You will receive your Betfred free bet within 48 hours providing: You have made a first deposit using the Betfred promo code: BETFRED50. You have made a bet of at least £10 at odds of evens or bigger on any sports market and had that bet settled within 60 days. Once you have placed the qualified bet you will receive your free bet credit. You have a mximum of 7 days to use the free bet on any sports market.