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Betfair Welcome Offer: Bet £5 and Get £20 in Free Bets

Betfair is well known for its betting exchange product, but it also has a highly reputable sportsbook. The Betfair welcome offer is amongst the best available, giving new customers a 400% bonus to outlay ratio.

GET £20 IN FREE BETS When you place a £5 bet on Sportsbook
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 or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly

What is the Betfair sign up offer?

Betfair’s welcome offer gives new customers £20 in free bets as a reward for placing their first £5 bet. That’s an impressive 400% bonus-to-outlay ratio comparable to the best available sign-up offers.

What makes the sign-up offer even better is its simplicity. New Betfair customers are credited with their reward as soon as their qualifying bet settles. The 1/2 minimum odds requirement could be better, especially when compared to other bookmakers’ welcome offers.

Once the free bet is in your account, you can use the free bet bonuses on any sports market. The free bet expires 30 days after you receive it, so keep that in mind if you’re holding on to it for the right bet. The Betfair free bet value cannot be withdrawn like cash, but this is standard practice for all betting sites.

How can I claim the Betfair sign up offer?

Claiming Betfair’s welcome offer is extremely simple, even if you don’t have much experience using betting sites. Follow these steps to claim your Betfair free bets:

  1. Open a new account using the Betfair bonus code on the promotion page.
  1. Verify your phone number via SMS.
  1. Deposit a minimum of £5 into your Betfair account using a debit card.
  1. Place a £5 bet with minimum odds of 1/2 on the Betfair Sportsbook within 30 days of signing up
  1. The £20 Sportsbook free bet will be credited to you Betfair account after the qualifying bet has settled.

Betfair’s welcome offer significant terms and conditions

  • All rewards are valid for 30 days after they have been awarded.
  • Unmatched, unsettled or voided bets will not count towards this promotion.
  • Excludes ‘same market’ bets placed on the Sportsbook.
  • Free bet stakes are not returned with winnings.
  • Bets placed using free bets as the stake (in full or in part) will not qualify.
  • Bets placed on SP (starting price) odds will not qualify.
  • You’ll be able to see details of your free bets in the ‘My Bonuses’ tab which can be accessed at the top of the website.
  • If we find that you have taken part in this promotion using a duplicate account or that you have used more than one account to participate, we reserve the right to withhold your free bets and any winnings earned on the duplicate account.
  • Cashed Out or Partially Cashed out bets are excluded from the promotion.
  • The offer excludes the following bet types: Canadian, Goliath, Heinz, Lucky 15, Lucky 31, Lucky 63, Patent, Super Heinz, Trixie & Yankee.
  • To complete Phone Verification you must have a device capable of receiving an SMS.
  • Betfair standard promotional terms apply.

How does the Betfair new customer offer compare with other betting sites?

Sign-up offers are the biggest methods betting sites use to attract new customers. The value provided by the Betfair welcome offer is excellent. It doesn’t offer the highest value of free bet bonus but has an extremely competitive 400% bonus-to-stake ratio.

The list below details the sign-up offers at some of the biggest betting sites:

Betting SiteSize of qualifying betFree bets on offerBonus to stake ratio
Betfair*£5£20400%
bet365**£10£30300%
BetVictor***£20£40200%
Boylesports****£10£20200%
*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.
**Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required.
***New UK customers (Excluding NI) only. Mobile exclusive. Min Deposit £10. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Account & Payment method restrictions apply. 1 Free Bet offer per customer, household & IP Address only. 18+. T&Cs apply.
****18+ New Customers only. Opt in, bet £20 on Horse Racing, 1/1+ odds in 7 days, no cash out. Get £40 in Free Bets on set markets valid 7 days. Debit Card / Apple Pay payments only. T&Cs apply. See below. begambleaware.org | Please Gamble Responsibly.

Do Betfair offer any free bets to existing customers?

Betting sites know the importance of keeping their existing customers engaged. Offering promotions that allow regular bettors to earn free bets is one of the most common methods they use to reward existing customers. Betfair usually has at least one free bet offer for existing customers, and we’ve detailed their latest promotion below.

Betfair Bet Builder Free Bets

The UK Bookmaker award awards are organised by leading digital sports media company Better Collective. They use customer surveys, market research and long-term data collection to rank major bookmakers in several categories. One of the awards given out was for the best welcome offer. Betfair’s sign-up offer only ranked 14th, meaning they believe it was only an average promo.

The results may be down to the £20 free bet being less than other offers or the 30-day limit you have to use the free bet once it’s in your account. While it didn’t top the table in the sign-up category, it was far from the bottom and does offer an impressive 400% bonus-to-stake ratio.

GET £20 IN FREE BETS When you place a £5 bet on Sportsbook
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 or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly

How did the Betfair welcome offer rank at the 2023 UK bookmaker awards?

The UK Bookmaker Awards are organised by leading digital sports media company Better Collective. They use customer surveys, market research and long-term data collection to rank major bookmakers in several categories. One of the awards given out was for the best welcome offer. Betfair’s sign-up offer only ranked 14th, meaning they believe it was only an average promo. 

The results may be down to the £20 free bet being less than other offers or the 30-day limit you have to use the free bet once it’s in your account. While it didn’t top the table in the sign-up category, it was far from the bottom and does offer an impressive 400% bonus-to-stake ratio.

Betfair free bets and betting offers FAQs

Yes, Betfair does offer new customers a sign-up bonus. Terms apply, but you can earn a free sports bet worth £20 when you place your first bet of £5.

There’s a detailed step-by-step guide on how to claim the Betfair £20 free bet on this page. You can use one of the links on bookmakers.tv to take you to the correct screen to claim the Betfair welcome offer.

Betfair’s welcome offer is the best place to start. New customers can grab a free £20 sports bet when they place their first bet of £5 or more. Betfair runs other promotions, like Bet Builder Free Bets, allowing existing customers to earn free bets.

You can only claim the £20 free bet from Betfair’s welcome offer once, but they regularly run promotions that allow you to earn additional bonuses.

You have 30 days to use any Betfair free bets you earn. Make sure to get your selections in before they disappear from your account.

18+ | Commercial Content | T&Cs apply | Wagering and T&Cs apply | Play Responsibly