Betway Sportsbook Promo Codes

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Betway is not only a well-known brand but the sportsbook is also known for offering bettors lucrative promos.

For example, the sportsbook’s welcome bonus: A $250 Risk-Free bet.

While it’s not the heftiest welcome bonus around, it’s still a great bonus with very few restrictions surrounding it. Plus, Betway has a host of other sports-specific promos for loyal bettors.

Taking advantage of all these available offers is extremely easy. We’re going to show you all of Betway Sportsbook’s available offers and how you can redeem them, so be sure to read on.

Betway Sportsbook Promo Code

Betway has a $250 risk-free bet welcome offer—this is exclusively available to new bettors who’ve never signed up on the site.

You don’t need a Betway promo code to unlock this offer, just use any of our links to ensure that you get this welcome bonus..

With this welcome offer, Betway will give you a full refund if your first wager is a loss. The maximum amount that you can get back from their welcome bonus is $250.

So if you place a $150 wager that ends up losing, Betway will give you free bet credit worth the same amount, and you can use that free bet to place another wager.

On the other hand, if your first wager is a winner, you won’t receive a bonus from the sportsbook.

However, in such a scenario, you’ll have reaped from winning your first-ever wager on the site and you’ll still have your original stake plus the winnings from that.

Also, you need to note that the refund will only apply to your first-ever wager, so any wagers that you place after that will not be insured.

To ensure that your first bet is a qualifying wager, you need to deposit at least $10 after creating your Betway account, and the first bet that you place needs to have odds of at least -300.

Before we move on to Betway’s other promos, here are some crucial bonus-related terms that bettors, especially new bettors, need to be familiar with:

  • Total Bonus Available – The max amount that a bettor can get from a bonus. For example, in Betway’s case, the total bonus available is $250.
  • No Deposit Bonus – Bonuses that are given without requiring a deposit.
  • Free Bet Offer – Bonuses of fixed amounts that are given as free wagers.
  • Risk-Free Bets – Bonuses that reduce risk by offering bettors refunds.
  • Bonus Code – A unique code that is used to redeem a special promo/bonus.

Do Betway’s Promo Codes Expire?

Yes! Like any other sports betting bonus, Betway’s welcome bonus has an expiry date.

For you to qualify for a potential refund, the first qualifying wager that you place needs to be placed and settled within 7 days of you creating your Betway account.

In case that qualifying wager loses, you’ll be rewarded with a free bet that is worth the same amount. You’ll have 7 days to use the free bet funds—if you fail to use them within that period, the bonus will expire.

Betway No Deposit Promo Code

No deposit bonuses are an extremely rare breed.

With this type of bonus, bettors are given free betting credit and aren’t required to make a deposit to unlock the bonus funds.

Because of this obvious advantage, it’s extremely hard to find no deposit bonuses, making them the rarest of the three welcome bonuses.

Currently, Betway doesn’t have a no deposit bonus.

Betway Deposit Match Bonus

With deposit match bonuses, a sportsbook gives you an amount that is equal to the deposit that you’ve made.

For example, if a sportsbook advertises a 100% deposit match bonus, this simply means that the book will give you a dollar-for-dollar match on any amount that you deposit.

So if you deposit $50, you’ll receive an extra $50 in bonus funds.

Currently, Betway doesn’t have a deposit match bonus.

Betway Free Bet

You can earn free bets on Betway in a number of ways.

Through their flagship welcome bonus, you’ll be rewarded with a free bet if your initial qualifying wager loses.

Several sports-specific promos also reward bettors with free bets. For example, one of their NFL promos rewarded fans and bettors with a $5 free bet anytime their favorite NFL team scored a touchdown.

We expect more free bets from Betway once they settle in the market, so check back in the future if you’re interested in free bets.

Betway Risk-Free Bet

Betway’s flagship bonus is a risk-free bet. When you opt for the sportsbook’s welcome offer, your first bet is going to be insured.

So you’ll get a refund, which will be given in the form of a free bet, if your first wager loses. With such a welcome offer, your risk is lessened, meaning that you can test the sportsbook out without worrying about too much.

The maximum amount that you can get back is $250, so keep that in mind when placing your first wager.

How To Redeem Betway Sportsbook Promo Code

Redeeming Betway’s promo code is extremely easy.

To ensure that you qualify for Betway’s risk-free bet welcome bonus, just follow these simple steps:

  1. Click one of our links, and you’ll be redirected to Betway’s site.
  2. Click the “Join Now” button.
  3. Though a promo code isn’t necessary, you can still enter our promo code in the appropriate space.
  4. Enter all your personal details. Such details include your email, password, name, address, Social Security number, and other important info. When done, click submit.
  5. Deposit at least $10 after your account has been created and verified.
  6. Place your first wager. If it wins, you get to keep the stake and the profit. If that wager loses, Betway will give a full refund in the form of a free bet.

Check Bonus Funds On Betway Sportsbook App

Anytime that the sportsbook credits your account with bonus funds, you’ll be notified by the app.

You can also check whether bonus funds have been credited by going to the cashier section of Betway’s app.

Also, whenever you’re going to place a bet, any free bets/bonus funds that you have will appear on the bet slip.

How Long Do Bonus Funds Take To Arrive?

Once your qualifying wager has been settled as a loss, you should receive the bonus funds within 24 hours.

Other sportsbooks take between 48-72 hours to credit bonuses, so Betway definitely stands out in this department.

Rollover & Wagering Requirements

Betway’s welcome offer doesn’t have any stringent wagering requirements.

There’s a simple 1x rollover attached to the bonus, so you just need to play the bonus once for you to be able to cash out your winnings.

However, you need to note that you’ll only be awarded the winnings from the wager; the bet amount won’t be included in your final earnings.

For example, let’s say that the first wager that you placed on Betway was a $100 bet that ended up losing. Betway will give you a full refund worth $100.

If you place this $100 on an event that is priced at +100, you’ll receive $100 in your cash balance instead of $200 because the winnings are not inclusive of the risk-free bet stake.

The terms and requirements for other bonuses may be different from their welcome bonus, so always ensure that you go through such terms first.

Sports Specific Bonuses & Promotions

Betway has been in the sports betting industry for a while, so you can expect other sports-specific bonuses and promos from them.

Such promos include the following:

NBA Promos

  • Basketball one-game parlay
  • Odds boosts
  • Bet $10 Live, Get a $5 Free Bet

NFL Promos

  • $5 Free Bet per Touchdown

NHL Promos

  • NHL parlay booster
  • NHL one-game parlay

Other Betway Sport Promos

  • Betway Boosts – Enhanced Odds

Promos Outside The Regular Signups

Here are a few other promos from Betway that you should consider:

Refer A Friend

Currently, Betway USA doesn’t have a refer-a-friend offer. Since Betway has this offer in other European markets, we’re sure that Betway will soon introduce it to their US customers.

Weekly Challenge

  • $5K Betway Big Pick

Promos Worth Considering

  • One-game parlay in various sports

State Specific Bonuses

At the time of writing, Betway sportsbook is available in the following states: Colorado, New Jersey, Indiana, Pennsylvania, and Iowa. Obviously, the sportsbook is expected to launch in other states soon.

There are no state-specific promos on Betway. This is obviously a good thing because bettors get to access the same perks regardless of their geographical location.

Additionally, the total bonus available for the risk-free bet is equal in all the states that Betway operates in.