Betfred Promo Code: Get up to $105 in Fred Bets in Dec. 2024

Betfred bonus code and sign-up offer details

Editor's Note: Betfred recently closed its online sportsbook in Arizona, Colorado, Maryland, Ohio, and Virginia. It remains open in Iowa and Pennsylvania.

The Betfred sportsbook welcome offer is available to new players who are 21 or older and physically present in one of the legal betting states where Betfred operates. New users can qualify for this offer by making a minimum wager of $20. 

If your initial bet doesn't win, the sportsbook will return your stake, up to $105, as a single bonus bet, known as a Fred Bet. The bonus has a seven-day lifespan. Bettors in Pennsylvania get a slightly different offer; a 100% deposit match up to $400. When it comes to the best sportsbook promos, Betfred's offer is certainly worth your consideration. 

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

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Betfred promo: How to qualify

Claiming the Betfred welcome promotion is relatively simple. However, there are still a few important terms and conditions you should know before you get started. You don't want to miss out on any bonus funds simply because you missed a step or failed to meet the requirements.

Here are the important details to claiming up to $105 in bonus bets:

• You must register a new account with Betfred Sportsbook.
• You don't need to use a Betfred promo code to activate this offer.
• Deposit at least $20, as that is the minimum bet amount required to qualify.
• Make a first bet of at least $20 on any market with odds of -200 or longer.
• The following bet types do not qualify as a first wager: futures, boosts, voided, or canceled bets. Our advice? Pick something fairly simple that will settle within a day or two.
• If your first bet loses, you'll be credited the full amount (up to $105) in bonus bets.
• If your first bet wins, you will not receive any bonus bets.
• Bonus bets, or Fred Bets, cannot be withdrawn as cash, are non-transferable, and expire in seven days.

How to claim the Betfred promo code

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

1. Register at Betfred

Visit the Betfred website and click the 'Register' button. If you're on mobile, download the Betfred app to your smartphone or tablet first. It's available on both iOS and Android devices. 

Provide your personal information, including your name, address, date of birth, and email address. Choose a secure password and create your account. You must be 21+, in licensed states only.

2. Deposit

Once you have created your account, navigate to the 'Cashier' section and make your first deposit using a variety of convenient banking methods. The normal minimum deposit is $10, but you'll need to wager at least $20 to collect the welcome offer. The maximum offer would require a first bet of $105 but always play within your limits. 

3. Place your first bet

After making your deposit, place your first bet of $20 or more on any sporting event with final odds of -200 or longer. Make sure you don't choose an ineligible bet type, like a distant futures wager or a pick with boosted odds. You can learn more about how to read odds on our tutorial page. 

4. Claim the bonus

If your first bet settles as a loss, you will receive your money back, up to $105, as a Fred Bet. You can use the bonus bet to place additional wagers on any sports market that Betfred offers. The Fred Bets cannot be withdrawn as cash and expire in seven days. If you win a bet made with your Fred Bet, the bonus stake is not included in the payout.

5. Withdraw your winnings

If you won your first bet, or you picked a winner with your Fred Bet, you can cash out right away. Just head back to the banking section, pick a preferred withdrawal method, and follow the steps. Most Betfred withdrawals take between two and seven days.

Betfred bonus comparison

Other Betfred promotions

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 frequently promotes through its social media channels. Make sure to follow BetFred on Twitter.com and other platforms for the latest details.

Betfred promo code for existing users

Betfred customers don't need to use a promo code to access promotions of any kind. Even though the $105 Fred Bet offer is only available to new accounts, there are plenty of Betfred bonuses for existing customers available. 

A quick look at Betfred's 'Promotions' section shows plenty of value for existing players. For example, there's NHL Choke Insurance which pays you back if your hockey moneyline bet loses after your team goes up by three or more goals. There's also Friday Fireworks, giving you a $2 Fred Bet for every home run hit in a specific MLB game if you bet $20 or more on it. 

If you love the beautiful game, Betfred offers a '10th Bet On Us' special for soccer matches, along with a Double Delight and Hat Trick Heaven bonus profits if your Anytime Goal Scorer bet results in a player scoring more than once. There's also a version of Choke Insurance for your soccer moneyline bets.

Betfred Casino promo

Betfred does have an online casino, but it's currently not licensed or operating anywhere in the United States. It remains popular in the U.K. and other parts of Europe, where local governing bodies regulate it.

If Betfred ever decides to bring its online casino to the U.S., we'll have all the latest details on any related bonuses right here. In the U.K., new users are eligible for 50 bonus spins on a number of different online slot games. American gamblers will have to look elsewhere, though. 

Betfred Sportsbook review

Betfred started life in the 1960s as a single betting shop. Over time, it 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 United Kingdom. As the industry shifted to online gaming and mobile betting, Betfred was ready to offer great websites and apps.

While the sportsbook here isn’t as extensive as some of its competitors, the odds are fair, and the mobile app stands out. Read our extensive Betfred review for a complete breakdown of every element of the Betfred betting platform.  

Betfred mobile app

Betfred offers mobile betting via its mobile site and purpose-built apps. The sportsbook provides apps for both Apple and Android devices, 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.

The Betfred mobile app is packed with great features, like live betting, daily odds boosts, and early cash-out options. 

Betfred key features

Betfred may not have the marketing power of DraftKings or Fanduel in the U.S., but that doesn't mean it isn't a worthy addition to the ever-expanding online sports betting industry. Here are some of the key features you'll find on the sportsbook:

🔥 Early cash out — This feature allows bettors to cash their bets before the end of the game, securing a portion of their projected payout. For example, if the Dallas Cowboys are winning after three quarters, you could cash out your Cowboys moneyline bet for about 80% of the total payout. You don't get full value, but you guarantee some profit. 

🔥 Live betting — The live-betting market continues to trend upwards, as more bettors are looking to make picks while the game is unfolding. Betfred has a terrific "In-Play" section that offers up-to-the-minute odds for a wide variety of live sporting events. See our live betting sites section for more details. 

🔥 Market coverage — Betfred has been in the sports betting business for decades and it truly shows when you examine their market coverage. They have betting lines for almost every sport and event you can think of, plus a bunch that you probably didn't even know exist. 

Betfred pros and cons

Betfred is a strong sportsbook choice, with plenty of appealing features. It also could improve in a few areas to become an even better product. Here's a quick look at Betfred's hits and misses:

Pros

✅ Customer support — Betfred has a strong customer service department, offering services via multiple avenues like Live Chat, phone, social media, and email.

✅ Legacy brand — Betfred has been in business as a sportsbook for decades and has proven itself to be a reliable and trustworthy name in the gaming space. Its online software is safe and secure.

✅ Great mobile app — The Betfred mobile app stands out as one of the best ways to make sports wagers on the go. It has an excellent layout, is easy to navigate, and makes finding your desired betting market a breeze.

Cons

❌ Missing banking options — Betfred doesn't offer the same wide variety of banking options as other major online sportsbooks. Regardless, most users will find a suitable banking method to make their transactions. We'd love to see Betfred expand their banking options in the future. 

❌Few legal states — While DraftKings and FanDuel are both legal in almost two dozen states each, Betfred lags behind when it comes to regulation. It's only available online in two states now, after shutting down in a handful of states in 2024. 

Popular Betfred bet types

Betfred provides a wide range of betting options for your first bet across various markets. Below are some of the most popular choices:

• Spreads
• Moneylines
• Over/Unders
• Props
• Parlays

NFL bettors especially prefer props and parlays. If you plan to wager mostly on football, you'll want to read our guides on the best prop betting sites and parlay betting sites.  

Betfred banking methods

Betfred offers several convenient deposit and withdrawal methods for its customers, each with varying limits and transaction processing times. Here's a quick breakdown of all the options. They do vary slightly from state to state, so check the website or mobile app for all the banking methods available in your location.

The minimum deposit is typically $10 and the minimum withdrawal varies between $5 and $25, depending on the banking method. 

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 its 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 (text Line): 24/7 via 720-640-4033
• 📧 Email: support@betfred.com
• 📞 Phone: 1-855-769-4878
• 👩‍💼 Support languages: English
• 🐤 Twitter.com: @BetfredHelp

Why choose Betfred?

Betfred is a great choice for any bettor, backed by years of experience in the industry. It has competitive odds, great features, and a seamless mobile app that makes depositing and placing bets a quick and simple process.

Its welcome bonus and superb customer support are an additional bonus, giving Betfred top marks in almost every major aspect. The only real downside is that you can only find Betfred in a limited number of states so far and that other competing sportsbooks will sometimes offer more generous welcome bonuses.

⭐Our Overall BetFred Rating: 3.8/5.0

Where is Betfred legal?

Betfred is available online in two U.S. states and also offers physical sportsbook locations in some states. The sportsbook had made significant progress in expanding its operations across the U.S., but actually shut down in multiple states in mid-2024. 

Betfred promos by state

Land-based Betfred locations

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 U.K. 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.

Recent Betfred news

Oct. 22, 2024: Betfred closes its online sports betting platform in Virginia.

Sept. 19, 2024: Betfred officially shuts down its online sportsbook in Colorado, Ohio, and Maryland. A closure in Arizona is also scheduled for November. 

Aug. 19, 2024: Betfred CEO Kresimir Spajic says a complete exit from the U.S. betting market is "on the table" if the company fails to establish a sustainable business model. 

June 21, 2024: Betfred announces it will be leaving the Maryland market, citing a struggle to gain a reasonable market share in the state. 

May 14, 2024: Betfred rebrands Sharp Gaming (which it bought in 2021) as the Betfred Technology Department, after moving all online customers into a single platform that combines the Betfred and Sharp Gaming technologies. 

Apr. 15, 2024: BetFred announces that it will pay out all futures bets that had Manchester City as the champions of the English Premier League, despite there being six games to go and City only holding a two point lead. 

Jan. 30, 2024: The owners of Betfred (Fred and Peter Done) are named among the top five highest taxpayers in the United Kingdom, according to a list complied by the Sunday Times. 

Jan. 3, 2024: Former Betfred COO Mark Stebbings is appointed to the Global Advisory Board of SCCG Management, a gambling consultancy and management advisory firm. 

Nov. 20, 2023: Betfred announces its "White Christmas" promotional campaign in the U.K., offering to split £5 million ($6.2M USD) among five customers if it snows in London, England, on Christmas Day. 

Oct. 16, 2023: Betfred announces its newest welcome offer: Up to $105 in Fred Bets if your first bet loses. 

Feb. 2023: Maryland becomes the next state where Betfred is open for business. Virginia follows the very next month.

Jan. 1, 2023: Betfred goes live in Ohio on the first day of legal sports betting in the state. 

Feb. 2022: Betfred expands its U.S. business by launching its mobile betting app in Arizona. Launches in Iowa and Pennsylvania would follow the same year. 

Sept. 2020: Betfred officially arrives stateside, becoming licensed and regulated in the state of Colorado.

2000: By the year 2000, Betfred had over 200 brick-and-mortar betting shops around the United Kingdom. That number would rise to more than 500 by 2005.

1967: Betfred is first established as a single betting shop in Salford, England.

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:

• bet365 bonus code
• BetMGM bonus code
• BetRivers bonus code
• Borgata promo code
• Caesars Sportsbook promo code
• DraftKings promo code
• ESPN Bet promo code
• Fanatics Sportsbook promo code
• Fanduel promo code
• Golden Nugget promo code