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Betfred Deposit Bonus Code 2018 – All Terms Explained
Since 1967, Betfred has been aiming to provide a “fun and friendly betting and gaming experience.” It was founded by the Done brothers, Peter and Fred, with their first betting shop in Salford. Over the following three decades, they expanded their retail operations to 100 locations.
The Betfred brand has also been known for being home to some firsts. One example is the Lucky 15 Bet, which has been on offer since 1984 after Fred Done invented it. However, Betfred was a little late to the mobile web game; their website was not launched until 2004. In 2006, they added the Betfred mobile app to their offering. In July 2011, Betfred became the official home of the Tote, which gives it another distinctive offering to include in its sportsbook along with its classic Double Delight & Hat-Trick Heaven promotions to stand alongside the Lucky 15 Bet.
Betfred has proved to be a valuable partner in many sports markets. For example, it renewed its Betting Partnership Agreement with Wembley National Stadium in 2010. It also was the Cheltenham Gold Cup sponsor from 2012-2015. Finally, it is the sponsor of the Betfred World Snooker Championship until 2019.
Is Betfred safe? It most certainly is due to its coverage by Trustwave validation. It secures your personal and financial details throughout the entire playing experience. Below you’ll find the Betfred deposit bonus terms explained in detail. If you want more information on their bookie style, read our Betfred Review.
Betfred sign up bonus: Betfred bonus explained
First, you sign up for your Betfred account either online or on your mobile. Once that is done, you have to deposit money to make your first bet and take advantage of the welcome offer (but a deposit on Paysafe, Neteller, Skrill, PayPal or Ukash is not valid for this bonus). Use Betfred bonus code SPORTS60 or MSPORTS60 when you deposit. To unlock a £30 free bet and a £30 casino bonus, you will now need to make a first wager of at least £10 at odds of evens (2.00) or more, within 60 days of opening your Betfred account. Only bets in the sportsbook are qualifying. And voila, you’ll get a £30 free bet for use in the sportsbook – (among the best free bets offers available at the moment). On top of this, you will also receive a £30 casino bonus.
Betfred Deposit Bonus Overview
- The first bet of £10 or more must be placed within 60 days
- It is available on any sport in the sportsbook
- Not all payment methods are eligible
- Odds on your first bet must be of evens (2.0) or greater.
- The free bet coupons are not withdrawable
- The free bet is valid for 7 days from the day of issue.
- The free bet offer will show up in your Betfred account within 48 hours of your first bet being settled. Casino bonus is applied 24 hours after qualifying bet settled.
- If you have closed a Betfred account before you’re not eligible for the free bet.
Betfred Deposit Bonus Terms Explained
Here’s how to redeem the Betfred sign up bonus:
- Register at Betfred and make a qualifying deposit
- Wager at least £10 at odds of 2.00 or higher
- Free bet stake valued £30 is credited to your account, along with a £30 casino bonus
- Free bet must be used within 7 days
- Winnings from casino bonus can be withdrawn after wagering requirements are fulfilled
The terms of the Betfred deposit bonus are fairly straightforward and not too complicated. Remember to use Betfred bonus code SPORTS60 or MSPORTS60 when you make your deposit. Once you open your new account and make your deposit using any payment method except Neteller, Skrill, Ukash, Paypal or Paysafe, you’ll have 60 days to go ahead and make that first bet.
Betfred are pretty generous in terms of the markets you can use and the required amount you need to stake to qualify. You can qualify for the Betfred sign up bonus on any sportsbook market for a minimum of £10. However, the odds you need to use are higher than many of the other bookies out there: Betfred’s odds requirement is 2.0 (evens) or higher, while some bookies only need an odds minimum of 1.4 or 1.5. Then, you sit back and relax until your bet is settled. Within the next 48 hours from the bet being settled you’ll see your £30 in your bet slip to use over the next 7 days. The £30 casino bonus is an added benefit with its own requirements. You need to wager 50x the casino bonus amount (equal to £1500) before any winnings can be withdrawn.
That’s another important detail of the Betfred bonus. You don’t have that much time to use the free bets; so be careful to use it. If you don’t, the money is essentially lost because it won’t be returned to you and it won’t be withdrawable. The free bet also can’t be cashed out, so you’ll have to wait to get your Cash Out prowess on until after you use the free bet.
Terms and conditions apply.
Betfred bonus conditions:
- Name: Bet £10 Get £60 (T&Cs apply)
- Bonus type: Free bet + casino bonus
- Maximum bonus amount: £60
- Able to be cashed out: No
- Betting requirement: Free bet must be wagered one time prior to any winnings being withdrawn. Casino bonus must be wagered 50x
- Minimum odds: Evens (2.0) or greater
- Betfred Bonus code: SPORTS60 or MSPORTS60
The review of the Betfred bonus:
While the Betfred Welcome Bonus is not one of the very best on the market, unlike the best online bookmakers list, we at OpenOdds think that it’s a bonus that gives quite a bit of flexibility to the punter when using it. This is why we’re giving the bonus an 85 out 100. How did we come to this Betfred Sign Up Bonus rating? First off, we think that, overall, it is a good bonus, and we like the fact that you get an additional taste of the casino. As long as you’re okay with betting at odds of evens or more, you’ll have a lot of fun.
The higher odds minimum may turn off certain punters but there are more benefits of this bonus that outweigh the constraints. Plus, the sports that are eligible for the bonus are also very open. It’s definitely much better than the bookies that restrict a lot of the markets and lines from the bonus. Even if you can’t withdraw the bonus amount nor cash out, and you only have 7 days to use it, the fact that you have 60 days to place the qualifying bet gives you enough flexibility to truly take advantage of the Betfred bonus.
If you’re a Manchester United fan (the Done brothers are huge United supporters and there’s great value to be had) and into horseracing, you’ll definitely want to open a Betfred betslip. So there you have the Betfred Deposit bonus explained.
5 expert tips for the Betfred bonus
Betting over 0.5 goals football betting strategy:
This betting strategy is used with the following requirements in mind. At least one goal has to be scored throughout the match and when you place this in a live bet you have to go all in. The only way this strategy will falter is if the game ends in a 0-0 draw, so you really need to make sure that there’s no penchant for a draw. How do you do this? First, you choose the quantity you’re keen on staking; it needn’t be more than £10. Even £2 would do. After you’ve set your budget for every round, you do your homework and research the lines to confidently find a match that won’t result in a 0-0 draw.
You have two market options: the 0.5 Goals Market or the Total Goals market. Sometimes, there are better deals to be had in Total Goals so that is another factor you need to investigate as you plot your strategy. Another important consideration is that you can’t pull your money out in Total Goals until the game has finalised. In turn, the Over/Under markets permit you to withdraw the bet as soon as the goal you’re looking for gets scored. It won’t work, however, if the odds are below 1.11. This will be best be used as your price floor in all bets.
There is flexibility, though, in when you choose to commit to a wager. Should you sense that a goal will be scored early, you can stake once a match commences. It’s also possible for you to simply wait and bet once 30 minutes have passed because it’s when goals are first marked. Then, your last resort would be at halftime because this is when you can earn a greater profit (the odds will generally be above 1.2 at this juncture.
Over 1.5 goals football betting strategy:
Given that Betfred has football as one of its primary markets, this bet-in-play strategy could be useful to you. For those that don’t know, when it’s 1.5 goals, the scoring requirement is that at least 2 goals need to be scored throughout. This is the type of live bet you don’t wager until closer to the end of the first half. When you pay attention between 30 and 40 minutes. During live football games, what happens is that the over 1.5 goals odds tend to rise really quickly towards the beginning so the key is to wait until the perfect time.
Do not place your bet during the first 30-40 minutes of the game because if you are watching a match and no goals are scored, the odds are going to go up. And as the odds go up, your potential profits will go down. Not so good. So, you place your bet around halftime. And finally, once someone gets a goal on the board, you can just go ahead and cash out your bet. The only time we don’t recommend you to follow this is if a goal is scored early: you’ll just go down in a hole.
Wager on overlays:
Another one of Betfred’s specialties is horseracing, which is why we offer you this technique. This is often considered to be the securest way for to make a long-term profit. It basically means that you just want to, at the very least, be sure that you’ll get at least the value of what you’re betting on, or even more. So this means that if your horse is valued at 3/1 odds and you can secure that or more, you’re good to go. This winning strategy will make sure that slow and steady wins the race by making it sustainable at its maximum potential.
Adjust your wagers to your bankroll:
For punters of all stripes, the backbone of what money they will be able to live without in the event of a rough patch is their bankroll. The first thing any punter should do is to set a budget. From there, that will determine how you adjust.
There’s a vital piece of prudence you need to take on when you have a bankroll of any amount: you should never bet more than 5% of your total bankroll on one given wager. If it’s an amount of £1,00 or less, the wagers should be more conservative on just win or daily double bets. Your percentage of bankroll wagered target at this spending level should be between 2 and 4%. If you’re willing to move up to the £1,000-£2,000 range, mild-conservative to conservative bets can be added to the bets you were already waging when you had a lower budget. You also can add one more type of bet, pick-3 bets, to the win and daily doubles you were already accustomed to before, so with more money there is more variety.
Pick-3 Bets are sometimes called Multiple Win Exotics. Then £2,000-£5,000, the options that you had before expand to include on light exotics. The new bet categories that come with being able to wager on light exotics are exacta bets and trifecta bets. And then, for the big spenders who have a £5,000-£10,000 bankroll range, medium exotics can be integrated into the betting strategy, and have superfecta and pick-4 bets.
Wager at the right time:
The phrase “right place at the right time” seems to apply in a multitude of situations. Frequently, timing is key when you place a bet on the sportsbook. It doesn’t matter whether it’s live betting or for a bet in-play. While there’s no golden rule about the timing, you can get enough information for your specific sport and market to make the decision for you. You can only do this by following the odds very closely. Since the odds move and up and down just as quickly as the world changes, you want to be on your game and commit when you’ll get the best deal.