Paddy Power Cheltenham Offers & Free Bets for Day 1: 2026 Cheltenham Festival
Craig Jones 
The Cheltenham Festival is here and we’ve taken a look at the 2026 Paddy Power Cheltenham offers for the greatest week in horse racing.
We search for the best Cheltenham betting offers and Paddy Power has plenty. It's not just for new players either, with dedicated existing customer free bets available on three days of the 2026 Cheltenham Festival.
Alongside offering free bets, Paddy Power have the complete horse racing service, with best odds guaranteed, extra place races, and plenty more specials to give punters the best value.
Paddy Power Cheltenham Free Bets & Offers
For new players looking to sign up with Paddy Power, they have their welcome offer available which can be taken for the Cheltenham Festival.
One of the best UK betting sites, the Paddy Power new player offer is a bet £10 get £60 in free bets offer. This is an offer that has been designed specifically for the Cheltenham Festival, so you're getting a bigger Paddy Power Cheltenham offer than what's usually on the market for racing fans.
How to Claim Your Paddy Power Cheltenham Offer - Bet £10 Get £60 in Multis
- Click on the ‘Claim Offer’ button above.
- Open a new account with Paddy Power and deposit a minimum of £10 via cards or Apple Pay.
- Place a £10 Sportsbook bet at min. odds 1/1 (2.00)
- You’ll receive a total of £60 in free bets, given as 6 x £10 to spend on multiples, accumulators or bet builders.
- You’ll be able to see details of your free bets in the ‘My Free Bets’ tab which can be accessed at the top of the website.
- To use your free bets, add the selections to your betslip that meets the terms and conditions of this offer.
Paddy Power Enhanced Odds for Cheltenham
Not only do we have Paddy Power free bets for new customers, but we've also got enhanced odds for day one of the Cheltenham Festival.
The Arkle Chase is one of the features of day one, and they're offering 60/1 on either Lulamba or Kopek Des Bordes to win the Arkle, you can choose either one and get 60/1 on them winning.
This offer is paid out in cash at the regular price, and then the remainder is paid out in free bets to be used on multiples, accumulators or bet builders.
If you're looking for enhanced odds, this is a great day one offer featuring two of the most popular runners.
Why Paddy Power for Cheltenham?
An Irish brand with deep roots in horse racing, Paddy Power Cheltenham free bets are going to be popular for the 2026 festival, as plenty of players look to get involved.
That history, combined with cutting edge promotions, great value for customers and an easy to use platform all combine to deliver something very impressive.
What else stands out for Paddy Power? Check out the main Paddy Power Cheltenham features below:
✅Get £60 in free bets as a new customer
✅Three daily free bets to claim for existing customers on Tuesday, Wednesday & Thursday of the festival
✅Get best odds guaranteed to be paid at the biggest price
✅Daily extra place races for each way punters
✅Money back on selected races if 2nd or 3rd to SP favourite
✅Refer a friend to earn £20 in cash when they sign up & stake
Paddy Power Cheltenham Offers for Existing Customers
It’s not just new players that Paddy Power have their eye on, they are also known to be one of the brands that always focus on their existing customers.
For this reason, you can expect to get a range of offers available to you as an existing customer.
When it comes to horse racing and the Paddy Power Cheltenham offers, they will have plenty available during the week.
Cheltenham Free Bet - Tuesday, Wednesday & Thursday
Want a Cheltenham free bet as an existing customer? They're not easy to find, but Paddy Power have not one, but three planned for next week.
They're offering existing customers three Cheltenham free bets, one per day for the first three days of the festival.
Here's the key terms to this offer:
How and when can I qualify?
- Claim your Tuesday free bet via promo page after 1pm Sunday 8th March.
- Claim your Wednesday free bet via promo page after 5:00pm Tuesday 10th March.
- Claim your Thursday free bet via promo page after 5:00pm Wednesday 11th March
- Customers must claim the free bet first from the promotion page to then use it in their betslip when placing a bet.
How will my free bet work?
- One free bet per customer.
- Free Bet can be used on any Cheltenham race Tuesday, Wednesday & Thursday
- Free Bet can be used on any race each day
- Free bet stake not included in any subsequent winnings.
- Free bet varies from £1 - £50
Paddy Power Best Odds Guaranteed
One of the most popular offers from any brand when it comes to horse racing. Best odds guaranteed allows you to take the price on your selection in the morning, and not worry what happens after that, as it’s a win-win scenario for you.
If the horse drops in price, you are already locked in at the higher morning price. If the horse drifts, and the SP is bigger, you will be paid out at the bigger SP price, covering all bases to get you the best odds for your bets.
Paddy Power Money Back if 2nd or 3rd to SP Fav
An offer to look our for from Paddy Power on selected races at the Cheltenham Festival is this money back offer when your horse runs behind a favourite.
With this offer, they will give you your money back if you are second, and sometimes third, to the SP favourite of that race. This is a consolation offer that can be seen for specified races throughout Cheltenham week, especially the bigger races, so look out for it being available.
Refer a Friend & Earn £20
Do you have a friend that wants a new betting site? Refer them to Paddy Power, and if they sign up and wager using your dedicated link, you'll receive £20 in cash, added to your account for doing so.
If you've got plenty of friends betting at Cheltenham this year, then don't forget about this one, to earn yourself some extra funds for the meeting.
Paddy Power Cheltenham Sponsored Races
As a demonstration of their ongoing commitment to UK horse racing, Paddy Power continue to put their name behind some of the sport's most prestigious occasions, and the Cheltenham Festival is no exception.
For 2026, Paddy Power will sponsor two races at the meeting, the Stayers Hurdle on Thursday and the Mares' Chase on Friday.
Both are a big part of the Festival programme, attracting strong fields and plenty of punter interest, which makes them a natural fit for a bookmaker of Paddy Power's profile.
While nothing has been officially confirmed at this stage, it would be far from surprising to see Paddy Power roll out dedicated promotions tied to their sponsored races.
Given the visibility these events carry, tailored offers such as free bets, enhanced each way places or boosted odds on the feature selections would be a logical step, and potentially a very attractive one for punters with an interest in either race.
Paddy Power Cheltenham Offers: FAQs
Does Paddy Power have a Cheltenham free bet offer?
Can existing Paddy Power customers get a Cheltenham offer?
How do I use my Paddy Power free bets at Cheltenham?
Does Paddy Power offer Best Odds Guaranteed at Cheltenham?
What is the Paddy Power Cheltenham promo code?
