Odds vs. Other Books:
*lower is better
Sign-up Offer: $105 No Sweat First Bet
Matched Betting Value: $53
VIP/Rewards Grade: 4/5
Summary: Betfred has a cleanly structured rewards program with weekly and monthly offers.
Updated: Apr 17, 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
Overview
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
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
Notes: Double-check the Terms and Conditions. The signup offer normally only applies to residents from that state, unlike most other books.
Available in: Arizona, Colorado, Iowa, Maryland, Ohio, Virginia
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.
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.
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.
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
Updated: Apr 17, 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
Overview
Notes Before Signing Up
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
