Betfred Sign Up Offer

Description

Register an account with Betfred using the promotional code ‘WELCOME40‘. Deposit and bet £10+ on any sport and get a £30 free bet, plus 50 free spins.

Key terms

  • Register with the promotional code ‘WELCOME40‘.
  • This promotion applies only to first deposits made using a debit card.
  • Minimum deposit of £10.
  • Minimum stake of £10 in one transaction (e.g. 2 x £5 bets won’t qualify).
  • Minimum odds of 2.00 (evens).
  • Qualifying bet must be placed and settled within 7 days of registration.
  • £30 free bet and £10 in free spins credited within 10 hours of settlement.
  • The £30 free bet will be valid on any sport for 7 days.
  • The free bet stake will not be returned with any winnings.
  • The 50 free spins (20p each) will be valid on selected games for 7 days.
  • Any winnings from the free spins will be paid into your cash balance.

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

Account setup

  1. Sign up for a Smarkets account if you haven’t already. You’ll need this to match your bookmaker bet.

MBB Special: £50 Amazon GIFT CARDS

Every signup via the link below will be entered into a free prize draw to win one of four £50 Amazon gift cards. Winners will be drawn 1st May 2024. T&Cs apply.

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

  1. Register an account with Betfred using the promotional code ‘WELCOME40‘.
  1. Deposit £10 using a debit card.
  2. Switch to decimal odds.

Qualifying bet

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

Free bet

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

Free spins

  1. Your 50 free spins will be credited within 10 hours of your qualifying bet settling. Wager the free spins on Eye of Horus, Eye of Horus Megaways, Fishin’ Frenzy or Fishin’ Frenzy Megaways within 7 days.

Limit your qualifying loss to around £1 as a rough guide, 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.

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.
Screenshot of the Matched Betting Academy

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Matt Kirman - Matched Betting Blogger

Matt KirmanMatched 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.