2023 Spreadex Cheltenham Offers
Planning for Cheltenham Festival betting starts well in advance of the start of the big meeting. The 2023 renewal of the action at Prestbury Park begins on Tuesday, 14th March. Getting ready for the four days of racing can involve looking at some of the best Spreadex Cheltenham offers.
Spreadex, which has been around since the turn of the century, offer both fixed odds and spread betting. For this look at the 2023 Spreadex Cheltenham offers, our betting experts jump into the fixed odds sportsbook to size up the options.
That also involves examining the Spreadex welcome bonus in which new account holders can grab up to £40 in bonuses. However, before we get to that, here are some of the main Spreadex Cheltenham promotions for 2023.
2nd To A Rag Insurance
The first of the Spreadex Cheltenham festival promotions is their ‘2nd To A Rag’ Insurance. This could cover your racing betting if an unexpected long-odds winner pops up in a race.
If you back a horse that comes home second in a race, and the winner records victory with an SP of at least 33/1, you will get your money back as a free bet.
The maximum value that can be claimed back as a free bet through the Spreadex Cheltenham offer is £25 per race. The promo applies to the first fixed odds single winner bet on the race only. After that, further bets on the same race won’t qualify.
First Past The Post
Back a horse in a race, and if they do indeed get to the line first, you will be paid out as a winner, regardless of any subsequent demotion. So even if the race result goes to the stewards and the selection is demoted for having caused interference, Spreadex will settle the bet as a win.
On the other side of the coin, they will also pay out on the horse that is promoted to the position of the new winner. The First Past The Post offer applies only to UK and Irish racing.
Regular sports spread bettors can claim extra bonuses with Spreadex. For specific markets, they offer the chance for players to take a spread-free bet. Place three sports spread bets on a sport’s qualifying market on their promotional page.
Then, place a 4th spread bet on the same market at the spread mid-point. A spread-free bet is not free but lets you bet inside the spread at the market mid-point.
Types of Spreadex Cheltenham Festival Offers
Punters will find that they are not locked into just one type of Cheltenham Festival specials. Instead, a variety of promotional coverage allows punters to switch things up and get the best value out of their wagers.
Here are some of the main types of Spreadex Cheltenham Festival offers.
Best Odds Guaranteed
Among Cheltenham Festival promotions, the Best Odds Guaranteed is another excellent one, ensuring you won’t lose out on a higher price on a winner.
If your selection wins at a bigger SP than the odds that you placed the bet, Spreadex will settle the wager at the longer odds.
There are a lot of races at the Cheltenham Festival that have huge fields. So you may be able to snap up Extra Places on races across the four-day meeting. Extra Places mean that the number of each-way places gets a boost.
It could be an extra place on the Supreme Novices or a couple of places on the Arkle, for example. Extra places are usually paid out at the regular each-way terms.
Bookmakers do have Daily Specials for Cheltenham. These are short-lived, one-time promotions that punters can snap up. They may produce a significant price boost on the first race of each day or a money-back special on a selected horse in a race.
There’s no way to determine what’s on offer until you visit the Spreadex Cheltenham specials on the day.
Take Advantage of Spreadex Cheltenham Specials
When looking ahead to the Spreadex Cheltenham specials, it’s worth noting that there are two sign-up deals that you will be faced with if you are a new customer.
You can open a fixed-odds account, which will get you access to the traditional sportsbook. Or you can open a sports spread betting account with different requirements.
We are focusing mainly on the sportsbook for this review of the Spreadex Cheltenham Festival offers.
For the Spreadex sportsbook bonus, you can claim £40 in bonuses when opening an account. To trigger that, you need to place quite a high £25 fixed odds bet at minimum odds of 1/2. No Spreadex promo code Cheltenham is required for the offer.
The Free Bet Cheltenham Offer From Spreadex
The minimum qualifying bet for the Spreadex sign-up offer Cheltenham 2023 is £25. That may be much more than you generally see for sportsbook welcome bonus offers. But the total return of bonuses you get from it can exceed that minimum bet stake.
It’s a £40 package of free bets that are returned. In return, you will receive 5 x £5 free fixed odds back, plus 2 x £5 free Total Goals spread bets. Do all that, and they will also throw in 50 free spins on the Starburst game in the Spreadex Casino.
When the qualifying bet is settled, a £5 Spreadex Cheltenham free bet (fixed odds) will be released. Then on each of the following four consecutive days, you will receive a single £5 fixed odds free bet, taking it up to a total of 5 x £5 free bets.
You will also get a free £5 Total Goals spread bet credited with your first fixed odds free bet bonus. A second £5 Total Goals spread bet will be delivered with your second fixed odds free bet.
To claim and use those free spread bets, you must have a full spread betting account. The welcome bonus for those looking to open a Spreadex sports spread betting account is 2 x £5 spread bets plus £300 cashback on selected qualifying spread bets. Spread betting losses can exceed the deposit.
The free bets can be used from within the Bet Slip by ticking the ‘Claim as a Free Bet’ button.
How to Claim the Spreadex Cheltenham Sign-Up Offer:
The process of claiming the Spreadex Cheltenham sign-up offer is straightforward enough. It is simply setting up the account, depositing and then making the qualifying bet on the sportsbook.
- Visit Spreadex on the web, mobile browser or Spreadex app
- Select Create An Account
- Choose the Sports Welcome bonus offer
- Register and await email confirmation
- Deposit via a debit card
- Place a £25 fixed odds bet on the sportsbook
- Receive one £5 free fixed odds bet + one free £5 Total Goals spread bet
- Receive the complete package of bonus spread across the following four days
Terms & Conditions of the Spreadex Cheltenham Offers
There are always terms and conditions to watch out for any of the Spreadex Cheltenham offers, including the sign-up promotion. Glance over them to ensure that you are on track with meeting the complete requirements.
Here are the key terms and conditions for the Spreadex sign-up offer Cheltenham 2023.
- New UK customers only, aged 18+
- Qualifying bet cannot be placed in-play or cashed out
- Free bets have to be claimed within 28 days of opening the account
- Place a qualifying £25 fixed odds bet at odds of 1/2 (1.5) or greater
- A first £5 fixed odds bet will be credited upon settlement
- A further 4 x £5 free fixed odds bets will be added to the account on consecutive days
- One free £5 Total Goals spread bet will be credited on each of the first two days
- Full Spread Betting account required to claim Free £5 Total Goals spread bets
- Receive 25 spins to be used on Starburst after your first free fixed odds bet
- After the second free fixed odds bet, receive a further 25 free spins
- Free spins are worth 10p each, and there are no wagering requirements
Pros of Spreadex Bookmaker
- Excellent in-play betting
- Live sports streaming
- Superb horse racing coverage
- Competitive odds
- Option to switch to Spread Betting
- High-quality Spreadex app
Cons of Spreadex Bookmaker
- Welcome bonus credits are drawn out over five days
- A spread betting account has to be set up to claim part of the welcome bonus