Sky Bet Cheltenham offer: Get up to £60 in free bets on Day 1

Betting Guides

Ahead of the 2026 Cheltenham Festival, beginning on Tuesday, Sky Bet have released three new promotional offers for new customers.

As ever, the festival is expected to attract a lot of attention from seasoned bettors and those new to it across the United Kingdom. If you don’t already have a Sky Bet account, check out these offers below.

60/1 on Lulamba to place top 3 in the Arkle

Sky Bet are offering enhanced odds of 60/1 on Lulamba to finish inside the top three in the Arkle Challenge Trophy Chase on Tuesday.

The Arkle is set to begin at 14:00 UK time on Tuesday, making it just the second race of the week, and it is one of the most anticipated on day one.

The expectation is that the race will turn into a showdown between Lulamba and Kopek des Bordes, so to be offered 60/1 on Lulamba to finish inside the top three feels too good to be true.

To claim this offer, new customers must register with Sky Bet and deposit a minimum of £5 into their accounts. From there, you just need to place a maximum £1 bet on Lulumba to finish inside the top three in the 14:00 at Cheltenham on Tuesday, 10 March.

If Lulumba does finish inside the top three, you will receive winnings in cash based on the true odds at the time of the bet and six £10 free bet tokens. If Lulumba doesn’t finish inside the top three, you will still receive one £10 free bet token.

These free bets can only be used on horse racing multiples and will expire in seven days. In essence, you should look to use them up by the end of Cheltenham.

Bet £1 get £50

Sky Bet’s bet £1 get £50 offer is one of the best Cheltenham promotions we’ve seen. To claim this offer, you have to be a new Sky Bet Customer and register for an account via the £50 in free bets when you place a £1 bet promotion.

Once you have signed up for a new account on the platform, make a deposit of at least £5 and then place a minimum bet of £1 on any sports market with odds of 1/1 (2.00) or greater.

Once this bet settles, you will receive five free bets, all worth £10 each. These free bets can only be used on multiples (such as accumulators and bet-builders), but they aren’t restricted to just horse racing markets.

You will have seven days to use these free bets, which means you are free to use them throughout Cheltenham if you so wish. Alternatively, you could choose to use them on the Champions League round of 16 action this week.

Bet £20 get £60

The final Sky Bet promotion to consider before Cheltenham is their bet £20 get £60 offer. Once again, this is only available to new Sky Bet customers.

To claim this offer, register for a new Sky Bet account via the ‘£60 in free Horse Racing bets when you place a £20 bet’ promotion and deposit at least £20.

Once the money is in your account, place a £20 bet on any sports market with odds of 1/1 (2.00) or greater.

Once this bet has settled, your account will be credited with six £10 free bet tokens that will remain available to you for seven days.

These free bet tokens can only be used on horse racing multiples, making this an offer only suitable for those looking to bet on the Cheltenham Festival.

As the qualifying bet with this offer is quite large (£20), you are going to want to try and find the best evens or greater bet on the market to ensure you aren’t just throwing £20 away to receive six £10 free bet tokens.