The Best Cheltenham Betting Offers and Free Bets in 2023

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18+ only. New Customers only. Bet £10* & Get £50* in Free Bets. Sign up, deposit between £5* and £10* to your account and bet365 will give you five times that value in Free Bets when you place qualifying bets to the same value and they are settled. Free Bets are paid as Bet Credits. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply. *or currency equivalent.
Full T&Cs apply. New customers on mobile only. 7 days to claim and stake £10 minimum bet at odds of 1.5 or greater to qualify. Free, void, cashed out or partially cashed out bets do not qualify. Max 3x £10 free bets credited on bet settlement. Free bets must be used on 4 or more selections with selection odds of 1.3 or greater. Free bets are non-withdrawable, and stake not returned with winnings. 7 day expiry. 18+.

The 2023 Cheltenham Festival is fast approaching – the main highlight of the jump racing scene in the UK and Ireland. Four days of action at Prestbury Park sees the best of the best battle it out in several Grade 1 contests coupled with competitive handicaps. And the Cheltenham Festival also sees a gluttony of betting offers from the leading online bookmakers.

We’ve taken a closer look at what betting offers and promotions you can expect to see in the run-up and during the Cheltenham Festival 2023.

Types of Cheltenham Betting Offers 

The Cheltenham Festival sees all top online bookmakers battling it out for business, so they unleash an extravaganza of Cheltenham betting offers for punters to enjoy.

Here we take a closer look at five of the most popular Cheltenham betting offers you’ll likely see over the four-day Festival.

Extra Each-Way Places

Some races at the Cheltenham Festival have over 20 runners and attract massive interest from each-way punters.  And to attract business, most bookmakers will offer extra places on selected races at the Cheltenham Festival.

A 25-runner handicap would typically see 4 places paid for each-way betting, but at Cheltenham, some bookmakers will offer 5, 6 and even 7 places – always make sure to shop around when looking to place those each-way bets.

Money Back Specials

Be prepared for tremendous money-back specials to appear over the four days of the Cheltenham Festival. 

These cover a variety of scenarios and typically see you receive your stake back as a free bet or cash. Such scenarios could be your horse finishing 2nd or 3rd in the race, finishing 2nd behind the race favourite, falling at the final fence, and many more.

Enhanced Odds

Every bookmaker will offer enhanced odds or price boosts every day of the 2023 Cheltenham Festival.  These can add some fantastic extra profit if they win, so check all of our recommended bookmakers daily to see what enhancements are available.

Non-Runner No Bet

‘Non-runner no bet’ comes into play for ante-post betting and is an excellent safeguard for punters who like to get their Cheltenham Festival bets on early. Odds are available on races at the Cheltenham Festival months in advance, but typically, if your horse does not run at the Festival, your bet is a loser.

With ‘Non-runner no bet’, however, if your horse fails to run at the Festival, you receive your stake back as cash.

Best Odds Guaranteed

All of our recommended bookmakers offer Best Odds Guaranteed throughout the Cheltenham Festival. This excellent bonus ensures you don’t miss out if your horse drifts in price and then wins.

If you back a horse and take the price, which returns at a starting price higher than the price you received, you will be paid out at the larger odds.

Rachael Blackmore delivers A PLUS TARD with a devastating run to win the 2022 Cheltenham Gold Cup

Best Cheltenham Festival Bookmakers

Many online bookmakers will provide odds on the Festival, but we’ve highlighted five that we feel are the best Cheltenham Festival bookmakers.


Bet365 is one of the UK’s leading bookmakers and will be offering Best Odds Guaranteed on all Cheltenham Festival races. They will also provide odds boosts throughout the four days, and customers can also take part in their 4/1 offer, which sees you receive a risk-free bet on the next live race on ITV if you back a winner at 4/1 or bigger.


BetUK may be a relatively new name on the online betting scene, but they’ve quickly become a popular destination for horse racing fans and are well worth checking out during the Cheltenham Festival. They have a wide range of betting markets on all races and offer free bets to all players who wager £15 or more on horse racing each week – perfect for using on the Cheltenham Festival 2023.

Paddy Power

Paddy Power is another big player in the bookmaking scene, known wide and far for their outrageous behaviour on social media. When it comes to the Cheltenham Festival, they’ll be offering competitive odds plus extra places on the big handicap races alongside promotions throughout the four days.

Sky Bet

Sky Bet have traditionally offered a bonus on the opening race each day of the Cheltenham Festival that sees you receive your money back if your horse doesn’t win. They also provide excellent odds boosts over the four days, and you can watch every race at the Festival on their website or via their highly-rated betting app.


888sport is the perfect bookmaker for those looking to bet on the Cheltenham Festival when on the go, with a top-quality betting app on both iOS and Android for punters to utilise. And all 888sports odds boost and enhanced place terms are available via their app, meaning you won’t miss out on any Cheltenham Festival betting value.

How To Use Your Cheltenham Free Bets

Using free bets on the Cheltenham Festival is a straightforward process – as effortless as placing a regular bet on the racing action.  However, always check the specific terms and conditions as these vary slightly between bookmakers.

The average process for using your Cheltenham free bets is as follows;

  1. Once you have fulfilled any qualifying requirements, any free bet should be automatically added to your account.
  1. Select the horse you want to back with your free bet and add it to the bet slip.
  1. Any free bet option should show on the bet slip, allowing you to select it to be used as the stake for your bet.
  1. If your free bet is a winner, then the winnings should typically be able to be withdrawn as if you have backed the horse with your own money.

Cheltenham Festival Betting Tips

If you’ve never placed a bet on horse racing but are looking to get involved in the Cheltenham Festival action, here are a few handy tips to get you started.

Shop Around

Spending the time to shop around when looking to place a bet can put extra money into your pocket. So if you are looking to bet on a horse, check a few bookmakers to see what betting odds are on offer and go with the best price.

Use Free Bets

Signing up to a bookmaker and receiving some free bets is an excellent way to enjoy the Cheltenham Festival without risking your own money. And with most free bets awarding you withdrawable cash, you could end the Cheltenham Festival in profit if you land a winner.

Don’t Chase Losses

As with all gambling, betting on the Cheltenham Festival should be considered a recreational activity, not a way to make money. So if you do lose, then ensure you never chase your losses.

Is Horse Race Betting Different Than Other Sports Betting?

Horse racing is an exciting sport, and each race offers several betting markets for punters to wager on. It’s a unique betting medium in that it sees humans and animals team up, and it’s one of the most popular sports for betting in the UK and Ireland.

There is some technical language in horse racing betting, and we’ve listed a few terms that you should know if you’re a horse racing betting novice.

Drifter – a horse in the betting that has significantly gone out in the betting odds.

Each-Way – an each-way bet is, in essence, two bets on the one horse, a win bet, and a bet on it to be placed.

Going – the going is the term used to describe ground conditions such as Good or Good to Soft.

Longshot – a horse with high odds in the race

Rule 4 – a deduction to winning bets to take into account non-runners in a race

Yankee – a multiple bet on four selections consisting of 11 bets (six doubles, four trebles, and one four-fold).

Betting Offers For The Cheltenham Gold Cup

The highlight of the four-day Cheltenham Festival is the Cheltenham Gold Cup, which is held on Friday, the Festival’s final day. Being such a high-profile race, bookmakers are keen to get involved in the action and line up some excellent offers and promotions for Gold Cup day.

Many will offer enhanced new customer bonuses on Cheltenham Gold Cup Day, plus enhanced price offers for new customers that could see you receive a boosted price on the favourite for the race, receiving the bonus if the horse wins.

Cheltenham Gold Cup day is one of the biggest betting days of the year, so be sure to check out our site every day of the Festival to ensure you’re entirely up to date on all the excellent offers available.

Major Meetings Before The Cheltenham Festival 2023

The Cheltenham Festival stands above all in the jumps racing scene in the UK and Ireland, but there are several other important meetings throughout the season. Over Christmas, there is action at Kempton, including the King George, a race that has been used as a stepping stone to Cheltenham Gold Cup success.

And there’s also action in Ireland over the festive period, with Leopardstown featuring several top-class races, including the Grade 1 Savills Chase, all geared towards Cheltenham.  Into the New Year, the main focus turns to the Dublin Racing Festival at the start of February, which is seen as the final prelude to the Cheltenham Festival the month after.

Many of Ireland’s leading hopes will use the Dublin Racing Festival as their final preparation race for Cheltenham, while UK-based trainers are starting to send their horses over, attracted by the prize money on offer.

The Biggest Races at The Cheltenham Festival 2023

The Cheltenham Festival takes place over four days, with seven races daily for punters to enjoy, and every day, there is a feature race alongside several other Grade 1 races and competitive handicaps.

Here we highlight what races you should look out for on each of the four days.

Day 1 – Tuesday, March 14th, 2023

The Cheltenham Festival kicks off with the Grade 1 Supreme Novices’ Hurdle, followed by the Arkle – a Grade 1 contest for Novice chasers. The feature race on the opening day of the Cheltenham Festival is the Champion Hurdle which has been won by some legendary horses over the years, including Istabraq, Hurricane Fly and Annie Power.

Day 2 – Wednesday, March 15th, 2023

The feature race on Day 2 of the 2023 Cheltenham Festival is the Queen Mother Champion Chase raced over 2 miles. And Wednesday also features two unique races – the Cross Country Chase and the Champion Bumper, the only race at the Festival run on the flat.

Day 3 – Thursday, March 16th, 2023

All eyes on Thursday will be on the Ryanair Chase and the Stayers’ Hurdle, the two highest-profile races on Day 3 at the Festival. The Pertemps Final also takes place, a race that sees horses qualify through various races over the season. 

Day 4 – Friday, March 17th, 2023

The fourth and final day of the Cheltenham Festival sees the highlight of the entire meeting – the Cheltenham Gold Cup, a race that has been won by some of the biggest names in jumps racing history. The final race of the Festival is the Martin Pipe Handicap Hurdle, a race exclusively for conditional (apprentice) jockeys.


Which bookmakers offer the best Cheltenham Festival betting odds?

Although all major bookmakers will offer betting odds on the 2023 Cheltenham Festival, we recommend bet365, BetUK, and 888sport as having the most competitive odds.

How do I get Cheltenham Festival free bets?

Getting some Cheltenham Festival free bets is a straightforward process. Simply look at our recommended bookmakers that offer excellent free bet offers and bonuses for new customers. Head to your desired site, sign-up, and enjoy the free bets during Cheltenham.

How do I get more free bets?

Punters are limited to one betting account with each bookmaker, but you’re not limited in the number of bookmakers you can join. So check out all the leading bookmakers and see which ones catch your eye with their free bet offers for new customers – ideal for using at the Cheltenham Festival.

Does free bet have cash out?

Typically, free bets cannot be cashed out, although this varies between bookmakers, so it’s best to check the relevant terms and conditions attached to each offer.

Where can I find horse racing tipsters?

Many horse racing tipsters are sharing their selections online or in national newspapers. However, we prefer to use a well-regarded tipping site such as, which will provide free tips for every race at the Cheltenham Festival 2023.