Betway Promo Code May 2023: Up to a $250 Bonus Bet
Sports bettors looking for a Betway promo code in Arizona, Colorado, Indiana, Iowa, New Jersey, Ohio, Pennsylvania, and Virginia can take advantage of up to a $250 bonus bet sign-up offer. Click here to register with Betway Sportsbook.
There is no actual Betway bonus code required to secure this offer. You only need to register a new account at Betway Sportsbook and follow the instructions on this page to claim your welcome bonus of a $250 bonus bet.
Editor’s note: The offer(s) outlined here are for eligible U.S. customers only.
Affiliate Disclosure: Sportsbook Review may receive advertising commissions for visits to a sportsbook betting site.
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Top Betway offers
Up to a $250 Bonus Bet
New bettors can register with Betway to claim up to a $250 bonus bet. Simply opt into the promo, make an initial deposit of at least $10, and place your first real-money wager with attached odds of -300 or greater within seven days of sign-up. Should your qualifying bet lose, the sportsbook will issue you a refund, up to $250, as a single non-withdrawable bonus bet.
The bonus bet will arrive in your account within 24 hours of your wager settling as a loss, and you will have seven days to use it.
Terms and conditions apply.
Claim $250Betway promo code and sign-up offer details
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 Sept. 5, 2023.
So long as you make a first deposit of $10 or more and place your initial wager at odds of -300 or longer within seven days of registration, you will receive up to a $250 bonus bet should your wager lose. You'll have the next seven days to use it, or it will expire.
More information about the Betway promo code and welcome offer, including some key terms and conditions, can be found in the table below:
🚨 Betway promo code | No code - Click to claim |
😊 Betway bonus | Up to a $250 bonus bet |
➡️ Betway promo type | First bet reset |
💰 Minimum deposit | $10 |
💵 Minimum wager | $10 |
🇺🇸 Legal states | 8 |
🏦 Wagering requirements | 1x at min. odds -300 or longer |
🏟️ Eligible bet types | All types |
📱 Betway mobile app | iOS & Android |
👓 Last verified | May 2023 |
⏰ Offer expiry | Sept. 5, 2023 |
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Other Betway promotions
Betway has a few other ongoing promotions, which are available for new and existing players. Below are quick descriptions of their current promos. Bookmark this page to be made aware of any new offers the sportsbook may churn out.
Betway Weekly Parlay Club
The Parlay Club allows existing Betway players to receive a $10 bonus bet when they bet $25 or more on a parlay with at least three teams and a minimum payout of +200. This Betway promo restarts every Monday at 12:01 a.m. local time. You can earn it once a week by placing an eligible parlay bet within the one-week timeframe.
Betway NHL Playoffs Overtime Insurance
During the 2023 NHL playoffs, players who bet $20 or more on an NHL moneyline will receive a $20 bonus bet if the team they bet on loses in overtime. If you place multiple wagers on the same game, Betway will only give one $20 bonus bet. This offer expires when the 2023 NHL playoffs are over.
Popular Betway Sportsbook 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:
Spread
This type of bet involves predicting a team's winning or losing margin. Betting on the favorite requires winning by more than the given number, whereas betting on the underdog requires them to lose by less than the spread or win outright.
Moneyline
This is a straightforward bet where you choose which team will win the game. The odds on each side are different based on the expectation of which team will win.
Over/Under (totals)
With this type of bet, you predict the total combined points two teams will score in a game. If you bet on the Over, you expect the total points, runs, or goals to exceed the given number. If you bet on the Under, you expect the opposite.
Props
Prop bets are unique wagers since they are not tied to the game's outcome. Instead, they relate to a player's performance or a specific game outcome. For example, you might bet that a pitcher gets more than 5.5 strikeouts, and if he does, you win the bet regardless of which team won the game.
Parlays
Parlays are becoming increasingly popular, and they involve combining two or more selections (known as legs) into one larger bet. Parlays carry more risk since all legs must win for the bet to be successful.
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 sign-up offer sans a Betway bonus code, all you need to do is follow these steps:
1. Register a new account
Signing up for an account with Betway is the first step you will take in claiming your Betway welcome bonus. You can click here to get to the registration page.
After selecting your state and clicking “Sign Up,” you will be prompted to enter your email address and choose a password for your account.
Betway will guide you through the rest of the process, asking for personal information, including your name, address, phone number, date of birth, and verification documents. Betway is a legal and regulated sportsbook in the United States with security measures in place to protect this information. You must be over the legal age of 21 to create an account.
Once you have filled out the form and completed the registration process, you will be able to make your first deposit at the Betway Sportsbook and secure your Betway promo.
2. Make a deposit
Deposit at least $10 using the payment method of your choice. Remember that with this Betway offer, you will receive a bonus bet credit matching the amount of your first bet up to $250 if that bet loses. If you intend to get the maximum potential value on this promotion, you will want to deposit at least $250.
Betway offers the following deposit methods:
- Visa/MasterCard
- PayPal
- PayNearMe
- VIP Preferred e-check
- Play+
- Sightline
3. Place your first bet
With your account funded, you are officially ready to place your first bet. This initial wager will be eligible for bonus bet credits of up to $250, but only if it loses. The bet must be placed and settled within seven days of opening the account, not be a part of Betway's Boost or Super Boost enhanced odds, and carry odds of -300 or longer. Check out this article for more help understanding how to read odds.
Make sure to wager however much you are comfortable with to maximize the return you get on this play. You can either win a large bet to bolster your sports betting account early or get another shot at it with bonus bet credits matching the lost amount.
4. Receive your bonus bet
If your first bet loses, you will receive one bonus bet credit equal to the lost wager. You must use this credit within seven days, or it will expire. You can pick from most of Betway's betting markets to use your bonus bet credit.
5. Withdraw funds
If you are awarded a bonus bet with your Betway promo after losing your first bet, 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.
How to deposit at Betway Sportsbook
Before you can start betting on sports on your Betway Sportsbook account, you must fund your account with a first deposit. We’ll walk you through that process step-by-step in this section.
1. Log in to your Betway account
First, you’ll need to log in to your account. If you don’t already have one, you’ll be prompted to create one on the Betway Sportsbook website or mobile app.
Once you are signed in, click the “My Account” button. It will show you all of your account's funds, bonus bet credits, and the "Deposit" button.
2. Click “Deposit”
Click on the “Deposit” button to continue. Doing so will bring you to the banking screen, where you can choose the deposit method you want to use.
3. Choose a banking option
All of the deposit methods that are available in your state will be listed on this screen. When you click on one, you will be asked for additional information, such as your PayPal sign-in information or your credit card details.
4. Indicate how much you wish to deposit
Once you have entered this information, choose the amount you want to deposit. Remember, this bonus — no Betway promo code required — offers up to a $250 bonus bet but only requires a minimum wager of $10.
The funds should hit your Betway Sportsbook account immediately after processing the payment.
How to withdraw funds from Betway
Requesting a withdrawal on Betway is a quick and easy process, rivaling that of the best online sportsbook for payouts. The minimum amount you can withdraw is $10. All you have to do to make a withdrawal is access the Cashier page on the Betway website or app and then select the banking method you want to use and the amount you want to withdraw.
Withdrawal methods
Withdrawal methods can vary slightly from state to state, but Betway generally offers free payouts with each of the following methods:
- Visa/MasterCard
- PayPal
- PayNearMe
- eCheck
- Play+
Depending on the withdrawal method selected, you will receive payouts within 1-5 business days.
Betway Sportsbook details
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 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.
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 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: @BetwaySupport
- "Submit a Ticket” form online
- Support language(s): English
Where is Betway Sportsbook legal?
There are currently eight states that Betway is legal in: Arizona, Colorado, Indiana, Iowa, 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 of 2022.
Arizona | March 2022 |
Colorado | June 2021 |
Indiana | June 2021 |
Iowa | October 2021 |
New Jersey | August 2021 |
Ohio | January 2023 |
Pennsylvania | June 2021 |
Virginia | May 2022 |
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:
Banking Options at Betway
Accepted Currencies
- USD
Methods of Deposit






With a single click, you’re taken to a lengthy list of deposit options. PayPal, Visa, and MasterCard are the most popular deposit types on the site, but there are a host of others, including PayNearMe, eCheck and Play+.
Players must deposit a minimum of $10, with a maximum of $1,000.
Methods of Withdrawal






The withdrawal process is nearly as simple, with most methods taking between 1-5 days to process. Players can withdraw as little as $10. There is no maximum withdrawal amount, though larger requests might take longer to go through.
Sportsbooks by Reviews
Want more betting options? Check out the following reviews of best sportsbooks and betting sites:
FanDuel review | PointsBet review | Betway review |
DraftKings review | bet365 review | WynnBET review |
Caesars review | Barstool Sportsbook review | SuperBook review |
BetMGM review |
Sportsbooks by Promos and Bonuses
Want to get in on the action? Check out our best sportsbook promos:
Betway promo code FAQs
Can I trust Betway when it comes to promos?
Yes. Betway operates legally in all eight states listed on this page and is licensed and regulated in each state. Betway is a reputable sportsbook that will honor the promotions it offers.
Do I need to deposit to get my Betway promo?
Yes. A minimum deposit of $10 is required to use this Betway welcome bonus code offer. The amount awarded if your first bet loses matches the amount you wager, so you will need to deposit at least $250 and wager $250 on your first bet, with odds of -300 or longer, if you want to maximize the value of this promotion.
What if I lose my initial bet at Betway?
If you lose your first bet with Betway after activating this $250 bet reset promo, you will be reimbursed with a bonus bet in the same amount as your first wager, up to $250.
You can use this bonus bet on any event as long as it's within seven days of receiving it. You will not receive the bonus bet credit if you win your initial bet.
If I win with the bonus bet, can I withdraw the winnings from Betway immediately?
Yes. There is no rollover requirement to withdraw funds after you have placed your bonus bet. If your bonus bet wins, your account will be credited with the winnings from that bet, not including the bonus bet amount itself.
In what states can I legally bet at Betway Sportsbook?
Betway Sportsbook operates legally in eight states in the USA: Arizona, Colorado, Indiana, Iowa, New Jersey, Ohio, Pennsylvania, and Virginia. The sportsbook is legal and licensed in all eight of these states.
I’m already registered at Betway, can I still use the promo code?
No, the $250 first bet reset Betway bonus code offer is only available to new customers. With that said, Betway does have other promotions available to current customers, including its weekly Parlay Club and NHL Playoffs Overtime Insurance.
Betway Overview
Pros
- Massive selection of markets.
- Easy-to-use interface.
- Wide variety of banking options.
Cons
- Drab design.
- Quick auto-sign-outs.
- No online poker offering.
Quick links On this page
- Betway promo code and sign-up offer details
- Popular Betway Sportsbook bet types
- How to claim the Betway promo code
- How to deposit at Betway Sportsbook
- How to withdraw funds from Betway
- Betway Sportsbook details
- Betway customer support
- Where is Betway Sportsbook legal?
- Additional sportsbook promo codes
- Banking Options at Betway
- Betway promo code FAQs