Betfred Sign Up Offer (2024) | How to Make £37.00 Profit

Description

Register an account with Betfred using the promotional code ‘SUMMER50‘. Deposit and bet £10+ on any sport to get £50 in free bets.

Key terms

Register with the promotional code ‘SUMMER50‘.
This promotion applies only to first deposits made using a debit card.
Minimum deposit of £10.
Minimum stake of £10 (must be your first bet).
Minimum odds of 2.00 (evens).
Your qualifying bet must settle within 7 days of registering.
Within 10 hours of settlement, you’ll receive the following:
- 3 x £10 free bets to use on any sports market.
- 2 x £10 free bets to use on accumulators (4+ selections).
The free bets will be valid for 7 days.
The free bet stakes will not be returned with any winnings.

Always check the terms of an offer yourself before placing any bets. Bookmakers can amend their terms at any time, so it’s always worth double-checking.

Account setup

MBB Special: £50 Amazon GIFT CARDS

Every signup via the link below will be entered into a free prize draw to win one of four £50 Amazon gift cards. Winners will be drawn 1st August 2024. T&Cs apply.

Matched Betting Blog receives a small commission when you sign up to Smarkets via the link above. It helps support the site and keeps it free for everyone to learn matched betting.

Deposit £10 using a debit card.
Switch to decimal odds.

Qualifying bet

Check the back odds at Betfred and the lay odds at Smarkets to find a suitable selection. Your qualifying bet must be placed at minimum odds of 2.00 (evens).
Use the ‘Qualifying Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your £10 qualifying back bet at Betfred (it must settle within 7 days of registering).
Place your lay bet against the same selection at Smarkets.

Free bets

Your 5 x £10 free bets will be credited within 10 hours of your qualifying bet settling. Three free bets will be valid on any sports market, and two will be valid on accumulators (4+ selections).
Check the back odds at Betfred and the lay odds at Smarkets to find a suitable sports selection.
Use the ‘Free Bet‘ setting on the Matched Betting Calculator to calculate your lay stake.
Place your first £10 free back bet on sports at Betfred (valid for 7 days after being credited).
Place your lay bet against the same selection at Smarkets.
Repeat steps 10-13 for your remaining 4 x £10 free bets.

Limit your qualifying loss to around £1 as a rough guide. Aim for £24 cash (80%) from your 3 x £10 free sports bets and £14 cash (70%) from your 2 x £10 free accumulator bets. Based on those figures, you should make a £37 profit on this Betfred offer.

General advice and example for ‘Bet X, Get Y’ offers

Place your qualifying bets at low odds, ensuring you meet any minimum odds requirement. Use the ‘Qualifying Bet’ setting on the Matched Betting Calculator to calculate your lay stakes.

Once received, you can convert any free bets or bonuses into cash. Use the ‘Free Bet’ setting on the Matched Betting Calculator to calculate your lay stakes. It’s best to place free bets at high odds to maximise your profits.

See my ‘Bet X, Get Y‘ guide for a complete walkthrough of this offer type.

How to lay a multiple bet

Your best option is to lay your multiple at Smarkets, as their platform allows you to build any multiple and lay it as one bet. Therefore, you can place your multiple bet at the bookmaker and then build and lay the same multiple at Smarkets.

See my ‘Laying Multiples‘ guide for a complete walkthrough.

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Bag profits every step of the way. About £600 from welcome offers, and another £500 monthly.
Make £15 from your very first offer.

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Got a question?
Leave me a comment below…

I usually respond within 24 hours.

Matt Kirman – Matched Betting Blogger

Since 2014, I’ve blogged over £85,000 worth of profit, and made it my mission to make matched betting accessible to everyone.

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Ed
Guest user

Hello Matt, just wondering if you can become a new customer after not having a bet for a few years as I did quite a few match bets back in 2013/14, I’ve managed to do a couple but some still have me on their books and wont let me register, regards, Ed.

+3
Reply May 27, 2022 at 3:38 pm
1. Matt
  1495
  
  It’s impossible to say, really, Ed. As you say, it will probably work with some bookmakers but not others.
  
  All you can do is try it and see.
  
  +3
  Reply May 28, 2022 at 7:21 am
Ed
Guest user

Ok, thanks Matt.

+3
Reply May 28, 2022 at 12:26 pm
ChocChipChoc
15

The Telegraph seems to be offering a variation on this sign-up promotion for £60 bonuses instead of £30, still with an initial £10 stake (unfortunately I didn’t spot it until after signing up with the £30 promotion):

You should receive £20 free bets for sportsbook, £10 free bets for lotto and 50 free spins to begin with, then 5 days later you should receive another £20 free bets (for sports, lotto or virtual).

+4
Reply November 10, 2022 at 2:29 pm
1. Matt
  1495
  
  Thanks for sharing this. I checked with Betfred, and the ‘TELE60’ promo code no longer works. However, they do have the same promotion running on promo code ‘BETFRED60’. You can find the promotion page here.
  
  With an external promotion (not advertised on their site), anyone looking to take it up may wish to check with Betfred beforehand that it’s still a valid offer.
  
  +4
  Reply November 10, 2022 at 9:46 pm
Morgan
Guest user

Just wondering what you’d suggest doing for the £20 acca seeing as Smarkets dont let you build lay builders.

+0
Reply April 1, 2024 at 3:23 pm
1. Matt
  1495
  
  Hi Morgan,
  
  You can build and lay accumulators at Smarkets. Please see my Laying Multiples Guide for a walkthrough.
  
  I hope that helps.
  
  +0
  Reply April 2, 2024 at 8:15 am
Moneyfornothing
0

With the money that you put onto the accounts when opening and getting the free bets. Do you leave that in there and treat it as an investment, rather than pulling it out?

Sorry for the dumb question.

+0
Reply April 3, 2024 at 6:10 am
1. Matt
  1495
  
  No questions are dumb, it’s always best to ask if you’re unsure of something.
  
  It’s entirely up to you whether you leave your funds in your account or withdraw them. On balance, it may be best to leave the funds in your account so it helps you look like a regular punter, but it depends on your situation. If you’re starting with a limited bankroll and you need the funds to complete other offers, it’s fine to withdraw them.
  
  I hope that helps.
  
  +1
  Reply April 4, 2024 at 9:20 pm
MLeigh
0

Thank you so much for your guides. I am a complete newbie to matched betting and betting in general so I am struggling with the £20 ACCA bet on the Betfred offer. I have read the guide but I am struggling with knowing how much money to put on Smarkets. Is there any way you could break it down for me a bit more, maybe with an example? Thank you for this website!

+0
Reply April 21, 2024 at 5:50 pm
1. Matt
  1495
  
  Hi there,
  
  You’re very welcome! It’s great to have you on board.
  
  You can lay an accumulator at Smarkets in one bet by building the same multiple bet you are placing your Betfred free bet on.
  
  Say, for example, you’re placing your Betfred free bet on Man City, Liverpool, Arsenal and Chelsea all to win. You simply head over to Smarkets and add those four teams to your betslip and lay it as one bet. You calculate your lay stake using the ‘Free Bet’ setting on the calculator.
  
  Please see my Laying Multiples Guide for a walkthrough.
  
  +0
  Reply April 22, 2024 at 4:16 pm
  1. MLeigh
    0
    
    Thank you for your response. I am working my way through the welcome offers and starting to get my head around it (kind of). One thing I keep stumbling over with the builders / accas is what if half my bet wins? So for example I bet on Arsenal, Chelsea, City & Villa to all win with the bookie and then on Smarkets place my lay bet against that. If Arsenal & Chelsea win but City & Villa lose then I have lost both bets and therefore the money twice? Am I missing something so obvious?
    
    +0
    Reply April 30, 2024 at 3:11 pm
    1. Matt
      1495
      
      You wouldn’t lose both bets. Your bet at the bookmaker would lose and your lay bet at Smarkets would win.
      
      When you lay a multiple at Smarkets, you’re laying it as one bet. In your example, your lay bet is betting that Arsenal, Chelsea, Man City and Aston Villa won’t all win. Therefore, you only need one of those teams to lose or draw to win your lay bet.
      
      I hope that helps.
      
      +0
      May 4, 2024 at 9:23 pm