TOP BETFRED PROMOS & BONUSES: NOVEMBER 2024

1. Which Types of Sportsbook Promos Does Betfred Offer?

Betfred offers a variety of sportsbook promos to enhance your betting experience. Some of the types of promos are:

1. Bonus Bets: With a Bonus Bet, the sportsbook will gift you bonus site credit after you place a bet as a reward. This is the most common form of welcome bonus.
   
   For Example: Bet $5 and receive a $150 Bonus Bet.
   
   Also Known As: Bonus bets, "bet x get x" offers, free plays, bonus credits.
   
   
   
2. No Sweat Bets: With No Sweat Bets the sportsbook will refund your stake if your bet loses (usually in the form of a Bonus Bet).
   
   For Example: A sportsbook is offering a $100 risk Bonus Bet. If you wager $100 and win, you take the winnings. If you lose, you are refunded your $100 as a Bonus Bet.
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: With a deposit bonus, the sportsbook will offer an additional percentage bonus on top of your initial deposit amount.
   
   For Example: If the offer is a 50% deposit bonus and you deposit $100, the sportsbook will offer you an extra $50.
   
   Also Known As: Deposit Matches.
   
   
   
4. No Deposit Bonuses: As the name suggests, no deposit bonuses don't require a deposit to be gifted.
   
   For Example: With a $300 no deposit bonus, after you sign up the sportsbook will immediately fund your account with $300 (usually in the form of a Bonus Bet).
   
   Also Known As: No deposit cash.
   
   
   
5. Reload Offers: Unlike welcome bonuses, reload offers are promos that can be offered to users at any time, rather than just once they've signed up. They can come in many forms, from Bonus Bets to enhanced odds.
   
   For Example: Bet at least $10 every week of the World Cup and receive a $50 Bonus Bet for the final.
   
   Also Known As: Reload bonuses, ongoing offers.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to a person’s profits on a wager should they win.
   
   For example: If the sportsbook adds a 50% profit boost to a game and you earn $100 profit from it, the sportsbook will up your profit to $150.
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: With odds boosts, the sportsbook enhances the odds on a certain bet (usually a prop bet). This enables bettors to earn higher winnings from the same stake.
   
   For Example: Houston Astros & Colorado Rockies both to win, was +190, now 240+.
   
   Also Known As: Enhanced odds, price boosts.
   
   
   
8. Parlay insurance: Users get their stake back as a Bonus Bet if one leg of their parlay bet loses.
   
   For Example: Place a 3+ leg same game parlay on any sport and if only open leg loses, get a refund in site credit (max $25).
   
   Also Known As: Parlay promo, parlay cover.
   
   
   
9. In-Play Bonuses: Bonuses for placing live, in-play bets during an event.
   
   For Example: Bet $50 in-play and receive a $20 Bonus Bet.
   
   Also Known As: LIve bet bonuses.
   
   
   
10.  VIP Programs: Certain sportsbooks offer VIP programs that reward loyal customers with additional perks. These can range from extra promos to complimentary cruises and tickets to sporting events.
    
    For Example: Barstool's old PENN Play Program offered an annual Las Vegas stay package at M Resort Spa Casino for Owners Club members.
    
    Also Known As: VIP schemes, loyalty programs.

2. Is Betfred Legit?

Yes, Betfred is a legitimate sportsbook established in the U.S. in 2019. Originating from the United Kingdom, Betfred entered the U.S. market by launching its online sports betting platform in several states.

With a history dating back to 1967, Betfred has decades of experience in the sports betting industry, offering a wide range of betting options on sports like football, basketball, baseball, and more.

Its entry into the U.S. market signifies its commitment to providing a trusted and reputable platform for American bettors, regulated under state laws to ensure fairness and transparency.

3. Which States is Betfred Legal in?

Betfred has expanded its legal presence across many states in the U.S., offering bettors a platform for engaging in sportsbook promos.

1. Arizona: Betfred Sports became legal in 2021, following the passage of legislation allowing sports betting in the state. Its entry marked a significant expansion of sports betting options for Arizona residents.

2. Colorado: Betfred Sports entered Colorado in 2020, capitalizing on the state's early adoption of sports betting legalization. Its arrival provided bettors with another reputable option in the competitive market.

3. Iowa: Betfred Sports launched in Iowa in 2020, leveraging the state's favorable regulatory environment for sports betting. Its introduction offered Iowa residents a trusted platform for engaging in sports wagering activities.

4. Maryland: Betfred Sports became legal in Maryland in 2021, coinciding with the state's approval of sports betting through a voter referendum. Its arrival signaled the beginning of a new era for sports betting enthusiasts in Maryland.

5. Louisiana: Betfred Sports entered Louisiana in 2021, following the state's legalization of sports betting through a ballot initiative. Its launch provided Louisiana residents with access to a reputable sports betting platform.

6. Pennsylvania: Betfred Sports launched in Pennsylvania in 2019, shortly after the state legalized sports betting. Its early entry into the market established Betfred as a prominent player in Pennsylvania's sports betting landscape.

7. Virginia: Betfred Sports became legal in Virginia in 2021, coinciding with the state's approval of online sports betting. Its introduction offered Virginia residents a convenient and regulated platform for sports wagering.

8. Washington: Betfred Sports entered Washington in 2021, taking advantage of the state's legalization of sports betting through tribal gaming compacts. Its arrival expanded sports betting options for Washington residents.

9. Ohio: Betfred Sports became legal in Ohio in 2021, following the state's approval of sports betting legislation. Its entry into the market provided Ohio residents with another trusted option for sports wagering.

10. Nevada: Betfred Sports has been legal in Nevada since its inception in 2019. As a longtime hub for sports betting, Nevada's market offered Betfred a solid foundation for establishing its presence in the U.S.

4. Does Betfred Offer Sportsbook Promos for New Users?

Betfred offers sportsbook promos specifically designed for new users every month. These promos, often referred to as welcome bonuses or signup bonuses, are some of the most generous offers the sportsbook provides. 

You can find Betfred's best sportsbook promos for new users at the top of this page.

5. Does Betfred Offer Promos for Existing Users?

While not as generous as their welcome bonuses, Betfred does offer promos for existing users. These promos, often referred to as reload offers or ongoing offers, come in various forms. They commonly include profit boosts, enhanced odds, and bonus bets.

If you’ve already used all of your welcome bonuses, check out how you can maximize the profits you can make from promos as an existing user here.

6. How Can I Claim Betfred Promos & Codes? 

To claim Betfred promos, follow these steps:

1. Create an Account: Start by signing up for an account on the Betfred platform.

2. Browse Promotions: Navigate to the promotions section on the website or app to view available offers.

3. Read Terms and Conditions: Carefully review the terms and conditions of each promo to understand eligibility criteria and requirements.

4. Choose a Promo: Select a promotion that interests you and meets your betting preferences.

5. Redeem Promo: Follow the instructions provided to redeem the promo, which may involve entering a promo code during registration or deposit.

6. Meet Requirements: Ensure that you fulfill any specified requirements, such as making a qualifying deposit or placing a qualifying bet, to activate the promo.

7. Enjoy Benefits: Once you've successfully redeemed the promo, enjoy the benefits it offers, whether it's bonus funds, Bonus Bets, enhanced odds, or other rewards.

While this process of claiming promos is generally a pretty standard one, you can still end up risking your cash if you lose the game you wager on. However, there is one method you can follow when claiming promos that will guarantee you profit from your offer each and every time (see section 14). 

7. What Was Betfred's Most Generous Promo Ever? 

Betfred's most generous promo offer to date was likely their "100/1 Welcome Offer" during major sporting events.

This promotion offered new customers enhanced odds of 100/1 on select outcomes, such as a specific team winning a championship or an underdog securing a victory. This substantially boosted potential winnings for new users, attracting a surge of sign-ups and bet placements.

With such enticing odds, this promo stood out as one of Betfred's most generous offers, providing an excellent opportunity for bettors to capitalize on significant sporting events with minimal risk.

8. How Good is Betfred's VIP Program?

Betfred VIP Program Perks:

1. Personal Account Manager: VIP members are assigned a dedicated account manager who provides personalized assistance and support for their betting needs. This ensures a high level of service tailored to individual preferences.

2. Exclusive Promotions: VIP members gain access to exclusive promotions and offers that are not available to regular users. These promotions often include higher bonuses, enhanced odds, and special rewards tailored to VIP members' preferences.

3. Faster Withdrawals: VIP members enjoy expedited withdrawal processes, allowing them to access their winnings more quickly compared to regular users. This perk enhances the overall convenience and efficiency of the betting experience.

4. Invitations to VIP Events: Betfred VIP members receive invitations to exclusive VIP events, such as sporting events, hospitality experiences, and VIP parties. These events provide opportunities for networking, entertainment, and memorable experiences outside of traditional betting activities.

5. Luxury Gifts and Rewards: VIP members receive luxury gifts and rewards as tokens of appreciation for their loyalty and continued patronage. These gifts may include gadgets, holiday packages, and other high-value items, adding an extra layer of excitement and prestige to the VIP experience.

6. Higher Betting Limits: VIP members often benefit from higher betting limits compared to regular users, allowing them to place larger bets and potentially win bigger payouts. This perk caters to high-stakes bettors who seek maximum flexibility and opportunities for large-scale wagering.

Overall, the Betfred VIP Program offers a comprehensive suite of perks and benefits designed to enhance the betting experience for high-value customers, fostering loyalty and providing a VIP experience that goes above and beyond standard offerings.

9. What Sports & Leagues Can I Claim Betfred Promos On?

10. Do You Need a Promo Code to Claim Betfred Promos?

While some Betfred promos require a code to be claimed, most of their promos in fact do not. And can be unlocked by anyone by following a few simple steps. 

For sign-up bonuses/welcome bonuses, this will usually require signing up to the sportsbook using the correct link, depositing and making your first bet. Whereas for ongoing offers you may need to opt-in to certain promos and seek out special reload bonuses sent to you via email.

However, these steps can differ depending on the promo type you’re using, so always make sure to read the T&Cs attached to the offer. Or better yet, remove the risk and learn the method you can use to convert promo offers into guaranteed cash every time (see section 14).

11. What T&Cs Does Betfred Have For Promos & Codes? 

12. What are the Pros and Cons of Betfred?

Betfred is a popular sportsbook among sports bettors. Below we have listed some of the pros and cons of Betfred:

Pros:

• Wide range of sports and leagues
• Competitive odds
• Live betting options
• Secure and reliable
• Established reputation
• Generous promotions
• Available in a lot of states

Cons:

• Although Betfred is available in a lot of states, it is still not legal in all of them
• Different wagering requirements

13. Are There Any Risks With Betfred Promos?

While claiming sportsbook promos with Betfred can be a great way to maximize your betting profits, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 Bonus Bet, a $1,000 risk Bonus Bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through No Sweat Bets. Let's say you're gifted a $500 risk Bonus Bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a Bonus Bet). Place this Bonus Bet on the losing side and you've just lost $500 to the sportsbook. 
  
  
• Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from each sportsbook (when you first create an account). This means that there's only a set number of sign-up bonuses available to each user. As a result, relying purely on these may not be a sustainable long-term plan.
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can guarantee profits from sportsbook promos risk-free, every time.

Sound too good to be true? Read the next section. 

14. How to Guarantee Profit From Betfred Promos

While it's true risks can arise when claiming sportsbook promos, one clever technique exists that can remove them and guarantee you profits from Betfred promos every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

15. Why Choose ProfitDuel?

At ProfitDuel we have over 10 years' experience in the matched betting industry at the highest level. In that time we've helped 400,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month converting sportsbook promos.

How exactly? By taking the complex-sounding promo conversion process we touched on in the last section, and creating intelligent software, easy-to-follow strategies and expert one-to-one customer support to make it insanely simple. 

Not sold yet? Read the 5 simple steps to converting sportsbook promos in our free guide to see just how easy it can be to add $1,000s to your monthly income.

When you've done that and you're ready to start earning guaranteed profits, sign up to ProfitDuel using our limited-time offer: 50% off your first month of ProfitDuel!