Betfair Sign-Up Offer – Bet £5 get £20 in free bets – September 2023

Bet £5, get £20 in free bets Claim Offer

New Customer offer. Place a min £5 bet on the Sportsbook on odds of min 1/2 (1.5), get £20 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. T&Cs apply. Please Gamble Responsibly

Betfair Pros

  • Hugely Popular Betfair Exchange
  • Bet £5, get £20 in free bets when you sign up
  • Acca Edge - industry leading acca insurance

Betfair Cons

  • So many betting markets can be overwhelming

Betfair New Customer Offers

Offer Name Offer details Promo Code

Betfair Promo Code

Bet £5 get £20 in free bets


New Customer offer. Place a min £5 bet on the Sportsbook on odds of min 1/2 (1.5), get £20 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. T&Cs apply. Please Gamble Responsibly

How to use Betfair’s new customer offer this week

Betfair is one of the biggest Bookmakers out there, with a broad offering in their Sportsbook with various sports and markets covered, along with great new customer offers and rewards for existing customers. Once you have an account with Betfair, you can also use the Exchange, a different product from the Sportsbook, but it is a great option to have in your betting armoury. Here is how we plan to use their offer this week.

Selection Stake Odds & Returns
Hoffenheim vs Dortmund – Maximilian Beier to score first £5 £5 returns £45
RB Leipzig vs Bayern – Harry Kane to score first £10 free bet £10 returns £32 (free bet stake not returned)
Bournemouth vs Arsenal – Martin Odegaard to score first £10 free bet £10 returns £70 (free bet stake not returned)

New Customer offer. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards will qualify. T&Cs apply. Please Gamble Responsibly.

Betfair New Customer Offer Explained

The Betfair promo code allows new customers to get £20 in free bets for just a £5 outlay and is a great way to begin your betting at Betfair. When you place your first £5 sports bet with your new account, you will be credited with £20 in free bets to your account to be used within 30 days.

Betfair Promo Code t&c’s

Terms & Conditions
Minimum Odds  

1/2 (1.5)

Minimum Bet £10
Bonus Expiry 30 days of opening an account
Restricted Bets Virtual sports, ‘same market’ bets on Betfair Exchange

How to sign-up for Betfair’s New Customer Offer

Claiming the Betfair bonus code is a very straightforward process – you can do so when signing up to your new account either online or using the App. Below is the step by step process of signing up and claiming the bonus code.

Go to Betfair sign up page

  • Enter Your Details

On the sign-up page, fill out the relevant details for your account

  • Enter Promo Code

On the sign-up page, ensure the “Promo code/Referral code” box contains ZBHC01

It’s as simple as that. Using that promo code, you will qualify for the £20 in free bets when you bet £5 new customer offer.

What Personal Identification does Betfair Require to Sign Up?

When signing up for a Betfair account, you must provide ID and another document for your identification and address verification. You can provide one of a Passport, Driving Licence, or National ID for personal identification. In addition, you will need to provide either a Utility Bill or a copy of a Bank Statement for the address verification – whichever one you provide must be less than six months old.

Our Betfair Review 

Betfair is most famous for its Exchange, the largest globally and started back in 2000. But since they introduced the Sportsbook in 2012, it’s gotten better and better. The extensive range of betting markets and bet types for users makes it hugely appealing, especially to punters that like to bet on different sports and varying bet types. This range also extends to in-play. So if you’re watching an event and see a betting opportunity, you can take advantage of it with vast options available for several different sports and markets whilst the event is in-play.

Existing customer offers can be hard to come by with some betting sites, but certainly not Betfair. They provide daily Odds Boosts on marquee events, giving enhanced odds on bets of their choosing. So for Horse Racing fans, you can bet boosted odds on up to three horses every day. Simply add a horse to your bet slip and use the My Odds Boost token to get an odds increase on that horse. Plus, if you do like to bet on horse racing, Betfair are well-known for offering extra places on races, so be sure to look out for those too. Another offer for existing customers is ideal for people who like to bet on multiples, as Betfair runs an offer of if you bet £20 on multiples or bet builders on any given day, they’ll give you a £5 free bet.

The user experience of Betfair is well developed and, therefore, easy to navigate and place your bets. It’s well laid out on desktop with clear headers for sports and markets, making it easy to find what you’re searching for. If you’re using your mobile, we suggest using the App as it’s the same as the mobile internet version, but a little smoother. Adding selections to your bet slip is simple with clear odds buttons, then placing your bets is easy when in your bet slip with singles and multiples options, making it a speedy process.

Betfair Free Bets Offer Review

The £20 in free bets if you bet £5 welcome offer is one of the most generous in the business. Many bookmaker offers are around the £10 mark, so this offering from Betfair is top-notch. When you place a qualifying £5 bet after joining you will receive £20 in free bets.

And it’s as simple as that. Be sure to use the Betfair promo code ZBHC01 when you first join and that your first bet has minimum odds of 1/2. Your rewards are valid for up to 30 days after they have been awarded. Unmatched, unsettled or voided bets will not count towards this promotion.

Is Betfair Safe?

The clue is in the name! Betfair aims to be fun and fair at all times but should an issue arise they can be contacted on the information below.

Company PPB Counterparty Services Limited
Registration Number C40083
Licence and Regulators Licence Number: MGA/CRP/131/2006

Regulators: Malta Gaming Authority, Gambling Commission

Contact Details 0844 871 7000 @BetfairCS
Address Triq il-Kappillan Mifsud, St. Venera, SVR 1851, Malta
Live Chat

Then use the “Get in touch” button to access Live Chat


Betfair Key Sportsbook Features

Betfair Exchange

The Betfair Exchange is a slightly different way to bet to the Sportsbook. You’re not betting against the bookmaker – you are betting against other punters, like yourself. So the way it works is if you want to place a bet on a team to win, that bet has to be matched by someone betting on that same team not to win. So there are two ways to bet on the Exchange, there is a back bet, which is what punters are familiar with, and the other is a lay bet, where you are betting on an outcome not to happen. Therefore, the punters determine the odds, which can often be different from what the Sportsbook offers. Money must be available from the opposite outcome at the equivalent odds for your bet to be matched. So if you want to back a team to win at odds of 2.4, someone must be willing to lay that team to win at odds of 2.4 to match your bet. If there isn’t any money available at your desired odds by the time the event has finished and the market is no longer active, your bet simply won’t get matched, and you’ll get your money returned into your account.

It’s a slightly different betting dynamic to a Sportsbook, but it can be advantageous, especially when betting at larger odds. Do note that Betfair takes a 5% commission of your winnings, which will be deducted from your returns if your bet wins.

Bet Builder and OddsOnThat

Something Betfair have added recently is their Bet Builder tool. This enables you to create the same game multiple. Navigate to the match you wish to bet on, then go to the Bet Builder tab. It offers a list of eligible markets and you can add any selections from those markets that you want to combine into one bet. These selections will be in your bet slip with their cumulative odds, and you can place your bet! All the selections must succeed for this bet to win, just like an accumulator.

OddsOnThat covers similar markets to what you would find in the Bet Builder section, but these are pre-curated in Betfair and are available for single matches or several different matches/events.

Betfair Live Streaming

Being able to watch the event you’ve placed a bet on makes it so much better, which is why Betfair offering the ability to live stream certain events is excellent. They have a variety of sports that provide a live streaming service, including Football, Horse Racing, Tennis, Basketball, Snooker, and more.

500+ Football Markets

The number of markets Betfair supports make for a football punter’s dream. Match result, goals, cards, corners, throw-ins, individual player markets, plus a load more, make your options at Betfair extremely wide-ranging.

Substitution Guarantee

A nice little insurance offer from Betfair is their Substition Guarantee promotion, where punters will receive money back with the bet voided if you’ve bet on a player-specific market and your chosen player is substituted in the first 10 minutes. This applies to all Premier League, Champions League, Europa League (from Group Stage onwards) matches on selected markets

Earn £10 in cash for every friend you refer

Although quite popular in other industries, earning cash or free bets for referring friends is something you rarely see in the sports betting industry, making Betfair’s offer to earn £10 in cash for every time you refer a friend as a new customer is very intriguing. You’ll receive your reward by sharing your personal referral link and when your friend stakes £10 or more on the Sportsbook, Exchange or Casino, you’ll be credit with £10 in cash to your Betfair account.

What Payment Methods do Betfair accept?

There are several ways to deposit funds into your Betfair account, so if you don’t like using your debit card to do it, there are several other methods at your disposal. It’s straightforward to deposit – just go to your account section, and it’s available under the Payments tab.

Payment Method Fee Processing Time Min Deposit Max Deposit
Visa/Mastercard Debit card Free Immediate £5 £5,000
PayPal Free Immediate £10 £6,000
MuchBetter Free Immediate £10 £20,000
Neteller Free Immediate £12 £32,500
Skrill Free Immediate £10 £32,500
PaysafeCard Free Immediate £5 £400
Bank transfer Free 2-5 working days £10 Bank dependant
Rapid Transfer Free Immediate £10 £4,000


How do I Withdraw money from Betfair?

If you don’t use your debit card, you can use many other depositing methods. It’s also in the same place inside the Payments section of your account. Withdrawals can take up to 5 days to reach your account, depending on what method you use.

Withdrawal Method Fee Processing Time Min Withdrawal
Visa/Mastercard Debit card Free 2-5 banking days £5
PayPal Free Within 8 hours £5
Visa Fast Funds Free Within 2 hours £5
Bank transfer Free 2-3 banking days £5
Express bank transfer £6 Next working day £5
Apple Pay Free 2-5 working days £0.01
Skrill Free 4 hours £0.01
Neteller Free 4 hours £0.01
WebMoney Free 4 hours £0.01
Qiwi Free 4 hours £0.01


Betfair FAQs

How do I claim the Betfair free bet offer?

Claiming the Betfair free bet offer is very straightforward – you can do it as part of the sign-up process. Enter the code ZBHC01 in the “Promo code/Referral code” box during the joining process.

Can I sign-up for Betfair outside the UK?

If you are located in a country where betting is legal, you can sign up to Betfair. But if you are located where betting is illegal, you can’t sign up to Betfair.

When will my Betfair account be credited?

Betfair are generally speedy at settling bets with accounts receiving returns within minutes of settling the bet. Sometimes, it can take a little longer, but that often doesn’t happen.

How do I contact the Betfair customer service team?

You can contact the Betfair customer service team by phone on 0844 871 7000. Failing that, you can get in touch using the live chat service on their website or by using social media channels Twitter or Facebook and contacting them on there.

Which betting markets can I find at Betfair?

The range of betting markets on offer at Betfair is brilliant. There are thousands of options, from the classics such as full-time result, both teams to score and correct score bets to more obscure markets such as players receiving a card or having a certain amount of shots on target. And that’s just Football! Extensive ranges on other sports such as Horse Racing and NFL, plus a host of others, means there won’t be many markets you can’t find on Betfair.

Do Betfair have a maximum payout?

The maximum payout at Betfair is different on a per sport and per market basis. But the maximum payout available is £1,000,000.