Betway Sportsbook – $250 Sign-up Bonus in February

Betway Sportsbook is one of several overseas books breaking into the legal online betting market in the United States. Based in Malta and with offices in London, Guernsey, and Madrid, Betway has historically been a giant in the European sports betting landscape, and it excels in offering lines on international and niche sports, competitive odds, and promotions.

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So far, Betway has secured licenses to operate in eight states where online sports betting is legal: Arizona, Colorado, Indiana, Iowa, New Jersey, Ohio, Pennsylvania, and Virginia. This review will cover the key aspects of Betway in the US, including the welcome bonus available to you as a new customer, betting particulars, and customer service.

Betway Sportsbook promo code for February 2023

Betway offers up to $250 in bonus bets if your first bet at the online sportsbook loses, no code necessary. If your first bet at Betway wins, you collect your winnings as normal but no bonus.

Online SportsbookBetway Sportsbook
Betway Promo CodeNot needed
Welcome BonusRefund of up to $250 in bonus bets if your first wager loses
Bonus Terms & CondidtionsMinimum deposit of $10. First bet must have odds of at least -330. Bonus bets expire after seven days.
Best FeatureExtensive betting options for international and niche sports (soccer, cricket, rugby, handball, etc.)
Last VerifiedFebruary 2023

Betway welcome bonus terms and conditions

Once you’ve signed up at Betway, deposit a minimum of $10 into your account and place your first bet to qualify for the welcome bonus. Here are the main conditions to be aware of:

You can find more information on the terms of this bonus on the promotions page of the Betway site.

Other Betway promotions

In general, Betway does a good job taking care of its regular users, with various promotions available after you’ve claimed the welcome bonus. You can locate these under the “Promotions and Features” tab of the Betway website, which is just labeled “Promotions” on the Betway app.

To give you a few examples of what may be available, Betway offers a solid selection of odds boosts, which rotate daily. These allow users to bet on an upgraded line (+170 up from +150, for example) on a predetermined wager, usually related to a popular event, like a tournament or playoff game. Betway also offers sport- or event-specific parlay boosts. For example, you might be able to claim 40% boosted profits on soccer parlays. You may also find bonuses like “bet $20, get $10,” good for any pregame wager on a specific day. Betway users can also participate in the Betway rewards program, which applies to the company’s online sportsbook and casino, as well as Betway’s early cash-out option, which allows you to settle a bet early in exchange for a reduced payout on eligible bets.

Is Betway Sportsbook legal?

Betway is legal in eight states so far, some of which have extra rules related to betting on college sports:

StateAdditional Requirements or Condidtions
ArizonaNo prop betting on college sports.
ColoradoNo prop betting on college sports.
IndianaN/A
IowaNo prop bets on individual college athletes.
New JerseyNo betting on in-state college teams.
OhioN/A
PennsylvaniaN/A
VirginiaNo betting on in-state college teams. No college prop bets.

Other states may join this list in the future if Betway expands its US presence. Check back for updates.

How does Betway compare to other legal sportsbooks?

Betway has a good range of betting options, particularly when it comes to international and niche sports. This is on top of the usual suspects (NFL, NBA, MLB, and NCAA) that you’ll find at any major legal sportsbook. Soccer fans, for instance, will find a good selection of betting options and dedicated promos at Betway, thanks to its European pedigree. Betway also performs well when it comes to regular promotions. It offers a good selection of odds boosts, parlay boosts, and bonus bets corresponding to popular events at any given time (for example, a 30% profit boost on NFL parlays).

Betway lags somewhat when it comes to its welcome bonus, as $250 is a lower maximum value than at some of its top competitors. However, for many casual bettors, a $250 limit on a first-bet promotion like Betway’s will end up being more than enough. Betway also struggles when it comes to single-game parlays; at the moment, SGPs are only available for soccer and basketball.

What are the top features at Betway?

How to sign up for a Betway Sportsbook account

When you head to the Betway site or app, you’ll find a green button that reads “Join Now.” Click on it to head to the registration page, where you’ll have a few boxes to fill in. The first things you’ll need to provide are your email address, a password, and verification of your location.

Following that, you’ll need to add some basic personal information: your name, date of birth, and the last four digits of your Social Security number. You’ll also need to provide a phone number, a home address, and a couple of security questions that you can use to reset your password or verify your identity in the future. After that, all that’s left is to pick a payment method and make your first deposit (minimum of $10).

As long as you’re located in a state where Betway is legal and are of legal age to bet on sports in that state, you should have no trouble signing up. You’ll have to verify your location, and attempting to bypass that step with a VPN will likely result in a ban.

How you can bet at Betway

You can make whichever type of bet suits you at Betway. Whether you prefer moneylines, spreads, props, or parlays, all the standard options are available. When you open the app, you can browse the sports menu, which will display featured and live games. There’s also a dedicated live menu (under “in play”) that you can toggle to on the top toolbar. To see the full list of sports, click into the side menu (in the upper left corner) and scroll through the menu.

To add a bet, simply click on it. Then, in your bet slip, you can edit your stake, or parlay individual wagers together. You can also view any ongoing or past wagers. In general, placing bets is smooth and efficient, with an easy-to-use interface facilitating the experience. Betway also settles bets quickly and reliably, and you can cash out select bets early.

What sports can you bet on at Betway?

Betway offers wagers on major leagues like the NBA, NFL, MLB, NHL, MLS, UFC, and WNBA, along with options like tennis, table tennis, Formula One, NASCAR, golf, college football, college basketball, cricket, Aussie rules, cycling, darts, esports (where available), volleyball, handball, rugby and more.

If you’re new to betting or you want a refresher, here are the main bets at Betway.

BetExamples
MoneylineA bet on which team will win.
For example, you bet $10 on the Las Vegas Raiders to bet the Kansas City Chiefs at odds of +220, for a potential payout of $32.
SpreadA bet on which team will win that incorporates the margin of victory.
For Example, you bet $10 on the Chiefs to beat the Raiders with a spread of -7.5, meaning the Chiefs have to win by eight points or more for your bet to win. Odds are generally at or around -110 on both sides.
Over/Under (Total)A bet on whether the total number of points in the game will be over or under that Betway sets.
For example, you can choose whether you think the Bills-Dolphins game will see over or under 47.5 total points. Odds are generally at or around -110 on both sides.
PropA bet on a smaller event within the game, usually unrelated to the final outcome.
For example, a prop on whether Patrick Mahomes will end the game with over or under 288.5 passing yards.
You could also bet on whether a game will go to overtime, which team will hit X points first, what the result of the first drive in a football game will be (punt, TD, field goal, etc.) and much more.
ParlayA bet that combines multiple wagers in exchange for higher odds.
For example, you could combine wagers on the Chiefs to win, the Bills to win and Joe Burrow to throw over his passing yards line. For the bet to win, each individual wager (or “leg”) must be correct.
In a same-game parlay all legs come from the same game.

How are the odds at Betway?

Betway tends to have reasonable odds, and it offers daily odds boosts that make its pricing even better, though only on select bets. As far its regular odds go, Betway — perhaps unsurprisingly — does well on international sports like soccer, where its European roots are apparent. Nonetheless, its odds on major North American sports and leagues still tend to be competitive, though on football and basketball it can lag a little behind sportsbooks like BetMGM and Caesars.

Betway platform review

Betway’s platform offers solid functionality. The app lacks some of the slick aesthetic choices you’ll find at other sportsbooks, but everything works as intended. There’s a top toolbar that allows you to move between the sports menu, the live betting options and casino games (where available). There’s also a side menu that displays the full list of sports, including the more niche offerings. Clicking on the odds for a bet automatically adds that wager to your bet slip, where you can edit the stake, parlay it with another wager and so on. There is also a dedicated promotions tab indicated by a plus sign.

The top three things we like

Three things we would like to see improved

Betway banking options

Betway users have the following options for depositing money:

When it comes to withdrawing, you can choose from the following options:

Most withdrawals will take 24 hours to process, though credit cards can take longer. E-wallets will typically provide the fastest processing times.

How to get help at Betway

Betway provides solid customer support. You can contact a 24/7 live chat on the sportsbook site, which should provide you with an answer to your question right away. If your issue is unresolved or requires a more extensive explanation, you can try email ([email protected]) or submitting a customer support ticket (which you can find in the “Contact Us” section), both of which should provide a response within two to three days.

Clicking “Contact Us” will also take you to a page with informational resources on everything from deposit methods to responsible gambling resources. At the bottom of the Betway site, you can find a link to another page — “House and Betting Rules” — with in-depth sport-by-sport information covering all the rules and regulations that apply at Betway.

Betway Sportsbook FAQ

What is the Betway bonus code for February 2023?

At the time of this review, you do not need a code to claim the Betway welcome bonus.

Is Betway Sportsbook legit?

Yes. Betway is a licensed and regulated sportsbook in Arizona, Colorado, Indiana, Iowa, New Jersey, Ohio, Pennsylvania and Virginia. This makes Betway much more reliable than offshore books like Bovada and BetOnline.

Can I use a VPN to bypass geolocation?

No you cannot. If Betway detects a VPN, it will ban your account. If your state plans on legalizing sports betting, you are much better off waiting until Betway launches there.

Does Betway Sportsbook offer same-game parlays?

Yes, but as of right now only for soccer and basketball.

Are the odds at Betway Sportsbook good?

Yes, Betway’s odds are competitive, and some will benefit from daily boosts. Standard spread odds are -110, and Betway’s other odds tend to be reasonable, as well.

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