Betway Sportsbook

Overview

When Betway Sportsbook first entered the US sports betting market in 2021, far from being the new kid on the block, it brought to the table the benefit of many years of experience as a highly respected digital gaming corporation overseas. The company was founded in 2006 and quickly became a major force in regulated international online sports betting and casino games.

Betway’s headquarters are in Malta with additional offices in Guernsey, London, and Madrid. The company currently holds licenses in regulated markets not only in many foreign countries such as Malta, the UK, Italy, Spain, Belgium, Germany, and Sweden but also in nine US states with more on the way.

Features at a Glance

• Welcome Bonus for new bettors
• Live Betting
• Odds Boosts on select games
• Same Game Parlays
• Live Betting
• Early Cashout
• Betway Casino in New Jersey and Pennsylvania

Legal States: Arizona, Colorado, Indiana, Iowa, Louisiana, New Jersey, Ohio, Pennsylvania, and Virginia.

Bonus: CO, IN, IA, LA, NJ: Bonus bet of up to $250 if the first bet of $10 or more loses; AZ, OH, PA, VA: Bonus bet of up to $200 if the first bet of $50 or more wins

Mobile App: iOS and Android

Casino: New Jersey and Pennsylvania

Crypto: No

Founded: 2006

Bonuses & Promotions

The US sports betting industry is very competitive, so bonuses and promotions are one tactic that all of the major sportsbooks use, not only to get new customers in the door but to encourage them to keep using their site often. Betway Sportsbook is no exception.

Betway Welcome Bonus

Betway Sportsbook, like almost any top online sportsbook in the US, offers all new customers a welcome bonus, also called a sign-up bonus. While the specific offers vary from one betting site to another, the rationale is to offer newcomers something extra in the hope they will sign up with their site and become regular customers.

The Betway sign-up bonus varies by state. No Betway Sportsbook promo code is necessary, but you must opt into the promotion to participate.

The following offer is open to first-time users in Colorado, Indiana, Iowa, Louisiana, and New Jersey.

• Within 7 days of opening your account, make an initial deposit of $10 or more and a qualifying bet of $10 or more. If this first wager loses, get the full amount back up to $250 as a bonus bet.

You then have up to 7 days to use the bonus bet, and if that bet wins, you will receive only the winnings from the bet, not the bonus money used to make the bet.

The good thing about this bonus is that if you lose the first bet, you get a second chance to try to recoup. However, if you win the first bet, the sportsbook has nothing extra for you. Also, the maximum bonus you can get with this offer is only $250, whereas some online sportsbooks offer bonus bets of up to $1,000 or more if the first bet loses. However, unless you are a high roller, the lower cap on the Betway bonus bet is advantageous because it lessens the temptation to overbet.

Betway Sportsbook Welcome Bonus: Arizona, Ohio, Pennsylvania, and Virginia

• Instead of the above welcome bonus, new customers in these four states who make an initial deposit and wager of $50 or more and win receive 100% of their wager up to $200 in bonus bets.

This offer is great for the winners, but those who lose their first bet get nothing. All new players should get a welcome bonus when they make their first bet, win or lose.

Uber Eats

This is an alternative welcome offer that some Betway customers might prefer instead because even though the bonus is very small, it is guaranteed.

• Within 7 days of opening your account, make a first deposit and bet of $25 or more and get an Uber Eats voucher in the same amount, up to $50.

Sports-Specific Offers

These are special offers that are sports or event-specific. For example, Betway has an ongoing promotion offering bonus bets on winning anytime touchdown bets.

Since these types of offers are seasonal and therefore subject to change, we recommend checking the sportsbook’s promotion page often, especially before big events like the World Series and Super Bowl.

Also, check out the Betway Parlay Club. This is a recurring weekly offer. Simply place a 3+ leg parlay bet of $25 or more and, win or lose, at the end of the week, get a $10 bonus bet. As with all bonus bets, if the bet wins, you only receive the winnings from the bonus bet, not the bonus money used to make the bet.

Loyalty Rewards & VIP Program

Other than a VIP program for qualifying high-end players, Betway Sportsbook, unfortunately, does not have a loyalty rewards program at this time.

Interested players who think they might qualify should send an email to VIP Support mentioning the sports and teams they like to bet on and any other sportsbooks where they are a VIP player. The Betway VIP program offers exclusive benefits and rewards, but it is by invitation only, and minimum wagering requirements apply.

Features

We mentioned that the sports betting industry is an extremely competitive business, so it is important for sportsbooks to at least keep up with and, preferably, stay ahead of the competition in what they have to offer their customers. A great way to achieve that goal is by offering special features that give players more ways to win and therefore increase the sportsbook’s bottom line. Betway has always been an innovative sports betting site in that respect, taking advantage of modern online and mobile technology to ensure that their bettors never get bored and keep coming back for more.

Live Betting

At one time, sports bettors who failed to place their bet before the game started were out of luck. But at Betway, it is no problemo at all thanks to the Live Betting option. Live Betting (also called in-play betting) allows bettors to have action on a game that is already in progress. Because the betting odds are continually adjusted based on the action so far, those who are so inclined can continue betting at adjusted numbers throughout most of the game.

Live betting also lets those who already have a pregame bet try to improve their outcome. If your pregame bet looks like a winner, you can bet more to try to increase your winnings. Conversely, if you do not like the way your pregame bet is going, you can bet the opposite way to cut your losses. The only downside is that you will almost certainly be betting into less favorable odds than those that were available before the game started. Also, you have to act very fast because the odds can keep changing in a heartbeat – after every play.

All of the major US sportsbooks now offer live betting. However, this is an area where Betway excels—first, in offering this feature across a wider range of betting markets than many competitors and second, in making it very accessible and user-friendly.

Simply click on Live Betting in the upper-left-hand corner of the sportsbook homepage and then on the sport with games currently underway. For any given matchup, you will then see the current score and live betting odds.

Cash Out

It is great when the team you bet on has such a commanding lead that the outcome is never in doubt, but frequently, that is not the case. Lead changes are common, and even teams that appear to have a comfortable lead early on provide no guarantees, as the other team can come back from behind and win. Other games are nailbiters whose outcome is anyone’s guess until the final seconds.

Rather than wait for two or three hours or longer for the final score to know if you can cash your bet, the Betway Cash Out feature allows you to settle your bet early. It also guarantees that regardless of the outcome, you will never lose your entire bet. You will always be paid something.

If your team is ahead at the time you want to cash out, you can lock in your win and not worry about what happens during the rest of the game. However, the payout will be less than what you would get if you wait until the end of the game and win. If your team is behind, you can also cash out early to salvage part of your bet.

The Betway Cash Out feature is available for a very wide range of sports and bet types. It can be used on moneyline, point spread, over/under, and parlay bets, and even on in-play bets. Betway also gives you the option to request either a full cash out or a partial cash out on just a portion of your bet.

If you are considering cashing out a particular bet, open your bet slip and look under “My Bets.” Next to each unsettled bet where the Cash Out option is available, you will see a green Cash Out button and the current price. Then, if you wish to proceed, click on the bet you wish to settle early. Then click on the Cash Out tab, specify whether you want a full or partial cash out, and submit your request.

Edit Bet

Some online sportsbooks allow customers to cancel or edit a bet, but Betway is not one of them. Once the bet is submitted, that’s it, and there is no going back. So, to minimize mistakes, research your picks beforehand and make your selections carefully.

Later, if you think you might have made a mistake, Live Betting and Early Cash Out are two options that could work in your favor.

Live Streaming

Live streaming and live betting go hand in hand since there is no better way to spot solid live betting opportunities than to be closely following every play of the game. Betway offers an overview map of live games, so you can keep track of the important action from start to finish.  However, it is not as helpful as live streaming, which provides more in-depth play-by-play coverage.

Same Game Parlays (SGPs)

Like other parlays, same game parlays combine two or more outcomes in a single wager. However, in same game parlays, all of the outcomes are for the same game. For example, a same game parlay for an NBA game might include a moneyline, a total, and one or more team props or player props.

The payouts on winning same game parlays are always more than if you bet on each outcome separately. They are extremely popular with bettors because of the potential for a very large payout on a relatively small wager.

The more legs you add to the parlay, the bigger the payout, but the harder it is for the parlay to win. Every leg of the parlay must win or the whole parlay goes down.

Betway lets you build your own SGPs and accepts them on all major basketball and soccer games but not on other sports. Also, the maximum number of legs you can include in a single game parlay is six. While this is a lot less than what some sportsbooks allow, a six-leg parlay is still hard to win.

Banking & Payouts

The range of deposit and withdrawal options at Betway Sportsbook falls a little short of what is available at some sportsbooks. For example, if you want to use an American Express or Discover card or Apple Pay to fund your Betway account, you are out of luck.

However, as shown below, Betway accepts the most commonly used banking methods at US sportsbooks. Moreover, the minimum deposit and withdrawal for all methods is only $10, and Betway never charges a fee.

Deposit Options

Withdrawal Options

Betway never charges a fee for withdrawals either. However, customers who choose to make a cash withdrawal from an ATM will be charged.

Except for PayNearMe and credit and debit cards, any of the above-listed deposit methods can also be used for withdrawals. However, there is one important difference. Whereas deposits get credited to your Betway sports betting account instantly, withdrawals typically take a few business days to process. PayPal and the Betway Play+ Card withdrawals tend to be processed the fastest. However, the processing time required for any given method can vary anywhere within the indicated range.

This probably explains why the information on withdrawal processing times on the Betway website and Betway app is vague rather than specific. In addition, based on recurring customer complaints of “slow withdrawals,” our experts concur that banking at Betway needs improvement.

Sportsbook Odds

Whether you wish to confine your betting to the major sports or also dabble outside the box and wager on other sports like snooker and table tennis, Betway is a sportsbook you can always count on to give you plenty of betting options at competitive odds.

Betway does not offer daily odds boosts or profit boosts like some online sportsbooks, but periodically, users can take advantage of exclusive“Betway Boosts” consisting of enhanced odds on select bets.

Security

Betway has not existed as a betting option for US players for as long as some of its more well-known competitors like FanDuel and DraftKings. But when it made its first appearance in the US in 2021, it already had 15 years of experience as one of the top online sportsbooks in the European betting market. Its long tenure as a highly successful operator overseas is in itself a strong indication that Betway is a company that can be trusted. But before Betway could receive a license to open anywhere in the United States, it had to undergo extensive additional scrutiny.

Betway Sportsbook only operates in states that have passed legislation allowing online sports betting. But first, in each such state, before it could open to the public, Betway had to apply for a separate license and be thoroughly investigated by the agency that oversees regulated gambling in that state. However, the responsibility of the regulatory and licensing agency does not end with the granting of the license. It continues to monitor the sportsbook closely to ensure full compliance with state regulations and policies.

In addition, all state-licensed online sports betting sites must be affiliated with a currently operating land-based casino in the same state. For example, Betway Sportsbook in New Jersey is affiliated with the Golden Nugget Casino in Atlantic City.  No existing casino would risk its reputation by affiliating with an online operator that it did not fully trust.

All state-licensed online sportsbooks and casinos, including Betway, are required to offer a safe and secure online and mobile playing environment. Betway takes this responsibility very seriously, using the latest advanced encryption technology to ensure that every player’s personal information and account activity are fully protected at all times.

In addition, as part of the initial registration process for opening an account, every player’s identity, date of birth, and address is subject to verification, and in certain states, two-factor authentication is also required as an extra measure of security.

Customer Support

Betway encourages customers to make use of the site’s comprehensive FAQ section to find the answers to most of their questions and concerns. Your other options are live chat and email. There is no customer phone support.

Mobile App

If you would like to access Betway Sportsbook on your mobile phone or tablet rather than online, Betway gives you that option. Betway offers mobile betting for iOS and Android, so as long as you have a current version of either one, you can download the Betway betting app onto your device. Betway mobile customers can perform all of the same functions on mobile devices that are available online such as signing up for an account, making deposits and withdrawals, accessing bonuses and promotions, and checking lines and placing bets. They can also take advantage of special features like Live Betting and Betway Cashout.

Both the iOS and Android apps have received highly favorable user reviews. The iOS app has an average user rating of 4.7 out of a possible 5, and the Android app has an average user rating of 4.3 out of a possible 5.

Sports You Can Bet On

If the opportunity to bet on a wide variety of sports appeals to you, Betway belongs at the top of your list of sites to consider. The sheer number of diverse betting markets on which betting odds are posted is an area where Betway excels way over many other sportsbooks. Take a look at the following list of different national and international sports you can bet on at Betway. How can you not be impressed?

• Aussie Rules
• Baseball
• Basketball
• Boxing
• Cricket
• Cycling
• Darts
• E-Sports
• Football
• Golf
• Handball
• Hockey
• Horse Racing
• LaCrosse
• MMA
• Motor Racing
• Rugby League
• Rugby Union
• Snooker
• Soccer
• Tennis
• Table Tennis
• Volleyball

Two sports in which Betway is particularly strong are basketball and soccer. Besides NBA, NCAA basketball, and MLS games, you can bet on basketball and soccer games in leagues from all over the world. The betting options for international soccer games not only include the top leagues that get the heaviest betting action like England’s Premier League and Spain’s La Liga but many other lesser-known leagues from around the world.

User Interface and Design

The Betway Sportsbook website and mobile app will not win any awards for creative artistic design. But if the people in charge felt that attracting a large customer base was contingent on creating an eye-popping site, they would not have chosen a predominantly black and gray background color scheme. Instead, the main focus is on the content and providing the one thing sports bettors want most – the ability to locate quickly the games that interest them, check the odds, and place their wagers.

Betway offers the flexibility of three quick and easy ways to access the site:

• Online
• The web browser of your iOS or Android mobile device
• Downloading the Betway sports betting app for iOS or Android from the App Store or Google Play, respectively

Whichever way you choose, even newcomers to sports betting should find Betway Sportsbook easy to navigate. When you open the homepage, the complete list of available sports on the left side of the page, starting with the most popular, can help you find the specific sport that interests you in seconds.

In the center of the page, you will see the latest betting lines for each game in the sport you click on, including not only lines on upcoming games but also scores and live betting odds for games in progress.

Other tabs you can click on at the top of the page include Live Betting, Today’s Events, Results, and Promotions and Features. The Bet Slip is prominently displayed on the right side of the screen.

Unfortunately, you have to scroll way down to the bottom of the screen to access the “Contact Us” tab. This will open up the Betway Sportsbook FAQ page where you will find important information on registration requirements, banking options, how to bet, and responsible gaming that every player needs to know.

Betway Banking Options

Making deposits and withdrawals at Betway is straightforward. The Betway sportsbook offers the following payment methods:

• Credit and debit card
• PayPal
• ACH bank transfer
• PayNearMe
• Google Pay

Withdrawals at Betway are similar to deposit options. The withdrawal is processed using the same method as you chose for your deposit (except for PayNearMe). The standard payout time is 72 hours, but can increase over the weekend. If you are looking for a betting site accepting Google Pay, then you are in luck as Betway does accept G Pay as a deposit method

Where is Betway Sportsbook Legal?

The following table shows the 9 states where Betway Sportsbook is currently legal along with the launch date.

The welcome bonus varies by state as follows:

• CO, IN, IA, LA, NJ: Bonus bets of 100% up to $250 if the first bet of $10 or more loses
• AZ, OH, PA, VA: Bonus bets of 100% up to $200 if the first bet of $50 or more wins.

Account Signup and Registration Process

If you are not yet signed up with Betway Sportsbook and would like to join, here are the steps to follow:

• Open the site on your desktop or mobile device and click on “Sign Up” in the upper-right-hand corner of the homepage. Or simply use our convenient link in this review to take you directly to the proper place.
• Complete the registration form with the requested information. You will need to create a username and password and provide your full name, date of birth, phone number, email address, complete mailing address, and the last four digits of your Social Security Number.
• Complete the two-factor authentication process if required.
• As soon as Betway verifies your identity and eligibility and assigns you an account, click on Deposit. Then deposit $10 or more ($50 or more in Arizona, Ohio, Pennsylvania, or Virginia), and claim your welcome bonus.

Final Verdict

Betway Sportsbook is currently available in only 9 states but plans to open in other states soon. Its exceptionally robust variety of betting markets and bet types with competitive odds for both pregame and in-play betting make it an excellent choice for experienced sports bettors. The site is also surprisingly easy to navigate and therefore a good choice for beginners, too.

There is still room for improvement. More banking options, faster withdrawals, welcome bonuses for all players, and a competitive loyalty rewards program would help to make Betway Sportsbook even better.