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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: Sep 27, 2023
3 min read

Matched Betting

What is the "Matched Betting Value" listed above? This is the amount of risk free 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 = Free Bets

Signup Offers

50% Loss Back up to $200 per week for 5 weeks

Bet $50 get $111 in Free Bets

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Repeating The Sign-up Offers

Sign-up offers are some of the most profitable promotions available in matched betting. Some sportsbooks will allow you to repeat them in each state increasing your profits. You can learn more about repeating the sign-up offers in multiple states in our guide.

  • Separate account per state: ?
  • Can you repeat the signup offer in each state: ?
  • Can you do the Refer A Friend (RAF) offer and the sign-up offer: Unknown

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 Free 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 Free Bets, Risk Free Bets, Site Credit, and more. You can learn more about matched betting in our guides.

Screenshot of the Qualifying Bet Finder on DarkHorse Odds

Deposit & Withdraw Methods

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