Betfair Welcome Offer– Review of the Promotion

The Welcome Bonus Explained: Up to £100 in Free Bets

In short, the Betfair welcome bonus sounds great. £100 in free bets is nothing to turn your nose up at. Nevertheless, in order to receive this full amount, you would first have to bet a mammoth £250. That is a lot of liability, and not many of you would want to spend that in 30 days. In essences, for every 5 x £10 single bets made (min odds of 1/2 or 1.5), you will receive a £20 free bet – and this process can be repeated 5 times, up to the maximum of £100 (5 x £20).

Thus, it is much more likely that you will receive a lot less than the £100 advertised. It’s quite steep requirements, and many other bookies offer much better deals. We would not recommend this sign-up bonus if you are a very new player, and don’t want to invest such huge amounts. Of course, for the seasoned punter, there is the opportunity to use this to your advantage and at the end of the day it still is a lot of free money. It just depends where you are in your betting career, and it is important to know how much is required in order for you to claim this.

How to Get the Welcome Bonus

Getting the Betfair welcome bonus is a simple process. Of course, you may have to place a few bets first in order to receive it, even so it is still an easy line to follow. We have created a very good guide for you below, and if you go through these steps one by one, you will be more than capable of claiming the offer. The most important thing here is to remember this process, and always come back to this page if you are stuck, as it is a good point of reference.

Validity of Bonus

There are a couple of things you should be aware of when looking at the validity of this bonus. Firstly, only bets settled within the first 30 days of the opening of the account will be considered as a qualifying bet. Once you have been accredited the bet, you will then only have 30 days to use it. What’s more, the free bet is only available to residents of the UK or Republic of Ireland. If you aren’t then you should not be partaking in this promo.

Best Odds on UK and Irish Horse Racing

A unique ongoing promo at Betfair is their offer of best odds for horse racing events and races in UK and Ireland. This is fantastic news for any budding horse race enthusiasts and means you will get the best pay out no matter what happens. It truly is a top offer and one that everyone should be happy about!

£20 Betfair Exchange Bonus

A huge attraction of Betfair to many sports betting fans is its betting exchange platform. The exchange allows the punter essentially to play the role of the bookmaker, laying bets and setting the odds for other punters to match. The bookmaker has also attached a pretty decent welcome bonus to their exchange platform. New sign-ups to the exchange can get a free bet of up to £20 if your first bet loses within the first seven days of opening an account.

Promo Code: ZBBC01

A very integral aspect of claiming this welcome offer is that you need to use the promo code for it to be eligible. You need to this at the signing-up stage and the code is ZBBC01. It may be hard to remember, so we’d recommend writing it down on a piece of paper, so you don’t forget it. Or you can use the copy and paste function to make sure you don’t make any mistakes. If you don’t know how to do this there are many guides on the internet to help you.

Wagering Requirements

There are few types of wagering requirements required for this bonus and the main one is that you have to place 5 x £10 single bets in order to receive a £20 free bet. This can be done five times to bring the total up to £200. Now the thing you have to watch out for here is that the minimum odds for the single bets needs to be 1/2 (1.5) or greater.

For those of you who bet on casinos, you probably think this is a good offer. Nevertheless, for a sportsbook it represents a large liability to see you free bets and is something to keep in mind when assessing this bonus.

A Variety of Payment Methods

Getting your hands on the bonus here really couldn’t be easier, thanks to the great payment method coverage. Especially strong are the options for different debit cards. Next to the standard Visa, MasterCard, Visa Debit and Maestro, there is also Delta and Solo card options. Other deposit methods include good e-Wallet coverage, with PayPal, Neteller and Skrill supported. There are a couple of things to note here, largely that Skrill deposits may take a little longer than the immediate deposit time most other operators promise. Click and Buy is the only prepaid card option, which supports depositsbut not withdrawals. On the other hand, there are plenty of transfer methods supported. In addition to the fairly standard Bank Transfer and Cheque, there is also Bank Transfer Express and Western Union. Bear in mind that fees will apply when using Western Union, so if you’re looking for a free deposit method, I would consider looking elsewhere.

*Limits may apply from the payment processor themselves.

Withdrawals are equally well catered for, though Betfair is a little different to the majority of operators in this area. Be aware that Bank Transfer Express requires a fee of £6 for withdrawals. E-Wallet withdrawals are the star of the show here however. The limits are super low, with PayPal and Neteller. With the quick processing times of these methods, Betfair is a great place to play with an e-Wallet.

Conclusion: A Decent Welcome Offer

As is expected from an operator of Betfair’s caliber, the welcome offers here are well designed and hard to say anything bad against. The one disadvantage free bet welcome bonuses often have is that they are often over before they really begin, since they are often single use free bets. The Betfair bonus works really well, as it allows for much fun and profit to be gleaned from the offer. This is a really generous offer that has favourable terms to boot. The addition of an alternative bonus for the exchange is icing on the cake. If free bet bonuses are your thing, then check out the fantastic free bet and casino spins bundle at Betfred, claim your £30 free bet bundle at Betfred.

Unfortunately, the same can’t be said for the range of Betfair promotions. There’s only ever a small handful of promotions available at any one time, which is a shame, as almost every other aspect of the platform is very strong. The advantages and excitement the exchange platform can bring doesn’t make up for this to punters who only want to use the sportsbook. But the welcome bonus alone is more than enough reason to play here.

FAQ

If you have any further questions regarding the Betfair welcome bonus, please feel free to email at info@bestbettingsites.com.

How many free bets can I claim from the welcome offer?

You can only take part in the offer once. Within the offer there is the opportunity to get 5 free bets of £20 each. You must follow the wagering requirements listed above, in order to receive them.

Are there two Betfair sites?

Technically speaking, yes. On this page, we have focused on their sportsbook. They also have a Betfair Exchange, which functions differently and also has separate offers.

How does the Betfair Exchange differ from the sportsbook?

The exchange gives punters the opportunity to either lay or back bets. When laying bets, you can essentially take on the role of a bookmaker, by offering a bet with odds of your choosing. This bet is then live once it has been matched by another punter. When backing a bet, you choose to accept the odds on a selection that another Betfair user has already laid. You can also read a handy run down with pictures on how to place a bet and use the exchange on the Betfair website.