Paddy Power Cheltenham Offer: Bet £10 & Get £40 in Free Bets

Paddy Power, one of the most recognisable names in betting, is rolling out the green carpet for the third day of the 2026 Cheltenham Festival with a blockbuster welcome offer. New customers can secure a massive £40 in Free Bets from just a £10 qualifying stake, giving them a huge advantage.

Famous for their generous promotions and often-irreverent marketing, Paddy Power consistently delivers strong value during the Festival. This offer is no exception, providing a substantial bonus that can be used across the day’s feature races, including the Ryanair Chase and the Stayers’ Hurdle. On top of that, they are also treating existing customers to a completely free bet on the day’s action.

What is the Paddy Power Cheltenham Offer?

Paddy Power’s main offer for new players is a simple and high-value “Bet & Get” promotion.

Offer	Details
Bet £10, Get £40	Sign up with promo code YHRCHV, bet £10 on any Cheltenham market, and receive £40 in free bets.
Free Bet Tokens	The £40 bonus is credited as four separate £10 free bet tokens.

This structure allows you to spread your bonus across multiple races or bet types, giving you four different shots at landing a winner on one of the most competitive days of the Festival.

How to Claim the Paddy Power Bet £10, Get £40 Offer

Getting your £40 in free bets is a quick and easy process. Follow these steps:

Join Paddy Power using this exclusive link.
Open a new account using the promo code YHRCHV.
Deposit a minimum of £10 using a Debit Card or Apple Pay.
Place a £10 bet on any Cheltenham race at odds of 1/1 (2.0) or greater.
Once your qualifying bet settles, your account will be credited with 4 x £10 free bet tokens.

Why Bet with Paddy Power at Cheltenham?

Paddy Power has built its reputation on being one of the most punter-friendly bookmakers in the business, especially during major festivals.

Power Prices: Look out for enhanced odds on the biggest horses of the day, giving you industry-leading prices.
Justice Refunds: Famously, Paddy Power will often refund bets as a free bet if a horse falls at the last when in the lead or if some other piece of bad luck scuppers your bet.
Extra Place Races: They are renowned for offering extra places on the big handicaps, giving you a much better chance of an each-way return.
#WhatOddsPaddy: Request your own unique bets via X (formerly Twitter) and get a price on almost any combination of events you can think of.

Key Terms and Conditions

Here are the main terms for the new customer offer:

Term	Detail
Eligibility	18+ new UK & Ireland customers only.
Promo Code	Must use code YHRCHV.
Qualifying Bet	£10 bet at minimum odds of 1/1 (2.0).
Deposits	Deposits via e-wallets (PayPal, Skrill, etc.) are excluded. Use Debit Card or Apple Pay.
Free Bet Validity	Free bet tokens are valid for 30 days.
Restrictions	Stake not returned on free bet winnings. T&Cs apply.

Our Verdict

Paddy Power’s Cheltenham offer is one of the strongest on the market. The Bet £10, Get £40 bonus provides exceptional value for new customers, while the free bet for all players on Day 4 is a brilliant touch that rewards loyalty. Combined with their excellent existing customer promotions and competitive odds, Paddy Power is a top choice for anyone betting on the Festival.

Claim your Paddy Power offer here and get set for a fantastic St Patrick’s Thursday.

#AD | New customers only. Available to residents of the UK and Ireland. Open a new account using promo code YHRCHV. Deposit a minimum of £10 via cards or Apple Pay. Place a £10 bet on any Cheltenham market at odds of at least 1/1 (2.0). You will be awarded 4x £10 free bets. T&Cs apply. | begambleaware.org