Betfred £30 Free Bet for New Customers – 2024
Betfred Sign-Up Offer Overview
Minimum deposit needed: £10
Website: betfred.com
Exchange balance required: £100-£150 (we recommend using Smarkets)
Free bet value: £30
Expected profit: £22
Disclaimer: UK only. Whilst we do our best to update instructions, it is your responsibility to check the terms and conditions for this offer on the bookmaker’s site to ensure you meet the requirements for receiving and using bonus funds. If you notice any changes to the Betfred welcome offer or terms, you can let us know in the comments section at the bottom of this page.
Depositing with pre-paid credit cards or any type of e-wallet will make you ineligible for this promotion.
We do not link to Betfred directly because we do not believe in having any affiliation with, or tie to, bookmakers. Bookmaker affiliates profit from your losses and that is not what we’re here for.
Qualifying Bet
Minimum odds: 2.00
Minimum bet stake: £10
Open up the oddsmatcher and search for a suitable bet with odds of at least 2.00.
Follow our recommended oddsmatcher instructions if you’re unsure what to do here.
Calculating the lay stake
Open up our calculator and input your stake, back odds, the lay odds on Smarkets, and the Smarkets commission of 2% (or 0% if you’re on a promotional deal).
The above calculator screenshot uses dummy odds for the purpose of the example. You will need to ensure you input the odds from Betfred and the lay odds from Smarkets correctly.
Your back stake is £10.
Your back odds is the price you took on Betfred (minimum of 2.00).
Your lay odds is the lay price available on Smarkets (probably slightly higher than the back odds).
Follow the calculation and lay the recommended stake on Smarkets.
You’ll see the calculator say ‘At odds of Y you could lay £X.XX’.
Lay that figure using the blue ‘lay’ box next to your team on Smarkets.
The liability is the amount you need in your Smarkets balance.
You will lose a small amount in this qualifying bet.
Free Bet
Value: £30
Recommended odds: 4.5 to 6.5
Open up the oddsmatcher and find a suitable bet.
Your free bet should be credited within 10 hours. Once it has been credited, it’s time to earn your profit.
Load up the calculator to input your odds and calculate your lay stake.
Change the calculator’s bet type from ‘Normal’ to ‘Free Bet (SNR)’.
You’ll now be given the lay stake you need to lay on Smarkets and the amount of profit you will make.
Place your free bets on Betfred and then lay using the calculator’s figure.
In the example, using odds of 6.00 on Betfred and with lay odds of 6.50 on Smarkets, we make £22.68 profit.
Our liability is £127.32, meaning we need this much in our Smarkets account. If you choose lower lay odds, you’ll require a lower balance but will also be likely to make a smaller amount of profit.
Subtracting the qualifying loss from the first bet, which was £0.78, we are left with £21.90 profit in the example.
Subtract your own qualifying loss from your free bet profit so you can track your overall profit from the offer.
Consider placing a mug bet before withdrawal if you win at the bookmaker.
Information About Betfred
You can change the odds from fractional to decimal by going to your account settings whilst logged in.
Betfred and its sister site Totesport both run the extremely fun and lucrative offer called known in the industry as DDHH. This is a great offer that can be completed an unlimited amount of times, but you will be at risk of being gubbed if you start to place too many bets on this offer without keeping your account looking more like a normal punter.
Now that you’re finished, you can move onto completing one of our other sign-up offers. Check out our full list here!