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Betfred Cheltenham Offers and Free Bets

New customers who register at Betfred ahead of the Cheltenham Festival can all claim £50 in free bets to use across the site’s sports markets. Using the promo code CHELT50, make a deposit of £10 and place a bet to match to claim your bonuses. To find out more about how to claim your Betfred Cheltenham free bets, what you can use them for, some other exclusive offers and promotions, and more, keep reading below as we dive into all things Cheltenham Festival at Betfred.

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Betfred Cheltenham Welcome Offer: Bet £10 Get £50 in Free Bets

If you are ready to claim your Betfred bet Cheltenham offer, just go to the Betfred sign-up page on the website and begin filling out your details. Once complete, ensure to verify your account prior to proceeding to claim the offer. When you are registered and verified at Betfred, enter the promo code CHELT50 and make a deposit of £10 into your account. Now, place a bet of £10 or more on any qualifying sports market and wait for your bet to settle. Once your bet has settled, you should receive your £50 in bonuses in your account within 10 hours. These free bets must then be used within 7 days.

How To Claim The Betfred Cheltenham Welcome Offer

It is super simple to claim the Betfred Cheltenham Festival offer ahead of this year’s highly anticipated event. Find below our step-by-step guide on how to register and claim your £50 in free bets.

  1. Click here to be taken to the Betfred Bet Cheltenham offer and sign-up page. 
  2. Enter your personal details like your name, address, date of birth, email, etc. 
  3. Create a memorable username and password combination
  4. Sign in and enter the Betfred promo code CHELT50.
  5. Make your first deposit of £10.
  6. Place a qualifying bet of £10 or more on any sports market.
  7. Wait for your bet to settle.
  8. Receive your £50 in bonuses within 10 hours of your qualifying £10 bet being settled.

Betfred Cheltenham Welcome Offer: Bet £10 Get £50 In Free Bets Pros & Cons 

Pros ✅ Cons ❌
Receive your £50 in bonuses within just 10 hours of your bet settling. Available to new customers only.
Low minimum qualifying deposit. It can take slightly longer to receive your £40 in bonuses if extra documentation is required.
The minimum deposit requirement is equal to the minimum bet requirement, which means no extra funds are needed.
Competitive bonus amount.

What To Use Your Free Bets On At Cheltenham 2024

With 28 races being held at the Cheltenham Festival 2024, this means plenty of opportunities to use your Betfred Cheltenham free bets throughout the four days. Below, we’ve included just some of the most popular and exciting races coming up where you can use your bets.

Gold Cup Free Bets

The greatest horses and jockeys go to battle in a 3-metre steeple chase at the Cheltenham Gold Cup, the biggest event of them all. Take advantage of your Betfred Cheltenham free bets on the Gold Cup race, where there is bound to be a host of competitive odds to choose from. This 2024 event will be particularly memorable as it will be the 100th anniversary of the event. Taking place on the last day of the Cheltenham Festival, it always saves the best until last.

Queen Mother Chase Free Bets 

On Style Wednesday, the Queen Mother Steeple Chase is the featured race of the second day. The best in the field compete on the 2m long course to become the 2024 Steeple Chase Champion. Join one of the largest spectator gatherings at a race at the festival as the horses battle it out for first place. Another top opportunity to use the Betfred Cheltenham free bets you got for signing up.

Stayers Hurdle Free Bets 

Taking place at 15:30 after the St Patrick’s Day feature race, customers can use the Betfred Cheltenham Festival offer of free bets to claim any of the fantastic odds available ahead of the Day 3 Stayers Hurdle Race. Watch on as the best hurdlers take on the 3m course to see if they can replicate the shock result of the 2023 race result.

Champion Hurdle Free Bets

The Champion Hurdle Challenge Trophy race is kicking off the feature races of this year’s Cheltenham Festival. Day 1 is Champion Day and is a great opportunity to take advantage of and use your Betfred Cheltenham free bets. Place a wager on who you think will take home the crown, the top three, and much more as the festival starts with a bang on the 2m hurdle course.

Ryanair Steeple Chase Free Bets

The best steeplechasers take to the 2m course on Day 3 of the Cheltenham Festival in the Ryanair Steeple Chase race. On the second to last day of the festival, use your Betfred Cheltenham new customer offer on this popular and highly competitive race whilst watching on to see if your horse can clinch the victory. 

Types Of Betfred Offers & Promotions 

There are so many types of offers and promotions available to customers at Betfred ahead of the 2024 Cheltenham Festival. We have covered some of the most popular below in greater detail to help you decide which is the best offer for you.

Best Odds Guaranteed

Best Odds Guaranteed (BOG) is one of the most popular types of bets that Betfred offers Cheltenham punters at the site. Placing a bet with BOG means that if the odds increase after a customer has placed a bet, the site will guarantee that the players who wagered on the original lower odds will be awarded the higher odds returns once the bet has settled.

Bet Boost

A bet boost is when the odds offered on a selection are ‘boosted’, or increased for a limited time. This is represented by the original odds being crossed out and the boosted odds being in their place. A bet boost is often offered on a bookie’s favourites to win a race to increase the chance that they will back it.

Money Back As A Free Bet If Your Horse Finishes Second

A popular Betfred Cheltenham Festival offer often claimed by users is the Money Back As A Free Bet If Your Horse Finishes Second. Place a win or each-way bet on any of a day’s races, and if your chosen horse finishes 2nd, receive your stake back in free bets up to a certain amount. You can then use this on any Betfred horse racing market.


Exclusive to customers at Betfred, visit the Rewards4Racing website and create an account to collect 1 point for every £1 staked on sports bets. Ensuring you use the same email address which is linked to your Betfred account when registering, you can then use the points that you collect to purchase race day tickets.

Betfred: An Expert Review 

What We Like About Betfred

Betfred is one of the largest bookmakers in the country, and its well-established brand has helped it become a household name and veteran when it comes to sports betting, especially horse racing. Customers at Betfred can expect to find competitive odds, a good range of markets, plenty of betting options, varying payment methods and many more features when registering at the site and getting stuck into everything horse racing. It has a user-friendly website and offers services through a dedicated mobile app, which we particularly fond of. It allows for increased accessibility and convenience, appealing to a wider range of customers as it’s not limited to those who own a desktop.

How We Think The Site Could Be Improved 

When it comes to a feature that Betfred could improve upon, we suggest including the ability to place live in-play bets on horse racing. A feature that is being increasingly introduced at a lot of sports betting sites, this would be an added benefit to registering at Betfred.


Who Owns Betfred? 

The owner of Betfred is Fred Done, a British billionaire businessman who created the bookmaker alongside his brother back in 1967.

How long Does Betfred Withdrawal Take?

Like most sportsbook platforms, withdrawal times vary depending on the withdrawal method. PayPal, Skill and Neteller can take up to 48 hours, while debit card withdrawals can take 3-5 working days.

How To Use Free Bets On Betfred? 

Simply navigate to the Cheltenham category on the website and make your picks to redeem your Betfred Cheltenham Festival free bets. Simply pick “use your free bets” on your bet slip, confirm, then put your free bet after adding them to it as you would a regular wager.

What to do if you have a gambling problem

We understand that gambling can be fun, but it’s important to gamble responsibly. If you are struggling with a gambling problem, please don’t hesitate to ask for help. There are people who can help you get on the road to recovery.

Here are some resources that can help you:


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