Spreadex Cheltenham Offer - Bet £10 Get £40 in Free Bets
The SpreadEx Cheltenham offer is a superb proposition for punters to take up on Day 2 of the Festival as you can score £40 in free bets from a £10 total bet on Ladies Day.
Continue reading to learn how to successfully claim yours.
#AD 18+ New UK customers only, Place a £10 fixed odds bet at minimum odds of 1/2 and get 3 x £10 free fixed odds bets, 3 x £5 Total Goals football spread bets and 3 x £5 Winning Favourites spread bets on consecutive days and a £1 racing Race Index spread bet. The promotion will run from 11th March 2025 until discontinued by Spreadex Ltd. using its reasonable discretion, ("Promotion Period"). Offer can only be used once per customer. Full T&Cs apply.
How to Claim the Spreadex Cheltenham Sign Up Offer
New customers can bag a welcome package upon opening a new account with Spreadex. The sign-up process is straightforward, and various bonuses will be added to the user's account after completing the following steps:
1. Open a new account and deposit a minimum of £10.
2. Place a £10 fixed odds bet at a minimum odds of 1/2 (1.5).
3. Once the bet is settled, new customers will receive a free £10 fixed odds bet, which can be used on the Cheltenham Festival, a £5 free Total Goals football spread bet, a £5 free Winning Favourites spread bet for the Cheltenham Festival, and a £1 Race Index spread bet.
4. 24 hours later, an additional free £10 bet for the Cheltenham Festival, a £5 free Total Goals football spread bet, and a £5 free Winning Favourites spread bet will be credited.
Spreadex Cheltenham Offers Terms and Conditions
Several terms and conditions are attached to the Spreadex sign up offer for Cheltenham. Reviewing them can help you stay on the right track and maximise the offer. The following are the main guidelines for the Spreadex Cheltenham 2025 sign-up offer.
- Join and place a £10 fixed odds bet at odds of 1/2 or greater. The qualifying bet cannot be placed in-play and must not be cashed out.
- Once your qualifying bet is settled, a £10 free fixed odds bet, a £5 free Total Goals football spread bet, a £5 racing Winning Favourites spread bet, and a £1 racing Race Index spread bet will be added to your account.
- The second £10 free fixed odds bet, £5 free Total Goals football spread bet, and £5 racing Winning Favourites spread bets will be credited 24 hours later.
- Free fixed odds bets are not returned if the bet is a winner.
- The free fixed odds bet can be placed by ticking the ‘Claim as Free Bet’ button on your bet slip when placing your chosen fixed odds bet.
- The free bet can be placed in-play but cannot be cashed out in-play and must run until the event concludes.
- You need to open a full sports spread betting account to use the 2 x £5 free Total Goals football spread bets, 2 x free £5 racing Winning Favourites spread bets, and the free £1 racing Race Index spread bet. While these are free bets, please remember that when spread betting, it is possible to incur losses that exceed your initial stake.
- Free bets expire in 28 days if unused.
- Promotions are available to individuals aged 18 and over who are registered customers of Spreadex.

Spreadex Cheltenham Festival Offers For Existing Customers
In addition to the offers for new customers, Spreadex Cheltenham promotions for existing users are available. Here are some of them:
Spreadex 2nd to a Rag Insurance
It can be frustrating if your chosen horse loses to an unexpected underdog who performs exceptionally well. However, Spreadex's "2nd to a rag" insurance covers you. If you bet on a horse to win a race at Cheltenham and it ends up in second place behind a horse with odds of 33/1 or more, you won't lose out. You'll get up to £25 back to try another bet for free.
First Past The Post
If you back a horse in a race and it crosses the finish line first, Spreadex will pay you out as a winner, even if it later gets demoted due to interference. Similarly, if another horse is promoted to the position of the new winner, Spreadex will also pay out on that horse.
Lucky Double Odds
If your lucky 15, 31 or 63 finishes with just one winner, get double the odds for the horse that won. All the selections of your lucky 115, 31 or 63 need to run in order for you to qualify for the bonus. But there is no maximum bet or bonus amount limit for this offer!
Extra Places
If you enjoy each-way betting, Spreadex’s extra place specials can help increase your winning chance. For this promo, they pay out on more positions in specific races, like offering five places instead of four in a field of 16 runners. It's a valuable advantage when the competition is fierce and picking a winner is challenging.
Daily Specials
There are several daily Spreadex Cheltenham specials throughout the event. Some of them are limited-time offers that you can easily utilise. For instance, the day's first race might see a considerable price increase, or they might even run a money-back special on a chosen horse. You can discover what's available by checking the Spreadex Cheltenham deals daily.
Cheltenham Festival Day 2 - Extra Place Races
SpreadEx are paying five places in the Coral Cup Handicap Hurdle and Grand Annual Challenge Cup Handicap Chase, and four places in the Weatherbys Champion Bumper.
Spreadex Cheltenham Festival Betting Markets
Multiple markets are available for betting at Spreadex during the Cheltenham Festival. The bookmaker comprehensively covers every race during the event, and you can bet on options like singles, multiples, accumulators and cover bets. You can utilise the various specials and bonuses to bet on the market of your choice. Spreadex are one of a few firms who offer both fixed odds AND spread betting at the festival.
Fixed Odds Betting
Spreadex offers traditional fixed odds betting on all Cheltenham races. You can back a horse at a set price, with markets available on the Win & Each-Way, Place Only, and Forecast/Tricast bets.
Spread Betting
As a specialist in spread betting, Spreadex provides markets where your profit or loss depends on the accuracy of your prediction. Key spread betting options include:
- Favourites Index – Points awarded based on finishing position.
- Match Bets – A spread on one horse outperforming another.
- Winning Distances – A market predicting the aggregate winning margins across the festival.
Cheltenham Specials
Spreadex often introduces special markets tailored to Cheltenham, including:
- Top Jockey & Trainer spreads.
- Number of Winning Favourites throughout the festival.
- Total Irish Winners, given Ireland’s strong recent record.
Ante-Post Betting
Get early odds on the biggest races, including the Gold Cup, Champion Hurdle, and Stayers’ Hurdle. Spreadex provides both fixed odds and spread betting options well in advance of the festival.
In-Play Betting
Live betting is available on select races, allowing you to trade positions mid-race. This suits punters looking to hedge their bets or react to race developments.
Why Bet With Spreadex at the 2025 Cheltenham Festival?
Multiple Spreadex Cheltenham Festival offers and features will ensure you have fun during the event. Here's why betting on the bookmaker is ideal:
Competitive Odds
Spreadex is renowned for offering fair and competitive odds that can help you win big. Their offer compares favourably with other leading bookies in the UK. Plus, they offer promotions like the best odds guaranteed and odds boost on specific races.
Range Of Markets
Whether fixed odds or spread markets, Spreadex offer a whole host of different ways to bet on Cheltenham some quite unique to themselves. I particularly like their range of Place Only markets with decent odds vs other bookmakers.
Secure Payment Methods
When depositing and withdrawing funds from Spreadex, you’re guaranteed a seamless and hassle-free experience. The bookmaker accepts various popular options like credit/debit cards, bank transfers and more. This way, you can choose any method that suits your needs and preferences.
How does the Spreadex Cheltenham offer compare to Bet365 and William Hill?
With £40 in bonuses on offer from Spreadex you could say that their Cheltenham Offer is more generous than the likes of Bet365 and William Hill who each offer £30 in free bets from the £10 qualifying bet. The limitation with the Spreadex offer is that half of the bonus amount is dedicated to spread betting which may not appeal to all punters.
Is Cheltenham Festival Live Streaming Available on Spreadex?
Spreadex lets you livestream every race during the Cheltenham Festival and other races throughout the year. All you have to do is create and fund your account, and you’re good to go. You don't even need to place a bet on a race to watch them!
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