Last Updated on 06/03/2026 by Andy Clark
JeffBet launched in 2022 and is one of those bookmakers that most punters will have heard of but never actually opened an account with, which makes it ideal Cheltenham territory. For 2026, they’ve put together a Festival-specific deal that goes beyond their standard welcome offer: deposit £20 using code CHELT40 and you’ll receive a £40 free bet rather than the usual £30, giving you an extra tenner to play with across the 28 races at Prestbury Park.
The offer is only available through the link on this page and runs from 6th to 15th March, so it covers the full Festival week plus a couple of days either side.
How to Claim the JeffBet Cheltenham Free Bet
- Click the link on this page — you must register through this specific page for the Cheltenham offer to apply
- Create your JeffBet account with your name, address, date of birth and email
- Verify your account via the email confirmation link
- When making your first deposit, enter the code CHELT40 in the deposit code field
- Deposit a minimum of £20 (not via Skrill)
- Place your £20 qualifying bet at odds of 1/2 (1.5) or greater on any sports market
- Once that bet settles, your £40 free bet will be credited to your account
- Use the free bet on any Cheltenham Festival horse racing market
The deposit code is the key step — without entering CHELT40 you’ll receive the standard offer rather than the enhanced £40 Cheltenham deal.
What Is the JeffBet Cheltenham Offer?
This is a time-limited, Cheltenham-specific promotion that runs exclusively from 6th to 15th March 2026. It is not the same as JeffBet’s standard sign-up page — the Cheltenham landing page offers a £40 free bet from a £20 deposit, compared to the usual £30.
Key terms before you sign up:
- Deposit code: CHELT40 — must be entered at deposit stage
- Min deposit / qualifying bet: £20
- Free bet: One-time stake of £40, min odds 1/2 (1.5)
- Stake returned? No — free bet stake is not returned with winnings
- Wagering: 1x on winnings from the free bet before withdrawal
- Max conversion: £200
- Free bet expiry: 7 days from issue
- Offer valid: 6th March – 15th March 2026 only
- Excluded payments: Skrill
- Important: Must register through the link on this page to be eligible
Why JeffBet Is Worth Opening for Cheltenham
JeffBet is operated by ProgressPlay Limited and holds a full UK Gambling Commission licence — the same operator behind MogoBet, BlueFox and Vegas Mobile. It launched in April 2022 and covers a wide range of sports, including horse racing, with all 28 Cheltenham Festival races available ante-post and on the day.
The Cheltenham-specific offer is the main draw here. At £40 it’s the strongest free bet in our new bookmakers series — £10 more than MogoBet and BlueFox — and the time-limited nature means it’s been put together specifically for punters looking for a fresh account ahead of the Festival.
The site itself is straightforward to navigate, has in-play betting on racing, and the 1x wagering requirement on free bet winnings is among the most lenient you’ll find anywhere.
How to Use Your £40 JeffBet Free Bet at Cheltenham
A £40 free bet is a decent pot to deploy and gives you slightly more flexibility than the £30 offers elsewhere in this series. A few options worth considering:
Split the value across two races. You can’t literally split a single free bet token, but if you use the £40 on a each-way bet in a competitive handicap you’re effectively covering both a win and place return with one stake. A £40 each-way free bet on something at 14/1 in the County Hurdle or Coral Cup could return serious money if it places.
Go for a bigger-priced Grade 1 selection. The free bet stake isn’t returned, so there’s no downside to going for something at double-figure odds. If you fancy an outsider in the Gold Cup or Champion Hurdle, a £40 free bet at 16/1 returns £640 if it wins, with only 1x wagering on that before you can withdraw.
Use it ante-post before the Festival starts. The offer opens on 6th March, four days before Champion Day. If you sign up early and qualify before Tuesday, your £40 free bet is available to use on ante-post markets and could secure a better price than you’d get on the day.
For race-by-race tips and ante-post selections across all four days, see our Cheltenham Festival tips pages.
JeffBet Cheltenham Offer — Key Information
| Detail | Info |
|---|---|
| Offer | Deposit £20 Get £40 Free Bet |
| Deposit Code | CHELT40 |
| Min Deposit | £20 |
| Min Qualifying Odds | 1/2 (1.5) |
| Free Bet Amount | £40 (one-time stake) |
| Free Bet Min Odds | 1/2 (1.5) |
| Stake Returned? | No |
| Wagering Requirement | 1x winnings |
| Max Conversion | £200 |
| Free Bet Expiry | 7 days from issue |
| Offer Valid | 6th–15th March 2026 only |
| Excluded Payments | Skrill |
| Regulator | UK Gambling Commission |
Claim Your £40 JeffBet Cheltenham Free Bet →
18+ | New Players Only. Min £20 qualifying bets stake not returned. Free bet – one-time stake of £40, min odds 1.5, stake not returned. 1X wager the winnings. Wager from real balance first. Wager calculated on bonus bets only. Max conversion: £200. Valid for 7 Days from issue. Withdrawal requests void all active/pending bonuses. Excluded Skrill and Neteller deposits. Full Terms Apply. #ad BeGambleAware.org.
Frequently Asked Questions
Is JeffBet a legitimate bookmaker?
Yes. JeffBet is licensed and regulated by the UK Gambling Commission and operated by ProgressPlay Limited. It launched in 2022 and is fully compliant with UK gambling regulations.
What is the deposit code for the JeffBet Cheltenham offer?
The deposit code is CHELT40. You must enter this when making your first deposit to receive the £40 free bet. Without the code you’ll receive the standard welcome offer instead.
Do I have to register through this page?
Yes. The Cheltenham-specific offer is only available to customers who register through the JeffBet sign-up offer for Cheltenham, accessed via the links on this page. Registering through the main JeffBet homepage will not trigger the £40 deal.
Can I use the free bet on Cheltenham Festival races?
Yes. All 28 Cheltenham Festival races are available on JeffBet including ante-post markets. Your £40 free bet can be used on any horse racing market at odds of 1/2 (1.5) or greater.
How long is the offer available?
The JeffBet Cheltenham offer runs from 6th March to 15th March 2026 only. Once claimed, the free bet is valid for 7 days from the date it is credited to your account.
What if I deposit via Skrill?
Skrill deposits do not qualify for this offer. Use a debit card or another eligible payment method to ensure your deposit counts.
What happens if I win with the free bet?
Winnings from the free bet are subject to a 1x wagering requirement before they can be withdrawn. The £40 free bet stake is not returned. Maximum conversion is £200.
More New Bookmakers for Cheltenham 2026
JeffBet’s £40 is the strongest offer in our new bookmakers series, but if you want to maximise the number of fresh sign-up deals available to you before the Festival, the others below are all worth claiming too. All are UKGC-licensed with Cheltenham horse racing markets.
MogoBet – Bet £10 Get £30 Free Bet – The easiest offer to trigger in this series — only £10 qualifying bet required. MogoBet launched in September 2024 so most punters won’t have an account. No promo code needed.
BlueFox Sports – Bet £20 Get £30 Free Bet – Another ProgressPlay site with full Cheltenham coverage. £20 qualifying bet, same clean 1x wagering terms, no promo code required.
Vegas Mobile – Deposit £20 Get £30 Free Bet. – Primarily a casino brand but with a full sportsbook covering all 28 Cheltenham races. Use promo code VMC30 at deposit to unlock the £30 free bet.
BetMaze – Bet £20 Get £20 Free Bet – The smallest offer in the series but the terms are notably clean — no wagering requirement on the free bet itself and 14 days to use it. Worth stacking alongside the others.
For ratings and T&Cs side by side, see our new bookmakers for Cheltenham 2026 page.