Breaking Down Betway’s Risk-Free Bet Welcome Bonus

West Ham United’s Croatian midfielder Nikola Vlasic. (Photo by Adrian DENNIS / AFP)

Betway is offering new customers a risk-free first bet worth up to $250. Sports fans in Colorado, Indiana, Iowa, Pennsylvania, New Jersey can claim this enticing offer. Read on to learn more about the Betway sign-up bonus.

Betway Sports New Patron Offer

To claim your welcome bonus, sign up for a Betway account, deposit at least $10, and place a bet on any sporting event with betting odds of -330 or longer.

If your first bet wins, you can keep the money. If the bet loses, Betway will issue a full refund, up to a maximum of $250. The refund is paid in site credit. This bonus credit comes with a 1x playthrough requirement. That means you can wager it once and then keep any winnings you earn.

As is always the case with offers of this nature, your free bet token will not be returned along with any winnings. For example, if you receive a $250 refund and use that token for a successful bet at odds of +150, with will be returned your $375 profit, but the $250 stake is not included in the return.

You will have seven days in which to use your site credit. If you do not use it in that time, it will be forfeited. This is a simple, compelling welcome bonus. It is not quite as large as the risk-free bet offers at FanDuel Sportsbook and BetMGM, but it is still an attractive promotion.

Parlay Boosts

You will then benefit from a few ongoing promotions after registering for an account with Betway. It provides boosted payouts on NBA and NHL parlays. If your parlay has three to five legs, you will get 5% extra.

If it has six to nine legs, your boost will be 10%, and if it has 10-plus legs, you get 15% extra winnings. You can add money lines, spreads, and the main totals market to your parlay, and each leg must have minimum odds of -500 to qualify.

Betway Big Pick

There is also a promotion called Betway Big Pick, whereby you can win up to $5,000 in cash and prizes each week.

The promotion is available on the NFL, NBA, MLB, and NHL seasons. You will be asked a series of questions, and you can put your picks in at the start of the week. A correct pick earns you 1 point and a correct margin is worth 1 point.

If you get all 16 collections correct, you will win a share of $5,000, which will be equally divided among the total number of winners. If you are the only winner, you get the full $5,000. You can also join leagues with friends and family to ramp up the fun.

Betway Overview

Betway is a European online sportsbook brand that launched in 2006. It operates in 24 jurisdictions, including the UK, Ireland, Malta, Italy, Denmark, Spain, Belgium, Germany, Sweden, Mexico, Portugal, and South Africa. The brand is also famous for sponsoring sports teams. It is the shirt sponsor of Premier League Club West Ham.

Earlier this year, Betway purchased Digital Gaming Corporation, which gave it market access to ten states. It made its US debut in March when it launched in Colorado, and it has since expanded into Indiana, Iowa, Pennsylvania, New Jersey.

Super Group owns Betway. It recently appointed former NFL executive Eric Grubman as chairman, while former Cleveland Browns president John Collins joined the board. It offers a strong SBTech-powered online sports wagering platform, quick payouts, and competitive odds on a broad array of sports.