Description
Register an account with Betfred using the promotional code ‘WELCOME50‘. Deposit and bet £10+ on any sport to get £40 in free bets, plus 50 free spins.
Key terms
- Register with the promotional code ‘WELCOME50‘.
- This promotion applies only to first deposits made using a debit card.
- Minimum deposit of £10.
- Minimum stake of £10 (must be your first bet).
- Minimum odds of 2.00 (evens).
- Your qualifying bet must settle within 7 days of registering.
- Within 10 hours of settlement, you’ll receive the following:
- £20 free bet on any in-play market.
- £20 free bet on an accumulator (4+ selections).
- 50 free spins (20p each) on Fishin’ Frenzy.
- The free bets and free spins will be valid for 7 days.
- The free bet stake will not be returned with any winnings.
- 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
- 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.
- Register an account with Betfred using the promotional code ‘WELCOME50‘.
- Deposit £10 using a debit card.
- Switch to decimal odds.
Qualifying bet
- 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).
- Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your £10 qualifying back bet at Betfred (it must settle within 7 days of registering).
- Place your lay bet against the same selection at Smarkets.
Free bets
- Your 2 x £20 free bets will be credited within 10 hours of your qualifying bet settling. The free bets will be valid on any in-play market and an accumulator (4+ selections).
- Check the back odds at Betfred and the lay odds at Smarkets to find a suitable in-play selection. In-play odds can fluctuate much more than pre-event odds. The best strategy is to find a selection during half-time of football matches when the odds are stable.
- Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
- Place your £20 free back bet in-play at Betfred (valid for 7 days after being credited).
- Place your lay bet against the same selection at Smarkets.
- Repeat steps 10-13 for your remaining £20 free bet.
Free spins
- Your 50 free spins will be credited within 10 hours of your qualifying bet settling. They will be valid on Fishin’ Frenzy for 7 days. To claim your free spins, you must open Fishin’ Frenzy and accept them.
Limit your qualifying loss to around £1 as a rough guide. Aim for £15 cash (75%) from your £20 free in-play bet and £14 cash (70%) from your £20 free bet on a football accumulator. Based on those figures, you should make a £28 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.
How to lay a multiple bet
Your best option is to lay your multiple at Smarkets, as their platform allows you to build any multiple and lay it as one bet. Therefore, you can place your multiple bet at the bookmaker and then build and lay the same multiple at Smarkets.
See my ‘Laying Multiples‘ guide for a complete walkthrough.
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 £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.