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Betway Review

Review of Betway

Editors Note:
Betway was founded in 2006 and in their early years of operation had a very bad reputation with online punters. They were accused of:

  • Cancelling winning bets
  • Confiscating winnings
  • Predatory wagering requirements making bonuses impossible

In recent years, complaints about the brand have died down, although there’s been no public change in ownership over that period.

I’m starting to think they might have turned a corner BUT with so many more legitimate options out there I’m still not happy to recommend that punters sign up.

Betway Review
1.5/5

Review Ratings

Use the links to navigate our review.

Licensing & Safety

Medium safety rating
How safe is Fun88?
4/10
  • Licensed & regulated in Great Britain by UKGC
  • Malta Gaming Authority licence
  • Registered with IBAS & ESSA
  • Poor track record

Betway Limited is a Maltese registered company which holds a valid licence from the Maltese Gaming Authority, the United Kingdom Gambling Commission (UKGC) and a range of other official regulatory bodies.

Betway is also registered with IBAS and a member of ESSA. IBAS is a third party arbitration service aimed at resolving disputes between gambling providers and customers, whilst ESSA (European Sports Security Association) is a non-profit that monitors irregular betting patterns and event manipulation.

Ownership:

  • Founded in 2006 and owned by the Betway Group.
  • Employ over 500 people and widely advertised on TV
  • Sponsors of West Ham United and associations with Premier League Darts, the Chester Cup, Queen Mothers Champion Chase and professional boxing.

Why the medium risk rating then? Although all Betway’s licenses check out and they are trying to build their reputation, as pointed out in the into to this review, they have a very chequered past. In their early years they were accused of:

  • Cancelling winning bets
  • Confiscating winnings
  • Predatory wagering requirements making bonuses impossible

So… whilst they may have turned a corner of late… why take a risk by betting your money with them when you don’t have to?

Deposits & Withdrawals

Good on deposits, poor on withdrawals
Will I get paid?
7/10
  • Wide range of options
  • eWallets supported
  • Limited withdrawals options
  • £5 min deposit
Method Fee Time Scale Deposit Withdraw Limit
Visa 0% Instant £10 – ?
Maestro 0% Instant £5 – ?
Mastercard 0% Instant £5 – ?
Neteller 0% Instant £10 – ?
PayPal 0% Instant £10 – ?
Skrill 0% Instant £5 – ?
Paysafecard 0% Instant £10 – ?
Citadel Direct 0% Instant £5 – ?
Bank Transfer 0% 3-10 days £20 – ?
Entropay 0% Instant £10 – ?
EPS 0% Instant £10 – ?
eWire 0% Instant £10 – ?
Euteller 0% 1-3 days £10 – ?
Neosurf 0% Instant £5 – ?
Astropay 0% Instant £5 – ?

Markets & Odds

Great coverage of sports
What sports are offered?
8/10
  • 30+ different sports covered
  • Live betting
  • Live streaming
  • Good market depth

It’s time to change gear a little with our Betway review and to start talking more specifically about the service they provide to punters, rather than the background of the company and their banking offerings. Let’s start off by analysing the events and markets that the bookmaker offer to customers, across the following array of sports:

  • Aussie Rules
  • Badminton
  • Baseball
  • Basketball
  • Beach Volleyball
  • Boxing
  • Cricket
  • Cycling
  • Darts
  • eSports
  • Floorball
  • Football
  • Formula 1
  • Futsal
  • Gaelic Sports
  • Golf
  • Greyhounds
  • Handball
  • Horse Racing
  • Ice Hockey
  • Kabaddi
  • Netball
  • NFL
  • Politics
  • Rugby
  • Snooker
  • Table Tennis
  • Tennis
  • UFC / MMA
  • Virtual Sports
  • Volleyball
  • Winter Sports

It’s fair to say, therefore, that whatever sport you like to bet on, Betway probably have it covered. Their selection of available sports, in fact, matches up with that offered by any and every other online bookmaker.

When you delve a little deeper and look at what the bookie offers for each sport, what’s more, things get even more impressive. Betway price up events from a multitude of different competitions and tournaments from around the world, not only for high profile sports like football but also for smaller sports such as badminton and volleyball.

Each different event which is priced up by Betway, too, tends to benefit from a really good range of different markets.

These extend from the simple and obvious like event result or correct score markets to some really specific and unusual alternatives. According to the company, more than 190,000 events are also taken in-play and it is to these events that we’ll now turn our attention.

In-Play Betting

Thousands of events turned in-play
Is live betting offered?
7/10
  • 190,000 in-play events yearly
  • Cash out available
  • Strong on stats & scores
  • Limited live streaming

A multitude of in-play events are continually available at Betway, and are arranged by sport on the main page of their in-play section.

Almost every sport for which Betway offer pre-event markets also benefit from in-play alternatives, with even lower profile events like table tennis matches being taken in-play. The selection of markets provided for each in-play event is also impressive and compares well with the live betting options offered by even the biggest bookmakers.

Betway In-Play

Once you’ve found the in-play event you’re interested in, a simply click takes you to that event’s in-play interface. With Betway, those interfaces are really attractive and feature a handy graphic at the top which can be set to display live scoring, statistics or even live updates of the event.

As if all of that weren’t enough, too, Betway also provide live streams of UK and Irish horse races. To watch you need to have wagered a minimum of £1 on the race.

Welcome Bonus

Up to £30 in free bets
New Customer Offer
7/10
  • Up to £30 in free bets
  • Min odds 1.75
  • Free bet matches deposit amount
  • Withdraw free bet w

Ahead of concluding our Betway review, let’s take a second to assess the bookie’s welcome promotion. The promotion gives brand new customers to Betway the opportunity to earn up to £30 worth of free bets simply by following these straightforward steps:

  1. Head on over to www.betway.com
  2. Register your brand new account with the bookmaker
  3. Make a deposit of £10-£30 to that account, via a credit card, debit card or PayPal
  4. A free bet worth 100% of that initial deposit will be credited to your account but will not yet be activated.
  5. Place one bet or multiple bets up to the value of your initial deposit. Single bets must be at odds of at least 1.75 and the place portion of each way bets must be at odds of at least 1.40
  6. Your free bet token will be activated and available to use for a total of seven days before it expires

NOTE: whilst the Betway sign up offer is a decent one, if you’ve read up this page, you’ll know we don’t recommend joining Betway because of their historical problems paying players. If that puts you off check out these free bet deals at bookmakers we do recommend.

Overall Review

Here’s our overall take on things…
Our Verdict of Betway
Bad historical reputation
Our Rating for:
Betway
1.5/5

Betway score well in various different categories of this review.

The bookie covers just as many sports as anyone else, and provides an attractive, intuitive website which makes it easy for punters to navigate those many punting options. An excellent array of markets are on offer from Betway and inplay stats and action areas are second to none.

Their welcome bonus is decent and inline with the industry average so why do we only score them with 1.5 stars?

Our review grade is purely based on their previous poor behaviour and the way they’ve cancelled winning bets, refused payouts and tried to rip players off with bonuses in the past.

It looks like they are trying to change their reputation BUT why take the risk when other, safer, bookmakers are available? Compare Betway to Bet365 for example and you’ve got a no competition.

 

User Reviews

What actual customers are saying…
  • Jamie
    October 10, 2018

    Limited my account to max bet 50p within 2 weeks of joining.

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Author: David Lenton

David Lenton
David 'the Cheeky Punter' Lenton is an ex professional online sports bettor and trader with over 15 years of experience in the industry. He has also worked for a number of top bookmakers including Bet365, Ladbrokes, William Hill and Coral. With such a long time spent dedicated to the gambling industry no one is better placed when it comes to advising punters. Follow on Twitter @thecheekypunter