Betway Promo Code

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.

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.

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.

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:

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

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

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.

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.

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.

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.