Review Betway Bonus:

Betway Bonus

Bet $50, Get a $200 Bonus Bet

Betway Bonus Overview

Poppy Taylor

The betway welcome package peaks at $250, while existing customers can take advantage of numerous parlay bonuses and bet boosts on the site. Whether you are a new or existing customer, there's plenty of opportunities on betway to grab some nice betting freebies.

Reviewed by Lee Cooper 04/24/2024

Betway Bonus for New Customers

First Bet Reset up to $250 in Bonus Bets

  • Minimum Deposit: $10
  • Minimum Wager: $1
  • Minimum Odds: -300
  • Bonus Validity Period: 7 Days
  • Bonus credited within 24 hours after bet is settled
Betway Promos for Existing Customers
  • Betway Parlay Bonus
  • Betway Same Game Parlay
  • Betway Bet Boosts
  • Betway Cash Out

Learn more about existing customer promos on Betway US

Betway Bonus score

  • Low minimum wager of $1
  • Bonus bets can be split into many parts
  • Great site for parlay bonuses
  • Low bonus amount
  • Short bonus validity period
Bonus offer
8/10
Betting variety
7/10
Mobile experience
8/10
Payment options
8/10
Betting experience
7/10
Support
8/10
Summary
8/10
Betway Bonus quick facts
Website https://us.betway.com/
Game TypesSportsbook & Casino
Deposit methodsVisa & MasterCard Credit/Debit Cards, PayPal, Betway Play + Card, PayNearMe, ACH Transfer, Cash at Casino Cage
Withdrawal methodsPayPal, ACH Transfer, Betway Play+ Card, Cash at Casino Cage
Odds providerSlots, Table Games and More
Betting functionsLive Betting, Same Game Parlays, Multi-Sport Parlays, Cash Out, Bet Boosts
Casino game typesOnline slots, Table Games and more
AppsiPhone, Android
SupportLive Chat, Email Support
OwnerSuper Group
Founded Year2006
Bonus TypesSign Up Bonus, Casino Bonus, Parlay Bonus
Bonus CodeNo code

Betway Bonus: All You Need To Know

Betway is a well-known name in global sports betting. They are an established force in many parts of the world, including in the UK, but are still fairly new in the United States.

Betway launched in the US in 2021, and currently live in eight states.

They've got a $250 sign up bonus, as well as a handful of promos for older players.

Read our unbiased review to learn all there is to know about the betway bonus. We will tell you the good and the bad, and show you how to claim the bonus.

What We Like about Betway Bonus

πŸ‘ Low minimum wager of $1

Perhaps the best thing about the betway Bonus is the relatively low minimum wager. To get a sign up bonus on betway in the US, you only need to place a qualifying wager of $1. Most US bookies set their minimum wager at $5 or $10.

Pointsbet is one of the very few US sportsbooks that require a lower minimum wager ($0.50) for their sign up bonus, while bet365, with their Bet $1 Get $200 welcome offer also stand out in this regard.

πŸ‘ Betway Bonus Bets can be split into many parts

When you do receive the betway bonus bets, you can use the bonus bets to place wagers however you want. The only restriction is that each wager must have a minimum stake of $1.

You can use betway bonus bets to place as many wagers as you want until you exhaust the bonus.

Some US sportsbooks do not allow this flexibility. The Caesars sign up bonus, for example, can only be used once, while the DraftKings bonus is awarded as six equal $25 bonus bets. Each $25 bonus bet can only be used once.

πŸ˜€ Sports and casino sign up offers available

Not only does Betway US have a sports welcome offer, they also have a casino bonus. As we will discuss in more detail later, the casino bonus is a deposit match bonus, rising to a maximum of $1000.

The betway casino bonus is only available in New Jersey and Pennsylvania.

🎁 Bonus bets credited within 24 hours after wager is settled

The betway bonus is credited within 24 hours after the qualifying bet is settled. This is relatively quick, considering that sportsbooks like FanDuel may take as much as 72 hours before crediting their bonus.

πŸ’° Great site for parlay bonuses

Betway is also a great site for parlay bonuses. They have same game parlays across many sports; and through the Parlay Club, they give customers opportunities to claim numerous parlay bonuses.

What We Don't Like about Betway Bonus

πŸ‘Ž Low Bonus Amount

A major disadvantage of the betway bonus is the low maximum amount. It also doesn't help that it is a bet-match bonus.

You only get back what you stake on your qualifying wager. Hence, to get the maximum $250, you need to stake $250 on your qualifying wager

There aren’t many US bookies offering below the $250 betway are giving out to their new American customers

FanDuel, Caesars and BetMGM offer at least $1000 (maximum amount), while the BetRivers bonus peaks at $500

Having said all of that, the betway bonus is not the worst thing going around

WynnBET and Unibet both have $100 maximum bonuses, while the mighty DraftKings do not offer more than $150.

😏 Bonus awarded only if first bet loses

The betway bonus is only awarded if your first bet loses. This is why it is called the First Bet Reset.

If your first bet wins, you will not receive the bonus

Of course, you will be able to collect your winnings if your qualifying wager wins, but it would have been nicer to keep the bonus as well. Unfortunately, that is not the case with betway

⏱️ Validity period is only 7 days

Betway users only have 7 days to use the bonus. The 7 days start counting from when the bonus is credited into your bonus account. Whatever is left unused after one week is wiped away from your account.

πŸ˜” No Referral bonus

At the moment, betway US does not have a referral bonus. Hopefully, they will add this to their existing offers, in keeping with a common practice amongst US books.

DraftKings, Caesars, BetMGM, BetRivers and Unibet are some of the biggest exponents of the referral bonus in the United States.

Is Betway Bonus Worth the Hype?

Well, I won't go as far as saying the betway bonus is worth the hype, but it is definitely one that is worth having.

$250 is still a decent bonus amount, if you are able to stake that much on your qualifying wager. And if not, the fact that there is a $1 minimum wager makes it quite affordable.

What I like most about the betway bonus is that there is no restriction to how you can use it to place wagers. With the betway bonus, you have the freedom and flexibility to place your wagers anyhow you like. This is a massive plus for me!

Betway Sign Up Bonus

Let’s now narrow our focus towards the betway sign up bonus, and tell you every detail about what you stand to gain by opening a betway account. This section of our review is exclusively dedicated to potential betway newbies.

This is where you will find our detailed guide on how to claim the betway new customer bonus.

As you most likely know by now, the betway welcome offer is a First Bet Reset, up to a maximum of $250.

The $250 is only a maximum amount, and not a fixed bonus amount. The actual value of your bonus depends on the stake on your first betway bet.

If you have put $100 on your first bet, your bonus will be $100.

What is First Bet Reset?

With the First Bet Reset bonus, betway will return the stake on your first bet on the site if the bet loses

Note that the bonus will only be offered if your first bet doesn't win

If you are lucky enough to win your first betway bet, you will have to endure the bad luck of missing out on the new customer bonus!

Of course, many customers, if they had the choice, would rather win their first bets and be happy with the cash.

But in case it does not work out that way, the stake will be returned as bonus bets. So effectively, the First Bet Reset insures your first betway bet in the even that you lose the bet.

Betway Promo Code

Customers looking to claim the betway bonus do not require a promo code.

Yes other sportsbooks like Caesars and BetRivers may require a promo code, that is not the case with betway US.

To get the betway bonus, all you have to do is to follow the steps we have detailed in our how-to section below.

How to Claim Betway Bonus

1
Open a Betway Account

Signing up on betway is pretty straight forward, as is the case with all great sportsbooks. Follow the steps below to open your account.

  • Click here to go to the betway US site
  • Select your state and click "Join Now" at the top of the page
  • Enter your email address, password, agree to the betway terms and conditions in your state and click continue
  • On the next form, you will be required to enter other details like your full names, date of birth, phone number, SSN (last four digits), and address.
  • When you have filled this form and ticked the appropriate boxes, click "Submit" at the bottom of the form.
2
Make a Minimum Deposit of $10

Once you have opened your account, go ahead and make your first deposit.

Remember that you must make a first deposit of at least $10.

Here are the deposit methods available on betway US:

  • Visa & MasterCard Credit/Debit Cards
  • PayPal
  • Betway Play + Card
  • PayNearMe
  • ACH Transfer
  • Cash at Casino Cage
3
Place your first bet (minimum $1)

The next step on your quest for the betway bonus is to place your first bet.

The minimum wager on your first bet must be $1.

However, you may want to go a little bit higher (as high as you can) in order to maximize this offer.

This is because the bonus awarded is the same as the value of your first bet.

Your first bet must have minimum odds of -300.

You can wager your first bet on any event in the betway sportsbook. The have an extensive coverage of American and international sports, so you won't be short of betting markets and options.

4
Receive your Betway Bonus

Once your bet is settled as a loss, your betway bonus will be credited into your bonus account within 24 hours.

If your first bet wins, there is no bonus for you!

The betway bonus is awarded as bonus bets.

If you are new to that terminology, we will do a quick introduction! Bonus bets cannot be withdrawn from the betting account. They can only be used to place bets on the site.

Almost all American sportsbooks award their sign up bonuses as bonus bets.

Claim Your Betway Bonus

Sport bonus:

Bet $50, Get a $200 Bonus Bet

Turnover: 1x Bonus Amount Lowest odds: -300 Bonus code: No code

How Betway Bonus Compares with other Top Bonuses

So how does the betway bonus perform when pitted against other top bonuses in the country? Well, here is your answer.

Betway vs The Rest Betway Bonus Draftkings Bonus FanDuel Bonus
Max Bonus Amount$250$250$150$1000
Bonus-To-Bet %100%100%3000%100%
Minimum Deposit$10$5$5$10
Minimum Wager$1$0.5$5$10
Minimum Odds-300NoneNoneNone
Validity Period7 Days7 Days7 Days14 Days
Claim row (custom compare block translation) Claim Claim Claim

Betway Bonus vs The Rest: Analysis

πŸ’° Maximum Bonus Amount

When it comes to maximum bonus amount, betway is stuck somewhere in the midfield. The maximum $250 offer is nowhere near being spectacular, but neither is it the worst in the market. If you are after a big bonus amount, you may want to consider Caesars or FanDuel. However, you must weigh in other factors before jumping at a betting bonus offer.

βž— Bonus-To-Bet Percentage

The betway bonus has a 100% bonus-to-bet percentage, which again lies somewhere in the middle. A 100% bonus-to-bet percentage means you will only receive the exact amount you have staked on your qualifying wager. If you stake $50, your bonus will be $50.

Many top US bookies actually have this type of bonus system, with Caesars, FanDuel, BetMGM and BetRivers being amongst the most prominent.

DraftKings is an exception to the rule with their Bet $5 Get $150 offer, which works out to a 3000% bonus-to-bet percentage, while bet365 goes even better with a bet $1 get $200 bonus. That's a mammoth 20,000% bonus-to-bet percentage.

πŸ“‰ Minimum Deposit

To claim the betway bonus, you need to make an initial deposit of $10. Again, this is pretty standard with many sportsbooks in the country.

Even bet365, with their 20,000% bonus-to-bet percentage, still requires new customers to make an initial deposit of $10.

If you want a minimum deposit lower than $10, you may want to go for the Pointsbet bonus.

πŸ’Έ Minimum Stake

The minimum stake for the betway bonus is $1. This is only bettered by Pointsbet ($0.50) in the US.

🎯 Minimum Odds

Part of the wagering requirements for the betway bonus is that you qualifying wager must have minimum odds of -300.

It's not the most challenging odds in the world, but we'd rather not see any minimum odds at all. It's annoying.

Bet365 (-500), WynnBet (-120) and Unibet (-300) are the other top sportsbook bonuses in the US that have minimum odds requirements.

As for other bookies, you just place your bets without worrying about the odds.

⏱️ Validity Period

The 7-day validity period on the betway bonus isn't the most generous. The bet365 bonus is valid for all of 90 days. BetRivers also give some wriggle room with their 30-day validity period, while FanDuel and Caesars allow 14 days.

Betway is far from the only sportsbook in the 7-day club. BetMGM, Unibet, DraftKings and Pointsbet are also on the same boat.

How to Use Betway Bonus

So now that you have your betway bonus, how do you use it?

Well, as with all bonus bets, the betway bonus cannot be withdrawn.

The only way to use the bonus bets is to use them to place wagers on betway.

Here are a few other things to note when using betway bonus bets to place wagers:

  • If you have an available Bonus Bet Balance, you can choose to wager all or part of that balance by ticking the applicable checkbox on the bet slip.
  • You cannot combine bonus bet funds and cash in the same wager.
  • You can only use bonus bets on single or parlay wagers; and not on round robins.

If you place a wager with betway bonus bets, and win that wager, you will be able to withdraw your winnings from the site.

However, the value of bonus bets you use on the wager will be deducted from the eventual payout.

Betway Promos for Existing Players

Existing customers also have plenty to benefit from betway, especially from the parlay bonuses and bet boosts on the site.

These are amongst the significant promos that betway has become familiar with all over the world.

Here's a look at the best betway promotions for existing players, and how they work.

Best Betway Promotions

πŸ’‘ Betway Parlay Club

The betway parlay club gives customers the chance to claim $10 bonus bets every week by placing parlay wagers on the site.

To receive this bonus, you need to stake $25 or more on a parlay that has at least 3 legs during the promotional week. The parlay must have total odds of +200.

The promotional week begins at 12:01 am MST on Monday and ends at 11:59pm MST on Friday.

Your $10 bonus bets are credited into your bonus account within 24 hours of the conclusion of the promotional week.

🏈 Betway Same Game Parlay

Betway is one of the best sportsbooks for Same Game Parlays (SGPs), allowing customers to combine multiple markets on the same game.

Betway SGPs are available for numerous sports, including soccer, baseball, basketball, football and hockey.

🏈 Betway Cash Out

Betway also has the cash out option, allowing customers to take greater control over their bets.

Betway Cash Out is a real-time feature that gives users the opportunity to end their bets while the game is still going on, and claim early profits or cut their losses, depending on the state of the game.

For now, only full cash out is available on betway US. They do not have partial cash out or auto cash out.

πŸš€ Betway Bet Boosts

Another great feature on betway US are the regular odds boosts, giving customers the opportunity to bet at higher odds and potentially claim bigger winnings.

To view the odds boosts options on betway, simply click Boosts from the main menu.

Betway Casino Bonus

If you are more into online casinos than sports betting, you would be delighted to know that betway has a nice casino bonus for new players.

The betway casino sign up bonus is only available to players in New Jersey and Pennsylvania.

The casino welcome offer is a deposit match offer, up to a maximum of $1000.

So when you join betway casino and make a deposit, you will receive a bonus worth your deposit account.

However, this bonus remains non-withdrawable until you meet the betway casino sign up bonus wagering requirements.

Betway Casino Bonus Wagering Requirements
  1. You must wager thirty (30) times the sum of the qualifying deposit and bonus funds credited to your account.
  2. So if your deposit is $100, and bonus is $100, you must wager $6000 (30 Γ— $200) in order to free up your betway casino bonus.
  3. You must meet the wagering conditions not more than thirty (30) days after the bonus has been activated.
  4. The minimum stake/wager per bet to count towards the requirement is $0.10.
Get Your Betway Bonus Now
Lee Cooper

Lee Cooper

The betway bonus comfortably sits amongst the best betting bonuses in the United States. It's definitely worth having if you reside in a state where the operator is legal.

Ready to claim your betway bonus? Hit the green button below to sign up and claim the offer!

Sport bonus:

Bet $50, Get a $200 Bonus Bet

Turnover: 1x Bonus Amount Lowest odds: -300 Bonus code: No code

Betway Bonus: Frequently Asked Questions

πŸ’° What is the bonus amount on betway?

$250

The maximum bonus amount on betway is $250.

When you sign up on betway and make a deposit, you can claim up to $250 welcome bonus.

πŸ™‹β€β™‚οΈ How do I get a bonus on betway?

To get your betway bonus, you need to open a betway account, make a deposit of $10 and place a bet of at least $1. If your bet settles as a loss, betway will return your stake as bonus bets.

πŸ’‘ In what states is betway bonus available?

The betway sports bonus is available in the following states:

  • Arizona
  • Colorado
  • Iowa
  • Indiana
  • New Jersey
  • Ohio
  • Pennsylvania
  • Virginia

Pennsylvania and New Jersey players also have access to the betway online casino bonus.

❓ How do I get free money on betway?

Unfortunately, there is no free money on betway.

To receive any bonus on betway, you need to meet certain wagering requirements.

For example, for the sign up bonus, you need to wager at least $1. And to get the parlay bonus, you must wager at least $25 on parlay bets to receive the $10 bonus.

πŸ’΅ How do I convert my bonus to cash on betway?

The betway sports bonus cannot be converted to cash. The bonus bets can only be used to place bets on the site.

🏦 Can you withdraw money won from betway bonus bet?

Yes, any money won from betway bonus bets can be withdrawn. However, the amount of bonus bets used to place the wager will be deducted from the eventual payout.

🎁 What is the betway promo code?

There is no promo code for the betway bonus.

🎰 Does betway have online casino bonus?

Yes, betway has a casino bonus for customers in New Jersey and Pennsylvania.

The betway casino bonus is a $1000 deposit match bonus.

πŸ‘« Is there a referral bonus on betway?

No. For now, there is no Referral bonus on betway US.

Not happy with what you have seen of the betway bonus. Have a look at our complete list of the best sportsbook bonuses in the US. Hopefully, you will find one that appeals to you!

21+. Gambling problem? Call 1-800-327-5050
Best US Betting Bonuses
Company Bonus TextAction
Up to $1,000 First Bet Back on Caesars
Bet $5 Get $150
If Your Bet Wins
No Sweat First Bet up to $1,500
+ Daily NBA No Sweat SGPs
Bet $5, Get $150 or $1,000 First Bet Safety Net
Second Chance Bets Up To $500
Up To $1,500 In Bonus Bets
If Your First Bet Is Lost
No Sweat First Bet Up To $105
$100 No Regret First Bet
Up to $250 in Matched Bets
Over Your First 5 Weeks
Get Cash Back Up To $300
Use Promo Code BETBST

Betway Bonus review

Betway Bonus sportbonus

Bet $50, Get a $200 Bonus Bet

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