BetMGM Cheltenham Free Bets
The Cheltenham Festival is the highlight of the jumps season and BetMGM are offering a welcome bonus to new customers.
BetMGM is a relatively new online firm and sponsors the Queen Mother Champion Chase, one of the most prestigious Grade 1 races at the big meeting.
Sign up and receive a £40 free bet for the Cheltenham Festival
The bookmaker is making strides in the online betting world so read on to find out more about the welcome offer to new customers.
BetMGM Existing Customer Free Bets - May 2026
BetMGM Casino Offers - May 2026
How to claim your £40 in BetMGM Cheltenham free bets
It is a simple process to claim the new customer welcome offer. Follow this step-by-step guide below to sign up.
- Click on any link to BetMGM to create an account.
- Deposit £10 or more and place a qualifying bet of that value on a sportsbook market with odds of evens or greater.
- Receive your BetMGM welcome bonus of two x £10 bets on horseracing singles and two x £10 bets on horseracing multiples
| BetMGM Cheltenham Offer: | Get £40 in Free Bets When You Bet £10 |
| Minimum Stake: | £10 |
| Maximum Stake: | No max |
| Offer Expiry: | Ongoing |
| Last updated: | 25.02.2026 |
| Racing Post Rating: | 4.2/5 |
How to use your BetMGM Cheltenham free bet
Simply click here and create an account, deposit funds, and wager on a qualifying sportsbook market, such as any of today’s UK and Irish horseracing.
Claiming your bonus is just the start. We will now explain how to use your BetMGM Cheltenham betting offer for the best results. We aim to speed up the process and give you more time to do that all-important form studying.
- Deposit £10 or more and bet on a sportsbook market with odds of evens (2.0) or greater.
- The free bet tokens will appear in your balance in the form of two x £10 bets on horseracing singles and two x £10 bets on horseracing multiples
- Click the horse racing tab on the BetMGM platform, Cheltenham, the race you wish to bet on and select the odds of your chosen runner.
- Visit your betslip and input the stake, check, and confirm
- The funds needed to cover the bet are then withdrawn from your free bet allowance.
- New customers only
- Free Bets cannot be used on e-sports and non UK/IRE horseracing, 7-day expiry
- Stake not returned
T&Cs apply. 18+ GambleAware.org.
Why bet with BetMGM on Cheltenham?
BetMGM provides an expansive range of early betting markets, special markets and bonuses, including free bets and enhanced odds.
The bookmaker already has ante-post markets for many of the 28 races at the Cheltenham Festival 2026 and they often offer industry-leading prices.
There are specials markets to focus on too, including winning distances, top jockey and trainer and more.
New players receive £40 in free bets when gambling at BetMGM on the Cheltenham Festival. Existing customers also enjoy some exciting promotions, including non-runner money back.
Range of sports to bet on with BetMGM
Let’s not forget the other sports available to gamble on at BetMGM. In addition to the stunning £40 welcome bonus and the Cheltenham betting markets, BetMGM also offers great odds and bonuses on other sports.
There’s Premier League and Champions League football, Formula One, Grand Slam tennis, heavyweight boxing, and the Ultimate Fighting Championship (UFC). Check those pages and the promotions tab for a complete list of the deals available.
How to sign up for a BetMGM Cheltenham offer
Are you looking to sign up for a BetMGM account ahead of the 2026 Cheltenham Festival? Simply follow the step-by-step guide below.
- Click this link to claim the BetMGM new customer offer.
- Deposit £10 or more using a card and gamble on a selection with odds of 1-1 or higher.
- Find £40 worth of free bet tokens in your balance.
- Select the horse you wish to back and use the free bet tokens to cover the stake.
- Your bet will become live, and any winnings won’t include the free bets.
How to place a bet for Cheltenham with BetMGM
The process of placing a bet with BetMGM is very simple. You can use the website or app and just ollow these steps to place a bet for Cheltenham with BetMGM.
- Log in or register at BetMGM.
- Click on horse racing > Cheltenham > time of the race.
- Select the odds attached to your chosen horse.
- Visit the betslip, input the stake, check, and confirm.
- Your bet becomes live, and a cash-out amount is added to your pick.
- If your bet wins, you get the profits, but if it loses, the bookie keeps your stake.
Key features of the BetMGM Cheltenham sign-up offer
It’s important to note that you must select the free bets via the checkbox on the betslip after selecting the qualifying markets.
Once credited, the free bet tokens need to be used within seven days; otherwise, they expire.
You cannot use the free bets on horseracing markets outside of the UK and Ireland or on e-sports.
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- £40 in free bet tokens is awarded as 4x £10 free bets (two x £10 bets on horseracing singles and two x £10 bets on horseracing multiples)
- Existing customers can’t claim the welcome bonus but can use other promos.
- Your winnings won’t include the free bet stakes.
- You can’t cash out your qualifying bets.
BetMGM Cheltenham free bet: full terms and conditions
Potential new customers should read the terms and conditions attached to the welcome bonus before registering an account.
Here are some of the key features of the BetMGM Cheltenham free bet – be sure to take them all on board.
- £10 deposit and qualifying bet required
- You have seven days to qualify for the bonus
- Winnings don’t include the free bet stake
- Free bet tokens can’t be exchanged for cash
See the website or app for T&Cs 18+ GambleAware.org
Can I watch the Cheltenham Festival on BetMGM?
BetMGM users can watch an excellent live-streaming feature that allows all members to watch live horseracing from Cheltenham using their mobile or laptop.
You do not even have to place a bet to watch the live stream. The only requirement is that you are logged in to your BetMGM account.
Remember to gamble responsibly
Gambling can be an enjoyable and exciting form of entertainment, but it can also be a serious risk if not done responsibly. It is important to understand the risks associated with gambling and to take steps to minimise them. You can always call the National Gambling Helpline on 0808 8020 133 or visit www.gamstop.co.uk if you need extra help or advice.
To discover more horse racing betting offers and free bets for both new and existing clients, make sure to explore the promotions provided by other top bookmakers in the UK and Ireland:
Commercial notice: This article contains affiliate links. Offers are handpicked and come from operators that our experts have first-hand experience of. Opening an account via one of these links will earn revenue for the Racing Post, which will be used to continue producing our award-winning coverage of horseracing.
FREQUENTLY ASKED QUESTIONS
New customers must place a qualifying bet of £10 at odds of evens or greater within seven days of registering an account. On the settlement of the qualifying bet, you are awarded £40 in free bet tokens.
Once the above qualifying bet has been settled, your account will be credited with £40 in free bets in the form of two x £10 bets on horseracing singles and two x £10 bets on horseracing multiples.
No, this offer is solely for new customers with BetMGM. You can claim your £40 free bets here.