Expert View of Betway Sportsbook
Betway is an online bookmaker that was on shaky ground a few years back. However, after management changes, they are now an excellent option. They have soft odds, a VIP program, and a $100 welcome bonus.
Betway Sportsbook Summary
Betway is an online bookmaker that has seen its share of ups and downs in their ten-year history. In recent years, it appears that they have turned the corner and have received few complaints after a change in management.
Established in 2006, Betway offers players a full-service online sportsbook, including live betting. In addition to their sportsbook, they offer online casino gambling, poker, and bingo.
Betway services players in most countries worldwide, but does not accept residents from the United States. The bookmaker has offices located in Malta, where the Malta Gaming Authority licenses and regulates them. Also licensed in the United Kingdom and regulated by the UK Gambling Commission.
A Personal Opinion on Betway
What We Like About Betway
Betway has come a long way in recent years when it comes to reducing customers’ complaints and repairing the negative image they had in the past. Most sites still don’t have them in the top tier of bookmakers or rate them at an elite level but have them a middle-tier international bookmaker. We agree with this sentiment and ranking.
They have a pretty solid welcome bonus for new players. Most international sportsbooks these days don’t offer much when it comes to bonuses. It’s nice that Betway has a bonus that is bigger than most sites, along with other promotions. They’re also one of the few “all-in-one” gambling sites that provide players with a VIP program that provides some real rewards.
They accept players from more countries that most online gambling sites. Their currency support and language support is also impressive. They have a ton of options and both areas, which is impressive for a bookmaker that only has a customer base of about 2 million accounts.
What We Don’t Like About Betway
Those who have been around the industry for a while may have a sour taste in their when it comes to Betway. We can’t say that we blame them because they’ve done many shady and downright awful things in the past.
Two years after the sportsbook opened their doors, Betway canceled a wager that a player made 18 hours after a player made a bet on a Russian Superleague game. Of course, the bet was a winner. Betway claimed they didn’t void the wager, but instead cancelled it, because it was “not accepted by their traders.”
Obviously, this isn’t appropriate behavior by a bookmaker. The complaints continued after this incident. They had major issues paying players for some years and were undoubtedly a scam sportsbook for quite some time.
However, Betway slowly began to improve. They gave back winnings they confiscated to a number of players and reworked their terms and conditions that were predatory. Many sites, including SportsbookReview.com, took them off their blacklist.
Betway has changed management teams twice within the past five years. Communication between management, industry sites, such as SBR, and with the betting community worldwide has been excellent in the past few years.
That’s not to say there still aren’t some complaints. The difference today between a decade or so ago with Betway is that 99 percent of players are being paid quickly and without issue. Also, management is much more available. Most of the recent complaints these days center on bonus disputes, which seem to be handled with positive resolutions.
Putting their past issues aside, Betway is a sportsbook that doesn’t like when you beat them. If you’re a skilled sports bettor and you’re doing stuff like betting steam and hitting them hard where they are least efficient – you can expect to have your limits cut rather quickly.
What Bettors Are Saying About Betway
Betway’s feedback regarding payment processing and support has been excellent in recent years. Feedback from players has mostly centered on their bet size being limited.
Betway Sportsbook Betting Tip
Betway is an excellent choice for an online bookmaker. Their odds are softer than other sites, but, be aware, that if you’re winning and beating them on +EV markets – you won’t be able to do so for long. They are notorious for limiting accounts quicker than other betting sites.
Betway Deposits and Withdrawals
Betway offers a long list of deposit options for players. These include the standard methods, like Neteller, Skrill, PayPal. As well as, credit and debit card support. If possible, player withdrawals will credit their accounts using the method they used to deposit.
Minimum and maximum amounts vary heavily on the method utilized. Many methods, such as credit or debit card, Neteller, and others have a £20 minimum amount and no stated maximum. High stakes bettors should have no issues funded their account with five figures quickly and without any cost to themselves.
At Betway, there are no fees for withdrawals. There are fees from intermediary and receiving banks to players who wish to receive a bank wire. Betway covers the fees for all other methods.
Betway has improved their payout speeds as of late, but they still do have some restrictions when it comes withdrawals. Every withdrawal made at Betway requires players to verify their documents. This is the case at many bookmakers but is literally a part of every first payout request at Betway.
Their withdrawal restrictions are the most troublesome part about their Betway, even though they have improved payout speeds across the board. Players are limited to a £4,000 per week in withdrawals or 5x the amount of the total deposits made to the account.
To say these restrictions are poor is an understatement. They’re almost unbelievable considering that Betway doesn’t have a listed maximum amount when it comes to depositing.
With that said, Betway does process withdrawals in a timely matter. Payouts back to e-wallets take about 3-4 business days. Most other methods are similar. Their payouts are a massive improvement over the past, but they still have some ways to go.
Betway Sportsbook Bonuses
A deposit bonus in the form of a freeplay is available for new customers who make an account in the sportsbook. If you have made an account on any other of Betway’s gambling options and accepted a bonus, you are not eligible for a deposit bonus. Players must also deposit within seven days of registering their account to receive the bonus.
Two Deposit Bonuses
- 100% up to £30
- 100% up to £100
- 6x Rollover
There are two bonus options. Both are 100% Match Bonuses in the form of freeplay. Offer number one is a match bonus worth up to £30. The second is a match bonus up to £100. Both are available in equivalent amounts in Euros or United States Dollars.
Depending on your country of origin, bonus options will vary. Players will not be able to use Neteller or Skrill for bonus deposits. The select few methods available are credit or debit card and PayPal. It’s too bad e-wallets aside from PayPal aren’t available, but all of these methods are easily accessible to just about everyone who wants to deposit.
Players must clear the bonus within seven days. The rollover can be slightly complicated because the rollover is higher depending on the odds of your wagers. However, for the most part, the bonus comes with a not so great, 6x rollover which includes the bonus and deposit amount.
Betway Plus Rewards Program
Betway Plus is an awesome rewards program that is available for all players and options. Although rewards, will vary depending your form of gambling (poker, sports or casino), they’re promotions year round for all sports and tiered rewards program.
Betway rewards players for their casino and sports betting play using a VIP points system using tokens. As players progress, they will gain more levels which result in increased rewards. The rewards and perks are excellent at the higher levels.
Players will up earn up 2.5 tokens per €10 wagered on sports betting markets. They will earn the same amount on casino table games, but will receive five tokens per €10 bet on casino slots.
Plus Points can also be redeemed for freeplay bonuses. 5,000 Plus Points gets players €10 in free casino credits, €3 in free sports bets, and €10 in bingo bonuses.
The Euro is the base of the point system as a whole. It adjusts and converts into the player’s currency of choice using a real-time exchange rate.
Betway Sportsbook Highlights
Abundance of Markets
Betway is one of those sportsbooks online that overwhelms players with a nearly unlimited amount of betting markets. That may overwhelm some novice bettors, but for sports bettors who love action and seeking out inefficient markets – it’s heaven.
Betway reminds us 5Dimes and Bet365 because there’s almost no sport they don’t have available. Not only that, markets that are obscure and small still have a dozen or so betting markets in most cases.
Live betting options are nearly limitless as well. Larger markets will have more in-play betting options. Pretty much every sport listed for pre-match betting has, at least, a few markets of in-play.
The betting software and interface Betway provides may be their best attribute. The menu is user-friendly, and players can go through thousands of markets from the homepage, without the need to reload.
Betway’s markets are competitive. They offer Asian handicaps that have extremely low juice. Parlay and accumulator odds, along with most other markets are fair or above-average. However, as mentioned above, they do limit players rather quickly in most cases.
Betway has a ton of streaming options. Streaming choices will vary depending on your location, but they have done an excellent job as a mid-level bookmaker at providing their customers with streaming options around the clock. If you’re a fan of watching your stake live, Betway has a lot of appeal.
Large Betting Limits
Betway doesn’t have the large land-based presence or history that many other bookmakers do in Europe and the United Kingdom. Although, they are easily equal to the big boys when it comes to betting markets. Their maximum payouts are excellent, but not at elite levels.
The minimum bet is £0.10 across all betting markets. The maximum winnings or payout varies quite a bit depending on the market.
Maximum betting limits are readily available and not hidden deep in their terms and conditions or listed in a long FAQ. Most European and international football contests have a maximum payout of £250,000 to £500,000. These include major leagues across Europe, including the English Premier League, Spanish Primera, German Bundesliga and more.
The odds at Betway focus on UK-gambling interests for the most part. Their limits go up to £250,000 on racing and tennis. Most of their propositions and exotics cap at £25,000 for major markets. This is still an excellent amount for prop bets.
Smaller market sports cap at around £100k. Although, some sports such as cricket, rugby, and others have low maximum payouts. These are set at around £10,000. If you have an interest in those markets and bet larger amounts, it may be best search for another bookmaker.
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Customer Support in 15 Languages
Betway doesn’t offer the phone wagering, but they have phone support, along with email and live chat. Support is available 24 hours a day, 365 days a year and their staff are one of the best online these days.
Betway is available in over a dozen languages. They also have a support staff available around the clock for all languages.
Excellent Mid-Tier Choice
These days, Betway rates as an above average option by most in the industry. We agree with that assessment. Though it can be tough getting paid, all players are receiving payouts these days. Most of them processed within a week.
Most importantly, Betway’s odds are competitive. They have a VIP program that truly has some value. There are promotions all year round that decrease the oddsmaker’s advantage. This bookmaker has a lot to offer, even with the hiccups in certain spots, and the arrow is still pointing up.