Betfred Bet £10 Get £50 in Free Bets

One of the most popular bookmakers in the industry, across the UK and beyond, Betfred are offering new customers a welcome bonus. Bet £10 Get £50 in Free Bets when you sign up and use the Betfred bonus code SUMMER50.

In this guide, we’re going to show you how to sign up and claim these Betfred Free bets. Read on to learn the steps you need to take and how you can get started with everything Betfred.

What is the Betfred Bet £10 Get £50 in Free Bets

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.

This Betfred new customer offer is one of the more generous in the industry right now. Sign up and bet £10, and you can receive £50 in free bets. You will be credited with 3x £10 Free bets which can be used on anything and also 2x £10 Free bets which must be used on Accumulator bets.

It’s a reasonably straightforward offer to claim, provided you meet all the stated terms and conditions. The t’s and c’s are simple to follow and easy to understand, but it’s important you read them carefully before you attempt to sign up and claim the welcome offer.

To get started, head over to the Betfred site. You can do so using any of the links you’ll find in this guide. Hit the Register icon and complete the sign up form.

In the first part of the Betfred sign up process you need to create a username and password. Ensure these are different from one another. Next, you’re required to input your personal information, including your full name and address. On the third page, enter your mobile phone number and email address. You may have to complete the SMS verification process at this stage. Next, choose and answer a security question. Finally, choose your account preferences. This also includes choosing your marketing preferences. 

On the final page of your Betfred registration form is the box where you enter the promo code. Enter the Betfred promo code SUMMER50. If you don’t enter the code here, you’ll lose access to the welcome bonus.

It’s important to note Betfred will ask you to verify your account before you get access to any Free bets. You may be asked to prove your identity or your address, for example. 

Next, let’s take a look at the terms and conditions of the Betfred new customer offer.

The offer is open to new customers aged 18 or above and who reside in the United Kingdom. You can join at any time, with the exception of the day of the Aintree Grand National. Once you’ve registered an account, you have seven days in which to make your qualifying deposit and first bet. Your qualifying deposit is a deposit of at least £10 made by a Debit card. No other deposit method will be accepted.  

Your first bet must be one Single bet that has a stake of at least £10 as well. You can bet on any Sportsbook market that has odds of at least Evens. This bet must be settled within seven days of creating your account. Only this first bet will count as a qualifying bet. If you place a wager on shorter odds than stated, or place a stake less than £10, you’ll lose out on the Betfred Free bets. In addition, if you cash out this initial bet, you’ll again lose out on the Betfred bonus offer.

There is a wide range of Betfred sports markets you can choose for your first bet. There are some exceptions, though. Totebets and any bets on virtual markets will not count. 

Once you’ve placed your qualifying bet and it has settled, you should receive your Free bets within 10 hours. Remember, you need to place your qualifying bet, and it should be settled, within seven days of registering your account. As we touched upon before, you will need to validate your account before you receive your Betfred Free bets. Generally, Betfred use SMS verification to validate your account. Be aware, though, that you might have to send off additional documents to satisfy the Betfred Know Your Customer scheme.

So how you can use your Free bet bonus funds. You can’t withdraw your Free bets as cash, they must be used to place wagers. Any winnings you make from a Free bet won’t include the Free bet amount. There is a time limit attached to your Free bet bonus funds. Make sure you use any bonus funds you receive within seven days of them being credited to your account.  

Remember, you must use the Betfred bonus code SUMMER50 on the sign up form to be eligible for this offer.

Betfred terms and conditions can change at any time. It’s important you read and understand all the t’s and c’s before you attempt to register an account.

To simplify the above, follow the steps below.

1. Head over to the Betfred website, you can do so via any of the links on this page

2. Complete the registration form

3. Be sure to enter the Betfred promo code SUMMER50 on the registration form where requested

4. Deposit at least £10 using a Debit card

5. Place at least £10 on a sports market that settles within seven days

6. Receive your Betfred Free bets and use them within the allowed time

Betfred Football Bet £10 Get £50 in Free Bets

Football is one of the most popular sports worldwide and betting on football is big business for bookmakers across the globe. You can choose any football match to bet on for your qualifying bet to claim the Betfred new customer offer.

You can bet on any football match that Betfred odds are available on. A common competition to bet on is the English Premier League. There is, though, a huge range of football divisions and tournaments you can choose. From popular competitions like the aforementioned Premier League, the UEFA Champions League and La Liga, to lesser known leagues such as the Bolivian Primera Division, Turkey’s 1. Lig and Argentina’s Copa de la Liga Profesional, Betfred offer their customers a huge amount of choice. 

In the example screenshot below, you’ll see that we’re looking to place a bet on Manchester City v Tottenham Hotspur. We’re placing £10, the minimum amount for a qualifying bet, on City to win and both teams to score in the match. The odds on offer are 13/10, greater than the min odds requirement of Evens. The game we’re betting on is taking place on the same day as bet placement, meaning it meets the seven day restriction.

Betfred Horse Racing Bet £10 Get £50 in Free Bets

One of the biggest sports in the UK and around the world is horse racing. Betfred are synonymous with horse racing, with a range of promotions and bonus offers available on the sport. We’ll come to this a little later in this guide.

You can place your qualifying wager to claim the Betfred new customer bonus on any horse racing meet odds are available on. 

In the example screenshot below, you’ll see that we’ve placed a bet on the 15:40 at Fairyhouse. We’re placing £10, the qualifying amount, on Petit Secret. The odds we’re taking are 13/8, longer than the min odds requirement of Evens. The race we’re betting on is taking place on the same day as bet placement, meaning we meet the seven day restrictions.

Betfred Tennis Bet £10 Get £50 in Free Bets

Tennis is another incredibly popular sport to bet on. There are a variety of tennis tournaments, both major and minor, taking place all year, meaning plenty of opportunities to bet on the sport. At Betfred, you have the choice of betting on a wide array of tournaments, from Grand Slams like Wimbledon and the US Open to minor events like the ATP Temuco Challenger and the WTA Argentina Open.

You can place your Betfred qualifying bet on any tennis tournament available on the betting site.

In the example screenshot below, you can see we’re placing a bet on the WTA Argentina Open Final between Maria Carle and Laura Pigossi. We’re using the Set Betting market, and betting on Carle to win two sets to nil. Our stake is £10, the minimum required to qualify for this offer. The odds are 23/20, greater than the Betfred minimum odds requirement of Evens. The match is taking place on the same day as we’re placing our bet, meaning we meet the seven day time limit restrictions.

Betfred Cricket Bet £10 Get £50 in Free Bets

Another popular choice for bettors and sports fans alike is cricket. There are a vast number of cricket tournaments and events worldwide all year round. From the Ashes and the Cricket World Cup, to domestic leagues like Australia’s Big Bash League, you have plenty of choice when it comes to cricket betting with Betfred.

In our example screenshot below, you’ll see that we’re using the Big Bash League for our qualifying bet. We’re betting on Melbourne Renegades to beat Sydney Sixers. Our stake is £10, the minimum amount required to qualify for the Betfred welcome offer. The odds are 5/4 which are greater than the minimum odds requirement of Evens. The game is taking place on December 7th, which means our chosen event is taking place four days after we place our qualifying bet, which is within the seven day time frame stated in the terms and conditions (for clarity, our bet is being placed on December 3rd). 

Betfred Other Sports Bet £10 Get £50 in Free Bets

As we’ve touched upon previously, Betfred offer odds on a wide variety of sports and events. There are over 25 different sports and events you can bet on. Most of these can be used in conjunction with the Betfred welcome offer of Bet £10 Get £50 in Free Bets. You’ll find all sports and events available with this operator in the table below. Note that not all of the events listed below can be used to claim your Betfred bonus. Refer to the terms and conditions above for more information.

American Football	Baseball	Basketball	Boxing
Cricket	Cycling	Darts	Football
Gaelic Sports	Golf	Greyhounds	Horse Racing
Hurling	Ice Hockey	Motorsports	Politics
Rugby League	Rugby Union	Snooker	Specials
Tennis	UFC	MMA	Virtual Sports

Take a look at our example screenshot below. We’re placing our qualifying bet on the NFL, and betting on Tennessee Titans to beat Indianapolis Colts. Our stake will be £10, the minimum amount required to qualify for the Betfred new customer bonus. The odds we’re taking are Evens, the minimum odds requirement for the offer. The game we’re betting on is taking place on the same day as we’re placing our bet, meaning we meet the bet settlement rules as stated in the terms and conditions. 

How to Get the Most Out of Betfred Bet £10 Get £50 in Free Bets

The opportunity to claim Free bets is an attractive one. Many bettors, though, sometimes think of Free bets as a form of risk-free betting. This is untrue! There is simply no such thing as a risk-free bet, whether you’re using real cash or a Free bet to place a stake. It would also be foolish to think of your Free bets as ‘free’ - they’ve cost you at least £10 in deposits and stakes just to qualify for them. 

If you do qualify for the offer, you will receive £50 in Free bets. There are many aspects you should consider before using them. Next, we’re going to take a look at some of the considerations when it comes to claiming your Betfred welcome offer.

1. Think about your qualifying bet

One of the most attractive aspects of this Betfred welcome bonus is that you can bet on almost every sport the betting site offers odds on. You are not restricted to just betting on football or horse racing, for example. As we touched upon earlier, you have a fantastic range of sports and events to choose from. The minimum odds requirement of Evens also opens up lots of choice for you when you place your qualifying bet. Remember, to claim this offer, you must place your qualifying bet within seven days of creating your account. This bet also must be settled within that seven day period.

So, if you’re signing up in August, you shouldn’t place a bet on who will lift the Premier League title, for example, as this bet wouldn’t be settled until May. It might be best to look at individual matches, rather than the Outright markets, to ensure your bet is settled within the qualifying period. 

In addition, think about what you’re actually betting on. While your qualifying bet doesn’t have to win for you to receive your Betfred Free bets, you should still think carefully about your chances of winning. As with all forms of betting, ensure you do your research into the game you’re staking real cash on.

2. Take advantage of the sports and markets available

As we’ve talked about, you’re not restricted to placing your qualifying bet on just one sport. You have a vast array of sports and events to choose from. At the same time, though, while having a range of choices, ensure you bet on a sport or event you have betting knowledge about.

     3. Think about how you’ll use any winnings

Again, many bettors think of any winnings that are made using Free bet tokens as a bonus that can be spent on wild shot-in-the-dark bets or wagers that have incredibly high, and therefore unlikely to win, odds. Use any winnings you make from Free bets as wisely as you would if you’d made them from real money stakes.

Pros and Cons of the Betfred Bet £10 Get £50 in Free Bets

The Betred welcome offer of Bet £10 Get £50 in Free Bets is certainly one of the more attractive new customer bonuses on the scene right now. There are many advantages you can get with this offer, with a number of positive points to it. There are, as with all bookmaker offers, some parts of it that could be improved.

In the table below, we’ve detailed the pros and cons to this Betfred promotion for new customers.

A reminder of the Betfred new customer bonus terms and conditions. Head to the Betfred betting site, you can do so using any of the links on this page. Complete all parts of the registration form, making sure all the information you enter is valid and correct. On the last page of the sign-up form, you’ll have the opportunity to enter a Betfred promo code. Use the bonus code SUMMER50. Deposit at least £10 using a Debit card and place a bet with a stake of at least £10 with minimum odds of Evens within seven days of registering your account.

Reasons To Claim Betfred Bet £10 Get £50 in Free Bets

There are some downsides to this offer, which we’ve touched upon in the table above. Only deposits made using a Debit card will qualify for this offer, meaning that if you prefer using a different payment method, you’ll have to change your preferred method to claim your bonus. There are minimum odds requirements too, as well as a time limit on when you can use your Free bets.

However, there are many reasons why this Betfred bonus is worth considering. For us, our top reasons for claiming this new customer promotion are as follows:

• Your Free bets can be used on almost any sport or market

• Reasonably easy offer to claim

• A reasonably small amount required for the qualifying deposit

• A reasonably small amount required for the qualifying stake

• You get £50 in bonuses, five times the amount of your qualifying deposit and stake

How to Claim the Betfred Bet £10 Get £50 in Free Bets?

In this next section of our Betfred new customer offer guide, we’re going to show you how you can claim this bonus. Follow our step by step guide to register an account and claim your welcome bonus.

1. Visit the Betfred betting site, you can do so using any of the links on this page

2. Hit the Claim Here icon

3. Create a username and password to use in conjunction with your betting account

4. On the next page, enter your full name and date of birth

5. Next, enter a valid email address and mobile number. Remember, you might be asked to complete the SMS verification process to get your Free bets

6. Choose and answer a security question

7. Enter your full address

8. Choose your marketing preferences

9. At the bottom of this page, hit the Plus icon

10. Enter the Betfred bonus code SUMMER50

Once you’ve done this, head over to the Cashier section of your new Betfred account. Make a deposit of at least £10 using a Debit card. Then, place a bet with a stake of £10 on any Sports market that has odds of at least Evens. Make sure this bet will be settled within seven days of bet placement. You should then receive your Betfred Free bets within ten hours of your bet being settled.

Betfred Bet £10 Get £50 in Free Bets Terms and Conditions

As you would have read at the top of this guide, there are a variety of Betfred terms and conditions you need to adhere to in order to claim this welcome offer. You can get £50 in Free bets when you deposit and bet at least £10. For clarity, we’ve listed the significant terms and conditions of this offer below.

Who is eligible for this Offer?

• New customers residing in the UK, Ireland and Gibraltar who are at least 18 years old and who register for an account with us between 00:00 on Friday 31st May and 23:59 on Sunday 14th July 2024. Customers must be successfully verified by us before any Free Bets are awarded. Please see the Betfred Verification Policy for more details.

How do you get the Free Bets?

• Deposit at least £10 using a Debit Card registered to you. No other payment method will qualify. Place a bet of £10 or more on any qualifying Sportsbook markets at odds of Evens or greater (2.0+), which is going to be settled within 7 days of registering for your account. Two or more separate bets with a combined stake of £10 will not qualify. Only your very first valid bet will count. If your bet is voided or cancelled by us: it will not count and the next valid bet you place will be considered instead. If your account is set to euros you will need to deposit and bet €10 to qualify.

What bets or markets will not qualify?

• Bets placed using Free Bets or Bets on Totepool and Virtual Sports. If you Cash Out your qualifying bet.

When will you be credited with your Free Bets?

Your £50 in Free Bets will be credited within 10 hours of your qualifying bet being settled, and can be used as follows:

• 3 x £10 to use on any Sportsbook Markets
• 2 x £10 to use on Accumulators (4+ selections).

Are there any other limitations you should know about?

• Free Bets cannot be withdrawn as cash and will not form part of any winnings returned. Any unused Free Bets will expire 7 days after issue. One welcome offer per address/IP address/device or mobile number. Previous account holders are not eligible for the offer. Anyone opening a Betfred.com account that has previously held an account with us that is closed does not qualify for the offer. In the event of a dispute, the decision of the Betfred Management Team will be final and based on our Terms and Conditions.

Can we change or remove this Welcome Offer?

• We may remove and change this Welcome Offer without notice. These changes will not affect any Welcome Offer that you may have already registered for, or placed any qualifying bets towards, other than where this is necessary to prevent fraud or other similar unlawful behaviour.
• Betfred reserve the right to withdraw the promotion, if required, for reasons beyond our control, such as system failures or supplier withdrawal (not exhaustive). In the instance that this happens, we will endeavour to communicate any withdrawal in a timely manner.

It’s important to remember that these Betfred terms and conditions can be changed at any time. Make sure you read and understand all the t’s and c’s before you attempt to create an account and claim this Betfred new customer bonus.

Betfred Existing Customer Promotions

While this guide is focused on the new customer offer Betfred currently have available, there’s also a number of bonus offers for existing customers, too. Existing members of the Betfred site will be well aware of the number of existing customer promotions Betfred also have available. There is a vast array of Betfred promotions for those who have already signed up, based across a number of different sports and events.

For the majority of promotions we’re going to discuss in this next section, you don’t need a Betfred promo code. Each, though, has separate terms and conditions attached, such as wagering requirements and minimum odds requirements, so make sure you read these before you attempt to claim any offer.

There are a number of Casino promotions available too, but for now we’ll concentrate on the sports offers Betfred currently have available.

Double Delight & Hat Trick Heaven

For fans of betting on football, take a look at Betfred’s Double Delight and Hat Trick Heaven promotions. These are based on the Goalscorer market. Bet on a player to score in a selected game and if they go on to score two goals (Double Delight) or three goals (Hat Trick Heaven) you’ll receive double and treble the original odds respectively. Eligible markets include the First Goalscorer, Second Goalscorer and Third Goalscorer markets.

This promotion is available on other sports, too. You can find Double Delight and Hat Trick Heaven on selected rugby matches, for example.

Another advantage to this offer is that the bonus is awarded to you as withdrawable cash, rather than Free bets. There is no need to use a Betfred bonus code for this offer, either.

There are no minimum odds requirements nor are there any payment restrictions to this offer. If you’re betting on the First, Second or Third Goalscorer markets, this offer could enhance any potential winnings you might make.

This offer is also available in-play.

Acca Flex

Acca Flex is an updated version of Betfred’s Acca Insurance. Place a football accumulator with at least five selections with odds of at least 1/2 on each selection. If this bet wins, Betfred will give you an extra cash bonus of up to 50%. If one of the legs in your Acca loses, Betfred will return your stake, up to a maximum of £10, as withdrawable cash.

There are a range of markets that are eligible for this offer. These are Match Result, Both Teams To Score, Match Result & Both Teams To Score, Half-Time/Full-Time, Total Goals Over/Under, Match Result & Total Goals Over/Under, Correct Score, Double Chance and First Half Over/Under.

Other terms and conditions apply, so make sure you read all t’s and c’s on the Promotions page once you’ve logged in to your Betfred account.

On winning accumulators, the cash bonus amount depends on how many legs you had in your Acca. If your winning Acca has five selections, your cash bonus amount will be 2.5%. The bonus amount goes up in increments up to 50% for accumulators featuring 12 selections or more.

If one of your selections in your accumulator fails to win, Betfred can give you your stake back, up to a maximum of £10.

You can get one Acca Bonus and one Acca Insurance stake back offer per day. The maximum bonus you can receive is £25,000.

Money Back As A Free Bet If Your Horse Finishes Second

An offer for horse racing bettors, Betfred have a money back promotion. Place a bet on a selected race on a specified day. If your selection finishes in second place, Betfred could give you your stake back as a Free bet, up to a maximum of £10.

There is also an extended version of this promotion, where you can see your stake returned to you as a Free bet if your selection finishes in second or third place.

You can view which races are eligible via the Promotions tab.

Extra Place Races

Another promotion aimed at horse racing bettors is Betfred’s Extra Place Races. Each day, Betfred will list a number of races that are eligible for this promotion. If you place a bet on one of these races, and your selection finishes in one of the ‘extra places’, you’ll be paid out, generally at 1/5 of the original odds.

So, if you’re betting on a race that has pays out on the first three places, this offer would extend it to four places. You can place Each Way Single or Each Way Multiple bets to qualify for this offer.

There is also a Super version of this promotion available to new and existing customers.

Best Odds Guaranteed

Betfred also offer a Best Odds Guaranteed promotion. Available from 8am the day of the race, if you place a bet on a horse to win but the odds on your selection lengthen by the start of the race, you’ll get paid out at the higher odds should your selection win.

Similarly, if you take a price on a horse, but by the start of the race these odds have shortened, you’ll still be paid out at the higher odds.

This offer is also available on greyhound racing.

We’ll talk about Betfred’s Best Odds Guaranteed a little later in this article.

Multiply Your Odds

Available on horse racing and greyhound racing, if you place a Lucky 15, Lucky 31 or Lucky 63 you can get up to 5x the odds.

How does it work? If only one of your selections wins, you can get three, four or five times the odds as cash - 3x for Lucky 15’s, 4x for Lucky 31’s and 5x for Lucky 63 bets.

If you’re entitled to the bonus, you’ll receive it once the last leg of your bet has settled.

Lucky Bonus

Another bonus for horse racing and greyhound facing is the Betfred Lucky Bonus. This is an all correct bonus. Place a Lucky 15, Lucky 31 or Lucky 63 and you could get up to 25% extra on top of your winnings. For Lucky 15’s it’s 10%, a Lucky 31 has a 20% bonus attached and for Lucky 63’s you could receive an extra 25% on top.  This offer also applies to Heinz, Yankee and Canadian bet types.

Anytime Touchdown Insurance

A promotion for fans of betting on the NFL, Betfred offer a form of accumulator insurance with their Anytime Touchdown Insurance promo. Place a bet pre-match with at least five selections on the Anytime Touchdown scorer market, and if one leg fails to win you’ll receive your stake back in Free bets up to a maximum of £20.

This Betfred promotion is available throughout the NFL 23-24 regular season.

Cash Bonus

One for the greyhounds bettors amongst you - place a tricast on any greyhound race and if all of your selections run and win, Betfred will give you a bonus in cash of up to 10% on your winnings.

This applies to any greyhounds race. So, if you place a correct straight or combination tricast bet and all of your selections win, you’ll receive 10% on top of your winnings credited to your cash wallet after your bet settles.

Betfred UK Sportsbook Review

Betfred are one of the biggest and most popular betting sites in the UK and worldwide, and it’s easy to see why. As you would’ve read above, there are a vast range of promotions and bonus opportunities available for both new and existing customers. We’ve concentrated mostly on the Sportsbook arm of the Betfred site, but there’s plenty to be excited about with their Casino, Lotto and Bingo facilities, too.

This operator excels in many different areas. From the range of sports available and  competitive odds, to the variety of markets and live betting options you have, there’s lots on offer at Betfred.

Next, we’ll take a look in detail at some of the other areas where Betfred impress.

Betfred Mobile App

The Betfred mobile app is amongst the most user-friendly that you’ll currently find. Available to download for free from the App Store and Google Play, the app is intuitive, easy to use and has a smooth interface making it easy to navigate through the site.

New customers can sign up using the mobile app, as well as claim the Betfred welcome offer we’ve detailed in this guide. There’s also the possibility of some mobile-only promotions which have previously been available.

Customers have full access to their account using the Betfred app, just as they would using the desktop site. In other words, you can make deposits and withdrawals, bet in-play and watch a variety of sports using the live streaming service Betfred provide.

Betfred Betting Markets

There aren’t many bookmakers that offer the range of markets across a wide range of sports as Betfred do. As you’d expect, the most popular sports have the highest number of markets. For example, a typical football Champions League game can have upwards of 100 separate odds based on a huge array of markets.

But it’s not just with the most popular sports where Betfred excel. You can find a good range of markets on sports and events such as Aussie Rules, hurling, boxing and motorsports. There are also a range of specials, such as politics and other novelty markets, available to bet on.

Betfred Acca Insurance

Betfred’s general Acca Insurance is now called Acca Flex. You can read more about this in the section above. You can still receive your stake back if one of your selections fails to win, but Acca Flex also adds the possibility of an extra cash bonus if all of your selections win.

Betfred also offer Acca Insurance on NFL Regular Season games. If you place a bet with at least five selections on the Anytime Touchdown scorer market, and one of your selections lets you down, you could receive your stake back up to a maximum of £20.

Betfred Best Odds Guaranteed

An offer that has proven incredibly popular in recent years is Betfred’s Best Odds Guaranteed promotion. You can read more about this offer above, but we’ll quickly give you the details here, too. Place a bet from 8am the day of the race on a horse to win. If the price on your chosen horse has lengthened at the start of the race, and your selection wins, you’ll get paid out at the higher price. If the odds are shorter at the start of the race, you’ll get paid out at the odds you took.

Betfred Betting Accumulators

There are a range of Betfred promotions aimed at fans of betting on accumulators. Read more about these in the section above. At Betfred, you can bet on a range of bet types, including accumulators and system bets.

Betfred Live In-Play Betting

Live betting is an incredibly popular form of gambling. Betfred offer a huge range of live betting odds, across a number of sports and events. Many Betfred promotions also include options for in-play betting, too.

Specific in-play betting markets can include Next Goalscorer in football, Next Try Scorer in rugby and Next Batsman To Be Out in cricket.

You can find in-play odds throughout the day on matches and events taking place all over the world.

Betfred Live Streaming

It’s hard to find a bookmaker that offers a more in-depth and functional live betting service than Betfred. Their Watch Live service covers a number of sports. Betfred’s live streaming is particularly impressive when it comes to horse racing.

You can watch live streams of selected events directly from the Betfred website or by using the mobile app.

Generally, you don’t even need to place a bet on the event you want to watch, as long as you have a funded account. There are exceptions, though. For example, you can watch racing taking place in the UK and US without needing to place a bet, but for any other race you will need to have placed a fixed odds bet of at least £1, or 50 pence Each Way, to gain access to the stream.

All Payment Methods at Betfred

One of the most important aspects to consider when you join a new bookmaker is trust. Trust encompasses all sorts of things, such as knowing your bookmaker is giving you the best possible odds. Another aspect is payment methods. Having a range of payment options available to you that don’t charge a fee, allows for quick transactions and keeps your bank details safe is vital to an enjoyable betting experience.

There are a range of payment methods available to use at Betfred. We’ll explain these now, starting with deposit methods.

Betfred Deposit Methods

Let’s talk about Betfred deposit methods. Note that each method might have different terms and conditions attached to their use, so make sure you read these before you make a deposit to your betting account.

Debit Card

Debit card transactions are one of the most common ways in which customers deposit into their betting accounts. Betfred accept Debit card payments for depositing funds, with a minimum deposit amount of £5.

For most of the promotions Betfred offer, including the Bet £10 Get £40 in Bonuses promo we’ve detailed in this guide, only deposits using a Debit card will qualify.

PayPal

PayPal is available across the globe, and many betting sites accept this online wallet as a deposit method. Betfred do to, you can make a deposit via your PayPal account with a minimum deposit amount of £5.

To use this method, select PayPal from the list of possible deposit methods and enter your online wallet information.

Skrill

Another online wallet extremely popular is Skrill. Skrill, as well as Skrill 1-Tap, are accepted Betfred deposit methods. 

To transfer funds into your betting account from your online, select Skrill from the list of available options. Enter your Skrill email address and confirm the transaction. The minimum deposit amount required is £5.

Neteller

A third online wallet option available to use at Betfred is Neteller. As you would with Skrill, select Neteller from the list of Betfred deposit methods and enter the email address you use with this account. The Betfred minimum deposit amount required is £5.

Paysafecard

If you don’t want to use/share your bank or online wallet details with the operator, you can use a paysafecard voucher to make a Betfred deposit. Vouchers can be bought online or from a high street shop. Buy the voucher for the amount you want to deposit into your betting account. Select paysafecard from the list of available deposit methods and enter the voucher number when prompted. The minimum deposit amount required for using this method is £5.

Betfred Withdrawal Methods

There are a number of methods you can use if you want to make a Betfred withdrawal. All methods are available to use, though Betfred generally require you to use the same method for withdrawal as you did for depositing. 

Debit Card

Debit card withdrawals are a very common way to transfer funds out of your betting account. Select this option from the withdrawals tab and enter the required information. This consists of your name, card number and expiry date. Enter the amount you wish to withdraw and confirm the transaction. The minimum withdrawal amount is £5.

Skrill

If you’ve used Skrill to make a deposit into your betting account, you can use this method to make a withdrawal, too. There is a minimum withdrawal amount of £10 attached to this offer. However, if you use Skrill 1-Tap, you can withdraw £5.

Neteller

If you’ve made a deposit using your Neteller account, you’ll be able to make a withdrawal using the same method. Select Neteller from the list of options available, enter the email address and confirm the withdrawal. The minimum withdrawal amount using this method is £5.

Paysafecard

As this method is a voucher, you’re unable to make a withdrawal using a paysafecard. If you’ve used this method to make a deposit, you will need to withdraw using either bank transfer, Debit card or one of the available online wallets.

Bank Transfer

Making a withdrawal using a bank transfer is also an option for Betfred customers. The terms of using this method, though, is different to other Betfred withdrawal methods. You can make one free bank transfer withdrawal per 28 days, in other words, Betfred waive the fee for this transaction. If you want to make another withdrawal within that same 28 day period, you will incur a charge of £12. If you want to make an urgent withdrawal, the fee increases to £28.

For this method, a minimum withdrawal amount of £25 is required. While other withdrawal methods have a processing time of around a couple of hours to a couple of days, you might have to wait a little longer to receive your withdrawal if you decide to use bank transfer as your Betfred withdrawal method. 

Betfred Responsible Gambling Policy

The most important aspect of any form of betting, whether that’s online or in a high street bookmakers, is that you do so safely and securely. It’s important to remember that gambling should never be seen as a way of making money, in fact it’s more likely that you’ll lose more money than you win. Only ever bet what you can afford to lose. If you feel that you need help and support in regard to your gambling habits, there are many organisations set up to help you.

All UK bookmakers are regulated by the UK Gambling Commission, which ensures that customer safety is paramount. Each bookmaker and betting site has a Safer Gambling Charter, to help protect their customers.

At Betfred, you’ll find this Charter clearly marked at the top of the page. In it, you’ll find Betfred’s responsibilities to you as a customer, along with a list of websites of organisations that can support you with gambling.

The Betfred responsible gambling policy contains many different aspects. Firstly, they have an obligation to protect minors. Betfred employ a Know Your Customer scheme, to ensure only those aged 18 and above can sign up. This is why you will be asked to verify your account, either via SMS verification or another form of proving your identity. Typically, you’ll be asked to do this as you complete the Betfred sign up form, but you’ll certainly be asked to do it before the award of any Free bets or before you can make a withdrawal.

If SMS verification doesn’t prove your identity, you’ll be asked to provide extra documentation to prove your identity. This could be providing a copy of your passport, or a utility bill. You can upload these documents directly on the Betfred website.

Another vital factor in helping customers stay in control of their betting is Time Out and Self-Exclusion. If you feel like you’re finding it difficult to stop betting, you can request a Time Out. This could last from between 24 hours and six weeks. Once you’ve requested this, you won’t be able to have access to your account until the specified time limit is up. Alternatively, you can self-exclude. This works in a similar way, but the time limit is much longer. You can choose a self-exclusion time from between six months and five years.

You can also set a deposit limit when you register an account. You can choose a Daily, Weekly or Monthly limit. This restricts how much you can transfer into your betting account in the specified time. You can change these settings at any time from the My Account section of the website. You can also access any of the safer gambling functions using the Betfred app.

Conclusion

It’s easy to see why Betfred are so well thought of by customers in the UK and beyond. From a great range of betting markets and competitive odds, to a variety of promotions and bonus opportunities, Betfred seem to have everything covered, and covered well.

The Betfred new customer bonus of Bet £10 Get £50 in Bonuses is certainly one of the more generous welcome offers on the scene right now. It’s reasonably easy to claim, too. Of course, it’s really important you read and understand all the terms and conditions associated with this offer before you attempt to sign up and claim it.

For a more detailed look at how this Betfred bonus works, head back up to the top of this guide.

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#ad / 18+. New customers only. Register with BETFRED50. Deposit £10+ via 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 & payment exclusions apply. T&Cs apply.

Frequently Asked Questions

For simplicity, we’ve answered some frequently asked questions about Betfred and their new customer bonus below.