+£30
30 mins
Betfred
Bet £10, Get £50 in Free Bets•30 mins
Bet £10, Get £50 in Free Bets
+£30What is Betfred?
Betfred was founded in 1967 by Fred Done in Salford, making it one of the longest-running bookmakers in the UK. They're fully regulated by the UK Gambling Commission.
You'll find Betfred shops on most high streets, but we're using the online version.
Launched
1967
Google Play
4.4 (15k)
★★★★★★
Key Terms
Your numbers
You make+£30
You need upfront£150
£10 Betfred + £140 Smarkets
Not spent – it moves between your accounts and comes back when you finish
The rules
Qualifying bet£10 at odds 2.0+
Deposit methodDebit card only
Qualification window7 days from registration
Free bets creditedOn bet settlement
Free bets expire7 days
Step by Step Guide
Dan's overview
Optional·3 min read
Betfred's welcome offer is worth around £30 on average. You put £10 into Betfred and place one qualifying bet (costs roughly 30p to 50p). They give you 3 × £10 standard free bets, which we lock in on the exchange for guaranteed cash, plus 2 × £10 accumulator free bets that you place yourself. That average already blends the guaranteed cash with the typical value of the accumulators.
You need about £150 total across both accounts, but none of that money is spent. It just moves between your accounts to cover both sides of the bet.
It takes about 25 minutes of actual work, spread over a couple of days. Once Betfred's done, your exchange balance is ready for the next offer.
You'll use your existing Smarkets account for this one. If you haven't set one up yet, do that first with the Coral offer.
Start here
Get Smarkets ready
Every matched betting offer uses the Smarkets betting exchange to lock in your profit. Set it up once and you're ready for all of them.
- 1.Create a free Smarkets account
- 2.Deposit £140 – that covers the lay bets for this offer
When you place a bet on Betfred, you also place an opposite bet on Smarkets to cancel it out. If Betfred's bet wins, Smarkets needs to pay the difference, and the £140 is there to cover that worst case.
You won't lose this money. It just needs to be in your Smarkets account while the bet settles. After the match, the unused balance is yours again.
1
Sign up with Betfred
10 mins
- Click the button below to go to Betfred.
- Register an account and deposit £10 using a debit card. Apple Pay linked to a debit card also works. No other payment method will qualify.
- Switch to decimal odds: go to Settings and change Odds Format to Decimal.
2
Place your £10 qualifying bet
5 mins
Within 7 days of registering
This unlocks your £50 in free bets. We'll match your bookmaker bet on the exchange so your qualifying loss stays small, usually 10-40p.
Use the finder below to get a low-loss match with the exact stakes for both bets.
3
Turn your 3 × £10 free bets into cash
5 mins
Use them within 7 days.
Your free bets will be credited once your qualifying bet settles.
Once the free bet credit is visible in your bookmaker account, use the finder below before placing anything.
You also have 2 x £10.00 bet builder free bets to convert before they expire – we'll walk you through those in the next step.
4
Use your accumulator free bets
5 mins
Use within 7 days of your qualifying bet settling.
5
Withdraw your funds
5 mins
- Once all your free bet matches have finished, check your Betfred account balance.
- Withdraw any remaining money in Betfred to your bank account.
- Check your Smarkets balance. Move your Betfred profit into Smarkets too. A bigger exchange balance lets you tackle higher-value offers next, some worth £30–50+ each.
- Don’t close your Betfred account. Bookmakers sometimes send existing customers extra free bet offers.
Offer Complete
Finished? Tick off each step above to view and track your total profit.
Petfre (Gibraltar) Limited trades as Betfred and is licensed and regulated in Great Britain by the UK Gambling Commission under account 39544. 18+ only.
18+. Gambling can be addictive. If you feel you may have a problem, visit BeGambleAware.org. Matched betting involves placing bets with real money. While the mathematical approach minimises risk, losses can occur if instructions are not followed exactly.