Betfred Promo Code LSRBONUS 2023

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Betfred Promo Code for June 2023

Betfred Sportsbook has a great welcome bonus for new users. Register for Betfred Sportsbook and enter the Betfred Sportsbook promo code LSRBONUS  you’ll have the chance of claiming up to $1,111 in bonus bets. Keep reading to learn exactly how this somewhat complex welcome offer works so you can take full advantage of it.




Bet match


with $50 bet

50% weekly refund


for five weeks



Legal in


States Offered


Betfred Promo Code Terms and Conditions

Here’s a quick rundown of the Betfred Sportsbook welcome bonus, followed by a real-world example of how it works.

  • Sign up and enter the Betfred online sportsbook promo code LSRBONUS.
  • Make a deposit and place a bet of at least $50.
  • When that bet settles you’ll get a $111 bonus bet, referred to as a Fred Bet at Betfred Sportsbook.
  • Then, for the following five weeks, you’ll get 50% back on your weekly losses for up to a maximum of $200 each week.
  • So, the to receive $200 back, you will need to lose $400 in one week.
  • Also, not all bets qualify for this offer, here are the bets that are not eligible:
    • Futures, odds boosts, voided and/or canceled bets, bets at odds of +300 or longer, bonus bets.

We understand that might seem a little confusing, so here’s an example of how it works:

You join Betfred Sportsbook on Monday and place a $50 bet on a game that night. The next day you’ll have a $111 bonus bet waiting for you. Betfred now totals your net losses each week (Monday-Sunday since you joined on a Monday). If you end up losing money for a week you’ll get half of that total back as a bonus bet up to the max of $200 per week.

Terms and conditions apply to all offers. Please see Betfred Sportsbook for details. 21+ Gambling Problem? Call 1-800-GAMBLER+


On top of the current $111 welcome offer at Betfred Sportsbook, you’ll find several promotions and odds boosts at the online sportsbook each and every day. You’ll also automatically earn Betfred Rewards points for every bet you place and be eligible for exclusive offers, ticket giveaways, and more. Here’s what else you can find at Betfred Sportsbook on June 8, 2023.

Betfred Welcome Bonus

Promo: New users can claim up to $1,111 in bonus bets.

Sign up using the Betfred Sportsbook code LSRBONUS, and get $111 when you make a qualifying $50 wager. Then get up to a 50% refund on your losses, up to $200, a week for five weeks.

Valid thru: June 2023

Betfred Boosted Bets

Promo: Check out the Betfred Sportsbook app for daily odds boosts.

Each day you’ll find odds boosts on the Betfred app. Some boosts are available nationwide, while others are tailored to your state.

Valid thru: June 2023

What are Fred Bets?

You might be confused when you see Fred Bets, but they’re simply what Betfred calls its bonus bets. Fred Bets cannot be redeemed, they must be wagered. Also, you do not get your stake back if you win with them, only the bet’s winnings transfer into your account.

Valid thru: June 2023

Betfred Sportsbook is a UK-based bookmaker, that has slowly been expanding its services throughout the US. Sign up with Betfred Sportsbook in June 2023 and receive up to $1,111 in welcome bonuses when you use the Betfred bonus code LSRBONUS.

Betfred is available in Ohio, Arizona, Colorado, IowaPennsylvania and Virginia and could be online in Louisiana and perhaps other states in 2023. Betfred offers plenty of promotions for existing customers.

During the course of this Betfred Sportsbook review, we’ll explain exactly how the welcome offer works, we also will walk you through signing up, making deposits, placing bets, withdrawing funds and contacting customer service. Simply put, you’ll be a Betfred betting expert by the time you’re through.

Additionally, Betfred Sportsbook has apps that are available for iOS and Android mobile devices available.

Betfred Sportsbook Ohio

Betfred Sportsbook launched on January 1, 2023, in Ohio. When you sign up with Betfred Ohio using the Betfred Sportsbook Ohio promo code LSRBONUS, you’ll get up to $1,111 in bonus bets, or Fred Bets as they’re known at Betfred. Check out the table below for full details on how this special welcome bonus works.

Betfred Sportsbook Ohio Promo CodeLSRBONUS
Maximum Welcome BonusUp to $1,111 in bonus bets
Bonus No. 1Bet $50, get $111 in bonus bets
Bonus No. 2Get a 50% weekly refund for up to $200 each week
Available for the first five weeks
Launch DateJan. 1, 2023
Last updatedJune 8, 2023
OH only. 21+.Gambling Problem? Call or text 1-800-GAMBLER
Get Up To $1,111
In Fred Bets at Betfred Sports
Top Features
Bet $50 Get $111
Get $200 a Week for 5 Weeks
Use Promo Code: LSRBONUS
Get Up to $1,111 Bonus at Betfred Sports!

Betfred Sportsbook Virginia now live

Betfred Sportsbook launched in Virginia in February 2023, giving Virginians another great online sports betting option.

Sign up with Betfred Virginia using the Betfred promo code LSRBONUS and you’ll be eligible to claim up to $1,111 in welcome bonuses. The bonus comes in the form of bonus bets, aka Fred Bets, and comes with some requirements. Check out the table below for complete details.

Betfred Virginia Promo CodeLSRBONUS
Total Welcome BonusUp to $1,111 in bonus bets
Bet & Get OfferBet $50, Get $111 in bonus bets
Refund Offer• 50% back per week, max $200/week, for five weeks
• Refund comes as bonus bets
Launch DateFebruary 2023
Promo Valid As OfJune 8, 2023

Is the Betfred $1,111 welcome bonus good?

Yes, the Betfred welcome bonus is good. However, it’s not quite as good as the $1,111 might make it sound.

It’s great that you get a $111 bonus bet for making a single $50 bet. It’s even better than you can win your first bet and still get the $111 bonus bet. The problem is that the other $1,000 in bonus bets can only be earned by losing money. The fact is simple, to get the remaining $1,000 in bonus bets, you need to lose a minimum of $2,000 during your first five weeks at Betfred Sportsbook.

Sign up at Betfred Sports

Creating a new account at Betfred Sports is simple. Firstly, the online sportsbook will need some basic information, which includes the following:

As a new customer, you also need to create a username and password to use each time you access Betfred Sports. A security question or two will most likely be required as well.

Once you’ve entered all your information, you’ll just need to confirm your age and agree to Betfred’s terms and conditions. After making a deposit, you can start gambling.

Registration eligibility at Betfred Sports

All Betfred Sports users must be at least the minimum age to wager on sports and within the state that offers the legal sportsbook. Some states only require bettors to be 18 years old, although the majority of states require bettors to be 21 years or older.

As for location, you must be within the state where Betfred Sports is available to use. The online book will use geolocation technology to determine precisely where you are when you access the Betfred Sports online sportsbook.

Certain individuals who cannot use Betfred Sports include those who could have the potential to affect the outcome of a sporting event. Players, coaches, referees, and trainers are restricted from gambling on the sportsbook.

Others who aren’t permitted to use Betfred Sports include casino key employees.

Download the Betfred Sports app

To download the Betfred sportsbook app for either Apple or Android, simply head over to the Betfred site and sign up for your new account (do this step first to make sure you receive the maximum welcome offer).

Once you’re signed up, look for the links for your device. You will be redirected to download the app. Follow the instructions, and you’ll be good to go.

Betfred Sports promotions

Besides the possible welcome offers at Betfred Sports, the sportsbook will also provide you with a variety of promotions as well. 

Promos are a great way for online sportsbooks to generate more betting action, especially with new customers.

Most sportsbooks have several promos in place, usually based around the most popular sports and events taking place at the time. The winter months have deals for NBANHL and college basketball wagering, in addition to others.

Promotions typically help bettors with something like parlay insurance or bonus bet rewards for wagering a specific amount on one sport.

As mentioned, Betfred Sports has a welcome where you will get a up to $111 in bonus bets when you place a $50 qualifying wager after entering the promo code LSRBONUS when you sign up with Betfred. See above for full terms and conditions.  

Banking at Betfred Sports online

Betfred Sports provides you with a lot of options in regard to banking with the online sportsbook. 

These methods will change between states, but you will probably have access to some of the following ways to transfer money:

Although all these options might not be available, Betfred Sports is likely to include a few of them. The book will want to make depositing and withdrawing funds as convenient as possible.

Betfred Sports may allow you to receive your winnings via a check by mail, too.

Betting options

Betfred Sports provides you with plenty of ways to place bets. You can wager on sports in the following ways:

Live in-game wagering

Live in-game betting is among the most popular ways to bet on sports and is available at Betfred Sportsbook as well. With live wagering, you’re able to miss the start of a game and still have the opportunity to place a bet whenever you’d like during the event.

Many bettors these days choose to wait for games to begin so that they can see how the start of the game goes, as well as potentially improve their pregame odds.

This feature allows you to witness the flow of a game before committing any money.

Outside of the standard odds provided for basically every game (point spreadsmoneylinestotals), live betting sometimes will include many additional options. These consist of multiple alternates for standard lines, along with game and player props.

Betting markets

Betfred Sports has a vast assortment of betting markets. 

You can expect to see the following sports at Betfred:

Is Betfred Sports legal?

Yes. Betfred Sportsbook is officially legal in Ohio, Iowa, Pennsylvania, Arizona and Colorado. The Hawkeye State’s Grand Falls Casino is now home to Betfred Sports’s first retail sportsbook in the US. Betfred is expected to launch in Louisiana and perhaps other states shortly. 

Currently, these states feature a regulated sports betting market:

Several other states are close to joining them. These states have all legalized sports wagering and will most likely have active sportsbooks accepting bets this year:

The growth of Betfred Sports

Betfred has already grown substantially since being founded in 1967. The UK-based operator made the move into the US and its growing betting industry.

The sportsbook introduced its first retail location at Grand Falls Casino in Larchwood, IA. It became active at the end of January, before Super Bowl LIV.

Betfred Sportsbook Pennsylvania has a land-based book at the Wind Creek Bethlehem. The Poarch Band of Creek Indians owns this establishment, which operates casinos in Alabama and Florida, too.

Betfred Sports Colorado has partnered with the Saratoga Black Hawk, which features a retail sportsbook as well as a mobile betting app.

Betfred Sportsbook Arizona partnered with the Fort McDowell Yavapai Nation, which owns We-Ko-Pa Casino Resort.

In Ohio, Betfred partnered with the NFL’s Cincinnati Bengals.

Betfred partnered with Loudoun United FC which plays in the USL Championship, a professional soccer league in US.

While in Louisiana, the sportsbook entered into an agreement with the Tunica-Biloxi Tribe and opened a retail sportsbook at Paragon Casino Resort.