The Betway Bonus – A Guide to Bonus Offers and Payments

As one of the most highly recommended betting sites in our review series, Betway also carry a fairly decent selection of special bonuses and promotions. To add to the fairly generous new player deposit match worth up to £30, there’s also a varied range of bet refund deals, extra winning bonuses, and additional free bet deals up for grabs throughout the year. Scroll down to our full review below.

The Betway Bonuses
Overview – One Click to Your Topic
All Bonuses Worth £30+
Welcome Bonus Matched deposit
Validity 7 days
Other Promotions Free bets
Promo Codes Not required
Requirements Odds of 1.75 + (3/4)
Payment Methods PayPal, Skrill, Neteller + 7 more
FAQ 3 questions answered
100% Deposit Bonus £30
Claim Bonus Visit Site!
Website www.betway.com
Overall Rating 4.7 / 5
Betway Highlights
Rated as Best Betting Bonuses
Listed Under Top Football Betting Sites
Full T&Cs Apply! *New UK and Ireland Customers Only. Min Deposit: £/€10. First Deposit matched up to £/€30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only.

The table above gives you a brief overview of the Betway sign-up bonus and some of the most important conditions. There’s no special promotional code. Keep reading below for some more detailed info on the conditions of the Betway welcome bonus and the banking system.

All Bonuses on Offer

As you’d expect, the main type of bonus is the welcome offer. Even so, there are many other things you can take advantage of. This includes a free bet club, money back specials, or odds boosts. We’ll now go into detail in to give a better overview.

The £30 Welcome Bonus Explained

Betway reward all their new customers with a free bet equal to the value of the first deposit. This bet is matched up to £30. It represents good value, as it is 100% equal to your initial investment. It’s a great option for matched betting .

There are a few simple requirements you need to follow in order to be eligible for the free bet. Your first bet has to be wagered at odds over 1.75 (3/4) in order to qualify. This can be done on any sport, so you will have a large selection to choose from. Be careful, though, if you initial qualifying bet uses each-way, the place part of the bet must be placed at odds over 1.40 (2/5). If you are using a system bet, the odds need to be over 1.40 (2/5), for it to count towards the free bet qualification.

For your free bet to be activated you have to place bets (following these requirements), totalling your initial deposit amount, up to £30. Once you have done this you will receive the free wager. It’s pretty straight forward, all things considered, and is easily obtainable and there are no hidden requirements you have to meet.

How to Get the Welcome Bonus

You don’t need to enter any promo code for you to be eligible for this offer, instead, there will be a box to check where you opt in for the welcome offer when you create your account. After you have deposited and played through, you will then see your free bet token appear. In the box below, we have created a handy step-by-step guide, to help you through this process.

Validity of Bonus

After your free bet has been credited it will be valid for 7 days. It is only valid for those residing in the UK and Nothern Ireland. There is only one free bet allowed per customer, per household. This is specifically for a Sports Account, and thus counts toward sports bets. It can’t be claimed in conjunction with any other offer at the same time. Once you have received the free wager, you can’t use it on multiple bets. Furthermore, there maximum you can win is £20,000, so keep this in mind when playing.

There are often times small clauses in the small print, so make sure you have read through the full terms before playing so you are not caught off guard by any of them.

Free Bet Club

The Free Bet club offered by Betway is an intriguing prospect. First you have to opt in, then you have to bet a minimum of £25 on multiples in a week. By doing so you will then be rewarded with two free £5 bets. These will be accredited to your account in instalments on Saturday and Monday. Bets between Saturday and the following Friday count towards this. The great thing about this offer is that it is available for both new and existing customers. Therefore, you can enjoy it no matter how long you have been a member.

Money Back Specials, Price Boosts and More

Depending on the time of year and the event in question, Betway offer many smaller promotions aimed directly at the event. Often times this can include many things such as the money back specials on horse races, or price boosts for first goal scorers. It’s best to check in the weeks and months leading up to such big races or matches and you are sure to find dedicated promotions. They can be found in the banner of the site, so don’t miss out!

No Promo Codes Required

The great thing about this bonus, is that there are no codes required to take part. All you do is sign up and check the box that you are willing to partake in the promotion. Then you are good to go. It means that you don’t have to remember anything or even forgot what it is. Just follow the link we provided, and you will be ready to get going.

Wagering Requirements and Conditions

As we have already explained, there are a few terms and conditions you need to fulfil in order to obtain this wonderful bonus. They aren’t too dissimilar from any of the others we’ve seen so far. New players are given a period of up to 7 days to make the first deposit and valid wager – not quite as long as the 30 day grace period allowed at 888sport, but still enough time to think carefully about where the best place is to lay your first stake. As long as your first bet is matching the odds required, there aren’t any more requirements to qualify.

Payment methods

In terms of sheer volume of numbers, Betway are one of the better operators when it comes to payment options. In addition to all the most commonly used debit cards, punters can also choose from a number of some of the lesser known e-wallet and pre-paid cards such as Ecopayz.

Payment Methods Withdrawal Limits Deposit Limits Withdrawal Time Deposit Time Fees
Visa No Limit £10 – No Limit 2 – 4 days Instant Free
MasterCard No Limit £10 – No Limit 2 – 4 days Instant Free
Maestro No Limit £10 – No Limit 2 – 4 days Instant Free
PayPal No Limit £10 – No Limit 2 – 4 days Instant Free
Neteller No Limit £10 – No Limit 2 – 4 days Instant Free
Skrill No Limit £10 – No Limit 2 – 4 days Instant Free
Ecopayz No Limit £10 – No Limit 2 – 4 days Instant Free
Entropay Not Available £10 – No Limit Instant Instant Free
Paysafecard Not Available £10 – No Limit Not Available Instant Free
Wire Transfer No Limit £10 – No Limit 2 – 4 days Instant Free
Bank Transfer No Limit £10 – No Limit 2 – 4 days Instant Free

*Limits may apply from the payment processor themselves.

The minimum deposit amount with Betway is £10 – just a little more than Ladbrokes and Coral who both set their minimum deposit at £5 – and withdrawals can be processed and cleared in as little as 48 hours. All deposits are debited to your online account pretty much instantly, and needlessly to, all payment transactions are completely free of charge.

Betway Bonus: A Top Offer to Start With

Overall, we think that it’s fair to say that Betway offer a solid selection of bonus deals. There’s a pretty decent selection of extra winning bonuses that are awarded in the form of free bets, as well as a good range of bet refunds in the form of accumulator insurances and single bet insurances that provide an extra added safety net when you’re a little down on your luck. The range of sports markets on which they can be used is nice and varied – football, horse racing, darts handball, and all the most popular American sports are all included – and there’s a good amount of variation throughout the year to keep you on your toes.

Claim the Bonus!
Strengths and Weaknesses of the Betway Bonus
  • Major Strengths
  • 100% first bet match
  • Major Weaknesses
  • None
  • Minor Strengths
  • No rollover requirements
  • Minor Weaknesses
  • None
Full T&Cs Apply! *New UK and Ireland Customers Only. Min Deposit: £/€10. First Deposit matched up to £/€30. 1 x wagering at odds of 1.75+ to unlock Free Bet. Debit Card & PayPal deposits only.

The main areas where the bookie falls a little short is regarding the lack of a long term best odds guaranteed promotion for UK & Irish racing markets, and one of the conditions attached to the welcomes bonus. In a similar vain, you may find that due to the lack of a long term best odds guaranteed promotion, you may have to end up settling for the starting price at the races even when the winning price turns out to be greater. If you’re on the hunt for an operator that always promises to pay you out at the highest odds price, we recommend William Hill. Aside from this, there’s enough on offer here to merit trying out the Betway bonus package.

FAQ

If you have any questions or queries regarding the Betway bonus, or the details are not displayed correctly, please send us a message at info@bestbettingsites.com.

When can I expect to see the returned funds from a bet refund promotion?

If you’re eligible for a free bet reward as a result of a bet refund promotion, the free bet funds will be credited within 24 hours of the relevant match finishing. Once the it’s been awarded, it will remain valid for 7 days. The stake itself won’t be included in any returns.

What is a free bet?

A free bet is a type of credit bookies give to wager on sports. If you win using a free bet, then you will keep all profit, minus the stake amount. There are no additional wagering requirements.

What payment methods can I use with this bonus?

In order to be eligble for this offer you have to deposit with MasterCard, Maestro, or PayPal. If you use any other method, it will not count towards the free bet.