Paddy Power are one of the biggest and best bookmakers around when it comes to delivering at the Cheltenham Festival. Its diverse range of markets, offers and specials around the four-day racing event is almost unrivalled among the industry and should be one of your first options when placing bets at Cheltenham.

Not only offering superb coverage, Paddy Power also has a fantastic Cheltenham-focused sign-up offer which you should be making the most of to ensure you win big at the festival. By signing up and making just a £10 qualifying bet on the festival, Paddy Power will give you £40 in free bets to use on the races. Boosted odds, extra places and much more await with Paddy Power at the Cheltenham Festival. Here’s our exclusive guide into how to use Paddy Power's offer on the festival.

Paddy Power Cheltenham Offers Explained

Paddy Power’s current generic offer sees you claim £40 in free bets after making your qualifying wager of just £10 on any race at the Cheltenham Festival. This means that you won't need to spend as much on your deposit and use that betting on the races themselves.

To access Paddy Power’s sign up offer, you must use their promo code, which is currently YHRCHH. Adding this when filling in your details will give you that all-important £40 in free bets once the first wager has been made on odds of Evens or greater.

Paddy Power Odds Boost: 40/1 on Galopin Des Champs to Win Gold Cup

One for final day to remember at Cheltenham Festival 2025. Paddy Power is giving away an amazing odds boost of 40/1 on Galopin Des Champs to win the Cheltenham Gold Cup.

Paddy Power Completely Free Bet on Day 4 of Cheltenham 2025

One for both new and existing customers, Paddy Power is giving away a free bet on the opening race of each day at Cheltenham Festival in 2025. Head to their promotion page on your account and you will be able to get up to £25 in a free bet for the first race of the day.

Paddy Power's New Free-To-Play Eliminator Game for Cheltenham

As well as some amazing sign up and existing offers, Paddy Power is going one step further and has a free-to-play game just for customers. Find the winner in each of the 6 races and you win (or share) the jackpot amount! Fail to find the winner in any of the races and you are ELIMINATED. You could win up to £250,000 in this amazing game so check it out!

Cheltenham Festival Paddy Power Extra Places

Paddy Power are one of a number of major horse racing bookmakers to offer extra places at Cheltenham Festival. While it’s not known which races will be subject to extra places, Paddy Power has often paid out on the first five finishers in major races every day. This means that you have a greater chance of winning if you use your £40 free bets on an each way slip.

Paddy Power Cheltenham Festival Power Prices

A perfect opportunity to give your Cheltenham bets a surge during the festival, Paddy Power’s Power Prices gives an odds boost on each day of the festival. With plenty of high-profile races taking place on all four days at Cheltenham, Paddy Power will clearly indicate every odds boost available on each day. This means you can pick and choose where you want to spend those £40 in free bets when you sign up with Paddy Power!

Cheltenham Festival Paddy Power Money Back as Cash if You Lose

A hit at the 2024 Cheltenham Festival for Paddy Power, their promotion of Money Back as Cash if You Lose is a fine example that is available for existing customers. You can also claim a completely free bet for the Cheltenham Festival.

The value of this free bet varies per customer, but it can be anything from £1 to £25, so keep an eye on your account after claiming.

This is also an offer that new customers can claim, so after securing your £20 in free bets, you can also claim a further free bet with this promotion.

Should this deal return for the races, here are all the steps you need to know:

• Sign up or log in to your Paddy Power account
• Head over to the ‘Promotions’ tab
• Claim your free bet to then use it in their bet slip when placing a bet. The value will vary per customer
• Your free bet can be used on any Cheltenham race on

How to Claim Paddy Power Free Bets

Here’s how you can claim Paddy Power’s offer of Bet £10 Get £40. It’s easy to claim so you can get your hands of £40 in free bets by following these steps.

• Sign up to Paddy Power via any of links you can see on this page.
• Once you’re on the official Paddy Power website, choose the Join Now option.
• Fill out the registration form with all the required information.
• Manually insert the Paddy Power promo code, YHRCHH
• Make a qualifying deposit at minimum odds of 1/2 (1.5) or bigger on Cheltenham Festival.
• Once you have met this criteria, you will receive your £40 in free bets, after your bet has settled.
• You’re free to venture into the Paddy Power sportsbook and start betting on Cheltenham Festival.

Paddy Power Payment Methods

Before you can claim the Paddy Power deposit bonus, you need to fund the account. Paddy Power requires you to use a debit card or Apple Pay when depositing your minimum requirement. However, once you’ve made your qualifying bet, you can use the below payment methods:

• Neteller
• Entropay
• Visa Debit
• Visa Maestro
• Skrill
• PayPal
• Paysafecard

Paddy Power Cheltenham 2025 Offers Terms and Conditions

Here are the terms and conditions of the Paddy Power sign up offer:

New Customers only - Place a £10 Sportsbook bet on any race at the Cheltenham Festival 2025, min. odds 1/2 (1.5) — get £40 in free bets. Free bets awarded on qualifying bet settlement and can be used on any Horse Racing & Football. Only deposits via Cards & Apple Pay will qualify. T&Cs apply.

Paddy Power Cheltenham Promo Code

To access the Cheltenham free bets offer with Paddy Power, you will need their sign up promo code.

After making your deposit of £10 and completing the registration process, make sure to use the Paddy Power promo code YHRCHH and that your qualifying bet is at minimum odds of Evens (2.0) or bigger.

Once you have done this, you will receive your £40 in free bets to be used on the Cheltenham Festival.

Tips to Maximise your Paddy Power Offer During Cheltenham Festival

The Paddy Power Cheltenham offer gives you a plenty of freedom in order to spend your free bets at the races. As the £40 in free bets isn’t tied to a specific market, you can choose from Paddy Power’s winner market to their specials, it’s all available to you.

You could choose to focus on key Cheltenham races like the Champion Hurdle, the Gold Cup, or the Queen Mother Champion Chase, where form guides and analysis are abundant. This helps you make informed decisions and ensures you don't waste any bets by backing horses blindly.

Enhanced odds or festival-specific promotions that Paddy Power will undoubtedly offer, such as extra places, will be up for grabs with your free bets. While there is great risk on some markets such as accumulators, there is a higher reward to turn your free bets into big money.

You can also take advantage of Paddy Power’s Power Prices which could help you get even more for your money. These power surges will be clearly identified so you will know which race at the festival you can go big on.

Paddy Power’s Free Bet Cheltenham Offer Compared

While we anticipate a new free bets promotion to celebrate Cheltenham Festival with Paddy Power, their current offer of bet £10 get £40 is very competitive amongst competitors. Here we examine what the other bookmakers are offering compared to Paddy Power.

William Hill Cheltenham Sign Up Offer: Bet £10 get £60 in Bonuses

William Hill is offering a very generous bonus of £60 with a £10 qualifying bet, which is more than Paddy Power's current offer. Despite this, However, some of the offer from William Hill can only be used on the casino, which means £40 is credited as Cheltenham free bets. This means that the offer is very similar with Paddy Power’s qualifying stake coming in the same as William Hill.

Sky Bet Sign Up Offer: Bet £10 get £60 in Free Bets

There’s fantastic value to be had with the Sky Bet Cheltenham sign up offer with new users getting £60 in free bets with a qualifying bet of £10.

Betfred Sign Up Offer: Bet £10 get £50

Betfred's sign up offer gives exceptionial value of bet £10 get £50 but there are some caveats to the deal. After placing your qualifying wager you will receive 3 x £10 in free bets and 2 x £10 in acca free bets.

Although there’s not as much flexibility with this deal, there’s still fantastic value and is a great competitor to the Paddy Power sign up offer of bet £10 get £40 in free bets for the Cheltenham Festival.

Why Choose Paddy Power for Cheltenham Betting

Paddy Power are one of the biggest and more reputable bookmaker at Cheltenham Festival with a wide range of markets and offers for customers new and old. With Paddy Power, you will get £40 in free bets when you spend £10 on Cheltenham Festival, providing you with great value to spend on many different races.

Outside of the flexible sign up offer, Paddy Power also has Best Odds Guaranteed, meaning you won’t miss out on value if the odds get better or worse closer to the race. Paddy Power’s Non-Runner No Bet protection at the festival in recent years also means your stake should be returned if you horse doesn’t run in 2025.

Add those elements to the Paddy Power’s Power Prices and extra places and you have many options at your fingertips when betting on the festival. Their immersive app has a lot of detail and information surrounding all of the key races, allowing you to make the most informed decision on how to place a bet at the races.

Paddy Power‘s Cheltenham Non-Runner No Bet Policy

On January 31, 2025, Paddy Power started offering Non-Runner No Bet (NRNB) on all 28 races taking place at Cheltenham Festival.

The bookie has offered NRNB on Cheltenham races in the past and followed that tradition for the 2025 festival, which starts on March 11.

This means that bets places on Non-Runner Money Back markets will have their stakes returned once the non-runner is declared. Any bets placed on Future Racing or Ante Post will be settled as a losing bet.

Future Racing betting ceases at 10am on the day of the overnight declaration stage and all bets placed after that stage will be 'non-runner money back’, ie. your bet stake will be refunded if your horse fails to compete.

Paddy Power Cheltenham Betting Markets

Paddy Power are experts when it comes to markets in horse racing and especially at the Cheltenham Festival. Whether you’re betting on a simple winner market or you want something a little special, Paddy Power has the market just for you. Check out some of their most popular options below.

Paddy Power Cheltenham Win Markets

A familiar betting market to most at Cheltenham Festival bettors. All you have to do is bet on your selection to win any of the races taking place at Cheltenham.

Paddy Power Cheltenham Each Way Markets

Another essential market for the four-day festival, each way markets offer you greater options with each race. Paddy Power often dish out extra places, so if you bet on a horse each way and your selection doesn’t win but still finishes in the top four or five, you will still make a return. The number of places offered will vary race to race this will give you a bigger chance of winning.

Paddy Power Cheltenham Accumulators, Multiples Markets

Paddy Power give you the chance to place multiples and accumulators across Cheltenham Festival, enhancing your winnings in a high-risk, high-reward market.

You can do this by adding multiple Cheltenham selections to your bet slip and selecting the multiple bet option. This will provide greater odds than if you were to bet individually on each horse. Your accumulator can be win only or each way which means you will either require each horse to win or place for the overall bet to be successful.

Paddy Power Cheltenham Forecast, Tricast Markets

Forecast and Tricast markets are available for Cheltenham and allows Paddy Power customers to boost their winnings by predicting the top two (forecast) or three (tricast) finishers for a given race.

This is another risk-reward market, but with Paddy Power and their detailed market, you can win even bigger at the races.

Paddy Power Cheltenham Special Markets

Given their reputation, there’s no surprise that Paddy Power has a host of special markets for you to use at the Cheltenham Festival.

Paddy Power’s #WhatOddsPaddy sees daily specials on races every single day. As we near the start of the Cheltenham Festival, the bookmaker is also delivering Power Prices on various odds as part of it's Cheltenham Countdown. For example, you can get 7/1 on Majborough to win the Arkle and Dancing City to claim the Brown Advisory.

Exclusive Paddy Power Features for Cheltenham Bettors

There are also a number of features that Paddy Power provides its users for the Cheltenham Festival which make the overall betting experience a good one.

Paddy Power Cheltenham Live Streaming

Paddy Power offers a live streaming service to its customers. You can follow horse racing on your desktop or mobile device with their superb app. To gain access to this popular feature, you’ll have to create an account and fund it to watch your favourite event.

Paddy’s Cheltenham Rewards Club

With Paddy Power’s Rewards Club, you could be a new or existing customer to make the most of this promotion. All customers who opted in will receive a Power Up or Free Bet each week. Head to the website now to find out more.

Rewards will differ per customer, with the free bet value ranging from £5 to £50 per customer per week. Should you do this before the festival starts, you will have seven days to claim so there will be plenty of time to use the free bet or the Power Up on the races.

Paddy Power Cheltenham Best Odds Guaranteed

Paddy Power offer Best Odds Guaranteed on all UK & Irish Horse Racing from 8am on the day of the race. So, if you take a price on a horse and the Starting Price (SP) is bigger we will pay you out at the bigger odds! To avail of Best Odds Guaranteed you need to ‘opt-in’ on the Paddy Power promotions page ahead of the Cheltenham Festival.

Paddy Power Cheltenham Festival FAQ's

Here we will answer any frequently asked questions surrounding Paddy Power and the Cheltenham Festival:

How do I get my Cheltenham free bet on Paddy Power?

You must opt in to claim the Cheltenham free bet with Paddy Power. Once you’ve done that, you’ll simply use the Cheltenham promo code and follow the bonus rules, after which the free bet should appear in your account.

How do I enter a Cheltenham promo code on Paddy Power?

Upon registration, you’ll find a special field reserved for the Paddy Power bonus code. Depending on the offer you want to acquire, you’ll use a special code, after which you’ll become eligible for the bonus.

Does Paddy Power pay out for 4th place at Cheltenham?

Paddy Power will pay out for extra places on select races at the Cheltenham Festival. This will usually include 4th place for some, and potentially 5th place for races with more runners. This will be confirmed closer to the festival.