Betfred Sports Review & Promo Code

Betfred sports
Free BetFree Bet$40 $40
Promo Code BFS40 CO, PA & IA

Founded in 1967, Betfred is one of the biggest sportsbooks in Europe, and the company’s expansion in the US began with the opening of a retail sportsbook at Grand Falls Casino in Iowa in 2020.

Betfred Sportsbook has continued to grow with the addition of the Betfred Sportsbook app and with expansion into the Colorado and Pennsylvania sports betting markets. Betfred is expected to launch in more states soon, including Nevada.

In our Betfred review, you will learn why the sportsbook is one of the top new entries into the industry. We walk you through getting signed up and look at one of Betfred’s welcome bonuses, among other topics. So let’s get right to it.

Why Choose Betfred Sportsbook?
  • Stellar welcome bonus, which varies depending on the state.
  • Tons of sports markets to wager on.
  • Top app for iOS and Android.
  • One of the most experienced names in sports betting.
Betfred Online Sportsbook Rating
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New player welcome bonus at Betfred Sportsbook

Betfred has an attractive welcome bonus for new users. Simply use code BFS40 and you’ll receive $40 just for signing up.

And when you make your first wager, Betfred will make it risk-free. If your first wager isn’t successful, it will be refunded to your account in the form of bet credits, up to a maximum of $500 .

Keep reading for a more thorough breakdown.

BETFRED PROMO CODE - 2021

Online SportsbookBetfred Online Sportsbook
Promo CodeBFS40
Sign Up Bonus$40
Risk-Free BetUp to $500
Legal StatesCO, PA & IA
Last UpdatedJanuary 2021

How does the Betfred welcome bonus work?

And now let’s take a deeper dive into  Betfred’s welcome bonuses.

  • When you create a new account, make sure you use promo code BFS40 . You will be credited with $40 to try out the book, absolutely free. You can’t withdraw the funds directly, but you can use them on any event you like and you keep any winnings.
  • After you make a deposit, your first bet with the online sportsbook will be risk-free for up to $500 . That means if your first settled bet loses, you receive free bet credits in return. If your first bet wins, nothing changes. Be aware that once you receive your free bet credits, you have seven days to use them or else they expire.

How to sign up for a Betfred account

Getting signed up with Betfred is a simple process and one that you can do entirely online using either the Betfred app or the website.

  1. Start by clicking “register” on either the app or website.
  2. Then you need to enter your email and create a password, followed by your legal name, gender and date of birth.
  3. On the following page, enter your address, cell number and pick and answer a couple of security questions.
  4. Enter the Betfred promo code BFS40 .
  5. Then check a few boxes pertaining to Betfred’s privacy policy and whether you’ve read the terms and conditions and select “register.”
  6. Then you will need to confirm that the email address you supplied is correct. After that, a window will appear asking for the final four digits of your Social Security number. Once you enter that and click “Continue” you are all done.

From start to finish, it should not take more than a few minutes to get signed up with Betfred.

Where is Betfred Sportsbook legal?

Betfred currently is legal in three states (Colorado, Iowa and Pennsylvania), with more likely on the way in the months to come. Here’s a quick look at the states where Betfred is legal:

  • Betfred Colorado: Betfred’s app launched in Colorado in September 2020, while its retail sportsbook debuted at Saratoga Casino in Black Hawk in June 2020. Betting on local college teams is allowed in the state.
  • Betfred Iowa: Betfred debuted in Iowa in July 2020 at Grand Falls Casino, but it wasn’t until 1, 2021, that Iowans could register for sportsbooks remotely. Iowa does not allow betting on non-sports events like the Grammys or Oscars. Betting on Iowa-based college teams is allowed, but prop bets on individual college players are not.
  • Betfred Pennsylvania: Betfred launched in the Keystone State at Wind Creek Casino Bethlehem in November 2020, with the Betfred app debuting shortly thereafter. In Pennsylvania you can bet on local college teams, but not on non-sporting events, including the NFL and NBA drafts.

What sports are available at Betfred?

At Betfred you can bet on the NFL, NBA, NHL, MLB, MLS, UFC, PGA Tour and NASCAR as far as major US sports. The sportsbook also has markets for soccer leagues across the world such as Spain’s La Liga, Europe’s Champions League and Germany’s Bundesliga.

And if college sports are more your style, don’t fret, because you can also bet on college basketball and football on Betfred.

Available wagers at Betfred

Betfred has all the standard types of sports bets available at most major online sportsbooks. Here’s a look at how the different bets work:

  • Moneyline: For these you are just picking which team is going to win, or for sports where ties are possible (like soccer) you can select that, too. Odds listed in negative numbers mean that’s how much money you need to risk to win $100, while odds listed in positive numbers mean that’s how much you would win on a $100 bet.
  • Spreads: Here your pick must take into account an estimated margin of victory. Spreads will often end in 0.5 to prevent pushes from happening.
  • Over/unders: Also called totals, these are bets where you are picking what the combined point or run total will be for both teams in a game. Over/unders also can be for various team and player statistics during games.
  • Props: These are play-based side bets that do not depend on the outcome of a game. You could end up betting on how many points, strikeouts, rebounds, goals, etc. a specific player will have during a contest.
  • Parlays: You are combining a minimum of two selections, and for your parlay to win, you need to get all your selections correct. More picks equal more money, but the more legs in your parlay, the harder the entire bet becomes to get right.
  • Teasers: These are kind of like spread-based parlays, but for teasers you change the lines for all the games you select by the same number of points. Teasers are most typically associated with football and basketball betting.
  • Round robins: Here is another form of multi-selection betting, but unlike with parlays and teasers, you do not need to get every pick correct in order to win at least some of your bet.
  • Futures: These are bets on events that could be weeks or months down the road. The most common futures bets are for teams to win division or conference titles and championships, or for players to win MVP awards.

Live betting at Betfred

If you are new to sports betting, you might be unaware that thanks to sports betting apps like Betfred you can now bet on games that already have started thanks to live betting.

With live betting, also known as in game betting, odds will change nearly constantly depending on what the score is, how much time is remaining in a game, which team has the ball, player injuries and foul trouble, etc.

Betfred offers live betting for most sports, and you are able to bet on everything from which team will win, who will cover the spread, over/unders, prop bets and even what will happen during the next play in some games.

Just be sure you have a good internet connection and that however you are watching the game is not delayed because the last thing you want to do is place a bet only to find out the situation in the game isn’t what you thought it was.

How to download the Betfred sports betting app

You can follow our link to download the Betfred Sportsbook app for your iOS or Android phone or tablet.

Once you select either the Android or Apple app, you will first download it onto your device and then install it. During the process, you may need to grant permission to allow the app to be downloaded and installed.

It will take only a minute or so to complete the process, and then you will be able to start betting remotely using the app. You also can use the website to place your bets and manage your account.

Navigating the Betfred app and website

If you’ve used sportsbook apps before, Betfred’s website should take little to no time to get the hang of. You can navigate to different sports using the bar along the left side of the screen, and games appear in the middle.

Now let’s take a look at some specific areas of the Betfred website to be familiar with:

  • Your account: By clicking on the person icon in the upper right corner, you can access your Betfred account. From here you can access the Betfred cashier, check your bonus status, upload any required documents or sign out of your account.
  • Promotions page: You can reach the Betfred promo page by clicking on “promotions” located in the blue box running down the left portion of the website. Here you’ll see a list of all the ongoing Betfred promotions. Clicking the “learn more” button shows you a complete breakdown of how each promotion works.
  • Bet slip: The betting slip is on the right side, and it is very intuitive to use. When you click on bets, they will appear on your slip. At that time you can choose to either place single bets or create parlays, teasers or round robins. Just add how much you want to bet and then click “place bet” to make your wagers.
  • Sports options: All the sports that you can bet on appear on the right side of the Betfred website under “A-Z Sports.” You can either click on the sport or the plus sign next to the sport to see the various leagues available to wager on.
  • Customer support: If you need to reach Betfred’s customer support team, you can click on the three white lines in the upper left corner of the page and then select “Betfred support.” At that point, you’ll arrive at a screen with phone numbers to call and text and an email address, specific to the state you are in.

Layout differences on the Betfred app

There is very little difference between the Betfred app and the website. Really, the only noticeable change is that on the app you will see listings along the top and bottom of the page, as opposed to along the left and right sides of the screen on the website.

The small changes are beneficial, though, because the extra room on a computer screen allows for displays on the sides, whereas smaller tablet and phone screens necessitate more viewing space in the middle.

Overall, you should have no problem transitioning from the Betfred website to the app.

How to deposit at Betfred Sportsbook

You have the option of doing all your transactions online, or if you choose, you can head to a Betfred retail sportsbook location and deposit funds in person.

First up, here’s where you can go for making in-person deposits.

  • Betfred Sportsbook CO: You can fund your account by going to Saratoga Casino at 101 Main St., Black Hawk, Colorado.
  • Betfred Sportsbook IA: Head to Grand Falls Casino & Golf Resort, 1415 Grand Falls Blvd., Larchwood, Iowa.
  • Betfred Sportsbook PA: You can make deposits by going to Wind Creek Bethlehem at 77 Wind Creek Blvd., Bethlehem, Pennsylvania.

Betfred also offers plenty of methods for depositing money remotely. Here’s a look at your options:

  • Betfred Play+ prepaid card: This is basically like using a credit card, only you need to first apply for a Play+ prepaid debit card.
  • PayNearMe: This is another in-person option, and involves going to a nearby 7-Eleven You also can find PayNearMe locations at CVS and Family Dollar stores.
  • VIP Preferred e-check: This is arguably the best and easiest way to deposit at Betfred. It is basically the same as writing a check, but you’re doing it electronically.

Wrapping up: Betfred Sportsbook

As one of the newer entrants into sports betting in the US, Betfred clearly is not the biggest name in the industry, but with a long and successful history in Europe, there’s no reason to think Betfred will not be just as successful in America.

Look for Betfred to continue to expand throughout the country and potentially even rival other sportsbooks not named DraftKings or FanDuel, which are clearly the two alpha dogs of the industry.

Betfred Sportsbook is a great option for anyone looking to place online sports bets. Our only major question is whether it will roll out a national welcome bonus or continue to have offers that vary by state.

Betfred FAQ

Is Betfred online sportsbook legal?

Yes, Betfred is licensed and available in Colorado, Iowa and Pennsylvania, with more states, including Nevada, likely to be added soon. In order to bet, you need to be at least 21 years of age and have the geolocation software on your computer or mobile device turned on.

What states have a Betfred Sportsbook?

Currently Betfred is operating in Pennsylvania, Iowa and Colorado. It is expected to launch in more states, including Nevada, in 2021.

How do I download Betfred Sportsbook?

Follow our links to download the Betfred app for either Android or Apple products. Select the appropriate file and then simply download and install it on your device. The entire process should take no more than a couple of minutes.

How do I deposit at Betfred?

You can make deposits either in person at a Betfred retail sportsbook location or by going to PayNearMe locations. You also can deposit online using a Play+ card or an e-check.

Is Betfred Sportsbook safe?

Yes, not only is Betfred a trusted name in sports betting, but it is licensed and regulated in Iowa, Colorado and Pennsylvania. That means you can trust that your money and personal information are safe when doing business with Betfred.

Can I bet on college sports using the Betfred Sports betting app?

Yes, you can bet on college sports at Betfred. Depending on state law where you’re placing your bets, though, you might not be able to bet on certain teams or markets.

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