Betway Promo Code

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First Bet Reset Up To $250
Back In Bonus Bets
NO Code Required Claim bonus

Ends 11:59 PM (local time) on 12/12/2024. Must be a new verified Betway customer & present in AZ/NJ/PA. Void where prohibited. 21+. Opt-in may be req’d. Make your first min. deposit of $10+, place a wager up to $250 (with odds of -300 (1.33) or greater and receive up to $250 as bonus bet funds if the wager loses. Wager must be settled within 7 days from new account opening. Qualifying wager restrictions apply. Any bonus bet funds earned must be used within 7 days of receipt. Bonus bet funds are not the same as cash, must be used in the Sportsbook and are subject to restrictions. Promo subject to full T&Cs us.betway.com/sport/bonus-terms. Data & text rates may apply. Gambling Problem? Call 1-800-GAMBLER, or visit http://s.betway.com/rg.

Betway Sportsbook promos & bonuses

The Betway sportsbook promo offers new users a first bet reset up to $250 in bonus bets. 

Betway Sportsbook is giving first-time users the chance to claim a first bet reset up to $250 if their first wager loses. Below, you will find the full terms and conditions of this welcome bonus.

First Bet Reset up to $250

  • Promo code
    No promo code required
  • Minimum deposit amount
    $10
  • Play-through requirements
    N/A
  • Available states
    AZ, NJ, PA
  • Promo note
    While Betway also operates in CO, IN, IA, OH, and VA, the welcome bonus is not offered in those states
  • Deposit methods
    Credit, debit, PayNearMe, PayPal, Play+, VIP Preferred

Betway welcome bonus explained

As a new user of Betway Sportsbook, you can get up to $250 in bonus bets if your first wager loses. This type of welcome offer is generally referred to as first bet insurance, but Betway calls it a “first bet reset”. 

Promotions such as this are simple and user-friendly. All you need to do is register, deposit, and place your first bet. Then, sit back and wait for it to settle. If it loses, you will get your stake refunded up to $250 in bonus bets.

Betway Sportsbook promo terms & conditions

There are several important terms and conditions to know about the Betway promo, as is the case with many other sportsbook welcome offers currently on the market. 

For starters, your first real money deposit after creating your new Betway Sportsbook account must be $10 or more. 

Then, you must place your qualifying cash wager and have it settled within seven days of your initial deposit’s placement. Notably, bet boosts cannot be applied to your qualifying wager.

Your qualifying cash wager needs to have betting odds of -300 or greater (i.e. -300, -200, -150, etc.). If your cash wager wins, you will not receive any bonus from this Betway promo.

If your qualifying wager loses, expect to receive your bonus bet within 36 hours. To use your bonus bet, create a betslip, select the “Use Bonus Bet” checkbox and add the desired amount.

There is no restriction on how many bet slips you can spread your bonus bets across but you only have seven days after receipt to use your bonus bets.

As far as withdrawing is concerned, know that any wager won using a bonus bet will be stake-removed. Meaning, that the bonus bet itself will not be available to withdraw at any point, only the winnings.

How to sign up and claim Betway welcome bonus

Rest assured that accessing this Betway welcome bonus doesn’t take much time or effort, especially if you adhere to the following step-by-step guide:

  1. Click “Sign Up”
  2. Enter your email and create a password
  3. Provide name, birthdate, address, mobile number, last four digits of your SSN
  4. Enable location check
  5. Choose your welcome offer
  6. Agree to terms and conditions

Moreover, your identity and location must be verifiable to successfully activate your account.

Special promotions at Betway

Here, you will discover the other promotions that can be benefited from at Betway Sportsbook, including their loyalty program:

Betway Boosts

At Betway Sportsbook, you will come across daily bet boost opportunities. At the time of writing this page, for example, the site is offering bet boosts for MLB, NBA and Champions League markets.

Parlay Club

The Parlay Club promotion at Betway is available to all returning players specifically for parlay bets. All you need to do to participate is bet $25 or more overall on parlays (or same-game parlays) with at least three legs during the weekly offer period.

In doing so, you will earn yourself a $10 bonus bet. The outcome of your parlays and/or same game parlays has no impact on you receiving your $10 bonus bet. You will have seven days to use your bonus bet before it expires.

Betway Plus loyalty program

Earn Plus Points each time you place cash wagers at Betway Sportsbook — and notably — you will automatically be enrolled into the Betway Plus loyalty program. Meanwhile, you can redeem your Plus Points for loyalty bonuses, bonus bets and credits.

Promo comparison

SportsbookWelcome bonus
bet365Bet $5, get $200 in bonus bets OR First bet insurance up to $1,000
BetMGMFirst bet insurance up to $1,500
BetRiversSecond chance bet up to $500
CaesarsBonus bet back up to $1,000
DraftKingsBet $5, get $200 in bonus bets instantly
ESPN BETFirst bet reset: $1,000 in bonus bets if you lose
FanaticsBet and get up to $1,000 in No Sweat Bets
FanDuelBet $5, get $300 in bonus bets + 3 months of NBA League Pass if your wager wins
BetwayFirst bet reset: Up to $250 back in bonus bets

Betway Sportsbook promo review

Betway Sportsbook starts your journey as a first-time user on the right foot with its first bet reset up to $250 in bonus bets promo. It’s nice to know that your first cash wager will be refunded if it doesn’t win. 

There are more favorable welcome offers available, though. The most user-friendly welcome offers are of the “bet and get” nature. These normally look something like, bet $5, get $150 in bonus bets. These promos maximize reward potential while limiting potential loss.

Furthermore, there are some first bet insurance promos similar to that at Betway, but the maximum value is far higher. Some sites offer first bet insurance reaching $1,000 or greater. The $250 in bonus bets pales in comparison to that.  Still, the current Betway Sportsbook promo can be great for new customers interested in a winning offer.