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Betfred Promo Code May 2023: Get up to $1,111 in bonuses

Betfred is a well-established online sportsbook with a strong foothold in the U.S. market. If you're a new user where the sportsbook operates, you can take advantage of the Betfred promo code offer of "Get up to $1,111 in bonuses".

The offer is simple. Users can make their first deposit, place a bet of $50 or more, and receive $111 in Fred Bets plus $200 back per week on losses for 5 weeks.

You don't need to use a promo code to benefit from this offer, making it even easier to claim. Click here to take advantage of the Betfred offer today.


Bet $50, Get $111 in Fred Bets plus up to $200 a week

Note: The promo code information is for U.S. residents only

Affiliate Disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site.

21+. Gambling can be addictive, please play responsibly

Betfred US promo offers

Bet $50, Get $111 in Fred Bets plus up to $200 a week

New Betfred users that make their first deposit, place a bet of $50 or more, will receive $111 in Fred Bets plus $200 back per week on losses for 5 weeks. You don't need to use a promo code to benefit from this offer, making it even easier to claim.

Terms and conditions apply.


Betfred bonus code and sign-up offer details

The Betfred sportsbook welcome offer is available to new players at least 21 years of age and physically present in the legal betting state where Betfred operates. New users can qualify for this offer by making a minimum deposit of $50.

Upon settlement of the first bet, users receive $111 in Fred Bets. In addition, users also receive an additional $200 in Fred Bets per week for five weeks. It's worth noting that wagers on futures.

Below, you'll find all the essential information to ensure you make the most out of this offer:

🚨 Betfred promo codeNo code - Click to claim
😊 Betfred bonusUp to $1,111 In Fred Bets
➑️ Betfred promo typeFred Bets
πŸ’° Minimum deposit$50 USD
πŸ’΅ Minimum wager$50 USD
πŸ‡ΊπŸ‡Έ Legal states7
🏦 Wagering requirements$50 deposit
🏟️ Eligible bet typesAll bet types
πŸ“± Betfred mobile appiOS & Android
πŸ‘“ Last verifiedApril 2023
⏰ Offer expiryDec. 31, 2023 

In addition to the welcome bonus, Betfred offers daily odds boosts, loyalty bonuses, and ongoing promotions to reward active bettors. The sportsbook also occasionally runs special promotions tied to specific sports events, which it promotes through its social media channels.

Follow Betfred's social media pages to take advantage of these exclusive offers.

Betfred promotions

Betfred offers several additional promotions to its existing patrons. Below, we'll give you an introduction to some of the most popular Betfred promos among returning bettors:

Boosted parlay payout

This promotional offer allows eligible bettors to receive an extra percentage of their winnings on 4+ leg parlays, up to a maximum of $100 in bonus bets daily.

To claim this offer, you'll have to place each qualifying cash parlay wager with a minimum of 4 legs, a minimum cash stake of $5, and minimum odds of -200 for each leg.

The percentage of the bonus bet you'll receive depends on the number of legs in the parlay:

  • 8% for winning 4-leg parlays
  • 10% for winning 5-leg parlays
  •  12% for winning 6-leg parlays
  • 15% for winning 7+ leg parlays

Betfred boosts

Betfred offers daily odds boosts in favor of the bettor. These promotional odds are available on the desktop and mobile versions' left-hand menu.

Although not all matches will offer boosted odds, Betfred often selects a series of options tied to popular sporting events, which can increase your odds by +100.

To select boosted odds, you must choose the betting option from the selection and add it to your betting slip.

Betfred Rewards

Betfred Rewards is a loyalty program designed to reward players based on their level of play with Betfred Sportsbook. The program offers a range of benefits, including exclusive weekly promotional offers, ticket giveaways, player prop protection, and more.

To join Betfred Rewards, you must have a solid history of wagering with the sportsbook and have placed a minimum of $100 in bets. If you meet the criteria, a team member from Betfred will contact you about admission to the program.

The program includes various offers and bonuses, such as the Fred Bet Do Over, which refunds your bet if it pushes, and monthly and weekly offers based on your tier. The program also offers Fred Bet Frenzy Entries, where you can play to win Fred Bets, and Hot Shot Contest Entries, which provide exclusive experiences and merchandise.

How to claim the Betfred promo code

Claiming the Betfred promo code for the welcome package is straightforward, especially since you don't need a specific promo code to activate the offer. Follow these steps to claim and clear your Betfred Sportsbook welcome promo:

1. Create a new account

Visit the Betfred website by following this link and clicking the "Register" button. Provide your personal information, including your name, address, date of birth, and email address. Choose a secure password and create your account.

2. Make a qualifying deposit

Once you have created your account, navigate to the cashier and make your first deposit. The minimum deposit amount to qualify for the welcome bonus is $50.

3. Place your first bet

After making your deposit, place your first bet of $50 or more on any sporting event. 

4. Receive your Fred bets

After your first bet settles, you will receive $111 in Fred Bets, which you can use to place additional wagers on any sports market Betfred offers. The sportsbook will credit the Fred Bets in three separate $37 installments once you have settled their first $50 cash bet.

5. Receive the rest of the bonus

You can receive a refund of 50% on your combined losses per week, up to a maximum of $200 in Fred Bets per week, for five consecutive weeks, starting from the date of your first bet.

For example, if you place $350 in stakes during a week and win $600, you won't receive any Fred Bets because you won more than you lost. The refund is calculated based on the total amount lost in a given week, not the total amount bet.

How to deposit with Betfred Sportsbook

Betfred offers several convenient deposit methods for its customers, each with varying limits and transaction processing times. Here are the steps to follow when making a deposit:

1. Log in to your account

First, log in to your Betfred account and navigate to the cashier. The cashier section is available at the top of the screen on the mobile and desktop versions of the website.

2. Choose your deposit method

Select your preferred deposit method from the options: Debit Card, Bank Transfer, PayPal, VIP Preferred, and Play+. Please note that Betfred doesn't support withdrawals through cards, but you can deposit using any method.

3. Enter the deposit amount

Enter the amount you wish to deposit. Please ensure you meet the minimum deposit requirements for your chosen payment method. The minimum deposit is $10 for bank transfer and debit card, $15 for PayPal and Vip Preferred, and $25 for Play+.

4. Confirm your deposit

Finally, confirm your deposit and wait until the funds become available in your Betfred account. The maximum deposit limit may vary depending on the deposit method you choose.

How to withdraw funds from Betfred Sportsbook

To withdraw from Betfred Sportsbook, log in to your account first and click on the "My Account" section. Select the "Withdraw" option and choose your preferred withdrawal method.

Betfred offers several withdrawal options, including bank transfers and checks by mail. After selecting your preferred method, enter the amount you wish to withdraw and confirm the transaction.

It's important to note that Betfred may require you to verify your identity before processing a withdrawal, so ensure all necessary documents are ready to expedite the process.

Withdrawal methods

Betfred offers several convenient withdrawal options for its patrons. You can withdraw funds using Bank transfer, PayPal, Vip Preferred, and Play+.

Withdrawals can take 3-5 business days, depending on the method, but typically they only take around 24 hours. If you deposit via card, you must request a check, which can take up to 14 business days. However, if you deposit with a different method, you can withdraw via that method.

Betfred Sportsbook details

Betfred started life in the 1960s as a single betting shop – but look at it now! The company has transformed into an online gambling giant, offering everything from sports betting in the U.S. to slots and cutting-edge casino games in the UK.

While the sportsbook here isn’t as extensive as some of its competitors, the odds are fair, and the mobile app stands out. 

Betfred offers mobile betting via its mobile site and purpose-built apps. The sportsbook provides apps for both Apple and Android, which can be easily downloaded from the relevant app stores in seconds. There are state-specific apps, so make sure you get the right one.

Read our extensive Betfred review for a complete breakdown of every element of the Betfred betting platform.

Betfred customer support

Betfred provides excellent customer support to ensure users have a seamless betting experience. If you have any questions or concerns, you can contact their support team through several channels, including email, live chat, and phone.

Each state platform has a dedicated email address and phone number, which you can find by clicking "Need Help? Contact Us" at the top of the screen. The most efficient way to get support is through live chat, available 24/7 on the Betfred website.

  • Live chat: Available 24/7
  • Twitter: @betfredhelp
  • Arizona Email:
  • Arizona Phone: 480-485-4967
  • Colorado Email:
  • Colorado Phone: 855-769-4878
  • Iowa Email:
  • Iowa Phone: 947-333-9991
  • Ohio Email:
  • Ohio Phone: 404-620-4975

Maryland: For help visit or call 1-800-GAMBLER.

Ohio: Gambling Problem? Call Ohio Problem Gambling Helpline at 1-800-589-9966.

Where is Betfred legal?

Betfred is available in several U.S. states, including Arizona, Colorado, Iowa, Maryland, Ohio, Pennsylvania, and Virginia. The sportsbook has made significant progress in expanding its operations across the U.S., and we expect to see it launch its online operations in more states soon.

Players in Louisiana can also find the sportsbook inside The Draft Room. Those residing in Nevada will find Betfred Sportsbook at Mohegan Sun Sportsbook inside the Virgin Hotel Las Vegas. In Washington, bettors can also place their picks at Betfred Sportsbook at the Silver Reef Casino Resort.

In addition to its U.S. operations, Betfred also has a strong presence in the UK and Europe. The company has been in the sports betting business for over five decades and has built a reputation as a reliable and trustworthy operator.

ArizonaFebruary 2022
ColoradoSeptember 2020
IowaSeptember 2020
MarylandFebruary 2023
OhioJanuary 2023
PennsylvaniaDecember 2020
VirginiaFebruary 2023

Additional sportsbook promo codes

Although you don't require a Betfred promo code to obtain the online sportsbook's bonus, the same isn't always true for other popular sports betting sites. We've dug into DraftKings, FanDuel, Caesars, and more to provide you with all the information you need on each platform's sports betting product offerings and best sportsbook promos:


Accepted Currencies

  • USD

Methods of Deposit

visa logo
Min: N/A Max: N/A Fee: Free
mastercard logo
Min: N/A Max: N/A Fee: Free
paypal logo
Min: N/A Max: N/A Fee: Free
play-plus logo
Min: N/A Max: N/A Fee: Free
echeque logo
Min: N/A Max: N/A Fee: Free
paynearme logo
Min: N/A Max: N/A Fee: Free

Methods of Withdrawal

paypal logo
Fee: Free
play-plus logo
Fee: Free

Legal Sportsbook Reviews and Promo Codes

Want to get in on the action? Check out our guides covering the best sportsbook promos and welcome bonuses from the best sportsbooks and betting sites in the industry:

Betfred Sportsbook FAQ

Can I trust Betfred in the promos?

Yes, you can trust Betfred when it comes to their promotions. The sportsbook is reputable and has a long-standing history in the industry. However, it's always important to read each promotion's terms and conditions before participating to ensure you understand the requirements and learn if it's necessary to use Betfred promotion codes.

Do I need to deposit to get my Betfred promo?

In most cases, you must make a deposit to take advantage of a Betfred promo. However, some promotions, such as bonus bets or no-deposit bonuses, don't require a deposit. Make sure to read the terms and conditions of the promotion to know if a deposit is required.

What if I lose my initial bet at Betfred?

You will still receive the Fred Bets if you lose your initial bet at the sportsbook. Part of the promotion also includes a refund on your losses for the first five weeks upon registration. Read the promotion terms and conditions to understand better how it works.

If I win the bonus bet, can I withdraw the winnings from Betfred immediately?

If you win with a bonus bet, you can withdraw your winnings from Betfred immediately. However, you may need to meet specific requirements, such as a minimum odds requirement or a wagering requirement, before you can withdraw your winnings. Make sure to read the terms and conditions of the promotion to know if there are any requirements.

In what states can I legally bet at Betfred Sportsbook?

Betfred Sportsbook is available in seven states: Arizona, Colorado, Iowa, Maryland, Ohio, Pennsylvania, and Virginia. Additionally, bettors can access land-based sportsbook establishments in Louisiana, Nevada, and Washington. We expect the online sportsbook to launch in these states soon.

I'm already registered at Betfred, can I still use the promo code?

It depends on the promotion. Some promotions are only available to new customers, while others are available to new and existing customers. Make sure to read the terms and conditions of the promotion to know if it's available to you as an existing customer.

Betfred Overview

  • Global betting experience dating back to the 1960s.
  • Odds are largely fair and competitive.
  • Clean user interface.
  • Tricky welcome bonus promotion.
  • Limited live betting options.
  • Limited banking options.