Betfred Review

Betfred has been around since 1967, when it was a one-shop operation that was started by its founder and namesake Fred Done (and brother Peter). From a single shop bookie, Betfred have evolved into a popular online bookie and grown their betting shops from one to over 1300 retail outlets. Their growth strategy has been one that allows them to grow naturally, as well as through acquisitions of other books. Betfred most recently acquired the Tote (2011). Betfred is famous for providing punters with value in their lines and many bonuses. They serve as the main betting partners of the Wembley National Stadium and sponsor numerous races held throughout the UK.

Specials at Betfred

When you arrive at Betfred’s website via your computer or mobile, Betfred has a £50 free bet waiting for you. Open an account with Betfred, make a deposit with one of their approved payment methods, and place your first bet. Once you have placed your first bet, Betfred will match that bet on the whole of the amount wagered, up to £50. The credited free bet can then be used on any sports punt, on virtual sports wagering, in the lotto, or on Betfred mobile. You must use this free bet within thirty days of receipt.

Moving Money at Betfred

You can deposit at Betfred via US Dollars, British Pounds Sterling, and the Euro currencies – although not all currencies are accepted by all of the available deposit methods. Punters can immediately fund their betting accounts at Betfred in any of the accepted currencies by making a bank transfer, sending a cheque by mail, submitting an e-cheque, and by Skrill, PayPal, NETeller, debit card, or credit card. You can also stop in at one of the Betfred shops to load up your online betting account. However, the Betfred shops only accept British Pounds.

When it comes time to cash out winnings, Betfred provides several convenient means to take profits. They will approve credit card and debit card withdrawals. However, they require a copy of the front and back of the underlying card. They will only process cash outs in this manner if the exact card was used for deposit. The funds are cashed out on the same day and made available to you within one to three business days.

Whilst this is the case for most credit card withdrawals, Betfred is unable to process cash outs via International MasterCard. Cash outs requested through NETeller, Skrill, and PayPal are both processed and received within 24 to 48 hours in most circumstances. Cash out by cheque runs from five to thirty days’ time and will arrive via post. They also allow for payment via bank transfer. Betfred will cover the tab for one bank transfer every 28 days. However, the customer may be charged for additional transfers and will be charged for “priority processing”. Finally, should you wish to make a withdrawal from your online betting account, you can call a local Betfred shop. However, if the cash out request is over £250, you need to call them two days in advance to arrange and situate the withdrawal. You can contact Betfred at 0800 783 9146 to arrange for an in-person cash out.

Betfred Markets

Betfred offers many different highly competitive markets. Whilst most lines are worth a look, the Betfred racing lines are the most attractive – especially to thoroughbred enthusiasts. Betfred offers a Lucky 63 bet, which requires only one winner out of 63 different bets to produce a return. The Betfred Lucky 63 bet consists of six single bets, fifteen double bets, twenty trebles, and fifteen four-fold, six five-fold, and a single six-fold accumulator. A winning Lucky 63 bet at Betfred produces a return of 63 to 1. However, if you have just one winning bet on the Lucky 63, Betfred will pay out the winning bet at a rate of five times the stated odds. This means a six to one winning bet pays at thirty-to-one instead! A single winner on a Lucky Fifteen bet pays at a three time multiple, so if horseracing is your thing then Betfred is your place to have a punt!

Betfred are the official betting partners of both the Wembley National Stadium and the FA Cup. As you would expect from a betting partner, you will find great deals that you cannot get anywhere else. The odds of these matches in terms of outright winners are often slightly better for you than they are at other online bookies. In addition to the outright lines, Betfred’s odds are selectively better for markets such as first goal scorer, anytime goal scorers, wincast, and first booking lines. This means that when you are betting football matches, Betfred is one of the first sports books you should check.

In addition to finding value in FA Cup matches, you will selectively find great lines within Premier League, the Championship, the County Championship Divisions (cricket), ATP & WTA (tennis), American professional & college football, basketball, golf, Super League (Rugby), and the World Snooker Championship. Should you wish to play poker games or casino games like blackjack, slots, live dealer roulette, or bingo – you can do that at Betfred as well. Each of these games has a special bonus included. If you play the casino, you get a match bonus on deposits up to £500. The Betfred poker room gives a welcome bonus match on deposits up to £250 and the bingo hall chips in up to £30 in match bonuses. You can bet or play anything at Betfred via your computer or by way of mobile phone.

Overall Conclusions

Betfred provides attractive markets and great value. They are amongst the more ethical and respected bookies in the UK and carry licencing issued by the Gibraltar Gambling Commission. They offer better than average lines on thoroughbred racing, FA Cup matches and select football bets. We rate them amongst the best overall bookies and suggest adding Betfred to the list of online bookies at which to comparison shop and maintain a cash balance.