Betfred Bonus & Review

 Within the UK, Betfred stands as a leading sportsbook, and this has been the case for a number of years now. This innovative platform has built a reputation for providing some stand-out promotional offers, betting odds, and an overall seamless experience for its users, leading to its becoming a staple of the sports betting world. In order to understand everything that comprises the Betfred experience, Racing TV has taken a dive into all aspects of this brand and its platform, offering a detailed look into what this bookmaker brings to the table, especially for horse racing enthusiasts.

Betfred is an iconic British bookmaker who’s been serving horse racing punters since 1967. Founded in Salford, Greater Manchester, by an entrepreneur named Fred Done, Betfred has grown into a brand that is now one of the leading names in the sports betting scene. 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.

Joining Betfred is a simple process that only requires new users to complete a couple of easy steps. These are as follows:

Once all of this has been done, users will then have an account set up at Betfred. However, before any bets or deposits can be made, new sign-ups must first complete some additional verification steps, with this either requiring proof of ID or address to be submitted.

Regarding the horse racing betting markets provided by Betfred, there are a number of options provided here; however, this differs from race to race. All races that day are categorised by both racecourse and the time each chase at that track begins, allowing users to easily navigate the platform and find the race they are looking for. Upon selecting a race, users can then select between the usual win and each-way bets, with these being the standard for those who wish to bet on horse racing results.

In addition to this, select horse racing betting markets at Betfred may also have forecast options available to users, allowing them to select the order in which certain horses may finish. All racecards at Betfred contain the odds of each horse, its current form, the runners' age, and its weight. What’s more, certain events will even have horse racing tips and 

course info available, with this giving a more complete experience to horse racing bettors.

One main area in which Betfred is especially favoured is their betting odds. Across all major sports, including horse racing, the platform delivers competitive prices for all of its participants and runners. As the market develops in the lead-up to the race, the odds of runners will fluctuate to mirror both trends and the probabilities of them winning. By standard, all odds on Betfred are displayed in the fractional format; however, users can sensibly switch between this, decimal, and even American odds by accessing the settings menu. In turn, the overall user experience provided by Betfred can be tailored even more for the users. 

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.

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. Racing punters could get horse racing free bets on selected races if their picks finish 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 a potential winning pick if only one of your selections wins.

There isn’t any such thing as a Betfred loyalty card; however, all Betfred account holders are enrolled in the ‘Rewards 4 Racing’ program. This gives users a chance to collect loyalty points for every £1 they stake on horse racing bets. These points could potentially be used to unlock some impressive prizes and experiences, including race day and hospitality tickets to premier race meetings across the UK.

✔ Great sign-up bonus that is valued up to £50.

✘ The sign-up promo isn’t exclusively for sports, and there are no promo codes for Betfred either.

If you want to watch horse racing live, 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 bettors. However, for horse racing streams, you’ll also need to place a bet on the race to access the broadcast.

Betfred has upped its game when it comes to in-play betting. Its new ‘Betstream’ interface makes it faster to submit bet slips 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 in horse racing markets, which is no surprise given that only peer-to-peer sports betting exchanges like Betfair currently operate in such markets.

There are also certain betting features at Betfred, especially related to horse racing too. On certain events each day, these will be designated as ‘Winnings Boost’ races. If placing a single bet on one of these, the returns the bet could potentially payout are boosted by 10%, a simple addition that adds more dynamism to specific horse racing racecards. Furthermore, Betfred also provides ‘Best Odds Guaranteed’ to specific races each day, something which may be attractive to those who try to take early prices. In addition to this, Betfred also offers to pay whichever is the bigger return – the early price or the starting price.

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. For payment methods, all of the most common ones you will likely be familiar with are available, including debit cards such as Mastercard and Visa, Neteller, Skrill, PayPal and e-wallets such as PaySafeCard. In addition to this, direct bank transfers can be used for payments and withdrawals; however, it is worth noting the minimum amount for such transactions could vary from one method to another.

According to Betfred, they are required to send funds back to you via the original deposit method when making withdrawals. 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. As a result of this, the withdrawal process could potentially be extended to between one and five working days. However, if the same payment method is used for all transactions, the waiting period is greatly reduced. 

The customer support options provided by Betfred are extensive and cover a whole number of bases. First off, users can access a live chat on the site and mobile app’s main menu, which allows them to get in touch with a support member directly should they have any queries regarding the platform or run into any potential issues. If this is not your preferred channel, however, there are also direct phone lines open on weekdays, which users can call to get assistance. Furthermore, if email is your preferred channel, Betfred also has a contact address that users can submit questions to as well, with responses being prompt.

On the Betfred site, there is also an extensive page dedicated to various FAQs and their corresponding answers. Everything from logging in to making payments on the platform is covered in this section, with all of this being conveniently categorised to help users find the answers they are looking for quickly and easily.

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. 

✔ Up to £50 in bonus funds that could be claimed via the main sign-up promo.

✔ Frequent promotional offers ran specifically around horse racing.

✔ Variety of payment methods available, including all the most common options.

✔ Plentiful customer support channels.

✘ Limited in-play betting statistics compared to competitors. 

✘ A somewhat dated user interface. 

✘ Lengthy withdrawal periods of users don’t use the same method as deposits.