BetFred Sign Up Offer Guide

  • Bet £10 Get a £30 Free Bet
  • You can make £18 to £22
  • Newbies need ~20 minutes

PLUS! Get 30 Free Spins on selected slots!

You will have seen Betfred’s shops plastered across many high streets in the UK. They are one of the best bookies about, as they provide great reload offers, and their sign up offer is also excellent.

Once again, we highly recommend depositing a larger amount than the £10 needed to cover this qualifying bet, to look like a good “punter”.

There will be bookies in our offer list where a larger deposit is not necessary. But the bookmakers selected so far not only provide great sign up offers, but are also known amongst the matched betting community as being very good for future monthly profits.

BetFred Offer Summary

  • IMPORTANT! Register using promocode SPORTS60
  • Deposit Method: Debit Card
  • Qualifying (Trigger) Bet: £10
  • Free (Profit) Bet: £30 (7 day expiry)
  • Minimum Odds: 2.00
  • Expected Profit: £18-£22
  • Full T&Cs: click here

 

Resident in the Republic of Ireland? Unfortunately this is one of the few offers not available to you. Head to the next offer instead.

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Sign Up to BetFred

If you haven’t already, sign up to Smarkets first. Next, follow the link below to get the correct offer from BetFred. 

STEP 1: Finding your Qualifying Bet

Video_Guide_IconTo view a video guide example please Join for Free here.

i) Use the Oddsmonkey Oddsmatcher to find a bet quickly

Switch the odds at BetFred to decimal format (via the ‘Settings’ section in the ‘Useful Links’ menu).

To help you find the best Qualifying Bet, and to find it quickly, we recommend to use your Oddsmonkey Oddsmatcher tool. (If you didn’t try it out yet you can find our more about our £1 trial here).

Of course if you’re not quite ready to try Oddsmonkey yet you can get help finding Qualifying Bets via our Matched Betting Blog or use the manual approach you learnt during the previous offers (e.g. in the Coral offer). 

ii) Be sure to select a Qualifying Bet with minimum odds of 2.00

Set the Oddsmatcher to select bets on Betfred between the odds of 2.00 and 2.80.

iii) Select a Qualifying Bet and check the odds at BetFred and Smarkets

Remember on Smarkets: #BLUE BOXES.

Choose a bet from the Oddsmatcher then check the odds are as expected at BetFred and Smarkets. (If not hit ‘Refresh’ on the Oddsmatcher to update the list of available bets). 

STEP 2: Calculate the Lay Bet Amount

Video_Guide_IconTo view a video guide example please Join for Free here.

Using the Qualifying Bet Calculator

You will now need to enter:

  1. Your stake amount at the bookmaker (minimum is £10 but we recommend do a £20 bet or more if you can to appear as a good customer from the start)
  2. Your back odds at the bookmaker (must be minimum of 2.00)
  3. The blue box lay odds from Smarkets
Betfred-Qualifying-Bet-Matched-Betting-Calculator-Exampe

The calculator then works out your lay stake amount, which you will use for your against bet at Smarkets.

IMPORTANT CHECKS

> Check your Smarkets balance is greater than your calculator liability.

> Reduce the chance of partially-matched bets or un-matched bets by making sure the liquidity (amount under blue lay box) is larger than your lay stake amount.

STEP 3: Placing your bets

Video_Guide_IconTo view a video guide example please Join for Free here.

Place your bet at BetFred first and check it’s confirmed.

Place your lay bet at Smarkets using the lay stake from your calculator.

STEP 4: Profiting from your Free Bets

Video_Guide_IconTo view a video guide example please Join for Free here.

Your single £30 free bet will be credited within 48 hours of your qualifying bet settling and will be valid for 7 days.. It can be seen when you click on ‘view balance’.

i) Choose a bet to do with higher odds to make a larger profit

We need to use our Oddsmonkey Oddsmatcher now to find bets with higher odds (ideally 4.0 or more) so that we can extract a good profit.

We have created a table for you below to see what amount of liability you will need in Smarkets to obtain certain profit from the £30 free bet.

Approximate-Liability-Needed-for-30GBP-Free-Bet

If you’ve decided not to try Oddsmonkey for  £1 now then you can manually search for bets to do or check our Matched Betting Blog for potential bets to do.

ii) Open the Profit Bet Calculator

Once you’ve found a bet to do enter your £30 free bet stake, with your back odds from BetFred and lay odds from Smarkets

BetFred-Profit-Free-Bet-Matched-Betting-Calculator-Example

Remember to do your important checks (Smarkets balance > liability; Smarkets liquidity > lay stake) before placing your free bet. 

iii) Select to use your free bets in the bet slip

Remember to:

> select your free bet in your betslip at BetFred

> place the free bet at BetFred first, check it’s gone through and then do the lay bet at Smarkets

STEP 5: Don't forget your 30 free spins

30 free spins will be credited to your account within 48 hours of your Qualifying Bet settling. You have 3 days to accept the free spins. Once accepted they have a 7 day expiry.

According to BetFred’s T&Cs (at the time of writing) these free spins have no wagering requirements and any winnings will go to your withdrawable balance. This means they are risk-free and worth doing if you are happy to.

Go to the Casino section and open an eligible slot (e.g. Age of Gods; Halloween Fortune; Ice Cave; Stars Awakening). Claim the 30 free spin bonus via the pop-up message.

Play the 30 free spins only (stop when they are finished otherwise you start using your own money). 

Any winnings from these free spins will go to your cash balance and will be available to withdraw.

Congratulations-on-completing-this-offer

Congratulations you’ve done it again :) – more profits through matched betting.

That’s another quick £18+ profit – and hopefully more if you were lucky and got a decent win with your free spins (it can and does happen!)

If any of your bets won at BetFred, we highly recommend doing a few fake mug bets as you really want to look like a great customer to BetFred.

Track your profits in your spreadsheet, and let’s get cracking with the next offer…