Betfair Free Bet

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Owned by Flutter Entertainment, Betfair is one of the leading online bookmakers currently available to punters across the globe and has been since its launch date in June 2000.

Max £20 cash refund. Bet must be placed in first 7 days of account opening. Payment restrictions apply. T&Cs apply. T&C's Apply

Unlike many other bookmakers, Betfair is an exchange betting site that allows punters to bet against other punters odds. You can find out more about exchange betting below in this review.

If you are looking for free bets, great coverage and competitive prices. Then, Betfair may be the perfect online bookmaker for you.

£20 Risk Free Exchange Bet

We’ve got an exclusive Betfair free bet for all new players who haven’t already signed up to Betfair. You can get a £20 risk free bet when you register a new account. This bet must be used on the betting exchange and will be paid in cash!

Please remember to use the code VAL225 when you do the registration to qualify for this offer.

How does it work?

In the first 7 days of registering a new account with Betfair, a player must risk up to £20. If the £20 is lost on the Exchange, Betfair will refund the account with a £20 cash refund. This allows new players the benefit of placing their bets with reduced risk, knowing they will be reimbursed up to £20 of their lost bet/s.


Betfair positioned itself uniquely from the start, introducing a new method of betting through trade. Betfair was the first exchange betting site out there and this put it ahead of the game. Unlike traditional bookmakers, punters were given the opportunity to choose their own odds and trade their position versus other punters.

This quickly shot Betfair to the top of the leaderboard as the UK’s favourite betting site and through continuous improvement, holds itself as a reputable and trusted betting site favoured by UK punters.

With the merging of Paddy Power, this betting site went from strength to strength since its first entrance to the online markets, decades ago.

We’ve got an exclusive Betfair free bet for all new players who haven’t already signed up to Betfair. Find out how to use the code, how it compares with other free bets, and what sort of things you can expect to nd at this quality online sportsbook at our Betfair page here at MaxFreeBets.

Betfair is one of the most well know betting sites around, partly because of its excellent betting exchange. It’s also because it offers great promos and offers. The company now claims to have more than 4 million players who are spread across all corners of the globe, this is a huge feat and it’s not a surprise when you see how well their sportsbook has been designed.

Claiming your Betfair £20 Free Bets

Betfair is one of the most well know betting sites around, partly because of its excellent betting exchange. It’s also because it offers great promos and offers. The company now claims to have more than 4 million players who are spread across all corners of the globe, this is a huge feat and it’s not a surprise when you see how well their sportsbook has been designed.

  1. Click on any link in our site to take you to the Betfair signup page.
  2. From there you will be required to sign up by entering your details. Once this has been completed, you can then enter the promo code that we’ve provided if needed.
  3. The promotion requires that players make a qualifying deposit that needs to be completed before receiving the promotion.
  4. Once the qualifying bets have been made, Betfair will honour the current welcome offer.

Pros & Cons


  • Good Promotions
  • Competitive Odds
  • Huge Variety Of Markets


  • Restricted Countries

Can I Claim The Betfair Free Bets without a code?

A lot of betting sites will have a regular welcome bonus for you to claim as soon as you enter. This is often the case at Betfair. Sometimes there will be a promo code, other times not. Make sure you read the terms carefully to see if this is the case with the current promo.

Once you’ve claimed the Betfair promo code (if required), you can then access all other promotions they have on their sportsbook, without the use of a code.

If Betfair’s website provides any further promotions which require a Betfair promo code or betting code, such as a Betfair exchange promo code – which are always valuable – we’ll be the first to let you know but this isn’t very often. We’ll also keep you up to date on any risk free bet deals out there, so you can get a chance to win with no fear of losing out. Always a winner.


4.8Out of 5
4.8 rating
The most trusted

Betfair is the most reliable betting exchange in the world, allowing punters to not only bet versus the traditional bookmaker model but instead, also trade their bets! You’ll find it has a huge range of markets to place your bets on.

Our Scores






Betfair Free Bet Terms and Conditions

  • If you’ve got an account with Betfair or have ever had one, this promo code offer will not be available to you, as it’s for new players only.
  • The qualifying bets must be placed on markets that have the minimum odds specified.
  • When adding the funds to your account, players will need to make sure that they use a debit card or a bank transfer, otherwise, the qualifying bets won’t stand. Once you’ve met the qualification requirements, you’ll then be able to make further credits into your account via e-wallets.
  • Once the T&C’s have been met, Betfair will honour your welcome offer.
  • The promotion must be used within the time limit specified, after that, it will expire and be gone forever.
  • Betfair can cancel or revoke this offer at any time, should they feel the need to. This could be down to foul play or if they sense that the Betfair promotional offer has been abused.

Key Information

🔴 Site Name Betfair
💋 Owner PPB Counterparty Services Limited
📊 Markets

Sports, casino, live casino, exchange

💯 Bonus Percent 100%
💳 Minimum Deposit £10
🔥 License View
📅 Founded 2000
🏪 Software
😄 Social Media Twitter Facebook
📪 Address

PO Box 34467 

London, W6 9WS 

United Kingdom

🔗 Website
😍 Sister Sites Betdaq, Paddy Power, Ladbrokes – All run the same software
💰 Deposit Methods

Neteller, Skrill, PayPal, Web Money, Paysafecard, Check by Mail, ClickandBuy

Overview of our experience at Betfair

A new player logging on to Betfair may find it daunting at first glance. The busy homepage includes a very detailed top menu which may need some time getting used to. Unlike other traditional bookmakers, Betfair offers a unique feature called the exchange which differs from the sportsbook product many punters are more familiar with.

The website, however, proved responsive, although not as responsive as their native app which we recommend downloading for a better mobile experience. The branding and user interface, however, are very inviting and you get a real sense of playing with a very experienced bet provider.

These are the Terms and Conditions

We always recommend that new players read the terms and conditions of each promotion they wish to sign up to, in order to avoid any disappointment later down the road. Below, we’ve listed the main factors that you should know before signing up:

  1. You can only take part in this offer if you are not an existing or a previous Betfair account holder.
  2. The first Exchange bet you place within 7 days of registering your new Betfair account can risk up to £20. Your bet must settle in this period too.
  3. If you place a qualifying bet as set out above, and that bet loses within 7 days of account opening, we will refund your stake in cash, up to a maximum of £20.
  4. We’ll aim to credit your account within 72 hours of your qualifying bet being settled

Please read full T&Cs before claiming the offer. These are found linked to the betting offer of your choosing.

There are also a  number of other promotions on offer from Betfair throughout the year, which change regularly. Don’t forget to check out our Betfair promotions page for the best Betfair offers!

More Offers & Promotions

Betfair sports and the Betfair casino will offer customers a variety of bonuses and other promotions once they have registered accounts. These offers will vary in a number of ways, including free bets, deposit bonuses and acca insurance.

To see what promotions are available to you, you will need to register an account.

Betfair has some of the top existing customer offers currently available, be sure to head over register and check out all the existing customer offers.

Is Betfair Trustworthy?

Apart from being regulated by the UKGC, Betfair has a number of measures in place to help ease the minds of new and existing players. It is a top priority for the world’s largest exchange to emphasise on the security of the website. This plays a big part as to why Betfair is so popular and trusted among UK players.

Betfair users a 2-Step Authentication to reduce the risk of player accounts from becoming compromised. In addition to your username and password, Betfair’s system will ask you to enter a one-time code. You may already be familiar with this method and is becoming a standard practice. The one-time generated code required to sign into your account, changes every 30 seconds and therefore makes it incredibly secure and trustworthy to have an account with.

Moreover, Betfair is ISO27001 certified – this is regarded as the global standard for Information Security Management and undergoes the most stringent of tests which looks at the policies, standards and procedures in place that help protect the customer as well as the business.

Firewalls, SSL, intrusion detection systems and traffic analysis solutions examine every byte of data that is accumulated adding another layer of constant and consistent protection.

How To Use Your Free Bet

You would be hard-pressed not to find a sport market of your choice on Betfair. The range of markets offered spoils the punter and is often overwhelming. And if a sport is not available, Betfair will consider its addition depending on the popularity or request for that particular sport or market.

Betfair’s main markets and popular sports are influenced by their most popular player audience; the UK. You’ll find a comprehensive amount of markets for Football and Horse Racing, especially.

The ability to trade gives customers more flexibility and better odds than the next traditional betting site.

Betfair Live Streaming / In-Play Betting

With roughly 13 sports to bet on, Betfair’s in-play markets are a fair amount. The most popular and available markets will include football, horse racing, tennis and cricket, to name a few.

The interface itself is user-friendly, seemingly complex at first glance perhaps to some, however the distinct palette of colours used, help users navigate and get around more easily. A mixture of infographic, statistics and toggle options, it is designed with the punter in mind and more importantly, with the intent of being quick and efficient.

We consider Betfair’s In-play features to be amongst the very best and therefore highly recommend it to both new and experienced players for it’s clean and customer-first led design.

It’s important to note that whilst all live streaming content on Betfair is free to view unless it includes UK, Irish or UAE horse racing. In these cases, a 50p minimum bet is required to view. US and South African horse racing, on the other hand, require at least a £2 bet on the event, in order to view the Live Streaming feed.

The live-streaming product in our experience was reliable although somewhat limited in terms of available sports. Predominantly, you will find horse racing and greyhound racing however far fewer fixtures from other sports.

Cash-Out Betting

A feature that is also available on Betfair, is the popular cash-out option. This option gives punters the ability to cash-out of their bet to minimise their risk, or to capitalize on their position.

Imagine your position becomes profitable or favourable, Betfair allows you to cash-out and lock your profits or winnings in. This quickly places your betting faith in your hands, and the ability to bet on other markets rather than having to wait for the game to finalise.

Go a step further, and you’ll find Betfair allows for an adjustable cash out meaning you can select the odds you’d like to cash out with. Once these odds are reached, your bet will cash out automatically.

It’s an increasingly popular option and we found it to be very responsive, and fair when compared to other betting sites who may be a little less generous when rewarding your winning position.

Betfair Payment Methods

Given the size and reputation of this betting site, we found no issues with making deposits or withdrawals within a timely manner. The most common deposit methods are available and include the following:

  • PayPal
  • Skrill
  • Web Money
  • Paysafecard
  • Neteller
  • Check by Mail
  • ClickandBuy
  • Maestro
  • Bank Transfer
  • Western Union

Please be aware that the laws in the UK have changed, meaning that all betting companies will no longer be able to accept deposits or top-ups to your accounts from Credit Cards or Revolut Cards.

We highly recommend that you read the terms and conditions of these payment methods to avoid any disappointment and to be aware of processing times.


When making a withdrawal, Betfair advises that you can only make a withdrawal to the same method you made a deposit with. Therefore this is dependant on your choice and the available method indicated in your Betfair Account, under the ‘Withdraw Options’.

However, in some cases such as UK issued Mastercards do not provide the option to transfer money back to the deposit account. This means that an alternate withdrawal method will have to be chosen.

Withdrawal times are listed below for your reference:

Betfair Customer Service Options

From our experience, the Customer Service is robust. Whilst the support team might not always be as readily available (understandable given the size of the brand and company), we found that using alternate methods may lessen the waiting time.

Betfair encourages its customers to make full use of their comprehensive FAQ section which we highly recommend. Alternatively, if you have not found your answer, you may contact Betfair in a variety of ways: phone, email or live chat!

Lastly, you might want to try also getting in touch via social media, in particular over Facebook. The responses from the Customer Service team are detailed and delivered within a reasonable time frame. We, therefore, score this factor highly for Betfair and we hope they continue to improve on their response times. They are available 24/7.

About Betfair

Hours are poured in by the development team to continuously improve the design and functionality of the website. It may be a handful when first logging on, and it may discourage a new user that wants to place a single bet. However, what you will come to find over a more frequent amount of use, is that Betfair has done an incredible job and segmenting large amounts of information and data which assist the user in streamlining their actions.

The colours are inviting and the user interface is friendly. Whether using the website on browser, the mobile version of the site or the app, we recommend Betfair for their continuous improvement in design and function.

Our recommendation is to use the app which on mobile, seemed to be a little more responsive and optimized.

Betfair Mobile App

The Betfair mobile app is a slick and reliable betting tool that will satisfy the most demanding of experienced and new players. Upon first glance, it does not have the same fanfare the website may have however this is due to the concept of keeping the app more manageable and friendly.

The app is very interactive, meaning that when we navigated through the various markets and sports, the response had very little to no lag and therefore offered a near-seamless experience. This meant that we were comfortable navigating back and forth without the concern of crashing the app or stalling it – we can all agree this is a pain that we wish to avoid especially when making more time sensitive bets.

We recommend the Betfair app over the mobile experience, however it may differ slightly depending on the device you are using, and whether it is an android or iOS.

Opening An Account

If you’ve read this review and decided that Betfair is the betting site of your choice, you will be among good company as this is the world’s largest and most popular exchange. Signing up is relatively easy and the following page is dedicated to it:

The registration process requires:

  1. Logging onto
  2. Enter the details required such as your name etc.
  3. You may set the currency of your choice, enter your email details as well as set security questions as part of Betfair’s many security features.
  4. You may also set a Deposit Limit from the start, for the player who wishes to limit their transactions.
  5. Finally, you may enter a free bet code.
  6. Choose whether you would like to receive more offers and promotions.
  7. Accept the terms and conditions which we recommend you read.
  8. Click Join Now to complete the registration process.

Betfair Casino

There are well over 200+ games available on Betfair Casino, this including virtual and live casino games. The games are powered by an industry giant, Playtech which means they have access to some of the most popular games on the market. This, however, is not their speciality and therefore whilst larger competitors may offer more choice, Betfair has made the most popular games available to its audience.

The live casino was our favourite feature with 50 live tables available, ranging from Live Baccarat, to Live Roulette, Poker and Live 3 Card Brag to name a few. What’s more is that the environment is secure and makes further use of Playtech’s own software and security checks meaning can play without having any concerns.

Betfair Free Bet Summary

Betfair is highly regarded as the betting site of choice for the majority of UK punters and since merging with Paddy Power, their reputation has only continued to strengthen. They are one of the giants in the betting world, and you would be hard-pressed to find a more reliable and trustworthy website.

We thoroughly enjoyed the website, the various markets available, including those in-play and finally, we found their customer service to be more than adequate and timely. Continuous improvements have earned Betfair a solid reputation, one which can be trusted even by the most discerning of new players.

The deposit and withdrawal options are plenty, therefore this will not impede you from placing your bets or collecting your winnings. Finally, we found that it was a pleasure to navigate through their various products including the exchange, sportsbook and casino.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.