THE famous Cheltenham roar is just around the corner, and if you’re looking to build your betting bankroll ahead of the Festival, Betway has just dropped an absolute blinder of a promotion.
Whether you love a massive accumulator or are looking to build a healthy stash of free bets for the greatest show on turf, the latest Betway Cheltenham offer gives you the best of both worlds.
Not only do new customers get a chunky £40 in free bets right off the bat, but you can also opt into their “Countdown to Cheltenham” to build a massive free bet pot to spend during race week.
Here is exactly how the offer works and how you can get involved.
Part 1: The bet £10, get £40 welcome offer
First things first, getting your hands on the initial sign-up bonus is incredibly straightforward. Betway is offering new punters £40 in free bets when they sign up and place a £10 qualifying bet.
Here is how your £40 reward is broken down once your first bet settles:
- 1x £10 Free Bet Token for a Bet Builder (Min 4+ legs, odds of 4.0+)
- 1x £10 Free Bet Token for a Bet Builder (Min 4+ legs, odds of 4.0+)
- 1x £10 Free Bet Token for an Accumulator (Min 4+ legs, odds of 4.0+)
- 1x £10 Free Bet Token for an Accumulator (Min 4+ legs, odds of 4.0+)
How to claim your £40:
- Sign up: Create a new Betway account.
- Deposit £10: You must use a valid debit card (e-wallets like Revolut or Payrnet are excluded).
- Place Your Bet: Place a £10 single bet at minimum odds of Evens (2.0), or an each-way bet at odds of 2/1 (3.0) or higher.
- Get Rewarded: Once your bet settles, your £40 in free bet tokens will instantly drop into your account.
Part 2: Build your Cheltenham pot
The perks don’t stop once you’re a customer. Betway’s “Countdown to Cheltenham” is where the real fun begins for regular punters. By opting into the Free Bet Club, you can stack up free bets to use specifically during the Festival.
Spend £25 on sports trebles or higher (odds of 2/1+) between Saturday and Friday, and Betway will credit you with two £5 Free Bets for the weekend. More importantly, they will add a £10 Free Bet to your Cheltenham Pot.
If you qualify every week leading up to the Festival, they will even throw in a £20 bonus!
Your Cheltenham Pot Timeline
| Qualification Week | Dates | Cheltenham Pot Addition |
| Week 1 | Sat 7th Feb – Fri 13th Feb | £10 Free Bet |
| Week 2 | Sat 14th Feb – Fri 20th Feb | £10 Free Bet |
| Week 3 | Sat 21st Feb – Fri 27th Feb | £10 Free Bet |
| Week 4 | Sat 28th Feb – Fri 6th Mar | £10 Free Bet |
| The Bonus | Qualify all 4 weeks! | Extra £20 Free Bet |
👇 Why else should punters join Betway?
If the massive welcome bonus and the Cheltenham Pot aren’t enough, here are a few other reasons Betway remains a firm favourite for racing fans:
- Betway Boosts: Daily enhanced prices on the biggest races and football matches.
- Slick mobile app: The Betway app is incredibly fast, making it perfect for getting your bets on quickly before the tape goes up at Prestbury Park.
- Live streaming: Watch the action unfold directly on your device if you’ve placed a qualifying bet on the race.
- Safer gambling: Betway offers top-tier tools to help you set deposit limits and gamble responsibly, ensuring the fun stays in the game.
The need-to-know T&Cs for the Betway Cheltenham offer
Nobody likes reading the fine print, but it’s vital to ensure you don’t miss out on your bonuses. Here are the main rules to remember:
- New UK customers only.
- Debit card deposits only.
- The initial £40 in free bet tokens expires 7 days after being credited.
- The Cheltenham Pot free bets must be used on Cheltenham Racing at minimum odds of Evens (2.0+).
- Always gamble responsibly. 18+ GambleAware.org.
About the author
Craig Mahood
Craig Mahood is an expert in sports betting and online casinos and has worked with the company since 2020. He joined the Betting & Gaming team at The Sun in June 2022 and works closely with the leading bookmakers and online gaming companies to provide content on all areas of sports betting and gaming. He previously worked as a Digital Sports Reporter at the Scottish Sun, covering Scottish football with particular focus on Celtic and Rangers, As well as football, he has covered horse racing, boxing, darts, the Olympics and tennis for the Sun.
Remember to gamble responsibly
A responsible gambler is someone who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn’t gamble if they’re upset, angry or depressed
- Gamcare – gamcare.org.uk
- GambleAware – GambleAware.org
Read our guide on responsible gambling practices.
For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to gamstop.co.uk to be excluded from all UK-regulated gambling websites.
