Betway Promo Code: Up To $250 First Bet Reset in Dec. 2024

Betway promo code and sign-up offer details

Editor's Note: (July 12, 2024) Betway plans to exit the U.S. sports betting market in 2024 and is no longer accepting new sportsbook users. The Betway online casino remains open in NJ and PA, and the Betway Sportsbook is still operational in Canada.

With no Betway promo code necessary to activate this offer, it's an excellent time for new players to try out one of the best sportsbooks. We are constantly watching for the best sportsbook promos, and this Betway sign-up offer is easy to claim until it expires on September 19, 2024.

You must make a first deposit of $10 or more and then a bet with odds of -300 or longer within seven days of registration. If your bet loses, you will receive up to $250 in bonus bets as compensation, matching your lost stake amount. You'll have the next seven days to use your bonus bet, or it will expire.

Although Betway is legal and licensed in nine states, this offer is only valid in AZ, NJ, and PA.

More information about the Betway promo code and welcome offer, including some key terms and conditions, can be found in the table below:

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Betway promo code: How to qualify

Earning this welcome bonus is simple. You won't even need a Betway promo code to unlock it since it's applied automatically to all qualifying users. However, there are still a few important key terms and conditions you should know about before you get started. 

Here's what you need to know to claim the $250 First Bet Reset:

• Register a new account with Betway. Get started by clicking here.
• Bonus is only valid in Arizona, New Jersey, and Pennsylvania.
• Make a minimum first deposit of at least $10.
• Your initial wager must have odds of -300 or longer.
• Your qualifying bet must be made (and settle) within one week of opening your account.
• Your qualifying bet must be made with real money, not bonus bets or other promotional funds.
• Your qualifying bet cannot be placed on enhanced odds, like Super Boosts or Betway Boosts.
• If your bet wins, you receive no bonus bets.
• If your bet loses, you'll be reimbursed via bonus bets, up to $250.
• Bonus bets cannot be withdrawn as cash and expire in seven days.
• Bonus bet stake amounts are not included in winnings.

How to claim the Betway promo code

For sports fans that are new to sports betting, the process of securing a Betway welcome bonus can be an intimidating one. Fortunately, the process is relatively easy when you know what to do, and we have mapped out that process in detail here.

To claim your $250 First Bet Reset sign-up offer sans a Betway bonus code, all you need to do is follow these steps:

1. Register

Signing up for an account with Betway is the first step in claiming your welcome bonus. Click here to go to the registration page. Make sure you're 21 or older and in a state where Betway is legal and licensed to operate and offer this bonus. 

2. Deposit

Since this bonus requires a real money wager, you are required to make a cash deposit into your Betway account to collect it. The minimum deposit amount is $10, but the maximum bonus amount would require a losing bet of $250. Keep that in mind when making your initial deposit, but always play within your budget and comfort level. 

3. Make a first bet

The $250 in bonus bets only pay out after your first bet loses. So browse the available betting markets and make your pick. It must have odds of -300 or longer, meaning you can bet on a favorite, just not an overwhelming favorite.

4. Claim the bonus

If your bet wins, congratulations! You'll get the proceeds from that bet, which you can cash out instantly. However, you won't get any extra bonus bets. You only collect those if your first bet loses. 

5. Withdraw

If you are awarded a bonus bet with your Betway promo, you cannot withdraw these credits as cash, and you must place another bet with them to take advantage. 

If that bet wins, Betway will credit your account with your funds immediately, minus the value of the bonus bet credit. Those funds can be withdrawn as real cash right away.

Betway bonus comparison

Other Betway promotions

Betway offers a decent welcome bonus to new users, but the promotions don't end there. Existing users can take advantage of a number of frequent and ongoing bonuses, helping you scratch out some extra profit from winning bets.

Betway promo code for existing users

The Betway sign-up offer for up to $250 First Bet Reset doesn't require any promo code but is only available for new users and can only be claimed once. However, that doesn't mean the party is over when it comes to bonuses.

Betway offers a steady stream of ongoing promotions for existing users too. Betway is an official betting partner of the NHL and the NBA, meaning they have special playoff odds boosts for pre-built same-game parlays. 

Betway is missing a couple of things when it comes to promos for existing users. For example, I'd really like to see them add a VIP or Loyalty Rewards program and a referral bonus. 

Betway Casino promo

Betway also runs a real money online casino, but it's currently only operating in two states right now — Pennsylvania and New Jersey. Bettors in NJ can score a 50% deposit match up to $1,000 welcome offer, while PA players can collect a 100% deposit match up to the same $1,000 maximum. 

100% Deposit Match up to $1,000

Terms and conditions apply.

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Here are the important details you need to know about the Betway Casino bonus code and how to use it:

• You won't need a Betway Casino promo code to activate this offer.
• Only your initial deposit will be 50% matched (or 100% in PA), up to $1,000.
• You must deposit at least $10 to qualify for this promo.
• The bonus funds come with a 30x playthrough requirement, meaning you unlock it slowly while playing real money casino games.
• Any portion of unearned bonus funds will expire after 30 days.

Betway Casino is quickly becoming a premier online casino, offering hundreds of online slots, table games, and live dealer experiences. 

Betway Sportsbook review

If you're choosing a betting site for the first time, Betway Sportsbook is a great choice. It has an excellent reputation and is frequently lauded for its user-friendly app and reliable customer support.

Betway Sportsbook has a great welcome bonus for new customers, which you can obtain without a Betway promo code. We think you'll continue to enjoy using Betway long after you take advantage of their welcome offer. You'll find competitive odds, secure financial transactions, and a wide array of betting options.

Check out our in-depth Betway review for a more detailed breakdown of everything this sportsbook has to offer.

Betway mobile app

Betway has many great features, including live betting, same-game parlays, early cash-out, ongoing promotions, and live streaming of certain sporting events. The mobile app is one of the best betting apps that we've come across, with a user-friendly interface and full functionality.   

While you can access Betway Sportbook on its desktop website, it truly shines when you use the dedicated iOS and Android mobile apps. Users agree, giving it excellent ratings in the respective App Stores. Its smartly-designed layout and intuitive navigation make finding your preferred betting markets a breeze.

Betway key features

Betway may not pour in the marketing dollars like Fanduel or DraftKings, can it certainly compete with the best of the best when it comes to online sports betting. Here are some of its most important features:

🔥 Live streaming and betting - Live betting is becoming more and more popular. Betway has great live-betting options, with constantly updating odds. You can even live stream some matches. The only downside is that you may need to have a qualifying bet placed on a game in order to get the free live stream.

🔥 Early cash out - Not every sportsbook offers early cash out, even as more and more customers demand it. Early cash out allows you to cash out a winning bet for less than the full payout, before the game is over.

For example, if the MLB team you bet on is winning after six innings, Betway may offer an early cash-out for 80% of your potential winnings. You can let it ride or take the guaranteed win and not stress about a late-game collapse. 

🔥 Market variety and competitive odds - Betway has been an active sportsbook in Europe for almost two decades now, so they bring a ton of that experience to their U.S. launches. You'll find more than 20 different sports to bet on, including special one-off events like the FIFA World Cup or the Olympics. 

While you should always shop around for the best odds, you'll rarely find Betway lagging behind when it comes to the best prices for your picks.

Betway pros and cons

Betway has a ton on offer for the average sports bettor, but it's not perfect. Here are some quick pros and cons about using Betway Sportsbook:

Pros

✅ Mobile app - The Betway mobile app runs great on both iOS and Android devices, giving all users a seamless betting experience. 

✅ Casino integration - If you live in a state where Betway also operates their online casino, you can quickly flip from the sportsbook to the casino, and vice versa, using the same login credentials and account balance.

✅ Same-game parlays - If you're loving the recent trend of making elaborate same-game parlay wagers, Betway has you covered. They offer a vast market of SGP options and building them is easy and straightforward. 

Cons

❌ Withdrawal limits - You can only cash-out a maximum of $4,000 per week from your Betway account. This may not impact the majority of players, but it's a bummer if you hit that massive 10-leg parlay and can't cash it all out.

❌ Limited phone support - Even though Betway offers plenty of customer service options, their phone lines aren't open 24/7. It can be frustrating to try and deal with pressing issues over email or waiting until regular business hours. 

Popular Betway bet types

Betway provides a wide range of betting options for your first bet across various markets. Below are some of the most popular choices:

• Spreads
• Moneylines
• Over/Unders
• Props
• Parlays

NFL bettors especially prefer props and parlays. If you plan to wager mostly on football, you'll want to read our guides on the best prop betting sites and parlay betting sites.  

Betway customer support

Betway has some excellent resources in its support section that walks players through many frequently asked questions, including responsible gaming options, account details, how to bet on sports, deposits, withdrawals, and security.

If Betway doesn't address your concern in their FAQ section, you can get in touch with the support team in several ways.

• 📱 Live chat: Available 24/7 on the Betway website and app
• 📧 Email: support@betway.com
• 🐤 Twitter.com: @BetwaySupport
• 💻 "Submit a Ticket” form online
• 👩‍💼 Support language(s): English

Why choose Betway?

There are plenty of good reasons to choose Betway, including their strong pricing, generous welcome bonus, and easy-to-use mobile app. Even if you find yourself preferring the industry kingpins like FanDuel or DraftKings, keeping a Betway account is still great for comparing odds and maximizing your bonus funds.

The Betway Plus loyalty program is also a strong selling point. As you play, you'll earn Plus Points that unlock bonuses, additional bet credits, and extra perks.

⭐Our Overall Betway Rating: 4.5/5.0

Betway banking methods

Before you can start betting on sports on your Betway Sportsbook account, you must fund your account with a first deposit. Requesting a withdrawal is also a quick and easy process, rivaling that of the best online sportsbook for payouts.

The minimum amount you can withdraw is $10. Just head to the 'Cashier' section to perform your desired transactions. Here's a quick look at the available banking methods:

Where is Betway Sportsbook legal?

Betway is currently legal in nine states: Arizona, Colorado, Indiana, Iowa, Louisiana, New Jersey, Ohio, Pennsylvania, and Virginia. Betway plans to expand into Kansas, Missouri, Maine, and Mississippi in the future. The sportsbook also launched in Canada in August 2022.

Betway promo offers by state

Recent Betway news

Additional sportsbook promo codes

While a Betway promo code isn't needed to redeem the online sportsbook's bonus, the same isn't always true for other legal sports betting sites. We've looked into DraftKings, FanDuel, BetMGM, and more to give you all the information you require on each site's sports betting platform and promo code offerings:

• bet365 bonus code
• Betfred promo code
• BetMGM bonus code
• BetRivers bonus code
• Borgata promo code
• Caesars Sportsbook promo code
• DraftKings promo code
• ESPN Bet promo code
• Fanatics Sportsbook promo code
• Fanduel promo code
• Golden Nugget promo code
• Hard Rock Bet promo code