- The Sports Welcome Offer is open to new players on BetMGM. You must be over 18 years of age and have and maintain a valid account with BetMGM to participate.
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BetMGM has quickly established its reputable status in horse racing and the Cheltenham Festival, through its extensive offerings that help new and existing customers get their money worth. BetMGM are back again in 2026 with another incredible deal, which sees new users claim £40 in free bets, if you sign up and bet £10.
With The Jockey Club, you can sign up now via any link on this page and unlock £40 in free bets to use at the Cheltenham Festival! This deal is one of the most generous for the event, so be sure to take advantage of it during the build up to next year’s festival.
BetMGM Cheltenham Offer Summary
The BetMGM Cheltenham free bets offer is available to new customers only, which allows you to redeem £40 in rewards, when you deposit and bet £10. This offer does not require a promo code, however there are minimum odds to be eligible, all of which has been highlighted below:
How to Claim Your BetMGM Free Bet
See how you can redeem £40 in Cheltenham free bets through BetMGM’s latest sign up promotion. First, create your new account, deposit and bet £10, and then watch your bonus become available to use on any festival market:
BetMGM is rapidly making a name for itself in UK horse racing, and it’s an intriguing pick for betting on Cheltenham. Their sportsbook offers in-play betting across thousands of markets, so you can respond to the action in real time, while they also offer live streaming for selected events, including horse racing — meaning you can watch key races and track your bets as they run. BetMGM’s bet-builder feature is one of the best in the business, and makes it easy to craft your own custom bets on Cheltenham races, when combining multiple selections in a single wager.
Odds and Special Offer
BetMGM prides itself on offering competitive odds for all 28 Cheltenham races, in combination with a wide range of special promotions to give customers enhanced value. Profit boosts, extra place races and the chance to win £500k in a giveaway, are just some of the ways new and existing customers can maximise their festival experience with BetMGM.
Live Streaming and In-Play Betting
With BetMGM, users can make the most of a seamless live-streaming and in-play betting experience for Cheltenham races. Their platform offers free live streams for all the major horse racing events, including Cheltenham Festival. The in-play betting interface is very responsive, with real-time odds that update quickly and a full suite of live betting markets.
Platform and App Experience
The BetMGM website and mobile app deliver an intuitive, user-friendly experience with smooth navigation throughout. The interface is clean and well-structured, making it easy to locate key markets and featured events. Dedicated sections for the Cheltenham Festival are clearly displayed, giving users quick access to the latest odds and race information. BetMGM also offers live updates and reliable streaming options, ensuring you can follow the action in real time and place bets effortlessly whether you’re at home or on the move.
Payment Options and Speed
BetMGM supports various ways to deposit and withdrawal, keeping your transactions quick and secure. You can fund your account via debit cards, PayPal, Apple Pay, and bank transfer. Deposits are processed instantly across most of these methods, so your money is ready to bet right away. When it comes to withdrawals, BetMGM aims to process them within around 3 business days, depending on the method. Payout speeds vary, with PayPal usually clearing within 24 hours, while card-based withdrawals typically take 1–3 working days, and bank transfers can take up to 5 days.
Customer Support
BetMGM offers a comprehensive Help Centre on its UK site where you can browse FAQs, but if that doesn’t resolve your issue, you can reach out directly via 24/7 live chat, which is easily accessible by tapping the “Support” button in the menu. There is also the option to email the team at support@betmgm.co.uk, if you would prefer.
The simplest of Cheltenham betting markets. You are betting on a
horse to win their race.
Pick a horse to either win or finish in the placing threshold (e.g., top 3, 4 or more) depending on how many places are paid.
Markets where you predict the first two (forecast) or first three
(tricast) finishers in order. These are noted as available for Cheltenham with
BetMGM.
These markets allow you to link selections across
multiple races: e.g., win accumulator, or each-way accumulator (where all legs must at least place).
During big festivals such as Cheltenham, BetMGM often offer ‘Each Way Plus’ for each-way bets than standard. For example, you might see 5 or 6 places rather than the usual 3 or 4 for select races.
BetMGM often provides markets such as “Top Trainer at the Cheltenham Festival”, “Top Jockey at the Cheltenham Festival”, “Number of Irish-trained winners”, etc. These allow you to bet across the week rather than just individual races. They also give hand-picked daily specials, so punters can wager on the number of places favourites to the number of winning favourites.
BetMGM offers Best Odds Guaranteed on UK and Irish horse racing, including the Cheltenham Festival, meaning you’re always paid at the most favourable odds. If you place a bet at an early fixed price and the Starting Price (SP) at the off is higher, BetMGM will pay out at the bigger SP. The offer normally applies to Win and Each-Way fixed-odds markets on race day.
In the past, BetMGM has provided plenty of promotions for existing customers throughout the Cheltenham Festival, so there’s no risk of losing value after claiming that sign up offer. From daily free bets to Non-Runner No Bet, there is loads to look forward to with this bookmaker during Cheltenham.
While the existing customer offers are yet to be confirmed for 2026 with Paddy Power, below is a list of promotions we are likely to see return for the festival:
500k Cheltenham Giveaway
BetMGM offers all users the chance to win 500k across two 250k draws, making it one of the biggest giveaways for the Cheltenham Festival! Simply bet £2 on any market across Cheltenham Festival week and you get automatically given 1 ticket and entry into a draw to win £250k!
Non-Runner No Bet (NRNB)
Non-Runner No Bet (NRNB) was offered to all BetMGM customers in 2025, and is usually announced at the start of the year. NRNB is an insurance offer that gives users their stake back if their selection does not race for whatever reason.
Extra Place Races
With ‘Extra Way Plus’ all BetMGM users were given enhanced flexibility along with the chance to win bigger throughout the Cheltenham Festival. Each way bets normally pay out at 1/5 of the odds, but come Cheltenham, they will pay out on more places thanks to BetMGM’s each way plus offer.
Cheltenham Festival Profit Boosts
It’s simple to make the most of BetMGM’s 10% profit boost for all your winnings on each day! All you need to do is opt-in at the start of the racing and stake up to £20 a day on any of the races.
If you’re betting at Cheltenham, BetMGM is a top-tier option, especially if you plan to use each-way bets with extra places, or take advantage of free giveaways and profit boosts during the festival. Their sign-up offer is also extremely competitive, with new customers able to bet £10 and get £40 in Cheltenham free bets. You’ll struggle to find many offers better than this, so we highly recommend using BetMGM as your bookmaker of choice for the 2026 festival.