Betfred App & Bonus Code Review

Updated April 2021
Click Code To Copy

Betfred entered the emerging Colorado online sportsbook market in September 2020 with a version of its popular global platform tailored for CO residents.

In November 2019, Colorado passed a law legalizing sports betting, and Betfred is one of the first overseas operators to take advantage. The company is launching a sportsbook for desktop users located in the state, and there is a mobile version planned for the near future.

In this preview, we look at what Betfred may offer Colorado bettors, based on its platform in other locations and typical US sportsbooks.

Betfred Sportsbook new player bonus

New Colorado customers with Betfred can claim a two-part welcome bonus.

First, you can get a $40 free bet just for signing up for our new account. Simply use promo code BFS40 when signing up to activate this welcome bonus.

Then, when you’re ready to deposit, Betfred will give you a First Bet Match up to $500! When your first bet settles, win or lose you will have the amount of the bet matched n the form of free bets. You then have seven days to use those bets on the site.

Betfred Sportsbook bonus code

Online SportsbookBetfred Online Sportsbook
Bonus CodeBFS40
Free Bet$40
First Bet Match$500
Last UpdatedApril 2021

Introduction to Betfred — background

Betfred is an independent bookmaker based in the UK. The company was initially a retail operation with licensed betting offices. The retail division still exists, but Betfred moved online in 2004. The company has a reputation for aggressive marketing that involves bonuses and odds boosts. Betfred has invested in the US market with physical sportsbooks in four states. There has now been the launch of an online sportsbook in Colorado. This could be replicated in other states as the US market becomes a realistic target after the nationwide betting regulations and laws changed.

Betfred Sportsbook match bet bonus — terms and conditions

The Betfred first bet match offer is for residents of Colorado and can only be redeemed once. Here are the specific terms and conditions for the First Bet Match up to $500:

  • Only valid on your first cash qualifying bet.
  • Free bets will be automatically credited to account within 72 hours of bet settlement
  • Bonus valid once per person, per account, per household (IP address) and/or computer
  • Minimum eligible free bet is $10 with a maximum of $500
  • Free bets cannot be withdrawn or redeemed for cash and must be used within 7 days of being credited
  • Betfred Colorado general terms and conditions apply.

Betfred promos

Betfred’s main market until now has been the UK, where it is competing with several trusted and well-established brands. Betfred competes by being aggressive with promotions. In fact, the founder of Betfred, Fred Done, is known as the “Bonus King” due to the range of bonuses available to customers. The Colorado online sportsbook fits into this business model already and is expected to come into its own as the sports seasons progress.

Here are some UK inspirations that could easily be introduced to the US Betfred platform:

Free bet if 2nd to the favorite

Customers with Betfred are credited with a free bet if the backed horse finishes second to the declared favorite in selected US horse races. This offer applies to win bets, and the free bet will appear in your account within 24 hours of bet settlement. The maximum free bet is $10, which expires after seven days. There must be five or more runners in the qualifying races.

One winner bonus

Betfred pays a bonus if you have just one winner in certain system bets. Bettors can combine three to eight selections in system bets. Unlike parlays, you don’t need each horse or team to win for a profitable system bet. Betfred enhances the odds when the bet produces one winner. The percentage boost increases as you add more legs to a qualifying bet.

All-correct bonuses

This operator pays a bonus when you have an all-correct horse racing parlay. All selections must run in the chosen races, and non-runners disqualify the bet. The bonus increases as more selections are added to the multiple bet. The bonuses range from 10% to 25%, and combination bets with four to seven legs qualify for this bonus.

Extra places

Betfred offers extra places for the settlement of horse racing place bets. If the standard place terms are three places, Betfred pays out on the fourth place in selected races. A minimum number of runners is required for a race to qualify, and any non-runners could disqualify a race. This offer applies to single and multiple bets.

How to sign up for an account at Betfred

Betfred’s potential customers in Colorado should follow this step-by-step guide to opening a new account:

  1. Visit the Betfred homepage and click “Register.”
  2. Enter personal, contact and address details.
  3. Enter our Betfred promo code BFS40
  4. Complete the username and password fields.
  5. Populate all the required fields.
  6. Verify age of 21 or older.
  7. Confirm acceptance of Betfred’s terms and conditions.
  8. Register the new account.

Most applications will be accepted immediately. Once you have created the new account, a prompt will appear to make the initial deposit. With betting funds in the new account, you can place the qualifying bet for up to $500 that activates the welcome bonus of your matched wager. The Betfred sign-up process is seamless, and there is only a short day between registering and placing bets.

Betfred sports betting app

Betfred has launched a mobile betting app for customers in Colorado for both Android and iOS devices.

Betfred does not have a mobile-specific welcome bonus or any ongoing promotions solely for mobile users. However, the apps are fully functional, which means new mobile customers can claim the standard welcome bonus. The 2020 promos will be available to mobile users. The Betfred app should be intuitive and easy to navigate so a market can be located with a few taps. The app will be available on leading mobile platforms.

Betfred betting options

As a Betfred customer in Colorado, you have access to the following betting options:

  • Moneyline
  • Handicaps
  • Spreads
  • Round robins
  • Parlays
  • Teasers
  • Player props
  • Team props

The most popular betting leagues and competitions for this range of bets are the NFL, MLB, NBA, and NHL. Betfred also offers these options for global sports such as soccer, tennis, golf, and boxing. Moneyline bets are generally two-way markets including any overtime and penalties to eliminate the tie. Spreads and totals are usually expressed in half points for the same reason. The range of player and team props is most extensive for the Super Bowl, which is the biggest betting event of the year. Championship matches in baseball, basketball, and ice hockey are also huge for betting.

Types of bets with Betfred

Betfred has launched a conventional fixed-odds sportsbook in Colorado. That means customers will be able to place bets across about 30 sports in the following types of market:


Players with Betfred who reside in Colorado can bet on a range of pregame markets. The operator offers the most bets for the four main US professional and college sports. However, Betfred also publishes betting for global sports, such as soccer, golf, tennis, and boxing. The lines appear a few days before the event and fluctuate as the market reacts. Team and injury news and tips from respected pundits cause the odds to change. Betfred also adds player and team props nearer the game. The biggest range of props is for the NFL’s Super Bowl and championship matches in the NHL, MLB, and NBA. Pregame markets are suspended at game time, and betting moves to the in-play environment for many fixtures in the main betting sports.


Players in Colorado have access to a full in-play betting service with Betfred. The most popular sports for in-play betting are football, baseball, hockey, basketball, and soccer. At the time of writing, there is no live streaming, but that could change in the future. However, you can view an animation of the progress of play and refer to live match data before betting. Odds are taken down after a key event, such as a touchdown in football or goal in soccer. Cash-out betting allows you to close outstanding bets before expiry. The objective is to guarantee a profit or control any loss before the end of the game. The most bet-on in-play markets are the moneyline, spread, and totals, but there is also interest in more exotic markets such as the correct score.


Betfred offers future markets across the main betting sports. You can bet on the outright winner of divisions, conferences, and championships in the four main US sports. There are also futures markets for some major soccer competitions. The most popular for ante-post betting with Betfred are the English Premier League, MLS, Champions League, and World Cup. The operator updates futures markets after each significant fixture and game days. Customers with Betfred can also bet on teams to finish in certain places in their respective leagues. You can bet on futures markets from before the regular season up to the final fixture in the playoffs. The most popular single fixture for futures betting and team and player performances are the Super Bowl.

How to place a bet with Betfred

You follow this step-by-step guide to placing a bet with Betfred:

  • Visit the homepage of the Betfred CO site.
  • Log in to a registered account.
  • Check your account balance or deposit betting funds.
  • Select a sport from Quick Links or the full A-Z list of sports.
  • Navigate to your chosen event.
  • Click on the selection using the line link.
  • Add selections where needed.
  • Select the type of bet.
  • Enter the stake.
  • Click “Place Bet.”

In most cases, Betfred will accept the bet and confirm placement. Your account balance will be updated accordingly. However, on some occasions, a Betfred trader will decline the bet and offer a smaller stake. This is part of the operator’s risk management policy. It can be annoying to have a bet refused, but all bookmakers will restrict some customers in line with risk controls. Your account will be constantly monitored, but for most customers, this is not an issue.

Betfred deposit and withdrawal options

Betfred customers who reside in Colorado can transfer funds in and out of a registered account using debit cards, pre-paid safe cards, bank transfers, e-wallets, and cash at retail outlets and at physical Betfred locations. Deposits are immediate, so there is no delay between funding an account and betting. You don’t pay a fee for making a deposit. Withdrawals are subject to some delays, depending on the banking method. A provider may impose a charge for carrying out transactions. The minimum transfers are $10, and the maximum transfers are based on the banking method. As part of responsible gambling measures, customers can place a limit on daily and weekly deposits.

Betfred loyalty and refer-a-friend program

Betfred does not have a loyalty program linked to sports betting. However, the operator does issue loyalty points based on stakes on selected games. These points are related to real money betting, which is assessed every two weeks by an account manager. There is also a Betfred VIP membership that rises to elite level based on turnover. The operator does not have a formal refer-a-friend program, but there is an affiliate scheme that rewards affiliate websites when they introduce a depositing and betting member. Betfred puts more focus on its welcome bonus and ongoing promotions at the expense of an introductions program.

Customer service with Betfred

Betfred’s customers in Colorado can provide feedback under a number of headings, such as Registration/Login, Sports and Casino. There is also a detailed FAQ section that provides answers to the most common questions. You can contact Betfred by email and telephone, and there is a live chat service. There is no anecdotal evidence of poor response times, so you can assume that Betfred provides an acceptable level of customer service. The operator also has active accounts on popular social media platforms. Betfred is committed to responsible gambling. The site features banner links to support organizations and self exclusion measures.

Closing comments about Betfred

Betfred is known for aggressive marketing through sponsorship and TV advertising. The founder is known as the “Bonus King” due to ongoing bonuses and concessions. That title has translated to the website for players in Colorado. There is a generous welcome bonus and a decent range of ongoing promotions for existing customers. These offers are often sport- and event-specific and dynamic. Betfred’s overall package of promotions provides a good incentive to register an account.

The bonus package complements betting markets on over 30 sports. Customers can select from a wide range of odds, in pregame, in-play and futures markets. The betting value is about average across the four US betting sports and global sports like soccer, tennis and golf. The Betfred sportsbook for players who reside in Colorado has no major flaws or missing features. The Betfred sports betting service provides a positive betting experience for residents of Colorado.