BetMGM Cheltenham Betting Offer & Free Bets 2024
The 2024 BetMGM Cheltenham Offer is £40 in Free Bets when you open a new account and bet a minimum of £10
The Cheltenham Festival, commonly known as the greatest show on turf, gets underway on the 12th of March 2024 and is home to many exceptional National Hunt races. To get your week off to a flyer, take advantage of the BetMGM Cheltenham offer of £40 in free bets when you bet £10. This offer is not to be missed and gives you a head start on your Cheltenham betting.
How to Claim the BetMGM Cheltenham Sign-Up Offer
This BetMGM Cheltenham promotion is only available to new customers, and you need to register an account to get started.
Follow the steps below to get up and running on BetMGM.
- Visit the BetMGM offer landing page by clicking on one of the banners on this page.
- Click on the ‘Sign Up’ button just under the offer name.
- Enter details to create your BetMGM account, such as email, a secure password, name and date of birth.
- Claim the BetMGM sport sign-up offer.
- Deposit funds to your account.
- Place your qualifying bet to receive the free bets.
BetMGM Cheltenham Offers Terms & Conditions
Ensure you understand the terms and conditions associated with the BetMGM Cheltenham offer so you meet all requirements and get the most out of the bonus.
How to qualify
- Claim the offer within the ‘My Offers’ section of your account within three days of registration
- Place a qualifying bet of at least £10 within seven days
- Minimum odds of 1/1
- Each way bets must be at least £10 each way
- Free Bets or Pice Boosts do not qualify
- Void, cashed-out or partially cashed-out bets do not qualify
How to claim free bets
- Once your qualifying bet has settled, 4 x £10 free bets will be credited to your account
- 1 x £10 Horse Racing free bet (minimum odds of 1/1)
- 1 x £10 Bet Builder free bet (minimum odds of 3/1)
- 1 x £10 Football free bet (minimum odds of 1/1)
- 1 x £10 Acca free bet (minimum odds of 1/1 and minimum of 3 selections)
- Select the Free Bet checkbox in the bet slip when placing your bet to redeem
- Free Bets expire after seven days
BetMGM Cheltenham Festival Betting Markets
Ante-post betting plays a massive factor in Cheltenham Festival betting, with the lead-up to the week commencing from when the current festival ends. Betting markets become available for the championship races (Champion Hurdle, Champion Chase, Ryanair Chase, Stayers Hurdle and Gold Cup) extremely early at BetMGM. While it’s fresh in your memory, you can get your next Cheltenham Festival bets underway almost a year in advance!
During Festival week, an abundance of markets take shape. Some of the key ones include betting without the favourite markets. If you do not like betting on short prices, this is an excellent market for you to utilise. This is where the betting for a race is shaped without the favourite and/or second favourite. So, you essentially remove the favourite from the race when looking at the result to determine whether your horse has won.
Each way betting is vital at the Cheltenham Festival. Because of the mammoth prize money, the races attract big fields of the best horses in each category. Therefore, quality horses can be at high prices due to the competitive nature of the contests. One of the BetMGM Cheltenham promotions is Each Way Plus, where they offer more places than standard in the each-way markets. So, if you fancy a horse at odds, take advantage of this enhancement at BetMGM.
Before the Festival gets underway in March, the non-runner money-back concession becomes available. This is where you bet on a horse before it is declared to run, but there is insurance in place so that you get your money back if the horse doesn’t run in the race. This is extremely helpful when a horse may have multiple races to run. So keep an eye out for when this starts, as having it in your betting armoury is crucial.
Cheltenham Festival Odds Quality on BetMGM
The odds on offer at BetMGM on Cheltenham Festival races are very competitive in the market. Not only are the odds good and on par with all the other major firms, but thanks to each way plus, their place terms are equally as good, if not better, than those of many competitors.
BetMGM Cheltenham Festival Betting Markets & Specials
By the time the Cheltenham Festival comes around, the dust has settled, and the runners are known. Now it’s the time for BetMGM Cheltenham specials to come out. Many more betting markets present themselves after the final fields are known.
One of these different markets is match betting. This is where you are betting on one horse to beat another. It doesn’t matter where each horse finishes in the race – if your horse beats the other named horse, your bet is a winner. Even if your horse crosses the line last, if the other horse was pulled up, your horse would win you that bet.
Place-only betting is something else that comes to fruition at Cheltenham. This is where you are betting on a horse purely to place. You get drastically reduced odds compared to betting on the horse to win, but your chance of winning is greater. This differs from each way betting as rather than half your stake being on the horse to win and the other half on it to place, the entirety of your bet is on the horse to place. So even if the horse you backed wins, you will get the same returns as if it placed.
Best way to bet at Cheltenham with little money
Even though it is one of the biggest weeks of the year for a Horse Racing fan, that doesn’t mean anyone should bet any more, as you should always gamble responsibly. I’ve had plenty of experience betting at the Cheltenham Festival with a small pot, which is still extremely enjoyable.
The first thing I like to do is take advantage of bookmaker promotions and, in this case, the BetMGM Cheltenham Festival offers. The £40 in free bets makes my money go a lot further from the outset. For example, the £10 Acca free bet would be great for an accumulator that runs through the week, so I have an interest for each day.
I love to bet each way during the Cheltenham Festival as you get high-quality horses at the highest price they will have been all year. Year after year, there are upsets at this meeting, so it’s not out of the question that one of my big odds bets win and even if a couple of them place, it’s still an incredible thrill to have a chance at big odds.
For the same reasons as above, I like to utilise the place-only markets each day, often to create accumulators that run across most races. This leaves me with an ongoing interest and the chance for a big win from a small stake if they all place.
Another way I like to bet is by doing forecasts and tricasts, especially on races with a solid favourite. Combinations of horses and permutations in these markets can generate brilliant returns from surprisingly small stakes. Sometimes, if you don’t include the favourite and land a forecast or tricast, it can make for a huge payday.
The placepot will forever be a classic bet amongst horse racing punters, which is no more prevalent than at the Cheltenham Festival. Due to the number of people that place bets during this week, the placepot pools are usually the largest of the year. Big pools equals mega opportunities for big wins. The favourites are understandably the most common horse selected in each race, so if many favourites win on a given day, then the dividend from the placepot isn’t usually very high. However, if two or more favourites are out of place at the Cheltenham Festival, the placepot returns can be enormous. At the 2023 festival, for example, the placepot dividend on Friday was £23,675.10 from a £1 stake. This creates excellent fun for the day for a small outlay with the chance to land a huge win.
Cheltenham Offers From The Best Bookmakers
Apart from BetMGM, these are the bookmakers with the best Cheltenham Festival Offers;