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Bet365 are offering a bet £10 get £30 welcome bonus for new customers signing up for Cheltenham Festival.
It’s a simple promotion for new customers signing up to one of the best betting sites for Cheltenham 2026.
The Bet365 Cheltenham offer stands out due to its flexibility – new players can deposit and bet between £5-£10, with free bets awarded at 300 per cent of their first wager.
For example:
• Deposit and bet £5 – Receive £15 in free bets
• Deposit and bet £7.50 – Receive £22.50 in free bets.
• Deposit and bet £10 – Receive £30 in free bets.
This means those on a lower budget can still claim a welcome bonus tailored to their needs. Free bet credits can be used on Cheltenham odds or any other sports markets on Bet365’s website or online betting app.
However, they must be used within seven days of being credited.
Is there a Bet365 bonus code for Cheltenham 2026?
No, there is no need to enter a bonus code when signing up to Bet365 for Cheltenham.
All you have to do is click through to this link or any links to Bet365 on this page, then sign up and deposit using a valid payment method before placing your qualifying bet.
New Bet365 feature ‘Position Payout’ for Cheltenham
Bet365’s new Position Payout market offers a simpler alternative to traditional Each Way betting and will be available on selected races at Cheltenham Festival.
Instead of dealing with place terms or fractions, bettors can see exactly what they will be paid for every finishing position before placing their stake.
Each horse displays fixed returns for finishing 1st, 2nd, 3rd and 4th (and sometimes more, depending on the race).
The higher your selection finishes, the bigger the payout. The transparency of knowing what you’ll win for each potential place removes the need to calculate 1/5 or 1/4 odds and makes it easier to understand potential returns.
Position Payout is a pre-race, fixed-odds market that can be included in multiples, with Cash Out available before the off.
However, it won’t apply to ante-post Cheltenham bets or Best Odds Guaranteed markets, but for festival races where big fields create place uncertainty, it provides a clearer, more straightforward betting option.
Other Bet365 Cheltenham features & offers
As one of the best horse racing betting sites, Bet365 provides a range of promotions for Cheltenham Festival punters:
Best Odds Guaranteed (BOG) – BOG is a popular racing promo, whereby if the starting price (SP) is higher than the odds taken, Bet365 pays out at the bigger price.
Bet Boosts – Selected runners at Cheltenham receive enhanced odds. Each day, there will also be a Super Boost. For example, Constitution Hill was boosted to an industry-best 6/4 on the opening day of the 2025 festival.
Racing Value – ‘First past the post’ payouts now include ante-post bets, ensuring you still get paid even if your horse is later disqualified.
Position Payout - Go to any Cheltenham race that offers the Position Payout feature. Each selection will display a return for finishing 1st, 2nd, 3rd, etc. Place your bet, and the higher your selection finishes, the higher your payout.
Winnings Boost - Navigate to the selected classification or specific race and add your selection to the bet slip. Click the ‘Winnings Boost’ option at the bottom and your return will be adjusted to include the increase to your winnings.
Each Way Extra - Each Way Extra gives you the option to increase or decrease the number of places in a race when you are betting Each Way on selected races.
My Horses – Track your favourite horses and receive alerts.
Colossus Bets – Engage in pool betting with the chance to win a share of a large prize fund.
Live Streaming – Watch all Cheltenham races live via Bet365’s website and betting app.
Racing Replay Archive – Review past performances to analyse form before placing a bet.
Responsible gambling
Cheltenham Festival is an exciting time for punters, but it’s essential to gamble responsibly.
The same applies whether you’re using online bookmakers, online casinos, slot sites, or any other gambling platform.
Bet365 provides safer gambling tools to help players stay in control, including:
- Deposit limits – Set a spending cap.
- Reality checks – Receive pop-up alerts on betting time.
- Time-outs – Take a short break (24 hours to six weeks).
- Self-exclusion – Ban yourself from betting for six months or longer if needed.
If you or someone you know needs support, here are some UK organisations offering free, confidential help:
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