BetSmart Rating: 4.2
Betfred Sports went live in Colorado in September 2020. However, the brand behind the sportsbook has a history dating back to 1967. Betfred is one of the largest sportsbooks in the UK and it is now leveraging its vast experience and reputation to deliver a sports betting product to the U.S. market.
In this review, you will find all the information you need to know before signing up, including details about the $500 welcome bonus.
The Betfred sportsbook is currently available in the following states:
Betfred Sports is ramping up its available bonuses and promotions for Colorado bettors and is offering some great rewards. You can get started with a risk-free bet and benefit from daily boosts for better results.
Sign-up bonus
Newly registered users are automatically eligible for a $500 risk-free bet. Make an initial deposit and place your first wager of $10 or more. If you lose, the sportsbook will give you back the stake as a free bet. The matched amount can climb to $500, issued in $100 increments. Then you can place another wager using the free bet.
Loyalty bonus
Betfred Sports offers daily odds boosts in favor of the bettor, which are displayed from the menu on the left. The selections are usually tied to popular matches and can increase the odds by +100. If you want to place a boosted bet, simply add the selection from the promotional page to the slip.
On-going promotions
The operator sometimes draws up special promotions to reward active bettors. Betfred Sports, one of the official sponsors of the Denver Broncos, recently gave away free tickets to followers of their social media channels. Follow @BetfredSports on Twitter, Facebook and Instagram to keep tabs on the latest giveaways.
Betfred Sports also offers some free games for cash prizes. The weekly ‘Betfred Sports Pick 6’ promotion rewards registered players with a $100 free bet, for those that answer six out of 10 questions correctly.
Deposit options
Players can easily deposit funds with the online sportsbook, once their account has been registered and verified. The available banking methods are fairly limited, but we expect more to follow in the near future.
| Deposit Method | Fee | Process Time | Minimum Deposit |
|---|---|---|---|
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Free | Instant | $10 |
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Free | Instant | $10 |
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Free | Instant | $10 |
Withdrawal options
Withdrawals from Betfred Sports are safe, secure and processed within one to two banking days. The operator doesn’t take any fees for these transactions.
| Withdrawal Method | Fee | Process Time | Minimum Withdrawal |
|---|---|---|---|
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Free | 2-6 banking days | $20 |
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Free | 2-6 banking days | $10 |
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Free | 2-6 banking days | $10 |
The Betfred Sports product available in Colorado keeps things simple and that’s not a knock. Here, you’ll find the standard features that bettors expect nowadays and you can find a rundown of them here:
Live betting
The in-play offering is one of the best parts about Betfred Sports. It is nicely organized and presents plenty of daily matches. The events can be viewed ahead of time and pinned within your account for quick access. During the live match, Betfred Sports offers a good selection of betting options and some stats to help users follow the action.
Early cash out
Early cash out is supported at the online sportsbook. While this is only available on selected markets, we noticed that the offering is very good. The markets that support cash out are displayed by a little logo consisting of two arrows. After placing the bet, you can choose to cash out from the ‘My Bets’ page at the given odds.
Betfred Sports is a well-established sportsbook in the UK and it has entered the Colorado market with a license from the Division of Gaming. The operator provides proper online security, using digital SSL encryption with 128-bit keys. Players are required to submit government-issued documents for identity verification. Furthermore, users are only allowed to place bets within the state borders with geolocation services turned on.
Colorado Division of Gaming
Iowa Racing and Gaming Commission
Pennsylvania Gaming Control Board
We had a good experience interacting with the Betfred Sports support team, as the agents were very polite and professional. Still, we would like to have seen a live chat feature. Bettors are limited to interactions via email or phone.
Access to Betfred Sports is available exclusively through a desktop or via free app download for Android and iOS devices. The Betfred Sports betting app is secure and has an optimized interface. It supports deposits and withdrawals from the mobile account and features the same bonuses and promotions. To get started, just visit the site from your smartphone and follow the links to download the app.
The newest entrant to the Colorado market is backed by an operator with a strong and long-standing reputation within the industry. While this is an online sportsbook that residents of Colorado can get behind, we'd like to see the operator expand several features. Introducing live chat functionality and adding more banking options should improve engagement. We expect Betfred Sports to address those shortcomings in the near future, largely due to its rapid expansion plans.
Reliable and secure sportsbook
Betfred Sports definitely brings a lot of experience to the table and offers a premium platform. The site is easy to browse and pages load quickly. Bettors never have to worry about security or safety when placing wagers here.
Great option for live betting
The in-play section is one of Betfred Sports’ strengths. That section features several events each month and the betting odds are usually sharp. There are also plenty of markets to check out for the live action, with most of them supporting early cash out.
Mobile apps for betting on the go
Mobile sports betting is definitely a big trend nowadays and Betfred Sports aims to capitalize on it with its free sportsbook apps. They provide direct access to the action and include geolocation services for legal betting within Colorado.
Yes, Betfred Sports is a valid and legal online sportsbook available to residents of Colorado. They are licensed and regulated by the Colorado Division of Gaming to provide real money sports betting services.
Betfred Sports is currently available in Colorado, Iowa, and Pennsylvania. This review was customised for Colorado bettors.
New players are welcomed with a risk-free bet of up to $500. The offer is available following an initial deposit and no bonus code is required. Simply bet $10 or more to qualify and if you lose, you get the stake back as a bonus free bet.
The featured leagues and sports available now include: NFL, college football, EPL, UFC and boxing, but many other sports and leagues are available as well.
No, Betfred Sports doesn’t accept deposits through Bitcoin or any cryptocurrencies in Colorado.
Yes, funds are released from the real money balance following account verification. Documentation must be submitted in order to verify your identity and location prior to placing a wager.
It can take up to two business days for withdrawal requests to be processed. Once approved, you should receive your funds within a few banking days via bank transfer.
The customer service teams can be reached via email (support.co@betfred.com) and phone (855-769-4878).
