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Betfred Bonus Code March 2024

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Updated on

Validated on

4 Mar 2024

Bet £10 Get £40 in Bonuses
United Kingdom

Valid in

United Kingdom
Go to Betfred
  • More Free Bets Than Most Offers
  • Great Selection Of Deposit Options
  • Maestro
  • Visa Debit
  • Visa
  • Visa Electron
  • Neteller
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  • Bank Transfer
  • Paysafe Card
New UK 18+ only. Register (excl. 13/04/2024) with promo code WELCOME40, Bet £10+ on Sports in one transaction within 7 days of registering. Get £30 Free Bets & £10 free spins within 10hrs of bet settlement. Bonuses expire 7 days after issue. Min odds, eligibility & payment exclusions apply. Full T&Cs apply.

More Betfred Offers

If you’re looking for more than just the Betfred sports offer, we’ve got you covered. Check the below for all the latest offers including casino and lotto.

The Betfred bonus code is WELCOME40 and is available to new customers. On this page, you’ll find out how to deposit, place a bet and claim the offer, as well as information on deposit and withdrawal options. The bonus code WELCOME40 can be used during registration, but does not change the offer amount in any way.

Betfred Bonus Code Details

All new players to Betfred can receive a welcome offer of £40 in free bets when you deposit and wager £10 within seven days of signing up. To qualify, you’ll need to place a bet on odds of evens or greater (2.0+), which must be placed in a single bet. If your first bet is void, then the second bet you place will work towards the rewards.

Terms And Conditions

  • Be located in the UK or Northern Ireland
  • Be over 18 years of age
  • Enter the Betfred Promo Code WELCOME40 during the registration process
  • Deposit and stake a minimum £10 at odds of Evens (2.00 or greater)
  • Your first stake must be on sports
  • Only your first bet will count towards qualifying. However, if that first bet is void, your second bet will be used to qualify.
  • Once your free bets are credited to your account, you have 7 days to use them.
  • Rewards will be distributed as £30 in free bets and £10 in free spins, within 10 hours of the settlement of your qualifying bet
  • Free Spins have a value of 20p per spin
betfred offer details
New UK 18+ only. Register (excl. 13/04/2024) with promo code WELCOME40, Bet £10+ on Sports in one transaction within 7 days of registering. Get £30 Free Bets & £10 free spins within 10hrs of bet settlement. Bonuses expire 7 days after issue. Min odds, eligibility & payment exclusions apply. Full T&Cs apply.

How To Sign Up On Betfred

How Does The Betfred Bonus Code Compare

The Betfred sign-up offer is a strong one, as they’re offering £40 in bonuses to their new customers, which is significantly more than other betting sites in the industry. They’re offering more in free bets than the bet365 bonus code, Betfair sign-up offer and the Coral promo code.

It’s a relatively straightforward qualifying criteria to follow as well. You only have to place a bet on a selection with minimum odds of 1/1 (2.0), and once that qualifying bet has been settled, regardless of the outcome, the new customer will be credited with the bonus on offer from this operator.

There aren’t any wagering requirements entailed within the Betfred sign-up offer either, which is great to see, as many of their competitors’ offers say that they have to wager the bonus funds a certain amount of times before a withdrawal can take place. This isn’t the case with Betfred though, as once the free bets and free spins have been used, you can make a withdrawal to your chosen payment method if you wish to do so.

Bet £10 Get £40 in Bonuses
  • More Free Bets Than Most Offers
  • Great Selection Of Deposit Options
New UK 18+ only. Register (excl. 13/04/2024) with promo code WELCOME40, Bet £10+ on Sports in one transaction within 7 days of registering. Get £30 Free Bets & £10 free spins within 10hrs of bet settlement. Bonuses expire 7 days after issue. Min odds, eligibility & payment exclusions apply. Full T&Cs apply.
Bet £10 & Get £30 in Free Bets for new customers at bet365.
  • Winner of best welcome offer at the 2023 Bookmaker Awards
  • Award winning mobile app
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.
Get A £20 Free Bet
  • Great Selection Of Existing Customer Offers
  • Wide Range Of Streaming Options
18+ New UK+IRE Customers. Certain deposit methods & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 to get 1x £20 free bet. Free bet available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned. for Horse Racing valid for 7 days. Restrictions + T&Cs apply
GET £20 IN FREE BETS When you place a £5 bet on Sportsbook
  • Excellent Selection Of Sports & Markets
  • Plenty Of Promotions For New & Existing Customers
New Customer offer. Place a min £5 bet on the Sportsbook on odds of min 1/2 (1.5), get £20 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly

Betfred Existing Customer Offers

As you can see, there are plenty of great offers for new customers, but what is there for existing customers at Betfred? Well, fear not, they have much to offer existing customers. We’ve listed you with some of their most popular promotional offers.

Acca Insurance 

This promotion isn’t available with all bookmakers, so it’s good to see Betfred offering it on their site. Accumulator bets are hugely popular amongst punters with many different bookmakers, and there isn’t anything more frustrating than seeing your accumulator bet lose by one selection which could potentially deny you a sizeable amount in winnings.

However, there is a small consolation with Betfred if that happens. You can get your stake refunded up to £10 if one team lets you down on a 5+ Football Acca, but it’s important to remember that each selection in that original accumulator bet has to have minimum odds of ⅓ (1.33).

Free Bet if 2nd

You can get your stake back as a free bet (up to £10) if your horse comes in second in selected races every day.

To qualify for this promotional offer for existing customers, you have to wager minimum funds of 50p on a selected race where there are a minimum of five runners in the race.

Greyhounds – 10% Winning Tricast Bonus

Greyhounds might not be the most popular sport for punters to wager their funds on, but Betfred have a great offer for existing customers to get them involved in the sport, which has meetings from across the UK taking place frequently.

Betfred are offering existing customers a 10% boost on their winnings if they place a tricast bet, and all three selections go on to win.

VIP Members Club

Betfred makes sure they take care of their very best customers and have created a VIP members club aimed at making the most loyal customers feel special. Betfred VIPs will be given a dedicated Betfred account manager who makes sure his clients are treated to a huge range of exclusive offers, Betfred Promotion Codes, and other perks to ensure they are receiving an elite betting experience.

Perhaps the best perk is that these customers are invited to exclusive events that are hosted by Betfred. These range from days out at the Football, to invites to Race meetings. If it’s an event they sponsor, then you might have an invite with your name on it!

Additionally, customers get their withdrawals processed quicker than before. There is also a list of bonus codes that members of Betfred’s VIP Members Club can benefit from.

If Betfred customers wish to join the VIP Members Club, then there aren’t any specifics that will get them into that club. But they should look at withdrawing less often, deposit regularly (but only within your own personal limits), bet in high quantity with relatively high stakes, avoid low odds, bet in-play, vary your gamble styles in order to have the best chance of getting into the Betfred VIP Members Club.

Nifty Fifty Live Draws

Betfred Lotto now features an online game called Nifty Fifty Live Draws. It is a numbers game that is based on placing bets at fixed odds. The Betfred website streams the draws live so players can see how their numbers do in the draws. You can choose your own numbers or use the ‘Lucky Dip’ option which makes random selections. There is also a game that involves betting on Odd or Even numbers and several other similar games. The Betfred Nifty Fifty results are published on the site.

The draw involves selecting 1 to 5 numbers or groups of numbers from 50 in total. Winning entries in the Betfred results are for all the numbers appearing in the draw or one of a group coming out. It is possible to bet on one, two or three draws and enter draws four weeks in advance. There is a 6-ball and 7-ball option and the only difference is the bonus ball. You are more likely to win a draw including the bonus ball but the payout is less rewarding because the odds are lower. The Betfred Nifty Fifty Lotto results show the winning numbers.

There is a fixed-odds element to the Nifty Fifty Love Draws in the form of the bet selection. You can place singles, doubles, trebles accumulators and combination bets. The payout odds depend on the number of selections, which can be 1 to 5. The live draws take place at 11.30 am, 2.30 pm and 6,30pm, seven days a week.

Every draw is streamed live on the Betfred website. The Nifty Fifty Lotto results today are updated after each draw. The Nifty Fifty Live Draws lotto game complement Betfred scratch cards, the welcome bonus and ongoing promotions for existing customers.

Betfred’s Performance At The UK Bookmaker Awards 2023

Not only do we have the expert opinions from our team at BonusCodeBets, but we’re also lucky enough to have access to the data obtained for the 2023 UK Bookmaker Awards. The data is collected through large-scale surveys with UK bettors, as they look to find the best bookmakers in a number of different categories which feature at the yearly award ceremony.

Betfred have some positives that their customers can look forward to, but there is plenty of areas for improvement if they’re to stay in touch with other well-established betting sites in the betting industry. They came 22nd for market selection, which is a real area for concern, as that shows that they don’t cover a considerable amount of depth within their basic football markets, which was the chosen sport for the survey in this instance.

The competitiveness of their football odds is something they can improve on as well, as Betfred only came 15th for that, which was behind the likes of Virgin Bet, 32Red, Grosvenor, and SBK, who are all newer betting sites compared to Betfred.

Below, you’ll find a full breakdown of Betfred’s performance at the 2023 UK Bookmaker Awards, and as you can see, there is work to do if they’re to compete with the likes of bet365, William Hill, Unibet, and Sky Bet at the top of the majority of categories.

CategoryBetfred Rank
Football Odds15th
Horse Racing Odds13th
Betting Experience14th
Customer Service8th
Welcome Bonus13th
Market Selection22nd

Deposit Methods

As stated in the Betfred help section, no charges will occur when depositing or withdrawing funds.

MethodProcessing TimeMinMax
Master CardInstant£5N/A
Bank TransferInstant£5N/A

Withdrawal Methods

There is no real minimum withdrawal amount on Betfred. But, if you want to withdraw less than £5 you’ll need to contact customer support.

MethodProcessing TimeMinMax
Visa3 -5 Working Days£5£9,999
Master Card3 – 5 Working Days£5£9,999
PayPalUp To 48 Hours£5£5,000
Visa Fast FundsUp To 3 Hours£5£9,999
NetellerUp To 48 Hours£5£4,000
SkrillUp To 48 Hours£5N/A
Bank Transfer2 -4 Working Days£5N/A

Safer Gambling Tools On Betfred

Betfred prioritizes the promotion of safer gambling by offering a diverse range of options and tools. Their website incorporates third-party apps that provide valuable assistance to individuals facing challenges. Let’s delve into some of the notable features:

  1. Deposit Limits: At Betfred, users have the flexibility to set deposit limits, empowering them to exercise control and effectively manage their gambling expenses.
  2. Time Out Tool: Betfred provides a convenient time out tool that allows users to take a break from gambling for a specified period. This tool fosters responsible gambling habits by encouraging users to take necessary breaks when required.
  3. Reality Checks: Betfred includes reality checks as part of their system to help users stay mindful of their gambling activity. These periodic reminders prompt users to reflect on their gameplay, enabling them to make informed decisions.

Additionally, Betfred recommends utilizing third-party solutions like Gamblock and Netnanny. These powerful applications extend their functionality beyond betting sites, enabling users to restrict access to various online content. This holistic approach provides an additional layer of support for individuals seeking greater control over their internet usage.

Betfred demonstrates a strong commitment to safer gambling through their wide range of options and the inclusion of third-party apps. By offering these resources, they aim to assist individuals in maintaining a responsible and healthy approach to gambling, promoting a safer and more enjoyable experience for their users.

Betfred Bonus Code Review

Every member of the Bonus Code Bets team has signed up for Betfred, attracted by its compelling bonus offer. However, it’s worth noting that the offer can be somewhat misleading. Contrary to what one might assume, it’s not £40 in free bets; it’s £30, with an additional £10 designated for casino use. While the £30 in free bets is competitive, surpassing offerings from rivals like Ladbrokes and Coral, the casino bonus may go unused by team members who don’t engage with casino sites.

The terms and conditions are also okay, but that’s about it. With an expiry of seven days, it’s standard when compared to other betting offers, but sites like bet365 and Sky Bet offer long periods of time.

The minimum odds are similar. They are good, but much the same as the expiry, other sites often give new customers lower, though it’s not by much.

  • More Free Bets Than Most Offers
  • More Deposit Options Than Most Competitors
  • Expiry Of Free Bets Is Shorter Than Others
  • £10 Of The Bonuses Is Casino

Our Personal Experience With Betfred

Betfred is a site I’ve used for a while and it’s always done the basics well. But I’m starting to drift away to using other sites more consistently.

Why? It’s mainly due to the entertainment on offer since becoming an existing customer. For example, with Sky Bet I can play Super 6. On Paddy Power they have Beat The Drop. But on Betfred, there’s not enough to keep me going back. Their lack of existing customer offers is a real issue.

But that’s not all. Their site layout is an issue too. The main example of this is finding open bets. I like to place bets at the start of a season for outrights etc. But, sometimes I forget what I placed or the odds and finding these can be a hassle.

betfred open bets

As you can see from the image above, Betfred says I don’t have any open bets, but I do. To find them I have to check my bet history and search dates and it gets to be a bit of a hassle. Other sites make this quicker and easier. And because of that, keeps me coming back more.

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About the Author – Matt Challis

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Betfred FAQ

Yes, there is. You can use the Betfred promo code to unlock the Betfred new account offer and more.

At the moment there is no special Betfred promo code that activates a mobile bonus. If in the future such a bonus becomes available, we will update this review. You should bookmark this page and revisit it sometime in the future. In the meantime, players can claim the regular welcome bonus even though they are using a mobile device.

Currently, there is no Betfred promo code no deposit option. To redeem the bonus at this time you must stake £10.

There are several current promotions for existing customers of Betfred Bingo. Some require promo codes and some don’t, some simply require deposits within a certain timeframe, Betfred coupons or other promotional requirements. Be sure to sign up to Betfred Bingo to see what is available for you.

The nature of the welcome bonus which is activated with the Betfred promo code is such that players will most likely use it before they move on to other Betfred existing customer offers on this platform. However, if you want to combine multiple offers, you can read the T&C for each of them on the Betfred’s site and see if there are any conflicts with other promotions. This includes games promo code offers.

The first thing you should do if there is an issue with the Betfred promo code is to check the welcome bonus T&C and see if you’ve met all the requirements. After that, you can check the Betfred FAQ page and see if anyone else has experienced a similar problem. Lastly, if that doesn’t help, you can contact the Betfred customer support team.