A Review of the Betway Bonus Offering

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. There are however a couple of key promotions that aren’t included at Betway – namely a bets odds guaranteed deal for horse and greyhound racing events – that many other operators offer as standard. For the full investigation into the different stages of the Betway sign-up offer, the selection of long term and short term promotions, and the range of payment options available to UK punters, scroll down to our full review below.

The Betway Welcome Bonus in Detail
  • 100% Bet Match BonusFree Bet Worth Up To £30
  • No Promotional CodeSimply Deposit & Bet Up To £30
  • No Rollover RequirementsDeposit + Bonus
  • Bonus Validity7 Days After First Deposit
Welcome Bonus£30Bonus Code: n/a

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, and the absence of any extra roll over requirements means that you’ll be able to make a timely withdrawal if your bonus bet turns out to be successful. Keep reading below for some more detailed info on the conditions of the Betway welcome bonus and the banking system.

A Close Look at the Bonus Types7

The £30 Free Bet Welcome Bonus

In a similar vein to the welcome bonus offered by William Hill and Betway reward all their new customers with a free bet equal to the value of the first bet. This bet is matched up to £30. The bonus is triggered by the first bet; however the deposit and bonus must be wagered at 1.75 or above before it can be withdrawn.

How to Claim the Bonus

To redeem the offer, new customers are required to register an account via mobile, desktop or tablet, and then choose from one of the valid payment options and deposit a minimum of £10. After the placement of the first qualifying bet, the complimentary wager is awarded in free bets. This is a great deal that is easy to claim.

Reasonable Bonus Conditions

The conditions attached to the Betway sign-up bonus 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 90 day grace period allowed at 888sport, but still enough time to think carefully about where the best place is to lay your first stake. Once the first bet has been made, there are no more rollover requirements necessary.

A Limited Range of Bonuses & Promotions

Although the Betway promotions range isn’t quite the best on the market, there are still a considerable number of bonus opportunities to be had here. The most common types are bet refund deals and winning bonuses, both of which are subject to great change depending on the different sports markets and the time of year.

Bet Refunds & Accumulator Insurances

For the most part, bet refunds and accumulator insurances are the most common types of bonuses you’ll find at Betway. The good thing here is that unlike some of the other operators in our reviews, Betway tailor their accumulators to fit a good range of different sports in the likes of basketball, ice hockey and handball. One major talking point here is that whereas most bookmakers will only offer refunds of up to £25 when one selection on a 4 or 5-fold accumulator falls through, Betway have been known to offer refunds of up to £50.

Extra Winning Bonuses & Free Bets

In addition to bet refunds, you’ll sometimes find the odd winning bonus for some of the more popular sports such as football and horse racing. Although these aren’t quite as generous as the 100% bonuses we sometimes see, additional winnings of 10% and 20% on your pay out price is a pretty decent reward.

Mobile Bonus

Unfortunately, Betway don’t currently offer a special bonus for the mobile sportsbook. To find out what other bonuses and promotions are available when betting on-the-go be sure to read our exclusive app review page.

Numerous Payment Options 9

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 and credit cards, punters can also choose from a number of some of the lesser known e-wallet and pre-paid cards such as Neosurf, ClickandBuy and EziPay.

Payment Method Deposit/Withdrawal Processing Time Limits Min/Max Fees
£10 – No Limit
3-5 Business Days £10 – No Limit
£10 – No Limit
£10 – No Limit
Up to 48 hours £10 – No Limit
£10 – No Limit
Up to 24 hours £10 – No Limit
£10 – No Limit
Up to 24 hours £10 – No Limit
£10 – No Limit
Up to 48 hours £10 – No Limit
£10 – No Limit
£10 – No Limit
3-5 Business Days £10 – No Limit
£10 – No Limit
3-5 Business Days £10 – No Limit
2-5 Business Days £10 – No Limit
£10 – No Limit
£10 – No Limit
Up to 48 hours £10 – No Limit
£10 – No Limit
£10 – No Limit
Up to 24 hours £10 – No Limit
£10 – No Limit

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.

Conclusion – Satisfactory Bonuses and Promotions

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.

Strengths and Weaknesses of the Betway Bonus
  • Major Strengths
  • 100% first bet match
  • Minor Strengths
  • no rollover requirements
  • Major Weaknesses
  • none
  • Minor Weaknesses
  • none

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.

Q&A/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.uk.

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.