As the 2026 Cheltenham Festival enters its second day, betting giant Paddy Power has launched a standout promotional offer for new customers. This exclusive deal combines enhanced odds on one of the festival's premier races with a free bet for European football action, providing significant value for sports enthusiasts.
Enhanced Odds on Champion Chase Favourite
The centrepiece of this promotion is a remarkable 50/1 price on Majborough to win the Champion Chase. This represents a substantial boost from the horse's standard 4/5 odds, making it one of the most attractive betting opportunities available during the festival. Majborough enters the race as the clear favourite, adding to the appeal of this enhanced offer.
How the Promotion Works
New customers based in the United Kingdom can access this offer by following a straightforward process. First, they must register an account with Paddy Power using the specific promotional code YHRCHY. Following registration, a minimum deposit of £5 is required via approved payment methods including Pay By Bank, debit card, or Apple Pay.
Once the deposit is complete, participants need to place a £1 wager on Majborough to win the Champion Chase at the standard 4/5 odds. Should the selection prove successful, winnings are paid in two distinct components. The initial payout reflects the normal odds in cash, while the remaining value to achieve the full 50/1 odds is credited as free bets.
Additional Champions League Incentive
Beyond the Cheltenham promotion, participants also receive a £10 free bet specifically designated for Wednesday night's Champions League matches. This multi-sport incentive allows bettors to engage with both horseracing and football action through a single promotional offer.
Step-by-Step Claim Process
- Register a new account with Paddy Power using the designated links
- Enter the promotional code YHRCHY during registration
- Make an initial deposit of at least £5 via approved payment methods
- Place a £1 bet on Majborough to win the Champion Chase
- Receive winnings in cash at normal odds plus free bets to reach 50/1 value
- Utilize the additional £10 free bet on Champions League multi-bets
Important Terms and Conditions
Several key restrictions apply to this promotion. The offer remains available only until 16:00 UK time on March 11, 2026, coinciding with the Champion Chase race time. Participation is strictly limited to new customers residing in the United Kingdom, and the maximum qualifying stake is capped at £1.
The free bet portion of any winnings carries a 30-day expiration period, though notably these free bets come without wagering requirements. Bets that are cashed out or declared void do not qualify for the promotion, and the offer cannot be combined with other Cheltenham betting promotions from Paddy Power.
Promotional Value and Market Position
This Paddy Power offer represents exceptional value within the competitive Cheltenham betting market. The 50/1 price on the race favourite provides potentially substantial returns from a minimal £1 outlay, while the absence of wagering requirements on free bet winnings further enhances the offer's attractiveness.
The additional £10 Champions League free bet creates a dual-sport incentive rarely seen in horseracing promotions, appealing to both racing purists and general sports bettors. With Majborough positioned as the clear favourite for the Champion Chase, this offer provides new customers with a low-risk opportunity to engage with one of Cheltenham's showcase events.
Responsible Gambling Considerations
As with all betting promotions, participants should engage responsibly. Establishing and adhering to a predetermined budget remains essential, and bettors should never attempt to recover losses through additional wagers. Paddy Power and other licensed operators provide various tools to support responsible gambling, including deposit limits, loss limits, and self-exclusion options.
For individuals concerned about their gambling behaviour, several UK organizations offer support and guidance. These include Gamblers Anonymous, the National Health Service gambling support services, GamCare, and GambleAware. These resources provide counselling, practical advice, and support groups for those experiencing difficulties with gambling.
All odds and promotional details are accurate at the time of publication but remain subject to change. Full terms and conditions apply to this and all betting offers, and participants should review these thoroughly before engaging with any promotion.
