Betfred Promo Code: £50 in Free Bets - February 2025

These answers are correct to the best of our knowledge at the time of writing. Check direct with Betfred for the latest T&Cs. Betfred's customer support will be able to offer the most up-to-date information.

Winning Example

• Make an initial deposit of £10 into your new Betfred account.
• Place a £10 bet on Nottingham Forest to beat Fulham in the Premier League at odds of 5/2. The bet wins, resulting in a profit of £25.
• The new balance is £35. (£10+£25).
• This bet unlocks £50 in free bets, split into 5 bets of £10 each, which you'll see added to your account as a free bet balance, alongside your main balance of £40.
• Use your free bets within 7 days.
• Regardless of whether your bet wins or loses, withdrawal of your balance can now be requested.
• Free bet value is not included in any returns from your free bet.
• For example, if one of your £10 free bets wins at odds of 4/1, the balance you can withdraw from the account would be up to £50 (£10+£40).

Losing Example

• Make an initial deposit of £10 into your new Betfred account.
• You place a bet of £10 on the Cheltenham Festival. Unfortunately the bet loses, reducing the balance of your account to zero.
• Despite your initial bet losing, it still unlocks £50 in Betfred free bets which will show up on your account as a free bet balance.
• There is still potential to make a profit by wagering your 5 x £10 free bets within 7 days of receiving them.
• For example, by placing one of your £10 free sports bets on a winning wager with odds of 3/1, your balance would now be £30 which is free to be withdrawn.

Betfred have a range of unique promotions rewarding the loyal customer. Here are our favourites:

Remember, promotions are subject to specific terms and conditions, including wagering requirements and expiration dates. It's important to review these details on Betfred’s website or app to understand how each offer works and its limitations.

Betfred offers exclusive promo codes and bonuses outside the UK, tailored to specific regions, languages, and currencies.

South African customers can now join the Betfred family and if you have not signed up yet, you can take advantage to their lucrative welcome offer! Find the South Africa Betfred promo code here, along with everything you need to know about how to sign up, reviews and more.

Betfred Sports Logo

In 1967, brothers Fred and Peter Done launched their first high-street betting shop in Salford.

In the 1980s, Fred Done introduced the 'Lucky 15' bet, (check out our Lucky 15 bet calculator to see how much you can win) allowing bettors the opportunity to achieve significant payouts from small stakes by distributing bets across multiple fixtures and accumulating winnings. The company reinforced its unique selling proposition by branding itself as the 'Bonus King,' offering more daily promotions and bonus enhancements than any other competitor. By the late 1990s, the business had expanded its high-street presence to 100 shops, and over the next decade, that number grew to over 500. Notably, one of these shops produced the first betting shop millionaire in 2004.

In 2011, Betfred successfully acquired Totesport for £265 million, becoming the fourth-largest bookmaker on the high street and the largest sponsor in Racing by supporting 700 races annually. Betfred also sponsors the Men's, Women's, and Wheelchair Betfred Super League, Championship, and Challenge Cup, and serves as an official partner of the England Rugby League team.

From 2011 to 2018, Betfred experienced rapid growth online, achieving an annual business turnover of £10 billion in 2019. Their online gaming technology is powered by Sharp Gaming, their in-house technology division.

Betfred remains a privately-owned entity and is the largest independent bookmaker in the UK.