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Partner Promo Logo - Betfred
$105 on Fred
  1. Register with Betfred and make your initial deposit.
  2. Place a qualifying wager of at least $20 on any sports market with odds of -200 or greater.
  3. If your wager loses, you'll get your stake back, up to $105, as a non-withdrawable Fred Bet.
  4. If you do not use the bonus within seven days, it will expire.

Terms and conditions apply

Your Region united states

Last Verified βœ… Feb. 29, 2024

Offer Expiry ⏰ Dec. 31, 2024

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

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 claim up to $105 on Fred without a Betfred promo code.

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

Welcome Offer

$105 on Fred

Terms and conditions apply

  1. Register with Betfred and make your initial deposit.
  2. Place a qualifying wager of at least $20 on any sports market with odds of -200 or greater.
  3. If your wager loses, you'll get your stake back, up to $105, as a non-withdrawable Fred Bet.
  4. If you do not use the bonus within seven days, it will expire.

Offer expires at 11:59 PM EST on December 31, 2024

Betfred bonus code and sign-up offer details

The Betfred sportsbook welcome offer is available to new players who are 21 or older and physically present in one of the seven 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:

🚨 Betfred promo codeNo code required - Claim $105
😊 Betfred bonus$105 on Fred
➑️ Betfred promo typeFred Bets (first bet insurance)
πŸ’° Minimum deposit$20
πŸ’΅ Minimum wager$20
πŸ‡ΊπŸ‡Έ  Legal statesAZ, CO, IA, MD, OH, PA, VA
🏦 Wagering requirements-200 or greater
🏟️ Eligible bet typesAll bet types
πŸ“±  Betfred mobile appiOS & Android
βœ… Last verifiedFebruary 2024
⏰ Offer expiryDec. 31, 2024

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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.

Top sportsbook promo codes and bonuses

DraftKings πŸ‘‘FanDuel πŸ”΅Caesars πŸ›οΈBetMGM πŸ¦bet365 🟒
Sign-up bonus$1,000 No Sweat first betBet $5, win $150$1,000 first bet on CaesarsBet $5, get $150 in bonus betsBet $5, get $150 in bonus bets
Promo codeNo codeNo codeSBRBONUS1000SBRBONUSSBRBONUS
Bonus typeFirst bet insuranceBet & winFirst bet insuranceBet & getBet & get
Bonus comes asOne (1) bonus bet equal to bet amount$150 in bonus betsOne (1) bonus bet equal to bet amountSix (6) x $25 bonus bets$150 in bonus bets
Minimum deposit$5$10$10$10$10
Days to use7714790
SBR rating⭐ 4.7/5⭐ 4.8/5⭐ 4.7/5⭐ 4.6/5⭐ 4.6/5

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 πŸ’°Betfred Promo Terms and conditions ✍
Boosted parlay payoutThis 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.
Betfred boostsBetfred offers daily odds boosts in favor of the bettor. These promotional odds are available on the desktop and mobile versions' left-hand menu.
Betfred RewardsBetfred 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. A min. of $100 in bets is required to join. 
Betfred ticket giveawaysBetfred often raffles off tickets to various sporting events. You can use your rewards points to earn extra entries. 
Sport-Specific Promotions Betfred never fails to make sports bettors feel at home. Whether it's a same-game parlay offer or an insurance-style promo designed to save you money if your picks flop, you'll find sport-specific promos available every day of the season.
Refer-a-Friend Promotion Should you have a friend interested in joining Betfred, you can send them your exclusive referral link β€” found in the β€œRefer” section on mobile or desktop. So long as they sign up with your link, create an account, and deposit and wager $10 or more, you’ll both receive up to a $50 sportsbook referral bonus. 

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. 

πŸ“± App Store rating4.3/5.0 ⭐ (20.4K reviews)
πŸ“± Google Play rating3.6/5.0 ⭐ (7.5K reviews)
➑️ Download size230.2 MB
πŸ† Top featureGreat layout; early cash-out
πŸ’° Welcome bonus$105 on Fred

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:

πŸ”₯ Early cash out β€” 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. 

πŸ”₯ Live betting β€” 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. 

πŸ”₯ Market coverage β€” 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

βœ… Customer support β€” Betfred has a strong customer service department, offering services via multiple avenues like Live Chat, phone, social media, and email.

βœ… Legacy brand β€” 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.

βœ… Great mobile app β€” 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 β€” 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 β€” 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 seven states and as a retail-only sportsbook in three additional states. 

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. 

Method πŸ’³Deposit β¬‡οΈWithdrawal β¬†οΈ
Bank wire❌❌
Check❌❌
Credit/Debit Cardβœ…βœ…
eCheckβœ…βœ…
Play+βœ…βœ…
Online bank transferβŒβœ…
PayPalβœ…βœ…
PayNearMeβœ…βŒ
Skrillβœ…βŒ

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.

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 seven U.S. states and also offers physical sportsbook locations in three additional states. 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.

Betfred promos by state

Land-based Betfred locations

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.

Betfred retail location 🏒Welcome bonus πŸ’°Launch date πŸš€
Louisiana sports bettingN/AJuly 2022
Nevada sports bettingN/AFebruary 2023
Washington sports bettingN/ASept 2022

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

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 Β£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:

Betfred promo code FAQs

Can I trust Betfred when it comes to 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 a Betfred promo code.

What is the Betfred promo code?

Betfred doesn't require a promo or bonus code to qualify for any welcome bonus. All bettors who meet the requirements will see the bonus applied to their accounts automatically. 

Do I need to deposit to get my Betfred promo?

In most cases, you need to make a real money deposit to take advantage of Betfred promos. In this case, you need to bet at least $20 in order to get Betfred's first-bet insurance up to $105 offer.

Some other promotions, however, 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?

If you lose your first bet on Betfred, you'll be compensated the full amount (up to $105) in bonus bets, branded as Fred Bets. You won't receive any Fred Bets if your wager wins. 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 online in seven states: Arizona, Colorado, Iowa, Maryland, Ohio, Pennsylvania, and Virginia. Additionally, bettors can access land-based Betfred sportsbook locations in Louisiana, Nevada, and Washington, bringing the total number of legal state locations to 10. 

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 both 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.