| Updated: April 13, 2020If you are looking for a trusted and reliable online sportsbook, then you would do well to consider Betway. This betting platform has been online for more than a decade and in that time, has earned the respect and love of bettors all over the globe. All Betway customers are treated with care and attention and you could be one of them. If you choose to become a member of Betway, you can await a great Welcome Offer when you first open an account. Below, we will go in-depth about this promotion and provide you with all necessary information about it.
Full Bonus Terms and Conditions
The Welcome Bonus at the Betway Sportsbook is certainly an interesting one and you will see quite a lot of value from it. To receive this bonus, you need to be a newly-registered member without prior deposits.
To be eligible for the bonus, you need to make a deposit of €10 or more and then wager the full deposit amount on odds of 1.75 or greater. When you are done with this, you will receive a bonus of €10.
The other €240 on the Welcome Offer can be claimed by continuing to place bets at Betway for the following 12 months. Specifically, you will need to join the Betting Club and wager at least €25 per week on single-line multiples. You will receive your bonus in increments of €5.00 for as long you keep placing bets every week.
We have to point out that this bonus is only available to customers who reside in Italy. If you are not currently located there, you should consider the international version of Betway, which has completely different offers.
Turnover Requirement and Minimum Odds
Of course, nothing in life is free and neither is this bonus. Before you can cash it in, you will have to complete a turnover requirement of 8 times. For instance, when you claim the first €10, you will need to wager €80 before you can cash it in.
Naturally, you will also have to respect the minimum odds set by the casino when it comes to promotions. Specifically, sports wagers placed at odds of 1.75 or greater will be counted for 100% of their face value. However, if the odds are between 1.30 and 1.74, then only 16.67% of that will be counted towards the requirement. This will slow down your turnover process and require you to place more bets than normal.
Interestingly enough, Betway allows you to fulfil the turnover requirement on certain casino games found in the Casino section. In this case, the requirement goes up to 48 times and the wagering contributions are significantly lowered. For example, slots and parlor games will contribute only 16.67% of the bet value, while table games and video poker will only count 1.33% of any bets. Classic Blackjack, All Aces Video Poker, Jacks or Better, Baccarat, Craps, Red Dog and Sic Bo are excluded from the wagering process.
All bonuses have to be wagered within 7 days of claiming them. If you do not succeed in that time frame you will lose the bonus.
Other Bonus Rules
There are certain rules not tied to the turnover requirement that you should also know about. For instance, there is a maximum cashout limit on bonuses at Betway. Specifically, this rule states that you cannot withdraw more than 6 times the first deposit from a bonus offer. Any excess funds are removed from the transaction if there are such.
Additionally, you also have to abstain from any bonus abuse practices at Betway. These include low margin and zero-risk bets. If you do not abide by this rule, you will lose your bonus and possibly be prevented from claiming further promotions in the future.
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