Betfred Sign Up Offer (2023) | How to Make £23.00 Profit

Description

Key terms

This promotion applies only to first deposits made using a debit card.
Minimum deposit of £10.
Minimum stake of £10.
Minimum odds of 2.00 (evens).
Qualifying bet must be placed and settled within 7 days of registration.
£30 free bet credited within 10 hours of settlement.
The free bet will be valid on any sport for 7 days.
The free bet stake will not be returned with any winnings.

Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms anytime, so it’s always worth double-checking.

Account setup

Sign up for a Betfair Exchange account if you haven’t already. You’ll need this to match your bookmaker bet. As an added bonus you’ll also get Betfair’s new customer offer. If your first Exchange bet loses, you’ll receive your money back as cash up to £20.

Matched Betting Blog receives a small commission when you sign up to Betfair via the link above. It helps support the site and keeps it free for everyone to learn matched betting.

Deposit £10 using a debit card.
Switch to decimal odds.

Qualifying bet

Check the back odds at Betfred and the lay odds at Betfair to find a suitable selection. Your qualifying bet must be placed at minimum odds of 2.00 (evens).
Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £10 qualifying back bet at Betfred (must be placed and settled within 7 days of registration).
Place your lay bet against the same selection at Betfair.

Free bet

Your £30 free bet will be credited within 10 hours of your qualifying bet settling.
Check the back odds at Betfred and the lay odds at Betfair to find a suitable selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £30 free back bet at Betfred (valid for 7 days after being credited).
Place your lay bet against the same selection at Betfair.

As a rough guide, limit your qualifying loss to around £1 and aim for £24 cash (80%) from your £30 free bet. Based on those figures, you should make a £23 profit on this Betfred offer.

If your qualifying back bet at Betfred won, Betfair will refund your losing lay bet as cash up to £20 as part of their new customer offer. If you’re due a refund, your cash will be credited within 72 hours of your qualifying bet settling.

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

Learn matched betting the free, easy way.

The Matched Betting Academy

Logically structured to tackle strategies and offers as you’re ready for them.
Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

Get Started

Screenshot of the Matched Betting Academy

Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman – Matched Betting Blogger

Since 2014, I’ve blogged over £70,000 worth of profit, and made it my mission to make matched betting accessible to everyone.

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Ed
Guest user

Hello Matt, just wondering if you can become a new customer after not having a bet for a few years as I did quite a few match bets back in 2013/14, I’ve managed to do a couple but some still have me on their books and wont let me register, regards, Ed.

+2
Reply May 27, 2022 at 3:38 pm
1. Matt
  1368
  
  It’s impossible to say, really, Ed. As you say, it will probably work with some bookmakers but not others.
  
  All you can do is try it and see.
  
  +2
  Reply May 28, 2022 at 7:21 am
Ed
Guest user

Ok, thanks Matt.

+2
Reply May 28, 2022 at 12:26 pm
ChocChipChoc
13

The Telegraph seems to be offering a variation on this sign-up promotion for £60 bonuses instead of £30, still with an initial £10 stake (unfortunately I didn’t spot it until after signing up with the £30 promotion):

You should receive £20 free bets for sportsbook, £10 free bets for lotto and 50 free spins to begin with, then 5 days later you should receive another £20 free bets (for sports, lotto or virtual).

+3
Reply November 10, 2022 at 2:29 pm
1. Matt
  1368
  
  Thanks for sharing this. I checked with Betfred, and the ‘TELE60’ promo code no longer works. However, they do have the same promotion running on promo code ‘BETFRED60’. You can find the promotion page here.
  
  With an external promotion (not advertised on their site), anyone looking to take it up may wish to check with Betfred beforehand that it’s still a valid offer.
  
  +3
  Reply November 10, 2022 at 9:46 pm