Last Updated on 28/02/2026 by Andy Clark
BetGoodwin are a horse racing-focused bookmaker with a distinctive set of existing customer promotions that set them apart from the mainstream market. New customers get £15 in free bets when they bet £10 using promo code WELCOME15.
The sign-up offer is modest compared to other Cheltenham bookmakers. Still, BetGoodwin’s ongoing horse racing promotions — including a Falls at the Last refund, a beaten-by-a-nose consolation, and a First Past the Post dual payout — make them worth adding to your Festival portfolio alongside your main accounts.
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Why BetGoodwin for the Cheltenham Festival?
BetGoodwin position themselves as a bookmaker built around horse racing, and their promotion set reflects that. Where most bookmakers compete on sign-up value, BetGoodwin’s strongest features are the ongoing promotions available once your account is open — covering scenarios that most major bookmakers ignore entirely.
Best Odds Guaranteed from 10am — BetGoodwin offer BOG on all UK and Irish horse and greyhound racing. Take a price on any Cheltenham runner, and if the starting price is bigger when the race goes off, BetGoodwin pay you at the higher odds. BOG is capped at £1,000 additional benefit per bet and applies to both win and each-way bets. The key limitation to note is the 10am start — BOG does not apply to bets placed before 10am, which is two hours later than bet365, Betfred, Boylesports, Ladbrokes and Coral. For early morning bets on Cheltenham runners, use one of those accounts first. For bets placed after 10am, BetGoodwin’s BOG provides full protection. BOG does not apply to ante-post bets, special markets, or international racing.
Falls at the Last When Leading — If your horse falls at the last fence or hurdle when leading in any UK or Irish horse race, BetGoodwin refund the win part of your losing stake as a free bet up to £100. This is one of the most punter-friendly promotions in the market and directly relevant to Cheltenham, where jumping errors at the final fence are a regular part of Festival week. Minimum stake £10 win or each-way, singles only, cash stakes only.
Free Bet Refund — Beaten by Under Half a Length in a Chase — Place a win or each-way single on any UK or Irish National Hunt Chase and if your selection finishes second, beaten by a nose, short head, head or neck, BetGoodwin refund the win part of your losing stake as a free bet up to £100. The Championship chases at Cheltenham regularly produce the tightest of finishes — this promotion provides meaningful consolation in exactly those circumstances. Minimum stake £10, singles only, not ante-post.
Free Bet Refund — Beaten by a Nose — If your selection finishes second, beaten by a nose in any UK or Irish horse race, BetGoodwin refund the win part of your losing stake as a free bet up to £100. Unlike the Chase-specific promotion above, this applies across all race types, including hurdles, bumpers and flat racing. Minimum stake £10, singles only, not ante-post.
Free Bet Refund — 2nd to a 50/1 or Bigger — Place a win or each-way single on any UK or Irish National Hunt Chase and if your selection finishes second beaten by a 50/1 shot or bigger, BetGoodwin refund the win part of your losing stake as a free bet up to £100. Cheltenham’s competitive handicaps regularly produce big-priced winners, and finishing second to a 50/1 shot would ordinarily mean a complete loss with most bookmakers. Minimum stake £10, singles only, not ante-post.
First Past the Post — BetGoodwin pay out on both the horse that crosses the line first and the official result if they differ. If your selection wins on the track but is subsequently disqualified or relegated by the stewards, you still receive your winnings. Applies to UK and Irish racing on the race winner market only — win singles and multiples, and the win part of each-way bets. Maximum benefit £5,000 per customer per calendar day. At Cheltenham, where close finishes and stewarding decisions are part of the Festival drama, this is a genuine differentiator that no other major bookmaker currently matches.
BetGoodwin Cheltenham Sign-Up Offer — How to Claim
- Click this link to the BetGoodwin Cheltenham offer
- Register for a new account using promo code WELCOME15
- Deposit £10 or more
- Place a qualifying bet of £10 at minimum odds of 6/4 (2.5) from your cash balance within 7 days of registering
- Receive 3 x £5 free bets on the settlement of your qualifying bet
Promo code WELCOME15 is required and must be entered at registration. Go to your account > My Bonuses > enter your code. The minimum qualifying odds of 6/4 are higher than most bookmakers — this rules out short-priced Festival favourites as your qualifying bet. A mid-price Cheltenham runner at 2/1 or bigger in one of the opening races on Day 1 is the straightforward route to triggering the offer.
How the £15 in Free Bets is Paid
The free bets are credited as 3 x £5 tokens on the settlement of your qualifying bet. The key restriction to be aware of is that the free bets must be used on an accumulator with a minimum of 4 legs, with each leg at minimum odds of 2/5 (1.4). They cannot be used on a single or each-way bet.
For Cheltenham, this means using the free bets as cross-card accumulators — combining four selections across different Festival races into one bet. The free bet stake is not returned on winning bets, and the tokens expire 7 days after being credited.
How to Use Your £15 at Cheltenham
The 4-leg accumulator restriction means the free bets work best as cross-card Festival multis rather than single-race wagers.
Build a cross-card acca across the four days — Pick one selection from each day of the Festival and combine them into a four-fold accumulator. Four horses at average odds of 2/1 would return roughly £80 from a £10 free bet token if all four win. With 3 x £5 tokens available, you can spread them across different combinations to give yourself multiple chances of a return. Use our Day 1 tips, Day 2 tips, Day 3 tips and Day 4 tips to identify your selections.
Target the niche promotions with your cash bets — The real value in a BetGoodwin account is the Falls at the Last refund and the First Past the Post payout. Use your cash bets on races where those promotions are most relevant — the Championship chases where tight finishes and jumping errors at the last are most likely.
BetGoodwin Cheltenham Offer — Full T&Cs
- New customers only, one participation per customer
- Promo code WELCOME15 required — go to your account > My Bonuses > enter your code
- Place a qualifying bet of at least £10 at minimum odds of 6/4 (2.5) from your cash balance within 7 days of registering
- Only the first qualifying bet placed after registration counts
- Bets that are void, cashed out, or partially cashed out do not qualify
- Sportsbook bets only — casino, virtuals and other non-sports products excluded
- On settlement: 3 x £5 free bets credited
- Free bets must be used on an accumulator with a minimum of 4 legs at minimum odds of 2/5 (1.4) per leg
- Free bet stake not returned on winning bets
- Free bets expire 7 days from being credited
- Cannot be used in conjunction with any other BetGoodwin new customer offer
Other Cheltenham Sign-Up Offers
See our full Cheltenham free bets guide to compare all available offers, or jump directly to other bookmaker pages:
bet365 Cheltenham Offer | William Hill Cheltenham Offer | Boylesports Cheltenham Offer | Ladbrokes Cheltenham Offer | Coral Cheltenham Offer | SBK Cheltenham Offer
