Betfred Cheltenham Offers for 2023

Our betting experts guide to the Betfred Cheltenham betting offers for the 2023 festival.

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Carl Hughes Betting Expert

Updated:March 13, 2023

Betfred is one of the United Kingdom’s leading sportsbooks. Founded in 1967 in Salford, Betfred has been a staple of the betting industry for over half a century. Betfred has specialised in horse racing since its creation, and it is one of the leaders in the sport when it comes to gambling.

The Cheltenham Festival is one of the biggest events of the jumps horse racing season. To celebrate the annual horse racing festival at Cheltenham Racecourse, Betfred offers special promos and bonuses to customers for the event.

Betfred’s Current New Customer Offer:

Verified 13th March 2023

Bonus offer

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Min. Deposit

£10

Website

Regulated by

MGA, UKGC

Founded

1967

Owner

Petfre (Gibraltar) Limited

Offer terms

New customers only. 09:00 on 08/03/24 – 17:30 on 15/03/24. Register with CHELT50. First bet £10+ at Evens (2.0)+ on Sports which settles before 23:59 on 15/03/24. Free Bets: £20 Horse Racing, £20 Football Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours. 7-day expiry. Eligibility & payment exclusions apply.

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New customers only. 09:00 on 08/03/24 – 17:30 on 15/03/24. Register with CHELT50. First bet £10+ at Evens (2.0)+ on Sports which settles before 23:59 on 15/03/24. Free Bets: £20 Horse Racing, £20 Football Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours. 7-day expiry. Eligibility & payment exclusions apply. | T&C apply

If you are looking for a new sportsbook ahead of the Cheltenham Festival on March 14, then consider signing up for a Betfred account. You won’t regret it after seeing the great new customer Betfred Cheltenham offers that are up for grabs.

What are the Betfred Cheltenham offers for 2023?

The Cheltenham Festival kicks off on Tuesday, March 14, and continues until Friday, March 17. It is a four-day festival of top-class horse racing. New Betfred customers can get the most out of the four-day event with the new Betfred Cheltenham offer.

This year, Betfred is offering new customers £40 in bonuses when you open a new account. Once you open your account, you will need to deposit funds and make a £10 qualifying bet to receive the £40 bonus.

Cheltenham Festival is one of the biggest racing festivals of the year. The sportsbook industry is highly competitive, with leading bookmakers offering new customer bonuses and promos for major horse racing events. Betfred is just one of the top bookmakers providing new customers with a bonus to sign up.

You will receive some additional bonuses when setting up an account with Betfred. Here is a look at the current promotions Betfred is offering horse racing punters:

  • £40 in bonuses when you bet £10
  • Non-runner equals no bet
  • Ante-post extra places for finishers
  • Extra place in races
  • Super extra in-place races
  • A free bet when your horse finishes second
  • Best odds guaranteed
  • All correct bonus
  • One winner bonus

Not all sportsbooks offer horse race betting. However, the long-standing, popular sportsbooks in the UK are known for their horse racing odds. Betfred is one of the oldest bookmakers in the UK and their dedication to horse racing is fantastic.

How do you Claim the Betfred Cheltenham offers?

It is simple to sign up for Betfred and claim your £40 bonus Cheltenham offer. The Betfred website is intuitive and easy to follow. You will find many horse racing markets once you sign up. You can also wager on the event using a mobile device or computer.

If you haven’t signed up for Betfred yet, then what are you waiting for? Here is a step-by-step guide for signing up for the bookmaker before the Cheltenham Festival 2023 starts:

  • Click on the ‘Claim Here’ icon on the Betfred Cheltenham offer
  • Click the ‘Claim Here’ green icon on the Betfred page
  • Enter your details to create your account
  • Make a cash deposit into your new account
  • You must remember to claim your bonus before leaving the page
  • Click on the ‘horse racing’ section
  • Choose the Cheltenham race you want to wager on and explore the odds
  • Click on the horse(s) you want to bet on
  • Enter your stake on the bet slip and click the ‘place bet’ button

Now, sit back and watch the race live from Cheltenham Racecourse.

Does Betfred provide existing customers with Cheltenham offers?

Yes, Betfred provides its existing customers with Cheltenham offers. However, like many sportsbooks, the existing offers are not as lucrative. Due to the competitive nature of the sports betting industry, bookmakers give customers incentives throughout the year for major horse racing events. If bookmakers do not provide existing customers with betting offers, then those customers would leave.

Best Odds Guaranteed at Cheltenham

Betfred ensures you receive the best odds guaranteed on race day. If you make an ante-post bet on a Cheltenham race, and the odds for your horse drift at the start of the race, then you will be given the starting price odds. For example, if you make an ante-post bet at odds of 4/1 and your horse drifts on the day to 6/1, then you will receive the longer odds on your pony. If your horse wins, then your bet will pay out at the starting price of 6/1 rather than the ante-post odds you originally bet on.

Non-Runner No Bet at Cheltenham

Making an early bet on a horse at Cheltenham comes with some risk. Your horse may be a non-runner on the day, missing out on the event. Betfred provides customers with some insurance by offering a no-bet on Cheltenham Festival non-runners for selected races. Your stake will be returned if your horses do not run the race.

The Non-runner No Bet is only available on the following races:

  • Champion Hurdle
  • Queen Mother Champion Chase
  • Stayers’ Hurdle
  • Gold Cup

Extra Places at Cheltenham Festival

Betfred will pay out on extra places on big-priced horses at Cheltenham. You will find extra place offers during the Cheltenham Festival to take advantage of. Best odds guaranteed do not apply to this offer.

Money Back Specials at Cheltenham

You can get money back if your horse finishes the race in second place to the starting price favourite. This is a great offer if you believe your horse will be near the finish line at the end of the race.

Why use free bets for Cheltenham Festival?

Free bets are a great tool to help you make more profits on your horse race bets. One of the strategies bettors deploy when using free bets is to wager on higher-priced horses.

The potential for high returns provides bettors with the chance to make a significant payout without risking their own funds. You can use free bets to double your bankroll for March’s Cheltenham Festival.

Betfred’s Cheltenham offers provide you with the chance to make profits at this year’s event. You shouldn’t miss the Cheltenham Festival 2023 and Betfred’s exciting offers.

Bonus offer

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Min. Deposit

£5

Website

Regulated by

MGA, UKGC

Founded

2000

Owner

Bet365 Group Ltd

Offer terms

Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.

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Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. | T&C apply

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Min. Deposit

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Regulated by

MGA, UKGC

Founded

2015

Owner

Eaton Gate Gaming Limited

Offer terms

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New customers & 18+ only. Min. deposit of £/€10. Qualifying real money bet of £/€10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Offer credited within 48 hours. Additional T&Cs apply. Please gamble responsibly | T&C apply

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Offer terms

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18+ New customers only. GB & ROI customers only. Promo code NEWWELCOME60 must be used. Certain bet types are excluded. 3 qualifying bets of £10 or more required within 3 calendar days of registration. Bets must be placed and settled on the same day as the event. If you reach £120 of net losses before the 3 calendar days is up, you will receive your Free Bet the following day. Your Free Bet will expire after 7 days. The Free Bet is capped at £60. Restrictions + T&Cs apply. | T&C apply

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Min. Deposit

£10

Regulated by

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Founded

2022

Owner

Goodwin Racing Limited

Offer terms

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Min. Deposit

£5

Regulated by

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1886

Owner

Entain plc

Offer terms

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18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min €5 bet within 14 days of account reg at min odds 1/2 = 4 x €5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply. | T&C apply

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Min. Deposit

£10

Regulated by

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TaichiTech Limited

Offer terms

New Customers only. Deposit and bet on any sportsbook Markets with min odds of 2.0. Get 50% Back of your first days' losses as a Free bet up to £50+£20 Casino Bonus.

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Min. Deposit

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Regulated by

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Owner

Star Racing Ltd

Offer terms

Star Sports are offering Best Odds Guaranteed on UK/Irish Horseracing & Greyhound racing – From 9am on the day of the race. Max £1000 enhancement per bet. Applies to singles & multiple bets. Further T&C’s apply.

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Star Sports are offering Best Odds Guaranteed on UK/Irish Horseracing & Greyhound racing – From 9am on the day of the race. Max £1000 enhancement per bet. Applies to singles & multiple bets. Further T&C’s apply. | T&C apply

About the author

Carl Hughes

Editor

Carl Hughes

Editor

Carl Hughes is a leading expert on sports and casino betting. Carl began his career with a BSc in Sport, Exercise and Health Sciences from the University of Birmingham before working within the industry for some of the bigger names (GVC and Bet365) and has been praised as being "a leading sports betting commentator".