All the Bonuses, Promotions and Payments at Betfair Reviewed

For many, Betfair is home to the world’s biggest betting exchange. But its sportsbook has also built quite a cult following, with many attracted by a particularly appealing welcome bonus. All new customers to the sportsbook can get £100 worth of free bets. Take a look at the table above for a rundown of the offer and don’t skip the bonus code as this must be entered when registering with the bookmaker. Follow the link below to get your hands on the Betfair sign up offer or read on to find out more. Alternatively, read our reviews about in-play betting at Betfair and about its mobile app.

The Betfair Welcome Bonus in Detail
  • Bet £250 Get £1005 x £20 Free Bets
  • Validity Period30 Days
  • Bonus ActivationFirst Bet 5 x £10
  • Wagering RequirementsSingle Use Free Bets, Min. Odds 1/5
Welcome Bonus£100Bonus Code: ZBBC01

The £20 can be claimed five times, leading to a total of £100. On top of this there’s an excellent range of payment methods to cater for anyone, whatever their preferred payment method. There’s also a small range of Betfair promotions to get stuck into.

The Betfair Bonuses in Detail 8

The Welcome Bonus

The Betfair sign up bonus for the sportsbook is essentially a free bet offer to the value of £100. However, rather than being used in full as a single bet, like the free bet welcome bonus at William Hill, the Betfair free bet bonus is split into five individual £20 bets. Since it’s a free bet type, there’s not much in the way of wagering or rollover requirements to worry about, but there are a few things to pay attention to in order to access the offer.

How to Claim the Sign Up Bonus

The first step of course is to open an account at the betting site. Make sure to enter the Betfair bonus code above in the box when filling in the registration form however, or you’ll be ineligible for the welcome offer. Once you’re registered with the site, it’s time to activate the free bets. This is done by making a first bets of five times £10 rather than just depositing here. Of course, you need to deposit funds first. When choosing a deposit method, bear in mind that Skrill and Neteller deposits are excluded from the welcome offer here. So, deposit enough funds with a valid method to cover this first bet, then pick five selections with odds of at least 1/2 and place at least £10 on each of them. This can be done on any sports market bet, so feel free to choose a more unusual bet type if you like. Once this has been done, your account will be credited with the free bets within 24 hours.

£20 Betfair Exchange Bonus

A huge attraction of Betfair to many sports betting fans is its betting exchange platform. The exchange allows the punter essentially to play the role of the bookmaker, laying bets and setting the odds for other punters to match. The bookmaker have also attached a pretty decent welcome bonus to their exchange platform. New sign-ups to the exchange can get a free bet of up to £20 on the sportsbook in certain circumstances after signing up to the exchange.

  • Minimum Bet £5
  • Alternative Welcome Offer
Exchange Bonus£20
Bonus Code: VAL222Get the Bonus!

Unfortunately, you’ll have to choose between the two sign up offers when registering here, as they can’t be used in conjunction. To access the exchange offer, sign up with the bonus code above when registering, rather than the code used for the sportsbook welcome offer. Once you’ve opted in by signing up with the code then it’s time to activate the Betfair bonus. The exchange bonus is essentially a £20 insurance offer that will refund a losing first bet. To be eligible, place a first bet of at least £20 that will settle within seven days on the exchange, within the first week of registering. If this bet loses, then you’ll be awarded a free bet, up to a maximum value of £20. That’s all there is to it. The sign up offer to the sportsbook is the superior offer to be honest, but for those of you who are signing up primarily to use the exchange, then this is a nice little insurance offer.

Are There any Wagering Requirements?

While free bet type bonuses don’t allow perhaps as much play through value as those that put funds into your account, what they do have going for them is that they are almost free of minimum odds thresholds, wagering and rollover requirements. The Betfair welcome bonus is no exception to this. Once you’ve activated the bonus then you’re mostly free to use the free bets how you like, but there are a few things to pay attention to when triggering the bonus.

The Betfair bonus is triggered by the first five bets, which must be made on a selection with odds of at least 1/5 and must each be to the value of at least £10. Once this is done, your free bets will be credited to your account within 24 hours. Since they are free bets, there’s nothing in the way of wagering or rollover requirements to worry about. The free bets are stake not returned, so you’ll only see the profit from any winnings made using the free bets. I mentioned that the offer was mostly free from any requirements, but there are just a few. The free bets must be used on selections with odds of at least 1/5. Other than that, you’re free to use them on whatever sports market or bet you like, as long as they are used on the sportsbook, and not on the exchange platform.

Limited Betfair Promotions

The company’s mantra is that it doesn’t really need to offer a huge range of promotions, since it can offer punters the best possible odds on its betting exchange. The bookmaker claims that the odds that can be found there are on average around 20% better than at any other traditional bookmaker. This may be true, but for those who exclusively use the sportsbook and would like some regular promotions, it doesn’t really help. As a result of this, there’s only ever one or two promotions running at a time.

Double Winnings on Correct Score Bets

Through this offer, the bookie offers double winnings for correct score bets that are drawing at the half time interval. The maximum stake is £10 and exchange bets are excluded. The offer is not for all football matches however, rather it will be for a selected number of fixtures of the bookie’s choosing each weekend.

Excellent Range of Deposit Methods8

Getting your hands on the bonus here really couldn’t be easier, thanks to the great payment method coverage. Especially strong are the options for different credit and debit cards. Next to the standard Visa, MasterCard, Visa Debit and Maestro, there is also Delta and Solo card options. Deposit limits are extremely high with these methods, while the minimum deposit is fairly standard at £10, although it is lower elsewhere. Other deposit methods include good e-Wallet coverage, with PayPal, Neteller and Skrill supported. There are a couple of things to note here, largely that Skrill deposits may take a little longer than the immediate deposit time most other operators promise. Click and Buy is the only prepaid card option, which supports depositsbut not withdrawals. On the other hand, there are plenty of transfer methods supported. In addition to the fairly standard Bank Transfer and Cheque, there is also Bank Transfer Express and Western Union. Bear in mind that fees will apply when using Western Union, so if you’re looking for a free deposit method, I would consider looking elsewhere.

Payment Method Deposit/Withdrawal Processing Time Limits Min/Max Fees
£10 – £99,000
2-5 Business Days Dependant on Bank
£10 – £99,000
2-5 Business Days Dependant on Bank
£10 – £99,000
2-5 Business Days Dependant on Bank
£10 – £99,000
2-5 Business Days Dependant on Bank
£10 – £99,000
2-5 Business Days Dependant on Bank
£10 – £99,000
2-5 Business Days Dependant on Bank
£12 – £37,500
Within 24 Hours £1 – £50,000
Within 24 Hours £10 – £5,000
Within 24 Hours £1 – £10,000
£5 – £5,500
Within 24 Hours £1 – £5000
Within 1 Hour £10 – No Max
Within 24 Hours £10 – No Max
Within 24 Hours £10 – No Max £6.00
3 Business Days £10 – No Max
3-5 Business Days £5 – No Max
Within 16 Hours £10 – No Max Vary
7-10 Business Days £10 – No Max
Sent Next Business Day £10 – No Max

Withdrawals are equally well catered for, though Betfair is a little different to the majority of operators in this area. Firstly, the betting site doesn’t set the limits on the withdrawal amounts for card withdrawals . Rather, these are set by each punter’s bank. It’s the same for the bank transfer methods available. Though be aware that Bank Transfer Express requires a fee of £6 for withdrawals. E-Wallet withdrawals are the star of the show here however. The limits are super low, with PayPal and Neteller minimums £1, while Skrill is just 1p. With the quick processing times of these methods, Betfair is a great place to play with an e-Wallet.

Conclusion – A Great Welcome Bonus

As is expected from an operator of Betfair’s caliber, the welcome offers here are well designed and hard to say anything bad against. The one disadvantage free bet welcome bonuses often have is that they are often over before they really begin, since they are often single use free bets. The Betfair bonus works really well, as it allows for much fun and profit to be gleaned from the offer. This is a really generous offer that has favourable terms to boot. The addition of an alternative bonus for the exchange is icing on the cake. If free bet bonuses are your thing, then check out the fantastic free bet and casino spins bundle at Betfred, claim your £30 free bet bundle at Betfred.

Pros & Cons of the Betfair Welcome Bonus
  • Major Strengths
  • up to £100 in free bets bet
  • Minor Strengths
  • minimal restrictions
  • Major Weaknesses
  • none
  • Minor Weaknesses
  • individual free bets
  • min. odds apply

Unfortunately, the same can’t be said for the range of Betfair promotions. There’s only ever a small handful of promotions available at any one time, which is a shame, as almost every other aspect of the platform is very strong. The advantages and excitement the exchange platform can bring doesn’t make up for this to punters who only want to use the sportsbook. But the welcome bonus alone is more than enough reason to play here.

FAQ

If you have any further questions regarding the Betfair welcome bonus, please feel free to email at info@bestbettingsites.uk.

How does the Betfair Exchange differ from the sportsbook?

The exchange gives punters the opportunity to either lay or back bets. When laying bets, you can essentially take on the role of a bookmaker, by offering a bet with odds of your choosing. This bet is then live once it has been matched by another punter. When backing a bet, you choose to accept the odds on a selection that another Betfair user has already laid. You can also read a handy run down with pictures on how to place a bet and use the exchange on the Betfair website.