The best Cheltenham free bet offers just for you
Last updated & tested: 2019-05-18
Welcome to our guide to Cheltenham free bet offers. We’ll explore bookmaker’s free bets and best odds to help you get some great deals at the Cheltenham festival.
The Cheltenham Gold Cup first ran in 1819. Originally it was a flat race, but in 1924 a decision was made to incorporate jumps. It has run almost every year since, with cancellations for extreme circumstances such as flooding, disease and WWII. Next year’s event takes place on 16th March, 2018 and has already gained lots of interest. Let’s get ahead of the pack with the OpenOdds guide to Cheltenham offers, today.
Cheltenham free bet offers: What you need to know
If you’re hoping to make a wager on the Cheltenham horse racing festival, how do you take advantage? Signing up with bookmakers for free bets and welcome bonuses is the way to go. Bookmakers such as William Hill, Paddy Power and Ladbrokes should offer a free bet or two. Paddy Power, for example, are currently offering £30 in free bets to spend on any sports markets you like. These come in the form of 3 £10 bets, meaning you can place a couple of wagers on horse race betting and another on football, for example. Most of these bets have use by dates attached, so it pays to sign up nearer the time of the event. Sky Bet, for example, give players 30 days to use their £10 free bet bonus. By signing up later, you could use the deal for a Cheltenham free bet.
Other great offers to try
What if you’d prefer to use your free bet bonuses now? Well, you could do that easily. Many players use free be offers to take advantage of matched betting (where you bet for and against and event happening). If done correctly, matched betting can help you build up a decent bankroll for larger bets. These bets can be placed with bookmaker’s recurring bonuses. Take Betway. Once you’ve signed up with Betway you can earn up to £100 as free bets using their welcome offer. You decide to use this for matched betting. But after your free bets have gone you can take advantage of Betway’s other offers. For one, the bookmaker guarantees the best horse racing odds around, meaning you don’t have to trawl the web looking for the best returns. These permanent great odds can also be used in the ITV Racing 4/1 offer. If you back a winner at 4/1 or above, you’ll receive a free bet back too. They also offer this great deal on feature races too, not just ones on ITV.
Betfair guarantees fantastic odds, making them another viable contender. At the minute they’ve not put specific Cheltenham free bet offers on their website, but they do have a fun free bet promotion. To qualify, you need to back a winner of 3/1 or more on ITV or ITV4 races. The bet pays up to £25. They also have a fantastic £5 free bet when you use their exchange for the first time, too.
Putting it all into practice: Cheltenham offers from A-Z
Wondering how you can turn those Cheltenham free bet offers into cash? It’s not easy and can be influenced by many factors. Location, budget and payment providers all play their part in choosing your bookmaker. Here are the most popular payment options offered by bookies.
Credit or debit card
The most used method of payment. Credit and debit cards payments are protected with a security code on their reverse. Their details are also encrypted on a bookmaker’s website, adding an extra layer of protection. Minimum payments start at £10, and hit your account instantly.
Payments can be sent instantly from e-wallets like Neteller, Skrill and PayPal. Neteller and Skrill are more commonly used than PayPal for bookmaker transactions. If paying by PayPal, your deposit is protected by PayPal as well as the card provider. Minimum payments are usually around £10. Do bear in mind that charges may apply for withdrawals using these methods.
Unlike e-wallets and card payments, bank transfers take 3-5 days to clear, making them the slowest payment method. They are fully traceable, though, which makes them safe. Larger sums can be withdrawn to bank accounts, making them a great choice for jackpot wins.
What are the odds for the Cheltenham Gold Cup?
Bookmakers are already lining up odds for the Cheltenham Gold Cup, which is one of the most successful horse racing events in the world. Odds represent the probability of a horse winning. They can be displayed in fraction form, e.g. 2/1, 3/1, or written in decimals (1.50), (3.90). The higher the odds, the less likely the bookmaker thinks the horse will win. While “to 1” odds are common, odds can be written in any fraction, so, 2/5 or 9/4, can also found.
Odds vary depending on the bet you place so be sure to use a betting comparison resource to maximise your winnings. A 5/1 bet on a win will give you 5x your stake if it wins. But bet each-way and that 5/1 bet will pay out less if your horse finishes in a place. How much is paid out depends on how many places your bet pays out on. With the Cheltenham Gold Cup, there are currently 53 horses for next year’s race, so place bets will be paid out on 5 places. That 5/1 odds will be divided by 5. This means a £10 bet on a win will give you £60 back (£50 and your £10 stake). That same £10 will give you £43.33 return on each way.
Confused? We understand. Check out our horse racing guide for dummies to help improve your knowledge!
The best Cheltenham free bet operators
|Max. Wert||Bonus Type||Details||Get the Bonus|
|1||100 / 100||30||£30 FreebetT&Cs apply, 18+||Betway bonus|
|2||99 / 100||25||Claim your £25 bonus with bonus code OPENODDST&Cs apply, 18+||Novibet bonus|
|3||98 / 100||30||£30T&Cs apply, 18+||MoPlay bonus|
|4||98 / 100||30||Bet £10 Get £30T&Cs apply, 18+||888 bonus|
|5||97 / 100||30||Matched bet of up to £30T&Cs apply, 18+||Coral bonus|
|18+. UK+IRE only. Paypal & some deposit & bet types excl. Min first bet £10 a odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £30 credited as 3 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days. Free bet stake not returned. 18+ T&Cs Apply."|
|6||96 / 100||£100||Bet £50 and Get £50T&Cs apply, 18+||Betfair bonus|
|7||95 / 100||30||£30 insuranceT&Cs apply, 18+||Genting-Bet bonus|
|£30 First Bet Insurance: New customers only. Qualifying period ends 23:59 GMT on 31/12/19. A qualifying bet is a losing first settled real money single bet of at least £/€10 or more (at odds of evens (2.0) or greater (or a multiple where each selection is at odds of 2/5 (1.4) or more. Only losing win single part of an E/W bet will qualify. Free bet equal to your qualifying stake(Max £/€30) will be credited within 24 hours of qualifying bet settling and must be used within 14 days. Free bet stake not included in returns. Terms and conditions apply, 18+.|
|8||94 / 100||100||£100 in bet creditsT&Cs apply, 18+||Bet365 bonus|
|New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.|
|9||94 / 100||£10||10T&Cs apply, 18+||Mobilebet bonus|
|10||93 / 100||30||Bet £10 get £5 free!T&Cs apply, 18+||William-Hill bonus|
|11||92 / 100||£100||£100 Matched DepositT&Cs apply, 18+||Mr-Green bonus|
|12||91 / 100||50||Fantastic £50 welcome bonusT&Cs apply, 18+||Bethard bonus|
|13||90 / 100||£10||£10 Free BetT&Cs apply, 18+||ComeOn bonus|
|14||89 / 100||30||Get your €30 bonus!T&Cs apply, 18+||BetVictor bonus|
|15||88 / 100||£200||100% matched bonusT&Cs apply, 18+||TonyBet bonus|
|16||88 / 100||£100||Up to 100% winnings boostT&Cs apply, 18+||32Red bonus|
|17||87 / 100||£30||£30 Money BackT&Cs apply, 18+||Unibet bonus|
|18||85 / 100||£10||£10T&Cs apply, 18+||Grosvenor bonus|
|19||84 / 100||50||50£ FreebetT&Cs apply, 18+||Ladbrokes bonus|
|20||81 / 100||£50||50% bonus up to £50T&Cs apply, 18+||Mansion-Bet bonus|
How to use the free bet bonuses for horse racing
Imagine that the Cheltenham festival is upon us and you’re after a great deal. You decide to check the OpenOdds horse racing guide. Here you’ll find a list of the top bookmakers’ offers and handy tips to get you started with horse racing bets.
You choose your preferred bookmaker from the list (we’ll use William Hill) and take advantage of their sign-up offer giving you £30 of free bets after betting £10. You type in the promo code C30 to qualify and deposit £10. Free bets must be used in 30 days and your qualifying bet must be on odds of 1/2 or more.
You make your qualifying bet on Samcro in the Albert Bartlett Novices’ Hurdle. The horse wins at 5/1 and so you pocket £50 profit. More importantly, your 3 free bets hit your account. They can’t be used on each-way bets. You put one of the £10 free bets the test on the following race, the JCB Triumph Hurdle on Apple’s Shakira at 4/1 to win. The horse comes 3rd, but because you can’t bet each-way, you lose your free bet.
Finally, the time comes to bet on the Gold Cup. You’re torn between Douvan and Might Bite. Douvan is offered at 7/1 and Might Bite is 5/1. You’ve got 2 free £10 bets left, so you place one on each horse. The race gets under way and Douvan comes out on top. You receive £70 back and your stake is kept by the bookmaker.
Who looks like a good contender for first place?
Wondering which horses are running in the Cheltenham Gold Cup? Here’s our rundown of the runners and the best online bookmakers to place your bets on the historic race.
Option 1: William Hill
We’ve already talked at length about William Hill, so you know that they’re offering odds on the whole of the Cheltenham Festival. Fox Norton is currently favourite for the Ryanair Chase on the 3rd day of the festival. Strong in chases and hurdles, the 7-year-old is currently offered at 4/1. He’s had wins under his belt at Aintree, Punchestown and Cheltenham this year. Could it be more Cheltenham success for the gelding? Only time will tell.
If you’re looking for odds for the main event itself, the Gold Cup, there are some tempting odds on Bristol De Mai (8/1), Djakadem (12/1) and the 7-year-old Bay horse, Sizing John. If that name rings a bell, it probably should. He was the winner of the Cheltenham Gold Cup last year and the Irish Gold Cup, too. The first horse since 1996 to hold that honour.
Option 2: Paddy Power
Paddy Power may know something we don’t know when it comes to the Gold Cup. While most bookmakers have ranked Minella Rocco at higher odds, they’ve pitched low at 12/1. The 7-year-old horse was trained by Jonjo O’Neill, one of the most successful trainers of all time. Do they have a chance, or is Paddy Power just feeling patriotic as the horse is Irish bred? We don’t know, but we’ll be watching closely as March ticks around.
Paddy Power has a sterling reputation in Europe. It was established in 1988. Stock exchange listing came later. Since merging with Betfair, it is now one of the largest betting providers in the UK and Ireland. They’re currently offering a similar welcome bonus to William Hill, giving players £30 in free bets after betting £10. These are split into 3 £10 bets and can be used on win and each way bets.
Option 3: Betfred
Betfred was founded in 1967 by brothers Peter and Fred Done. They’ve created their own bet (the Lucky 15) which was since adopted by bookmakers worldwide. They were also sponsors of the Gold Cup between 2012-2015, so they know a thing or two about the event.
Betfred have a huge sign up offer where you bet £10 and receive £60 in free bets. £30 is for the sportsbook, the other £30 for the casino. You can use the sports bets on any sporting event, horse racing included. So, who else might be worth a bite in the Gold Cup? Well, Yorkhill has odds of 7/1 at Betfred. There’s also the outsider Native River. Offered at 12/1 Native River is a horse that fancies good to soft ground. Earlier this year he came respectable third in a 3m, 2f race at Cheltenham after a solid ride from R Johnson.
Cheltenham offers under scrutiny
We’ve reached the end of our Cheltenham offer guide, searching out the best in the runners line up for at the historic horse racing festival. And boy, is there lots of choice. With all the great horses taking part, you’ll need some extra bets. That’s where the free bet offers come in. Some of the largest bookmakers in the industry have already set out their Cheltenham stall, offering bets and welcome bonuses to tempt a saint. Be sure as always to check out the OpenOdds guide to horse racing to make sure that you get the best deals for you.
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- Cheltenham Gold Cup betting tips
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- Best Cheltenham Gold Cup betting sites
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