Betfred Horse Racing Betting: The ultimate review
After starting as a single humble shop in Salford in 1967, Betfred has now grown to be one of the biggest betting bookmakers in the UK. With over 1370 betting shops dotted all over the UK, their brand has become synonymous with great value for bets. Nonetheless, they also have a significant online presence, making them the fourth largest bookmaker in the UK. For those wishing to use the platform for horse racing betting, our review will assess every aspect of its online platform, including the selection of markets, the offers you can claim, the live streams you can access and those all-important odds. Read More
- Daily Specials
- Live Streams
- Virtual Racing
- Licensed by:
- UKGC
- #99314
- Accepted Payment Methods:
- Visa
- MasterCard
- Skrill
- Neteller
- Paypal
- Paysafecard
Betfred Horse Racing Offers
If you’re looking for bonuses, few operators can match the velocity of offers Betfred has. Priding itself as the ‘Bonus King,’ the operator offers new bonuses and promotions every single day. Their welcome bonus isn’t bad either, offering £50 in bonuses to be used in both the sportsbook and casino when you deposit £10. Additionally, unlike most other operators, you are free to use the sports bonus however you like.
Thanks to its constant prioritisation of daily bonuses, those looking for the best horse racing betting offers can find new deals pop up almost constantly, such as extra places still counting in certain races and a free bet if your horse finishes second. In addition to this, bettors can also partake in the Totepool. Working like a lottery, all the money that is staked goes into a shared pot which is then split among the winners. Therefore, the money you win is dependent on how many people back that particular horse.
Betfred Horse Racing Odds
Surprisingly, for a bookmaker that prides itself on having so many great daily horse racing promotions, their horse racing odds remain close to the bottom of all operators. With Flat Races odds of 79 – 84.90% and National Jumps odds of 80 – 85.20%, Betfred seriously falls short here. Only being able to muster an overall average of 82.60%, those looking for better odds might do better to check out our Coral horse racing review for an option with higher payouts.
| Flat Races | National Jumps | Average |
|---|---|---|
| 79.89 – 84.90% | 80.24 – 85.20% | 82.60% |
Nevertheless, where Betfred falls down on its initial odds prices it makes up with its Best Odds Guarantee. Only applying to Irish and UK bets placed on that same day, it means that if you place an early bet on a horse and it wins with a higher starting price, you get paid out on that higher price.
Betfred Horse Racing Live Streams
If you love watching horse racing live as it unfolds, then Betfred is the perfect operator for you. Having access to live streams of all British and Irish races, they remain the gold standard when it comes to seeing the races from the comfort of your own home.
In what is considered an industry standard, a minimum bet is required in order to watch the race, yet for this operator, the price seems reasonable. Simply wager either £1 on a single bet or 50p each way and you can stream the race. For more complex bets, such as Yankees, Lucky 15, Lucky 31 and a Goliath, you must stake 1 pound for each individual race that the wager entails. Frustratingly for those bettors who have staked money in the Totepool, their wagers do not allow them to access the races, as only fixed-odds stakes will be counted; but we have found this to be the same when writing every review.
The Betfred Betting App
Betfred’s betting app is available on iOS and Android and covers the full racing programme with racecards, live streaming and the brand’s regular promotions. The layout is simple to find your way around, bets can be placed and cashed out quickly, and price boosts are flagged clearly. A solid mobile option for everyday racing betting.
Payment Methods
In a quite bizarre decision for Betfred, they don’t offer you the same wide amount of payment options available on other sites. This severely limits a large number of bettors who may want to take their business elsewhere. Check out our homepage for other operators that may support your payment method. Nonetheless, they do allow you to make payments with card companies such as Visa, MasterCard and Maestro. For those who don’t want to pay with their debit card, they can use alternative methods such as Paypal, Skrill and Neteller.
Perhaps making up for the lack of payment options, you will be pleased to know that all different methods on offer are processed instantaneously. Additionally, the minimum deposit required to start playing across the board is only £5, with the exception of using a bank transfer that has a minimum deposit of £85. All withdrawals come through in a timely manner, with a minimum of five business days being the longest you have to wait. However, for those wishing to win big on the races, unless you use a bank transfer, the maximum withdrawal limit available only reaches up to a rather disappointing £9,999.999.
Responsible Gambling at Betfred
Betfred holds a licence from the UK Gambling Commission, which means it must provide a full set of safer gambling tools, and it does. You can set deposit limits by day, week or month, take a time-out of between 24 hours and six weeks, switch on reality checks that remind you how long you have been logged in, and review your full account and betting history at any time. Self-exclusion is available directly through your account, and registering with GamStop blocks you from every UK licensed betting site at once, free of charge.
If you feel your betting is becoming a problem, free and confidential help is available from GambleAware and GamCare, which runs the National Gambling Helpline on 0808 8020 133. You must be 18 or over to bet in the UK. Please gamble responsibly. GambleAware.org 18+
Conclusion: Great bonuses
All in all, our review concludes that the major draw of using Betfred is the vast array of bonuses on offer. With daily promotions, a great welcome offer and even bonuses specifically tailored towards horse racing betting itself, they have done everything they can to make sure that they truly deserve the title of the Bonus King. Additionally, while the odds for horse racing still remain relatively poor, their best odds guarantee is a great fail-safe for making sure you get the best possible return for your investment on a horse. With an easy platform to use, and a detailed selection of horse races on offer, not to mention the added incentive of being able to stream all horse races on offer across the entirety of Britain and Ireland, this operator offers great value for anyone looking for a great return on their investment. Overall one of the finest bookmakers available online, there is no better time to open up an account with Betfred and claim your free bonus today. And before you stake, our horse racing naps flag the runners we like best.