Betfair sign up offer: Bet £10, get £50 in bonus bets

Betfair is one of the UK’s biggest sports betting hubs thanks to its fixed-odds sportsbook and betting exchange, both of which are housed under the same roof.

Bettors therefore have a choice of dipping their toe into exchange betting, where punters bet against one another, or going for the more standard online bookmaker set-up.

Those more comfortable with fixed-odds betting sites can currently claim £50 in free bets as part of the recently updated Betfair welcome offer. We’ve taken a look at the Betfair new customer offer and the online bookmaker as a whole.

Betfair sign up offer explained

New customers who stake £10 on the Betfair sportsbook will receive £50 in free bets, credited as five £10 tokens.

These free bets are for bet builders, accumulators or multiples rather than single bets.

This bet £10 get £50 offer from Betfair only applies to sportsbook. Bets placed on the exchange do not qualify for the offer, nor can the free bets rewarded be used on the exchange.

How to claim the Betfair sign up offer

Step 1: Click one of the links on this page and complete the registration process.

Step 2: Make a first deposit of at least £10 using an eligible payment method.

Step 3: Place a single qualifying bet of £10 or more on the Betfair sportsbook.

Step 4: Once that bet settles, the five £10 free bets will be credited, visible in the My Bonuses tab.

Step 5: Use the free bets on bet builders, accumulators or multiples before they expire.

Terms and conditions of Betfair welcome offer

• Betfair sign up offer is for new customers only - existing or previous Betfair account holders do not qualify.
• New customers must be UK or Republic of Ireland residents aged 18 or over.
• This offer is a sportsbook exclusive. Bets placed on the exchange do not qualify for the offer, nor are the free bets usable on the exchange.
• Promo code ZSKAOL is applied automatically via the offer banner or link and cannot be entered manually.
• Phone verification is required. Customers need a device capable of receiving an SMS.
• Deposit must be a minimum of £10 via Pay by Bank, debit card or Apple Pay.
• Qualifying bet must be a single sportsbook bet of £10 or more at minimum odds of 1/1 (2.0), completed within 30 days of account opening.
• The offer excludes the following bet types: Canadian, Goliath, Heinz, Lucky 15, Lucky 31, Lucky 63, Patent, Super Heinz, Trixie and Yankee.
• Cashed out or partially cashed out bets do not qualify.
• Bets placed using free bets as the stake, in full or in part, do not qualify.
• Reward is five £10 free bets (£50 total), usable on bet builders, accumulators or multiples only - not on single bets - with no sport restriction.
• Free bet stakes are not returned with winnings.
• Free bets are valid for 30 days after being awarded.
• Cannot be used in conjunction with any other offer or sign up offer.

How the Betfair offer compares to other bookmakers

Betfair provides one of the biggest welcome bonuses among UK betting sites. New customers receive £50 in free bets, a sum only Betfred and Paddy Power can match, with Spreadex the sole bookmaker currently offering a bigger welcome bonus.

The free bets are all restricted to multi-bet types, such as accumulators or bet builders, which may put off some punters.

However, if you are the type of bettor who only has a Saturday accumulator on the football in terms of multi bets, then the offer and the 30-day expiry on the free bets may appeal.

Pros and cons of the Betfair welcome bonus

Betfair review

Betfair exchange

The exchange is the biggest draw for Betfair, setting it apart from other comparable bookmakers.

Alongside its standard sportsbook, Betfair runs a betting exchange, where customers bet against other customers rather than against a bookmaker. Punters can both back and lay selections - effectively acting as the bookmaker on a lay bet.

Exchange odds are often better than fixed-odds sportsbook prices on the same event, since they're set by supply and demand between customers rather than by Betfair's own pricing team.

Betfair does charge a commission on winning bets, and the exchange has its own welcome offer, although it’s not as big as the Betfair sportsbook sign up offer.

Promotions for existing customers

Betfair run a host of ongoing promotions for existing customers across its sportsbook.

The 90-minute guarantee is unique among football betting sites. It’s only available on selected competitions, but it means that bettors are paid out as winners on match result wagers should their selection be ahead when the clock hits 90 minutes, no matter the final outcome.

Second Chance tokens are occasionally handed out to punters and can be used on bet builders, multis, and accas with three legs or more. If one leg of your bet lets you down, you will get your money back as a free bet.

Similarly, Bet Boost tokens are invitation-only tokens that add a percentage boost to a bet’s odds. These are usable on singles, accumulators or bet builders.

Betfair app

The Betfair app currently holds a 4.7 out of 5 rating on the Apple App Store from over 83,000 ratings, and 4.3 out of 5 on Google Play.

Punters can use the Betfair app for both sportsbook betting and the exchange. Features now standard across UK betting apps, such as in-play betting, live streaming and cash out, are found on the Betfair app

Occasional app lagging and other issues, such as being logged out when placing or cashing out bets, have been reported by users, but not in huge numbers.

Payment methods

Betfair offers quite a few different payment methods, especially compared to competitors. The bookmaker does not charge fees for withdrawals or deposits via any of its standard methods.

Despite the broad range of payment methods, new customers can only qualify for the Betfair welcome offer by making an initial deposit via debit card, Pay By Bank, or Apple Pay.

Live streaming

To access live streaming on Betfair, select the in-play tab and look for streamable events.

To watch football, generally no bet is needed, while streaming any UK and Irish horse racing requires a £1 qualifying bet on the sportsbook, which is standard on most horse racing betting sites.

Betfair claims to stream 70,000 events a year. This spans football, cricket, tennis, esports, snooker and NBA basketball, with 200-plus in-play football markets per fixture backed by Opta-powered live stats.

Streams are viewable alongside in-play betting markets on the same screen, allowing you to place bets whilst still watching the action.

Responsible gambling at Betfair

Betfair provides a host of responsible gambling tools that can help you keep betting safe. These include deposit limits, session time reminders, loss limits, time-outs, and GAMSTOP integration for self-exclusion across multiple operators.

By setting a budget, taking regular breaks, and not chasing losses, you can keep betting safe and limit any chance of problem gambling.

Betting should always be fun and a source of entertainment, and never relied upon as a source of income.

You can find more information about problem gambling and how to bet responsibly at the following websites:

• GambleAware (gambleaware.org)
• GamCare (gamcare.org.uk)
• Gamblers Anonymous (gamblersanonymous.org.uk)
• NHS (nhs.uk)

Betfair is licensed by the UK Gambling Commission (UKGC).

FAQs

How long does a Betfair withdrawal take?

Withdrawal speed will depend on the method used. Betfair has instant options, such as Pay By Bank, debit card and Apple Pay. The majority of the other methods take between four hours and one day.

Does Betfair have a no deposit bonus?

Betfair's current sign up offer requires a qualifying deposit and a £10 bet, so there is no no-deposit reward available - be clear about this rather than implying otherwise.

What is the minimum deposit at Betfair?

Betfair has a confirmed £5 minimum for debit card deposits and a higher £30 minimum for e-wallets. You can check the payment methods section above for the full breakdown.

Alternative bookmaker welcome offer and reviews

We aim to offer every online gambler and reader of The Standard a safe and fair platform through unbiased reviews and offers from the UK's best online gambling companies.

Gambling can be addictive, always play responsibly and only bet what you can afford to lose. Gambling sites have a number of tools to assist you to stay in control, including deposit limits and time outs. If you think you have a problem, advice and support is available for you now from BeGambleAware or Gamcare.

Any offers or odds listed in this article are correct at the time of publication but are subject to change. Terms & Conditions apply to all offers.