Betfred Horse Racing Review

Betfred is an iconic British bookmaker that’s been serving horse racing punters since 1967. Founded in Salford, Greater Manchester by entrepreneur named Fred Done, Betfred has grown into a brand with a turnover of greater than £10 billion in 2018/19. Betfred horse racing markets have been available online since 2004 and it has been one of the most prominent sponsors of British horse racing events, namely the Ebor Handicap, the Cesarewitch Handicap, the Midlands National and, more recently, the Cheltenham Gold Cup.

Within this comprehensive Betfred review, you’ll discover the benefits available to first-time Betfred customers, the types of payment methods accepted for withdrawals and deposits, as well as an overview of the user experience for mobile bettors.

Betfred Promotions & Bonuses

Is there a Betfred new customer offer open to first-time users? Are loyal, existing customers rewarded with ad-hoc Betfred promotions to give you more bang for your buck? Below, we’ll explore the latest Betfred bonus offers to help you compare their benefits with other like-for-like online bookmakers.

Betfred Sign-Up Offers

New customers can secure Betfred free bet credits worth £60 by making an initial real-money wager of £10 on any sports event, including any horse race. The bet must be placed at odds of evens or higher. Once this wager is cleared, first-time bettors will get an initial £20 free bet, £10 in free bets for Betfred’s Lotto section, 50 free spins on any slot games within Betfred’s online casino and an additional £20 in free bets on the sportsbook.

Bet £10 Get £40 in free bets with Betfred!
Bet £10 Get £40 in free bets with Betfred!

Betfred Promo Codes

If you’re looking for an additional Betfred promo code, you might be waiting a while. That doesn’t mean their general promotions are lacking – far from it, in fact. Horse racing punters can get free bet bonuses on selected races if your picks finished second. They’ll even pay additional places on selected races for each-way wagers. In addition, if you like Lucky 63s, Lucky 31s and Lucky 15s, it’s possible to get 5x, 4x and 3x multipliers on your winning pick if only one of your selections win.

Betfred Loyalty Card

There isn’t any such thing as a Betfred loyalty card, however all Betfred account holders are enrolled into the Rewards 4 Racing program. This gives you a chance to collect loyalty points for every £1 you stake on horse racing bets. Use your points to pay for some impressive prizes and experiences, including raceday and hospitality tickets to premier race meetings across the UK.

Betfred Withdrawals & Deposits

As with any online bookmaker, it’s important to check how soon deposited funds will reach your Betfred account and how quickly withdrawn funds are cleared to your bank account or e-wallet.

Below, we’ll uncover the payment methods accepted by Betfred for both deposits and withdrawals alike.

Betfred Payment Methods

Payment Method Fee Processing Time
Visa/Mastercard Free Instant
Maestro Free Instant
PayPal Free Instant
Skrill Free Instant
Neteller Free Instant
Paysafecard Free Instant

Betfred Withdrawals Time

According to Betfred’s extensive FAQs section, it is required to send monies back to you via the original deposit method. If that’s not possible, alternative withdrawal methods are acceptable, although supporting evidence may need to be submitted to prove their legitimacy. Betfred aims to process same-day withdrawals wherever possible, but they are also subject to validation and security checks before being cleared into bank accounts and e-wallets. This can elongate the process to anything from one to five working days.

Betfred Licensing & Safety

Betfred covers both bases in terms of meeting licensing conditions for UK and overseas customers. In the UK, it is fully licensed and regulated by the UK Gambling Commission. It is also licensed by the Gibraltar Gambling Commissioner, which provides a strong regulatory framework for horse racing punters based outside the UK.

Betfred Devices & Live Streaming

Betfred Mobile Website Experience

The general mechanics of the Betfred website are considered somewhat dated compared with their online bookmaking counterparts. The layout and navigation are effective, if a little uninspiring. Luckily, the site is fully responsive, so its desktop site replicates well on your chosen mobile web browser.

Betfred Mobile App Experience

The Betfred app is available on both Android and iOS devices via the Play Store and App Store respectively. Although it boasts respectable review scores on both platforms, there have been multiple complaints from users of both operating systems regarding technical issues with the app. However, recent software updates from Betfred seek to address some of the problems exposed by customers.

Betfred Live Streaming Service

If you want to live stream the races you wish to bet on, Betfred is a credible option. It has a ‘Watch Live’ section that lists all available races with real-time broadcasts scheduled. This might not be every single race on a racecard, but it’s often the most important races, which should be enough for most casual punters. For horse racing and greyhound streams, you’ll also need to place a bet on the race to access the broadcast.

Betfred In-Play Betting

Betfred has upped its game when it comes to in-play betting. Its new Betstream interface makes it faster to submit betslips on desktop or mobile, while an upgrade to its live match statistics was long overdue. However, it still looks and feels like it lags behind some of its industry competitors, whose in-play data go far deeper and are more digestible than Betfred’s current offering. In-play betting is not offered on horse racing markets, which is no surprise given that only peer-to-peer sports betting exchanges like Betfair currently operate such markets.

Betfred Pros & Cons – Review Summary

Overall, Betfred remains a rock-solid option for horse racing betting online. It has been a staunch sponsor of major UK horse racing events for decades and remains committed to offering the best possible horse racing bet promotions for loyal customers. A ‘Best Odds Guaranteed’ commitment is also attractive to those who try to take early prices, with Betfred offering to pay whichever is the bigger return – the early price or the starting price.

Pros of Betfred Cons of Betfred
Fully licensed in the UK & Gibraltar Clunky, dated user interface
Bookmaking heritage dating back to 1967 Limited in-play betting statistics
Multiple horse racing-specific betting promotions
Conventional & e-wallet payment methods accepted
Impressive customer support for UK and beyond
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