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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 always amongst the best available, but they’ve made it even better during this week’s Cheltenham Festival.

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 a £5 bet on any race at the festival. That impressive bonus-to-outlay ratio is comparable to the best available sign-up offers.

The sign-up offer’s simplicity makes it even better. New Betfair customers are credited with their rewards as soon as their qualifying bet settles. The 1/2 minimum odds requirement is outstanding, especially compared to other bookmakers’ welcome offers.

Once the free bets are in your account, you can use the free bet bonuses on any sport you want. 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. You can’t withdraw your Betfair free bets 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. Use the link below to access the Betfair registration page.

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

2. Complete the Betfair registration process.

3. Deposit a minimum of £5 into your Betfair account using a debit card or Apple Pay.

4. Place a £5 bet on Cheltenham with minimum odds of 1/2 on the Betfair Sportsbook.

5. The £20 Betfair free bet rewards will be credited to your Betfair account after your qualifying bet has settled.

Betfair’s welcome offer significant terms and conditions

Can you take part?

  • You can only take part in this offer if you are not an existing or a previous Betfair account holder.
  • This offer is available to accounts registered in United Kingdom, Rep of Ireland

What do I need to do?

  • Open a new account using promo code ZBHC01.
  • Verify your number by SMS.
  • Deposit a minimum of £5 using a Debit card or Apple Pay.
  • Place a minimum £5 bet on the Betfair Sportsbook.
  • Min odds 1/2 (1.5).
  • Qualifying requirements must be completed within 30 days of account opening

What can I win?

  • The £20 Sportsbook free bet will be awarded after the qualifying bet has settled

What else do I need to know?

  • 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.

Other essential stuff.

  • Betfair standard promotional terms apply,

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

Sign-up offers are the biggest technique betting sites use to attract new customers. Betfair’s welcome offer provides excellent value. It offers a massive bet bonus and 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 or Apple Pay 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.

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 grab £20 in free bet rewards when you place a bet of £5.

There’s a detailed step-by-step guide on how to claim the Betfair welcome offer and the £20 in free bets it gives you on this page. Use one of the links on bookmakers.tv to ensure you go to the correct screen to claim the best available Betfair welcome offer.

Betfair’s welcome offer is the best place to start. New customers can grab £20 in Betfair free bet bonuses when they place a bet of £5. Betfair also runs other promotions, like Bet Builder Free Bets, that allow 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