TOP BETWAY PROMOS & BONUSES: AUGUST 2024

1. Which Types of Sportsbook Promos Does Betway Offer?

Betway offers a range of sportsbook promos to enhance your betting experience. These include:

1. Free Bets: With free bets, Betway rewards you with bonus site credit after you place a bet. This is the most common type of welcome bonus.
   
   Example: Bet £5 and receive a £150 free bet.
   
   Also Known As: Bonus bets, "bet x get x" offers, free plays, bonus credits.
   
   
   
2. Risk-Free Bets
   Risk-free bets mean that Betway will refund your stake if your bet loses, usually in the form of a free bet.
   
   Example: A £100 risk-free bet offer. If you wager £100 and win, you keep the winnings. If you lose, you get your £100 back as a free bet.
   
   Also Known As: No sweat bets, second chance bets, first bet insurance.
   
   
   
3. Deposit Bonuses: Betway offers an additional percentage bonus on top of your initial deposit.
   
   Example: With a 50% deposit bonus, if you deposit £100, Betway gives you an extra £50.
   
   Also Known As: Deposit matches.
   
   
   
4. No Deposit Bonuses: No deposit bonuses don't require a deposit to be activated.
   
   Example: Sign up and receive a £300 no deposit bonus, which Betway funds to your account, usually as a free bet.
   
   Also Known As: No deposit cash.
   
   
   
5. Reload Offers: Reload offers are promotions available to existing users, not just new sign-ups. They can include free bets, enhanced odds, and more.
   
   Example: Bet at least £10 every week of the World Cup and receive a £50 free bet for the final.
   
   Also Known As: Reload bonuses, ongoing offers.
   
   
   
6. Profit Boosts: Profit boosts provide a percentage increase to your profits on a wager if you win.
   
   Example: A 50% profit boost means if you earn £100 profit, Betway increases your profit to £150.
   
   Also Known As: Cash boosts.
   
   
   
7. Odds Boosts: Betway enhances the odds on certain bets, typically prop bets, allowing higher winnings from the same stake.
   
   Example: Houston Astros & Colorado Rockies both to win, was +190, now +240.
   
   Also Known As: Enhanced odds, price boosts.
   
   
   
8. Parlay Insurance: With parlay insurance, you get your stake back as a free bet if one leg of your parlay bet loses.
   
   Example: Place a 3+ leg same game parlay on any sport, and if only one leg loses, receive a refund in site credit (max £25).
   
   Also Known As: Parlay promo, parlay cover.
   
   
   
9. In-Play Bonuses: Bonuses for placing live, in-play bets during an event.
   
   Example: Bet £50 in-play and receive a £20 free bet.
   
   Also Known As: Live bet bonuses.

With these various types of sportsbook promos, Betway ensures that both new and existing users can enjoy added benefits and maximize their betting potential.

2. Is Betway Legit?

Yes, Betway is considered a reputable sportsbook. Established in 2006, it first gained prominence in the UK before expanding globally.

In the US, Betway launched its online sportsbook in 2020, operating legally in states with regulated online betting. It's licensed and regulated by respected authorities, ensuring fair play and security for users.

Betway offers a wide range of sports betting markets, competitive odds, and convenient payment options, making it a popular choice among bettors worldwide.

3. Which States is Betway Legal in?

Betway is a multi-state sportsbook in the US, currently legal and offering promos in the following states:

• Arizona: Betway launched in Arizona in March 2022, through a partnership with the San Juan Southern Paiute Tribe, allowing residents to bet on major sports with certain NCAA restrictions.

• Colorado: Betway became available in Colorado in May 2020. Colorado was one of the early adopters of online sports betting, offering residents numerous sportsbook options including Betway.

• Indiana: Betway started operations in Indiana in May 2021, partnering with the Belterra Resort Indiana. Indiana permits betting on all major US and international sports, including college sports with some live prop betting restrictions.

• Iowa: Betway launched in Iowa in September 2021, in collaboration with Diamond Jo Casino. Bettors in Iowa can wager on all sports within the state lines with no NCAA restrictions​.

• Louisiana: Betway entered the Louisiana market in August 2023. This entry adds to the competitive online betting environment in the state alongside other major sportsbooks​.

• New Jersey: Betway has been active in New Jersey since its early entry into the US market. New Jersey was pivotal in legalizing state-level sports betting and offers a highly competitive market for sportsbooks​.

• Ohio: Betway launched in Ohio in 2023, providing new users a $250 bet insurance offer. Ohio's entry into the legal sports betting market is relatively recent, making Betway a notable addition.

• Pennsylvania: Pennsylvania legalized online sports betting in May 2019 and Betway quickly joined the market. The state has a robust online gambling environment including sports and casino betting.

• Virginia: Betway launched in Virginia in early 2021. Virginia offers a competitive online sports betting landscape, with Betway being one of the prominent operators.

4. Does Betway Offer Sportsbook Promos for New Users?

Betway offers sportsbook promos specifically designed for new users every month.

These promos, often referred to as welcome bonuses or signup bonuses, are some of the most generous offers the sportsbook provides.

You can find Betway's best sportsbook promos for new users at the top of this page.

5. Does Betway Offer Promos for Existing Users?

While not as generous as their welcome bonuses, Betway does offer promos for existing users. These promos, often referred to as reload offers or ongoing offers, come in various forms. They commonly include profit boosts, enhanced odds, and bonus bets.

If you’ve already used all of your welcome bonuses, check out how you can maximize the profits you can make from promos as an existing user here.

6. How Can I Claim Betway Promos & Codes

Looking to make the most out of your betting experience on Betway? Understanding the terms and conditions (T&Cs) associated with their promotional codes and other offers is key.

Here's a rundown of some of the most common T&Cs  you’ll come across on the sportsbook:

1. Eligibility Criteria: Before diving into any promotion, ensure you meet the eligibility requirements outlined by Betway. This often includes age restrictions and geographical limitations.

2. Promo Duration: Each promotion comes with a specific duration during which it is valid. Be sure to take note of the start and end dates to maximize your participation.

3. Wagering Requirements: Most promotions on Betway involve wagering requirements. This involves placing a certain number of bets or wagering a specific amount before you can withdraw any associated winnings.

4. Minimum Deposit: Some promotions may require a minimum deposit to qualify. This amount varies depending on the promotion, so always check the T&Cs for clarity.

5. Bonus Codes: Keep an eye out for any bonus codes associated with promotions. These codes, when entered correctly during the qualifying period, unlock the respective bonuses or offers.

6. Excluded Bet Types: Certain bet types may be excluded from specific promotions. Make sure you understand which bets qualify and which do not to avoid any confusion.

7. Cashout Restrictions: In some cases, utilizing the cashout feature on your bets may void eligibility for certain promotions. Take note of any restrictions related to cashing out bets before you use it.

8. Bonus Expiry: Bonuses and rewards acquired through promotions typically have an expiry date. It's essential to use them within the specified timeframe to prevent forfeiture.

9. Withdrawal Restrictions: Check for any limitations on withdrawing winnings from promotional offers. These restrictions may include minimum withdrawal amounts or specific withdrawal methods.

10. Promo-Specific Terms: Each promotion may have unique terms and conditions beyond the general guidelines. Be sure to read through these specifics to understand the full scope of the offer.

By familiarizing yourself with Betway's promotion T&Cs, you can make informed decisions and make the most of the exciting opportunities available on the platform.

Tip: The information provided here is based on general observations and may be subject to change. Always refer to the official Betway website for the most accurate and up-to-date T&Cs.

12. What Are the Pros and Cons of Betway?

Pros:

• Wide range of sports coverage.
  
  
• User-friendly interface.
  
  
• Competitive odds.
  
  
• Attractive promos and bonus offers.
  
  
• Mobile-friendly platform.
  
  
• In-play betting options.
  
  
• Secure and reliable payment processing.

Cons:

• Some complex bonus terms.
  
  
• Lack of live streaming.
  
  
• Restricted availability in certain regions.
  
  
• High wagering requirements.
  
  
• Limited language support.
  
  
• Occasional server issues.
  
  
  

13. Are There Any Risks With Betway Promos?

While claiming Betway promos can be a great way to maximize your betting profits, it's crucial to be aware of their potential risks.

Four of the most notable risks attached to promo offers are: 

• No Guaranteed Winnings: Whether it's a $150 free bet, a $1,000 risk free bet or a 50% deposit bonus, if you place your bonus credit on a losing bet you will still come away with no more cash than when you started.  
  
  
• Risk of Losing Money: One of the most common ways bettors lose money through promos is through risk free bets. Let's say you're gifted a $500 risk free bet and you place your $500 on the losing side of a game, you won't be refunded with $500 of withdrawable cash, but instead $500 of site credit (often in the form of a free bet). Place this free bet on the losing side and you've just lost $500 to the sportsbook. 
  
  
• Limited Number of Sign-Up Bonuses: While sign-up bonuses can be generous, you can only ever receive one sign-up bonus from the sportsbook (when you first create an account). This means that it isn't wise to rely purely on sign-up bonuses for all of your profits.  
  
  
• Misuse of Promos: Certain promos have more complex rules and often hidden T&Cs. As a result, if you go into them without proper guidance and support you can risk reducing the amount of overall profit you earn, or worse, lose money.

But it isn't all doom and gloom. There is one way you can guarantee profits from sportsbook promos risk-free, every time.

Sound too good to be true? Read the next section. 

14. How to Guarantee Profit From Betway Promos

While it's true risks can arise when claiming Betway promos, one clever technique exists that can remove them and guarantee you profits from promos every time.

Promo conversion (A.K.A matched betting), is a fully legal, super simple (with the right platform) method of turning sportsbook promos into guaranteed cash.

Simply put, it involves betting on one side of a game to qualify for a sportsbook promo, then betting on the other side to cover both outcomes and remove the risk. Repeat this process using your new promo and voila! You've locked in a guaranteed profit. 

And while this sounds simple on paper, to earn serious monthly profits with this technique you need rapid odds-matching software, an up-to-date promo database and tailored instructions for converting each offer at your disposal. 

15. Why Choose ProfitDuel?

At ProfitDuel we have over 10 years' experience in the matched betting industry at the highest level. In that time we've helped 400,000+ members in the US & Europe earn guaranteed profits in the $1,000s each month converting sportsbook promos.

How exactly? By taking the complex-sounding promo conversion process we touched on in the last section, and creating intelligent software, easy-to-follow strategies and expert one-to-one customer support to make it insanely simple. 

Not sold yet? Read the 5 simple steps to converting sportsbook promos in our free guide to see just how easy it can be to add $1,000s to your monthly income.

When you've done that and you're ready to start earning guaranteed profits, sign up to ProfitDuel using our limited-time offer: 7 days ProfitDuel Premium for $1.