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Cheltenham 2026 Countdown: Where To Find the Best Odds

Best odds for Cheltenham 2026
Ben Dixon
Ben Dixon Published: 19/02/2026

Why Do Odds Matter?

Odds are essential to punters; without them, there would be no betting. They are essential for a few reasons, though, firstly so you can assess the chances of different horses in the eyes of bookmakers.

Indeed, the odds are convertible to probabilities, so this is how a bookmaker will decide on prices for each horse.

Furthermore, for punters, comparing odds is also a chance to find value and if bookmakers do not offer the best odds for both parties, they will go elsewhere.

Cheltenham Best Odds Bookmakers

Below, we have compiled a list of the best bookmakers for value for this year's Cheltenham Festival.

SBK logo

SBK: 3.3%

SBK, generally speaking, is one of our favourite bookmakers on the market, largely because it is not traditional in the way it operates. Instead, it is the sportsbook branch of an exchange, so prices offered almost reflect those of a betting exchange.

As a result of this, customers can enjoy some of the best odds on the market at a consistent rate, and this is especially the case for horses, where the exchange is so volatile.

Due to this, you often get much better odds than you would from a traditional bookmaker. If you are beaten on price, though, then it actually displays which of its competitors offer a better price, so you are always getting the best value.

Bet £10 Get £50 in Free Bets

Min. Deposit£10
Max. Amount£50
TurnoverNo wagering
Expiration7 days
New UK customers only. Min £10 first deposit using Debit Card or Bank Transfer. Place a bet of £10 at min odds of 2.0 and get a £10 Football Bet Builder on settlement. A £5 Multiple, £5 Horse Racing Multiple, and two £5 Football Bet Builder tokens after 24 hours. A further two £5 Bet Builder tokens and two £5 Multiple tokens after 48 hours. Minimum 4 legs. Full T&Cs apply. 18+. BeGambleAware.org.
Midnite new logo

Midnite: 4.86%

Midnite follows at 4.86%, which is still fantastic in our eyes. Indeed, sitting below a 5% margin is great work, considering that some of the biggest brands can have upwards of 8%, with some even going above 10%.

A relatively new bookmaker, this is a great option for anyone looking for a different option for the festival, and its generous sign-up offer makes it a fantastic choice for punters.

With an easy interface to navigate, you can quickly get around the markets and place bets with ease. A worthwhile addition to your festival rotation.

Bet £10 Get £30 in Free Bets

Min. Deposit£10
Max. Amount£30
TurnoverNo wagering
Expiration7 days
18+ New customers only. Place a £10+ bet at min odds 1/1 (2.0) within 14 days of sign-up. Get £30 in Free Bets, valid for 7 days on selected bets only. Free stake not returned with winnings. T&Cs apply. BeGambleAware.org
QuinnBet sports logo

QuinnBet: 5.12%

QuinnBet is certainly not one of the biggest bookmakers in the UK. Having initially launched in Ireland, it joined the UK market in 2017 and has since gone from strength to strength, even without becoming one of the top brands in the country.

Given that it is an independent bookmaker, it is indeed a little interesting that it features one of the lowest betting margins. However, it does act as a selling point, too, which can attract new customers.

50% Back Up to £25 As a Free Bet

Min. Deposit£10
Max. Amount£25
TurnoverNo wagering
Expiration7 days
New UK Customers Only. Bet £10+ on any sportsbook markets at odds of evens (2.00) or greater. No cash out. Get 50% back of your first day’s losses (until 23:59) as a Free Bet up to £25, valid for 7 days. Min. 3 bets required, with 2 bets being at least 50% of your largest stake. Place at least 1 bet of £10+ at odds 2.00+ to receive a £5 Free Bet even if your account is up or losses are under £5. Gamble Responsibly. T&CS Apply.
Betfred new logo

Betfred: 5.2%

Betfred is largely the opposite to QuinnBet, given it was founded 50 years prior and is one of the biggest and most recognised betting brands in the United Kingdom.

In terms of the 'biggest' brands in the country, Betfred ranks at number one, which is perhaps a little surprising all things considered, given it does not really hold the reputation for having the best odds.

Bet £10 Get £50 in Free Bets

Min. Deposit£10
Max. Amount£50
TurnoverNo wagering
Expiration7 Days
Bonus CodeBETFRED50
New customers only. Register, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility exclusions & T&Cs Apply.
Bet365 logo

Bet365: 5.4%

Bet365 is considered to be the gold standard of sports betting in the UK, and whilst it does not offer the best margins, we can find very few reasons to complain given the overall value inside the app.

With regular boosts and a range of different promotions and markets, it is one of the best horse racing bookmakers, and the small percentage increase on its betting margin is, ultimately, not noticeable.

If you haven't somehow already got Bet365, it is a must for punters, for horse racing or otherwise.

Bet £10 Get £30 in Free Bets

Min. Deposit£5
Max. Amount£30
TurnoverNo wagering
Expiration30 days
#Ad. New Customers only. Sign up and make a qualifying deposit of £5 or more to qualify for 300% of that amount in Bet Credits up to £30*. Bet credits are credited upon settlement of qualifying bets to the value of the deposit (capped at £10*), which must be within 30 days of claiming the offer. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply. Registration required.
Fitzdares

Fitzdares: 5.48%

Fitzdares is another really interesting site, given its extended focus on horse racing, and it is very fair to say that the sport is at the heart of everything it does.

Despite this, it is not one of the biggest brands in the industry, so this normally comes with the cost of a higher betting margin percentage. However, this is not the case.

In fact, margins of 5.48% put it inside the top group of UK bookmakers, and like some of the others on this list, it offers a solid welcome offer. So, it is worth considering for Cheltenham.

Bet £20 Get £5 in Free Bets

Min. Deposit£20
Max. Amount£5
TurnoverNo wagering
Expiration72 hours
Bet £20 on Virtuals and receive a £5 free bet to use on Virtuals. Free Bet credited upon settlement and valid for 72 hours. Max 1 free bet per day/person. Only for eligible customers. T&Cs apply. BeGambleAware.org.

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Ben Dixon
Ben Dixon
Last updated: 19/02/2026

Ben is an accredited football journalist who follows anything from League One to Serie A, also working for the likes of SempreMilan and Total Italian Football. As an avid punter, he has become the master tester at BettingLounge, refusing to take bookies by their words when it comes to withdrawal times and much more.

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