Cheltenham Free Bets & Betting Offers (2023)

Types Of Cheltenham Offers and Free Bets

One of the biggest and most competitive jumps meetings globally, the Cheltenham Festival is here with us and we have collected a list of exclusive Cheltenham Festival free bets & betting offers for new and existing customers.

As you would expect, UK’s popular betting operators have prepared their platforms to give their customers an exciting betting experience.

We have taken the trouble to go through all the licensed UK betting operators to bring you this review of the best betting offers for the upcoming Cheltenham Festival. We will elaborate on the different types of Cheltenham betting offers and detail the five best betting platforms we believe offer the best offers.

Stay tuned, and you will be sure to find not only a ton of offers but plenty of variations as well. For bettors, this might just be Christmas extended.

Having gone through all that is up for groups for punters who wish to bet on the Cheltenham Festival races, here is a breakdown of the available betting offers from the popular UK betting sites.

Free Bets

The free bet is a popular Cheltenham Festival betting offer, especially for new customers. Although it is widely referred to as a free bet, you will need to spend some of your funds to get this offer — you must deposit a specified minimum amount into your betting accounts to place a qualifying bet and claim the offer.

That said, despite having to spend your money, you will receive a free stake after the settlement of the qualifying bet. You can then use the free stake to bet by following the terms and conditions pegged to the offer.

As a bettor, you will need to understand your bookies’ T & C on Cheltenham free bet offers before choosing one to sign up with. This betting strategy enables you to minimise funds spent while maximising the customers' offers when betting on your fancied Cheltenham festival events.

Huge Odds Boosts

If you don’t find a free bet offer, you will likely encounter unusually huge odds on the Cheltenham Festival favourites, which is regarded as a borderline unbeatable offer. However, be keen on the maximum stake as most bookies usually limit the stake you can wager on using the inflated odds. 

It is also important to note that the winnings from inflated odds betting events are paid out as a free bet in most cases.

Cash Back Bets

The cash back bets are a new favourite for bookies trying to entice their customers. Unsurprisingly, you can expect bookies to offer a lot of cash back betting offers to punters wagering on the Cheltenham Festival events. 

In a cashback offer, the bettor is required to bet on the Cheltenham Festival events, and if they lose their bet, the bookmaker refunds the wagered stake. This refund can either be in cash or a free bet. Typically, bookmakers will cap the refund at a maximum amount. 

Bet-Through-The-Card Offers

Some Cheltenham Festival betting offers are also event-specific. One of the interesting Cheltenham betting promotions is the bet-through-the card offers. This is an easy-to-grab betting offer as it only requires you to place a bet on the first race of any given day during the Cheltenham Festival. In return, you will get a free bet for every other race that takes place on that particular day. 

With a modest first bet, you will be set to a full day of betting during the festival without an additional deposit. However, the maximum free bets might be capped at a given number, depending on the terms and conditions. In many cases, you will have 6 free bets as this is usually around the same number of races that can take place for the day at the Cheltenham Festival. 

Ambassador-Related Offers and Promotions 

Bookmakers are also coming up with customised brand-specific Cheltenham betting offers for their new punters. One of these is the ambassador related offers and promotions. Popular and well-established bookmakers in the UK have brand ambassadors in the racing world. They usually team up with jockeys and trainers to surprise fans with impressive content. 

These promotions may include insightful content such as Unibet’s blog that shakes up the news cycle and Betfair’s readers’ access to the thoughts of Olly Murphy, Gordon Elliot, and Paul Nicholl. Bettors can use these insights in improving their Cheltenham Festival betting strategy. 

Acca Insurance

Ever heard of a bettor’s insurance? If you haven’t, you will be quite fascinated by the Acca Insurance betting offer, which offers you a safety net when placing an accumulator bet. If a single horse makes you lose an accumulator bet in this betting offer, the bookie returns your stake. You can then use it as a free bet.

Faller Insurance

Horse racing betting is just as unpredictable as a football match. This makes faller insurance a significant offer for punters across the horse racing world, especially during the Cheltenham Festival.  

The Faller insurance Cheltenham betting offer returns your staked amount in the form of a free bet if the horse you bet on falls during a race. You might want to keep an eye on this offer to protect your stake as this year’s March indoor Cheltenham Festival might surprise even the most favourite horses. 

Lucky 15/31/63

The Lucky 15 (or 31/63) is an interesting betting offer if you are not a ‘’win all or nothing’’ kind of bettor. In this bet, your wager includes 4 selections comprising of 4 singles, 4 trebles, 6 doubles and a 4-fold accumulator. If all the selections win, you are in for a jackpot. Even better, you still stand to gain even if only a single selection passes the post first.

Cheltenham Festival Offers for Existing Customers

Are there any exciting offers for existing customers? While most available offers are only eligible for new customers, some bookies offer Cheltenham Festival betting offers for existing customers.

After thorough research, here are the types of betting offers existing customers can take advantage of the types of betting offers when betting on various races in the Cheltenham Festival.

Extra Each-Way Places

We recently noticed that each-way bettors can now have up to 7 places — initially, the standard was only 4 places for each-way betting. Therefore, existing customers can look to enjoy the extra each-way places for the upcoming March festival.

Money-Back Specials

Various betting operators across the UK offer money-back specials to existing customers for the Cheltenham Festival horse races. This offer is offered on the first race of every day of the festival. You can get your money-back offer either as a free bet or cash once the event occurs. The event could be; your horse falling, coming in second to the favourite starting price or even coming in at 3rd or 4th place.

Non-runner No-Bet Special

No-runner no bet is a special Cheltenham betting offer existing customers can also enjoy. This betting offer was pioneered by the Bet365 betting firm at the Cheltenham Festival big 5 races. These big 5 races include;

• Unibet Champion Hurdle
• Ryanair Chase
• Betway Queen Mother Champion
• Paddy Power Stayers’ Hurdle 
• Cheltenham Gold Cup.

Bettors who bet on horses that fail to make it to the race will have their stakes returned to them. 

Cheltenham Ante-Post Offers

If you wish to lock in good value early enough, the ante-post betting offer is perfect for you. In this type of offer, you have the privilege of betting on future Cheltenham races. Cheltenham ante-post offers are found on Paddy Power, Ladbrokes and William Hill betting platforms.

Tote Betting on Cheltenham

The Cheltenham Festival offers punters plenty of betting offers that are not available in any other sportsbook betting. A perfect example is the tote betting offer that can allow existing customers to select a series of winners across the day during the Cheltenham Festival. The selection is put into a prize pool that is split between the punters with the highest number of winning selections.

Horse racing tote betting is available on several betting sites including Quinnbet, Betfred, William Hill, Ladbrokes and bet365 to name a few.

Tips on How to Use Cheltenham Betting Offers

Cheltenham betting offers are up for grabs from various bookmakers — punters should take advantage of these offers to maximise their profits. Here as tips to consider when using Cheltenham betting offers;

Maximise Sign Up Offers

As a new bettor, you have the best chance to maximise the high-value sign-up offers provided by different bookies. Since no law prevents you from signing up with more than one bookie, you are at liberty to register with as many bookies as you like. As long as you have enough funds to pay for the first deposit in all the accounts you open with the bookmakers you’ve selected, you’re set to go.

Signing up with various bookmakers will enable you to enjoy all the welcome bonuses offered by each of them then use these bonuses to bet on available markets for the Cheltenham Festival.

Take Advantage of Ante-Post Betting at Cheltenham Festival

Ante-post offers let punters wager on runners prior to the races line-ups. To get the most out of this Cheltenham betting, we recommend placing bets with bookies such as Bet365, which offers No Runner No Bet. This will allow you to get a refund of your stake if the horse you’re backing doesn’t make it to the race.

You can also place the ante-post bets with bookies who provide Cheltenham Faller Insurance betting offers. This also guarantees cashback if the horse you backed to win falls during the race.

You should also keep the following in mind for ante-post betting at the upcoming festival:

• If you choose to use ante-post betting offer, you might be ineligible for other Cheltenham offers such as best odds guaranteed. Ante-post bets have the price set in stone in many cases. 
• Before placing ante-post bets, pay attention to the each-way odds offered. This is because different bookies payout different odds for placed finishers.  
• If you’re considering placing ante-post bets, do so as early as now when the odds offered are still attractive — odds offered in previous Cheltenham Festivals tend to shrink as the event draws closer. 

How to Make the Most of Tote Betting at Cheltenham

For punters who wish to claim the Cheltenham tote betting offers, you will be glad to know that there are various markets to exploit. These include the toteplace, totewin, totetrifecta and toteexacta. Tote betting is a darling of many in horse racing. You can take advantage of this type of betting by signing up with a bookmaker with a good reputation for tote betting, such as Betfair and Paddy Power. 

Another important consideration is to look at each-way alternatives on high profile Cheltenham races instead of backing the SP favourite.