Spreadex, the UK’s leading spread betting operator, is running one of the biggest Cheltenham offers on the market, providing new customers with £60 in free bets.
The welcome bonus is just the start of Spreadex’s package of Cheltenham betting offers, which can be used throughout the 2026 edition of the festival.
We’ve put together a guide to the Spreadex sign up promotion and relevant Cheltenham offers, including how to qualify, how to claim the free bets and an explainer on spread betting.
What is the Spreadex Cheltenham sign up offer?
The latest Spreadex welcome offer is one of the biggest available on UK betting sites, with new customers able to claim £60 in free bets from a £10 wager.
After registering via one of the links on this page, punters must make a minimum deposit of £10 using an eligible payment method. Spreadex accepts deposits made by debit card, bank transfer, Apple Pay, and Google Pay.
Once customers have made their deposit, the next step is to make a qualifying bet of at least £10 on a fixed-odds sports event with odds of 1/2 or greater.
After the qualifying bet is settled, customers will receive 1x £10 free fixed odds bet, 1x £5 free total goals football spread bet, 1x £5 racing winning favourites spread bet and 1x £1 horse racing race index spread bet.
Over the next two days, bettors will be credited with further bonuses, always split up in the same way but minus the £1 Racing Index spread bet.
Customers must open a spread betting account to use spread bet free bets, which can be used pre-event or in-play but can’t be cashed out.
Free bet stakes are not included in any winnings from the free fixed-odds bets, and they must be used within 28 days.
Spreadex Cheltenham offers
The Spreadex sign up promotion is just one of several Cheltenham offers available on Spreadex during the festival. Here’s an explanation on other ways in which bettors can maximise their Cheltenham bets using Spreadex.
Price boosts
Price boosts are widely available on Spreadex for horse racing events, and notably the Cheltenham Festival.
Price boosts will be available throughout the meeting and can be found on the Cheltenham odds page.
At this point, it is worth noting that there is no Spreadex best odds guaranteed offer, though the bookmaker does have a record of providing competitive horse racing odds.
2nd to a Rag Insurance
Customers can receive their money back up to £25 in free bets if their selection finishes runner-up to a horse with odds of 33/1 or bigger in any Cheltenham race.
Bettors only need to place a fixed-odds bet on a race to qualify, with any free bets paid out on settlement of the race. Such bets are available for 28 days after being awarded.
Lucky Double Odds
Spreadex Cheltenham offers include the Lucky Double promotion.
Bettors who place a Lucky 15, Lucky 31 or Lucky 63 that settles with only one winner get double the odds of the winning selection.
Note that any non-runner will mean that the bonus does not apply.
First Past The Post
Spreadex offers First Past The Post as one of its signature offers of Cheltenham week. Spreadex will honour the outcome of the race if your horse is first past the post and then later demoted by the stewards.
This is available on all fixed odds bets and spread bets on the 100 Index market for all UK and Irish racing, excluding the Grand National.
How does spread betting work?
Spread betting is wagering on a range of outcomes, which can include the total number of points a team collects in a league season, the number of goals in a football match or how many runs a specific cricketer might score in a game.
Spreadex will set the spread, which is the range they expect the total of that chosen market to finish within. Bettors then wager on whether they think that number will be higher or lower than Spreadex’s prediction.
For example, say Liverpool are playing Arsenal in the Premier League and Spreadex have set the spread for the total goals market at 3.1-3.3. If a punter thinks there will be more than that number of goals in the game, they buy. If they predict there’ll be less, they would sell.
Your stake is how much you wish to wager per point of movement. This is where spread betting can get messy.
Using the Liverpool vs Arsenal example, if you bet £10 on there being over 3.3 goals in the match and the game finishes with five goals, you’d win £17 (5 goals – 3.3 goals x £10 = £17 return). However, if the game finishes goalless, you’d lose £33 (0 goals – 3.3 goals x £10 = £33 loss).
Being successful at spread betting takes practice, but those hoping to learn can benefit from using the free spread bets that come with the Spreadex sign up offer.
Responsible Gambling
If you decide to engage with any of the Spreadex betting offers highlighted on this page, remember to gamble responsibly, even when using free bets.
Betting should only ever be considered a form of entertainment – it will never be a surefire way to make money.
When taking advantage of Cheltenham offers, assume you’ll lose and therefore, only wager what you can afford. Please take steps to remain in control of your time and budget.
Make sure you use the responsible gambling tools offered by gambling sites, such as deposit limits, reality checks, loss limits and time-outs. These can stop gambling from getting out of hand.
The same applies if you’re using casino sites, slot sites, poker sites or any other form of gambling.
If you have gambling-related concerns, then seek independent help. There are several UK charities and institutions that offer support, advice and information, with a few listed below:
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