Betfred is a United Kingdom-based bookmaker, named after its co-founder Fred Done.

It was first established as a single shop in Ordsall, Salford, in 1967.

Its turnover is over £3.5 billion having risen from £550 million in 2003.

The company has more than 840 betting shops.

Its head office is in Birchwood, Warrington.

The managing director is John Haddock who started with the company as a Regional Manager.

Fred Done was the first ever bookmaker to pay out early, when back in March 1998 he paid out punters who had backed Manchester United to win the Premier League, only for Arsenal to pip United by one point.

During the 2004/05 Premier League season, Done lost £1m to fellow bookmaker Victor Chandler after staking that amount that Manchester United would finish higher than Chelsea.

Source: Wikipedia