Betway Sportsbook Review by Betting.com
Betway is an internationally renowned online betting site that has been active in the European betting markets since 2006. The bookie launched operations in five states in 2021 but with the U.S. sports betting market rapidly expanding you can be sure Betway will be available in more states soon. All Betway users must be at least 21 years old or older to place bets.
In this Betway bookmaker review, we’ll tell you everything you need to know about the online sportsbook. If you’re scouting new online betting sites to join, this review will aid in your search. Here you’ll find out what promotions Betway offers, where they operate, how to join Betway, what betting markets they offer, and much more.
Betway Promo Codes
Betway offers several promotions to new and returning customers. Unlike other betting sites, Betway does not advertise any Betway promo codes. Instead, Betway openly advertises all of its promotions to all its users and there’s no promo code needed to opt into them.
Since Betway clearly advertises all of its promotions and bonuses without promo codes, everyone from new players to existing ones feel included when it comes to special bonus offers.
By simply going to Betway’s website you can find all their bonuses and promos available on the promotion page. They offer a $250 Risk-Free bonus bet for all new users and a few different parlay booster promotions.
Betway – Welcome Bonus and how to claim it
Betway has an enticing welcome bonus of a $250 Risk-Free Bet. To claim Betway’s welcome bonus, you have to create and verify an account with Betway and make a minimum deposit of $10. This bonus is an excellent way for new users to get to know the sportsbook without having to worry about losing any money.
The $250 Risk-Free Bet lets you make your first bet completely risk-free. So if you end up losing your first bet, Betway will refund the amount you wagered up to $250. If you win the bet you get to keep the winnings.
To make sure you qualify for this welcome promotion, you must follow all the terms and conditions. The first condition is that your wager has to be the very first bet you’ve placed after creating your account and opting into this promotion. You have to choose a bet with odds of at least -300.
The second condition requires that your bet must be placed and fully settled within 7 days of creating your account. Your wager cannot be placed using bonus funds or free-bet rewards from other promotions. Lastly, you cannot place your first bet on odds boosts.
If you happen to win your first bet, you’ll not receive any bonus funds, but you keep the winnings. If you plan on claiming Betway’s $250 Risk-Free Bet, be sure to read through all of the promotion terms before opting in.
Which Betway Bonus is Best for me?
If you’re new to Betway, the best bonus has to be their welcome promotion that we mentioned above. With this welcome promotion, your first bet is risk-free. So if you’re unlucky and lose your first bet, Betway will refund the amount you wagered up to $250. This helps you get to know Betway without losing any money.
Any hockey fan might be interested in Betway’s Bet $10, Get $5 Free Promotion. When you bet at least $10 on the Main Spread, Win/Draw/Win, or Money Line market during any NHL game, you can get a $5 free bet.
It doesn’t matter if you win or lose the initial bet; every qualified wager is eligible to receive the $5 free bet. To claim this offer, you have to own a verified Betway account and use the $5 free bet within 7 days of receiving the bet credit. After 7 days, the free bet will expire, and you can no longer use it on sports wagers.
Bonuses and promos change often, so stay on top of them periodically checking the promotions page for new and exciting offers.
Betway Sportsbook Pros & Cons
Sometimes seeing pros and cons lists is the easiest way to decide whether you’re interested or uninterested in something. Here we’ll give you an unbiased list of the pros and cons about the Betway sportsbook.
Betway Sportsbook Promotions
Betway offers several different sportsbook promotions that can suit the wants of varying types of bettors. All Betway sportsbook promotions require users to have a verified Betway account and have made a minimum first deposit of $10.
The promotions change often and they can be seasonal, sports specific, or event specific such as promos for the Super Bowl and World Series. Here are a few of the current promos offered.
Betway’s Parlay Booster promotion gives you 5-10% in extra winnings when you place a parlay bet on at least 3 legs. Each leg needs to have a minimum of -300 odds and are available on the Main Spread and Money Line markets.
When you place a parlay bet on 3 to 5 legs, the winnings increase by 5%. Placing a parlay bet on 6 to 20 legs, you can receive 10% in extra winning. Be sure to view Betway’s full promotion terms for the Parlay Booster to learn more.
Same Game Parlay
The same game parlay can be played on all major basketball and soccer games. Combine up to six markets on a single game to get more competitive odds for a unique betting experience. The best part is that you can mix and match multiple markets and combine your basketball and soccer wagers.
NHL Parlay Booster
The NHL Parlay Booster gives you up to 15% in extra winnings when you place a parlay bet of at least 3 legs on any NHL game. Minimum odds have to be -500 on each leg for your parlay to be eligible for this booster. Parlay legs can be spread across the following betting markets, Money Line, Win/Draw/Win, Main Puck Line, and Main Totals.
To receive increased winnings of 5%, you have to bet on 3 to 5 legs. For 10% in extra winnings, your parlay must have 6 to 9 legs. Lastly, placing a parlay bet with 10 to 20 legs will give you 15% in extra winnings.
Betway Special Offers
The Cash-Out offer is a Betway special offer. Cash-Out allows you to settle your bets in real-time. So you can claim your winnings and cut your losses before the end of the event. Your Cash-Out limit is dependent on the amount and live status of your wager.
The best way to explain how the Cash-Out offer works is to give an example of when you might want to use it. In this example, you place a $10 bet on team A to win with +200 odds against team B. Near the end of the game, team A is in the lead, but you’re still not sure if they will win.
You can use the Cash-Out option and you’ll still get a payout but it will not be as significant if you let the game play out and your team wins.
In Which States Does Betway Operate?
The Betway sportsbook is legal and available in the states of Colorado, Indiana, Pennsylvania, New Jersey, and Iowa. Below we go into more detail about Betway’s legal operations in each of these five states.
Betway in Colorado
Colorado was the first U.S. state where Betway was made legally available. In May of 2020, Colorado passed legislation to allow online sports betting with oversight from the Colorado Limited Gaming Control Commission.
All Colorado residents age 21 or older can make wagers at the site, as long as they are physically located in it. And there’s no need for a promo code or anything to take part in promotions, special offers or even the welcome bonus.
Betway in Indiana
Betway has been available to Indiana residents age 21 or older since June 2021. In the Hoosier State, Betway’s land-based partner is Belterra Casino Resort. Still, there’s no need to worry about promo codes or anything when you seek out promotions, special offers or even the welcome bonus.
Indiana gambling restrictions do not require Betway users to register in person so that they can join Betway from their mobile devices. Those who feel like leaving the house can place all the same bets at the Belterra Casino Resort.
Betway in Pennsylvania
Sports betting in Pennsylvania is regulated by the Pennsylvania Gaming Control Board (PGCB). Pennsylvania residents must be at least 21 years old to register and gamble with Betway. Forget everything about promo codes, they aren’t needed for promotions, special offers or the welcome bonus.
Although online sports betting sites have been legal in Pennsylvania since 2017, Betway wasn’t available in this state until 2021. Through one Betway account you can bet at the PA sportsbook and online casino.
Betway in New Jersey
The New Jersey Division of Gaming Enforcement (NJDGE) licenses and regulates the Betway sportsbook as well as the Betway online casino. New Jersey law requires all gambling participants to be at least 21 years old.
If you’re not a Garden State resident but would still like to join Betway, you can. New Jersey state law allows Betway users to be residents of any state, but you can only place bets if you’re physically in New Jersey.
Furthermore, you have to be in the state to take part in promotions, special offers or claim the welcome bonus. Good news! No promo code is needed.
Betway is the official betting partner of the New Jersey Devils of the NHL & Milwaukee Bucks of the NBA.
Betway in Iowa
Before 1st of January 2021, all Iowa residents wanting to register with an online sports betting site had to complete registration in person. Thankfully, this restriction is no longer active, so anyone age 21 or older can register online within state lines whenever and wherever they want.Once registered, you can claim the welcome bonus, join promotions and get special offers. All of this without a single promo code needed.
Betway Sportsbook Registration Requirements
Registering an account with Betway is simple. There are only a few requirements and steps you need to follow for successful registration. The most important registration requirement is age. Legally all Betway users have to be 21 or older to register and bet on their website.
To create a Betway account, go to their website and click the “Join Now” button on the upper right-hand corner of the screen. When signing up, you must enter your first and last name, email address, mailing address, and date of birth.
The next step is creating a username and password. Your username is the name that will be displayed in betting leagues, so come up with something that is unique and creative. When coming up with a password, you want it to be very secure. A strong password includes upper and lower case letters, numbers, and a special character.
The final step in the registration process is logging in to your new account. Take some time to explore your account settings page and the rest of Betway’s website so you know where everything is.
Betway Sportsbook Languages, Currencies and Odds Formats
Betway’s U.S. sportsbooks, and online casinos in NJ and PA, are only available in English and only accept USD. You’re able to change the odds format to be displayed as fractional, decimal, or American (moneyline) odds.
Fractional, decimal, and American odds formats differ in how they represent odds numerically. Changing odds formats does not change the value of odds, only how they are displayed.
Fractional odds are displayed as a fraction of how much you can profit over the amount you wager. Decimal odds are the same as fractional odds but just converted into a decimal number so you can easily read the odds.
American odds are represented by positive (+) and negative (-) numbers. Positive American odds represent how much you can win for every $100 you wager. Negative American odds show you how much you need to wager to win $100.
Betway – Sports Coverage
Betway covers all of the major American sports and many international ones as well. Leagues from the world over are available to wager on and there are also many options when it comes to collegiate betting such as NCAA basketball and football.
Betaway has odds available for the popular sports such as:
There‘s also an impressive list of nich sports to wager on as well such as darts, Aussie rules, Rugby Union, bandy, snooker and pool, volleyball, handball, and more.
Betway – Betting Markets
Betway offers a wide variety of betting markets, so you can be sure to find the right type of bet for you. Their betting markets include spread bets, totals, props, money lines, futures, live bets, and parlays.
Spread betting is one of the most popular bet types in the U.S., especially for football games. A spread market allows you to bet on which team you think will win with the favorite giving points and the underdog getting points.
A Money Line bet lets you place a wager on which team you think will win or if there’ll be a draw. This is one of the most basic types of bets, as there’s no spread and you’re simply making a pick. However, a money line bet has inflated odds, so you’re betting more to win less on the favorite and betting less to win more on the underdog.
Totals is another easy bet type to understand. The bookie will post a total of the total number of points or goals scored by each team in a game or match. You then simply bet if you think the total will go over or under that number.
Props refers to the type of bet that has nothing to do with the outcome of a game or match. There are team and play prop bets and some have even odds and others have inflated ones. The more popular the sport the more prop bets will be available.
A few examples of prop bets are, how many fouls will a player get, will QB A or B pass for more yards in a game, or will there be a red card in a soccer match.
Parlays are a way for you to combine multiple bets in one wager. The number of bets you combine is known as “legs” of the parlay. So, combining 3 bets would be called a 3-leg parlay. All of the legs have to win for you to win the parlay bet, which is a high-risk high-reward wager.
Futures is betting on the future outcome of an event, such as betting on who’ll win the Super Bowl before the season starts or betting on who will win the World Series in the middle of the MLB season.
Live Bets allow you to make bets while a game or match is happening live. The odds change throughout the event depending on how it’s unfolding.
Betway Sportsbook Payment Methods
Betway offers several different payment methods to make depositing and withdrawing as fast and straightforward as possible. The accepted forms of payment include VISA, MasterCard, PayPal, PayNearMe, VIP Preferred, Betway Play+, and Sightline. Below we will go into detail about how to make deposits and withdrawals with Betway.
How to Deposit
To make a deposit with Betway, you need to first have a verified account. If you do not have an account, signing up is quick and simple. Once you’re logged in, you can deposit by going to your account page and clicking on “deposit.”
Select your deposit method and enter the amount you wish to deposit, and confirm your payment. Now you should be set to place bets with this deposited money.
How to Withdraw
Withdrawals are just as simple as deposits. To withdraw money from your Betway account, log in, go to your account page, select “Withdraw Funds,” and enter in the withdrawal information. Note that some withdrawal methods may take longer than others. Using online banking methods like PayPal is the quickest way to withdraw from Betway.
VISA, MasterCard, PayPal, PayNearMe, VIP Preferred, Betway Play+, and Sightline
Betway Customer Support
Betway knows how to treat customers when they need help. Betway offers 24/7 customer support via Live Chat or email. You can also try searching their frequently asked questions page, which has a lot of self-help information.
Betway also has a support ticket system that users can use to report issues or complaints. To submit a support ticket go to the bottom of Betway’s site and click on “Contact Us.” There you’ll see a text link “Betway Support Ticket,” click on this.
You can now fill out the ticket by entering your name, email, the subject of your issue, and the description of your issue. Support tickets may take some time for you to get an answer.
Betway Sportsbook Mobile App
Betway’s mobile sportsbook app offers everything that its desktop version offers. The app is available for download for both iOS and Android users and is compatible with nearly every kind of mobile device.
On Betway’s mobile app, you can access your account to make deposits and withdrawals on the go. You also have access to all of Betway’s betting markets, so you don’t have to miss out on any of the action.