Tuesday, May 30, 2023

Betting Promo Codes For Free Bets May 2023

What are the best betting promo codes for sports fans? Well, the answer depends on the types of offer you’re looking for but, here at Punters Lounge, we’ve got promo codes for all the top-rated betting sites. From Bet365 and Paddy Power to the promo code for Betfred, we’ve got you covered.

Not only that, you’ll find all the information you need to get maximum value from your time online right here on this page. So, if you’re ready to learn about deposit bonuses, risk-free bets, and promo codes, scroll down and let’s get started.

bet365 Sport Promo Code

Bet £10 & Get £30 in Free Bets
Claim Promo Code

New Customers only. Bet £10* & Get £50* in Free Bets. Sign up, deposit between £5* and £10* to your account and bet365 will give you five times that value in Free Bets when you place qualifying bets to the same value and they are settled. Free Bets are paid as Bet Credits. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.

Paddy Power Promo Code

Bet £10 & Get It Back As Cash If Loses
Claim Promo Code

New customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.

William Hill Promo Code

Bet £10 Get £40 in free bets (mobile only)
Claim Promo Code

18+. Play Safe. From 00:01 on 18.10.2022. 4x £10 free bets. Free bets expire after 30 days. New customers only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook (excluding Virtual markets). Further terms apply.  #ad 

Betfred Promo Code

Bet £10 Get £40 in Bonuses
Claim Promo Code

New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.

Understanding Betting Promo Codes

What are Betting Promo Codes?

Promo codes unlock maximum value when you bet on sports, play casino games or enjoy any type of online gambling. Basically, with the right bonus code, you can claim free bets, free spins, odds boosts, cashback and a whole lot more.

We’ll take you through some of the most popular promo code offers in the following section. However, before we do that, let’s quickly talk about the reasons why betting sites like to give you more for less and, in turn, why they use promo codes.

The main reason bonus code offers exist is to attract new customers and retain existing ones. If an online sportsbook is willing to give you £20 in free bets credited to your account just for making a deposit, it’s an offer you’re going to take. Similarly, if a sportsbook bonus gives you free credits when your first qualifying bet loses, the same logic applies.

Online sportsbooks are in the entertainment business. They’re aiming to give you the best service and most enjoyable experience possible. However, as the title suggests, they’re also businesses. Therefore, they need to keep you active, and one way they do this is through deposit bonuses, risk-free bet offers and other promotions.

But, and this is important, it’s not all about business. Yes, online betting sites want to attract customers and keep existing ones active. However, everyone in the business knows that sports betting can be a risky game. Even with all the right information, insights and intuition, nothing is guaranteed. Promo code offers can help counteract losses.

Even if the free bet credits from a sports betting bonus don’t cancel out a loss, they can reduce it. Or, if it’s the right type of deal, you can get a rebate where the free bets are paid in cash or credits. Again, these rebates can help mitigate your risk when you’re betting.

What Kind of Betting Offer Can You Use Promo Codes For?

Do we have static based landing pages for each of the below link a No Deposit bonus page? if so we should internally link this back to those pages.

Every top-rated UK betting site offers a bonus or two. In fact, the best online betting sites offer dozens of free bet bonuses. Some of the most popular offers you’ll find online are:

No Deposit Bonus

No deposit bonuses don’t require a qualifying bet or financial transaction. In other words, you don’t need to make a deposit to get free spins, extra credits or some other type of reward. Naturally, certain conditions (cs apply).

For example, you might have to make a deposit or qualifying bet to hit a playthrough target. However, in the first instance, you don’t have to make any type of financial commitment to an online sportsbook to claim no deposit bonuses.

Deposit Bonus

A deposit bonus code offer, such as get £50 in free bets, can only be unlocked when you add cash to your account. In fact, the value of a qualifying deposit and/or your first bet will determine the value of your reward.

For example, a casino bonus offering a 100% deposit match is giving you a reward equal to the value of your payment. A matched deposit free bet promo gives you a free wager as a qualifying bet settlement. In other words, your reward is based on the amount you deposit and wager.

Risk-Free Bets

Risk-free bets put you in a win-win situation. Or, if you prefer, a no lose situation. Basically, if you make a real-money bet and it wins, you receive your stake and profit. If you take a risk-free bet and your pick loses, you get a refund. Typically, risk-free bets credited to your account will come in the form of bonus money or site credit.

Free Bets

Free bets credited to your account as part of a welcome bonus or ongoing promotion allow you to speculate on sporting events for free. The beauty of free bets is that you can use them on real-money betting markets and win cash prizes for correct picks.

There may be a min. deposit or min. odds you have to meet in order to use your bonus. However, assuming you make qualifying bets, any profit you make will be credited to your account in cash (the free bet stake isn’t returned).


You can get free credits or some other type of reward when you make specific wagers. Basically, as long as you meet the wagering requirements, you’ll receive a bonus payment upon settlement of bets linked to the cashback promotion.

How Do You Use Betting codes?

There are some bonus codes where only deposits get you something extra. There are other promo codes where you can receive free credits when a bet loses. The point here is that every promotion has its own terms and conditions (aka wagering requirements). And, just as there are various types of free bet offer, there are various terms and conditions to consider.

The first thing you need to know about using sports betting promo codes is when the enter the code. Some online sportsbooks want you to include the bonus code during the registration process, others want you to do it before you make a deposit or before you first bet. To know when you’ll be asked for a promo code, you can read our sportsbook reviews. Alternatively, you can read through the wagering requirements for any offer you want to claim.

Once you know when you input one of our exclusive bonus codes, you need to know how much to bet/deposit, the maximum bonus amount, when your free bets expire and more. Full T&Cs apply to every promotion. So, with this in mind, here are some of the wagering requirements you need to know before you claim the latest promo codes free bets offers.

What Type of Bonus is It?

We’ve explained the basics of bonus code offers in the previous section, so you should know what the main deals are. However, because full T&Cs apply to every promotion, make sure you understand exactly what the operator is offering before you start making real-money bets.

What is the Min. Deposit or Minimum Bet?

If it’s a deposit bonus, there will be a minimum deposit amount. In the UK, the min. deposit requirement is usually £10. If you’re aiming for risk-free bets, cashback bonuses, free spins or some other offer that requires you to make a qualifying bet, make sure you know what that minimum stake is.

In line with this, you also need to know if any payment method exclusions apply. For example, you might not be entitled to a deposit bonus if you use PayPal. Therefore, make sure you know whether or not payment restrictions apply to the deposit methods and/or the withdrawal methods you choose.

What Are the Minimum Odds?

For promotions that require you to make a qualifying real-money bet, you need to look at the minimum odds requirement. Failing to make a min. odds bet will result in you not receiving any free credits.

Are there Any Other Betting Exclusions?

Just as there are betting limits and T&Cs regarding minimum odds, certain bets may not be valid when it comes to claiming a bonus. For example, there may be a clause in the wagering requirements that states: “exchange bets excluded”. This means you can’t make bets via an exchange to claim sportsbook promotions.

How Are Free Bets Credited to Your Account?

Some free bets will be credited to your account in bonus money, others will be credited in cash. Free bets paid in site credit can only be used to make sports wagers. Bonuses paid as bet credits also can’t be withdrawn. However, the profit from a successful free bet settlement can be.

If a bonus is credited as cash, you’ll typically be able to use it for any betting markets the operator offers. So, if it has an online casino, you can use it as a casino bonus to roll through some free spins. Additionally, you should be able to withdraw free bets paid in cash.

What’s the Maximum Bonus Amount?

All bonus code offers are capped. Even though we’d love to see a betting site offer unlimited rewards, that’s just not practical. Therefore, you’ll need to take note of the maximum amount you can receive in free bets.

For example, if you’re offered an exclusive bonus worth up to £30 in free bets, the maximum bonus amount you can receive is £30. Even if you deposited or wagered more than was being asked for, you’d still only receive £30 in free bets.

When is Your Free Bet Applied?

As well as knowing when you’ll receive a bonus, you need to know when they expire. A free bet valid for seven days means the credit will be removed from your account in seven days. Free bets valid for 30 days can be used at any point within 30 days before they’re revoked.

Is the Offer Open to Everyone?

There are deposit bonus codes for new customers, and there are promotions for existing customers. If you’re using the promo code we’ve given you, make sure you’re a valid customer. For example, if it’s a first deposit bonus, using the promo code on your third deposit is a waste of time because it won’t work.

Also, make sure that geographic restrictions don’t apply. All of the exclusive bonus codes listed on Punters Lounge are available to UK customers. However, you might find that certain deals aren’t available in specific countries.

Can You Withdraw Your Free Bet Stake?

It’s common practice for bonuses to exclude bet credits stake. What does that mean in practice? It means a bonus bet settlement will be made in two parts. The profit is yours to keep and credited in cash. The free bet stakes you play for (i.e. the bonus credit you used) won’t be returned. Therefore, your bonus returns exclude bet credits. The good news is that cash winnings can be withdrawn at will.

Where can I find promo codes?


Bet365 is a popular betting site, so it’s only right that it offers one of the best first-bet bonuses out there. Conditions (cs) apply, such as the min. odds bet and payment method/s you can use. However, the bottom line is that UK customers can get £50 in free bets when use our Bet365 bonus code to create their first account at Bet365, deposit at least £10, and stake £10 to get £50 in free bets. *Other T&Cs apply, so read our Bet365 review for more details.


You can get £20 in free bets not once but five times at Betfair. No notable payment restrictions apply, so that’s a positive. You do, however, need to make a qualifying bet to receive a bonus. In fact, you have to make five qualifying bets on wagers with odds of 1/2 or greater. Do that and you’ll get £20 in free bets. Repeat the process four more times to get an extra £80 in bonus bets. *Other T&Cs apply, so read our Betfair review for more details and check for a Betfair promo code.


Betfred is a betting promo haven and new customers can get £60 in free bets when they stake £10. Full T&Cs apply to this welcome bonus, but the main details are: you need to be a new customer and use our Betfred promo code BETFRED60. Your first bet has to be made within seven days. Your bonus is credited as a combination of free bets, free spins, and Lotto tickets. *Other T&Cs apply, so read our comprehensive BetFred review for more details.


Opt into the BetVictor promo for new customers and stake £5 on anything with odds of 1/1 or greater to receive 2x £10 free bets + a £10 game show bonus. *Other T&Cs apply, so read our BetVictor Sportsbook review for more details.


You don’t need a promo code to claim Karamba’s welcome bonus, but you do need to be a new customer. The good news is that this secure sign-up link will take you straight to the registration page. From there, bet at least £10 on something with min. odds of 1/1 or greater within 14 days to receive £20 in free bets. *Other T&Cs apply, so read our Karamba Sportsbook review for more details.


Use our exclusive bonus promo code RISKFREE when you create your first (and only) account at Matchbook and you’ll get a refund if your first bet loses. The min. deposit for this offer is £25 and a qualifying bet is classed as anything with odds of 4/5 or greater. Add the pick to your bet slip and, if it loses, you’ll receive a refund up to £20. *Other T&Cs apply, so read our Matchbook review for more details.

Mr Play

You don’t need a promo code to unlock the Mr Play Sport welcome bonus, but you will need to click here and create your first (and only) account. Once you’ve done that, deposit £10+, and bet on anything with min. odds of 1/1. If your first bet loses, you’ll receive a rebate up to £15. *Other T&Cs apply, so read our Mr Play Sportsbook review for more details.

Paddy Power

Place your first bet as a new customer at Paddy Power and you’ll receive a refund up to £20 in free bets if it loses. You don’t need a promo code to unlock this offer, simply click here to join, and make sure your first bet is on football. If it loses, your refund will be credited in cash. *Other T&Cs apply, so read our Paddy Power Sportsbook review for more details.

William Hill

New UK customers can click here via their mobile and use our William Hill promo code P40 to get £40 in free bets. This betting promo is only available to mobile users, so don’t sign up via your computer. Once you’ve joined, wager £10 to get £40 in bonus bets. *Other T&Cs apply, so read our William Hill Sportsbook review for more details.


You won’t need one of our deposit bonus codes to get £50 in free bonus credits. What you do need to do, however, is click here, deposit £15 or more, and wager the value of your deposit 8X on bets with min. odds of 4/5 to receive a 50% deposit bonus up to £50 that can be used to make free spins and more. *Other T&Cs apply, so read our 10Bet Sportsbook review for more details.

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