Betway Review in the US 2024

Betway Review in the US: Vast Selection of Betting Markets and Regular Odds Boosts

One can’t help but wonder if the betting selection and odds at Betway are as good as the operator claims and if the first bet bonus of $250 and other bonuses bring enough value to the players. When betting on a site where the juice is reduced on the most popular markets and where odds boosts, and other promos can actually give you a fair shot at winning, then choosing that site makes all the difference, no matter if you are a sharp bettor or a novice player. 

I’ve scoured every inch of Betway sportsbook in this review to deliver a verdict on its quality. During the review process, I paid extra attention to Betway’s betting lines and odds and how they compare with other bookies in the market, as well as the functionality of its app, special features, and how easy it is to clear the promotions. 

What I Analyzed on Betway?

Here at Betting.com, we don’t hold anything back when it comes to reviewing sports betting sites. If the odds are subpar when compared to those bookies with the biggest handle in regulated markets, we make it our business to point it out. Also, if there are predatory terms applying to the bonuses, we red-flag the sportsbook immediately. 

Here’s a list of Betway features that fell under our scrutiny: 

·   Licenses

·   Range of available sports

·   Odds’ value

·   Betting options & features

·   Bonus and offers analysis

·   Overall user experience

·   How easy it is to open a new account

·   Things you need to know about their deposit methods

·   How withdrawing works

·   What do you do if you run into issues

Betway Licensing, Safety and Trustworthiness

Betway entered the US-regulated markets in 2021 and hasn’t looked back since. The first stop was New Jersey, after which the company landed nine more licenses for its sports betting product. Having passed muster with state regulators, Betway has demonstrated fair and safe gambling practices, especially considering the responsible gambling tools it employs and encryption methods to protect sensitive information. 

Betway – Complete list of Licenses

· Colorado Division of Gaming

· Indiana Gaming Commission

· Iowa Racing and Gaming Commission

· New Jersey Division of Gaming Enforcement

· Ohio Casino Control Commission

· Pennsylvania Gaming Control Board

· Virginia Lottery Board

What Makes Betway Safe

Betway has passed all tests from state regulators with flying colors and has an impeccable track record when it comes to the safety and security of its platform. In fact, it seems to have kicked it up a notch or two when it comes to players’ safety.

• Military-grade Cloudfare-certified SSL encryption
• Official licenses from state regulators
• Partnerships with the NBA, NFL, and NHL as official betting partners 
• Self-help tools — Betway allows players to set deposit, loss, single bet, and even time limits to keep their gambling activities under control. There’s also a self-exclusion program that players can volunteer for and put a restraint on themselves from betting in general. 
• Responsible gambling policy. Betway has not committed any breaches of advertising rules in any of the U.S. states where it’s legal, so it appears that they’ve learned their lesson following a big fine imposed by the UK Gambling Commission on account of failings linked to VIP customers. 
• Clear house betting rules 

Welcome Offers and Promos – Take Full Advantage of the $250 Bonus at Betway

Betway has put stock in its promotions tab to entice new customers, and it has paid dividends so far. Users can expect bonus bets, cashback, reload, odds boosts, and many other deals on the table on a regular basis. Below you’ll find the current bonus lineup at Betway, together with the information on how to claim the deals and put them to good use.

Betway Promo Codes

You don’t need a Betway promo code to trigger any of the bonuses on the platform. From time to time, Betway issues bonus codes you need to insert in the indicated box when making a deposit to trigger the promotion. Whenever there’s a Betway promo code, you can find it at Betting.com, right here on this page.

Betway New Player Bonus: Up to $250 Back in Bonus Bets 

Betway sports welcome offer gives new players a chance to earn up to $250 back in bonus bet with their first wager. All customers from CO, IN, IA, NJ, OH, PA, and VA who create a verified account for the first time, deposit at least $10, and make a first qualifying wager can get the stake back in bonus bets up to a maximum amount of $250. 

The qualifying wager is considered any wager on sports with odds of at least -300, so the bet can be on clear favorites, unlike with other bonus bets where you have to bet on much longer odds for them to be considered as qualifying. 

The first qualifying wager needs to result in a loss for Betway to return the stake in bonus bets which must be used as a whole, so it’s not site credit that you’ll receive but bonus bets. Still, you have seven days to consider your first wager, and if it happens to be a losing one, Betway will reimburse you with your stake back within 24 hours.

Betway Deposit Bonus

The Betway deposit bonus options are currently limited to the sign up promotion described above. However, the sportsbook is no stranger to such offers, so make sure to check this page from time to time for those updated offers. 

Betway Risk-Free Bet Bonus

Betway’s welcome bonus is a risk-free bet bonus since it refunds your initial stake 100% up to $250 in bonus bets, thus softening the blow from the loss. The best part is that any potential winnings from the risk-free bonus have no rollover requirements, so you can instantly cash them out, minus the stake, of course. Moreover, there’s no maximum win cap on those winnings coming from the bonus bets, so you can opt for those markets with longer odds or even opt for some futures and use them as a long-term investment.

Betway Reload Bonus

Reload bonuses are Betway MO when it comes to keeping existing customers engaged. When you make recurring deposits, you can expect the operator to match a portion or that entire deposit in bonus funds. Reload bonuses are usually issued on either a daily or weekly basis. No such offers are available at Betway at the moment, but make sure to check this page regularly for updates.

Betway VIP Program/Loyalty Program

Betway Plus is the company’s rewards program for loyal users. When you register to Betway, you get automatically enrolled in the program. Every time you place a real money wager on sports or casino games, where applicable, you earn Tier Tokens and Plus Points. 

Tier Tokens determine the benefits you are eligible for, and by placing bets with longer odds, you can accumulate Tier Tokens faster. Plus Points, on the other hand, can be redeemed for free bets and other bonuses on the platform. The value of free bets and bonuses depends on your Tier level. Note that after 90 days, the Plus Points expire.

Sports and Leagues You Can Bet on at Betway

Betway has pulled out all the stops on its betting selection. It has one of the most impressive betting coverages in the market, with 25 sports on offer. The list includes all the major North American pro competitions, such as the NFL, NHL, MLB, and NBA, plus top college sports, like NCAAF and NCAAB. In fact, the operator offers a particular bevy of props on NFL fixtures which make quite a distinction down the stretch, especially with live betting.

In the beginning, Betway started offering soccer under football but was quick to make the necessary changes and capitalize on its European pedigree with a superb selection of soccer leagues. The Betway app features the most prominent leagues at the top of the betting page, which facilitates navigation considerably. The collection of niche sports is no less astounding, with lacrosse, darts, futsal, and even pickleball having their matchups featured on offer. The “Search” button can help you get to the specific event in mind, which further improves the sportsbook’s usability. 

Betway Odds Offers

When figuring out the vig for Betway, I concluded that it falls under the 5% standard, with margins on football going at a generous 3.7% on average and basketball hovering around 4%. The Betway Boosts section greatly contributes to those numbers since it offers players odds improved by 10 to 25% compared to regular odds.

However, the number of events with enhanced odds diminishes greatly as the pro seasons come to a close, which is frustrating to bettors looking to make the games of the finals count.

Still, Betway has not failed to deliver on a promise of competitive odds. For example, Denver Nuggets were priced at -360 on a moneyline at Betway, whereas the same lines at other bookies, like BetMGM, are at -375, meaning you’d have to invest more for the same returns.

Betway Betting Options & Features

Betway’s platform is packed with state-of-the-art features, including an early Cash Out option and Same Game Parlay. There’s also a dedicated live betting section with all the events currently taking place, and the offer can include anything from the Philippines MPBL basketball league to badminton matches in Thailand Open.

Despite the compelling offer of Same Game Parlays and in-play betting, there are some aspects where Betway has failed to deliver. You can choose only up to six betting markets for basketball and soccer events to make an SGS, and there’s no live streaming for account holders in the United States, which is a clear downside. Still, the Cash-out option, quick and responsive app, and overall selection of bets more than make up for the lack of these features.

How Easy Do I Find It to Use Betway’s Site?

Betway Desktop User Experience

Betway’s clutter-free website improves the user experience greatly. There are no oversized banners on the site and complex imagery to slow down loading times, so the transition between sections of the site is quite quick and smooth.

Betway Mobile On The Web User Experience

Betway allows mobile users access to the web browser version of the site through any of the mobile browsers you are using on your smartphone or tablet. The color scheme is the same as with the desktop site, as is the functionality, including the horizontal scrolling menu with all the sports you can bet on. Additionally, the site loads quickly, facilitating navigation drastically.

Betway Mobile App User Experience

The Betway proprietary mobile app is available for Android and iOS systems from their respective app stores to users in all regulated states. The app is very simple and easy to use. The only icon is the one at the bottom of the home screen, and it’s reserved for the betslip. The horizontal menu holds the key to different sports, and once you click on the event, the betting offer. A home button would have made navigating easier. Instead, you have to use the arrow back feature. Still, the app is responsive, and I haven’t experienced any freezes or glitches while testing it.

How to Register a New Account with Betway?

Getting in on the betting action with Betway starts by following our link to the operator’s main page and hitting that green Join Now button in the upper right corner of the page. Then, all that’s left is to fill out the registration form with personal details. 

Documents and Information You Need to Share with Betway to Open an Account

Betway conducts automatic account verification checks automatically during the account registration procedure with the help of the information you need to provide, including: 

1. Last four digits of your Social Security Number
2. Full name as it appears on your ID document
3. Date of birth
4. Email
5. Street number

In certain jurisdictions, such as New Jersey, 2-Factor Authentication (2FA) is mandatory, and Betway automatically enables this feature on your account. A One-Time PIN (OTP) will be sent to you via SMS, and once you are logged in, type in the OTP in the designated section to authorize it. 

How Reliable Are Betway’s Payment Methods?

Betway supports various payment methods, from e-wallets to bank transfers. Here are the main details of the transaction options in a table. 

Time to Collect Your Winnings? Here’s How to Withdraw Your Money from Betway

Withdrawals are initiated via the Cashier/Banking page of your account. The minimum withdrawal is $10, and most withdrawals are processed within 48 hours, even though Betway states that the internal review can take up to 5 business days. 

Step-by-Step Guide on How to Withdraw from Betway

Here’s how to complete a cash-out procedure: 

• Visit the banking/cashier section of your account. 
• Select the withdraw option and see all the methods at your disposal. Note that Betway prompts users to use the same means of payment for withdrawals as they did for deposits. In case such actions are not possible, then a different payment option is used. 
• Enter the amount you wish to cash out. 
• Confirm the transaction as per instructions on the screen. 
• The winnings should arrive within 1 to 5 business days. 

Other Important Information to Know When Withdrawing

In case the automatic account verification fails, you’ll be contacted by the customer support team with the request to provide copies of personal documents, including but not limited to proof of address via copies of utility bills as well as personal ID documents, such as passport and government-issued photo ID. You may also reverse the withdrawal as long as it’s pending, just hit the “Reverse” button and keep the funds for further wagering. 

Is Betway’s Customer Service Actually Helpful?

Responsible Gambling

Betway is undoubtedly committed to safe gambling practices, and its responsible gambling page confirms it. There, you can find out information about money and time limits, self-exclusion programs, and other self-help tools. 

Responsible Gambling in the US

The company urges patrons who believe that they might be showing signs of excessive gambling to call or text 1-800-GAMBLER or reach out to the National Council on Problem Gambling at 1-800-522-470 and seek professional help. 

What Awards Betway Is Proud to Have?

Betway has been in the business since 2006 and has established itself as one of the biggest betting companies in the market. As a result, the operator has been awarded several prestigious awards, including the following: 

Conclusion – Where Does Betway Have Leverage Over Others?

Betway offers bettors a vast selection of sports and betting markets rivaled by few other operators. In fact, for the final fixtures of the season, like the NBA Finals, March Madness games, or the Superbowl,  players can count on around 300 different markets. Betway’s odds are fairly competitive, especially for soccer and North American competitions, which delivers additional value to bettors. In all honesty, Betway has earned a 9/10 rating from me, with the perfect score escaping only due to short session times and the lack of live streaming and similar betting features. 

Those features can be found in some of its competitors, such as:

· BetRivers

· Betfred Sportsbook

· Bet365