Free Money from Betfair

Not sure if this belongs here or is a bargain (or is neither!) but…

Betfair are currently running a promotion where if you are referred by a friend, and you place bets totalling $50, when they are matched you and your 'friend' are credited with a $100 each. I am usually skeptical of these promotions as there is usually a condition attached that you then need to turn the credited amount over x number of times before you can withdraw it (so the odds are you won't).

The difference with this one is that there is no restriction on withdrawing the $100 immediately, meaning even if you lose your deposited $50 in bets you can withdraw the $100 immediately.

You will need a referral code when you sign up…and I am obviously happy for you to use mine:

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A few things to keep in mind:

You must be a new member
If you deposit using credit card they take a 1.5% fee, so deposit $51 instead of $50 so you can bet the full $50.
The bet has to settle (ie end) before you are credited. If you want the credit straight away bet it on an event ending soon.

Happy punting!

Related Stores

betfair.com
betfair.com

Comments

  • +1

    PLEASE NOTE WITH BETFAIR AND CREDIT CARD DEPOSITS

    When I did mine, I noticed that they put the credit card transaction as a CASH ADVANCE and it is PROCESSED IN THE UK.

    Credit cards usually have additional fees for international cash advances (I got hit with a $5.95 fee), cash advances usually attract a higher interest rate (more risk) and they do not usualyl qualify for the interest free period on most credit cards.

    This is in addition to the 1.5% processing fee Betfair charges.

    If all you are doing is to get the $100, just use the bank transfer option (they have a local bank account). It's free, just takes a couple of days longer.

    • Mine definitely weren't done as a cash advance, just a normal credit purchase. Anyway yes if you use bank deposit then you take that component out.

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