Home / Betfair Sign Up Offer – Get £20 in Free Bets when you place a £5 bet on horse racing

Betfair Sign Up Offer – Get £20 in Free Bets when you place a £5 bet on horse racing

Get £20 in Free Bets When You Bet £5 on Horse Racing

Claim Sign Up Offer

18+ |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

The Latest Betfair Sign Up Offer

Founded in 2000, Betfair is one of the most popular and best-respected sports betting sites in the UK with more than 1.1 million active customers. 

The betting site offers a range of features and services – some of which are not limited to the traditional sports betting model. The world’s biggest betting exchange, a jam-packed casino section, e-sports and virtuals are all unique selling points offered by Betfair. 

Find out everything you need to know about the brand and how to claim the Betfair welcome bonus in our full review below!

Betfair Sign-up Offer Explained

The Betfair sign up offer grants new players £20 in Free Bets when you place a £5 bet on horse racing.

The welcome bonus is, of course, subject to a range of terms and conditions that should be read and understood before signing up and claiming the offer. 

Betfair Sign-up Offer Terms & Conditions

The list of terms and conditions for the Betfair sign-up offer is relatively short, compared to other sign-up offers from betting competitors.

New bettors who do not have a pre-existing Betfair account can claim the welcome offer available. The sign-up bonus is only available to those residing in the United Kingdom or the Republic of Ireland.

All bettors must use the Betfair promo code ZBGC01 when creating their new account on the Betfair sportsbook. This is automatically applied when bettors click the link to create their new betting account.

Once an account is created and verified via SMS, a deposit can be made at Betfair. For the initial deposit, a minimum of £5 made by debit card only is required. These deposit funds can then be used to place the initial horse racing bet at Betfair with a minimum of £5 required with the minimum odds of 1/2 (1.5). 

Once this qualifying bet has settled, bettors will receive £20 in free bets – these can be viewed under the “My Bonuses” tab. The free bets are available to use within 30 days of being awarded. 

Bettors that have claimed the welcome offer are unable to use the Betfair free bets on the following bet types: Canadian, Goliath, Heinz, Lucky 15, Lucky 31, Lucky 63, Patent, Super Heinz, Trixie & Yankee

Why Claim Betfair New Customer Offer? 

The Betfair new customer offer allows new players to join the betting site with an incentive in the form of £20 in free bets. 

Due to the competitive nature of sports betting sites in the UK, the majority of bookies look to offer some form of welcome promotion to entice new sign-ups. Bettors can take advantage of these welcome offers when searching for the right sign-up offer for them. 

The Betfair sign-up offer can be claimed by all new customers without any tricky hidden terms and conditions or large wagering requirements. 

Step By Step Guide on How to Claim the Betfair Welcome Offer

It’s quick and easy for new bettors to sign-up to Betfair, claiming the new player’s welcome bonus in the process, with the following step-by-step guide. 

New players can quickly head over to the Betfair landing page by clicking on the sign up button on this page, highlighting the welcome offer in detail. 

Bettors can then view the bonus terms and conditions before clicking the “Join Now!” button. This opens the Betfair welcome bonus onboarding form, allowing new users to create a betting account. 

Step 2. Complete the Onboarding Form

New users are required to complete the onboarding form in its entirety, entering personal details and information.

New members are required to fill in their full name, date of birth, address and telephone number alongside an email address and password combination that will be used to sign in to the bookmaker.

Bettors will also be requested to complete a security question and answer (e.g. father’s first name, first school etc.) and add any deposit limit they wish. The promo code to claim the Betfair sign up offer will be automatically entered when clicking through from GG.

All bettors will then be required to verify their account via SMS. An alternative verification method can be used if SMS is unavailable. 

Step 3. Place a Horse Racing bet of a Minimum of £5

Once the account has been created, new bettors are required to place a horse racing bet of a minimum value of £5 to trigger the welcome bonus.

This sports bet must be the first bet made with the new account and can be on any market with minimum odds of 1/2 (1.5). All deposits made when claiming the bonus must be made with a debit card. 

Step 4. Receive the Betfair Sign-up Bonus

Once the qualifying initial sports bet has settled, new bettors will receive £20 in free bets for use at Betfair. 

The bonus funds are available for 30 days after they have been issued to a bettor. When used, the free bet stake will not be returned to the player. 

The following bet types are not available when using the Betfair sign-up bonus: Canadian, Goliath, Heinz, Lucky 15, Lucky 31, Lucky 63, Patent, Super Heinz, Trixie & Yankee.

Betfair Existing Customer Promotions

Alongside the welcome offer available at Betfair, several existing customer promotions are offered by the betting brand. 

The existing player promotions available at Betfair are dynamic and although the following promotions are accurate at the time of writing, these may change regularly. 

Odds boost on racing 

Existing players at Betfair can benefit from a racing odds boost on any day of the week (at the time of writing). 

The racing odds boosts are available to all bettors with an existing account at Betfair and can be triggered with the MyOddsboost daily tokens. These can be used on either horse racing or greyhounds and not on the following bet types: in-running, multiples, Each Way Edge, or any price already boosted on-site or virtual racing.

The odds boost can be used up to the maximum stake of £25 and can be applied on any racing market by choosing the “Apply Boost” option in the bet slip. 

To be eligible for the racing odds boost, bettors must have placed at least one wager within the last 30 days to qualify for the My Oddsboost daily tokens. If bettors have not wagered during this time, an initial sports bet is required with access to the My Oddsboost daily tokens offered the following day. 

Enhanced prices on Accas

As part of the daily rewards offered by the team at Betfair, all bettors can claim enhanced prices on accas placed with the sports betting site. 

These bonuses are offered throughout the day, every day with boosted odds of accumulators placed on the Betfair markets. These work much in the same way as the odds boosts on racing with the My Oddsboost daily tokens used to benefit from the increased odds on the Accas.

The maximum stake on these increased odds bets sits at £25 with a maximum of two My Oddsboost bet tokens available per day. 

Money back as a free bet

The money back as a free bet promotion offers all bettors the chance to claim cashback when a horse fails to place.

If a horse does not place 1st, 2nd or 3rd during an event, bettors can claim their losing stake back up to the maximum value of £5. The refund will be issued to bettors within 24 hours of the bet settlement and can be used within 7 days on any horse racing market. 

Bettors should note that only those bets placed on the Exchange ‘Win’ market and the Sportsbook ‘Win and Each-Way’ market will qualify for this promotion. 

Betfair Sportsbook Review

Founded in 2000, Betfair is one of the best-known and most popular sports betting sites in the UK with more than 1.1 million active customers.

With everything from the mobile app and the betting markets to the horse racing offers and live streaming options – check out everything you need to know about the betting giant in our brief Betfair review below. 

Betfair use of technology

The technology used by Betfair is state-of-the-art, particularly so in the betting exchange offered by the brand. 

The Betfair betting exchange uses a model similar to that of the stock market to allow bettors to place wagers against one another rather than against the sportsbook itself. This technology allows for a unique betting experience catering to those looking for the best betting deals. 

Betfair Mobile App

The Betfair mobile app allows bettors to place sports bets on the go with an easy-to-use interface that makes betting a breeze. 

Bettors are able to download the application to any mobile device before logging into their account and jumping straight into the action. 

Betfair User Experience & Interface

The user experience at Betfair is second to none with an impressive interface that makes placing sports bets as simple as possible.

The mobile app offers some of the best user experiences that we’ve seen across any betting site, offering an impressive solution to the often confusing sports betting markets. 

Betfair Betting Markets

There’s a long list of betting markets available at Betfair with countless sports, bet outcomes and accumulator options available for all bettors. 

The betting markets can be enhanced by players by using the My Oddsboost bet tokens, of which two are issued to each bettor each day. These can be used to boost the price of accumulators or single bets with unlimited options available. 

Betfair Horse Racing Offers

Betfair has a range of horse racing offers with a clear focus on offering some of the best options for racing in the UK and Ireland. 

The daily odds boost of racing promotion and money back as cash when a horse doesn’t place form a great duo of bonuses available for bettors interested in the ponies. 

Betfair Live in-play betting

Bettors watching sporting events as they unfold are able to place bets on the event by heading into the “in-play” section of the site.

In-play markets offer a range of different options with the majority of sports, including football, basketball, tennis and golf all covered by Betfair.

Betfair Live Streaming

Live streaming is available at Betfair and can be accessed via Betfair Video with a short time delay of between 2 and 5 seconds. 

This video hub highlights all of the live and scheduled events available for live streaming, covering everything from football and horseracing to tennis and greyhounds. 

Betfair Betting Accumulators

An accumulator typically made up of a minimum of three selections, allows bettors to increase their potential payouts without increasing the risk of individual selections. 

These popular bet types can be created both on the desktop site and in the mobile app via the Betfair Bet Builder. 

Betfair Betting Exchange

Betfair claims to have the world’s largest betting exchange, offering a peer-to-peer betting alternative to the traditional sports betting markets. 

The betting exchange allows players to bet against each other rather than the bookmaker, with the winner paying a small commission to Betfair on the bets placed. This system follows the stock exchange model, replacing shares with sporting events and current affairs. 

Customer Service

The first port of call for bettors looking to address any issues at Betfair is the comprehensive help section featured on the site. 

This section, divided into categories, can either be navigated or searched directly to find the answers to specific betting queries. If bettors are unable to find the answer to their questions, a live chat option can be found beneath the categories in this help centre. 

Bettors are not required to log into their accounts when requesting assistance from the live help assistant. 

Betfair Payment Methods

Betfair offers a range of different payment methods available for bettors to use when both depositing and withdrawing from the betting site.


Deposits can be made quickly and easily at the Betfair site with the majority of available solutions offering instant transactions. 

The following deposit methods are available for use in most countries at Betfair: 

  • Visa/Mastercard
  • Neteller
  • Skrill
  • PayPal
  • Web Money
  • Paysafecard
  • Rapid Transfer

New bettors should note that in order to claim the welcome bonus offered at the betting site, the first deposit must be made with a debit card (Visa/Mastercard). 


Betfair operates with a Net Deposit system, meaning bettors must withdraw with the same method used to deposit where possible.

Withdrawals can be made at Betfair by heading over to the cashier and choosing the withdrawal option. The following withdrawal methods are available to choose from at Betfair: 

  • Visa/Mastercard
  • Neteller
  • Skrill
  • PayPal
  • Bank Transfer

Withdrawal times will vary depending on the banking solution chosen with most processed between 3 and 5 business days. 

Betfair vs Other Bookmakers

Compared to other UK bookmakers, Betfair performs well with competitive odds, a great user interface and a fantastic selection of markets. 

The bookie also offers a good welcome offer for new players alongside an additional casino bonus for fans of slots and table games. Unlike some of its competitors, Betfair offers a betting exchange, providing an alternative to the standard sports betting markets with a peer-to-peer platform. 

Betfair Casino & Esports

In addition to the comprehensive sportsbook offered by Betfair, the brand also allows bettors to play casino and wager on E-sports at the site. 


The Betfair Casino is packed to the brim full of top-quality games from some of the UK’s favourite game providers. 

From top slots including “Starburst”, “Big Bass Bonanza” and “Rich Wilde and the Book of Dead” to Live Casino games such as “Lightning Roulette” from Evolution Gaming and Betfair’s very own Live Blackjack. There’s plenty to see and play at Betfair’s online casino.  

New players looking to join the Betfair Casino may be eligible for the dedicated casino welcome bonus, offering 50 free spins for all new players. 


Alongside the traditional sportsbook offerings available at Betfair, players can also find and place bets on E-sports offered at the site.  

Bettors are able to choose from titles including “Dota 2”, “CS:GO” and “League of Legends” when navigating the betting markets.  

Betfair Responsible Gambling Policy

Betfair is passionate about responsible gambling, offering smart betting tools and information surrounding problem gambling. 

By heading over to the Safer Gambling section on the Betfair site, all bettors can choose from the following responsible gambling tools: 

  • Deposit Limit
  • Loss Limit
  • Time out
  • Session Timer
  • Reality Checks
  • Self Exclusion (Long Break)
  • Budget Calculator
  • Self Assessment

It is recommended that all bettors view and understand the available safe gambling tools available to them and use those that they find helpful. 

Deposit limits, loss limits, time out, session timers and reality checks are fantastic tools for preventing problem gambling. Self Exclusions, budget calculators and self-assessments are great for addressing problem gambling and preventing it from impacting day-to-day life. 

Betfair FAQs (Frequently Asked Questions)

Have a question or query about anything related to the Betfair sportsbook or casino? Check out our comprehensive FAQ below and we’ll (hopefully) be able to help out with a solution!

Can you cash out on Betfair?

Yes, bettors can cash out early when betting with Betfair. This can be accessed from the “My Bets” section. 
Cash-out may not always be available for all bets placed with the sports betting site and with a short processing delay, cash-out requests may be denied in accordance with real-time event changes. 

Can I use my Betfair Free Bets on any Market?

The Betfair free bets received from the welcome offer can be used on any sports betting market except for the following bet types:
Canadian, Goliath, Heinz, Lucky 15, Lucky 31, Lucky 63, Patent, Super Heinz, Trixie & Yankee.

How long does Betfair take to withdraw?

Withdrawals at Betfair typically take between 3 and 5 banking days depending on the banking solution chosen. 

Do you pay a commission on Betfair?

A commission is paid when using the Betfair Exchange with a base rate of 5%. This value can be larger than the final fee with bettors often receiving a discount rate.
Bettors do not pay a commission when betting on the Betfair sportsbook.

What is the Betfair maximum payout?

The maximum payout offered by Betfair differs depending on the sport chosen, the full details of which can be found in the terms and conditions of the sportsbook.
For example, the maximum payout for horse racing is £1,000,000 whereas the maximum payout for the PGA Tour (golf) is £100,000. 

How secure is the Betfair app? 

The Betfair app is highly secure, utilising the latest SSL technology and requiring a secure sign-in process to be completed before a successful login. 

Can you cancel a bet with Betfair?

Bets cannot be cancelled with Betfair once they have been placed. Bettors can request an early cash-out for their placed bet, but this may not always be available. 

Will I incur any loss if a bet is cancelled or voided?

No, any bets that are cancelled or voided will not incur any losses to the bettor. Instead, a full refund will be issued, avoiding any losses. 

What documents are required to verify my Betfair account?

The Betfair Know Your Customer (KYC) verification process is split into two components – personal identification and address verification. 
Personal identification can be completed with either a passport, driving license or
national ID. Address verification can be completed with either a utility bill (less than 6 months old) or a copy of a bank statement (less than 6 months old).

How Can I submit a complaint with Betfair?

Bettors can submit a complaint with Betfair by heading over to the complaints portal, located in the help section of the site. 
This allows bettors to voice their concerns in any area of the site. This should not be used as an alternative to customer support.