As a battle-tested industry giant, Betfred Sportsbook got in on the act quickly and partnered with the off-track betting venue Long Shot’s of Frederick to access Maryland’s legal online sports betting market.
The hour is near when Maryland sports bettors will be able to place a bet on their Baltimore Ravens and enjoy full-blown retail and mobile sports wagering in Maryland. After Gov. Larry Hogan signed House Bill 940 into law (which effectively legalized sports betting) in May 2021, the race for one of the approximately 60 mobile and 30 retail licenses was on.
With so many top betting companies lined up to enter the market, one thing is for certain: Betfred is bound to assume a take-no-prisoners approach to establishing its position. To do so, it should offer lucrative bonuses, competitive odds, live streaming, and many other services.
In this review, we’ll weigh the prospect of Betfred online sportsbook MD and its potential features once the sportsbook goes live.
Betfred Sportsbook Maryland Promo Code for January 2023
While Maryland sports betting involves an unpredictable element, attracting new players doesn’t, and Betfred knows that well. In all the states where Betfred does its business, players are accustomed to seeing bonuses such as free bet deals, risk-free initial bets, deposit match deals, and others. A similar approach is expected from Betfred Maryland.
Even though the exact Betfred bonus offer is still unknown, generous, it shall be — that’s a given. The most likely bonus deal will be a risk-free first bet up to $250 or even more. A unique Betfred Maryland promo code may be required to activate the deal, which will be available on this page.
Bonus terms and conditions will apply, so we urge you to read the fine print before opting for the bonus.
|Betfred Maryland promo code||TBA|
|Betfred Welcome Offer||Bet $50, Get $250 in some states where it's available|
|What states allow Betfred?||Arizona, Iowa, Colorado, Louisiana, Nevada, Ohio, Pennsylvania, Washington|
|Betfred’s land-based partner||Long Shot’s off-track betting facility and BBQ restaurant|
|Promo code verified for||January 2023|
How to Register for a Betfred Sportsbook Account in Maryland
You must complete a few simple steps to register an account with Betfred MD sportsbook. Namely, you’ll have to provide personal details, including:
- First and last name
- Date of birth
- Mobile phone number
- Last four digits of your Social Security Number
Only persons over 21 years and physically located within Maryland state borders are allowed to register an account and engage in real-money betting. Geolocation software in the Betfred MD betting app pinpoints the location of bettors at all times and ensures they’re within the state territory.
Note that the sportsbook reserves the right to perform additional verification checks should the initial checks fail.
Betfred Bonuses and Promotions
The selection of Maryland sports betting bonuses will undoubtedly be quite diverse. Nothing beats a proper signup bonus when it comes to appealing to new customers and all regulated sportsbooks know that well, including Betfred.
If we dissect the bonus deal Betfred has been offering in other states, we can predict the type of bonuses the Betfred MD will use to goad players into registering and making subsequent deposits.
The “Bet $50, get $250 in free bets” is the promotion Betfred has opted for lately. Once you place a $50 wager on the selected markets, the sportsbook will credit your account with $250 in free bets, which is more than most other betting sites offer.
Of course, the risk-free initial bet up to $1,000 is still an option, as it is the go-to promotional weapon for most betting companies. With this bonus deal, your first bet is protected since the sportsbook will reimburse the wager in free bets should that initial bet come up short.
Moreover, the deposit match bonus (sportsbook matches your initial deposit in betting credit) is a staple across the industry, so it’s not a far cry to expect it from Betfred.
Ultimately, daily free bet deals and Betfred Boosts (better odds for particular fixtures, especially three-game parlays) are some of the usual recurring promotions the company has in store for regular and new players.
Whenever a new Betfred bonus code appears, you’ll find it on our page, so make sure to visit it from time to time for the latest deals.
Betfred Odds vs. Competition Grade
Betfred and other sportsbooks in Maryland will have to foot the tax bill at 15% on Gross Gaming Revenues, which is far less than the 51% New York sportsbooks have to pay. This tax rate gives Betfred some much-needed breathing room when it comes to arranging the odds and the vig. At best, you can expect the vig to be about 2%–3%, which can lead to great odds, particularly when major league sports betting is concerned.
We can’t predict the odds Betfred will offer with 100% certainty. Still, if we observe the ones already available in its sportsbooks across the country, we can assume they’ll be up to par with the competition.
Regardless, you should shop for the best odds at Maryland sportsbooks before registering and placing a bet. Only that way can you ensure you have the best possible odds at hand.
Betfred Market Depth and Variety Grade
Betfred sportsbook Maryland offers dozens — if not hundreds — of betting markets for the hottest matches in the NFL, NBA, MLB, and other major national and international competitions. The usual suspects — such as moneylines, futures, and totals — are available in all sportsbooks, including Betfred. What differentiates the sites is their offer of props, teasers, and other exclusive markets.
The betting selection at Betfred usually comprises the following wagers:
- Straight — Straight wagers are the easiest to understand. You bet on a single event determined by a moneyline, point spread, or total.
- Moneyline — Moneyline wagers allow you to bet on the team or individual winning the match without considering the point spread. The favorites are represented by a minus sign (-) in front of the odds, such as -140. The underdogs have a plus sign (+) before the odds, such as +150.
- Total (Over/Under) — This type of wager combines the total number of points from both teams, and your task is to predict whether the actual score will be more or less than the appointed total.
- Point spread — Point spread represents a points margin by which a team or player must win or lose. The minus sign goes in front of the number of points for the favorite. For example, if the Ravens host the New York Jets, the point spread can be -7, so for this point spread to come through, the Ravens need to win by more than 7 points. On the other hand, the underdog Jets will have a +7 margin, so if you decide to back them, your bet will be a winning one should they win or lose by fewer than 7 points.
- Parlay — Parlay wagers combine two or more legs on a single ticket. All selections on the betslip or ticket must come through to win a parlay bet.
- Teaser — A teaser is a bet where you can adjust the point spread by a couple of points to your favor for a better chance of winning and in exchange for a lower payout.
- Propositions — Propositions (or prop bets) are bets you place on specific occurrences in a game. For example, you can bet on total rushing attempts, offensive yards, the number of bookings in a soccer game, and many more.
- Futures — Futures are bets you place on a given event scheduled to take place in the near or distant future. For example, you can bet on the overall winner of a league/competition or an MVP.
Single-game parlays are something that Betfred doesn’t currently offer. Still, they should implement this feature in Maryland to compete with BetMGM, DraftKings, and other sports betting giants that already have this option in their portfolio.
Betfred Deposit and Cashout Grade
To be competitive in the dog-eat-dog world of sports betting, Betfred must team up with the leading payment providers and processors in Maryland to facilitate fast and secure deposits and withdrawals for the bettors. Some of the payment methods we can expect to see include but are not limited to:
- VIP Preferred e-Check
- Cash at sportsbook
- Bank Transfer
Players will likely have to go to Long Shot’s in Frederick for in-person cash payments. Also, most players agree that PayPal and Play+ are the fastest cashout methods, with an average withdrawal time between 24-72 hours, while cashouts via e-checks can take days (if not weeks) to complete.
Betfred Mobile App Grade
Most US bettors resort to betting apps when they wish to place a bet. Consequently, we expect the Betfred Maryland betting app for Android and iOS devices to be released simultaneously with the site’s desktop version.
Like all the best sports betting apps in Maryland, this too should be a spitting image of the desktop site, with all the same features, betting markets, bonus options, and the like.
Betfred offers a simple betting layout — free of clutter and disproportionate banners — and that same design can be expected in the betting app, only on a smaller scale.
At the bottom of the homepage of Betfred MD, you’ll find the link to your device’s app store, where you can download the app freely and securely.
Betfred Overall Grade
Betfred will most definitely emerge on the Maryland sports betting market with guns blazing. Hefty bonuses led by odds boosts and free bets, multiple betting markets, and secure deposit/withdrawal methods are its trump cards, but it remains to be seen if that’ll cut it.
Being a famous brand available in multiple states is an advantage, but that same advantage is shared by many other companies.
We’ll keep a close eye on Betfred as it rolls out its product in MD and keep you posted on its performance.
Is Betfred Legit?
Betfred Sportsbook Maryland is run by Betfred Sports, a US subsidiary of the Betfred Group which owns more than 1,400 betting shops across the UK alone. In 2019, the company emerged on the US market and established betting sites in Nevada, Iowa, Washington, Pennsylvania, Colorado, Louisiana, and Arizona. Maryland is next in line for hosting a Betfred sportsbook, both in retail and online forms.
The company has partnered with Long Shot’s (the first all-female-owned business in Maryland) and applied for a license with the Maryland Sports Wagering Application Review Commission (SWARC). This regulatory body is charged by the Maryland State Lottery & Gaming Control Agency to conduct the application review process.
Once Betfred passes all the security and regulatory tests, it’ll be issued an operating license and granted permission to accept bets.
Why Choose Betfred Over Illegal Betting Sites?
Even though you may be tempted to play on offshore betting sites until legal MD sports betting apps become available, please refrain from it. That’s if you don’t wish to become a victim of fraud, of course. Here’s what can happen if you put your trust in illegal betting sites:
- Defalcations and fraud are frequent with offshore sites — There have been many instances of financial embezzlement and unlawful confiscations of players’ winnings on false pretenses in offshore sportsbooks.
- Offshore bookies are illegal — Even though local authorities won’t likely persecute you for playing on offshore sites, they can according to the law. By playing on those sites, you’re knowingly breaking the law.
- There are no guarantees of safety and fairness — Since offshore sites aren’t regulated by any authorities or at least not any of the credible or renowned ones, you can’t be sure that they are fair, unlike Betfred MD and other sites regulated by the local authorities.
- Compromised security — Security breaches are pretty common in offshore sites since not many adhere to tight security measures demanded by the regulators. Therefore, your financial records and personal details may be jeopardized.
Why Can You Trust Betfred With Your Money?
To receive its license from the Maryland State Lottery & Gaming Control Agency, Betfred must show proof of the implementation of elaborate security measures created to protect all sensitive player details and financial transactions.
What’s more, Betfred relies on the latest SSL encryption technology, two-factor authentication, and other biometric security systems to verify your identity when logging in so that you can bet with peace of mind.
Betfred MD Fact Sheet
|How old do you have to be?||21|
|What states is Betfred legal in?||Arizona, Iowa, Colorado, Louisiana, Nevada, Ohio, Pennsylvania, Washington|
|Who is Betfred’s partner in Maryland?||Long Shot’s of Frederick|
|Launch date in Maryland||N/A|
Betfred Sportsbook Maryland FAQ
Betfred is applying for a license from the Maryland State Lottery & Gaming Control Agency through its Sports Wagering Application Review Commission (SWARC). Once SWARC approves it, the definite answer to the question “Is Betfred legal in Maryland?” will be a resounding yes.
All deposit methods available in the Betfred MD sports betting app will process your payments instantly and incur no additional fees. You can use PayPal, Play+, Visa, and other processors to complete your transactions.
Yes, you can. You can use the Betfred Maryland betting app or the site’s desktop version from anywhere within the state lines. The geolocation software in the app or downloaded on your computer will pinpoint your location and ensure you are within Maryland borders.
Absolutely. Betfred MD supports in-play wagering on most sports available on site. The number of betting markets depends on the sport in question and the popularity of the competitions, meaning you can expect more betting markets on all major league sports than any other.
The moment all bets from your betslip are settled, you’ll be able to cash out the winnings using the withdrawal methods available in the Cashier. Go to the Withdraw section of your account. Select the method you wish to use and the amount you want to cash out and confirm the transaction.
Betfred will probably offer free bet promotions and deposit bonuses for Maryland bettors. The company does not shy away from rewarding new and existing players, so it’ll continue with the same practice in MD.