Betfred are running one of the most valuable Cheltenham welcome offers as new users can claim a £40 free bet bonus for the 2026 Festival, while existing customers can claim a £10 free bet by betting on the first race of each day.
First, new customers can secure £40 in free bets by depositing and staking just £10 with Betfred, with these free bets available for use across their entire sportsbook, including Cheltenham Festival.
Users can’t use the Betfred welcome offer in conjunction with other promos on the betting site.
The Betfred Cheltenham free bets come in the form of two straight sports free bets and two tokens for use with accumulator bets – all of which are £10 tokens.
Once signed up you can enjoy the wide range of Cheltenham offers for existing customers too. This includes the bet £10 get £10 free bet offer for the first race of each day at the 2026 Cheltenham Festival.
This is our guide to maximising all the Betfred Cheltenham offers available in 2026.
What is the Betfred Cheltenham offer?
The Betfred Cheltenham offer is a standard ‘bet and get’ promo and is one of the best value welcome offers on the market, with customers receiving £40 in free bets once they deposit £10 and place a £10 bet online.
The Betfred welcome bonus has a low odds threshold, requiring a bet on a market with evens or greater to unlock the welcome bonus.
A £10 deposit and bet is also fairly low by industry standards.
There are few stipulations regarding the Cheltenham bonus, you don’t even need to bet on horses.
But, new customers must use either a debit card, bank transfer or Apple Pay to make their first deposit.
However, free bets are available to use on all sports and are paid within 10 hours of settlement of your qualifying wager.
Cheltenham free bets are paid out as 4x £10 tokens and are available to use on horse racing. 2 x £10 are straight sports bets, while the other 2 x £10 are reserved for acca bets. All can be used on the 2026 Cheltenham Festival.
Free bets expire within seven days, which is standard across most UK bookmakers and betting apps.
Betfred day three Cheltenham free bets existing customers
Existing customers can claim the Betfred Cheltenham offer worth £10 in free bets for betting on the first race of day three at the 2026 Cheltenham Festival, the Ryanair Mares’ Novices’ Hurdle (1.20).
To qualify, customers need to opt-in on this Cheltenham betting offer via the promotions page before placing a £10 outright bet or £5 each-way bet on Thursday’s opening race.
Once the qualifying bet has settled, customers will be credited with a £10 free bet to use on Cheltenham Festival on the remaining races on day three.
Is there a Betfred bonus code for Cheltenham 2026?
Yes. New customers must use the Betfred promo code FRED40 to unlock the Betfred Cheltenham sign up offers.
You will be asked to enter this code during the registration process after clicking here or any other Betfred links within this article.
Betfred Cheltenham promos and features for Cheltenham
Betfred are one of the best horse racing betting sites in the business.
They have competitive Cheltenham odds and will be running some kind of offer in conjunction with all 28 races at this year’s festival. That could be cash back if second, extra places, enhanced odds or winnings boosts. Here’s a run through what to expect.
Cheltenham 2026 NRNB – For its Cheltenham non runner no bet promotion, Betfred offer customers their money back as cash if runners do not compete in specified races.
BOG – Best odds guaranteed dictates that if your selection wins or places and the SP is greater Betfred will pay you out at bigger odds for bets made after 8am on the day of the race.
Extra places – Get extra places on Cheltenham races, offering greater chances for each-way payouts.
Multiply Your Odds – Betfred customers that place a Lucky 15/Lucky 31/Lucky 63 can get five times the odds even if they only get one winner on their Cheltenham bets.
Lucky Bonus – Betfred offers numerous types of horse racing bets in combination with Cheltenham offers. Place a Lucky 15/31/63, Yankee, Canadian, or Heinz bet, and if all selections win, you’ll receive a 25 per cent winnings boost.
Rewards4Racing – Collect 1 Rewards4Racing point for every £1 staked on sports when you link your Rewards4Racing account to your Betfred account.
10% Winning Tricast Bonus – Place a Tricast on any race and if all your selections run and win, Betfred pay you a bonus in cash of up to 10% on your total winnings.
Racing live streaming – All Cheltenham races will be streamed live on Betfred’s website and app.
Please gamble responsibly
Always remain within a budget and never exceed it. No matter what the circumstances, never chase your losses.
Anyone can lose a bet, even if they know a lot about horse racing. It is easy to get carried away when events such as Cheltenham Festival are taking place, so make sure to remain in control of your time and betting.
Whether you’re using betting sites, online casinos, slot sites or poker sites, bettors can use responsible gambling tools such as deposit limits, loss limits and self-exclusion among others.
In the UK there are a number of gambling addiction charities ready and prepared to help you with counselling, support groups and practical advice on how to help you recover if you do lose control:
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