Cheltenham Free Bets & Betting Offers (2024)

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.