Sky Bet Cheltenham Offers: Free Bets & Enhanced Odds for Day 1 2026
Craig Jones 
Sky Bet are renowned for their promotions and free bets, and as you'd expect, they've lined up some fantastic Cheltenham Festival betting offers for the opening day of the meeting.
We've got Sky Bet free bets, plus a huge Sky Bet enhanced odds offer featuring one of the most popular horses of the first day.
If you're looking for a new place to bet, and you want to earn free bets to use at Cheltenham, then the current Sky Bet Cheltenham offers are right on this page.
Sky Bet Cheltenham Free Bets & Offers
If you're a new player then the main option is the Sky Bet Cheltenham offer giving free bets to new players. This currently gives £60 in free bets, to be used in multis, and to get them, you have to bet £20 yourself.
There's some fantastic further offers below, showing why many believe Sky Bet to be one of the best betting sites in the UK market.
How to Claim Your Sky Bet Cheltenham Offer - Bet £20 Get £60 in Multis
- Click on the ‘Claim Offer’ button above.
- Open a new account with Sky Bet and deposit a minimum of £20
- Place a £20 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 horse racing multiples.
- 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.
Sky Bet Enhanced Odds for Cheltenham
For the first day of the Cheltenham Festival, we've also got a Sky Bet enhanced odds offer, and if focuses around a horse that's going to be very popular with punters.
They're offering 60/1 on Lulamba to finish inside the top 3 in today's Arkle Chase, a race that has just six runners set to go to post.
Lulamba is one of the leading contenders in the betting, and comes here unbeaten over fences. Fancy him to go well? He doesn't even have to win to land the Sky Bet enhanced odds offer today, as they're offering 60/1 on him to place top three.
It's a big enhanced odds offer, with the maximum bet £1, and winnings paid out in 6 x £10 free bet tokens, to be used on horse racing multiples only.
Why Sky Bet for Cheltenham?
A British brand with serious pedigree in the sport, Sky Bet Cheltenham free bets are set to be hugely popular for the 2026 festival, with many punters looking to get involved across the four days.
Their position in the market, combined with standout promotions, strong value and a slick platform, makes Sky Bet a go to destination for Cheltenham Festival betting.
What else stands out for Sky Bet? Check out the main Sky Bet Cheltenham features below:
✅ Get £60 in free bets as a new customer
✅ Daily free bets for existing customers throughout the festival
✅ Best odds guaranteed on all UK & Irish racing
✅ Daily extra place races for each way punters
✅ Price boosts on the biggest races across all four days
Sky Bet Cheltenham Offers for Existing Customers
It’s not just new players claiming offers, there's Sky Bet Cheltenham offers for existing customers too.
Cheltenham Free Bet - Tuesday
Sky Bet are offering a completely free bet to their existing customers on Tuesday.
This is a £2 free bet, and can be used on Cheltenham horse racing markets only. You don't need to do anything other than opt in to claim the offer.
Key Terms
- Opt in Required
- Cheltenham races only.
- Free bet expires at 23:59 10/03.
- Free bet stakes not included in returns.
- Eligibility Restrictions & T&Cs apply
Cheltenham - £2 Free Bet When You Place £2 on a Cheltenham Multiple
Another offer from Sky Bet is this £2 free bet offer for existing customers, given when you place a £2 Cheltenham multiple.
The free bet is restricted to be used on any horse racing markets.
Key Terms
- Opt In required
- Free bet Racing Only
- Minimum odds 1/2.
- Minimum 2 legsÂ
- Bet type restrictions apply
- 3 day free bet expiry
- Free bet stakes are not returned.
- Eligibility Restrictions & T&CS apply
Sky Bet Cheltenham Offers: FAQs
Does Sky Bet have a Cheltenham free bet offer?
Can existing Sky Bet customers get a Cheltenham offer?
How do I use my Sky Bet free bets at Cheltenham?
