The best Betway bonus for the sportsbook is the cashback bonus. This is a risk-free bet of up to $250 across the entire sportsbook. What this essentially means, is that you deposit any amount of money that is under $250.
Then, if you lose that bet, Betway will recredit the bet back into your account. For example, if you deposit $100 and make a losing bet on the Dallas Cowboys game, Betway will refund your $100 bet within 24 hours.
This Betway bonus is a lot easier to use than many of its counterparts. The issue, we find, with many cash back bonuses is that they depend on that first deposit to be made quickly – and, for the first deposit to be big, for it to mean anything. Off the bat, Betway eliminates the need for any Betway promo code.
Once you’re signing up, the ability to just click the box activating the offer is all you need to do. When you deposit the amount, you’re on the clock to make the wager – Betway let you know as such. But, we made a losing $15 bet, just to test it out – betting on the Cowboys against the Buccaneers.
Once we lost the bet, Betway did live up to their word – it did only take 24 hours for the risk-free bet to be credited back to our account, which is very quick in comparison to its competitors. Placing the risk-free bet, we found, is exactly like placing any other bet – there are no unnecessary bells and whistles attached to it.
We don’t have any major complaints when it comes to this Betway bonus. The one minor issue we would note is the odds. Betway does not tell you if you’re betting on ineligible odds – under 1.3. So, you just have to know yourself what the minimum odds for this Betway bonus code offer are.
It’s very simple. That’s the brilliant thing about cash back bonuses – it takes away many of the conditions that apply to other bonus offers. The likes of wagering requirements aren’t an issue – all you have to do is place a winning bet. With the winnings, they’re not treated any differently – they’re not separated into ‘bonus winnings’, or anything of the likes.
They’re put into your Betway account with your regular winnings and withdrawal of those winnings is the same as withdrawing other winnings. And, to put you at ease, Betway has a great withdrawal range, that is quick and charges no fees at all.
The one major downfall we found for this bonus is the time limit placed on you. 7 days is very tight to place your first bet – it could cause many inexperienced bettors to make silly mistakes, in a rush to avail of this offer. You also have 7 days with the actual risk-free bet, so you’re really in a fight against time with this offer.
While it’s still a great value offer, we think a little more time would make this offer a lot more enticing to many more people. A 30-day time limit would make this offer the absolute best Betway bonus. But, the tight time restricts some bettors.
All in all, this is a great cashback bonus. Risk-free bets, or cash back bonuses, can be difficult to get right, mainly due to the conditions that are normally attached to them. But, Betway is completely upfront and honest – what you see with this risk-free bet, is what you get. On top of that, you get free range to bet on whatever you want on odds over 1.3 – this is one of the best Betway promos on the site right now.