Table of Contents


Odds vs. Other Books:
hold vs. 4.5% avg
*lower is better
VIP/Rewards Grade: 4/5
Summary: Betfred has a cleanly structured rewards program with weekly and monthly offers.

Updated: Jun 12, 2024
3 min read

Note: If you are located in Ontario, we are not able to display any available promotions.

Matched Betting

What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.

Available Locations


Betfred is available in six states and is a sportsbook all matched bettors should signup for. They have a rewards program that is profitable and easy to follow. Their limits are not as high as larger sportsbooks such as DraftKings and FanDuel but you won't have trouble betting to win a few thousand on MLB money lines, and even more on larger markets like NFL.

Notes Before Signing Up

Ensure you have an understanding of how Loss Back promotions work before signing up and completing the initial offer.

Unique Terminology

Fred Bets = Bonus Bets

Signup Offers

$105 No Sweat First Bet

$105 Second Chance Bet Refunded as a Bonus Bet

Amount: $105
Type: Second Chance Bet Refunded as a Bonus Bet
Bet Finder: Second Chance Bet
Deposit: $105
Minimum Hedge: $158
Expected Value: $53
Available in: Arizona, Colorado, Iowa, Maryland, Ohio, Virginia
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VIP/Rewards Program

Betfred has a structured VIP program with a variety of promotions. There are eight tiers with the top tier "VIP" being invite only. It is easy to determine which tier you are eligible for on Betfred since it is based on a rolling 90 days of handle, amount wagered. The chart below shows the handle requirement for each tier and the rewards associated with it.

Screenshot of Betfred's rewards program chart

Example Promotion

As part of their rewards program, Betfred offers a Qualifying Bet each Friday where you can earn Bonus Bets by betting a certain amount. This is in addition to monthly rewards and other regular offers.

Qualifying Bet

Here is an example of a Qualifying Bet on Betfred. Through matched betting, you can mathematically guarantee a profit by hedging your bet.

Screenshot of Betfred's weekly Fred Friday promotion

Qualifying Bet Finder

You can use the Qualifying Bet Finder on DarkHorse Odds to guarantee a profit of $103. In addition to the Qualifying Bet Finder DarkHorse Odds has all the tools needed to convert a wide variety of sportsbook promotions such as Bonus Bets, Second Chance Bets, Site Credit, and more. You can learn more about matched betting in our guides.

Screenshot of the Qualifying Bet Finder on DarkHorse Odds

MLB House Rules

Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.

Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.

For MLB it is also important to understand what defines Action.

Money line

Will The Odds Change: Yes

Run / Total / Alt Lines

Action: Unclear

Will The Odds Change: Does Not Specify

Player Props

Pitcher Prop action: Does Not Specify

Batter Prop action: Does Not Specify

Deposit & Withdraw Methods

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Some of the links on DarkHorse Odds are affiliate links.
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