In an ideal world we would win every bet, but what happens if you lose at Cheltenham? Let's look at Cheltenham Money Back Specials.
Generally, the answer to 'Do you get your money back if your horse loses' is no. If you place a bet and it loses, you are typically out of luck, but that isn't the case at Cheltenham.
Bookmakers are so keen to get your action during the 2024 Cheltenham Festival, that they are offering Money Back Specials in certain races. Whether you are a new or existing customer, different bookmakers are offering multiple ways to get your money back for a losing bet at Cheltenham.
Now, in an ideal world, you are going to win this week, and not need to worry about losing bets, but we all know that even the shortest-priced favourites can be beaten, so what is the best way to avoid that?
Let's look at the latest Money Back promotions available to oddschecker readers.
Best Money Back Specials for the Cheltenham Festival
Money Back Specials offer you a great way to bet stress-free on the Festival so that you actually enjoy placing your bets in each race.
Here is a list of bookmakers offering Money Back promotions for Day 1 of the Festival and beyond, so that you know where to place a stress-free bet.
- Sky Bet - Bet £5 and Get Your Money Back as CASH if Your Horse Loses the First Race
- Paddy Power - Get up to £50 Back as Free Bets if Your Horses Lose at Cheltenham
- Planet Sport Bet - Get 50% of Your Stakes Back as a Free Bet if Your Horse Loses
- Virgin Bet - Bet £10, Get £20 + Money Back on First Race at Cheltenham
- BetGoodwin - 50% Back as Free Bets up to £25 on First Day Losses
- Matchbook - Bet £50 on State Man, Get £50 Back as a Free Bet if it Loses
- Betway - £30 Matched Free Bet if Your Acca Loses at Cheltenham
- BetMGM UK - Money Back up to £20 as a Free Bet on the First Race Daily
Above, you have a comprehensive list of Cheltenham offers, all of which offer you money back if your first bet loses. Some though are new customer offers, and some are for existing users, and we will break them down into each category below.
Best Money Back Specials for Existing Customers at Cheltenham
Sky Bet
Sky Bet are offering all users the chance to bet up to £5 on the first race at Cheltenham each day, knowing they will either win or get their stakes back as CASH!
Take the Supreme Novices' tomorrow as an example. You can bet £5 on ANY runner to win, and either cash a lovely bet, or get your £5 bet back as cash. Normally in these money back offers, you get your stakes back as a free bet, but Sky Bet are truly refunding your money if you lose.
An example of using this special is simple. Bet £5 on Jeriko Du Reponet tomorrow, and if it wins, you will win £37.50. Lose, and you will get your £5 back, which you can then use on the next race. The beauty of this offer is, that you could also withdraw the cash as it is yours, it is not a free bet.
Max refund £/€5. First bet only. Win singles or win part of each way singles only. Free bets and cashed out bets excluded. Best Odds Guaranteed does not apply. Minimum runner stipulations apply. Eligibility restrictions apply. Further T&Cs.
BetMGM
BetMGM, not content with matching Sky Bet, are offering you the chance to bet £20 on the first race tomorrow and give you your money back if you lose. The difference between this and the Sky Bet offer is that you will be getting your money back as a free bet instead.
Still, if you are looking to place a larger bet on the first race each day, to set you up for the rest of the day, then this BetMGM UK offer might be the best on the market.
Money back as a free bet daily on the first race (13:30) at Cheltenham Festival. Max Free Bet up to £20. Free Bet to be placed on Horse Racing. T&Cs apply. 18+ BeGambleAware.org.
Best Money Back Specials for New Customers at Cheltenham
Paddy Power
Paddy Power's new customer offer is a generous one. You can place a maximum bet of £10 on a race, and get your money back as a free bet if you lose.
You can do this up to five times during Cheltenham week, which means you are covered up to £50 during the Festival.
You must bet one horse at a time, so if you bet in race 1 tomorrow and your bet loses, you will then qualify to bet again, and so on. You cannot place five bets at the same time and be covered on all.
Despite you getting your money, please only make sure you bet what you can afford to lose, as your stakes will be returned as free bets rather than as cash.
Place 5x£10 Sportsbook bets on any Horse racing market at minimum odds of 2.0 (Evs), and get money back as a Free Bet if it loses. Max refund per qualifying bet is £10 (up to £50 in total). Only deposits made via Cards will be eligible for the promotion (Apple Pay excluded). T&Cs apply 18+ begambleaware.org
Betway
Betway are offering you the chance to place an ACCA of up to £30 during the Cheltenham Festival, and giving you a matched bet if you lose.
This means you are essentially getting two shots at a 30/1 acca during the Cheltenham Festival. The minimum odds requirement is only 2/1, and you only have to pick three horses to qualify for the Money Back, so you could put State Man, Lossiemouth, and one other horse in a treble to qualify for this offer.
A £30 treble on State Man, Lossiemouth and Corbetts Cross tomorrow pays 6.46/1, so you could win £193.84 with your Acca Bet, or get your stakes back as a matched bet, with Betway.
Betfred
- Huge range of regular promotions
- 24/7 live chat service
- PickYourPunt builder for custom bets
