Betway Risk-Free Bet – Promo Code for December 2022

Author:

Mike F

Updated:

Nov 30, 2022

Huge casino fan who loves the occasional sports wager. You can usually find me at the blackjack table or playing slots.

gamble-usa-icon

Why you can trust Gamble USA

Gamble USA strives to improve your online gambling experience. We aim to help you play safely, make informed decisions when gambling, and increase your betting knowledge through our guides.

We adhere to strict editorial integrity; our content may contain links to products from our licensed & legal US partners.

After becoming hugely popular in Europe, Betway is on its way to making a mark as a renowned sportsbook in the US. Debuting in Colorado, the company is now proactively expanding to other states where sports betting is legal. And to entice new bettors, Betway is offering a risk-free bet of up to $250.

This bonus is the first of many at this sportsbook. Betway is known for offering some of the most competitive and captivating offers all year round. It’s the least we expect from a leading iGaming brand, and Betway doesn’t disappoint.

The risk-free bet is available in all states where the operator is live, namely AZ, CO, IN, IA, NJ, PA, and VA. In case those are out of your jurisdiction, don’t worry. The operator is steadily sweeping through the US sports betting markets, so this Betway guide will come in handy when the sportsbook launches in your state. Read on to discover what this Betway welcome offer entails and the Betway sports promo code necessary to activate it.

245 ratings
Review
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply
  • Live In-Game Betting
  • Odds Boost
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply

Overview of Betway Sportsbook $250 Risk-Free Bet Offer

Betway Promo Codes
🎁 Promo codeClick here to claim!
πŸ’΅ Free Bet OfferUp to $250 risk-free bet
πŸ’° Minimum Deposit$10
πŸ‡ΊπŸ‡Έ Valid StatesAZ, CO, IN, IA, NJ, PA, VA
🏈 Applicable Sports MarketsMLB, NFL, NBA, NHL, Soccer, Golf, MMA, Tennis, Darts, Tennis, Cricket, Boxing, Motor Racing, Volleyball, Cycling, Aussie Rules, eSports, and others.
βœ… Last VerifiedDecember 2022

The Betway sportsbook bonus is straightforward. You only have to create a Betway account via the site or the Betway mobile app – more on that later. Several bonuses have a Betway promo code, but you won’t have to worry about that with this offer. Simply opt-in when the bonus is presented to you. All new players are eligible after making a qualifying deposit of $10.

Betway Risk-Free Bet

You then need to place a sports bet on minimum odds of -300. If your bet wins, that’s awesome! You can keep your winnings or use the money to further your betting stint. If your bet loses, even better. The bonus kicks in, and your account will be credited with the risk-free bet.

The free bet funds offered by the bookmaker will be equal to the amount of your qualifying bet. So if you bet the minimum $10, you receive $10. If you were to bet the maximum $250, you’d get the same amount in bonus funds. You can bet up to $1,000 if you wish, but you’d still get the max $250 risk-free bet.

You’ll receive the bonus within 24 hours after the qualifying wager is settled. So betting on a nearby event will allow you ample time to complete the bonus terms and conditions.

Betway Sportsbook Risk-Free Bet Terms and Conditions

We’d love a bonus with no strings attached, but that’s not how online gambling incentives work, so we’ll settle for those with flexible terms and conditions like Betway. Here are some rules for claiming the risk-free bet:

  • Only new account holders are eligible.
  • You only get the risk-free bet if your qualifying first bet loses.
  • The bonus is valid for 7 days, after which it will expire.
  • The risk-free bet will be voided if you cash out fully or partially on the qualifying wager.
  • This Betway sports offer has a 1x wagering requirement.
  • You can use your free bet in a single or parlay bet with one or more future wagers.
  • You can only withdraw the winnings, not the free bet funds. For instance, if you won $375 with a $250 risk-free bet, you’ll receive only $175 in winnings.

How to Claim the Betway Risk-Free Bet Bonus

With sports betting, you win some, and you lose some. So you should wager based on your risk appetite and within responsible gambling limits. However, risks are a topic for another time when you take advantage of the Betway risk-free first bet. It’s right there in the name.

Your first bet at the site carries no risk whatsoever, and it begins with a simple registration process at us.betway.com.

Claiming Betway free bets

Step 1: If registering with the Betway website, click on the ‘Sign up’ tab in the upper right corner of the home screen. Alternatively, you can use the Betway app on your phone.

245 ratings
Review
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply
  • Live In-Game Betting
  • Odds Boost
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply

Step 2: Enter your email and a secure password on the first registration page. The following one is where you’ll need to enter your personal and contact details.

Step 3: Cross-check your information, accept the casino’s terms, and submit.

Step 4: Make your first deposit, place a qualifying stake and claim the bonus if your bet loses.

Betway sign up and promo code

Betway Bonus Code

You’ll usually have to redeem Betway bonus codes during registration. Where available, the Betway bonus code will allow you to activate the offer, much like a qualifying deposit. There are different bonus codes across the sportsbook and Betway casino offers. So, it’s important to apply the correct one.

However, there’s no Betway sportsbook promo code for the risk-free bet. The bookmaker has streamlined the requirements for this offer, making it easier to claim. If you’d like an offer with a promo code, we suggest you try the $1,000 risk-free bet using the BetMGM bonus code GAMBLEUSA.

Where is the Betway Sports Risk-Free Bet Valid?

Betway sports is now available in multiple states. If you’re in Colorado, Arizona, Indiana, Iowa, New Jersey, Pennsylvania, or Virginia, you should be able to bet legally on your favorite sports either through the Betway site or the Betway sports betting app.

Betway Colorado Risk-Free Bet

Colorado is the state with the most online sportsbooks in the country. It’s only fitting that Betway broke into the United States by launching their sports betting app in the Centennial State back in April 2021. Betway CO operates as the official online partner for the famous Bonanza Casino. There’s tough competition in the Colorado sports betting market with more than 20 operators live, but the $250 risk-free bet bonus is one of the best on offer.

Betway Arizona Risk-Free Bet

Betway sportsbook launched in Arizona on March 9, 2022, partnering up with the San Juan Southern Paiute Tribe. Thanks to the liberal Arizona betting regulations and laws, Betway has thrived. If you’re within the state when registering, you can claim your own $250 risk-free first bet. Once again, no Betway promo codes are required.

Betway Indiana Risk-Free Bet

Betway partnered with the Belterra Casino Resort to bring sports betting to customers in Indiana. Betway Indiana launched in May 2021 with a full-service sportsbook, providing bettors with excellent odds for futures bets on the NFL and NBA, among other sports and betting options. Currently, the $250 risk-free bet is available for new customers registering within the state. You can claim it without an Indiana sportsbook promo code Betway.

Betway Pennsylvania Risk-Free Bet

Betway Pennsylvania kicked off operations in June 2021 by partnering up with Live! Casino Hotel Philadelphia. PA bettors are free to sign up and claim their own risk-free bets up to $250. Pennsylvania gambling law also permits online casinos, so players within the state can enjoy popular slots and online casino games with the Pennsylvania Betway Casino. A $1,000 deposit bonus is up for grabs when using the PA casino app.

Betway Iowa Risk-Free Bet

In partnership with the Diamond Jo Casino, Betway became the 15th online sportsbook in Iowa in October 2021. As one of the first states to offer online sports betting opportunities, Iowa is a booming market with nearly 20 sports betting apps at the moment. A good reason to choose Betway is the $250 risk-free bet available for new account holders, not to mention Betway’s exciting betting options like one-game parlays and odds boosts.

Betway New Jersey Risk-Free Bet

The potential of the NJ market as the US gold standard for sports betting is a major stepping stone for the Betway sportsbook. Entering the scene in August 2021, Betway immediately began offering odds on all the most popular leagues and college games that take place outside the state borders. You can sign up with the NJ betting app to enjoy up to $250 in risk-free bets. Betway NJ online casino games are also legal and there’s a special casino bonus up to $1,000 for those who play at the Betway casino.

Betway Virginia Risk-Free Bet

Following a permit issued to its parent company, Digital Gaming Corporation, VA bettors are now part of the lucky bunch who can enjoy the online sportsbook free first bet bonus of up to $250. Competitive odds, live betting, and the signature odds boosts of Betway are all available. Going live in May 2022, Virginia is the operator’s seventh state launch.

245 ratings
Review
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply
  • Live In-Game Betting
  • Odds Boost
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply

Betway Sportsbook Highlights

Betway is a world-renowned sportsbook with plenty of overseas success. It started out in Europe – based out of Malta since 2006 – and quickly became a leading brand with a massive customer base. It’s an AGCO-approved site in Canada and a sponsor of major sports and esports betting teams. On the online casino front, it even made the Guinness World Records with a mind-boggling jackpot payout back in 2015.

The point is that Betway is a fantastic betting site, and you don’t get this much fanfare without doing something right. Besides the regular rollout of risk-free bet offers, odds boosts, same game parlay builders, and other juicy Betway bonuses, the operator has crafted a well-rounded platform. Below are some major highlights:

Usability

Betway Sportsbook apps

An undeniable advantage of the Betway sportsbook is its ease of use. The website interface is user-friendly, and the app even more so. iOS users can download the software on the App store. The Android version is yet to be released into the Google Play Store, but you can download it via the apk link on the site.

Cash-Out Feature

A popular option among online sports bettors nowadays, the “Cash-out” feature is also available at the Betway sportsbook. This option will usually be available on all bets, but beware not to use it when claiming the risk-free first bet. In every other instance, it’ll come in handy to maximize your winnings before a game goes sour. With good instincts, you can make a winning bet out of what would’ve been an outright loss. The winnings are updated in real-time to show you the exact amount you can settle your bet for.

Betting Markets

Betway Sportsbook features

What separates Betway from other sportsbooks is the sheer variety of sports you can bet on. Whether NFL, NHL, NBA, MMA, or even college sports, you’ll surely find your preferred betting option with this operator.

Generally, you can make sports bets on the Moneyline, spread, totals, futures, round robins, teasers, etc. However, during our Betway sportsbook review we found that the operator is raising the stakes by guaranteeing 100+ pre-game and in-play betting markets on every NHL and NBA game. So, if alternate lines and player props are your jam, signing up here is a no-brainer. We don’t have to remind you there’s up to $250 in risk-free bets up for grabs.With no Betway promotional code necessary, you can claim it hassle-free.

In-play betting

Betway live streaming

Betway’s live betting technology is on par with the industry standards and promises to offer the best betting experience on the fly. Whether you log in via the Betway sportsbook app or the website, you can experience the thrill of fast-paced live betting without any hiccups.

Live streaming

Betway offers live streaming on select games, which is something you don’t find on many platforms. Any event available for streaming will have a tiny TV icon featured on it. Streaming isn’t provided for NFL, NBA, MLB, and other major US markets. Instead, you’ll be able to watch your bets play out on sports like table tennis, cricket, and rugby.

Banking Options

Betway account deposits

The Betway sportsbook provides enough banking options to make deposits and withdrawals convenient for everyone. Betway has gone the extra mile to ensure that sports bettors get speedy turnaround times with the click of a few buttons or a few swipes if using the Betway sports betting app.

You can deposit funds into your Betway sportsbook account with any of the following:

  • Credit/debit card (MasterCard and Visa)
  • ACH bank transfer
  • PayPal
  • Play+ card
  • PayNearMe
  • Betway Play+, Sightline

You should make a first-time minimum sportsbook deposit of at least $10 to qualify for the Betway welcome offer.

To withdraw your winnings, you can use:

  • PayPal
  • E-check via ACH bank transfer
  • Play+ card

PayPal and the Play+ card are two of the most reliable ways to withdraw money as they typically ensure payment processing within 24 hours. ACH transfers, on the other hand, might take up to 7 days.

Betway Free Bets for Existing Users

Betway free bet promos

Betway is just as committed to keeping existing users happy as they are to attracting new customers. Once you make your first bet and claim the welcome sports bonus, you’ll have officially transitioned to the role of an existing player. You can then benefit from the following:

Free bets – Betway is in the habit of offering free bets on deposits. This is not available at the moment but you should keep an eye out. When available, we’ll bring you news of such free bet promos and the relevant Betway sportsbook promo codes.

Odds boosts – These limited-time offers are available on top games of the day, including popular MLB events, NBA events, etc. Check which games have odds boosts and follow them to take advantage of the boosted Betway odds when they pop up.

Same Game Parlays – When playing at the Betway online sportsbook, bettors can combine up to 6 different sports markets into one using the Same Game Parlay feature. It’s popular for NBA events. To top it off, Betway will price up your picks with competitive odds for an unmatched betting experience.

Loyalty program – The loyalty program Betway offers isn’t available for the Betway USA arm. But you get rewarded for loyalty anyway, thanks to the free bets and game boosters provided. You can check out our BetRivers Sportsbook and BetMGM Sportsbook reviews to join in some of the longest-running rewards programs for bettors in the US.

Other Risk-Free Bet Offers

Promo Code: GUSA
1859 ratings
Review
2 x Risk-Free Bets Up To $2,000
21+. T&C Apply
21+. T&C Apply
  • Promo code: GUSA
  • Multiple bet types
  • Huge range of sports & markets
Promo Code: GUSA
2 x Risk-Free Bets Up To $2,000
21+. T&C Apply
21+. T&C Apply
Promo Code: GAMBLEUSA
1436 ratings
Review
$1,000 Risk Free First Bet
21+. T&C Apply
21+. T&C Apply
  • Promo Code:Β GAMBLEUSA
  • Super fast payouts
  • Live streaming
Promo Code: GAMBLEUSA
$1,000 Risk Free First Bet
21+. T&C Apply
21+. T&C Apply
1147 ratings
Review
No Sweat First Bet Up To $1,000
21+. T&C Apply
21+. T&C Apply
  • Convenient banking
  • Massive choice of sports
No Sweat First Bet Up To $1,000
21+. T&C Apply
21+. T&C Apply

The Betway sports welcome offer is a generous one, but it’s not the biggest on the market. If you’d like to check out other options, here are some of the top alternatives with an equally impressive risk-free bet offer as Betway or better:

FanDuel Sports

FanDuel Sportsbook has come a long way since its DFS days. While it remains the top destination for fantasy sports, its popularity has soared since launching sports betting in 2018. There’s fantastic coverage of sports and betting markets, and new players can get started with a $1,000 risk-free bet offer. Bet up to $1,000, and if the bet loses, you get a second chance to win with the FanDuel promo code.

BetMGM Sports

This operator is big on rewarding players. The MGM Rewards program is an extensive loyalty program that stretches across all of the operator’s 20+ destinations in the US. You’ll get to partake in these benefits later on, but sports fans get a $1,000 risk-free first bet as a warm-up. The sportsbook promo code to activate the offer is GAMBLEUSA.

PointsBet

US online gambling regulations haven’t stopped this Australian bookmaker from expanding its US footprint. Clearly, nothing is stopping its bonuses either, as PointsBet Sportsbook offers the largest bonus yet. New customers get 2 risk-free bets up to $2,000, and you can claim this welcome bonus using our PointsBet bonus code GUSA. Also, if you enjoy staking on the NFL and NBA, PointsBet has a unique set of markets that aren’t available anywhere else.

Bet on Betway Sports with $250 Risk-Free!

Overall, we can safely conclude that Betway is a stellar platform for both new and experienced bettors. It’s especially popular for its wide-ranging sports, including esports and lesser-known international games. The Betway app is intuitive, and the website is equally easy to use. When you combine all these with the array of Betway bonuses, it’s definitely worth checking out!

245 ratings
Review
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply
  • Live In-Game Betting
  • Odds Boost
New Player $250 Risk-Free Bet
21+. T&C Apply
21+. T&C Apply