Betway Review & Rating – Sports Betting Sites 2022
Established in 2006, Betway has become a major operator in the world of sports betting. Well-known in Europe as a household name through extensive sponsorships and advertising, the Betway name is associated with a respectable range of promotions and an excellent reputation.
Football and horse racing are the two areas Betway is particularly known for. Consistently decent odds, a wide range of betting markets and well-thought-out offers for their regular customers have established Betway as many players’ go-to bookie, even in countries where horse racing is not available.
In this review, we will take a close look at Betway’s sports betting online presence, including the areas that make all the difference to a fan of sports betting – website usability and access to functions, payment processing and customer service – as well as the pre match and in-play betting odds offered by the bookmaker.
Betway has become a major bookmaker in the world of sports betting with a respectable range of promotions and an excellent reputation. Consistently decent odds and a wide range of betting markets have established Betway as one of the top betting sites on our sportsbook list.
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Important Key Data & Information About Betway
| Licenses: | Licensed in Malta, UK, Sweden, Italy, Spain, Ireland, Belgium and Denmark among others |
| Founding Year: | 2006 |
| Origin: | Malta |
| Welcome Bonus: | 100% matched free bet on your first deposit |
| Sports: | 25+ |
| Customer Service: | 24/7 Live Chat (via website) and email support. Extensive FAQ. |
| Organisation: | A part of the Super Group. |
| Head office: | Gzira, Malta |
| Sponsoring: | West Ham United, Tottenham Hotspur, Atlético Madrid, VfB Stuttgart, Eintracht Frankfurt, FC Schalke 04, Hertha Berlin, SV Werder Bremen and more. Also, horse racing (Cheltenham and Aintree among others) and international cricket, as well as many other teams & events. |
Betway Betting Site, Mobile Site / App
Navigation is simple: the sidebar on the left contains helpful quicklinks, followed by a list of all sports with events that can currently be bet on. The most popular headings, such as In-Play, Football and Tennis, appear in the menu bar across the top while the bet slip sits on the right-hand side, along with a handy Cash Out tab.
The site responds quickly and everything works as it should. Within each section navigating to a desired league or event is simple and useful shortcuts to Daily and Upcoming matches as well as customizable filters for bets result in an excellent user experience.
Betway’s site is optimized for mobile and responsive to support a range of screen sizes. To free up screen space, the left sidebar navigation has been condensed into a hamburger menu in the top left corner. The bet slip appears as an icon top right.
A purpose-built mobile app is also available for iOS (via the app store) and for Android from the bookmaker’s site (https://betway.com/download/android/en-in/) directly. As can be expected the mobile apps are thoughtfully designed and feature all the same functionality as the mobile site.
Betway Sportsbook
Betway offers a very good selection of over 25 sports in its sportsbook. All the popular sports are well represented, as are some of the more unusual sports such as bandy and floorball. Additionally, players can also bet on popular events in politics and entertainment. Esports and virtual sports are also listed.
The extent of the betting markets available naturally depends on the time of year and in some cases also on the player’s location, but overall Betway offers a great choice that will have something for everyone. If you don’t see your favorite sport in the Betway menu, it is worth checking back closer to an upcoming match, as Betway only lists those sports where betting is currently available.
Betway’s largest bet selection is available for fans of football betting. Leagues from all countries are listed under the “All Football” tab so that in addition to the top leagues, players can also select from matches in Armenia, Chile, El Salvador and more if desired. Again, the list of available leagues expands depending on the season. For the top footballing nations, Betway even offers match betting on a regional level.
As can be expected, for popular matches, such as in the Premier League a huge range of betting is on offer. This is where Betway really excels in our sports betting comparison. All the classic bets such as score and time-based bets that one would expect from a good bookmaker are here, as well as a great variety of special bets.
These include long-term bets and season bets such as those on championship winners and top goal scorers. Numerous creative bets for each event are also collected under the Pre-Built Bets tab, which lists #betyourway submissions from Betway customers.
What sports can you expect to see in the Betway sportsbook?
Betway offers a well-selected variety of sports. Ball sports are well-represented, as are American sports, motor and winter sports of course, and fans of futsal, darts and snooker also have a decent selection of bets to choose from.
Betway In-Play Betting & Live Streams
Collected under the In-Play tab and clearly marked with the Live icon (at sports, league and match level, which is very helpful), Betway features live betting in most sports.
Availability depends on when events are scheduled to take place, and not all pre-match events are available live, but there is a very good selection available, especially for football and tennis, for which events from all over the world are featured.
The number of In-Play bets is slightly reduced, down to 10-15 markets for some lesser-known events, but popular matches still offer a considerable number of markets including many of the bets available pre-match and pre-built bets.
Odds are refreshed continuously and any changes are clearly marked with colored indicators. Bet acceptance is fast and cash-out is also an option for many live bets.
Which football markets can you expect to see In-Play?
- 1×2
- Both teams to score
- Double chance
- Correct score
- Draw no bet
- Handicaps
Betting Odds and Payout Rates at Betway
This is another area where Betway shows its commitment to its regular customers. Price boosts are available for numerous events across a range of sports, resulting in a competitive offering. Outside of this our payout calculations reveal that rates are consistently decent and at the higher end of the average among the top bookmakers.
It should be remembered that each winning bet is subject to a small margin retained by the bookmaker to cover costs. The remainder is the payout rate that goes to the winning customer. For popular match bets with a large uptake, the payout rates can be quite high. And so, at Betway a 1×2 bet for a match in the German Bundesliga typically pays out at around 95%.
A similarly high rate is offered for match win bets in the Premier League, the Primera Division and the Italian Serie A. Champions League matches pay out slightly less, at around 94% on average, while Europa League matches have a 92% payout rate. Winning bets for popular second division Bundesliga matches were found to pay out at a very decent 93%.
Overview of the average payout rates for 1×2 bets at Betway
| Premier League: | 95% |
| German Bundesliga: | 95% |
| Second Division Bundesliga: | 93% |
| Primera Division: | 95% |
| Serie A: | 95% |
| Champion’s League: | 94% |
| Europa League: | 92% |
We also calculated the payout rates for several match win bets in other sports, including tennis, basketball, American football and ice hockey. Overall, again, these were found to be near the top end for the average among bookmakers.
The table below shows the results of our calculations based on a representative sample of match win bets from each sport.
Average payout rates for other sports
| Tennis | Basketball | Ice Hockey | American Football | Handball |
| ATP/WTA: 94% | NBA: 96% | NHL: 96% | NFL: 96% | 1. BL: 93% |
| Challenger: 92% | Euroleague: 94% | KHL: 95% | DHB Pokal: 90% | |
| ITF: 92% | CL: 93% | DEL: 93% | ||
| UTR: 93% | DEL 2: 90% | |||
| SHL: 96% |
Betway Registration and Bonus Promotions
To place bets at Betway, players must have a registered, verified account. This also brings a whole range of benefits, such as the ability to cash out, collect VIP points and benefit from bonuses. Betway also occasionally sends out tailored offers to specific customers. Other general benefits of a registered Betway account include:
- Faster payment processing
- Customizable site settings (such as odds format, language, time zone and date format),
- An easily accessible view of one’s bet history
- The ability to save personal information
- Setting of personal betting limits if you suspect you may have a gambling problem
- Setting of personal deposit limits on a daily, weekly or monthly basis.
Registering for an account with Betway is simple. Clicking on the Register button in the header of the website opens a new page, which asks you to input all the required information in three easy steps.
1. The Account Information section asks you to choose a user name and password and provide your email address.
2. The Personal Details section requires your name, address, date of birth and country of residence.
3. Contact Details: This asks for your full address and mobile number.
It also gives you the option to set your currency and select your personal limit for deposits. This can be changed upon request at a later date. This screen also allows you to opt-in to receive the latest promotions. At this point, you are also asked to accept Betway’s terms & conditions for which two boxes need to be ticked.
All registrations must be verified, at the latest before the first withdrawal can be made. Betway will advise you as to which documents are required to confirm your identity. These can then be provided as a simple upload to their secure portal.
Next, we are going to look at Betway’s new customer bonus. As always it is worth taking a close look at the conditions associated with this to make sure they can be fulfilled in a timely manner.
Betway’s new customer sign up offer
€30/$30 into your account within 7 days of registering. Your free bet matching the amount of your deposit will appear in your account straight away.
However, before you can use it, you must unlock it by placing your first bet equal to your first deposit. The odds for this must be at least 1.75. Once your free bet is unlocked you will have 7 days to spend it. If your free bet wins, your winnings will be credited to your account, minus the stake of the free bet.
Additionally, Betway specifies the following terms & conditions:
1. When using the free bet on an each-way market, the entire stake will be split between the win and the place position.
2. The free bet must be used as a single transaction/bet.
3. The free bet cannot be used for system bets (e.g. Trixie’s, Patents, Yankees etc.).
4. The deposit that the free bet is based on has to be used at least once before free bet is activated.
5. Should the free bet be placed on a selection that is later voided, the stake will be returned to your account as a free bet.
6. The free bet is non-refundable.
7. If not used, the free bet will expire 7 days after being credited.
Betway Deposits & Withdrawals
The list of payment options offered by Betway is extensive. Please note that not all options may be available in all countries and some providers may charge for their services. Popular methods include eWallets, bank transfers and pre-paid cards.
Commonly accepted deposit methods
- Credit cards (Mastercard, VISA)
- Klarna, Sofort
- Giropay
- Rapid Transfer
- EPS
- Paysafecard
- Skrill
- MuchBetter
- Neteller
- Paypal
- Trustly
- EcoPayz
Betway does not charge any fees on deposits or withdrawals. Minimum amounts apply, however. In the case of deposits, they are either €5 or €10 depending on the payment method. When it comes to withdrawals, Betway requires you to use a method that was previously used to deposit money to your account.
To ensure the safety of its customers’ transactions Betway has implemented extra checks into its withdrawal process. This means that there may be a slight delay in addition to the payment provider’s processing time. You should typically allow 2-24 hours for withdrawals to an eWallet and 2-3 working days for the money to go to your credit card or bank account.
To ensure that the customer meets all the requirements for holding a betting account, Betway needs to verify that the customer is at least 18 years old and legally allowed to gamble, as well as being resident in a country where Betway’s products are available. These checks are a legal requirement before the first withdrawal can be made. As well as an identification check, Betway may also ask you to confirm your mobile phone number.
Betway Customer Service
Betway’s customer services consist of a live chat option on their website and email support. Both are available 24/7 in a variety of different languages. Betway asks you to refer to their extensive FAQ section first, which contains much useful information and instructive videos. Betway also has an excellent blog which is a good source of information.
The FAQ section can simply be accessed from the Support button in the betting site’s header. It consists of 15 sections that cover all the topics that customers commonly need help with, such as deposits & withdrawals, betting account-related questions, technical problems as well as queries with regards to the rules for betting. A keyword search is provided to make it easier to find relevant topics.
From here the customer then also has the option of contacting customer services directly by using one of the methods above.
Further information about the bookmaker
Betway’s main gambling license is based in Malta. This covers the five product categories offered by Betway to customers in eligible countries across the world.
On the website the categories are clearly identified by their color, which appears when the cursor hovers over each segment: BetwaySports is grass green, BetwayCasino is dark blue, BetwayLive-Casino is light blue, BetwayEsports is purple, and BetwayVegas appears in red.
Due to local legal restrictions, not all products are available in all countries. In Germany for example, only Betway’s sports betting segment is available.
Betway Facts & Figures
- Betway was founded in 2006.
- Its head office is located in Malta
- Additional offices are based in Guernsey, London and Madrid.
- Its business areas are online sports betting and casino games.
- Betway has 600 direct employees and 1300 indirect employees via third party providers.
Since it was established in 2006 the Betway group has been focused on the development of its in-house brand. The Betway brand quickly grew to serve customers worldwide. Several other brands also come under the umbrella of this group of companies which is known as the Super Group (SGHC Limited).
These include various casino brands such as the Hippodrome Casino, Spin Casino and Dream Bingo.
Following a merger with the US-based Sports Entertainment Acquisition Corp., the group is now thought to be planning to extend its products to the United States beyond 2021, with shares in the company to be traded on the New York Stock Exchange.
Betway has also been very active with its sponsorships. The Betway name is prominently displayed on this season’s West Ham kit, as well as that of FC Schalke. Fans of horse racing will have seen Betway’s adverts for the Cheltenham Festival and the Grand National, both of which were extensively supported.
Additionally, regular sponsorships in snooker, eSports, ice hockey, cricket, basketball, rugby and tennis help to make Betway the household name it is today. It is also represented by a number of well-known ambassadors in the market.
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