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What Are The Best Cheltenham Betting Offers 2024?

Every year, the Cheltenham Festival proves one of the most popular horse racing events in the calendar, being one of the most desired pinnacles in this sport. This draws horse racing enthusiasts, excited spectators and top-tier competitors from all around the globe. Previous races at Cheltenham have built a rich history that still defines the competition to this day,

Hooves thunder and power down the iconic Prestbury Park course in this event, seeing a spectacle of skill, elegance, and, of course, speed unfold. Bookmakers and sportsbooks aim to capitalise on the notoriety and popularity of this traditional event by presenting a whole plethora of different bonuses and promotions. 

Due to the popularity of Cheltenham as a whole, there are now more promotions than ever before, making it hard to define which are the best value. Not to worry though, as we here at OddsMonkey have broken down the best Cheltenham betting offers available for the 2024 edition of this premier horse racing celebration.

Betfred Cheltenham Betting Offers

The first of the Cheltenham betting offers we will touch on is the one with Betfred. With this, players could get £40 in bonus credits if they stake a qualifying bet of £10. However, it is worth bearing in mind that this offer is exclusive to new players at Betfred, with already existing players not being eligible for this specific promotion.

SkyBet Cheltenham Betting Offers

Another new customer offer that could be used for Cheltenham comes from SkyBet. Bettors could receive £30 in free bets when they place any qualifying bet. These SkyBet free bets come in the form of 3x £10 bet tokens, with the qualifying bet requiring odds of 1/1 or higher to be eligible.

Bet365 Cheltenham Betting Offers

If betting £10 as a first-time player at Bet365, you could claim £30 in free bets. Although this is not one of the exclusive Cheltenham betting offers that Bet365 seemingly runs every time the horse racing festival comes around, it is still a great value promotion. If you want to know how to use free bets on Bet365, we have a number of tips on our site.

BetVictor Cheltenham Betting Offers

Another Cheltenham betting offer for new customers comes from BetVictor. This offers £40 in free horse racing bets if you initially opt-in by placing a £20 free bet on any horse racing market with odds of evens or higher.

Paddy Power Cheltenham Betting Offers

Should you place a £5 bet on any sport as a first-time player at Paddy Power, this could make you eligible for their new customer bonus, which offers £20 in free bets. Like with most other Cheltenham betting offers, though, the odds of the qualifying bet must be even or higher.

In addition to these, Paddy Power free bets also offer money back up to £50 as free bets on horse racing. This bonus can be used on up to 5 bets with a maximum stake of £10 placed on horse racing markets that have odds of evens at minimum. If the bet in question loses, the stake can be returned as a free bet of the equivalent amount.

BetMGM Chelenhnam Betting Offers

If signing up for BetMGM for the first time, their sign-up offer could be a great option for Cheltenham, as betting £10 could qualify you for £40 in free bets. When compared to many of the other Cheltenham betting offers we have already covered, though, the free bets that are given are much more unique despite being locked to certain areas of the sportsbook. 

Out of the 4 £10 bets you could receive, the first of these is for any horse racing market. The second is a free bet builder of your choice, the third is a £10 football bet, and the fourth free bet can be used to place an accumulator. It is worth noting that once claimed, you only have 7 days to use these free bets before they expire; however, with the frequency of races at Cheltenham, this shouldn’t be an issue.

10bet Cheltenham Betting Offers

One of the Cheltenham betting offers from 10bet offers up to a 100% matched deposit of an initial deposit worth up to £50. Once claimed, the free bet credits are eligible for 60 days, meaning you won’t be in any rush to place it on races at Cheltenham or any of the other horse racing events that may follow. 

Coral Cheltenham Betting Offers

With minimum odds of ½, placing a £5 bet as a first-time player at Coral could see you receive £20 in free bets. If you want to learn how to use free bets on Coral and maximise the effectiveness of using your free credits, we have a full, dedicated guide here at OddsMonkey.

Ladbrokes Cheltenham Betting Offers

Working essentially in the same way as the Coral bonus we have just mentioned, you could receive £20 in Ladbrokes free bets if placing an initial £5 qualifying bet. This bonus is split into 4 separate £5 bets, with these being able to be used for 2 weeks before expiring.

Unibet Cheltenham Betting Offers 

One of the most unique Cheltenham betting offers is the one from Unibet. In this, new customers could get up to £49 back as bonus credits if the first race that a £10+ stake is placed on loses. In addition to this, users could also receive £10 in casino bonuses, something which could be made the most of if using the expected value calculator we have on site.

How To Get The Most Out Of Your Cheltenham Betting Offers?

There are a plethora of Cheltenham betting offers out there that you could use to place some bets on the biggest races of the event. There is a way in which you could utilise these free bet promotional offers in a risk-free manner to lock in some profits.

This can be done thanks to the matched betting strategy, which ensures that all outcomes of an event or race are covered if applied correctly. If done so by picking selections with favourable odds, you could even lock in a margin of profit, no matter if your selection wins the race or falls at the first hurdle. 

Due to the various Cheltenham betting offers that come with free bets, these could be used to cover one portion of the bet, referred to as the back bet. These are placed on standard online bookmakers, with the counteracting bet, referred to as a lay bet, being placed on a betting exchange.

By applying the matched betting strategy, the free bets provided by the plethora of Cheltenham betting offers could be converted into real profit if the back position of the bet wins. If this is not the case, profit can still be made thanks to the lay portion of the bet.

We here at OddsMonkey specialise in everything there is to know when it comes to matched betting, providing an abundance of learning resources, video tutorials, and a collection of specialised betting calculators. There is even a Cheltenham matched betting guide as well a whole host of ones for other sports available on site too, with these breaking down all the intricacies of the markets available.

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About the author:

James OddsMonkey

James OddsMonkey

James' background in IT support and matched betting knowledge is how he's ended up at OddsMonkey updating offer, answering tickets and generally being super helpful.

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