Betfred Sportsbook Promo Code & Deposit Offers

Betfred Sportsbook Promo Codes

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Betfred mobile bettingBetfred is certainly a well-known online sportsbook, and not only do they offer a great range of sports and markets, but there are also some seriously exciting promotions for you to look forward to when you sign up.

Tried and tested by our PromoGuy experts, we’re happy to report that the Betfred deposit bonus is a truly impressive free bet of up to $500 on your first wager - whether it’s a winner or loser. Read on to find out how to claim your bet, how to use it, and the pitfalls to avoid when using this bonus.

Introduction to bonus offers - up to $500 in free bet funds

New players love a good welcome bonus, and while a lot of online sportsbooks offer these, they’re not all equal. Sportsbook welcome offers usually take the form of either a match bonus or a free bet and the latter is usually only available on losing first bets.

That’s where the Betfred deposit bonus really has the edge - even winning bets qualify.

How to use the bonus - valid on winners and losers

To claim your Betfred deposit bonus, you’ll need to be a new, verified player at the sportsbook. You’ll usually be verified during the sign up stage, as you’re required to provide details including your social security number in order to sign up.

There’s no Betfred sportsbook promo code, so this offer is even easier than usual to claim. Once you make your first deposit and wager at least $10 with minimum odds/lines of -200 or more, your bonus will be credited within 72 hours of bet settlement, whether you win or lose.

The way the Betfred deposit bonus works is that if you deposit and place a first bet of $10, you’ll get a Betfred free bet of $10. If your original bet is $20, your free bet will also be $20, and so on, all the way up to the maximum of $500. If your first bet is for more, you’ll still only get the maximum of $500 in free bet funds.

It’s important to note that neither your original qualifying bet, nor your free bet funds may be used on any markets that feature enhanced odds and lines. If your first bet is made on one of these events, you’ll unfortunately forfeit the bonus.

We always recommend that before signing up and making your first deposit, you review the specific terms and conditions, which you can find on the Betfred website. In general, welcome offers remain the same for quite a while, but there is always the chance that terms could change, so you’ll want to be sure before you bet.

Top 4 expert tips to take advantage of the offer - plan how to use your bonus

Winners can still claim the Betfred deposit bonus

This is one of the few sportsbooks which credits a winning first bet with the deposit bonus. This means that the offer really is risk-free and you can go ahead and bet on anything you like as your first wager. No matter the outcome, you can rest assured that you’re getting your bonus, so you can start planning out how to use it.

Don’t forget to read the T&Cs

It’s imperative that you check the T&Cs before making your first deposit and claiming the offer. They don’t change all that often, but there are always specific things to be aware of, which could catch you out.

For example, key terms here are that your qualifying bet and your free bet funds must all be used on wagers with odds/lines of -200 or more, and that you’ll have seven days to use your free bet, otherwise it will expire. Less obvious terms like the fact that the offer can only be used once per household or IP address are also worth noting.

Check the offer for your state

Sometimes, the offers differ slightly between different states. While the standard Betfred deposit bonus is a free bet of up to $500, there will be occasions where some states are offered a bigger bonus, which means that would be a great time to sign up! Also keep in mind that players in certain states - notably Iowa - can’t take advantage of the Betfred welcome bonus.

Plan how you’re going to use your bonus

If you’re signed up at a few different sportsbooks, you’ll know that they all offer different odds/lines and some even offer different markets. That’s why it pays to plan out where you’re going to use the bonus, so that you’re placing it where Betfred offers you the best odds and lines. Don’t forget, you can’t use your bonus funds on markets that have enhanced odds/lines, so take note of this when you’re planning out your bets.

You’ll have seven days in which to use your free bet funds, so it’s best to sign up and claim the offer at a time when you know you’ll be able to use it wisely, especially if you’re planning on placing a big first bet and claiming a big bonus.

Frequently asked questions about the bonus - am I eligible?

Can winning bets claim the offer?

Most online sportsbooks only credit a free bet if your original, qualifying bet was a loser. The rationale behind this is that if it wins, you’re a winner anyway! But that’s not the case with the Betfred deposit bonus - both winning and losing first bets will be credited with the offer, which you’re then free to use on anything with minimum odds/lines of at least - 200 (excluding boosts).

Do I need a promo code?

It’s not unusual for online sportsbooks to require the use of a promo code in order to claim their sign up offer. However, the Betfred deposit bonus is very simple, so there is actually no Betfred sportsbook promo code for you to be aware of. You don’t even need to opt in to the promotion. As there are no wagering requirements, it’s applied automatically when you make your first deposit.

Are there any wagering requirements?

The majority of online sportsbooks require you to meet certain wagering requirements before you can withdraw any winnings that come from your deposit bonus. However, Betfred doesn’t require you to do this. All you’ll need to do is use your free bet funds on wagers with minimum odds/lines of -200, and then any winnings will be credited to your account as cash, and you can withdraw them immediately.

Is there anyone who isn’t eligible for the offer?

You’ll have to be a new player at Betfred to claim the offer, so existing players who’ve made their first deposit previously can’t claim. There are also certain categories of people who are not eligible to play on the site, and therefore can’t claim any bonuses, for example players or coaches in certain sports.

To claim the Betfred welcome bonus you’ll need to be over 21 years of age, physically located in the state in which your account is registered, and the offer may only be awarded once per household or IP address.

Can I claim other bonuses at the same time?

The Betfred deposit bonus is only valid as a standalone offer, so you won’t be able to use it in conjunction with any other offers available on the site. The promotions section lists a number of different offers which you might be eligible for once you sign up and log in to your account, but the best thing to do is to claim your Betfred welcome bonus first, and then go on to claim any other offers.

You also can’t use your free bet funds on any bets that have enhanced odds and lines.

Additional rewards & loyalty programs - offers for all players

At the moment, Betfred’s rewards and offers are available to all players, not just a select few. There’s no formalized or tiered VIP program for now, but this is actually a good thing, as it leaves more promotions open to everyone.

The most frequent offers you can expect are free bets, and boosts. Free bets are usually offered on a certain event or market, and these change regularly. Boosts are offered every day, which is really exciting for regular bettors. At the moment there are unfortunately no Betfred no deposit bonuses.

In most cases, all players physically located in a legal state will be eligible for the same promotions and offers.

Betfred Sports Bonus

Bonus intro

The Betfred deposit bonus varies a little depending on which state you’re in. The general bonus is a free bet based on your first wager, of up to $500, and your qualifying bet can be either a winner or a loser. However, if you’re in Arizona and you’re claiming the free bet of up to $1,000, your qualifying bet must be a loser.

To qualify, you’ll need to sign up for a verified account at Betfred, and then your free bet will be credited to your account automatically, there’s no need to opt in or use a Betfred sportsbook promo code. Read on to find out exactly how the offer works.

Reality test

When we tested the Betfred welcome bonus, we were pleased to see how simple it was to avail of. Many sportsbooks require you to opt in or use a Betfred sportsbook promo code, but this isn’t the case here, as your free bet will automatically be credited to your account. This takes up to 72 hours after bet settlement, but it can be a whole lot quicker.

You’re then free to use your free bet funds on any wager with minimum odds of at least -200. The only thing to bear in mind is that you can’t use the funds on anything with enhanced odds. It was great to see that the winnings from the free bet funds were credited in cash, so there was no need to wager, and we could withdraw them immediately.

Bonus withdrawal

Many sportbooks offer really good deposit bonuses or free bets, but in general they usually come with wagering requirements which can be quite hefty. This would entail you needing to play through the winnings a certain amount of times before you were able to withdraw any funds.

Luckily, this is not the case with the Betfred deposit bonus, as it doesn’t come with any wagering requirements, so any winnings from the free bet funds is credited as cash and you can withdraw it from your account immediately. More information on the Betfred withdrawal time can be found in this article. We also cover other more specific aspects about Betfred in detail here.

Pitfalls & what to avoid when claiming bonus

The most important thing to note when claiming your bonus is that your qualifying bet must be placed with odds of -200 at minimum. The same applies to all bets placed using your free bet funds. Also remember to ensure that you’re the first person in your home / with your IP address claiming the offer, otherwise you won’t be eligible.

Make sure that you use your bonus funds within seven days of being credited, and keep in mind that you can’t use these funds on wagers with boosted odds, so it’s definitely worth planning out where you’re going to use your bonus, before you sign up and claim it.

There are no wagering requirements or Betfred sportsbook promo codes to think about, so it’s a pretty straightforward offer.

Verdict on bonus

It’s absolutely worth claiming this exciting welcome offer, as there is really no risk. Whether your first bet is a winner or loser, you’ll still be able to claim the offer (except in Arizona), so when you sign up you’ll know it’s yours either way! The fact that there are no wagering requirements to meet is a huge plus, and isn’t something you see too often at online sportsbooks.

If you’re a bit of a high roller and plan to make a big first deposit and wager, the maximum of $500 in free bets funds is really excellent, but on a site with such competitive odds, a $10 free bet can’t go wrong either!

Overall conclusion - the Betfred deposit bonus stands out

What really stood out to us was that the Betfred deposit bonus is available not only on losing bets, but on winning bets too (unless playing in Arizona). This means that it is really risk-free - no matter the outcome of your first bet, you’ll always be able to claim.

For this reason alone, it’s absolutely worth signing up for your account and making that first deposit. It’s also a simple and straightforward offer - you won’t even need to make use of a Betfred sportsbook promo code, as it will simply be credited to you automatically.

Arizona Legal GamblingArizona - Welcome package up to $3,000

Betfred Arizona players have a totally different offer to look forward to - and it’s much bigger. The Betfred Arizona bonus is up to $3,000 across your first three wagers. The first offer is a risk-free bet up to $1,000 while the other two are match bonuses. Most of the T&Cs are the same, except your deposit and wagering amounts need to be a minimum of $20.

Colorado Legal GamblingColorado - Free bet up to $500

At Betfred Colorado, players will be able to claim the free bet of up to $500 on their first wager, whether it’s a winner or a loser. You can use these funds across the sports offering, which features some great odds/lines on huge events in sports like NBA, NHL, soccer and more.

Iowa Legal GamblingIowa - Great range of sports

While there’s no Betfred Iowa bonus at the moment, players still have a lot to look forward to. At Betfred Iowa, you can choose from hundreds of different events and markets, covering all of the biggest sports, both locally and internationally. You can keep an eye on the promotions section which will be updated if offers are added in future.

Betfred deposit bonus FAQ

❓Is there a promo code for Betfred?

There are a few different ways in which a welcome offer can be claimed - for example, you might need to use a promo code, or opt in to the promotion before you make your qualifying deposit. If you’re not sure how to go about this at Betfred, read our review at PromoGuy.com.

⏰How long does it take to get your free bet at Betfred?

If you’ve just signed up and made your first deposit at a brand new sportsbook, you might be eagerly anticipating getting your free bet, so you can continue playing. The timeline can be anything from a few hours to a few days. We cover this fully in our review of the Betfred promotions.

💵 What is the Betfred deposit bonus?

Having an excellent welcome bonus is one of the ways that online casinos and sportsbooks can ensure that new players kick off with a great experience. These bonuses can vary a lot between different operators, so read our PromoGuy review for everything you need to know about the Betfred bonus.

🤷Where do I find the latest Betfred promo codes?

Sometimes, an online sportsbook operator will require you to use a promo code when you’re claiming an offer, such as a welcome bonus. These promo codes may change sometimes, so you should keep an eye out for the latest ones. Read our PromoGuy review for all the details on Betfred promotions.

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