Betfred Review: Sports Betting, Free Bets and Bonus Offers
Betfred is an online betting bookmaker based in the UK. Betfred casino features data for 27 sports. However, the main sports that users will find covered by this bookmaker are Betfred horse racing, football, tennis, and rugby union. Our review of this Betfred casino found that it covers different bet types which can be placed not only with the player’s cash, but also with free bet or another bonus. These include Singles, Parlay, System (Doubles, Trebles, Folds), Specials (Trixie, Yankee, Super Yankee, Heinz, Super Heinz, Goliath, Luckies, Singlestakesabout and Doublestakesabout). They don’t have any no deposit offers, however.
In the Betfred football and tennis sports, Betfred covers 25 live markets and 15 live markets. However, the bookmaker seems to have more pre-live markets which include 2 Betfred horse racing, 60 football, 15 tennis, and 11 rugby sports. Horse racing is among the Betfred’s main markets, particularly because Betfred casino is among the largest horse racing sponsors in the UK.
Betfred features several leagues and banners on its website. Some main leagues that users can expect on this site are the Association of Tennis Professionals (ATP), Premier League, Bundesliga, La Liga, Rugby World Cup, National Football League (NFL), and Cricket T20. On the other hand, the main banners for online betting on Betfred are UEFA Champions League, Horse Racing Wolverhampton, and Premier League.
Live and pre-live margins for main sports
Our review of the margins that Betfred offers for the main sports in the pre-live market showed that the bookmaker provides a fairly wide margin for online betting on both football, but not rugby and tennis. For football, this online betting site offers margins of between 3.4 and 9.9, for tennis, it offers between 4.7 and 5.2, while for rugby, the bookmaker offers 7.9 and 11.4. A comparison with a few other bookmakers showed that the pre-live margins offered by Betfred for the tennis game, though not wide, are competitive.
For this sport, Ladbrokes offers users margins that range between 7.6 and 8.7, Paddypower offers between 6.1 and 8.6 and Betvictor offers margins of between 4.7 and 6.7. For football, Ladbrokes offers margins of between 5.1 and 11, Paddypower offers between 5.6 and 12.1 while Betvictor offers between 4 and 7. For rugby, Paddypower offers margins of between 5.2 and 9 while Betvictor offers between 5.4 and 10.4.
In the live market, Betfred offers a 5.62% for Football Championship. Compared to other bookmakers, this margin is quite low considering Betway offers 10.24%, Betfair offers 11.35%, Coral offers 8.46% and Boylesports offers 5.83% for the same sport in the live market.
Live and pre-live margins for leagues
We reviewed Betfred’s margins for the Europa League in both pre-live and live markets. For the pre-live market, we noted that Betfred super league margins are a bit low compared to what other bookmakers offer users. For instance, Coral offers a 5.74% margin for this league, Matchbook offers 5.93% and Betsafe offers a 3.36% margin.
In the live margin, Betfred grand national offers a 5.62% margin for football championships. In our opinion, this margin is low considering that Unibet offers a 6.67% margin, Betway offers 10.24%, Paddypower offers 7.2% and Skybet offers a 9.12% margin for the same competitions.
Overall, the margins that Betfred football offers are slightly lower than what other bookmakers offer on top events in the pre-live and live markets.
Statistics & Results at Betfred
Our review of Betfred showed that the bookmaker does not provide sports statistics and Betfred results. In our view, the absence of this data and Betfred results makes it difficult for online betting fans to view team and player performance stats, such as past performance trends, that are useful in enabling them to make informed betting decisions and maximizing the efficiency of no deposit bonus cash, freebet or any other bonus usage.
- Results not available
- Statistics not provided
There are numerous bonus offers on Betfred for users who are keen on winning no deposit bonus cash, free bets or bonus money. A review of the website shows that a dedicated promotions page with promo code has been set up. In the table below, we provide an analysis of the various bonus offers available on Betfred. Most of the bonus offers available here do not require a Betfredcasino’s promo code. In the table, and we tell you the title of the offer, whether it is a bet-get, deposit, no deposit or cash bet offer. Further, we inform you of the minimum qualifying bet and odds for receiving the freebet or any other bonus they offer, market restrictions, maximum winnings and any special requirements that users need to meet to participate in the offer.
|Promo Name||Promo type||Requirements||Restrictions||Max. Winnings|
|Double Delight & Hat-Trick Heaven||Deposit||Cash pre-match single bets on the first goalscorer market in the specified games||First goalscorer market||x2 win if your player scores double x3 win if your player scores a hat-trick|
|Own goals do not count.|
|Horse Racing - Best Odds Guaranteed||Odds Boost||Bets that use existing free bet funds do not count||Horse racing||If the odds get shorter after the user places bet, payment is made at the original price. If the odds get bigger, payment is made at the bigger price|
|Applies to UK & Irish horse racing only in Betfred Irish lottery. Applies to bets placed after 07:00 on the day of the race.|
|Horse Racing & Greyhounds - All Correct||Special||All Correct Bonuses, cash||Horse Racing & Greyhounds||10% bonus to all-correct Lucky 15/ Yankee bets. 20% bonus to all-correct Lucky 31/Canadian bets. 25% bonus to all-correct Lucky 63/Heinz bets|
|All selections must run. Bets placed using free bets do not qualify.|
|Horse Racing & Greyhounds - One Winner Bonuses||Odds Boost||One Winner Bonuses||Horse and Greyhound Racing||3 x the odds to one winner on Lucky 15s with no other winner on the bet. 4 x the odds to one winner on Lucky 31s with no other winner on the bet. 5 x the odds to one winner on Lucky 63s with no other winner on the bet.|
|All selections must run.|
|NFL - Double Delight||Deposit||pre-match bet on the 1st Touchdown Scorer market in selected NFL games||National Football League||x2 win If your player scores the first touchdown and then goes on to score another|
|Singles Only. Bets using existing free bet funds do not count.|
|Bet £10 Get £30||Free Bets||Bet £10, the First bet must be £10 or more and have odds of evens (2.0) or greater||None||£30 in Free Bets|
|Cashed out bets do not count towards this offer. All free bets are valid for 7 days after the issue.|
|Acca Insurance||Free Bets||Min odds per leg of 1/3||Football||up to £10 in free bet per day|
|Pre-match 5-fold match result football accumulator on games from selected leagues. If only one selection loses, the initial stake will be returned. Minimum odds per leg of ⅓ cashed. Out bets do not apply. Bets placed using existing free bet funds do not count.|
Betfred offers users a cash-out option for all pre-match and in-play matches and all bet types. According to its terms and conditions, cash out can be more and less than the initial stake, but the stake itself should be placed with real money and not freebets or no deposit bonuses.
Betfred offers users several free bet offers. For instance, new customers get the freebet offer where after placing a £10 bet, they get £30 in Free Bets. Another offer that allows Betfred Irish lottery users to get free bets is the football Acca insurance. With this offer, users get a maximum free bet return of £10 per person per day. Users need minimum odds of ⅓ per leg. As was mentioned above, cashed out bets do not apply in this offer and bets placed using existing free bet or no deposit bonus funds do not count.
For horse racing enthusiasts, opening times of this online betting site offer a horse racing – 2nd to SP Fav offer where users can place a win or each-way single on any nominated races on specified days. If a user’s selection finishes second to the SP favorite, the Betfred Irish lottery gives the user his win stake back as a free bet of up to £10. The maximum free bet refund is £10 per user per race. Nevertheless, they don’t offer any no deposit bonus cash so far.
Betfred Payment Methods
Our review of Betfred showed that the bookmaker does provide users with several payment options. According to its terms and conditions, users are only allowed to deposit funds through visa, MasterCard Maestro, Neteller, pingit, skrill, Paysafecard and Ipay, and only few of those are eligible for receiving their bonuses, including freebet offers. A look at payment methods for withdrawals revealed that not all methods that feature on the deposit list are to be used to withdraw funds from Betfred bingo. To withdraw funds, users are advised to use debit cards, credit cards, Neteller, PayPal, Skrill, bank transfers, and Betfred login shops.
Fees and approvals
We took a review of Betfred’s fees and withdrawal approvals. Based on provisions of Betfred login terms and conditions, the bookmaker does not charge users to make withdrawals. However, users need to be aware that the bank or payment service provider’s fees may apply. In the event that such providers affect charges on withdrawals, Betfred login will pass such costs over to users.
Our review also checked the efficiency of different withdrawal methods. During the review, we noted that withdrawing throws bank cards can take a maximum of 48 hours to get executed on the Betfred login systems. Further, Betfred users have to wait for 5 more working days for the funds to be reflected in their accounts. The minimum amount that users can withdraw from the Betfred Mobi is £5, the same amount applies for deposits.
Overall, our impression of Betfred’s payment methods seems to be highly inefficient. In most instances, users can only make withdrawals of small accounts. Betting lovers who want to withdraw large amounts of funds will experience challenges making withdrawals. At the same time, the time that the bookmaker takes to approve withdrawals is extremely long.
Licenses held by Betfred
A reviewed of Betfred’s licensing revealed that Betfred is licensed in the UK as well as in Gibraltar. In the UK, the company that holders the license for this bookmaker is Petfre (Gibraltar) Limited, this company holds license number 39544 issued by the UK Gambling Commission. The license allows the bookmaker to engage in various gambling activities including Betfred bingo, casino, general betting – standard and virtual events, general betting standard – real event and pool betting.
In Gibraltar, Betfred operates under two licenses. The first one is a Betting license whose number is RGL No. 038 while the second license is a gaming license number RG No. 036. Though our review showed that Betfred bingo has not been issued with any sanctions, we noted that in October 2019, the UK regulatory body took regulatory action against this bookmaker.
The UK Gambling Commission conducted an investigation on Petfre (Gibraltar) Limited, which is licensed to run Betfred. The investigation showed that Betfred app failed to conduct checks on the source of funds on a user who deposited some £210,000 stolen money adequately. It emerged that out of this amount, the customer lost £140,000 over a period of 12 days. This was an indication of failures by the company’s anti-money laundering procedures and policies.
As a result of this, the license holder had breached some of the conditions attached to the license and had to make a regulatory settlement that included divesting gross gambling yield amounting to £140,000 that was lost by the affected customer. These funds were to be sent back to the victim who lost the funds. Betfred mobile also had to settle a £182,000 financial policy, agree to have a statement of facts to be published on this matter and a £15,168.42 payment to the commission for investigative costs.
Customer Support at Betfred
In terms of customer support, our review of Betfred shows that the bookmaker uses email, live chat, and phone calls as the main communication channels to have their issues resolved or queries responded to. Users who prefer email communication can reach the customer support team by sending an email to firstname.lastname@example.org whether it is just a simple bonus request or more sophisticated free bet inquiry.
To contact the team via phone or Betfred mobile, users within the UK are expected to call the team on 0800 028 7747 while customers outside of the UK may call +44 (0)1925 878269. It was not clear whether the platform uses Betfred Twitter to provide customer support or the Betfred app.
We sent three questions about withdrawals, bonus offers and alike to test the availability of customer support round the clock. The first one was on whether Betfred bingo charges any withdrawal fees. We also asked whether we could deposit funds using Paysafecard and withdraw on the regular card and whether we would be provided with a bank statement if we deposited funds into our account using a card.
We also wanted to know whether we could withdraw funds into a card and get the whole amount if we have 100 GBP in an account. We confirmed that live chat support services are available round the clock – which is a plus for the bookmaker. On average, a live chat takes 40 seconds to initiate and about 4 minutes to get a response on Betfred bingo.
Our bid to establish how competent the customer service team was to send several questions to the team. In our first question, we asked the team why their margins are so high if it was possible to adjust them for loyal customers. For this question, the customer support informed us that odds can vary from time to time dependent on the time you check, for example, odds on selections will be at their best the further away the event is from the time of the selection competing.
Odds are changed anywhere up to an hourly basis, as such, you can get shorter the closer the event is. They will also be more than likely slashed anywhere up to an hour before the event (for example when football teams have been named). The staff confirmed that all odds online would be the same for every customer regardless of their status with Betfred login.
Our next question was on whether we can use bitcoin for withdrawals and whether we can get a free bet or a no deposit bonus since we wanted to try the site. The team responded to us stating that unfortunately, they would not be able to credit any no deposit bonuses as well as freebet via customer service. The team claimed that it is the task of its marketing team to target free bet promotions and make these bonus offers available to all its customers. We were advised that if we were looking to receive more bonus options to our account, we could refer to the different sections of Betfred bingo’s promotions pages, which are updated often. Also, the team advised us to check out email addresses since sometimes, the bookmaker sends out free bet promotions via email.
Our impression of the customer support team at Betfred mobile was that it is polite and one that provides unique answers. Especially when it comes to bonus requests. However, we did not find them to be very friendly and interested in helping. It took an incredibly long time to get answers from them and even after, there were no apologies for keeping us waiting.