Founded in 1967, Betfred is one of the longest-running gambling companies still operating in the UK. It is owned by founder and chairman Fred Done, who established the company with funds won following a bet on England to win the 1966 World Cup.

Read on to find out more about the Betfred new welcome offer — which gifts new customers with £50 in free bets following their first £10 wager — and other important information to know before signing up.


Our Betfred Review

There’s lots to like about Betfred. The sign up process was quick and simple, and I was placing my qualifying wager within minutes of opening my new account. With £50 to play with as a new customer, it’s one of the most generous welcome bonuses currently on the market.

It’s great to see a long list of Betfred promotions for existing customers, as well as live streaming facilities — all of which is available on the Betfred app. These promotions were however all geared towards football and horse racing, so I’d like Betfred to be a little more varied with its future offers.

How We Scored Betfred

Betting sites must first pass through a rigorous reviewing process before it’s recommended on the Compare.bet site. You can see how Betfred performed in a range of areas in the table below. If you’re interested in how we score betting sites, click on the link.

Categories Score (out of ten)
Sports and Betting Markets 7
Licensing and Safety 10
Competitive Odds 8
Usability 9
Mobile Capabilities 9
Bonuses and Promotions 10
Payment Options 8
Customer Support 10

Is Betfred a Trustworthy and Safe Brand?

We don’t take any risks when it comes to licensing and player safety. Every betting site you find on Compare.bet holds a valid licence from the UKGC, and Betfred site is no different. With almost 60 years’ experience in the industry, rest assured that Betfred is a trustworthy brand.

Company Betfred
Registration Number 99314
Address 5.2 Waterport Place, 2 Europort Avenue, Gibraltar, GX11 1AA
Licences UKGC, Gibraltar Gambling Commission
Email [email protected]
Live Chat Available 24/7

Personal Experience Using Betfred

You don’t need me to tell you that Betfred is one of the best betting sites in the UK. It’s one of the most recognisable brands in the industry, and its 60 years of operations is testament to its quality.

I’m a big fan of the welcome bonus — more generous and more varied than practically every other offer currently on the market. With £40 in free bets and £10 worth of free spins to use on Fishin’ Frenzy, it’s a great way to get started.

Betfred showers existing customers with plenty of other promotions. I counted 18 of these in total, spread primarily across football and horse racing betting markets. With live streaming services, 24/7 customer support and a Betfred app all available, it’s easy to see why Betfred remains popular.

I’d like to see a few more payment methods added just to round out the cashier page, but this is a minor issue when viewed in context with the pros of the site.

For new punters signing up to the site, remember that you’ll need the Betfred promo code WELCOME50. You’ll also need to deposit £10 with a debit card, and then stake that £10 on minimum odds of 1/1. Once that first bet has settled, you’ll bag the £50 bonus.

pros icon Pros:

  • Market-leading range of offers and promotions
  • User-friendly interface
  • Intuitive mobile app

cons icon Cons:

  • Limited sportsbook

Betfred Sign Up Offer Explained

Bet £10 Get £50 in Free Bets
#AD New customers only. Register with SUMMER50 between 31/05/24 – 14/07/24. 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 & payment exclusions apply. Full T&Cs apply. 18+. Full T&Cs apply. Please gamble responsibly. GambleAware.org

Betfred is currently offering new customers £30 in free bets when they deposit and make a qualifying bet of £10 or more. It must be staked on a sportsbook event at odds of 1/1 or greater and will need to be the first bet placed with a new account. New customers will then be credited with £30 in free bets within 10 hours of the initial bet being settled, and will have a week to use them before they expire. There are no wagering requirements attached to the bonus, so you’ll be able to withdraw any potential winnings instantly.

For sports bettors, the Betfred welcome bonus is £40 in free bets when punters sign up and stake their own £10 first. A total of two £20 free bet tokens will be credited: one to use on any in-play market, and another on any accumulator bet. There’s also a £10 slots bonus thrown in to use on Fishin’ Frenzy — 50 of these are issued with a valuation of 20p each, bringing the total bonus amount to £50.

Betfred Sign Up Offer Terms and Conditions

All sports betting bonuses come with a series of terms and conditions, and the Betfred sign up bonus is no different. Let’s take a look at these in greater detail:

  • Minimum odds — Your first £10 wager must be placed on an event with odds of evens (1/1) or greater.
  • Time limits — Your qualifying wager must be placed within seven days of opening your Betfred account. You’ll also have seven days to make use of the free bets.
  • Betfred bonus code — The Betfred welcome offer is only available to those who sign up using the bonus code WELCOME50.
  • Payment restrictions — Your qualifying deposit must be made through a debit card; no other payment method is eligible for this bonus.
  • Restricted bets — Your £20 acca free bet must be used on a bet slip with a minimum of four legs.
Betfred Sign Up Offer Terms & Conditions
Wagering Requirements None
Minimum Odds Evens (1/1) or greater

 

Minimum Deposit and Bet £10
Bonus Expiry Seven days
Restricted Bets Four-leg minimum for £20 acca free bet

How to Sign Up to Betfred and Claim Your Bonus

To claim the Betfred welcome bonus, simply follow the steps below.

  1. Click through to the Betfred welcome offer
    Use our links to click through to Betfred’s welcome offer. Then, click on the green Claim Here button underneath the offer. Betfred Sign-Up Offer
  2. Create your Betfred account
    Clicking the Claim Here button will bring you to the first page of registration, where you’ll be asked to provide an email address, username and password. Hit Continue to progress to the next page, where you’ll enter your title, full name and date of birth. Next, Betfred will ask for a phone number, as well as a security question and its subsequent answer. Finally, enter your post code and select your address from the drop-down menu.Betfred New Customer Sign-UpBetfred New Customer DetailsBetfred New Customer ContactBetfred New Customer Address
  3. Select your account settings
    The final page of the sign up process relates to your account settings. Specify how you’d like to stay informed of promotions — SMS and email are the two options, or you can opt to receive no marketing material whatsoever. Also choose your currency and enable deposit limits and reality checks restrictions — these are two essential tools to help facilitate responsible gambling behaviours. Make sure the Betfred bonus code is correct, then hit Register.Betfred New Customer Settings
  4. Add a payment method and make your first deposit
    Once your account is live, it’s time to add funds to your wallet. Remember that only funds added through a debit card will be eligible to pick up the welcome offer, and the minimum deposit amount is £10. Failing to meet either of these conditions will result in forfeiting the welcome bonus.
  5. Place your qualifying bet
    With money in your account, it’s time to place your qualifying wager. The Betfred sportsbook is your oyster: there are no market restrictions, except that the qualifying bet must be placed on an event with minimum odds of evens or greater. Once the bet has settled, the free bets and free spins will be credited to your account within ten hours.

What are Betfred Bet Credits and How to Use Them?

Bet credits, also known as free bets, are a common type of bonus at sports betting sites. Bet credits are issued in a lump sum and designed to be used on one bet, which means you can’t separate the value of a bet credit into multiple bets. For instance, a £5 bet credit offers punters one £5 free bet, not 5x £1 free bets.

Do you Require a Bonus Code to Claim your Betfred Sign Up Offer?

Yes. The £50 Betfred welcome bonus is a special offer reserved for Compare.bet readers. As such, it can only be claimed using the bonus code WELCOME50. When you click through to the offer page from our website, the bonus code will be automatically entered into the registration page. You therefore don’t need to do anything, except make sure the Betfred promo code has been added.

How Does Betfred’s New Customer Offer Compare with Other Bookmakers?

The Betfred new welcome offer is good, but how good exactly? Take a look at the table below for a comparison of the Betfred welcome bonus with what’s on offer at other leading betting sites.

Bookmaker Welcome Offer Bonus to Stake % Promo code
Betfred £40 in free bets plus £10 slots bonus 500% WELCOME50
BetMGM £40 in free bets 400% N/A
BetVictor £30 in free bets 600% N/A
Bet365 £30 in free bets 300% N/A
Coral £20 in free bets 400% N/A
BoyleSports £20 in free bets 200% N/A
Go To Betfred

Betfred Existing Customer Promotions and Regular Offers

There were 18 different Betfred promotions available for new and existing customers during my review, the majority of which target football and horse racing markets. 18 is simply too many to describe here, but here are my six favourite offers from that list.

Football — Goal Fever

Receive a 25% cash bonus if your pre-match selection wins by three or more goals.

Football — Acca Flex

Up to 50% cash bonus on successful accas, and a £10 max cash refund if one leg lets you down.

Football — Double Delight & Hat-trick Heaven

Double your payout if your pre-match first goalscorer selection scores again in the same match. Triple the payout if that player bags a hatty.Horse Racing/Greyhound racing — Best Odds Guaranteed

Horse Racing/Greyhound racing — Best Odds Guaranteed

Lock-in your selections at the peak of their odds, regardless of where they are at the start of the race.

Horse Racing — Extra Places

Betfred pays out to extra places on selected races for each way, single and multiple bets.

Horse Racing — Free Bet if Second

If the horse you’ve backed to win finishes second, Betfred will return your stake in the form of a free bet.


On Which Sports Can You Use the Sign Up Offer?

There are no market restrictions on eligible sports with the Betfred sign up offer. Only bets on virtual sports will be disqualified. Be mindful that tote pool bets also won’t qualify, and punters are not permitted to cash out their qualifying wagers. Also remember that minimum odds requirements on the initial bet are set at 1/1.

  • American Football
  • Australian Rules Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • eSports
  • Football
  • GAA Sports
  • Golf
  • Greyhounds
  • Handball
  • Horse Racing
  • Hurling
  • Ice Hockey
  • Motorsports
  • Politics
  • Rugby League
  • Rugby Union
  • Snooker
  • Tennis
  • UFC/MMA
  • Virtual Sports

Live Betting & Streaming

You can bet on hundreds of events in-play every day at Betfred. Customers can place bets on a variety of sports including football, ice hockey, cricket, tennis and basketball. As with its pre-event offering, there’s a relatively limited range of markets available to bet on, with around 12 available on football and tennis matches, and fewer on sports like cricket and basketball. The site also has a handy cash-out feature, so you can lock in some profit or cut your losses depending on how your bet fares.

If you like keeping tabs on the action while your bets are in-play, you’ll be glad to know Betfred streams hundreds of events each week on its Watch Live service. You’ll be able to tune into top European football leagues like the German Bundesliga, as well as action from major tennis tournaments like the Australian Open. There’s also extensive coverage of British and Irish horse racing. The best thing about these streams is they’re available to all Betfred account holders for free. All you need is a positive account balance and you’ll be able to stream as much live sport as you like.


Odds

The Betfred sportsbook has a more modest range of markets compared with other betting sites. To give some examples, there are 45 markets available on Premier League football matches, 11 on Test Cricket matches and nine for major tennis matches.

What Betfred may lack in range it makes up for in flexibility, as it has several ways for punters to make unique bets. There’s the Pick Your Punt builder, which allows you to design your own bespoke multiple and then get an instant price for your selection. Betfred also offers punters the chance to request tailored bets using the #PickYourPunt hashtag. If you can’t find odds for a selection you’d like to bet on, all you have to do is tweet or leave a Facebook comment with the hashtag #PickYourPunt and its traders will price up your unique selection. This feature is only available on selected games – you can find a list of all the eligible action on the Pick Your Punt page on the Betfred site.


Does Betfred have a Mobile App?

Yes! The Betfred mobile app can be downloaded from the Play Store if you’re an Android user, or the App Store if you’re on iOS. If your betting site has a mobile app available, downloading it brings some app-specific benefits, including faster loading times, customisable pages, and the opportunity to catch every promotion via push notifications.

Go To Betfred

Design & Usability

Betfred’s desktop site has a clear and uncluttered layout. Unlike most sites, it only has a single menu, from which you can access all the site’s features, including an A to Z list of sports, in-play betting and the promotions page. It also has a few unique design features that make it punter-friendly. For example, icons on each event listing indicate which channel the event is being broadcast on, or whether it’s being live streamed on the site itself.

You’ll find snippets of useful insight on top sports like football and horse racing courtesy of the Racing Post. On certain events and markets you’ll see key stats and form information, like how many goals a team scores on average, or the results of previous meetings between two sides. You should always do your own research when betting, but it helps to have the key facts and figures to hand when placing your punt.


Betfred Key Sportsbook Features: What Makes Signing Up Worthwhile?

As one of the longest-running sportsbooks in the UK, Betfred knows how to reward its customers. Let’s take a look at the main reasons why you should consider joining this sportsbook.

Fantastic Welcome Offer

The Betfred welcome offer is the first and most obvious reason for signing up. Most sportsbooks offer new customers a maximum of £30 — £40 at a stretch — when they first sign up. Betfred tops that with an extra £10 slots bonus, which comes with no wagering requirements.

Betfred Promotions

It’s not just new players treated to bonus opportunities; existing customers also get their fill with a long list of promotions. There were 18 separate Betfred promotions for returning customers during my review — a large amount by any standards. The majority of these covered football and horse racing markets, but the promotions page will always reflect the major sports events currently taking place.

#PickYourPunt

If you’re ever left unsatisfied by Betfred odds, betting markets or promotions, you can create your own custom bet slip using the #PickYourPunt hashtag. Simply click on the #PickYourPunt tab, or contact Betfred on X, and receive instantaneous odds on customised bet slips.

Integrated Casino

There’s a lot more to sports betting at Betfred. At the top of any page at the site, you’ll notice tabs for Betfred Games, Betfred Casino, Lotto, Live Casino, Vegas, Bingo and Poker — if you’d like to mix things up, click on any of these tabs and play your favourite casino games under the same account.

Live Stream

Betfred offers a live stream service enabling punters to watch the action through their betting accounts. Football, horse racing and tennis tend to be the sports targeted by live streaming.

Betfred App

Those who enjoy gambling on their phone or tablet will enjoy access to the Betfred app, where sports markets and casino games are available anywhere with an internet connection. Betting apps also offer the most efficient way to stay up to date with bonuses and promotions.

Go To Betfred

Which Payment Methods Can I Use to Deposit and Withdraw with Betfred?

There is a good range of Betfred payment methods, covering debit cards, PayPal, Skrill, Neteller and Paysafecard. If you’re not sure which method to use as a new customer, it’s best to always stick with debit cards — this option guarantees eligibility for all welcome bonuses.

Deposit Method Fee Deposit Time Withdrawal Time Minimum Deposit Minimum Withdrawal
Debit cards None Instant Instant – 48 hours £5 None
PayPal None Instant Instant – 48 hours £5 None
Skrill None Instant Instant – 48 hours £5 None
Neteller None Instant Instant – 48 hours £5 None
Paysafecard None Instant N/A £5 N/A

Customer Support

Betfred has a number of lines of customer support. Here’s how you can get in touch with the team:

Live Chat: www.betfred.com/live-chat
Email: [email protected]
Twitter: @betfred
Facebook: facebook.com/betfred

Your Questions Answered

How do I claim a welcome bonus?

Signing up and claiming a welcome bonus couldn’t be easier. Our link will take you to a landing page where the offer is already activated. You’ll then have to provide some details and complete a Know Your Customer (KYC) check, where you’ll be asked to verify your identity. Once that’s done, you’ll simply have to place a qualifying bet and wait for it to be settled. Your account will then be credited with a free bet within 10 hours.