+£22
30 mins
Betfred
Bet £10, Get £50 in Free Bets•30 mins
Bet £10, Get £50 in Free Bets
+£22What 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
4.3 (13k)
★★★★★★
Key Terms
Profit
+£22
Deposit£10 Betfred + £140 Smarkets
Qualifying bet£10 at odds 2.0+
Deposit methodDebit card only
Free bet expiry7 days once added
Qualification window7 days from registration
Step by Step Guide
Dan's overview
Optional·3 min read
Betfred's welcome offer earns you around £22 in locked-in profit (and possibly more). You put £10 into Betfred and place one qualifying bet (costs roughly 30-50p). They give you 3 × £10 free bets plus 2 × £10 accumulator free bets. The standard free bets convert to about £22 in real cash. The accumulators are yours to place on whatever you fancy. If they win, that's bonus profit on top.
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.
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 £140.00 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
Place within 7 days of registering
Your qualifying bet earns you the free bets. By matching it on the exchange, you keep the loss tiny, typically 10–30p. In return, you get £30 worth of free bets to turn into guaranteed cash, plus £20 in accumulator free bets.
Don’t worry about finding the right match yourself. Tap ‘Find my qualifying bet’ below and we’ll scan upcoming fixtures, do the maths, and tell you exactly which match to find and what stakes to place.
Find Your Qualifying Bet- We find odds that qualify, so you don't have to search
- Keeps your qualifying loss as small as possible
- You get exact stakes and direct links to place both bets
Betfred isn't in our live odds feed yet, so we estimate its price from the median across 888sport, BetVictor, Coral, Sky Bet, Ladbrokes, Unibet, William Hill and Paddy Power. Use that as a starting point and only place the bet if Betfred sits inside the odds range we show in Step A.
3
Turn your 3 × £10 free bets into cash
5 mins
Your free bets will be credited once your qualifying bet settles. Use within 7 days.
Turn Free Bets Into Cash- We find a live match that keeps as much of your free bet value as possible
- Won't exceed your Smarkets balance
- You get the exact stakes to place on both sides
Betfred isn't in our live odds feed yet, so we estimate its price from the median across 888sport, BetVictor, Coral, Sky Bet, Ladbrokes, Unibet, William Hill and Paddy Power. Use that as a starting point and only place the bet if Betfred sits inside the odds range we show in Step A.
You also have 2 x £10.00 accumulator 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.
You also have 2 × £10.00 accumulator free bets. Unlike your main free bets, these can't be matched for guaranteed cash, but they're completely free. If they win, it's bonus money on top of your £22.00 profit.
Each accumulator needs at least 4 selections, and you can use them on any sport.
- Open Betfred and find the accumulator section.
- On the bet slip, tap Use Free Bet to stake your £10.00 free bet instead of real cash. Repeat for each of your 2 free bets. If it wins, the cash goes straight to your balance.
5
Withdraw your funds
5 mins
Use within 7 days of your qualifying bet settling.
You also have 2 × £10.00 accumulator free bets. Unlike your main free bets, these can't be matched for guaranteed cash, but they're completely free. If they win, it's bonus money on top of your £22.00 profit.
- Open Betfred and find the accumulator section.
- On the bet slip, tap Use Free Bet to stake your £10.00 free bet instead of real cash. Repeat for each of your 2 free bets. If it wins, the cash goes straight to your balance.
Offer Complete
Done? Tick off each step above to see your total.
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.
