Betfred Sportsbook Review

Struggling with Gambling Addiction? Support is Available.

If you or someone you know is battling gambling addiction, contact the National Council on Problem Gambling (NCPG) or Gamblers Anonymous. For immediate support call 1-800-GAMBLER.

Betfred is a well-established sportsbook that began as a single betting shop in the United Kingdom back in 1967. It's grown to become a multi-billion dollar player in the betting industry that includes retail locations and an online sports betting presence.

Although Betfred is arguably best known for having more than 1,350 betting shops, it has been in the online sports betting market since 2004. In the US, Betfred Sportsbook has made the decision to decrease its reach and has ceased operations in a number of the states it was operational in. As of October 17th, 2024, Betfred has left Arizona, Colorado, Louisiana, Maryland, Ohio, and Virginia. 

During the Betfred sportsbook signup process, the user is prompted to provide a promo code if they have one. 

What precisely that Betfred bonus code is could vary based on the location of the new Betfred user and where they sign up — but it is something worth investigating for anyone looking to get started with the Betfred sportsbook.
All bonuses come with wagering requirements and their own set of terms and conditions which should be clear to the consumer prior to opting in.  

That means that a new user can make a wager (in this case up to $105) and if that bet cashes they keep the winnings, and if it loses they will receive a bonus bet matching their deposit credit.

That bonus bet credit comes in the form of a single 'Fred Bet' for the value of the initial wager. In order to receive this welcome bonus new users have to place their first bet on a market with a odds of -200 or longer.

Betfred's offer is simpler than many other welcome bonuses because it applies to a maximum of two wagers and doesn't required a Betfred promo code or have a playthrough requirement of any kind.

Betfred sportsbook has a loyalty program that customers become eligible for if they consistently place bets over time.

Betfred tracks how often a user makes bets regardless of whether they win or lose and active accounts are flagged internally for eligibility for the sportsbook's loyalty program. Their system is particularly sensitive to users who make wagers on a daily basis.

It is also possible to email Betfred sportsbook directly about the possibility of joining its loyalty program once you have an account, but eligibility is awarded based on a bettor's wagering history, so it might not be possible to enroll soon after sign up.

Loyalty programs like Betfred's could be an issue for those with problematic gambling tendencies as it incentivizes the type of consistent betting that could lead to damaging habits.

Betfred sportsbook is currently available in 4 states. You can wager with the Betfred betting apps if you are in Iowa, Nevada, Pennsylvania, or Washington.

Betfred has been in the sports betting business for a long time as both a retail sportsbook and a place for online sports betting.

By setting up an account, new Betfred customers gain access to a number of betting markets whether they are using the Betfred app or engaging on desktop. Below is summary of how to sign up, the basic betting options available, and the deposit methods Betfred offers.

Opening an account with Betfred requires the completion of four steps. To sign up, you need to do the following:

1. Provide your name, date of birth and final four digits of your SIN number
2. Enter your email address, phone number, and a password for your new Betfred account
3. Put in your address, ZIP code, city and state.
4. Add a Betfred bonus code if you have one, confirm your age, and agree to the terms and conditions.

Once these steps have been completed, a new customer will be able to deposit money in their Betfred sportsbook account and begin making wagers.

The Betfred mobile apps provide an experience that users have had a mixed experience with. On one hand, the interface is solid and easy to navigate and bettors are able to access customer support directly from the app to help them deal with any issues they encounter.

However, there are a number of complaints that Betfred users with the mobile apps. One issue appears to be slow loading times, which can be particularly frustrating for live bettors. Customers have also reported difficulty with unexpected logouts.

Before downloading the Betfred app it would be advisable to examine the latest reviews online. Below you'll find a summary of user reviews with a brief analysis of the most issues users have with the app — as well as what they like most about it.

The Betfred mobile betting app is available on the AppStore and Google Play.

Betfred sportsbook caters to most of the popular leagues that appeal to most users interested in online sports betting with the betting types they've come to expect. 

Like many other online sportsbooks, Betfred allows customers to place bets on futures, individual games, prop bets, and live events.

Additionally, Betfred live betting is made easier by a dedicated tab that keeps bettors abreast of all the action currently taking place. Here's a summary of the markets Betfred offers:

Betfred's online sportsbook list 17 different sport types to bet in, with some including a variety of leagues and levels. One of the sports listed in their A-Z directory is 'Alternate Sports' which includes bare-knuckle boxing, skateboarding, and surfing.

There deepest individual sport to bet on is soccer, which includes leagues from 38 different countries. Betfred provides options to bet on the major sports leagues most likely to be of interest to the average American bettor, but their offerings are not as expansive as some other top sportsbooks.

Those with niche interests would be well served to browse their A-Z sports menu before diving in.

Betfred allows users to make all manner of sports bets, including moneylines, point spreads, over/unders, player props, and in-play betting markets.

The Betfred online sportsbook also provides a number of parlay possibilities, including pre-packaged specials, same-game parlays, and cross-sport parlays. Experienced sports bettors will find the type of betting options they are accustomed to with Betfred.

Betfred users can find live betting markets on the 'in-play' tab on the book's homepage. Using this tool bettors can find out what is going on at any particular moment and access whether there are available markets that appeal to them.

This page on the website also includes an automatic featured that puts the user's active bets in a tab entitled 'My pinned events' making them easier to track. Bettors that prioritize in-play betting are likely to be satisfied with Betfred sportsbook's offerings.

Betfred's odds and lines can be easily found on the landing page of the sportsbook or within the mobile betting app.

It's wise to compare the available odds to other sportsbooks. The current industry standard for vig — or the house's edge — ranges between 3.66% and 4.61% depending on the bet type.

Betfred features competitive odds than can be as low as 3.18%, but there are also instances of vig topping 5%, meaning that bettors are best served evaluating lines on a case-by-case basis.

Here are some examples of Betfred sportsbook's lines compared to some of its direct competitors to give you a sense of whether it features competitive odds:

Betfred will allow users to make deposits and withdrawals using a variety of different methods. These ways to transfer funds include debit cards, credit cards, ACH, PayPal and VIP Preferred.

Some other sportsbooks will take deposits in many different ways, but only allow users to withdraw from a small pool of options. With Betfred sportsbook, every payment method is a two-way street.

How Long Does It Take To Withdraw Funds From Betfred Sportsbook?

When it comes to withdrawals, Betfred is not alone in having times vary depending on the banking methods being used by its customers. Withdrawal times can be compounded as both the sportsbook and that payment method can both individually add to the time between a withdraw request and a user getting their funds.

It's also noteworthy that current reviews at the App store and Google Play store include some complaints from users over slow withdrawals. 

This is an issue that bettors comment on with a number of sportsbooks, but it could be worth investigating for those looking to set up a new account with Betfred — particularly if they are likely to use the same withdrawal methods that are being mentioned in user reviews. 

Name	Deposit			Withdraw
	Time	Min	Fee	Time	Max	Fee
VISA	0-1 day	$1	2%	2-7 days	$50000	2%
Mastercard	0-1 day	$1	2%	2-7 days	$50000	2%
Debit Cards	0-1 day	$1	0.76%	N/A	N/A	N/A
ACH/eCHECK	0-1 day	$10	0%	N/A	N/A	N/A
PayPal	0-3 days	$10	1.9%	2-7 days	$60000	1.9%
VIP Preferred	0-1 day	$5	0%	1-5 days	$100000	2%

Whether bettors are using this sportsbook on the Betfred mobile app or on desktop, they may seek help with a variety of issues via a live chat, email, or phone.

In our evaluation of Betfred customer support, we derived the following learnings:

• Speed and Effectiveness: Betfred's responsiveness was a bit inconsistent and while it is easy to begin a chat there were times when an agent would take a surprisingly long time to respond compared to other sportsbooks. While speed sometimes lagged, the overall effectiveness was commendable.
• Live Chat: While a number of its competitors offer 24/7 service on live chat, Betfred has more restrictive hours. You can only engage in live chat with the Betfred support team between 8:00 a.m. and 9:00 p.m. MT from Monday to Thursday. From Friday to Sunday, Betfred operates its live chat in a narrow window between 8:00 a.m. and 11:00 a.m. MT.
• Agent Interaction: To get a better sense of how Betfred's customer support team works, we added a ‘day in the life’ test to this Betfred review, initiating live chats during four different hours.

Each hour slot received five separate chat messages from us. Here’s a snapshot of our findings:

• Social media: Most of Betfred's social media presence mirrors other sportsbooks in terms of promoting itself and major sporting events — but it does have a dedicated support account on Twitter called 'Betfred Help'. Facebook | Twitter | Instagram |

Betfred has a page on its website dedicated to responsible gambling and features a number of common tools such as self-imposed deposit and wagering limits that can be set for daily, weekly, or monthly time periods.

Customers are also able to take a break and suspend their Betfred sportsbook account for any specific amount of time, or indefinitely.

Betfred directs customers to resources such as the Problem Gambling Coalition of Colorado and a site where they can apply to the state's self-exclusion list. Below is a summary of Betfred sportsbook's responsible gambling tools:

Any customers can set a deposit or betting limits on their Betfred sportsbook account as part of the sportsbook's responsible gaming policy.

These limits can be imposed at any time and they can be decreased at any time. One limitation of this tool is that limits cannot be increased until an existing limit has expired.

While this is a slight lack of flexibility for those using the Betfred sportsbook who have set limits with from relatively long periods of time — but it could be helpful for users who are having difficulty with self regulation.

Betfred has been in the gambling business for more than 50 years and they are a legitimate sportsbook, even if they might be unfamiliar to American bettors and have more name recognition in the United Kingdom.

The company has more than 1,000 brick-and-mortar betting shops and major sponsorship deals with sports teams like the Denver Broncos, Cincinnati Bengals and Colorado Rockies.

Below is a summary of some of Betfred's security features.

It is still worth checking out customers' experiences with Betfred via reviews on the Google Play Store or App Store, but Betfred is a credible online sportsbook.

The IRS does consider gambling wins to be taxable income, but you must exceed a certain profit threshold to be taxed.

If you win enough you will receive a Form W2-G for 'Certain Gambling Winnings'.

Each individual's tax situation will vary and it's important to get personalized advice for your particular situation, but it's worth being aware that you may be taxed on sports betting winnings.