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Betfred – Bet £10, Get £5 free bet (Cheltenham)

Description

Place a £10+ win or each-way single on any of the first six races at Cheltenham on Thursday to get a £5 free bet for another race at the same meeting.

Key terms

  • Opt-in

    Must click ‘Opt in’ before betting.
  • Offer availability

    Ends at 15:10 on Thursday, 1st January 2026.
  • Event

    12:15, 12:50, 13:25, 14:00, 14:35 and 15:10 Cheltenham races on Thursday, 1st January 2026.
  • Market

    ‘Win’ or ‘Each Way’ single.
  • Qualifying bet

    Place a cash bet on any of the listed races.
  • Minimum stake

    £10+ (£5+ each-way).
  • Minimum odds

    1.20 (1/5).
  • Reward and crediting

    £5 free bet; credited upon settlement.
  • Free bet conditions

    Use only on later Cheltenham races the same day; can be split (min £0.10); stake not returned; expires at 23:59 on Thursday, 1st January 2026.
  • Restrictions

    No multiples; no specials; no boosted prices; no bets on the 15:40 Cheltenham race; void or cancelled bets do not qualify; non-runners do not qualify.

Read full terms .

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

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Matt KirmanMatched Betting Blogger

Since 2014, I’ve blogged over £100,000 worth of profit, and made it my mission to make matched betting accessible to everyone.