Betfred Sportbook Review

  • Up To $1,111 Welcome Offer
  • Huge variety of betting types
  • Personalized Customer Service

Get Up To $1,111 in Fred Bets

Play Now Terms & Conditions

Get Up To $1,111 in Fred Bets

Betfred is an online sportsbook that launched in 2004 and became available in Colorado in 2020. The story of Betfred, however, is much older than that. In fact, the very first sportsbook was a retail outlet that opened its doors in the UK back in 1967. Since then, it has grown to become one of the biggest sportsbooks, offering a great choice of markets and player bonuses. 

In this Betfred review, we will fill you in on all you need to know about this sportsbook. We will cover important topics, such as welcome bonuses and rules, as well as how to get in touch with customer care and how to make the most out of each deposit. 

Betfred CO $500 Welcome Bonus 

Betfred is eager to welcome new players from Colorado and reward them with a 100% match wager bonus of up to $500. This offer is open to all eligible accounts and is rewarded irrespectively of whether your wager wins or loses. 

To claim your Betfred Colorado welcome bonus you must be physically located in the State and be over 21 years of age. Below, you can find additional terms and conditions. 

Welcome Bonus Terms and Conditions 

It is important that you read and understand the offer’s terms and conditions before activating it. In this way, you’ll be able to abide by the rules and withdraw any resulting winnings

You can find the full T&Cs on the Betfred CO website. The following are some of the most important ones: 

  • This offer is valid on the first cash wager after registration with minimum odds of -200 
  • The minimum deposit is $10 
  • Betfred Boosts are not eligible 
  • Free bets must be used within seven days of receipt 

How to Sign Up to Betfred CO and Claim Your Welcome Offer 

Betfred requires all users to register an account before placing their first deposit. The registration process can be completed in a few seconds by following these simple steps: 

  1. Visit Betfred and click on ‘Colorado’ followed by ‘Bet Now’. 
  1. Enter your personal information to register your account. 
  1. Place a qualifying deposit followed by a qualifying bet. 
  1. Your bonus will be automatically deposited into your sportsbook account. 

In line with the sportsbook’s legal requirements, Betfred CO will ask you to enter the last four digits of your social security number. This is done to ensure that you are indeed 21 years or over. 

Ongoing Promotions on Betfred Sportsbook 

As a registered Betfred user, you’ll be able to claim a variety of ongoing promotions throughout each week. These offers and promotions change frequently in order to stay fresh and exciting. As we’re writing this Betfred review, some of the most exciting offers include: 

  • Parlay Insurance – Place a parlay of $50 or more on any supported sport and get a $10 free bet every day. 
  • College Basketball Free Bet – Claim a daily $5 free bet when you place a $25 wager on college basketball. 
  • Double Take – Get double payouts on pro football games when your bet on the first touchdown scorer wins and they score another touchdown during the game. 

Betfred Sportsbook Banking Methods 

Betfred Colorado supports a number of payment methods that you’re likely familiar with. 


You can fund your Betfred account using any of these options: 

  • Play+ (incl. Visa, Mastercard, and PayPal) 
  • Skrill 
  • eCheck 
  • PayNearMe 
  • VIP Preferred 

The sportsbook’s overall minimum deposit limit is $5 via VIP Preferred. Other options have minimum values of between $10 and $20. Skrill, Play+, and PayNearMe provide the fastest transfers. 


The selection of withdrawal options is smaller than deposit options. You can withdraw your funds using: 

  • Play+ (incl. Visa, Mastercard, and PayPal) 
  • Skrill 
  • eCheck 
  • VIP Preferred 

There are no minimum withdrawal limits when using Skrill. Withdrawals via Play+ have a minimum limit of $5 whereas other options require a minimum payment of between $20 and $25. 

Betfred CO Mobile App Review 

You can download the Betfred free mobile app anytime by visiting the website. Available for both Android and iOS devices, the app provides a user-friendly navigation module full of functional elements and intuitive options. This means that you’ll be able to find the markets and options you seek right where you expect them to be. 

Through the Betfred app, you can place your favorite sports bets across all of the sportsbook’s markets. Both pre-game and live bets are included, with shortcuts to basketball, golf, and football games listed right on the homepage. 

Similarly to the Betfred website, the app provides quick links to all current and daily bets. This makes it easier to locate live betting opportunities with minimal hassle. 

Betfred Sportsbook Betting Features 

Betfred gives you access to 11 major sports and 20+ major leagues. The sportsbook is equipped to provide a combination of local, national, and international competitions, featuring an extensive choice of markets with competitive odds. 

One of Betfred’s key features is its range of standards and exotic markets. Rather than simply bet on the winner of the game, you can use a combination of bets to improve your odds and enjoy every twist in the game. Here are some of the most notable options: 

  • Props bets 
  • Team totals 
  • Game parlays 
  • Alternate totals 
  • Halftime winner 
  • Winning margin 
  • To win both halves 
  • Alternate moneylines 
  • First, anytime and last goalscorers 

Betfred is a great place to bet on the Rockies, the Broncos or the Colorado Avalanche. Both pre-game and in-play betting are available, with the latter offering constantly updated odds and the option to cash out early. 

Even though Betfred does not offer the same range of sports and features as some of its competitors, it still manages to offer a comprehensive sports betting service. Alongside live games, you’ll be able to view running commentaries along with key data from the particular match. 

Sports to Bet on – Betfred Sportsbook 

Here are the main sports that you can wager on once you’ve opened a Betfred account: 

  • Baseball 
  • Basketball 
  • Boxing 
  • Football 
  • Golf 
  • Ice Hockey 
  • MMA 
  • Motor Racing 
  • Soccer 
  • Table Tennis 
  • Tennis 

Throughout their respective seasons, Betfred encourages you to experience betting on different sports and teams by offering Betfred Boosts. These enhanced odds provide superior payouts and add further excitement to an already thrilling experience. You can access eligible markets in the Betfred Boosts section of the sportsbook. 

Live Betting on Betfred Website and Mobile App 

Betfred still lacks the selection of in-play betting featured by some of its top competitors. In fact, it can sometimes offer just a couple of live betting options during off-peak hours, whilst other online sportsbooks offer four or five times that number. 

The sportsbook also lacks the selection of short-term wagers commonly found during live bets, such as next team to score. Most of the platform’s markets focus on quarter, half, and full game results

For the markets that it does offer, Betfred provides a user-friendly bet slip that makes it possible to place a bet in two taps or clicks

Betfred Sportsbook – A Legal CO Betting Site 

Whilst there are numerous offshore sportsbooks in Colorado, these are not properly licensed and can be unsafe. Betfred is fully licensed by the Colorado Division of Gaming to offer sports betting to residents of the State. It does this through a partnership with Saratoga Casino Black Hawk, a licensed casino in Colorado. 

The benefits of registering with a licensed sportsbook, such as Betfred, are numerous. They include the likelihood of receiving timely payouts as well as recourse in the case of complaints or other issues. 

Betfred Sportsbook Responsible Gaming 

Betfred takes its commitment to responsible gaming seriously, which is why it offers players the opportunity to set voluntary limits and obtain additional support.  

Once you register an account, you’ll be able to set a limit on deposit and wagering limits, as well as session duration. Whilst you can change these limits, shortening them will only be possible after a cooling down period. 

In conjunction with the Problem Gambling Coalition of Colorado, Betfred offers a page where it explains the risks of online gambling and provides links to organizations that can help those who require additional assistance. 

History and Legalities of Betfred in Colorado 

Betfred was amongst the first licensed sportsbooks in Colorado following the passing of Proposition DD in 2019. As per the law’s requirements, it has partnered with a licensed, land-based casino by the name of Saratoga Casino Black Hawk to offer sports betting to the State’s residents. 

The Betfred website and sportsbook are operated by Betfred Sports (Colorado) LLC, a company that is based and licensed in Colorado. 

Betfred Sportsbook CO Customer Service 

You can get in touch with a Betfred customer support agent via live chat, phone, email, or text. 

Whilst the sportsbook is open 24/7, customer support is only available during the following times: 

  • Mon -Thur: 8am-9pm 
  • Fri – Sun: 8am-11pm 

To complete this Betfred review, we tested the live chat option first-hand and found very short waiting times. Support was provided to us in a courteous and friendly manner, and so we were satisfied with the overall customer service experience. 

Betfred Sportsbook Loyalty Program 

As yet we have no information regarding a Betfred loyalty program. However, registered users can claim a variety of ongoing offers that include free bets and reload bonuses. Be sure to check up on this Betfred review to learn about any new updates. 

Final Thoughts on Betfred Sportsbook Colorado 

Betfred is one of the safest and most reliable sportsbooks in Colorado. Whilst not the biggest, it offers a very good range of sports and markets, backed by top-notch support and a good choice of payment methods. 

The sportsbook’s welcome bonus is very generous, and can be claimed by any eligible Colorado resident. Moreover, once you’ve exhausted this first bonus, you can look forward to a variety of ongoing promotions. 

It is likely that the number of features and services offered by Betfred will continue to increase. By signing up today, you’ll be amongst the first to learn about new opportunities and rewards. 


Is Betfred safe? 

Yes, Betfred is licensed by the State of Colorado and has a long track record of being safe and reliable. 

What can I bet on with Betfred? 

This online sportsbook offers a range of markets across 11 different sports. These include football, ice hockey, and golf. 

Does Betfred Colorado offer a welcome bonus? 

Yes, the sportsbook is rewarding new players with a 100% match wager bonus worth up to $500. 

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