Established in 2006, Betway is an online bookmaker that services most countries worldwide. Based in Malta, they have a gaming license from the Malta Gaming Authority. They also hold a license in the United Kingdom and are regulated by the strict UK Gambling Commission.
Betway have come a long way in recent years due to changes in management. Their past complaints are now behind them. In today’s betting market, they are gaining credibility as a strong option.
In addition to their sports betting options, Betway offers players an online casino, poker room, and bingo gaming options.
Betway offers a larger than usual deposit bonus in the form of freeplay. The bonus is for new accounts only. Players who previously made an account and deposited into one of the other gambling options provided by Betway will not be eligible for this promotion.
There are two 100% Match Bonuses that Betway offers depending on the amount you deposit. The first is a 100% bonus up to £30. The second is a 100% bonus up to £100. Bonuses are also available any other currencies Betway accepts, including Euros and US Dollars.
The bonus must be cleared within seven days. It comes with a 6x rollover, including the deposit amount and bonus. The rollover isn’t great, but few sites are offering deposit bonuses up to £100 these days, so it’s a fair tradeoff.
It’s vital for players to note that they are not eligible for the bonus if they deposit through Neteller or Skrill. This is unfortunate, but if bettors can deposit through PayPal, this is an excellent alternative, that is instant and also an e-wallet. Any credit or debit card should do as well.
Betway is one of the few betting sites that provides players with a lucrative rewards program. Users will earn rewards for all real-money gambling they do at Betway.com, not just their sports betting action.
For every €10 wagered, players will earn 2.5 tokens. The same amount is earned for €10 of play at casino table games. Slot play will earn players five tokens per €10 of play.
There are several tiers in the VIP program. Players will earn more points once they gain levels. These can be redeemed for freeplays and other bonuses and perks. 5,000 Plus Points can be converted into €3 in sports freeplays and €10 in free casino credits or bingo bonuses.
Those who are interested in large amounts of markets will be right at home with Betway. They have odds on pretty much every sport and event imaginable. There is little that isn’t available. For major sports, there are often a dozen or more markets per each match.
In-play betting is an area where Betway truly stands out. Their live betting menu and software is some of the best online. Players will be able to bet more pre-match markets, but every one of the sports they offer has at least a few live betting markets.
They also provide live streaming for many of their in-play contests. Depending on your location, live streaming options may change, but there are always a few events available for live streaming no matter what your time zone seems to be.
For the most part, Betway’s odds are competitive with the big boys. Their Asian handicap markets on football have low vigorish. For accumulators or parlays, they odds are slightly above the industry standard.
For a sportsbook of their size, their betting limits are quite large. Their maximum for most top flight football is somewhere between £250,000 to £500,000 on major markets. Lower level leagues and other small market sports are typically around £100k. Although, some sports, such as cricket and rugby have a small maximum of just £10,000.
Betway’s support team has improved a lot in recent years. It’s one of the main reasons (along with payout speeds) that Betway has gotten much better reviews from industry sites in recent years.
Although Betway doesn’t offer phone wagering, they do have email and live chat support which is available 24 hours a day, 365 days a year.
Betway accepts players from a lot of different countries worldwide and isn’t limited to European markets. Their site is translated into over a dozen languages, and they have support for players in every country where they are operating.
Betway has a long list of cashier options. Depositing and withdrawing at Betway is free of charge for players, for all methods.
For depositing, all the standard options are available. E-wallets, Neteller, Skrill, and PayPal, are all available, and deposits are credited instantly. They also accept Visa and MasterCard debit and credit cards. There are also a lot more country or region-specific options available depending on your location.
Payouts at Betway are typically processed through the method that players used to deposit, if possible. Withdrawal speeds are one area Betway had trouble with in the past. They have improved, but there are still some ways to go in this regard.
Their verification process, according to some players, is still quite slow. Betway also limits players to £4,000 per week in withdrawals or 5x the amount of the total deposits made to the account.
However, all players are being paid. Most withdrawals back to e-wallets are processed in 3-4 business days. This is still slow compared to some elite bookmakers but is perfectly acceptable for today’s climate.
We give credit where credit is due. In the case of Betway, they improved drastically in recent years when it comes to betting options, payouts, and support. They are still not a top-tier option, but when it comes to numbers of markets and competitive odds, they are certainly close to matching them. They are well worth your time as a punter, even if you just take advantage of the £100 deposit bonus.