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Betting Sites » News » Betfred bonus code FRED40: Get up to £70 in Cheltenham free bets

Betfred bonus code FRED40: Get up to £70 in Cheltenham free bets

Use Betfred bonus code FRED40 when you sign up to receive up to £70 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 Champions League action.

How to claim up to £70 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 £70 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 3 of the Cheltenham Festival, place another £10 bet on the first race of the day to receive a further £10 free bet.
  8. Repeat the process on day 4, placing further £10 bets on each day’s opening race.
  9. You’ll have earned yourself a total of £70 in Betfred free bets – a £40 welcome offer + an additional £10 free bet each day of the Festival.

Cheltenham Festival Day 2 preview

Now you know how to get your hands on up to £70 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 (Wednesday 1.20pm)

With a remarkable 22 horses declared and the field shaping up to be the largest in recent history, the 2026 Turners Novices’ Hurdle is a wide-open puzzle. Paul Nicholls’ No Drama This End and Gordon Elliott’s Ballyfad currently share favouritism at the top of the market. They face fierce competition from Nicky Henderson’s Act Of Innocence, who recently bounced back to win at Huntingdon, and Willie Mullins’ highly-regarded King Rasko Grey.

Trainer Paul Nicholls is chasing his maiden Turners Novices’ Hurdle victory as No Drama This End prepares to take the stage. With the yard fielding an unbeaten Challow Hurdle winner and desperate to break their long-standing curse in this specific race, a historic Wednesday triumph at Cheltenham would be perfect for a spectacular year. Have a look at some of the favourites for the race tomorrow below.

Turner Novices Hurdle runnersBetfred Cheltenham Festival odds
No Drama This End7/2
Sober15/2
Act Of Innocence7/1
King Rasko Grey8/2
Bossman Jack9/2
Ballyfad11/1
Skylight Hustle14/1
Sortudo18/1
Shuttle Diplomacy25/1
Ill Sort That25/1
Hurrican Pat33/1
Taurus Bay33/1
Betfred Cheltenham Festival betting odds, correct at 4:30pm on 10th March 2026

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 £70
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