Cheltenham is almost upon us, and that means we’re all on the hunt for some excellent betting deals! If this is your first Cheltenham, or you’re just looking for a new sportsbook in 2025, Spreadex is offering a generous Cheltenham betting bonus for customers who register in the run-up to the festival. Read on to learn more about this great deal and take a closer look at the unique betting experience offered at Spreadex.
SPREADEX CHELTENHAM SIGN UP OFFER
Spread betting losses can exceed deposit. 18+ www.gambleaware.org. Place a £10 fixed odds bet at minimum odds of 1/2 and get 2 x £10 free fixed odds bets, 4 x £5 free spread bets + £1 Race Index spread bet.
18+ Gambling Can Be Addictive. Please Play Responsibly. Registration Required GambleAware GamStop Gambling Commission.
Spreadex Free Bets Offer for Cheltenham 2025
Spreadex offers £40 in free bets when you sign up throughout the Cheltenham Festival. To claim these bets, all you need to do is deposit and wager £10 in your new Spreadex account. The qualifying bet must be made at 1/2 odds or longer, and you must spend it on fixed odds bets, not on a spread bet.
The £40 free bets will be credited to you in two lots as various betting tokens that can be used on specific types of bets. They are credited as follows:
- £10 fixed odds bet
- £5 total goals football spread bet
- £5 racing Winning Favourites spread bet
And these will be credited twice, once at qualification and again 24 hours later, for a total of £40. You’ll also receive a £1 Race Index spread bet with the first batch of free bets.
However, remember that you won’t be able to claim or use the spread betting free bets until you have a full spread betting account. Luckily, your free bets have a long expiry of 28 days, giving you plenty of time to get your account approved.
How To Join a Cheltenham Betting Site
Signing up for Spreadex has never been easier, but if it’s your first time, the commitment may be a little daunting. To help you through it, we’ve put together this step-by-step guide on how to join Spreadex in time for Cheltenham! Following our guide will ensure you don’t break any of the terms and conditions and get a hold of your free bets in no time:
- Use our link to reach the Spreadex sign-up page. This will ensure you activate the correct bonus and don’t miss out.
- Click ‘Join Here’ and enter your information to sign up. This will require sensitive information like your full name, date of birth, and home address.
- Complete verification—While most people will be granted their new account immediately, some customers may be asked to submit verification documents before they can open an account.
- Once you have a full account, make your first deposit into your fixed odds balance — Spreadex accounts have two balances, one for fixed odds betting and one for spread betting. Your qualifying bet needs to come out of your fixed odds balance.
- Place a qualifying bet of £10 at even odds or greater and wait for it to settle — you can look through the T&Cs for more information about the qualifying bet.
- Claim your free bets — after settling your qualifying wager, Spreadex will instantly credit the first half of your free bets to your account. The second half will reach you 24 hours later.
- Have fun — use your free bets on the Cheltenham Festival, and don’t forget to place them before expiry.
Notable Cheltenham Free Bets Terms and Conditions
All betting bonuses come with a slew of terms and conditions customers have to meet or risk having their bonus or even account revoked. However, we all know how boring it can be to read the terms and conditions. So, we’ve detailed some of the most notable terms and conditions you should be aware of and how they apply to your Spreadex deal:
- Wagering Requirements — This is the number of times you need to wager the value of your bonus before you’re allowed to withdraw it as cash. While some free bet deals have wagering, the free bets at Spreadex don’t! Just use your free bets once, and you’ll be free to withdraw any money you happen to win from it.
- Expiry Limit — bets aren’t going to hang around forever, so you need to make sure you use them within the allotted time frame. Spreadex free bets last much longer than most free bet bonuses, giving you a full 28 days before expiry! So take your time and feel free to use them on more creative bets.
- Betting Restrictions — free bets aren’t the same as free betting balance, and most of the time, you have to use your free bets not only at specific values but also on specific markets. The Spreadex free bets are varied, and you’ll have to use them either for fixed odds betting or specific spread betting markets. You can check the T&Cs or our description above for more details.
- Valid Payment Methods — to claim your bonus, you’ll have to make a deposit for your first wager, but sometimes there’s a catch. You have to use an appropriate payment method so the sportsbook can verify the payment is legitimate. At Spreadex, make sure you deposit with a debit card or through a direct bank transfer to avoid forfeiting your bonus.
Betting Markets for Cheltenham at Spreadex
Spreadex is a unique sportsbook offering spread and traditional fixed odds betting. So, while you can still place all your favourite horse racing combination bets, Spreadex also has many unique betting markets to check out. We’ve detailed some of the most common Spreadex racing betting options below:
| Bet | Description |
| Win | The most simple form of racing bet is a wager on which horse will place first. |
| Place | A wager that a horse will place in a race, not just take first. The number of places covered by a place bet varies depending on how many racers are running. |
| Each Way | A combined win and place bet that covers a single racer whether they place or come in first. |
| Forecast/Reverse Forecast | A bet on the racers that will place in first and second, in a specific order. When you place the opposite bet on top of the first, it’s called a reverse forecast. |
| Tricast | A bet on which racers will place first, second, and third in a specific order. When more bets are added to cover other orders, it becomes a combination tricast. |
| Doubles/Triples | The smallest types of multiples only pay out when all selections of the bet win. A double has two selections, and a triple has three. |
| Accumulator | Any multiple bet with four or more selections, often abbreviated to ‘Acca.’ Accumulators don’t pay out unless all selections win. |
| Lucky 15 | A special kind of combination bet that covers four selections across 15 bets: 4 singles, 6 doubles, 4 triples and an accumulator. When you add a fifth and sixth selection to the mix, the bet upgrades to a Lucky 31 or 63, respectively. |
| SP of Winner | A spread bet on the starting price of the eventual winner of a race. |
| Favourite Performance | A spread bet on where the race’s favourite will place. |
| Biggest Winning SP | A spread bet on the highest winning starting price across a whole racing festival. |
| 1st to 3rd Distances | The distance between the winning runner and the runner is third. |
Betting Features for Cheltenham at Spreadex
Spreadex is one of the most interesting sportsbook options for betting on the Cheltenham festival because of its unique features. Not only does it offer new ways to bet, but it also provides useful betting promos to cushion your wagers. We’ve outlined our favourite betting features from Spreadex below.
First Past the Post
Horse racing bets at Spreadex have the ‘first past the post’ insurance applied. This promises in the event of post-race changes to the outcome of a race, wagers affected by those changes will receive a payout according to which horse actually crossed the finishing post at the moment. Not only that, but this doesn’t nullify the new winners either, as both get their payday. With Spreadex’s ‘First Past the Post,’ you’ll never have to deal with that intense disappointment.
Spread Betting
Of course, the feature that Spreadex is best known for is its combination of fixed odds and spread betting. While it can be daunting, spread betting offers a whole new way to engage with sports betting that can result in exponentially increasing profits depending on how right you are about a wager. It also means you can be much more creative with the kinds of bets you place, no longer limited to where runners place, but also how high their starting price is or how much a horse wins by. Just be careful because spread betting can result in very high profits, but it can also lead to losing more money than you staked.
If you are looking for other unique ways to bet during Cheltenham, check out our expert review of Tote.
Cheltenham Festival 2025 Overview
The Cheltenham Festival will start on Tuesday, March 11, 2025, and continue for four days. Seven races will be run each day, starting at 1:20 p.m. Below is a list of the races and when they’ll run. Each day has a feature race, which will be run at 4 p.m.
For those not attending the festival in person, most of the races will be aired on ITV throughout the week. For Spreadex customers, all races can be watched through the sportsbook using the live streaming feature on the site and in the app.
Tuesday 11th March — Champion Day
13:20 — The Michael O’Sullivan Supreme Novices’ Hurdle (Grade 1)
14:00 — The My Pension Expert Arkle Novices’ Chase (Grade 1)
14:40 — The Ultima Handicap Chase (Premier Handicap)
15:20 — The Close Brothers Mares’ Hurdle Race (Grade 1)
16:00 — The Unibet Champion Hurdle (Grade 1)
16:40 — The Fred Winter Juvenile Handicap Hurdle Race (Premier Handicap)
17:20 — The National Hunt Novices’ Chase (Novices’ Steeple Chase) (Novices’ Handicap)
Wednesday 12th March — Style Wednesday
13:20 — The Turners Novices’ Hurdle Race (Grade 1)
14:00 — The Brown Advisory Novices’ Steeple Chase
14:40 — The Coral Cup Hurdle (A Handicap Hurdle Race) (Premier Handicap)
15:20 — The Glenfarclas Cross Country Steeple Chase
16:00 — The BetMGM Queen Mother Champion Steeple Chase (Grade 1)
16:40 — The Johnny Henderson Grand Annual Handicap Steeple Chase Challenge Cup (Premier Handicap)
17.20 — The Weatherbys Champion Bumper (A Standard Open NH Flat Race) (Grade 1)
Thursday 13th March — St. Patrick’s Thursday
13:20 — The Ryanair Mares’ Novices’ Hurdle (Grade 2)
14:00 — The Jack Richards Novices’ Limited Handicap Chase
14:40 — The Pertemps Network Final (A Handicap Hurdle Race) (Listed) (Premier Handicap)
15:20 — The Ryanair Steeple Chase (Grade 1)
16:00 — The Paddy Power Stayers’ Hurdle (Grade 1)
16:40 — The TrustATrader Plate (A Handicap Steeple Chase) (Premier Handicap)
17:20 — The Fulke Walwyn Kim Muir Challenge Cup Handicap Steeple Chase (0-145)
Friday 14th March — Gold Cup Day
13:20 — The JCB Triumph Hurdle (Grade 1)
14:00 — The William Hill County Handicap Hurdle Race (Premier Handicap)
14:40 — The Mrs Paddy Power Mares’ Steeple Chase (Grade 2)
15:20 — The Albert Bartlett Novices’ Hurdle Race (Grade 1)
16:00 — The Boodles Cheltenham Gold Cup Steeple Chase (Grade 1)
16:40 — The St. James’s Place Festival Hunters Chase
17:20 — Martin Pipe Conditional Jockeys’ Handicap Hurdle (0-145)
Guide To Maximising Cheltenham Bets at Spreadex
Free bets are a fantastic boost to your bankroll, but they’re all for nought if you don’t use them properly. To ensure you can make the most of your Cheltenham free bets in 2025, we’ve put together a few tips to steer you in the right direction.
Grab Promos for the Festival
While making bets on Cheltenham can be exciting in its own right, it feels that much better when those bets don’t cost you as much. We recommend looking around for promos in the lead-up to the festival and making sure you’re placing bets at a top contender before the festival starts. Promos exist for new and existing customers, so shop around until you find something that works for you. If you’re interested in the Spreadex deal we described above, hop over there now and grab your bonus.
Alternatively, readers could check out one of the other top online bookmakers offering Cheltenham promotions, such as Betway. Learn more here.
Do Your Research
All sports betting is improved with research. It’s one of those activities where a solid knowledge of what you’re betting on can make a tangible difference and help your betting funds stretch further. But we aren’t suggesting you become an expert on horse racing to enjoy the festival. You’ll find plenty of tipsters online looking to help you make better choices when you bet in on Cheltenham in 2025, so peruse a few articles before committing to your next wager.
Gamble Responsibly
In among all the excitement of Cheltenham, it’s still important to remember to gamble responsibly. Exceeding your budget and losing it all in a week isn’t just going to hurt your wallet but your health and lifestyle. You can find details about the Spreadex responsible gambling tools below, but you can find these on any sportsbook you play at, so always take the time to read through a sportsbook’s safer gambling page before you get busy.
Responsible Gambling
Cheltenham is the biggest and best event on the horse racing calendar, but that makes it all the easier to get carried away in the excitement. Nothing will ruin your Cheltenham experience more than betting over your budget.
Thankfully, Spreadex has some tools in place to help you stay on top of your betting habits! Here’s a closer look at the tools you should be using and aware of as you bet on Cheltenham in 2025:
- Deposit limit — like all good sportsbooks, Spreadex has a deposit limiting tool that can put a hard limit on the amount of money you can put into your Spreadex account. However, head up, the Spreadex deposit limit is exclusive to the fixed-odds betting balance and doesn’t apply to spread betting.
- Helplines and links — If the help offered at Spreadex isn’t enough, you can turn to one of the many expert helplines or sites listed on the Spreadex responsible gambling page.
- National Gambling Helpline: 0808 8020 133
- GamCare: https://www.gamcare.org.uk
- GambleAware: https://gambleaware.org/
- Self-exclusion — when you need a long-term solution, self-exclusion is there to keep you in check. This voluntary program will cut off your Spreadex account and all advertising communications for a minimum of six months and lasts as long as five years.
Frequently Asked Questions (FAQs)
Can I withdraw Cheltenham Free Bet winnings?
When you win a profit off of a Cheltenham free bet, you can keep the winnings. Spreadex free bets only need to be used once before any winnings can be withdrawn.
Do I have to be a new customer to claim Cheltenham bonuses?
While most Cheltenham offers are exclusively for new customers, plenty of deals are available for existing customers. These include insurance deals, boosts, and the best odds guaranteed.
Does Spreadex offer money-back Cheltenham offers?
Spreadex offers a ‘2nd to a Rag’ insurance bet on horse racing, which can be applied to the Cheltenham festival. You’ll receive your stake back as a free bet, not as a withdrawable balance.
Is there a Spreadex promo code for Cheltenham?
The Spreadex welcome bonus doesn’t require a promo code to claim; just use our link and sign up through the ‘join here’ button to apply the deal to your new account.