Betfred are one of the most well known high-street bookmakers and in this review of Betfred we’re looking at how their online service compares. We’ve given their service an 4 star rating.
I’ve had an online account with Betfred for at least 10 years and there’s no doubt in my mind their a reputable company that will pay out on winning bets.
They do have a few issues though, when compared to the bigger name bookies, and I plan to highlight them further below but they revolve mainly around design and a need for modernisation (although their app / mobile site does this well).
New customers are going to find one of the most unique sign up offers of any bookmaker at Betfred and a mountain of other long standing promotions which are especially good for football and horse racing.
Licensing & Safety
Betfred is licensed by the Government of Gibraltar and is therefore regulated by the Gibraltar Gambling Commissioner as well as the UK Gaming Commission.
For conformation of the registration, the license numbers granted to Betfred are 036 and 038. It’s not that uncommon to find bookmakers based in Gibraltar and licensed by Gibraltar and the UK – they do it to avoid the large tax bills they’d get if they operated out of the United Kingdom.
The fact that Betfred are regulated by two government organizations means that Betfred must, among other things:
- Behave in a manner that ensures that all gambling on the site is fair and unbiased.
- Ensure that only those over the age of 18 are allowed to use the services offered.
- Provide assistance to anyone with problems related to excess gambling.
Deposits & Withdrawals
£5 – ?
£5 – ?
£5 – ?
£5.50 – ?
£5 – ?
£5 – ?
£5 – ?
£85 – ?
Cash In Shops
£10 – ?
Markets & Odds
In this section of our review we’re going to take a look at what you can bet on and the live betting options at Betfred.
Betfred offers the possibility to bet on a range of different sports, however the depth of markets per sport and per event isn’t quite up to standard with the likes of Betvictor and Bet365 so don’t be surprised to see less market options here. Sports that can be bet on include:
- American Football
- Aussie Rules
- Gaelic Football
- Horse Racing
- Ice Hockey
- Motor Sports
- UFC / MMA
As can be seen, the amount of sports to bet on is wide, and the different sports can all be expanded on by clicking on the relevant selection on the menu, located on the left of the screen (use a-z menu on app).
This will bring up various options for each sport, all the way from regular bets, such as the final score, through to more obscure bets, such as the number of corners in football. As a general rule you will find less betting options per event than at some of the other bigger online bookmakers.
You can also access all of the markets at Betfred via the Betfred mobile app.
Live streaming is only available on horse racing and greyhounds… more on that below.
Betfred also offer live or in-play betting if you prefer via a dedicated section on their website.
The Betstream interface they use makes it easy to place bets instantly and they’ve recently massively upped their game when it comes to in match stats, graphics and scores – which was much needed. The odds are updated on an regular basis throughout any match and prices are competitive.
Their in-play offering is a definitely second best when you compare the live options offered by the likes of Bet365 who allow their punters to see full match information, live odds and in most cases a stream of the event taking place.
Betfred need to get this sorted if they are going to compete with the big boys in the industry and for this reason alone we don’t believe they belong in the high star rating categories.
Live streaming is available but only for horses and greyhounds with punters who want to watch needing to bet a a minimum of £1 on the race in question.
The current Betfred free bet on offer to all new customers entitles you to place a bet of £10 or more and win or lose you’ll get a £30 free bet as a welcome bonus and a 60 free spins.
It’s dead easy to claim and as long as you don’t currently have an account with Betfred then you can get your hands on it (no promo code required). To get access to the two bonuses follow the instructions below:
- Start out by clicking this link to claim your £30 free bet & free spins! (link will open in new browser window)
- Open an account by clicking the green ‘Sign Up Now’ button in the top right of your screen.
- Once your account is open you must make a deposit. If you want to claim the bonus in full you’ll need £10.
- Now place a £10 bet on any market you want (min odds 2.0) and no matter what the result within 24 hours you’ll have a £30 free bet in your account and 60 free spins.
Withdrawing: you can withdraw any money won from free bets or free spins instantly.
In our reviews section we’ve given Betfred 4 out of 5 stars which is the third highest grade we dish out to any online bookmaker.
They are licensed with a good reputation among online punters and always pay out on winning bets.
when it comes to long standing promotions they have plenty available to football, horse racing and greyhound racing fans. When compared to all other bookmakers we’ve reviewed Betfred come out top of the pile on promotions and it’s a mjor plus point for them.
Plus their welcome offer is also one of the best around.
There are a couple problems with Betfred thought and until they do something to resolve them we just can’t rank them any higher.
Firstly their live betting offering just isn’t up to standard. There’s not enough live streaming and even though stats and graphics are better than before they still don’t compare to the big boys.
Second up, whilst many sports are available to bet, the option of bets available per event is no where near as good as some of the other players in the industry. Often Betfred will have around 50 markets for popular events when others are offering 100+.
The bottom line is that until the above issues are fixed they won’t make it into a highest categories. However the sheer number of promotions they run, and their quality sign up offer which has virtually no wagering requirements, means we highly recommend you open an account.
Does Betfred do free bets?
The Betfred free bet currently allows new customers to sign up, bet £10 and get £30 in free bets and 60 free casino spins (use code SPORTS60). To trigger make your first bet on sports at £10 of odds of evens (2.0) or higher – T&C’s apply, 18+.
Does Betfred still have Lucky 15 bonuses?
Betfred offers two Lucky 15 betting bonuses. The All Correct Bonuses promotion give you a 10% win boost on successful Lucky 15’s whilst the One Winner Bonus get your 3x odds if you only have one winner in your Lucky 15 – both apply to horses and greyhounds only.
Do Betfred run best odds guaranteed?
Yes but only on horse racing. If you take a price at 7am or later on race day and your horse goes off at longer odds and wins then Betfred will pay out at the bigger odds – full terms and conditions apply.
Can you cash out on Betfred?
Betfred offer cash out on singles and multiples on what they call ‘selected markets’ but in reality that means it’s possible on virtually all markets and bets you make giving you the chance to lock in profit before the final outcome is decided.
What is Goals Galore at Betfred?
Goals galore is a promotion run by Betfred which allows you to place both teams to score accumulator bets at a set price. Often if you check the odds of the set price vs the actual price without the offer you’ll find the Goals Galore giving you bigger odds.