BetFred Sign Up Offer Guide

  • You get a £30 Free Bet
  • Make a profit of £14 to £23
  • Newbies need ~15 minutes

PLUS! Get 30 Free Spins on selected slots!

Resident in the Republic of Ireland? Sadly this is one of the few offers not available to you. Go to welcome offers list here.

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 and betting a larger amount than the £10 needed to cover this qualifying bet, so that you look like a good customer from the start.

There will be bookies in our offer list where a larger deposit is not necessary, but for the vast majority it is very worthwhile doing if you want to make money long-term from matched betting.

Register to BetFred. Follow our button below to be taken to BetFred safely via a popular sports website. Once there click join and during registration use the promo code SPORTS60 to be eligible to receive the £30 free bet.

BetFred Offer Key Terms

  • If you forgot to put the SPORTS60 promo code in during registration message Betfred customer services to apply the code before depositing or placing any bets.
  • Depositing: Use a Debit Card. Minimum £10. Recommended £20 or more.
  • Qualifying (Trigger) Bet Amount: £10 min. but we recommend £20.
  • Qualifying Bet Minimum Odds: 2.0
  • Free (Profit) Bet: £30 (7 day expiry)
  • Expected Profit: £14-£23
  • Full T&Cs: click here

STEP 1: Finding your Qualifying Bet

i) Switch to Decimal Odds Format

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

ii) Choose a popular league or cup

Examples include the Premier League, La Liga, Champions League, Euro 2020 etc.

To make life simpler for you we often provide lists of good Qualifying Bets to do in our Potential Bet Selections blog

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

For this first qualifying bet, we recommend selecting a team to bet on at BetFred with odds between 2.0 and 3.0. This is to keep your liability (balance needed in Betfair) low.

For clarity, if you select a team with odds of 1.80 (which is below the minimum odds), and place this bet, BetFred will not then grant you your free bets. 

iv) Check the Betfair Exchange lay odds and choose the team which have the closest lay odds to the odds at BetFred

(If you don’t have Betfair Exchange yet you can sign up here to get a £20 risk-free bet)

Ideally you need a maximum 10% (or around 0.2) increment between the back odds at BetFred and the lay odds at Betfair.

For example, if the team you select at BetFred have odds of 2.3, your Betfair lay odds should not be higher than 2.5. This is  to minimise your qualifying loss.

STEP 2: Calculate the Lay Bet Amount

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 pink box lay odds from Betfair
Betfred-Qualifying-Bet-Matched-Betting-Calculator-Example1

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

IMPORTANT CHECKS

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

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

STEP 3: Placing your bets

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

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

STEP 4: Profiting from your Free Bets

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 team with higher odds to make a larger profit

We need to find a bet with higher odds in order to extract a larger profit from the free £30 bet.

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

BOOKMAKER
ODDS
LIABILITY
(Balance needed in Betfair)
YOUR PROFIT PER
£15 FREE BET
2.0£17.00£14.00
3.0£45.00£18.00
4.0£75.00£20.00
5.0£100.00£21.00
6.0£135.00£22.00

To help you out, we also talk about the best matches to place your free bets on in our weekly Potential Bet Selections Blog.

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 Betfair

BetFred-Profit-Free-Bet-Matched-Betting-Calculator-Example1

IMPORTANT CHECKS

Before placing your free bet, remember to do your two important checks: 

Betfair balance is greater than the liability in the calculator

Liquidity at Betfair (numbers in £ under odds in pink box) is greater than your stake amount

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 Betfair

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…

Worried About Starting on Your Own?

Watched the videos and read the guides but still unsure what to do or worried you might make a mistake? Don’t worry we’re here to help! 

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Got Questions?

There are 4 ways to ask for help 

Join the Facebook Group and ask fellow matched bettors any questions you may have

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Find Bets Quicker

Visit our Potential Bet Selections blog to find Qualifying and Free Bets available this week.