Betfred Promo Code for 2024 - £40 in Bonuses

BetFred is a popular online sportsbook where you can place bets on all sorts of sports. This leading UK betting site is a worthwhile option for anyone looking to do some sports betting. If you’re thinking of becoming a member, take advantage of promo codes. These are short, alphanumeric codes that allow you to claim special bonuses for new customers.

On this page, we’ll explain how promo codes work in more detail. We’ll also share details of BetFred’s welcome package for new punters, plus we’ll show you how to sign up and place bets using your bonus. Carry on reading then use a BetFred promo code and get your betting experience off to a flying start.

Betfred’s Current Bonus Offer (use promo code WELCOME40):

Bonus offer

Bet £10 Get £50 in Bonuses

Get Code
  • Very well experienced service
  • Custom bet features available
  • Detailed blog on future events
Visit Site

Min. Deposit



Regulated by





Petfre (Gibraltar) Limited

Offer terms

New customers only. 09:00 on 08/03/24 – 17:30 on 15/03/24. Register with CHELT50. First bet £10+ at Evens (2.0)+ on Sports which settles before 23:59 on 15/03/24. Free Bets: £20 Horse Racing, £20 Football Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours. 7-day expiry. Eligibility & payment exclusions apply.

Read more

Deposit methods


New customers only. 09:00 on 08/03/24 – 17:30 on 15/03/24. Register with CHELT50. First bet £10+ at Evens (2.0)+ on Sports which settles before 23:59 on 15/03/24. Free Bets: £20 Horse Racing, £20 Football Acca & 50 x £0.20 (£10) Free Spins on Fishin’ Frenzy within 10 hours. 7-day expiry. Eligibility & payment exclusions apply. | T&C apply

What Are Promo Codes?

So what exactly is a promo code and what is it used for? A promo code is a short sequence of letters and numbers that, when entered into the right field, qualifies the user for a particular bonus. Lots of gambling sites routinely give out codes to encourage people to sign up and, hopefully, stay loyal to the site. BetFred is one of many online sportsbooks to do this.

Promo codes are easy to find: they’re usually listed somewhere in the text describing the corresponding promotion. In this text, you’ll find out what the promotion has to offer and the code will be there ready for you to copy or note down. You may also find promo codes for multiple gambling destinations listed on third-party websites. Details of their bonuses are given too. These sites often list hundreds, if not thousands, of codes. The idea is that people will visit, look through the offers and take advantage of the ones that appeal to them the most.

There are two types of sportsbook promotions that bonus codes can be used for:

  • Welcome Bonuses for New Punters. Most bonus codes are for welcome bonuses aimed at new customers. These encourage you to join a new site and try out some of its gambling opportunities with your bonus. The idea is that if you like the site, you’ll keep depositing money and spending it there
  • Limited-Time Offers for Existing Punters. Some bonus codes are for those who are already members of a site and have used up their welcome bonus. Sites like BetFred run lots of limited-time special deals including enhanced odds and free bets. Bonus codes for existing customers are given out to encourage people to keep spending money at the site and not sign up elsewhere

In this article, we’ll be focusing on BetFred bonus codes for new punters.

How to Use Bonus Codes

If you’ve never used a bonus code, don’t worry. Using them couldn’t be any easier. Later on, we’ll run through the full process of joining BetFred and entering your bonus code. For now, we’ll give you a brief summary of using your BetFred promotion code.

  1. First, you have to find a BetFred promo code – the current one is WELCOME40. Copy it or memorise it
  2. Next, head to BetFred and complete the registration process
  3. You should see a prompt inviting you to enter a BetFred promo code; simply paste or type yours in
  4. Meet the welcome offer’s requirements and you’ll qualify for the bonus

You shouldn’t have any problems using promo codes at BetFred. The site is well designed and doesn’t have much in the way of clutter, so finding your way around shouldn’t be much of an issue. Everything’s laid out in a clearly organised way.

BetFred’s Welcome Offer for New Punters

At the time of writing, BetFred’s welcome offer gives new punters the following bonus:

  • £30 in free bets
    • £20 to use on sports betting markets and £10 to use on lotteries; these bets are completely free to use and you don’t have to pay them back
  • 50 free spins
    • These can be used on four select slots and each spin is worth 20p, giving the spins a total value of £10. When you open up one of the four slots, the free spins will activate and you’ll start using them when you spin the reels
  • Another £20 in free bets
    • Five days after your qualifying bet has settled, you’ll receive £20 in free bets, providing you qualified for the initial set of bonuses; these new free bets can be used on sports markets, lotteries and virtual sports

This gives you the chance to place some bets and play some slots at no extra cost. Even though you’re not paying for the bets, they work as usual and if they win, you get paid real money. There doesn’t seem to be a limit on how big or small your bets can be when using the free bets.

Like the free bets, the free spins give you the chance to earn real winnings. However, each spin is worth 20p and this determines your payouts because with slots, the bigger your bet is, the higher your potential winnings are. Even though the winnings are somewhat limited, you still get a chance to win some real money for nothing, which many players will no doubt appreciate.

To earn these bonuses, you have to make a deposit and place a qualifying bet. We’ll explain the requirements in more detail in the next section.

Terms and Conditions

Every kind of sportsbook promo comes with terms and conditions. This is the fine print, where all the rules, requirements and restrictions to do with a bonus are listed. When you claim a bonus, you automatically agree to follow the terms and conditions. If you violate them in any way, you could have your bonus revoked. Should you violate them by doing something serious, you could even have your account shut down.

Sportsbooks, including BetFred, have general terms and conditions along with separate ones for each individual promotion. Before you claim a bonus, you should familiarise yourself with both the general terms and those especially for the promotion whose bonus you’re claiming.

Here are some of the main points in the fine print for the BetFred welcome offer:

  • Only available to those in the UK
  • Must be aged 18 or above
  • Your first deposit has to be £10 or more; making two separate deposits of £5 won’t count
  • Within 7 days of registering, you have to place a bet worth at least £10 with odds of evens or greater
  • Once this bet has settled, you should receive your £30 free bets and free spins within 10 hours
  • The free spins can be used on the following slots only: Eye of Horus, Eye of Horus Megaways, Fishin’ Frenzy and Fishin’ Frenzy Megaways
  • Free bets and free spins are valid for 7 days
  • Your first deposit won’t qualify if you’re using a prepaid Mastercard or Visa card, or if you’re using an e-wallet
  • Only one welcome bonus is given per customer

If you want to claim a welcome bonus using a BetFred promo code, make sure you’re familiar with its terms and conditions before claiming it.

Is BetFred’s Welcome Bonus Worth Claiming?

When you look through a bonus’ terms and conditions, the bonus may not seem as great as it once appeared. The fine print more often than not includes some limitations and restrictions. Some people don’t bother with bonuses because of these. However, many punters still claim them because of the value they bring and the extra opportunities to gamble they offer.

BetFred’s welcome offer is pretty good and it’s very much worth claiming. Even though you can’t claim it if you deposit with e-wallets or prepaid Mastercard/Visa cards, the bonus itself is of a decent value. It’s worth £40, which isn’t too bad at all. If you’re only interested in sports betting, you’ll still get to use £50 worth of free bets. You can still use the free spins if you want; if you don’t, you can just leave them and they’ll expire.

How to Claim Your Welcome Bonus at BetFred

In this section, we’ll run through the simple steps you have to take to claim your BetFred welcome bonus, using a promo code. First, it’s important that you meet the following criteria:

  • You’re aged 18 or above
  • You don’t already have an account with BetFred

If you’re 17 or younger, you’re below the legal online gambling age in the UK and therefore won’t be allowed to sign up. If you already have an account, you’ll have to continue using it – if you’ve already claimed the welcome bonus through this account, you won’t be able to do so again. Everyone’s allowed one account only. Attempting to create multiple accounts will result in you being completely blocked from BetFred.

So, if you’re 18 or older and you haven’t set up a BetFred account, you should be able to claim your welcome bonus using your BetFred promo code without any problems. There are three steps to take:

  • Creating Your BetFred account
    • The first step, of course, is to complete the site’s registration process and get your account set up. This is quick and easy
  • Making a Deposit
    • Next, you’ll have to add some funds to your newly created BetFred account. The site accepts plenty of widely used payment methods for making deposits
  • Placing Your Qualifying Bet
    • To qualify for the welcome offer, you’ll have to make a qualifying bet. Once you’ve done this and the bet has settled, your bonuses will be credited to your account

Below we’ll go through each of these three steps in more detail.

Creating Your BetFred Account

  1. Visit BetFred and click the green ‘Register’ button in the top right-hand corner
  2. This will bring up the registration form that you’ll have to fill out; you’ll start by creating a username and password for your account
  3. After a few pages, you’ll see a prompt asking you if you have any BetFred promo codes to enter. If you do, click the plus sign button and a separate form will appear.
  4. Enter your BetFred promotion code WELCOME40 and click the ‘Register’ button to have your account set up

Making a Deposit

  1. When logged in, click the green ‘Deposit’ button in the top right-hand corner of the screen
  2. Scroll down and select one of the deposit options listed
  3. Enter the required details along with the amount of money you want to deposit, then click to confirm
  4. The money should be added to your BetFred account immediately. Once it’s there, you’ll be able to spend it on bets

Placing Your Qualifying Bet

  1. If you’re not already at the sports betting section, click the ‘Sports’ tab to be taken there
  2. On the left is a column with the sports betting options; click ‘All Sports’ if the sport you want to bet on isn’t displayed. Select your preferred sport and the current betting options for it will be shown in the middle of the screen
  3. Find a bet you want to place and you’ll see the current odds on the right. Click on these
  4. The bet will be added to your bet slip in the right-hand column. Enter your stake and click to confirm. Your bet is now placed

Spending Your BetFred Welcome Bonuses

When you receive your bonuses after using the BetFred promotion code WELCOME40 and qualifying, you’ll have lots of freedom when it comes to using them. The free spins, as mentioned earlier, are only usable on four slots. The free bets, however, aren’t as heavily restricted.

Whatever sports and other events you enjoy watching, you should find more than enough options to suit your tastes at BetFred. Here’s a sample of the many sports you can bet on at BetFred:

  • Boxing 🥊
  • American Football 🏈
  • Snooker 🎱
  • Rugby League and Rugby Union 🏉
  • Football ⚽
  • Horse Racing 🏇
  • Golf ⛳

Be sure to spend your free bets wisely. Think about what you’re betting on before you confirm your bet. It’s not worth just using your free bets on anything; it’s best to use them on something you genuinely think might earn you a win. Determining what’s likely to win is easier said than done, but it helps to do some research and look at statistics. The more knowledge and awareness you have, the better your decision-making will be; in turn, the more likely your bets will be to win.

Betting at BetFred

Once you’ve received your bonuses, you’ll no doubt be itching to use them. When it comes to placing bets at BetFred, you just follow the same steps you did when placing your qualifying bet. Select one of the options in the left-hand column, choose one of the bets displayed in the middle of the screen, enter your wager into the bet slip and click to confirm.

Once your bet has been placed, you’ll have to wait for it to settle to see whether or not you’ll get paid. A bet is considered settled once its outcome is determined. So, for example, if you’re betting on Team A to win the match, this particular bet will only be settled once the match has ended and the final outcome has been confirmed. The time it takes for your bet to be settled depends on what it is you’re betting on.

As mentioned previously, the left-hand column is where you’ll find the betting options. Not all of them are listed; you have to click ‘All Sports’ to view them all. This brings up a list of options in the middle of the screen. There are over two dozen main options to choose from. You should easily find plenty of sports events and other sorts of events to bet on.

Why BetFred?

There are loads of online sportsbooks that people in the UK can access and gamble at. So why BetFred? What is it about this particular sportsbook that makes it worthwhile? Here are a few key reasons why BetFred is one of the best options:

  • It has a wide range of betting markets
    • Join BetFred and you’ll have access to lots of different betting opportunities. The number of sports and other events you can bet on is large and the range of options is broad. From international tournaments to national competitions, regional matches and everything in between, there are enough options to suit all tastes
  • It’s a safe, fully licensed site
    • Every type of gambling site operating in the UK should be licensed by the UK Gambling Commission. BetFred is indeed licensed by this organisation. Furthermore, the site takes all the necessary steps to protect players as well as their data and money, including using SSL encryption, the industry standard
  • It accepts plenty of payment methods
    • It’s important for betting sites to accept a good number and range of payment methods. This is so that as many punters as possible can easily add money to their accounts and make withdrawals. BetFred lets you use quite a few payment methods from Visa and Mastercard to Neteller, Skrill, Paysafecard and PayPal. Deposits are instant but withdrawals can take up to 48 hours to process
  • It has a reliable customer support system
    • When you’re at BetFred, nothing major should go wrong. However, it’s good to know that help is readily available just in case. There’s a help section with common questions and their answers listed. If this doesn’t solve your issue, contact the support team, which you can do by live chat, email and phone. Live chat is available 24/7 and the phone line is open from 8 a.m. to 8 p.m. daily
  • Its mobile betting options are well designed
    • If you want to gamble while on the go, or even just keep an eye on betting markets, BetFred is a great choice. The mobile site is very well designed and offers both smartphone and tablet users an easy way to do their sports betting on the move. There are also apps for iOS and Android devices that are just as well designed and come with plenty of features

About BetFred

BetFred is a well-established UK gambling company with an extensive history and an excellent reputation. It was founded by Fred Done in 1967 and started off with a single betting shop in Ordsall, Salford. He was able to finance the building of the shop after winning a bet on the 1966 World Cup.

The company steadily grew, acquiring more and more existing betting shops and building new ones of its own. By 1997, there were a hundred BetFred betting shops in existence throughout the UK. Just three years later in 2000, this number had doubled.

2004 was a big year for the company. There were three significant milestones:

  • This was the year it first started using the name BetFred; it had previously been known as Done Bookmakers
  • It’s also when the company launched its website, which focuses on sports betting but also offers several other types of gambling
  • Finally, a customer scooped £1,132,657 on a winning bet in a BetFred betting shop in Salford; this made him the very first person to have become a millionaire from gambling at a betting shop.

Nowadays, BetFred is a reputable and well-known company that’s experienced lots of growth. It has some 1,480 betting shops and its website continues to attract keen punters and gamblers from around the UK. The shops and website combined generate billions of pounds in annual revenue.


BetFred is a top UK online sportsbook with lots of betting opportunities available. If you’d like to become a member of this sports betting site, be sure to use the BetFred promotion code WELCOME40. With this, you’ll be entitled to some free perks when you join and make a qualifying bet. Sign up and make the most of your free BetFred bonuses today.

With your free bets, you can place wagers on some top sporting events from around the world. With the free spins, you have the chance to try out some popular slot games. Both bonuses – the bets and the spins – have real-money winnings up for grabs. Let’s hope you get lucky and manage to win. If you don’t, you’ll still have a great time discovering everything BetFred has to offer.

About the author

John McAddams


John McAddams


John McAddams has been in the sports betting industry for 15 years, working with Flutter and Entain aswell as freelance work for various sports blogs he now lends his hand here at Findbettingsites. An expert on football and horse racing, John brings a wealth of experience and knowledge to our site.