BetFred – Bet £10 get £30

Open an account with Betfred and deposit £10. You must deposit via Debit Card (and in general, you should always use Debit Card for first deposits).

Qualifying Bet

We need to place a £10 bet with Betfred in order to qualify for our free bet. We’re going to place a £10 back bet with Betfred, and then place a corresponding lay bet with Betfair.
The odds for the back bet must be 2.0 or above.

Use the calculator to work out your bets.

Select “Normal” at the top.
The bookmaker stake is £10.
Enter the Betfred back odds.
Enter the exchange lay odds.
Enter the lay commission.
Press calculate.

The calculator will show you your stake and your liability. The “liability” is the amount you need to deposit into Betfair (but the lay amount is what you’ll type into the stake box). Deposit the required amount. Then place your £10 Betfred bet, and then your exchange lay bet. Don’t worry about liability for now, it’s all covered by your back bet.

Free Bet

Betfred will credit you a £30 free bet within 48 hours of your first bet SETTLING. This means you need to wait for your first bet to settle, and then your free bet will be credited within 48 hours.

For free bets, it’s a good idea to use higher odds in order to maximise the profit. I would advise you to look for something with odds above 4.0. However, remember that the higher odds you use, the more liability you will need in the exchange, but the more money you will make.

Use the calculator to work out your bets.

Select “Free Bet (SNR)” at the top.
The bookmaker stake is £30
Enter the Betfred back odds.
Enter the exchange lay odds.
Enter the lay commission.
Press calculate.
Make sure you have enough money in the exchange to cover the liability of this bet. If you don’t, either deposit more or look for something at lower odds. You now need to place your Betfred free back bet. Once you’ve placed it, you can then place your exchange lay bet (as determined by the calculator).

Once these bets are placed and confirmed, you simply wait for the matches to play out. Once these bets have settled, you should have made around £24 profit.

You can immediately withdraw your money from Betfred once the bets have settled. If you can’t figure out how to do this, load up their live chat or give them a call (though it is fairly straightforward).