EasyBet Cheltenham Offers: Bet £20 Get £40 in Free Bets
Although there isn’t a dedicated easyBet Cheltenham sign up offer, new players can claim a welcome offer from the betting exchange.
Claim the “Bet £20 and Get £40 in Free Bets” welcome offer when you create a new betting account with easyBet using the promo code: EB40.
How to Claim the easyBet Cheltenham Sign Up Offer
Looking to claim the easyBet welcome offer in time for the Cheltenham Festival? Check out the step-by-step guide to correctly claim and use the £40 in free bets.
1. Visit the easyBet Landing Page
First, click any on-page link to visit the easyBet welcome offer landing page.
Familiarise yourself with the terms and conditions of the welcome offer before clicking the “Join Now” button.
2. Create an easyBet Betting Account
Complete the easyBet onboarding process by following the on-screen instructions. The following information is required:
- Full name
- Date of birth
- Username
- Email address
- Password
- Currency
If the bonus code is not automatically entered, input “EB40” into the “Bonus Code” field.
3. Deposit and Wager a Minimum of £20
With an account created, it’s time to deposit a minimum of £20. All banking solutions are permitted.
Two separate qualifying bets must be placed to earn the welcome bonus. A total of £20 must be wagered on different events with the minimum odds of 2.0 or more. For example, a £10 wager at 3/1 and a second £10 wager at 4/1.
Bets can be placed on singles, multiples and Bet Builders.
4. Use the easyBet Free Bets
Once settled, the easyBet Cheltenham free bets will be automatically accredited to your betting account. These are issued with the following breakdown:
- 6 x £5 Multiples
- 1 x £10 Exchange Bets for Horse Racing markets only
Free Bets are subject to their own terms and conditions.
EasyBet Cheltenham Offers Terms and Conditions
The easyBet Cheltenham new customer offer is subject to various terms and conditions. The salient small print is bulleted below:
- The welcome offer is not open to existing customers of the sister brands of easyBet (such as Matchbook).
- To qualify, new account holders must deposit and place at least £20 in real money bets at easyBet.
- A minimum of 2 separate bets on 2 different events at odds of 2.0 or more (total value of £20) must be placed to qualify for the welcome offer.
The free bets issued are also subject to the terms and conditions listed below:
- The £40 in free bets are issued as the following:
- 6 x £5 Multiples
- 1 x £10 Exchange Bets for Horse Racing markets only
- The free bet tokens cannot be withdrawn, and the free bet stake will not be returned in winnings.
- Free bets will expire after 7 days of accreditation if unused.
Additional terms and conditions apply. Visit easyBet to learn more.
Exchange Liquidity at Cheltenham: Why easyBet Markets Become More Competitive
One of the most important modern factors when using a betting exchange like easyBet during the Cheltenham Festival is market liquidity. Liquidity refers to the amount of money available to match bets at specific odds in a market. High liquidity means there is plenty of money waiting on both the back side and lay side, allowing bets to be matched quickly at the listed price.
Cheltenham is one of the most liquid horse-racing events of the year. Individual races can attract millions of pounds in matched betting volume, creating deep markets and tighter price spreads between back and lay odds.
For easyBet users, this matters for several practical reasons:
- Better odds discovery: Exchange prices are formed by bettors rather than a bookmaker margin, often resulting in a market closer to a “fair book” with lower overround.
- Faster bet matching: High liquidity allows larger stakes to be matched instantly without waiting for another user.
- Trading opportunities: Punters can back a horse early and lay it later if the price shortens, locking in profit regardless of the result.
During headline races such as the Champion Hurdle or Cheltenham Gold Cup, liquidity typically increases further as the off-time approaches. This makes the exchange environment especially useful for price trading, hedging liability, and exploiting late market moves rather than simply placing a single fixed-odds bet.
Pros of Using easyBet at Cheltenham
The easyBet welcome offer comes with various positives, our favourites of which are bulleted below:
- All deposit methods supported
- Option to “lay” bets
Cons of Using easyBet at Cheltenham
The easyBet welcome offer does, however, have a handful of downsides. We’ve listed some of those below:
- Two separate qualifying wagers required
- A large barrier of entry (£20)
- No live streaming is available
Types of easyBet Cheltenham Festival Offers
The easyBet Cheltenham betting offers are limited, with only a handful of sitewide promotions.
This is largely due to easyBet’s structure as a betting exchange, although some promotions exist.
Horse Racing Club
The easyBet Horse Racing Club is one of the site’s most exciting promotions throughout the Cheltenham Festival.
To join, opt-in via the promotions page at easyBet and place and settle a minimum of £30 between Monday and Sunday each week. Bets must contain a minimum of the following:
- 1x £/€10 Back bet (minimum odds of 2.0)
- 1x £/€10 Lay bet (minimum odds of 2.0)
- 1x £/€10 Multiple (at least 3 legs, minimum odds of 2.0)
In return, you’ll earn a free bet worth up to the maximum of £/€10. It’ll be added to your betting account before 11 AM on Monday – perfect for the Cheltenham Festival.
EasyBet Cheltenham Festival Odds
easyBet is not a traditional bookmaker but rather a betting exchange. Bettors can back what they think will win and lay what they think will lose.
This peer-to-peer betting system offers much better odds than a traditional bookmaker. A cut isn’t taken by the bookie, meaning the horse racing odds are some of the best in the business.
The site also offers Net Profit Commission only, meaning you’ll pay easyBet a commission on your winning wagers.
EasyBet Cheltenham Betting Markets
As a betting exchange, the markets available for the Cheltenham Festival are somewhat limited at easyBet.
Bettors will, however, be able to find the following betting options available at easyBet.
Win
The win market is the most basic betting market offered at easyBet.
As the name suggests, bettors can choose whether or back or lay any of the horses running in races throughout the festival.
Place (2, 3 or 4)
Place bets are another popular market at easyBet. Place (2), Place (3), and Place (4) markets are offered.
Again, bettors can either back or lay the horses running in races throughout the festival.
Forecast/Reverse Forecast
Finally, easyBet supports forecast and reverse forecast bets, which allow bettors to back or lay the race forecast.
EasyBet Cheltenham Festival FAQs
Can you use easyBet for ante-post Cheltenham betting?
Yes. easyBet offers ante-post markets (example: Gold Cup winner, Champion Hurdle winner) where you can back or lay selections before the final race declarations. Because it is a betting exchange (entity: peer-to-peer betting platform), prices are set by other users rather than a bookmaker. Early prices may be higher, but if the horse does not run your stake is usually lost unless specific protection is offered. Ante-post bets therefore suit bettors targeting price value rather than risk-free flexibility.
Is easyBet better than traditional bookmakers for Cheltenham odds?
Often yes. Exchanges usually display market-driven odds (attributes: back price, lay price, matched liquidity) rather than bookmaker prices with built-in margin. This can produce better value prices, although you must pay a commission on net winnings instead of a bookmaker margin.
Practical example: if you win £100 and commission is 2%, you keep £98 profit.
Can beginners use a betting exchange like easyBet at Cheltenham?
Yes, but beginners should start with simple back bets (example: backing a horse to win) before trying advanced strategies. Exchanges allow two core actions:
- Back bet: bet on an outcome to happen.
- Lay bet: bet on an outcome not to happen.
Tip: start with win markets and small stakes until you understand liability and price movement.
What is liability when laying a horse on easyBet?
Liability (entity: maximum potential loss) is the amount you risk when placing a lay bet. If you lay a horse at 5.0 with £10 stake, your liability is £40. This is because you must pay the backer if the horse wins. Exchanges clearly show liability in the bet slip before confirming the wager.
Can you trade Cheltenham odds on easyBet before the race starts?
Yes. Many bettors use back-to-lay trading (example: back at 6.0, lay at 4.0) to lock in profit if the price shortens. Exchanges allow users to place opposing bets at different odds and create a hedged position, sometimes called a “green book”, where profit is secured regardless of the race result.
Does easyBet limit winning bettors during Cheltenham?
Rarely in the same way traditional bookmakers do. Because exchange bets are matched between users rather than against the house, limits depend on available liquidity and matched stakes, not bookmaker risk management.
In practice, if other bettors are willing to match your wager, higher stakes can usually be placed.
How do you check if a Cheltenham bet will be matched on easyBet?
Check the available liquidity figure under the odds before placing the bet. Liquidity represents the amount of money available to match your bet at that price.
Steps:
- Select the race market.
- Review back/lay odds and available amounts.
- Ensure the available liquidity covers your stake.
If liquidity is too low, the bet may remain unmatched or partially matched.
Can you hedge a Cheltenham bet on easyBet?
Yes. Hedging means placing an opposing bet (example: lay after backing) to reduce risk or guarantee profit. This strategy is useful when a horse’s price shortens after strong market support or positive news such as favourable ground conditions.
What Cheltenham race types usually have the best exchange liquidity?
Liquidity is highest in headline races (examples: Champion Hurdle, Ryanair Chase, Gold Cup) and large-field handicaps because they attract the most betting activity. Liquidity also increases closer to race time, as more bettors enter the market.
Is matched betting possible with the easyBet Cheltenham offer?
Yes. Some bettors use matched betting strategies (entities: back bet, lay bet, free bet conversion) to extract value from sign-up offers. The idea is to back a selection with the bookmaker and lay it on an exchange to minimise risk and convert free bets into withdrawable profit.
However, accurate calculations and sufficient liquidity are essential.