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
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
Fred Bets = Free Bets
Signup Offers
50% Loss Back up to $200 per week for 5 weeks
- States:
- Deposit Required:
Varies
- Promotional Amount:
$1,000
- Type:
Loss Back
- Matched Bet Finder:
Qualifying Bet
- Minimum Hedge:
$200 per week
- Matched Betting Value:
- Notes:
A 50% loss back up to $200 each of the first 5 weeks. Loss back promotions are the easiest to maximize profit when sticking a single bet. For this promotion, you can either do a single bet on Betfred each week to maximize the promotion or you can tally your net profit before the end of the week and place a qualifying bet if needed. Loss Back Promotions require extra care and attention to convert. Read this guide for more information. Reach out with any questions.
Bet $50 get $111 in Free Bets
- States:
- Deposit Required:
$50
- Promotional Amount:
$111
- Type:
Bet Match as a Free Bet
- Matched Bet Finder:
Qualifying Bet
- Minimum Hedge:
$175
- Matched Betting Value:
- Notes:
Double-check the Terms and Conditions. The signup offer normally only applies to residents from that state, unlike most other books.
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.
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 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.
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.
