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Paddy Power are giving away free bets for Cheltenham to new and existing customers, and all you need is an account. First bet must be on Sports. Claim the competitive Ladbrokes Cheltenham free bet offer above and enjoy a cracking £20 in free bets to use during four days of the big betting contests. SBK Cheltenham Offers: £50 Free Punt for the Cheltenham Gold Cup. The Betfair free bet welcome bonus offers £45 in free bets to all new customers who create an account through this page, make their first deposit, and place a bet on the next race of interest. While yes, the bookmakers we are about to cover have fantastic sign up offers that can be applied to the Cheltenham Festival, these incentives aren’t exclusive. Win part of E/W bets. 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