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Betfred Welcome Bonus – Our Review of the Promotion

This Betfred Bonus review examines the Betfred first deposit promotion in detail to see how it stacks up. On the surface, the bet £10 get £40 in bonuses offer seems great, and you will discover it’s not your typical bookmaker welcome offer! Carry on reading for more about which payment methods qualify, what the minimum odds requirements are and other important conditions you’ll find when using the promo code “WELCOME40”.

The Betfred Bonuses - United KingdomUnited Kingdom Flag

Overview – One Click to Your Topic
All Bonuses £40+
Welcome Bonus Free bets
Validity 7 days
Other Promotions Live bonus and more
Promo Codes WELCOME40
Requirements Odds of 2.0 (1/1)+
Payment Methods Visa Maestro Paypal + 6 more
FAQ 3 questions answered
When You Stake £10 Get £40
Claim Bonus Visit Site!
Website www.betfred.com
Overall Rating 4.4 / 5
Betfred Highlights
Rated as Best Betting Bonuses
Listed Under Top Tennis Betting Sites
Full T&Cs Apply! New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required.
Luke Andrews: Editor-in-Chief at BestBettingSites.com
Written by: Luke Andrews
Updated on: 11.12.2023

If you want to know more about this bookie, then click on the dedicated reviews above. We assess its live sports betting and mobile offering, as well as a page dedicated to the T&C’s. By reading this page and the others you will truly have a diverse set of information and be ready to bet with them to the best of your ability.

Bonuses

Now it is important to see what kind of bonuses are available at Betfred. We will go into their welcome offer and see how it stands up. What’s more, we will look at the ongoing promotions that will keep you enticed and wanting to stay playing with the bookie.

The Welcome Bonus Explained: Bet £10 Get £40 in Bonuses

The Betfred welcome bonus is a fantastic offer for new players. You can essentially triple your initial investment for very little work. The qualifying wager has a fixed price of £10, and once you have registered and made a deposit and this bet at odds of evnes +, you will then receive a whopping £40 in bonuses to be used throughout the Betfred ecosystem. These will be added to your account within 48 hours and is truly a top offer.

When you claim this bonus, you get £40 in bonuses to be used across the Betfred casino, Betfred sportsbook products. This is very unusual and is something that makes the Betfred offer unique compared to other online betting sites. When you stake £10, you get your first £40 in free bets and free spins . It is absolutely fantastic, and you usually don’t get this opportunity. It means that you can utilise your bonus offer in ways other bookies don’t permit. The only catch here is you have to do it before it expires, in 7 days.

How to Get the Welcome Bonus

Claiming the Betfred welcome offer is very easy. So easy that anyone should be able to do it. If you are still a little unsure how to proceed, our team has created this wonderful guide to help you along. Following these steps, you will be on to a winner. You can’t go wrong and will be flying away with a free bet in hand.

Validity of Bonus

The bonus is valid for 7 days after your account has been created. Your first bet will only be credited if you place a bet within 60 days of registration. What’s more it is imperative that you are a resident of the UK and Nothern Ireland in order to participate, if you aren’t then you should avoid this offer. Other than that there should be no problems you should face, as long as you are over 18, of course!

Bet Refunds

Under the “Promotions” tab on Betfred homepage, users will often see a good range of different bet refund deals that can be used on a wide range of different sports. These kinds of offers will vary throughout the year depending on the sports market and the stage of the season; typical examples of bet refunds include the “Money Back 2nd” deal where you can claim refunds of up to £10 if your horse finishes in the 2nd position in selected races – similar deals for tennis, darts and golf are also pretty common.

Extra Race Places

Another additional offer you can find is the additional each-way places. These are often for selected races and Betfred will payout each-way up to fourth or even fifth place. These races are announced in the days before, and are part of a dedicated page, so it is good practice to keep an eye on them in order for

Promo Code: WELCOME40

With this welcome offer it is important to realise that you need to add a betting promo code to your registration form when you sign-up. Without doing so, you will not be eligible to play this promotion. The code is ‘WELCOME40’ and is very easy to remember. You can even copy and paste it straight from here so you won’t forget. Other methods include writing it down, taking a photo, or simple memorisation. The important thing is that you don’t forget to put it in when registering.

Wagering Requirements

This is a great welcome offer, and there are very little requirements that you need to fulfil in order to be successful. The main thing you need to take notice of is that your qualifying bet should be a sports bet of £10, and on any sports market at odds of over 1/1 (20), such as football. It has to be a single £10 bet, as two £5 bets won’t qualify, for example. Other than that there is very little you need to take note of. Naturally, reading the terms and conditions is important and you should always do this before partaking in such offers.

Decent Amount of Payment Methods

As previously mentioned, the one area where we aren’t especially pleased with Betfred is with regard to the variety of payment options. As standard, we would expect every major UK betting operator to support payments made with all the most common visa and debit cards, and at least one or two pre-paid cards and e-wallets.

Payment Methods Withdrawal Limits Deposit Limits Withdrawal Time Deposit Time Fees
Visa Unlimited £5 – £9999 Up to 3 days Instant Free
MasterCard Unlimited £5 – £9999 Up to 3 days Instant Free
Maestro Unlimited £5 – £9999 Up to 3 days Instant Free
Paypal Unlimited £5.50 – £5000 2-3 Days Instant Free
Neteller Unlimited £5.50 – £4000 2-3 Days Instant Free
Skrill Unlimited £5.50 – £6500 2-3 Days Instant Free
Bank Transfer Unlimited £85 – £3000 2-21 Days Instant Free
Apple Pay Not Available £5 – £5000 Not Available Instant Free
paysafecard Not Available £10 – Unknown Not Available Instant Free

*Limits may apply from the payment processor themselves.

Adding to this, Skrill, paysafecard, and Neteller are not recognised as valid payment options for the welcome bonus; this means that in order to claim the new player offer, punters only have a choice between Visa debit or Maestro debit or PayPal.

Conclusion: A Top Welcome Offer

Overall, it must be said the bonus offerings are one of the more stand-out features of this betting operator. As previously mentioned, the bet £10, get £40 in bonuses welcome offer for new customers is one the best, if not the best value-for-money welcome deal on the market, and the impressive selection of daily price boosts really do put the bookie in serious contention for the top spot in the bonus department. When you throw in the numerous extra winning bonuses, bet refunds, and best odds guaranteed deals on a vast range of greyhound and horse races, the only real thing missing from the Betfred bonus arsenal is an additional mobile bonus.

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Strengths and Weaknesses of the Betfred Bonus
  • Major Strengths
  • 300% first wager increase
  • Qualifying bet stake fixed at £10
  • Split bonus into multiple stakes
  • Major Weaknesses
  • None
  • Minor Strengths
  • Winnings awarded within 48 hours
  • Minor Weaknesses
  • Offer not available with Neteller, Skrill or Paysafe
Full T&Cs Apply! New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required.

The one area where the bookmaker is lacking is with the range of available payment options. As previously mentioned, the fact that the operator doesn’t support payments made using Mastercard is disappointing, to say the least, and the heavy restrictions placed on Skrill and Neteller users mean only a few payment methods are compatible with the welcome bonus offer. However, this isn’t that uncommon with betting bonuses. Aside from this, however, Betfred pretty much ticks all the boxes when it comes to top-quality bonus offers – both long term and short term.

FAQ

Throughout this page, we have outlined the details of the Betfred welcome bonus, if you require further clarification, please email at info@bestbettingsites.com.

Is Betfred licensed in the UK?

Yes, just like any site featured with us, Betfred have a UK Gambling Commission license and are one of the most well-established bookies in the UK.

How quickly will I receive my Betfred free bet?

After your qualifying free bet has settled, you will receive your first £40 in bonuses right away, then your next £20 in free bets after five days. Not a long time to wait at all!

Are there any charges for depositing funds?

Deposits made using a debit are always completely free of charge. However due to some pretty heavy restrictions placed upon depsoits made with either Skrill or Neteller, Betfred only allow their users to make one free deposit with the two aforementioned e-wallets per day. Any deposits made after this may acrue a 2.9% charge - these are applied completely at the bookmaker’s direction.