- Cheltenham Festival Day 4
Betfair Cheltenham Festival Offer for Day 3: Get £50 in Free Bets
Day 3 at Cheltenham is one of the great occasions in the British sporting calendar, and Betfair have made sure new customers can enjoy it with a serious boost in their back pocket. Sign up, place a £10 bet, and Betfair will hand you £50 in free multi bets, one of the most generous welcome offers available for the 2026 Festival.
What sets Betfair apart from every other bookmaker on this page, however, is not just the sign-up offer. It is the fact that behind the sportsbook sits the Betfair Exchange, the world's largest betting exchange, where odds are set by other punters, not a bookmaker's trading team. On a race like the Queen Mother Champion Chase, where the market is deep and liquid, Exchange odds frequently exceed anything you will find on a traditional fixed-odds site.
How to Claim the Betfair Cheltenham Sign Up Offer
All you need to do to claim the Betfair Cheltenham free bets is to open a new account, make a qualifying deposit and make sure your first bet is at least £10 with odds of 2.0 or greater on any sport. Here are the details:
- Verify your number by SMS.
- Deposit a minimum of £10 using a Debit card or Apple Pay.
- Place a minimum £10 bet on the Betfair Sportsbook (not the Exchange)
- Min odds 2.0
- Qualifying requirements must be completed within 30 days of account opening
#AD 18+ Place a min £10 bet on Sportsbook on odds of min EVS (2.0), get 3x £10 in Free Bet Builders, Accumulators or multiples to use on any sport. Rewards valid for 30 days. Only deposits via Pay by Bank, Apple Pay or Debit Card will qualify. T&Cs apply. Please Gamble Responsibly.
Betfair Cheltenham Offers Terms and Conditions
Every sign-up offer from every sportsbook is going to come with terms and conditions, and the Betfair Cheltenham sign up offer is no different. Here are the details:
- All rewards are valid for 30 days after they have been awarded.
- Unmatched, unsettled or voided bets will not count towards this promotion.
- Excludes 'same market' bets placed on the Sportsbook.
- Free bet stakes are not returned with winnings.
- Bets placed using free bets as the stake (in full or in part) will not qualify.
- Bets placed on SP (starting price) odds will not qualify.
- You'll be able to see details of your free bets in the ‘My Bonuses’ tab which can be accessed at the top of the website.
- If we find that you have taken part in this promotion using a duplicate account or that you have used more than one account to participate, we reserve the right to withhold your free bets and any winnings earned on the duplicate account.
- Cashed Out or Partially Cashed out bets are excluded from the promotion.
- The offer excludes the following bet types: Canadian, Goliath, Heinz, Lucky 15, Lucky 31, Lucky 63, Patent, Super Heinz, Trixie & Yankee.
- To complete Phone Verification you must have a device capable of receiving an SMS.
#AD 18+ Place a min £10 bet on Sportsbook on odds of min EVS (2.0), get 3x £10 in Free Bet Builders, Accumulators or multiples to use on any sport. Rewards valid for 30 days. Only deposits via Pay by Bank, Apple Pay or Debit Card will qualify. T&Cs apply. Please Gamble Responsibly.
Betfair Cheltenham Offers for Existing Customers
As well as a strong sign up offer, Betfair have a range of offers available to existing customers during the Cheltenham Festival.
Non Runner No Bet on Cheltenham Races
Place an antepost Cheltenham Festival bet on the Betfair Sportsbook and, if your horse doesn't run, you'll get your stake refunded as cash. This applies to both single and multiple bets.
Extra Place Races
If you are an each-way punter, then you should head to the Betfair Sportsbook for a number of extra place races - not just at the Cheltenham Festival - but every day on the UK and Irish racing. You can expect the Betfair Sportsbook to be paying at least 5 or 6 places on the big Cheltenham handicaps.
Odds Boosts
Betfair really go the extra mile when it comes to odds boosts. Find them on the Sportsbook homepage and embedded onto other pages such as the Horse Racing homepage and racecard pages. Odds Boosts give you bigger odds and therefore bigger payouts if the selection wins.
Betfair Cheltenham Betting Markets
Besides offering the typical horse racing betting fare of Win, Place, Each-Way and more, Betfair offer a few really interesting markets on Cheltenham Festival races:
Money Back if 2nd / Money Back if 2nd or 3rd
On most races you can choose to bet into the "Money Back 2nd" or "Money Back 2nd or 3rd" markets on the Betfair Sportsbook which give you a layer of insurance in terms of refunding your bet if your selection finishes in those finishing positions.
Lengthen The Odds
Back your selection to win by over a certain number of lengths. The more lengths you choose, the bigger the odds will be. This market is particularly popular if you want to back a short priced favourite as it "lengthens the odds" to something more attractive to the average punter.
Cheltenham Festival Specials
Betfair offers Cheltenham-specific betting markets such as this Willie Mullins Mares Double of Bambino Fever and Lossiemouth both to win or Old Park Star and Lulamba both to win for their trainer Nicky Henderson.
Cheltenham Festival 2026/27 Doubles
Betfair Cheltenham betting offers include Cheltenham Doubles like Lulamba to win the 2026 Arkle and 2027 Champion Chase or Old Park Star to win the 2026 Supreme and 2027 Champion Hurdle.
How Betfair’s Cheltenham offer now works with multi‑bets and Bet Builders
A key feature of Betfair’s current Cheltenham welcome deal is that the free bets are geared towards multiples rather than singles. Typically, the “Bet £10, get £50” offer is paid as several free bet tokens (for example 5 x £10), which can be used on multiples such as accumulators, Bet Builders and other combination bets, including those on Cheltenham races. Exact structures can vary over time, so you should always check the latest promotion page and full terms on Betfair before staking.
For new customers, this has two main implications. First, you are encouraged to combine selections (for instance, several Cheltenham races, or a mix of racing and other sports), which can produce a much bigger potential return than a simple win bet but also increases volatility. Second, certain complex or system bets, or some “same market” combinations, may be excluded from counting as qualifying multiples or from being used with free bet tokens, depending on the small print.
A short, practical addition to your article can:
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Explain, in plain terms, what Betfair classifies as an eligible multiple or Bet Builder in the current offer.
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Include a worked example of a Cheltenham Bet Builder using a £10 token (e.g. win + place + length‑of‑victory angles).
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Advise readers to reserve their own cash for more conservative singles or each‑way bets, and use the free tokens where they’re comfortable taking on higher odds.
Why Bet With Betfair at Cheltenham Festival 2026?
You have many options when it comes to betting on the Cheltenham Festival, so why should you choose to do so with Betfair? Here's why:
Top betting exchange
With a betting exchange, punters bet against each other instead of betting against the house. This approach often results in higher odds on horseracing than you would get from a traditional online sportsbook.
Huge variety of betting markets
This is true for Cheltenham and horseracing in general and the entire site. When you're done for the day, betting on Cheltenham, unwind by placing a wager or two on politics, virtual sports or even entertainment. The possibilities are endless.
Cash out functionality
Betfair may be a betting exchange, but they have a good sense of understanding how popular Cash Out has become with everyone from novices to true hard-bitten punters. The Betfair Cash Out feature works the same as everyone else's, in that it allows you to lock in winnings if you sense things are taking a turn for the worse, or to cut your losses.
How does Betfair's Cheltenham Offer compare with Sky Bet, bet365 & other online bookies?
At £50 in free bets, Betfair's Cheltenham offer is perhaps the most generous however the £10 staking requirement is significantly more than Sky Bet where just a 5p stake can unlock £40 in free bets. The bet365 offer of bet £10 get £30 has the benefit of being the most flexible with the free bets able to be broken down and used on any sports or markets. See how the offers compare in the table below:
| Rank | Bookmaker | Sign Up Offer | Bonus Expiry | Streaming | BOG |
|---|---|---|---|---|---|
1. |
Bet365
|
£30 | 7 days | Yes | Yes |
2. |
Paddy Power
|
£40 | 30 days | Yes | Yes |
3. |
Sky Bet
|
£30 | 7 days | Yes | Yes |
4. |
Betfred
|
£40 | 7 days | Yes | Yes |
5. |
Betfair
|
£30 | 30 days | Yes | No |
Is Cheltenham Festival Live Streaming Available on Betfair?
Yes. Betfair will be Live Streaming races during the entirety of the Cheltenham festival. If you have a positive balance in your account you can watch the live streams on your PC, laptop, tablet, iPhone or Android device.
Frequently Asked Questions About Betfair's Cheltenham Offer
Do I need a promo code to get Betfair’s Cheltenham sign‑up offer?
No, most Cheltenham welcome offers from Betfair are auto‑applied when you register and place the qualifying bet, so you usually do not need a promo code. If a code is required, it will be clearly shown on the registration or promotions page and you must enter it correctly when signing up.
Is the Betfair Cheltenham sign‑up offer better for exchange or sportsbook users?
The welcome offer is typically credited as free bets for the sportsbook, so it mainly benefits fixed‑odds bettors rather than pure exchange traders. If you prefer the exchange, you can still use the sportsbook offer to build a Cheltenham bank, then switch to the exchange for potentially better win‑only odds.
Is Betfair’s Cheltenham offer suitable for casual punters with a small bankroll?
It can be, but only if you are comfortable staking the required qualifying amount and understand the risks. Casual punters who prefer very small stakes might find low‑stake offers from other bookmakers more manageable, even if the headline free‑bet amount is smaller.
Does Betfair restrict or limit winning customers during Cheltenham?
Like most firms, Betfair may review accounts that show long‑term profitability or unusual betting patterns, and in some cases may reduce sportsbook stakes. The exchange side is generally more resilient to limits, because you are betting against other users rather than the house, but liquidity and market depth then become the key constraints.
Discover Alternative Betting Offers for Cheltenham Beyond Betfair
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