The Cheltenham Festival 2020 is upon us and the Paddy Power money back special is a real treat! Paddy Power are offering their usual money back promotion on all races on the first day of Cheltenham 2020! If your selection finishes second, third or fourth, Paddy Power will refund all losing bets, as a free bet, up to the value of £10.00. As there’s 7 races on Day 1 of Cheltenham, we have a potential profit of over £50.00!

Terms of the offer

  • Up to £10.00 refund as a free bet per race.
  • Refund will trigger on any horse that finishes second, third or fourth.
  • If less than 7 runners take part, this offer will revert to money back if 2nd.
  • Qualifying bets must be placed between 08:00 on Friday 28th February 2020.

Qualifying Bet and Strategy

We will treat this bet a simple Bet X Get X offer. All we need to do is back and lay a qualifying bet and extract our profit from the £10.00 free bet should our selection finish second, third or fourth. As usual we will be finding a close match to place our qualifying bet on. We should aim to lose no more than £1.00 on our qualifying loss. We have opted to place our qualifying bet on Asterion Forlonge at odds of 3.75.

Back Bet




Lay Bet


Adjust Lay

Required Lay £
Bookmaker Exchange Cashback Total
If Back Wins
If Lay Wins

As we can see our £10.00 back bet at odds of 3.75 and lay odds of 3.90 results in a £0.53 loss whether Asterion Forlonge wins or loses the race.

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What’s next?

Our £10.00 free bet will be credited within 2 hours if Asterion Forlonge second, third or fourth. We should expect to extract 80% cash making our free bets worth at least £8.00. After we take away our initial qualifying loss we should have made ourselves an easy £7.47 in profit. Free bet valid for 7 days and can be used on any horse racing market.

As this offer is available on all 7 races on Day 1 of the Cheltenham Festival 2020 we could expect to see a profit of over £50.00 is we hit a refund on each race. We have added a table to show race times and our selection for each race of the day.

By this point you should know how to extract profit from free bets, but if your still unsure or need a refresher the perfect guide can be found here.

Race & Time Selection Back Odds Lay Odds Profit & Loss
13:30 – Supreme Novices’ Hurdle Asterion Forlonge 3.75 3.90 tbc
14:10 – Arkle Chase  tbc  tbc  tbc tbc
14:50 – Ultima Handicap Chase  tbc  tbc  tbc tbc
15:30 – Champion Hurlde  tbc  tbc  tbc tbc
16:10 – Mares’ Hurdle  tbc  tbc  tbc tbc
16:50 – Northern Trust Company Novices’ Handicap Chase  tbc  tbc  tbc tbc
17:30 – National Hunt Chase  tbc  tbc  tbc  tbc