How to claim Betway Bonus

  1. Click on the button below

    This will redirect you to Betway's site and automatically copy the promo code for you.

  2. Follow Betway's Signup process

    If prompted, paste in the promo code. This may be done automatically for you, if you're not prompted.

  3. Enjoy your Bonus

    Provided you have met the terms of the bonus above

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Betway bonus: Important information

Betway Sportsbook bonus$250 second chance bet or bet $20 get $40 bonus bet
Betway promo codeN/A
Minimum deposit$10
Minimum wager$10
Wagering requirements-300 odds or longer
Eligible bet typesAll except those with enhanced odds
Eligible statesAZ, CO, IA, IN, NJ, OH, PA, VA
Last verifiedDecember 4, 2023
Expiry dateSeven days from placement of qualifying wager

Betway sportsbook promo code December: Get a $250 second chance bet

While the welcome offer at Betway sportsbook may not be as outwardly lucrative as those of its rivals, the $250 second chance bonus bet is a great way to get started with the sportsbook. It's one of the best sportsbook promos around, and one of the easiest offers to claim as well.

You need to make a minimum $10 deposit to get started, and you can earn up to $250 back in bet credits if your first wager loses. If you're from Ohio, you are offered a Bet $20 Get $40 in bet credits welcome bonus, meaning once your initial $20 bet settles, Betway will fund your account with $40 worth of bonus bets. It might seem a little lower in terms of bonus funds, but that's still one of the best Ohio sportsbook promos going!

This promotion is available to individuals in all locations where Betway holds a valid license. You do not need to enter a specific Betway promo code in order to access the desired offer. To seize this opportunity, simply click on one of Oddspedia's exclusive links and proceed with the standard sign-up procedure.

  • $250 Back in Bonus Bets
    No code required Claim bonus

    Opt-in may be required. Bonus bet funds are not the same as cash, must be used in the Sportsbook, and are subject to restrictions. Must be 21+yo and resident of the U.S. T&Cs apply.

How to claim Betway promo offer

If you have yet to open a Betway sportsbook account, you are still eligible to claim the welcome bonus! You can currently receive a $250 second chance bet if your first sports betting wager with Betway loses!

Betway will refund your entire stake in the form of bet credits, up to $250, if your initial wager fails to come out on the winning side. If you're in Ohio, you are eligible to receive its Bet $20 Get $40 in bet credits welcome offer. Here's a step-by-step guide on how to the welcome bonus:

  1. Download the Betway App or visit the website for your state
  2. Create your Betway account by providing your name, email, password, and other required information.
  3. Apply a promo code if you have one
  4. Select a suitable deposit method and make a deposit of $10 or more.
  5. Place your first wager
  6. If your first bet loses, you'll receive the equivalent amount back in the form of bet credits! If you're from Ohio and wagered at least $20, you'll receive $40 in bet credits as soon as your initial wager settles

Betway promo code for new customers

The Betway online sportsbook offers two separate welcome bonues for players in Ohio and for bettors in other eligible states. Neither of these offers require a Betway promo code.

Players in Ohio can receive a Bet $20 Get $40 back in bonus bets, meaning that once you sign up, deposit, and place your initial wager of at least $20, you'll receive $40 worth of bet credits as soon as your first bet settles.

Bettors outside of Ohio will receive the more lucrative second chance bet up to $250. This means that once you deposit a minimum of $10 and wager it, you'll receive the equivalent back in the form of bet credits if your initial wager were to lose, all the way up to $250. You can make your first wager on any sports market with odds of at least -300 to be eligible for your bet credits. Remember, if your first wager does win, you simply keep the winnings like any normal wager!

Bet and get deals can be found throughout the industry. If you are interested in these welcome bonuses, read over Oddspedia's DraftKings promo code and FanDuel promo code pages. If you'd rather welcome bonuses that provide you with insurance like Betway's second chance offer, the BetMGM bonus code may be the bonus for you, as you can unlock $1,500 using the code ODDSBONUS.

Betway welcome offer terms & conditions

Prior to placing your initial bet with Betway, it is crucial to familiarize yourself with the terms and conditions associated with the welcome bonus. To assist you in this endeavor, I have provided pertinent information that you should thoroughly examine before proceeding with your intended first deposit.

Promotion summary

The $250 sports welcome bonus is the main Betway welcome bonus for first-time customers. Simply sign up, opt in to the $250 welcome offer, and place your first wager of a minimum of $10. Now, remember the odds have to be at least -300, and you aren't able to boost them for your first bet.

If your first wager meets this criteria and loses, you'll receive a full refund in bet credits, up to $250. These bet credits require a 1x playthrough before you're able to withdraw them.

If you are from Ohio, you will receive the Betway Bet $20 Get $40 welcome bonus. This means that once you sign up for a Betway account in Ohio and opt in to the welcome bonus, all you need to do is wager $20 and you'll receive $40 in bet credits once your initial wager settles.


All players aged 21 years or above are eligible to take part in the promotions on Betway. To sign up on Betway in the United States, players must be residents of Arizona, Colorado, Iowa, Indiana, New Jersey, Pennsylvania, Ohio, or Virginia, currently.

Please keep in mind that if you have previously used a bonus on Betway, you will not be eligible for the welcome bonus. These welcome offers are specifically designed for new customers only. To ensure that your bet credits are credited, it is crucial to refrain from cashing out your initial bet or using an odds booster. This reminder is of utmost importance!

Claiming your bonus

To claim the sports betting welcome bonus at Betway, all you need to do is sign up on the platform and make a minimum deposit of $10 or more. Once done, enter a wager of $10 or more as your first bet on the platform. If your first bet loses, you will automatically receive the amount that you have wagered in the form of bonus funds in your player wallet, up to $250. In Ohio, you need to bet a minimum of $20 to receive $40 in bet credits.

I have claimed the second chance offer with Betway, and it was incredibly easy. As soon as my first wager lost (unfortunately), my bet credits were found in my account, ready to go. However, remember that your bonus bets can take up to 36 hours to hit your account.

Bonus limitations

The Betway welcome bonus is only available to new sports betting players who have yet to sign up on the platform. Additionally, the bonus funds received need to be utilized within seven days of credit on a minimum losing wager of $10 or more. Remember, your initial wager has to have final odds of -300 or longer in order to qualify for the welcome bonus.

Other terms and conditions

One important term to note is that if you win a sports betting wager using the bonus bets, you will only be entitled to the winnings and not the original amount wagered. Thus, it's important to carefully consider your qualifying wager to maximize the amount that you can earn from a Betway sportsbook bonus code.

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Betway sportsbook promo code for existing customers

While the Betway welcome bonus is a fantastic way to kick-start your sports betting journey with the sportsbook (who wouldn't want a $250 second chance?) there are plenty of offerings for existing customers as well.

Bet and get wagers are largely available throughout the year (via what Betway calls its Parlay Club). You'll also find odds boosts and seasonal promotions on leagues such as the NBA, NHL, and NFL. Let's take a look at some of the current promotions for existing players on Betway. 

Parlay Club

On Betway sportsbook, the promotional Parlay Club offer allows you to tie together several bets to maximize your chances of winning. By placing 3+ leg parlay bets with a minimum wager of $25, you can win a $10 bonus bet. It's important to note that each parlay wager must meet the minimum odds requirement of +200 or higher.

Earn up to a $50 Uber voucher with the Betway sportsbook

In New Jersey, Betway has partnered with Uber Eats to make sports nights a little extra special for its returning players. By depositing a minimum of $25, players will receive an Uber Eats voucher; the value matches the amount spent on the first wager, up to $50. It is important to note that this offer is open only to new players from the state of New Jersey on a wager with odds of -120 or less. 

Betway Casino bonus code

As an industry veteran in sports betting and online gaming, it should come as no surprise that Betway offers its players casino games in the states of New Jersey and Pennsylvania. In Pennsylvania, you can get up to 25% cashback on losses, up to a maximum of $250. This offer plays out very similarly to the $250 welcome bonus at the sportsbook. 

In New Jersey, Betway is currently offering a deposit matching bonus up to a maximum of $1,000. The minimum deposit required to be eligible for this deposit matching bonus is $10. Please note that there is a 30x playthrough requirement to meet before you can convert the matched funds to non-restricted funds that can be withdrawn.

Betway fantasy promo code

Betway's offerings in the United States are currently restricted to its sportsbook and online casinos. At the moment, there is no telling whether Betway will release a fantasy sports offering in the near future. Rest assured that we will cover it in depth if we learn the brand decides to launch fantasy gaming on its platform.  

Betway sportsbook promotions by state

StateOfferBonus Code
Arizona$250 Sports Welcome OfferN/A
Colorado$250 Sports Welcome OfferN/A
Iowa$250 Sports Welcome OfferN/A
Indiana$250 Sports Welcome OfferN/A
New Jersey$250 Sports Welcome OfferN/A
OhioBet $20 Get $40 in bet creditsN/A
Pennsylvania$250 Sports Welcome OfferN/A
Virginia$250 Sports Welcome OfferN/A

Betway sportsbook promotions this week

Betway boosts

Like most standard sportsbooks across the industry, Betway will offer you odds boosts on specialized events like the Super Bowl or World Series. Keep an eye on the Betway Boosts tab to take advantage!

Live Wednesday

With this Betway promo, all you have to do is place a single, real money live bet of at least $20 on the moneyline or spread during an NBA game on Wednesday. Regardless of whether your wager wins or loses, you'll get a $10 bonus bet. Remember, the odds must be -200 or great to qualify.

Betway sportsbook promos vs. Caesars, DraftKings, and BetMGM

Let's take a look at how the Betway welcome bonus compares to some of the top betting sites in the US. Which platform is the best for online sports betting? Which sportsbook offers the most lucrative welcome bonus? Let's get into it.

When you sign up at Caesars Sportsbook and make your first bet, the sportsbook has you covered in case your initial wager loses. Caesars will give you bet credits worth up to $1,000 as part of its welcome bonus for new bettors. This offer is known as the "$1000 First Bet on Caesars" and you can take advantage of it by using the Caesars Sportsbook promo code OPBONUS1000 during sign-up. This insurance wager is similar to Betway's $250 second chance bet, although Caesars' is more lucrative.

The DraftKings welcome bonus is the same in all states, and it allows you to bet $5 and get $200 in bet credits (similar to the Betway welcome offer in Ohio). However, it's worth noting that DraftKings offers an even larger bonus amount. The lower minimum bet requirement may also make DraftKings an enticing choice for you, especially when you consider all the other features and advantages highlighted in Oddspedia's DraftKings sportsbook review.

BetMGM has a remarkable welcome offer, providing a generous $1,500 in bonus bets if your first wager loses. To get in on this offer, just sign up using Oddspedia's exclusive code ODDSBONUS. It's important to emphasize that this is one of the most substantial welcome offers you'll find in the industry and is similar to the $250 second chance bonus you can find at Betway.

If you want to know more about how some of the industy's titans match up against each other, you can read Oddspedia's in-depth articles on FanDuel vs DraftKings, BetMGM vs DraftKings and BetMGM vs FanDuel.

Pros and cons of Betway sportsbook promo


  • Easy to claim and no difficult stipulations
  • Open to all new players
  • Allows you to refund your money on a losing bet
  • Plenty of other Betway bonuses for existing customers


  • A relatively low sports betting bonus at $250
  • Cannot be claimed if the first wager is won
  • It cannot be used on boosted odds

Betway news

The main news coming out of Betway for a while was discussions around expanding in the state of Illinois. For now though, Betway has decided to put its plans for expansion in Illinois on hold.

During the monthly meeting of the Illinois Gaming Board, Marcus Fruchter, the board's administrator, revealed that a company linked to Betway had sought and been granted permission to withdraw their application for a standalone mobile sports betting license in the state.

You will notice that Betway also isn't on the list of best Kentucky sportsbooks or best Michigan sportsbooks. That isn't because the product isn't good enough. It's because Betway still hasn't chosen to go live in those states either.

Sports to bet on at Betway

Betway features a wide range of sports betting markets across several categories of sports. You can wager on the most popular leagues such as the NHL, NFL, NBA, and MLB, along with popular international sports such as Formula 1, soccer, boxing, and more.

Betway also features markets on more niche sports such as cycling, darts, handball, rugby league, and Aussie rules. Rest assured that no matter what sport you like to bet on, Betway will have it available for you.

Bet types at Betway

At Betway, you can explore multiple bet types, such as moneylines, point spreads, totals (over/under), and point spreads. Overall, the sportsbook covers every major bet type that we have come to expect as standard across all the top sports betting platforms in the world. It also has a very competitive offering across its props with a great deal of depth across NFL odds and MLB odds in particular.

Betway app

The Betway sportsbook app is user-friendly and well-designed. The Betway app allows you to toggle between sports on the top navigation menu and make selections quickly, which is incredibly important especially when trying to place live bets. It truly makes online sports betting easy.

The Betway sportsbook app is super responsive, taking no time to log in, and displays all of the daily promotions right on the homepage. It even has the ability to build a list of your favorite sports so it feels like the app is customized to your specific needs.

It's worth mentioning that the app is available for both iOS and Android users. Simply download the Betway app from your respective Google Play Store or Apple App store to discover why Betway is one of the best sports betting apps in the US.

The Betway sportsbook is currently legal in a small handful of states in the United States. These include Arizona, Colorado, Iowa, Indiana, New Jersey, Ohio, Pennsylvania, and Virginia. Betway is also expected to launch in several states in the near future as it continues its expansion drive across the country.

Betway deposits & withdrawals

Betway sportsbook offers a range of payment options that we have come to expect every top sportsbook to provide. With a wide range of payment options such as debit & credit cards, Paysafe, Neosurf, eCheck, and more, it provides players with several convenient options to move money in and out of their player accounts. 

If you want to find out more about the various payment methods available and how long it typically takes to deposit funds or get your winnings from the major sportsbooks, take a look at the more detailed Betway payment methods page.

Betway customer service

Betway has established a reputation for having top-notch customer service. The platform features 24/7 live chat along with email support. The website's "Contact Us" page also features the option to create a support ticket.

No matter what issue you have, rest assured that Betway's customer service team will answer any questions you may have if their comprehensive FAQ section doesn't do so first.

Betway sportsbook promo code FAQs

Is there a Betway promo code?

No, all new bettors on Betway can take advantage of a welcome bonus of up to $250 without using a Betway bonus code or promo code. The Betway new customer offer can be used across a range of sports and sports betting markets as long as you place a qualifying wager. You can only claim this offer if you lose your first wager on the platform.

How do I use my Betway promo code?

You do not need a specific promo code to claim the Betway welcome bonus, all you have to do is sign up and create a Betway account via one of Oddspedia's exclusive links. Once you place your first wager on the Betway online sportsbook, you can get up to $250 back in bonus bets if that first wager loses.

What is the Betway sportsbook welcome bonus?

Currently, the Betway online sportsbook is offering US players a second chance bet up to $250. If your first wager loses, Betway will refund the entire stake back to you, up to $250, in the form of bet credits. No Betway promo code is required to claim this welcome bonus. In Ohio, Betway offers a bet $20 get $40 welcome bonus.

How do I get my Betway bonus?

To claim your Betway welcome bonus, you only need to is create Betway sportsbook account and make a first deposit of $10 or more. Then, you must make a qualifying first wager worth $10 or more. If your first bet loses, you will receive bonus funds that can be used to bet again, up to $250.

How do I claim my Betway welcome offer?

You can claim the Betway welcome offer by creating a Betway account and placing a qualifying bet of up to $250. You will then get your stake back in bonus bets if that wager doesn't win. If you are from Ohio, you will receive a bet $20 get $40 in bet credits offer.

What is the best Betway welcome bonus?

The best Betway online sportsbook offer is its flagship $250 welcome bonus. The bonus refunds players in the form of bet credits if their first bet doesn't win, up to $250. To qualify, you need to deposit $10 or more into your Betway account. 

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