Betfred UK review: Sign up offer and sports promotions in 2023

Betfred is a legendary bookmaker any seasoned punter will recognise.

It was established by Fred Done in 1967, making it one of the oldest companies in the industry. However, Betfred also operates an online betting site, allowing punters to bet on their favourite sports from the comfort of their homes.

Today, we’re looking into the reasons that make Betfred one of the top online bookmakers in the UK. We’re testing everything you need to know, including bonuses, payment methods, betting markets, and innovative resources. Read our Betfred review to learn if signing up at this betting site is worth it.

❤️ Things we love about Betfred

Betfred stands out from the competition due to its reputation. On top of operating with a valid gambling licence, the bookie has years of experience in the betting industry. It also offers exciting bonuses and modern betting resources.

• Iconic bookmaker with over 55 years of experience
• Free bets and other regular promotions
• Innovative features, like bet builder cash out

🛠️ Things to improve at Betfred

Although Betfred is an excellent choice for UK punters, there are still a few aspects where it could improve. The bookmaker only has a handful of payment options, including VISA, Mastercard, and PayPal. In addition, live streaming is limited.

• The payment method selection is limited
• Live streaming is only available on select events

🎁 Latest Betfred offers and bonuses for sports

We couldn’t review Betfred without going through the operator’s offers and bonuses. The site has an extensive selection of bonuses, including but not limited to free bets, money-back offers, and accumulator boosters. Stick with us to learn how these promotions work:

Welcome bonus

Betfred’s welcome bonus is pretty straightforward – bet £10 and you’ll get £40 in free bets and casino bonuses. To be eligible for this offer, you must deposit using a debit card and place a bet of at least £10. The qualifying bet must be settled within seven days after signing up.

Cashed-out bets don’t qualify for the welcome bonus. Free bets and spins can be used on any market and selected games, respectively, and expire seven days after being credited to your account. This offer can only be claimed once per address, IP, or mobile device.

Accumulator bonuses

One of the most popular ways to boost your accumulators at Betfred is the Acca Flex bonus, which improves your winnings by up to 50%. The boost percentage varies according to the number of legs – e.g. a five-leg acca gets a 2.5% boost and an acca with 12 or more selections gets a 50% boost.

Betfred will also refund your stake up to £10 if your acca loses by one selection. The Acca Flex promotion is only compatible with football bets and select markets, such as match result, both teams to score, and over/under. Free bets, cashed-out bets, and in-play bets don’t qualify for the bonus.

⚽ Offers by sports

What’s excellent about Betfred is that punters can claim bonuses for specific sports, such as horse racing, American football, and greyhound racing. Here are some of our favourite offers available at this bookmaker:

Horse and greyhound racing

Betfred is home to several horse racing bonuses. Let’s start with money-back free bets – the bookmaker will refund your stake as a free bet if your selected horse finishes in second or third. The maximum refund is limited to £10 and free bets are valid for seven days. This bonus is only compatible with select events.

Then, there’s the Super Extra Place Races bonus. Occasionally, the site will pay additional places on select events. If your horse finishes in one of the extra places, your bet will be paid at odds 1.2 (1/5). The offer is only compatible with each-way single or multiple bets.

Last but not least – the Lucky Bonus. Punters who place a Lucky 15, 31, 63, Canadian, Heinz, or Yankee win or each-way bet on horse racing, greyhound racing, or virtual racing will get a boost of up to 25% if their selections win. The bonus is only valid if all contestants run.

Football

Betfred will pay double or triple the odds on events that are part of the Double Delight and Hat-Trick Heaven promotions. To be eligible for this bonus you must place a first goalscorer bet on select events. If the player scores two or three goals, you’ll get double or triple the winnings, respectively. Goals scored in the extra time and own goals don’t count.

American football

Do you enjoy betting on American football? If so, hear us out. Betfred offers acca insurance for anytime touchdown bets with five or more legs. If you lose your bet by one event, the bookmaker will give you a refund as a free bet, up to a maximum of £20. This insurance bonus isn’t compatible with other markets.

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🤔 How to sign up at Betfred – step-by-step

Registering at Betfred is easy, whether you’re on desktop or mobile. Follow the steps to sign up at the desktop website:

1. Visit the site using our secure link and press “Register”.
2. Create a username and password.
3. Confirm you’re 18 or over and have read the terms and conditions (T&C).
4. Enter your name, date of birth, email, and phone number.
5. Choose a security question and type the answer.
6. Type your address and select your currency.

Here’s how you can register on mobile devices:

1. Install the app or visit the mobile website.
2. Click “Register” to create your account.
3. Enter the information required, such as your name, email, and address.
4. Read the T&Cs and confirm you’re at least 18.

👛 How to place a bet

You shouldn’t have issues placing bets at this bookie. You can follow the steps below if you’re unsure how to get started:

1. Head to the sports betting section.
2. Select a sport or a competition from the list.
3. Look through the events and markets available.
4. Click on a market to add it to your betslip.
5. Select your stake once you’re confident with your picks.
6. Click “Place Bet” to confirm your wager.

💻 How to get the most out of live streaming with Betfred

Betfred offers punters the chance to stream their favourite sports, including golf, tennis, basketball, and cricket. To get started, visit the in-play betting section, press “Watch Live”, and click one of the tabs – “Watch Live Now” or “Upcoming”.

As you might have guessed, the competitions available are pretty limited. Still, you’ll find a few popular leagues, including the Turkish and Greek basketball leagues, and tournaments, like the Cricket World Cup. 

💰 How to claim your bonus

You need to use the code WELCOME40 to claim Betfred’s welcome bonus. All you have to do is register for an account and meet the requirements – i.e. placing a bet of £10 or more on evens or over within seven days of registering. 

Regular promotions follow the same rule: you’re eligible for the promotion if your qualifying bet meets the bookmaker’s requirements.

💳 Betfred payment methods

Betfred accepts popular banking options, including VISA and Mastercard debit, Skrill, PayPal, and paysafecard. All transactions are processed instantly for your convenience. Please note you must verify your account before depositing at the bookmaker.

🏧 Betfred withdrawal options

The bookmaker allows players to withdraw with the same method used to deposit, except for Paysafecard. The minimum withdrawal is £5. You can contact support if you’d like to request a withdrawal under this amount.

Withdrawals are processed within 48 hours after being requested. However, it can take a few more days until the funds are credited to your account, especially if you withdraw via debit card. E-wallet transactions are credited instantly.

💷 Betfred minimum deposit

Betfred has a minimum deposit of £5 for all payment methods, which is lower than most online bookmakers in the UK. 

🧧 How to use the cash-out feature

Betfred wouldn’t be a top-rated bookmaker if it didn’t offer a cash-out feature. Punters can use this resource to settle their bets earlier, allowing them to limit their losses or secure part of their winnings.

To cash out, all you have to do is check your active bets. If your bet slip has a cash-out symbol, that means you can settle your bet. Cash-out is always available on specific events, such as UK and Irish racing. 

However, it’s important to remember that the cash-out feature can’t be used with free bets. In addition, cashing out a qualifying wager automatically voids any free bet bonuses you might be eligible for. 

💸 Does Betfred offer free bets?

Yes. Betfred has several free bet offers, the most common being the welcome bonus that rewards you with £40 in free bets and casino bonuses. You’ll also find money-back bonuses that give you free bets if you lose your wager, and weekly free bets for greyhound racing.

More bookmaker reviews

Our experts leave no stone unturned when reviewing bookmakers and casinos. Take a look at our other trusted betting site reviews:

• BetUK review
• Unibet review
• Ladbrokes review
• Betway review
• kwiff review
• Paddy Power review
• Spreadex review
• Tote review
• BetVictor review
• bet365 review

Commercial content notice: Taking one of the bookmaker offers featured in this article may result in a payment to talkSPORT. 18+. T&Cs apply. Begambleaware.org

Remember to gamble responsibly

A responsible gambler is someone who:

• Establishes time and monetary limits before playing
• Only gambles with money they can afford to lose
• Never chase their losses
• Doesn’t gamble if they’re upset, angry or depressed
• Gamcare – www.gamcare.org.uk
• Gamble Aware – www.begambleaware.org

Find our detailed guide on responsible gambling practices here.

For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to www.gamstop.co.uk to be excluded from all UK-regulated gambling websites.