Betfred 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 $111 on your first wager + up to $1,000 in cashback. Read on to find out how to claim your bet, how to use it, and the pitfalls to avoid when using this bonus.
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.
To claim your Betfred bonus mentioned in this review, you’ll need to be a new, verified player at the sportsbook in Colorado, Iowa, or Arizona. 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 $50 on qualifying sports, your Betfred free bet bonus of $111 will be credited within 72 hours of bet settlement, whether you win or lose. You'll also activate a cashback promo whereby you can receive back 50% of your total losses each week up to $200. This promo is live for 5 weeks, giving you the chance to recoup up to $1,000 in credits.
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.
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 $111 bonus, so you can start planning out how to use it.
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.
Sometimes, the offers differ slightly between different states. Also keep in mind that players in certain states may not be able to take advantage of the Betfred welcome 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.
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. And on top of that, you will earn half of your losses back each week (for 5 weeks), up to $200.
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 on the promotion. As there are no wagering requirements, it’s applied automatically when you make your first deposit.
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 the minimum odds stipulated, and then any winnings will be credited to your account as cash, and you can withdraw them immediately.
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.
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.
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.
The Betfred deposit bonus varies a little depending on which state you’re in. The general bonus is a free bet of $111 based on your first wage of $50. Your qualifying bet can be either a winner or a loser. PLUS, bettors will be able to claim back half of their losses per week up to $200 (over 5 weeks and up to $1,000). This offer is available to bettors in Arizona, Iowa, and Colorado.
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.
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.
Many sportbooks offer really good deposit bonuses or free bets, but in general, they usually come with wagering requirements that 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.
Be sure to make clear what the minimum odds for your initial bet should be. this may differ from state to state.
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.
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, 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.
Just remember to check the promotions page on the BetFred sit in your state/region as they do differ considerably. For instance, the offer mentioned in this review is not available in Pennsylvania or Louisiana right now.
What really stood out to us was that the Betfred deposit bonus in CO, AZ, and IA is available not only on losing bets, but on winning bets too. 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.
Betfred Arizona players are privy to the offer that we have covered in this review. For so long, they offered a risk-free bonus option. However, you can now claim a $111 free bet and up to $1,000 in cashback for a wager of $50.
At Betfred Colorado, players can also claim the Bet $50, Get $1,111 offer split over free bets and cashbacks. 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.
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. Iowa has been included among the regions offering the Bet $50, Get $1,111 deal mentioned in this review.
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.
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.
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.
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.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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