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If you have been around the matched betting arena for a few years, you will be aware of Betway and the negative press which has gone hand in hand with this bookie, especially the way that they have dealt with punters who have taken advantage of the various Betway deals.
The thing is though, the spotlight is well and truly on this bookie in the way that they handle Betway bonuses, so this has got to be good news for matched bettors as Betway know only too well that any more nonsense on their part could very well result in the wrath of the gambling authorities and the consequences which go with that.
With that in mind, in this review we are going to closely examine the Betway promotions and how you can take advantage of them.
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- Get £10 in free bets
by placing a qualifying bet
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The Wide Range of Betway Bonuses – Are They Any Good?
As with so many sportsbooks these days, the reload bonuses for existing players are often more attractive than the new customer offer whereas only a few years ago, the exact opposite was true.
The Betway registration bonus is pretty basic in that it consists of a deposit £10 and receive £10 Betway free bets deal.
Don’t let the fact that the Betway registration offer is not exactly generous put you off though because there is a range of reload bonuses which include the free bet club, money back for 2nd place horse racing offers and the selected football match early pay out Betway offers.
We will cover all these Betway bonuses in more detail later in this review.
- ? The Betway New Customer Offer – Is It as Bad as It Sounds?
There’s no getting away from the fact that this Betway open account offer is on the stingy side, but as the old saying goes, it is better than a poke in the eye with a sharp stick and if you play it correctly it is free money.
Ok, so what are the finer details.
To qualify for the Betway registration bonus, you will need to open an account and make a first deposit of at least £10.
Place a £10 bet on a bet or a series of bets with the following minimum odds.
- A single bet with minimum odds of 1.75 (¾)
- Each-way bet with each selection having minimum odds of 1.40 (2/5)
- An accumulator with each selection having minimum odds of 1.40 (2/5)
To be honest with you, if you are matched betting you don’t really need to look any further than placing a single bet.
Only deposits made with debit card and PayPal count towards this promotion, the free bet is awarded automatically, so you don’t need a Betway bonus code or a Betway promo code. Once the free bet has been awarded, it must be used within seven days.
The Betway free bet terms state that this is a stake not returned (SNR) bet which means that the £10 free bet is not included in any returns should your bet win.
So, if you place the free bet on a selection with odds of 5/1, by the Betway free bet rules, means that you will receive a pay-out of £50 instead of the £60 you have received if you had placed the bet from your cash balance.
- ? What about the Betway Free Bets for Existing Account Holders?
As already mentioned, this is one of those sportsbooks where the Betway deals for existing customers is better than the Betway registration bonus.
With that in mind, let’s take a closer look at exactly what is on offer.
- ? The Free Bet Club
This is an offer which is available every week to existing players.
You will need to opt into this offer and the details can be found in the promotions section of the website.
You will not need to enter a Betway bonus code or a Betway promo code.
The Betway free bet terms require customers to place a £25 accumulator of three or more selections with total odds of at least 2/1 (3.0)
When the bet has been settled, the customer is rewarded with 2 x £5 Betway free bets which are stake not returned (SNR)
- ? First Goal Wins
This is an offer which is based on a football match, chosen by Betway, usually once per week.
There is a maximum qualifying stake of £10. The way that it works is that you place a £10 bet on the team you think will win, if they score first but go on to either draw or lose, your stake will be credited back to your account in cash.
Again, a Betway bonus code or Betway promo code is not required.
Not a bad offer, especially if you were going to place a bet anyway but remember, there is a maximum stake limit of £10, if you place a larger bet, only £10 will count towards this offer.
- ? Horse Racing – Money Back If Second Offer
This type of promotion was made famous by William Hill a few years ago and Betway are now offering something similar.
The way it works is that if you place a win bet on a horse in one of the live televised races, which are screened by ITV, and the selection finished in second place, you will be refunded your stake as a free bet.
The maximum free bet is £10, the minimum odds are ½ (1.5) and it must be a cash bet so you can’t use the free bets to take part in the promotion.
The only other thing to remember is that there must be a minimum of six runners so again, this is not a bad little offer, especially if you use the principles of matched betting in order to make a profit.
The Betway deals for existing customers are constantly changing with more being added all the time, so your best bet is to keep checking the promotions page of the Betway website where all the latest offers are listed.
The Ultimate Tutorial to Opening an Account and Claiming the Betway Joining Offer
Most punters will open an account in order to take advantage of the Betway welcome offer so let’s crack on and go through the exact steps which you need to take.
To begin with, go to the Betway website and click on the green ‘Register’ button at the top of the page and from there go through the simple three step registration process, which requires you to enter your name, address, email address, date of birth and telephone number.
You will see a small opt in box at the bottom of step three which asks you to confirm that you agree with the Betway free bet rules regarding the Betway welcome bonus.
You will be asked to comply with the Betway KYC request (know your customer) which requires you to email them a photograph of your passport/driving licence, a utility bill which is less than three months old and a photograph of the from and back of your bank card if this was the method which was used to make a deposit into your account.
Make sure that you cover up the middle digits of the long card number as well as the three-digit signature code.
There is nothing personal with a KYC request, it has been put in place to protect you as well as the bookie and it is to ensure that you are who you say you are and that you are over eighteen years of age.
Once the registration process is complete, you will have in your possession a username and a password and if you look in the top right-hand corner of the website, you will see where you must enter your login details to get access to your account.
Let’s Get Started with That First Deposit
Now that you have opened your account, the next thing you have to do is register a payment method and make a deposit into your account so that you can claim the Betway joining offer.
Once you have logged into your account, click on the deposit button which can be found in the ‘My Account’ section of the website.
You will be prompted to register a payment method and as the only payment methods which are allowed in order to claim the Betway welcome bonus are debit cards or PayPal, register one of those methods.
One the payment method has been registered, enter the amount you wish to deposit, in this case £10, click on the deposit button and the funds will instantly be available for you to bet with.
Placing the First Bet to Get the Betway Sign up Bonus
We’re nearly there, all you have to do now is choose a selection with minimum odds of 1.4, click on the odds of the selection and a window will open on the right-hand side of the website which will contain your selection.
Enter £10 in the stake box and then click on the ‘Submit’ button and your bet will be on.
When the bet has been settled, look for another bet to place in the same way as when you placed the first bet, this time you will see an option to use your £10 free bet, tick the box and then submit and your free bet will be placed.
Don’t forget that this £10 free bet is stake not returned (SNR) so it would probably be a good idea to choose a selection with higher odds, especially if you are going to use matched betting principles and lay the bet to guarantee a profit.
- ? What about Betting in-Play?
In-play betting is available at Betway and can be accessed by clicking on the ‘In-Play’ button on the left-hand side of the website.
You will be taken to a page which displays the live play events which are taking place when you access the website and across the top of the in-play page you will see a list of the up-and-coming events which are separated by sports.
Please note that when you place an in-play bet, there will be a buffer of ten seconds from when you place the bet to when it actually gets accepted.
This is to protect the punter and the bookie from any sudden price movements because of a goal being scored or anything like that.
There is no live streaming available on the website.
Betting on the Move with Betway
Betway have an excellent app which is available in both iOS and Android formats.
As usual with bookie app, the layout in terms of colour and settings are the same as the regular website and this app, in particular, is extremely easy to navigate.
The same login details are used as with the desktop version of the website, as is the same cashier, so if you deposit funds on the regular website, it will be available to use on the app.
There is also a mobile version of the website which will load automatically when the Betway URL is entered into a mobile browser.
What about the Customer Care, Are They Friendly?
The customer support has improved a great deal over the last year or so, which is good news because they used to be lacking in terms of being helpful.
Not a problem now though as it is now quite a pleasant experience getting help on live chat with the added bonus that this is available 24/7.
The friendly and knowledgeable operators usually have no problems resolving any queries quickly and with the minimum of fuss.
Betway and the Licencing Laws
Nothing to worry about on that score.
Regulated by the UK Gambling Commission (Ref. 39372) and the Malta Gaming Authority, Betway ticks all the boxes that are required in order to provide their customers with a safe and secure environment to bet in.
If you scroll to the bottom of the homepage and click on the help button, you will see that there is a wide range of help topics in place so that you know exactly what you have to do should you encounter any problems whilst being a customer of Betway.
Frequently Asked Questions
It is not uncommon for punters to have a few questions about the Betway bonuses so let’s look at the most commonly asked questions.
Why Did Betway Receive Such Bad Press?
The main reason was because they offered some fantastic new customer bonuses, but when punters tried to take advantage of them, they had their accounts closed and were termed as bonus abusers.
There was quite rightly uproar within the online gambling industry, and it got to the stage where if Betway didn’t change their ways, UK punters wouldn’t touch them with a barge pole, and they would have ended up going out of business.
It looks like they are back on an even keel now, which is good news.
Is the 2nd Place Racing Offer Only on Live Races?
Yes, it is only available on televised ITV races which is probably most weekends along with the main horse racing festivals in the UK.
What Happens If You Make Your First Deposit with Skrill?
You can make your first deposit with Skrill, but you won’t qualify for the Betway new customer offer.
Only deposits made by debit card qualify for the Betway welcome bonus.