Betfred Sportsbook is a UK-based bookmaker expanding its sports betting services to the US. The sportsbook was founded in 1967 and became Betfred in 2004.
That year, Betfred’s online gambling site launched, which included sports betting, online casino and poker.
Since then, Betfred has established retail sportsbooks all over the UK, along with accepting wagers on its mobile site.
This land-based sportsbook is strategically positioned in Northwest Iowa, only minutes from the South Dakota and Minnesota borders. Since these states don’t offer legal sports betting yet, Betfred’s first retail spot could see foot traffic from neighboring states.
That’s just the start of Betfred Sportsbook’s US expansion, though.
Betfred’s online betting app isn’t available yet; however, it will be in Iowa soon. Bennett said the mobile platform would go live prior to March Madness, which was canceled for 2020 because of the coronavirus pandemic.
Betfred welcome offer and bonuses
Betfred’s welcome bonus will be unknown until the online sportsbook releases in the US. However, based on its current UK product and its other books available throughout the country, we have an understanding of what to expect.
While Betfred currently offers customers promotions like earning $30 in free bets for wagering your first $10, the online platform could provide more with its US launch.
Here are some of the possible bonuses you will have to take advantage of when you join Betfred Sportsbook:
Betfred promo code
|Betfred Promo Code:||TBD|
|Free Bet Bonus:||TBD|
|Last Verified:||July 9, 2020|
Similar to what the sportsbook already has in place, Betfred could reward new customers before even making a deposit.
With a free credit upon signing up, you’re able to get a feel for the sportsbook by making real-money wagers.
Although it’s not unheard of, not all American sportsbooks offer free credit. It would be a way for Betfred to get more exposure and more bettors to its sportsbook.
Typically, these credits are only worth around $10-$20, which is more than enough for players to test out the platform.
Another popular welcome offer comes in the form of a risk-free bet with your initial wager. It allows you to make your first bet without any worry that you will lose money.
With the risk-free wager, Betfred would match however much you bet the first time if you lose.
Of course, the amount will vary based on the location, but this offer can be as much as $500.
The other most commonly used bonus 100% match your first deposit at an online sportsbook.
A deposit-match bonus gives you free credit that matches the amount of money you initially put in your account.
Again, these bonuses can vary, but online sports betting apps have provided new customers as much as a $1,000 deposit bonus.
Bettors should expect at least one of these offers from Betfred Sportsbook once it goes live in Iowa, Pennsylvania and Colorado.
Sign up at Betfred Sportsbook
Creating a new account at Betfred is simple. Firstly, the online sportsbook will need some basic information, which includes the following:
- Date of birth
- Phone number
- Social Security number
As a new customer, you also need to create a username and password to use each time you access Betfred. 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 Sportsbook
Betfred will feature eligibility requirements like all other legal online sportsbooks. While these will differ slightly between states, the basics remain the same.
All Betfred 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 is available to use. The online book will use geolocation technology to determine precisely where you are when you access the Betfred online sportsbook.
Certain individuals who cannot use Betfred 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 include casino key employees.
Download the Betfred Sportsbook app
Downloading the Betfred sports betting app will be a simple process as well. Betfred will most likely launch an app for both iOS and Android devices.
Apple customers will simply need to search for the iOS app and download it directly from the App Store. Since Android users cannot do the same with Google Play, they’ll have to go to Betfred’s website to download the app.
You should be able to complete browser-based wagering with Betfred, too. The online sportsbook currently features this for its UK customers right now.
Besides the possible welcome offers Betfred could provide, it will probably supply 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 NBA, NHL and college basketball wagering, in addition to others.
Promotions typically help bettors with something like parlay insurance or free-credit rewards for wagering a specific amount on one sport.
As mentioned, Betfred has a promotion in place that gives you a free $30 credit for betting your first $10 after signing up.
You should have plenty of promos covering a wide selection of sports when Betfred becomes available.
Banking at Betfred online
Betfred is likely to give you a lot of options in regards 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:
- Cash at the retail cage
- Credit Card: Mastercard, Visa or American Express
- Online banking transfer
- Prepaid card
Although all these options might not be available, Betfred is likely to include a few of them. The book will want to make depositing and withdrawing funds as convenient as possible.
Betfred may allow you to receive your winnings via a check by mail, too.
Betfred is sure to offer you plenty of ways to place bets. You should expect to be able to wager on sports in the following ways:
- Live in-game
- Point spread
- Round robin
Betfred’s UK sportsbook even allows bettors to create a wager for particular sports. Even though it’s not guaranteed to be an option in the US, it would be an exciting feature, nonetheless.
Live in-game wagering
Live in-game betting is among the most popular ways to bet on sports and will be with Betfred 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 spreads, moneylines, totals), live betting sometimes will include many additional options. These consist of multiple alternates for standard lines, along with game and player props.
Betfred Sportsbook will need to have a vast assortment of betting markets.
You should expect to see the following sports at Betfred:
- Aussie rules
Is Betfred legal?
Betfred Sportsbook is officially legal thanks to its debut in Iowa. The Hawkeye State’s Grand Falls Casino is now home to Betfred’s first retail sportsbook in the US.
Currently, these states feature a regulated sports betting market:
- New Hampshire
- New Jersey
- New Mexico (tribal only)
- New York
- Rhode Island
- West Virginia
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:
- North Carolina (tribal only)
Betfred will probably be open for business in Pennsylvania and Colorado. While it may not occur overnight, Betfred could be available in most legal states at some point.
The growth of Betfred Sportsbook
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.
Although Betfred’s online sports betting app hasn’t launched yet, it will shortly. The company has stated that it will release before the start of this year’s March Madness.
As for other retail locations, Betfred has partnerships in place to debut in Pennsylvania and Colorado.
In PA, Betfred will have 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 will become available in CO at the Saratoga Black Hawk. It will feature a retail sportsbook as well as a mobile betting app.
Once Betfred’s online sportsbook goes live, we expect the operator to continue to expand within the US.