Bet £10 Get £40 in Free Bets for Cheltenham! Betfred Sign Up Offer

Betfred have this amazing welcome offer for new customers just in time for Cheltenham Festival, which can be claimed immediately.

The generous bookmaker is offering £40 in Free Bets if you place a £10 bet on any Sportsbook market with odds of EVENS or greater. To claim this offer, simply follow the steps below to grab your £40 in Free Bets.

On top of the £40 in free bets, Betfred are offering new and existing customers the opportunity to take part in gaining a £10 free bet for every day at Cheltenham.

1. To claim your £40 in free bets, start by clicking GET OFFER or on any of the links and images you see on this page.

2. To create a new Betfred account, click CLAIM HERE on the landing page of this offer to start your registration process.

3. The first step is to enter your personal details, including name, email address, username, password, and mobile number.

4. The next step is to set deposit limits and submit funds of £10 into your account. Verified payment methods include: VISA, MasterCard, Neteller, Skrill, PayPal, PaySafeCard and Instant Bank Payment.

5. Make your first qualifying deposit of at least £10 within 7 days of registering an account with Betfred on any SportsBook market with qualifying odds of EVENS or greater.

6. Your £40 in Free Bets will be credited within 24 hours of your qualifying bet being settled, and can be used as follows:

• £20 to use on any Sportsbook Markets
• £20 to use on win-only Accumulators (4+ selections).

New customers need to use the promo code FRED40 for this offer - clicking on the link will automatically claim this offer.

How do you qualify?

Well, to qualify, all you need to do is place a £10 win bet (£5 Each Way will qualify) on the first race of each day of Cheltenham. You must bet on the following races to be eligible for this promotion:

• Tuesday 10/03/26 - 13:20 Sky Bet Supreme Novices’ Hurdle
• Wednesday 11/03/26 – 13:20 Turners Novices’ Chase
• Thursday 12/03/26 – 13:20 Ryanair Mares’ Novices’ Hurdle
• Friday 13/03/26 – 13:20 JCB Triumph Hurdle

You will receive £10 in Free Bets after bet settlement to use on Cheltenham on the same day.

Any unused Free Bets will be removed at 23:59 on the day of bet settlement.

Established in 1967, Betfred have confirmed their status as one of the premier bookmakers in the UK. To this day, Betfred remains a reliable and trusted bookmaker, with their extensive coverage of Horse Racing markets ahead of Cheltenham.

Betfred's coverage of Cheltenham is excellent, with various promotions and price boosts across Racing's biggest festival. The first thing you see on their landing page is designated Cheltenham odds across the first two days, along with multiple boosts providing you with the best value possible.

Betfred offers a promotion tailored to multiple betting. Lucky 15, 31 and 61 bets will see players get up to 5x the odds if they only land one winning selection. Bettors can also take advantage of best odds guaranteed on all UK and Irish Racing from 8 am. Another way in which you can earn money through Betfred is their Beat Fred game, where you can win up to £5000 in cash should you answer six questions correctly.

Full T&Cs apply.

Terms & Conditions

Our general Betfred Terms and Conditions apply to this Offer in addition to the Significant Conditions below. If there is any conflict between the Significant Conditions and our general Terms and Conditions, the Significant Conditions will take precedence.

Who is eligible for this Welcome Offer?

New customers residing in the UK, Ireland and Gibraltar who are at least 18 years old.
Customers who register an account using promo code FRED40, from 00:00 UK Time on Friday 6th March until 23:59 UK Time on Friday 13th March 2026.
Customers must be successfully verified by us before any Free Bets are awarded. Please see our Verification Policy for more details.

How do you get the Free Bets?

Make your first qualifying deposit of at least £10 within 7 days of registering an account with us.
A qualifying deposit must be made directly with a debit card, or a debit card linked to Apple Pay or Truelayer (Instant Bank Transfer). No other payment method will qualify.

Place your first bet of £10 or more on any qualifying Sportsbook markets, at odds of Evens or greater (2.0+), which must settle within 7-days of registering for your account. Two or more separate bets with a combined stake of £10 will not qualify. Only your very first valid bet will count.

If your bet is voided or cancelled by us; it will not count and the next valid bet you place will be considered instead.
If your account is set to euros you will need to deposit and bet €10 to qualify.

What will not qualify?

Bets placed using Free Bets.
Bets on Totepool and Virtual Sports.
If you CashOut your qualifying bet.

When will you be credited with your Free Bets?

Your £40 in Free Bets will be credited within 24 hours of your qualifying bet being settled, and can be used as followed:

£20 to use on any Sportsbook Markets
£20 to use on win only Accumulators (4+ selections).
Crediting may be delayed if additional documentation is required.

Are there any other limitations you should know about?

Free Bets cannot be withdrawn as cash and will not form part of any winnings returned.
Free Bets cannot be used on Combination Forecasts, Tricasts, and Combination Forecast Doubles & Trebles bet types.
Accumulator Free Bets cannot be used on each-way accumulators
Any unused Free Bets will expire 7 days after issue.
One welcome offer per address/IP address/device or mobile number. Previous account holders are not eligible for the offer. Anyone opening a Betfred.com account that has previously held an account with us that is closed does not qualify for the offer.
In the event of a dispute, the decision of the Betfred Management Team will be final and based on our Terms and Conditions.

Can we change or remove this Welcome Offer?

We may remove and change this Welcome Offer without notice. These changes will not affect any Welcome Offer that you may have already registered for, or placed any qualifying bets towards, other than where this is necessary to prevent fraud or other similar unlawful behaviour.

Betfred reserve the right to withdraw the promotion, if required, for reasons beyond our control, such as system failures or supplier withdrawal (not exhaustive). In the instance that this happens, we will endeavour to communicate any withdrawal in a timely manner.

Cheltenham Daily £10 Free Bet Terms and Conditions

Who is eligible for this Welcome Offer?

New and existing verified online customers can take part.
Restricted customers will not be eligible to take part in this promotion.

How do you qualify?

Opt in & place a Win or Each Way bet of up to £10 on the 13:20 on selected days at Cheltenham 2026. (£5 Each-Way will count). Qualifying races listed below:

Tuesday 10/03/26 - 13:20 Sky Bet Supreme Novices’ Hurdle
Wednesday 11/03/26 – 13:20 Turners Novices’ Chase
Thursday 12/03/26 – 13:20 Ryanair Mares’ Novices’ Hurdle
Friday 13/03/26 – 13:20 JCB Triumph Hurdle

What will not qualify?

Bets on any other race than the 13:20 at Cheltenham between 10-13/03/26.
Bet types that are not single bets.
Bets placed on specials market or boosted markets.
Bets placed using existing Free Bet funds.
Bets that are voided/cancelled.

What will you receive?

Receive £10 in Free Bets after bet settlement to use on Cheltenham on the same day.
The maximum Free Bet is £10 per customer (or currency equivalent).

When will you be credited?

Free Bets will be credited after bet settlement.

What are the conditions of my Free Bet?

Free Bets are exclusively applicable for use on any subsequent Cheltenham race on the same day (10-13/03/26) and will not be available for use on any other sport or product.
Free Bet balances can be split into as many bets as the customer desires (minimum 10p).
Free Bets cannot be withdrawn as cash.

Are there any other limitations you should know about?

Any unused Free Bets will be removed at 23:59 on the day of bet settlement.
One Free Bet per customer available on this promotion.
If selection is a Non-Runner then selection will not qualify for Free Bet.
In the event of a dispute, the decision of the Betfred Management Team will be final and based on our Terms and Conditions.
Free Bet stake will not be included in any winnings.
Free Bet stake is not exchangeable for cash.
Betfred reserve the right to exclude certain customers from this offer at our discretion due to internal risk policies and/or account staking restrictions. Customers will be notified separately if we have placed restrictions on their account.

Can we change or remove this Offer?

Betfred reserve the right to withdraw the promotion, if required, for reasons beyond our control, such as system failures or supplier withdrawal (not exhaustive). In the instance that this happens, we will endeavour to communicate any withdrawal in a timely manner.

For full Betfred Terms and Conditions, click here.