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Betfred Promo Code IA: Claim the latest Iowa Promotional offer from Betfred

Last Updated on 02/27/2024
Fact checked by: Vicky Winters

Enjoy bonus bets with the Promo Code from Betfred Iowa

There are up to $1,111 in bonus bets up for grabs when you register a new account using our Betfred IA promo code. To get started, you simply need to follow the instructions provided for you in this guide.

First up, you can get $111 when you deposit and bet $50+ on a single stake sports wager. Secondly, there is up to $1,000 up for grabs in the form of 50% no sweat bets during your first five weeks as a Betfred account holder in Iowa.

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Who can use our Betfred Iowa promo code?

Anyone aged 21 or older who is physically located within Iowa state borders can use this Betfred promo code to claim the offer mentioned above. You do not have to be an Iowa state resident, as US citizens from elsewhere can register an account and use it while inside the state. This offer is for new account holders only, and so existing Betfred users cannot use our code.

Additionally, the bonus is limited to just one per household and IP address, so double check that no one you live with is already signed up to the Betfred IA sportsbook. Lastly, you cannot create an account and use this promotion if you work for Betfred or an associated company. However, if you fall under this category, you will probably be more than aware.

Claiming the $111 Betfred deposit bonus in Iowa - Step by step

If you are confident that you are eligible for the bonus, then take note of the promo code and follow these steps to get started:

Download

You can use the link on this page to head straight to the operator site. However, from there, you will need to download the app as Betfred IA is a mobile-only operator. The reason behind this has been explained in more detail in our Betfred review. The app is available for both iOS and Android devices.  

Sign up

Now that you have downloaded the app, you can click on the “Registration” button to get started. To fill this out, you will need to create a username and password, and provide some personal information. As well as your full name, address and email, you will also have to provide your SSN number, which will be used to verify your age later on. 

Betfred Iowa bonus code

In the sign-up form, you can enter our promo code in order to activate the welcome bonus. Below the box where you have to enter this code, you will then have to click two checkboxes – one to confirm that you are aged 21+ and another to confirm that you have read the T&Cs. Once this is done you can click the button to complete your registration. 

Deposit

The minimum required deposit to get your $111 in bonus bets is $50. You can make this deposit using ACH/eCheck, Skrill, or by depositing cash at the casino cage in Grand Falls Casino & Golf Resort in Larchwood. This is slightly limited compared to the payment options that are available at Betfred in other states, but you still have the option to cover the three main mediums – online banking, e-wallet and cash. 

Bet

In order to get your $111 in bonus bets you need to place a first wager of at least $50. This must be placed as a single stake, and not multiple, but can be done on any betting market in the sportsbook. Also, you will get your bonus bets regardless of whether or not the offer wins or loses.  

How to get the next Betfred IA promo worth up to $1,000

Once you have claimed and used your $111 in bonus bets, you then have another five week bonus period ahead of you. During each of these five weeks, you can claim up to $200 in no sweat bets. This means that you can get a total of $1,000 if you max out these no sweat bets every week.

However, your no sweat bets are only paid out if your qualifying bet loses, and at 50% the value of your initial stake. An example of how this part of your Betfred IA bonus code works is as follows:

  1. Once you have used your $111 in bonus bets, make an additional deposit.
  2. Place a bet on any sports betting market you like.
  3. If that bet wins, your winnings will be paid into your balance.
  4. However, if it loses you will receive a 50% of your stake back in the form of a bonus bet.
  5. You can repeat the above steps every week until you hit the maximum $200 bonus.

Betfred sign up offer Iowa - Using your bonus bets

Bonus bets at Betfred can only be used on wagers at odds of -200 or greater. In addition to that, your bonus bet amount is not included in your returns. For example, if you use a $10 bonus bet at odds of +200 and you win, your full returns will be $20. Whereas with a real money wager, you would receive $30, as your stake would also be given back to you.

As you can read more about in your sportsbook reviews, these two terms and conditions are extremely common for bonus bets. In actual fact, we have never found a bonus bet where the stake value is returned to you. Other than these two stipulations, there aren’t really any other restrictions attached to bonus bets on this Iowa sportsbook app. Effectively, you can use it on any sports bet and market that you like.

Top tips to get the most out of this Betfred IA bonus code

Now that we have taken a look at the Betfred sign-up bonus in Iowa and how you can claim it, it’s time to learn more about using your bonus bets to your advantage. That’s why our experts have provided you with some top promo tips below:

Make sure to deposit and bet the right amount

First and foremost, make sure that you deposit $50 or more. Secondly, it’s vitally important to highlight the fact that your qualifying bet needs to be a single $50 stake. You cannot, for example, split it into 2 x $25 wagers – this would result in you losing the $111 bonus. 

Use your bonus bets wisely

All bonus bets that you receive should be treated and used like real money. Use them on calculated bets and on sports and markets that you know well. Don’t few them as throwaway tokens on longshot bets that have little-to-no chance of winning. 

Think about value

The value of each bonus bet is not included in your returns, and this is something that needs to be taken into account. For example, let’s say a $20 losing bet has given you a $10 no sweat bet and you use it on a winning wager at odds of +150. In this case, your returns would be $15, which still leaves you $5 down on your initial $20 real money stake. 

Don’t get greedy

When it comes to the $1,000 in no sweat bets, it’s important to remember that this is the maximum that you can claim. You can, and probably should, claim less than this. Don’t deposit and bet more than you can afford just to claim the maximum. Doing so will most likely see you lose money at the end of the day. 

Quit while you’re ahead

With the Betfred IA promo code, there is no requirement to use all of your bonus bets before you can withdraw. And as we said above, there is no obligation to claim the full amount of no sweat bets each week. Therefore, if you find yourself in profit one week, you can stop betting, withdraw and enjoy your winnings. 

Betfred Iowa bonus code - Final verdict

Overall the bonus that you can unlock with our promo code is a decent offer with some potential value. Just remember to use the flexibility of the bonus to your advantage, and to claim the bonus bets within your means. If you play your cards right, this is a sports betting offer that can really enhance your experience when using the Betfred sportsbook IA app.

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Betfred Iowa promo code - FAQ

🏆 What is the promo code for Betfred IA?

You can find the current valid bonus code for this sportsbook app here at Ballislife.com. Additionally, more sportsbook promo codes and bonuses are available on our site. Follow the link for details.

🤔 How do I claim the Betfred IA bonus?

Our experts have put together a handy guide for claiming and using the Betfred bonus in Iowa. This article is up to date and deals with the current offers for new account holders in IA.

❓ How can I use bonus bets at Betfred?

Bonus bets at Betfred are known for having reasonable T&Cs. Full details of what you can use them on have been laid out for you in this review at Ballislife.com.

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