Betfair Sign-Up Offer – Get £50 in Free Bets when you Bet £10 on Sportsbook – October 2024

Betfair New Customer Offer Explained

The Betfair welcome offer gives you £50 in Free Bets when you place your first bet of £10 or more.

Our Methodology for Rating & Collecting Information About Betfair

Our experts have researched the Betfair new customer offer with impartial diligence. We have looked in-depth at the offer by visiting the site and completing the sign-up process ourselves.

Therefore, we can present a complete, unbiased view of the process required to claim the Betfair new customer offer.

Along with looking at the promotion details to analyse the potential value and benefits, we also perform our usual checks on everything from licensing to security and customer support. Read more about our Methodology here

Betfair Promo Code t&c’s	Terms & Conditions
Minimum Odds	N/A
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.

• Open New Betfair Account

Go to Betfair sign up page

• Enter Your Details

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

It’s as simple as that!

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, renowned for its global Exchange since 2000, has enhanced its appeal with the Sportsbook introduced in 2012, offering a wide range of markets and bet types, including in-play options. They stand out with regular customer offers like daily Odds Boosts, enhanced odds on up to three horses daily, and extra places on horse races. Additionally, Betfair rewards £5 free bets for £20 bets on multiples or bet builders. The platform is user-friendly, with a well-organized desktop interface and a smoother mobile app, ensuring easy navigation, bet selection, and a quick betting process.

How Do Clients Feel About Betfair

Betfair is a hugely popular betting site that is well-established. That means there has been plenty of feedback from real customers. Our experts look at this information for genuine feedback from personal experiences. 

A significant number of positive comments that we saw recorded by numerous people were about the Betfair customer service. There were plenty of instances where customer service quickly and efficiently solved the issue, which was highly appreciated. 

There seemed to be a distinct dichotomy of what people thought about the value of odds. At the same time, plenty of customers were happy about the quotes they received on the sportsbook and exchange, just as many insinuated that since being taken over by Paddy Power (now Flutter Entertainment), Betfair odds weren’t as strong as they used to be.

We did run into several complaints posted about cashing out on accas, with one punter claiming to have been offered a minimal offer compared to the value of stake played, while another stated, “I placed a 5 team accumulator and four teams won…so I decided to cash out, but one result, showing a 2-1 win wasn’t registering as a win, so wouldn’t allow my cash out.”

How Does Betfair’s Sign-Up Offer Compare With Other Bookmakers?

The format of the Betfair joining bonus is straightforward, which is claiming a free bet for making a qualifying stake. 

Therefore, we can directly compare the bonuses against those offered by other online bookmakers.

Bookmaker	Welcome Offer	Minimum Odds	Minimum Bet
Betfair	Bet £10 Get £50 in free bets	1.5 or greater	£10
Paddy Power	Bet £10 Get £25 in free bets	1.5 or greater	£10
SBK	Bet £10, get £10 In Free Bets	1.5 or greater	£10
BetUK	Bet £10, get £30 In Free Bets	1.5 or greater	£10
BetMGM	Bet £10, get £40 In Free Bets	2.0 or greater	£10
Copybet	Bet £10, get £40 In Free Bets	1.5 or greater	£10
Bet365	Bet £10, get £30 In Free Bets	1.2 or greater	£5
Grosvenor	Double The Odds	n/a	£10 max
Midnite	Bet £10, get £20 In Free Bets	4.0 or greater on accas with 4+ legs	£10
SkyBet	Bet £5 get £30 In Free Bets	2.0 or greater	£5

Are Betfair Odds Fair?

Here are some clear examples of bookmaker margins that we uncovered at Betfair. The bookmaker margin, or overround, directly relates to odds, as it involves the operator’s cut of profit.

Crystal Palace vs Everton – Premier League

Home Win: 2.45

Draw: 3.1

Away Win: 3.1 

Margin: 105.33%

Payout: 94.67%

Chelsea vs Manchester City – Premier League

Home Win: 4.5

Draw: 3.8

Away Win: 1.73

Margin: 106.34%

Payout: 93.66%

Blackburn vs Preston – The Championship

Home Win: 1.91

Draw: 3.6

Away Win: 4.0

Margin: 105.13%

Payout: 94.87%

The conclusions to draw from that are positive. In our opinion, Betfair run some good bookie margins, averaging around the 105% mark for Premier League fixtures.

How Competitive are Betfair’s Odds?

For a closer look at direct odds value against other bookmakers, I performed an odds comparison test on a few Premier League matches, one of the most popular areas of UK betting.

Wolverhampton vs Tottenham – Premier League

The away side, Tottenham, were the favourites in the match outright, with Betfair quoting 2.15 on them to collect three points. This was a good average quote across many bookmakers, matching the likes of Bet365 and SkyBet. BetMGM and BetUK did top them at 2.18 on the Spurs win.

Manchester Utd vs Luton – Premier League

Next, I looked at a match where there was a heavy favourite, with United at very short odds to claim the win. To explore the competitiveness of Betfair odds, I looked at the draw, which Betfair had quoted at 5.5 odds. While Betfair beat the likes of Bet365, Coral and SkyBet in this one, they were strongly out-quoted by BetUK and MGM, who offered 6.0 odds on the draw.

Crystal Palace vs Everton – Premier League

For a final check on Betfair value, I dipped into the Over/Under market for Crystal Palace vs Everton. The match outright odds depicted this as likely being a close encounter. For Under 2.5 Goals, Betfair quoted 1.67, easily beating many main competitors, including Bet365 and BoyleSports. The Betfair odds were only narrowly beaten by Unibet, BetUK and BetMGM at a 1.68 quote.

In summary, combined with some decent margins, the odds comparison showed me that Betfair delivered some excellent fair odds. 

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	https://support.betfair.com/app/home/ 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

The Betfair Bet Builder tool enables you to create a same-game multi. 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 to combine into a single bet. The cumulative odds are automatically calculated. All the selections must succeed for this bet to win, just like an accumulator.

#OddsOnThat

With the Betfair #OddsOnThat feature, options from multiple markets can be selected to create a bet. The difference between this and a Bet Builder is that you build the bet and then reach out to Betfair for a quote on your unique wager. There is no guarantee they will offer a quote.

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.

Cash Out

Cash Out options are widely available across the Betfair sportsbook. The feature lets you settle a bet early if the conditions fall into place. A Cash Out offer will be less than the payout on a fully settled bet because it mitigates some risk. Partial Cash out is also available, where you settle part of an active bet, leaving the rest to run on the wager.

Expert Tips

There is an extensive betting tips section at Betfair. This provides insights from industry experts, covering some of the biggest upcoming football matches, horse racing, golf, cricket and much more.

How is the In-Play Betting Experience on Betfair?

The in-play betting experience at Betfair is comprehensive and focuses on many different sports, including football, tennis, basketball, American football, volleyball, baseball and more.

A live football match page includes an infographic which displays important details from the match as they happen. 

Things like ‘Dangerous Attack’, ‘Shot off Target’, ‘Corner Kick’ and ‘Substitution’ are shown to help portray the game, and in-game match statistics back that up.

The market variety of in-play betting at Betfair is excellent. The markets appear to update quickly, and they have also integrated some of their popular features.

Many live markets are available for Cash Out, while there is a dedicated in-play Bet Builder and even the #OddsOnThat feature. The live in-play betting markets are easy to navigate and run smoothly on their mobile app. Live streams, when available, can accompany the live markets at the same time.

What Payment Methods do Betfair Accept?

There are many payment options for a deposit at Betfair. Note that only a debit card deposit qualifies for the Betfair sign-up offer. Variances in minimum odds are in place across the payment options. 

Payment Method	Fee	Processing Time	Minimum Deposit	Maximum Deposit
Debit Card	Free	Instant	£5	£5,000
Apple Pay	Free	Instant	£5	£99.999
Instant Transfers	Free	Instant	£5	Bank dependent
Cash (at Paddy Power shop)	Free	Instant	£10	n/a
PayPal	Free	Instant	£20	£6,000
Skrill	Free	Instant	£20	£32,500
Neteller	Free	Instant	£20	£32,500
Paysafecard	Free	Instant	£20	£400
Bank Transfer	Free	Instant	£20	Bank dependant
Rapid Transfer	Free	Instant	£20	£4,000
MuchBetter	Free	Instant	£20	£20,000

How do I Withdraw Money from Betfair?

Betfair operates on a Net Deposit system, a ‘Closed Loop Policy’. The deposit method used is the one that you will have to withdraw back to. Customers can have more than one payment/withdrawal option on their account. 

A positive Net Deposit amount is required to withdraw, meaning that you must have deposited more than you have withdrawn to any payment source.​​

Withdrawal Method	Fee	Processing Time	Minimum Withdrawal
Debit Card	Free	2-5 working days	£0.01
Apple Pay	Free	2-3 working days	£0.01
Instant Transfers	Free	Immediately	£0.01
PayPal	Free	1-4 hours	£1
Skrill	Free	1-4 hours	£1
Neteller	Free	1-4 hours	£1
Bank Transfer	Free	1-5 working days	£10
Rapid Transfer	Free	2-3 working days	£0.01
MuchBetter	Free	Up to 24 hours	£0.01

Betfair FAQs

How many people use Betfair?

With their worldwide operations, Betfair reportedly have more than 3 million customers.

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.