its users for the Cheltenham Festival, which make the overall betting experience a good one. Features such as live streaming, in-race betting, and best odds guaranteed.
Betfred Cheltenham Live Streaming
Horse racing live streaming is a feature that all the best bookmakers have, and Betfred's offering for the Cheltenham Festival certainly lives up to expectations. The Betfred app has a live-streaming feature that you can use for horse racing, including the Cheltenham Festival. The only caveat is that you must have at least 1p in your balance and have placed a bet within 24 hours of the race you are trying to watch live.
Betfred Cheltenham In Race Betting
Betfred users can place bets during any Cheltenham race, with odds constantly refreshing to ensure they keep up with the action. The livestream feature comes in especially handy for this, as you can place well-informed bets based on the race you are watching. Users will see a list of runners for each race, including information such as their latest odds, silks, and numbers, making it easy to bet in-race, which will come in incredibly handy for Cheltenham.
Betfred Cheltenham Best Odds Guaranteed
Betfred will be offering their Best Odds Guaranteed promotion for the Cheltenham Festival, as they have done for the whole season. This means punters will get the best price in selected UK or Irish races after 8am on the day of the race. If the Starting Price (SP) of your selection is shorter than the price taken when you placed your bet, you'll get paid at your original price. However, if the Starting Price of your selection is bigger than the price taken, you'll get paid at the bigger price.
Cheltenham 2026 Schedule & Key Races
The Cheltenham Festival is expected to welcome over 250,000 spectators across four days of world-class jump racing, with the event set to take place between Tuesday 10 – Friday 13 March 2026.
Here we will answer any frequently asked questions surrounding Betfred and the Cheltenham Festival:
How many places are Betfred paying out on?
On most races, Betfred will pay out for the top three places, however, there will be select Cheltenham races that Betfred will offer more places. In this case, there would be four or five places, but this will also depend on how many runners there are.
Does Betfred have a welcome bonus?
Yes – Betfred has a particularly enticing welcome bonus where new users can get £40 in free bets with a £10 qualifying wager. The £10 bet must be placed on any market with minimum odds of Evens or greater, and the free bets are credited as 2 x £10 to use on any Sportsbook Markets and 2 x £10 to use on Accumulators.
How do I get my winnings from Betfred?
Withdrawals can be made using the following payment methods: Debit Cards, VISA Fast Funds, Bank Transfer, PayPal, Skrill, Neteller, or PaySafeCard. All withdrawals are subject to security and other validation checks which can take up to 48 hours to be processed.
