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Betting Sites » News » Betfred bonus code FRED40: Get up to £60 in Cheltenham free bets

Betfred bonus code FRED40: Get up to £60 in Cheltenham free bets

Use Betfred bonus code FRED40 when you sign up to receive up to £60 in free bets across Cheltenham Festival week. It’s a great way to start your betting journey in a week that also includes some mouthwatering Europa League action.

How to claim up to £60 in free bets with Betfred’s Cheltenham betting offer

Although Betfred’s sign-up offer ahead of the Cheltenham Festival offers you an already impressive £40 worth of Betfred free bets, you can actually double that and earn yourself up to £60 if you follow the steps below.

  1. Click here and you’ll be taken directly to Betfred’s site.
  2. Once you’re happy with the T&Cs of the offer, tap the Claim Here button to start the registration process.
  3. On doing so, you’ll see a message pop-up confirming that Betfred Promo Code FRED40 has been added.
  4. Complete the Betfred registration form with your personal and contact details.
  5. Make your first deposit and place a qualifying bet on the first race on Wednesday.
  6. £50 in Betfred free bets will be credited once the qualifying bet has been settled – that’s £40 for the welcome offer + £10 for betting on the day’s first race.
  7. On day 4 of the Cheltenham Festival, place another £10 bet on the first race of the day to receive a further £10 free bet.
  8. You’ll have earned yourself a total of £60 in Betfred free bets – a £40 welcome offer + an additional £10 free bet each day of the Festival.

Cheltenham Festival Day 3 preview

Now you know how to get your hands on up to £60 in Cheltenham free bets, the next job is to work out who to back. Check out our preview below as we dive into the first race of the day.

Turner Novices Hurdle preview (Today 4pm)

The 2026 Ryanair Chase at the Cheltenham Festival is shaping up to be a thriller, with Willie Mullins’ defending champion Fact To File leading the nine-runner field as the odds-on favourite. Fresh off a dominant victory in the Irish Gold Cup, his natural cruising speed and accurate jumping make him the clear horse to beat over this 2m 4f trip.

The biggest threat comes from Nicky Henderson’s star Jonbon, who brings immense class as he steps up in distance for this contest. Last year’s runner-up Heart Wood and the high-class Impaire Et Passe are also hoping to upset the favourite. While Fact To File sets a massive standard, the depth of this field makes it an unmissable clash.

Ryanair Chase runnersBetfred Cheltenham Festival odds
Fact To File11/10
Jonbon 4/1
Impaire Et Passe5/1
Banbridge7/1
Heart Wood14/1
JPR One40/1
Matata50/1
Master Chewy100/1
Betfred Cheltenham Festival betting odds, correct at 9:35am on 12th March 2026

Queen Mother Champion Chase (Today 4pm)

The spotlight shines blindingly on Majborough, wearing the famous green and gold JP McManus silks. He arrives as a heavily backed favourite. Trying to spoil the party is L’Eau Du Sud, who has been cleverly freshened up by the Skelton yard specifically for this two-mile target.

Don’t discount the gritty veteran Captain Guinness either; he sensationally won this race in 2024 and knows exactly what it takes to scale the Cheltenham hill. It’s promises to be a great clash in the feature race today.

Betfred Horse Racing
Bet £10 Get £40 in Free Bets + £10 Free Bet when you Bet £10 on the First Race each day
  • Great Loyalty program
  • Range of horse racing promotions available
New customers only. 00:00 06/03/26 – 23:59 13/03/26. Register with FRED40, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get £20 in Sports Free Bets & £20 in Acca Free Bets within 24 hours of settlement. 7-day expiry.  Eligibility, payment exclusions & T&Cs Apply. £10 Win/EW single on 13:20 Cheltenham 10-13/03/26. £5 E/W will count. Free Bets on settlement. Restricted to bets on Cheltenham. Removed 17:30 on same day. T&Cs Apply. GambleAware.org

Betfred Cheltenham Festival sign-up offer – Key Terms

Bonus Amount£40 initially, rising to up to £60
Betfred Promo CodeFRED40
Minimum Wager£10 initially
Minimum Odds1/1
Betfred bonus code terms and conditions: New customers only. 00:00 06/03/26 – 23:59 13/03/26. Register with FRED40, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get £20 in Sports Free Bets & £20 in Acca Free Bets within 24 hours of settlement. 7-day expiry. Eligibility, payment exclusions & T&Cs Apply.
Betfred Horse Racing
Bet £10 Get £40 in Free Bets + £10 Free Bet when you Bet £10 on the First Race each day
  • Great Loyalty program
  • Range of horse racing promotions available
New customers only. 00:00 06/03/26 – 23:59 13/03/26. Register with FRED40, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get £20 in Sports Free Bets & £20 in Acca Free Bets within 24 hours of settlement. 7-day expiry.  Eligibility, payment exclusions & T&Cs Apply. £10 Win/EW single on 13:20 Cheltenham 10-13/03/26. £5 E/W will count. Free Bets on settlement. Restricted to bets on Cheltenham. Removed 17:30 on same day. T&Cs Apply. GambleAware.org