The operators of the largest betting exchange around, Betfair also run a very popular sportsbook and provide a welcome promotion to encourage new customers to give it a try. The promotion offers up to £100 worth of free bets to punters with a £10 free bet token released every time 5x £10 qualifying bets are placed:
How To Claim The Welcome Offer:
The Betfair new customer bonus is a nice and easy offer to understand and to claim. All you have to do is to follow these simple and straightforward steps:
- Get your Betfair welcome bonus here! (T&C's apply, 18+ new customers only.)
- Follow the on-screen instructions and fill in the required information to create your new account.
- A promo code will be auto populated in the relevant box.
- Deposit at least £10 to your new Betfair account, making sure that you deposit via credit card, debit card or PayPal.
- Place 5x sportsbook wagers at odds of at least 1.5 (1/2) and worth £10 or more.
- Your first £20 free bet token will be released – steps repeatable until £100 in free bets released.
T&C's apply, 18+ new customers only.
Main Terms & Conditions
As the above has already revealed, there are a number of terms and conditions applied to the Betfair new customer offer. You will find a summary of the most important of those below:
- The promotion is limited to customers who are brand new to Betfair and who are resident in the UK or the Republic of Ireland.
- A customer’s first deposit to Betfair must be worth at least £10 and be made via debit card, credit card or PayPal in order to qualify for the promotion.
- To trigger £20 worth of free bets, a qualifying customer must place 5x sportsbook bets worth at least £10.
- The aforementioned sportsbook bet must be at odds of 1.50 (1/2) or greater but can be on any sportsbook market.
- Free bets will be credited within 24 hours of final qualifying bet being accepted.
- Free bets remain valid for a total of 30 days after they are credited, after which time any remaining free bet funds are removed from an account.
- Free bets are valid for use on any sportsbook market at odds of 1/5 (1.20) or greater.
- You can repeat the process and release up to £100 in free bet tokens.
- If a wager placed using free bet funds is a winner, the free bet stake will not be returned as part of its winnings.
- Winnings from free bets are paid in real cash and credited to customer’s main Betfair wallet.
You can read the full terms and conditions here.
Betfair Bonus Review
Like the vast majority of new customer offers from the big bookmakers, Betfair’s welcome promotion offers free bets to punters who place an initial qualifying bet. Betfair’s version of the offer however provides up to £100 worth of free bets when a punter places a number of qualifying bet worth at least £10.
In size alone the Betfair offer puts many other bookmaker bonuses to shame but you need to place a total of 25x £10 qualifying bets to claim the full bonus so it can a) take a long time to get through and b) get quite expensive over the long term for punters.
The initial bets to trigger Betfair’s free bets can be placed on any sportsbook market and need only be placed at odds of 1/5 (1.20) or greater, that’s a definite plus. Most similar offers from other bookmakers make certain markets ineligible for triggering free bets and ask for odds of at least evens (2.00).
It’s a mixed back for this bonus and it really is more well suited to punters who are going to stick around to place multiple bets as opposed to just sign up, claim the bonus and move on. Some will love it and some will hate – personally we think it’s a pretty good deal!
If you want to read our full take on Betfair and what they’ve got on offer for punters then read our Betfair review.
Betfair Offer: Pros & Cons
- Overall free bet value of £100 is higher than most bookmakers offer.
- Free bets last for a comparatively long 30 days before they expire.
- Rewards long term loyal punters as opposed to bonus hunters.
- Trigger bets only need to be placed at odds of 1/5 (1.20) or greater.
- Overall offer requires 25x £10 qualifying bets to claim which could get costly.
- Promo code has to be entered during account registration in order to claim bonus.
- Limited to only UK and Republic of Ireland residents.
As well as their welcome promotion for new customers, Betfair also have a handful of ongoing offers and bonuses for all punters.
£5 Risk Free Exchange Bet
Aimed at encouraging their sportsbook punters to check out the Betfair Exchange, customers can opt in to this promotion and receive a £5 risk free first exchange bet.
The promotion is only available to those customers who have never before placed a bet through the Betfair exchange and will refund a bet stake up to a maximum of £5 if a punter’s first exchange bet loses. In order to qualify, the bet must be settled within seven days of its placement and if it is a winning wager, no refund will be supplied.
Best Odds Guaranteed
Sure to please horse and greyhound racing fans alike, Betfair offer best odds guaranteed for all horse races and all greyhound races held in the UK or Ireland.
That means that punter’s bets will always pay out at the longer price out of that at the time they placed their bet and the eventual starting price of their selection. If a punter bets on a horse or dog at 5/1, for instance, and the selection goes off at 10/1, their bet will pay out at 10/1 thanks to best odds guaranteed.
One for all those fans of accumulators, Betfair’s Acca Boost promotion offers to boost the profit of a customer’s first acca each week by up to 50%. Applying only to bets of three legs or greater, the percentage boost to a bet’s profit depends upon the number of legs the bet has. A successful treble placed as a punter’s first acca of the week will benefit from a 5% boost to its winnings, and an extra 5% is then added to the bonus for each additional leg a successful bet includes. The maximum 50% profits boost is available for a successful acca of ten or more legs. The first acca placed in a calendar week qualifies for the Acca Boost offer and the maximum stake for the offer is capped at £25.
For more info and to ‘Opt In’ head over to Betfair & select ‘promotions’!
T&C’s apply, 18+