Betfred Promo Code & Sign Up Offer – April 2024
By Jacob Potter 
BET £10 GET £40 IN BONUSES
With the Betfred promo code of WELCOME50, you can get £50 in bonuses when you deposit and wager funds of just £10 on a selection with minimum odds of 1/1 (2.0). We’ve got you covered with everything you need to know about this operator, so read on for more!
What Is The Betfred Promo Code?
To qualify for the Betfred promo code offer you’ll need to take into account the qualifying criteria. We’ve listed the most important parts below:
- You must be at least 18 years old to sign up with Betfred.
- Prepaid cards do not qualify. We recommend using a debit card.
- The Betfred welcome offer is restricted to UK customers only.
- Only your very first bet will count
- You have seven days to use the free bets once they’re credited into your account.
| Bonus Amount | WELCOME50 |
| Promo Code | £50 |
| Minimum Wager | £10 |
| Minimum Odds | 1/1 |
| T&Cs | Read full T&Cs |
From The Author
We’ve been using betting sites for roughly 20 years and enjoy having a punt on a wide range of sports. We’ve also signed up using plenty of offers, some good, some bad. But either way, we’ve learnt from the experience.
We aim to bring you the latest information on everything related to betting and welcome offers. But, if you see anything that doesn’t look right, please visit our About Us page and send us a message. We’ll be happy to help.
We hope this page helps you find what you’re looking for and remember, please bet responsibly.
- What Is The Betfred Promo Code?
- How To Sign Up With Betfred
- Betfred’s Performance At The UK Bookmaker Awards 2023
- How Does The Betfred Promo Code Compare?
- Betfred Existing Customer Offers
- Betfred Deposit Options
- Betfred Withdrawal Time
- More Betfred Offers
- What Safer Gambling Tools Are Available On Betfred?
- Betfred Promo Code Review
- Our Personal Experience With Betfred
- About The Author – Jacob Potter
- Betfred Promo Code FAQs
How To Sign Up With Betfred
To sign up with Betfred, you’ll be pleased to know that the process itself is a simple one to follow. Below, you’ll find a step-by-step guide on how to sign up with Betfred.
- Click here to be directed to Betfred’s site.
- Click on the ‘Claim here’ button, which is coloured green.
- Choose your username and password for your Betfred account, as well as ticking the box to confirm you’ve read through the terms and conditions.
- Enter your personal details, which include your Date of Birth, name, email address, mobile number, and security question answer.
- Enter the Betfred promo code in the relevant box, before clicking the ‘Register’ button, which will direct you to their sportsbook.
Betfred’s Performance At The UK Bookmaker Awards 2023
We use data provided to us by the UK Bookmaker Awards, which has collected opinions from bettors on various categories that a betting site offers. Head over to the MyBettingSites homepage for a closer look at what the Bookmaker Awards are about, which includes the process involved in drawing the data together.
Betfred haven’t hit the heights that they might have hoped for at the Bookmaker Awards, and there’s room for improvement within the majority of categories that are featured at the award ceremony. They came 22nd for market selection, which is the biggest area for concern. Data was collected on football leagues such as the Premier League, Bundesliga, La Liga, and Ligue 1 for this category, and Betfred struggled to match the likes of ZetBet, LiveScore Bet, and William Hill.
The highest-ranking area that Betfred will look to build on was their customer service, where they came eighth in the 2023 Bookmaker Awards. They scored 89.19 overall, which takes into account the methods of contact they have available to their customers, as well as the response time entailed within each contact option.
For a look at the full results from Betfred at the 2023 Bookmaker Awards, check out the table below.
| Category | Betfred Rank |
| Football Odds | 15th |
| Horse Racing Odds | 13th |
| Banking | 9th |
| Betting Experience | 14th |
| Customer Service | 8th |
| Welcome Bonus | 13th |
| Market Selection | 22nd |
| Overall | 20th |
How Does The Betfred Promo Code Compare?
The Betfred promo code offer is one of the best around and has more bonuses than most other operators. It is currently offering £50 in bonuses when you stake £10. In comparison, the bet365 offer gives £30 while Sky Bet offer £30, though the amount needed is less as you can place any bet.
It should be noted that while Betfred offer more than most, a percentage of the bonus is in Lotto and free spins. Comparing the offer to bet365, we can see that they include all £30 in bet credits, equalling the Betfred offer for free bets. There’s also a difference in when you can use your bonuses. Betfred releases the full amount five days after the bet has been settled. Whereas bet365 say that ‘bet credits are normally available one hour of the qualifying settled bet requirement being met’.
Betfred Existing Customer Offers
Double Delight Hat-Trick Heaven
This is an existing customer offer for football punters and is well worth a try. However, you should be aware that there are offers for both pre-match Hat-Trick Heaven and in-play Hatrick Heaven and it’s only live for the selected games.
Let’s use the pre-match version as an example. If you place a single bet pre-match on a first goal scorer in one of the selected games, then see your player score first, if they score a second then the odds double. If they score a third, the odds treble.
One Bonus Winner
Another existing customer offer for horse racing and greyhound enthusiasts. If you place a Lucky 15, Lucky 31 or a Lucky 63 on horse racing or greyhounds, Betfred will offer a return if only one of the selections win.
For example, if all selections run but only one wins, Betfred will give 3, 4 or 5 times the odds of your bet as cash.
- 5 x the Odds for One Winner on Lucky 63s
- 4 x the Odds for One Winner on Lucky 31s
- 3 x the Odds for One Winner on Lucky 15s
If you’re here looking for offers for horse racing, we also have Betfred Grand National offers to look into closer to the event.
Betfred Deposit Options
Betfred offers a variety of betting payment methods to suit customers’ needs and preferences. You can find all the payment and withdrawal options below.
| Method | Processing Time | Min | Fee |
| Visa Debit/Mastercard/Maestro | Instant | £5 | Free |
| PayPal | Instant | £5 | Free |
| Skrill | Instant | £5 | Free |
| Neteller | Instant | £5 | Free |
| Paysafecard | Instant | £5 | Free |
| Bank Transfer | Instant | £85 | Free |
Betfred Withdrawal Time
| Method | Withdrawal Time | Min | Fee |
| Visa Debit/Mastercard/Maestro | 3 – 5 Banking Days | £5 | Free |
| Visa Fast Funds | Up To 3 Hours | £5 | Free |
| PayPal | Up To 48 Hours | £5 | Free |
| Skrill | Up To 48 Hours | £5 | Free |
| Neteller | Up To 48 Hours | £5 | Free |
| Bank Transfer | 2 Banking Days | £25 | Free |
More Betfred Offers
Betfred Casino
Stake £10 get up to 200 Free Spins
You can get 200 free spins to use on selected games at Betfred Casino with their generous sign-up offer for new customers. All you have to do is deposit and wager funds of at least £10 on casino slots, and once you’ve done that, you’ll have the 200 free spins available to use on the operator’s site.
It’s important to read through the terms and conditions entailed within this sign-up offer, as the free spins are only available to use to use on selected games, and it’s also worth noting that pre-paid cards, and E-wallets aren’t available to deposit from for this promotional offer foe new customers. Find out more on who we think are the best casino sites.
Betfred Lotto
Bet £5 Get £20 in free play
With the Betfred Lotto sign-up offer, you can get £20 to use once you’ve deposited and wagered funds of at least £5 on Betfred Lotto or Numbers draws using the Betfred Lotto promo code, which is LOTTO20. The bonus funds will be credited into your account once the qualifying wager has been settled, and you’ve got seven days to use the bonuses before it expires.
Betfred Bingo
BET £10 GET £10 BINGO BONUS + 100 FREE SPINS. NO WAGERING ON YOUR WINNINGS
Use the Betfred Bingo promo code of BINGO100 and we’ll get a £10 bingo bonus, as well as 100 free spins to use on selected slots on Betfred. Free spins will be credited into the account within 48 hours of the qualifying criteria being met, and the free spins will expire within seven days of being awarded to the new customer.
What Safer Gambling Tools Are Available On Betfred?
Betfred offers a diverse array of options and tools to promote safer gambling. Their website features various resources, including third-party applications, designed to assist individuals who may be experiencing difficulties. Let’s explore the offerings in more detail:
- Deposit limits: Betfred provides the option to set deposit limits, allowing users to have better control over their gambling expenditures.
- Time out tool: A valuable tool offered by Betfred is the time out feature, enabling users to take a break from gambling for a specified period. This tool promotes responsible gambling habits and allows individuals to manage their playtime effectively.
- Reality Checks: Betfred understands the importance of staying aware of one’s gambling activities. Their reality check feature provides timely notifications to users, helping them monitor the duration of their gameplay sessions.
By offering a range of options, tools, and third-party recommendations, Betfred aims to promote responsible gambling practices and provide support for individuals who may require assistance.
Betfred Promo Code Review
| Pros | Cons |
|---|---|
| Great amount in free bets | £10 of the rewards are for non-sports |
| Free bets can be used on any market/sport | Bonuses expire after 7 days |
| Free spins can only be used on specific games |
With the Betfred promo code, you can get £50 in bonuses when you deposit and wager funds of just £10 on a betting market with minimum odds of 1/1 (2.0). Whether the qualifying bet is a winning one or a losing one, the new customer will be credited with the bonus on offer from this operator.
We were impressed with the size of the bonus on offer from Betfred, as there aren’t any other leading UK betting sites that offer their new players as much in bonuses. The likes of bet365, Sky Bet, The Pools, Ladbrokes, and Tote are just some of the other bookmakers that offer less in bonuses to their customers when signing up.
The minimum odds requirement on the qualifying bet is slightly higher than the majority of other operators though, as plenty of other betting sites have a minimum odds requirement of 1/2 (1.50). However, this shouldn’t matter too much, as the size of the bonus on offer from Betfred is a real positive.
Our Personal Experience With Betfred
Having signed up to Betfred using the promo code a few years ago, we’ve been a regular user ever since. And that in itself will show you that they’re a decent site to use. But that’s not to say there aren’t things we’d improve or use other sites for.
Firstly, we signed up because of the decent offer. It was a bonus of £40 at the time and more than most sites offer. The qualifying criteria was easy, especially as it was around the time of an International tournament with plenty of betting options. They’ve got a good reputation with that welcome offer being in place for a while. However, the same can’t be said for the existing customer offers.
In that area, I have been a little disappointed. While they do have promotions such as Acca Insurance and Extra Race Places, they don’t have any games similar to Paddy Power’s Beat the Drop or LiveScore Bet Squads. They also only have a loyalty system for horse racing with Rewards4Racing or virtual sports, something I don’t use often. One of our favourites for such a scheme is the Sky Bet Club, something Betfred should try to introduce on live sports.
The Betfred odds are similar to most other betting sites. Especially for football. And it’s important to remember that their ‘specials’ aren’t really that special. For example, before the 2023/24 season, in their football section they list a couple of ‘specials’, these included:
- Rashford top goal scorer @ 16/1
- Spurs to finish top 4 @ 3/1
When checking other betting sites. Rashford is listed at 16/1 across all major operators, with Betway at 20/1. This isn’t something I would classify as a ‘special’. Their odds aren’t bad, but I wouldn’t use their recommendations as a guide.
Overall though, we enjoy using Betfred and can put together an acca on a Saturday before football with ease. The same if we want to make a quick Bet Builder. It’s there if we want the basics but doesn’t push the boundaries of betting.
- Generous sign-up offer – Betfred have a sign-up offer that will draw customers in. There are also generous sign-up offers to their casino, lotto and bingo areas of the bookmaker.
- Live betting markets – Like many of their competitors, Betfred offer a considerable amount of markets to place bets on whilst the events are in-play.
- Mobile app – The Betfred mobile app is easy to work your way around whilst looking to place bets or play various games on the site whilst on the go.
- Football Markets – Betfred are one of our highly recommended football betting sites. With some competitive odds and great existing customer offers.
About The Author – Jacob Potter
I am currently employed full-time within the betting industry and have been actively engaged in online sports betting for nearly a decade. Over this period, I have amassed a comprehensive understanding of various betting sites operating in the UK. Whether it’s the industry giants like bet365, Sky Bet, and William Hill or the newer entrants such as BetMGM, talkSPORT BET, or 21LuckyBet, my daily reporting will keep you updated on the latest trends in the world of sports betting.
I possess unrestricted access to the UK Bookmaker dataset, enabling me to contribute my unique insights to complement the expert opinions featured on MyBettingSites. In my professional capacity, I invest significant time in researching the distinctions among bookmakers. This ensures that the information I provide regarding the top betting sites is informed by years of hands-on experience.
You’ll discover a wealth of detailed information about each bookmaker, including their strengths and weaknesses. These insights have been acquired through extensive usage and thorough examination of these betting platforms.
Betfred Promo Code FAQs
Is there a Betfred promo code?
Yes, there is. The promo code os WELCOME40 and you can find all the essential info about it right here on this page.
Who can claim the Betfred promo code?
Only new customers from the UK and NI who are older than 18 can redeem this offer
Can I claim the Betfred bonus in addition to other existing offers?
No, this offer is a one-time thing. After you redeem it, you can pursue other promotions aimed at registered players
Are Betfred legit?
Yes. Betfred are a legit betting site, and your funds will be safe with them whilst using the various features they have available.
