Welcome Bonus
About the Bonus
The Betway $250 Sports Welcome Offer is designed for new customers as an introduction to their sportsbook platform. Upon opting into this promotion, customers are required to make a minimum deposit of $10 and place their first bet. If this initial wager results in a loss, Betway pledges to credit the customer's account with Bonus Bet Funds, equal to the amount of the lost wager, up to a maximum of $250.
These funds are intended for use on future bets within the Betway sportsbook. It is important to note that if the qualifying wager is a winning one, the customer will not receive bonus bet funds but will instead collect the standard payout. The offer stands out for its approach to mitigating the sting of a first loss by providing a second chance through bonus funds. These bonus funds, however, come with specific restrictions, such as not being cash-equivalent and expiring seven days after being credited to the user's account. Moreover, the use of these funds does not return the stake on winning bets, only the winnings, which differentiates from traditional cash stakes.