Betfred $105 2nd Chance Bet

5 min read
Betfred 2nd Chance Bet up to $105
Betfred Sportsbook
12/31/2024
expire
Medium
to obtain
-200
min. odds
1x
wagering req.
$20
min. entry

Betfred Welcome Bonus Pros & Cons

Pros
Simple welcome bonus
Strong in-play betting platform that allows users to easily track bets
Established sportsbook with decades of experience in online betting
Cons
No 24/7 live chat
Not available in as many states as market leaders
Connectivity issues on betting apps

Second-Chance Bet up to $105

Betfred Bonus

Betfred's welcome bonus uses the 'no-sweat' bet format.

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 first bet.

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.

How to Claim the Welcome Bonus

  1. Register as a new customer at Betfred.
  2. Make your first deposit.
  3. Place a first bet of at least $20.
  4. If it loses receive a single bonus bet equal to your initial wager.

Terms and Conditions

This bonus from Betfred comes with specific terms and conditions that are crucial for bettors in Colorado to understand. These conditions outline the eligibility criteria, deposit requirements and qualifying bet. 

It's important to be aware of these details to fully comprehend the offer's scope and restrictions. Let's jump into these terms and conditions for a clearer picture of what this bonus entails:

  • The offer is available only to new customers.
  • The first bet must have a stake between $20 and $105.
  • That wager must be at odds of -200 or greater.
  • The initial bet cannot be placed on a parlay or odds boost.
  • Bonus bet is single-use and can only be used on one bet.
  • Bonus bet expires after seven days if it isn't placed.
Betfred Sportsbook

Generous Bonus Offer

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ACH/eCHECK
17
user reviews
10
min deposit
Varies
max withdrawal
1-7 days
withdrawal speed
1-5.2%
margin
Betfred 2nd Chance Bet up to $105

Final Thoughts

This second-chance bet offer from Betfred is not the most generous that exists in it category, but it has relatively few restrictions and is easy for a consumer to understand.

Users don't have to worry about significant playthrough requirements and bonus pool expiration dates that could make it difficult to play through their bonuses.

A new Betfred user can place one bet and if it loses make another shortly after, then decide if they want to stick with the sportsbook. 

There isn't an enormously high ceiling on this offering, but there also isn't much potential for sustained losses over time, or confusion about the terms.