Betfred's welcome offer works best as a controlled matched-betting setup, not a punt.

Quidsy lists Betfred for that route, not as a recommendation to bet for entertainment. The qualifying bet is the low-risk part when done correctly: you cover it on the exchange, so whatever the result you lose only a small, predictable amount. The free bets are a conversion question: how much of the £50 headline becomes withdrawable cash depends on how cleanly each free bet can be covered. The standard sports free bets cover cleanly. The Bet Builder free bets are harder, so they convert to less. The careful part is Betfred's 7-day registration, deposit method, odds and settlement rules. If you are not comfortable covering bets on an exchange, skip it.