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Bonuses and promotions are a regular thing on gambling websites as they attract new customers and increase their profits
Although it may seem that gambling websites are giving you free money, this is not entirely true. It is true that they are giving you free cash in the form of bets or free spins, however, they do this for a few reasons. Firstly, the gambling market is very rich and there are many competitors who fight with each other to get more customers through bonuses and promotions. At the end of the day, all casinos and bookmakers offer more or less the same games and game options, so the only way to differentiate them is the bonus.
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19+ Terms and Conditions. This offer is only available to new customers in Canada. Verification documents may be required. Promotion is valid for adult users only.
An added benefit of a welcome bonus is that it is an incentive for new players to deposit on the website and start playing, eventually making gambling websites hugely profitable. Also, don’t forget about wagering requirements.
Wagering requirements are fundamental for gambling websites as they not only provide protection against bonus abusers but are also a sure way to guarantee profits from the free money they are giving out to players. But we’ll go deeper into prerequisites later in this article.
In terms of bonuses and promotions, the gambling website with the best bonuses and promotions should be Betway. Betway is a European bookie founded in 2006, so they are very experienced in the industry. Therefore, after recently entering the Canadian market, it has decided to offer Canadian players tremendous bonuses and promotions.
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In terms of welcome bonuses, Betway is limited but it has many promotions to choose from and we will go through them in the next few lines.
An important point to note is that only Betway members can claim bonus codes. You can find these bonus codes in different ways but the main ones are:
Once you get the bonus code, you need to redeem it and there are a few simple steps to do so. Here is the whole process:
Once you deposit some cash (at least the minimum required for a promotion or bonus) you can enjoy all the features available at Betway.
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Unlike other gambling websites there are not many welcome bonuses to choose from Generally, most bonuses are for existing players and you will only get one or two welcome bonuses on average.
For sports, there is only a welcome bonus available, which is not great in our opinion but still a good option. The welcome bonus is a 100% first deposit match up to $200.
Casino welcome bonuses are where Betway really shines. With an excellent 100% first deposit match up to $1000.
Betway’s live casino has the same promotions as the regular casino. So the only welcome bonus available here is the 100% first deposit match up to $1000.
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When it comes to bonuses and promotions for existing players, we have several options here. Here is a complete list of common promotions on the website:
In addition to general promotions and bonuses, there are specific ones for each category. Let’s start with Betway’s sports section:
Now that we’ve got the sports promotions out of the way, let’s look at the casinos:
There is also promotion for the eSports segment, which is one of the fastest growing industries right now. Let’s take a look at what Betway has to offer for eSports fans:
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An additional promotion is the loyalty scheme. The Loyalty Plan is basically a VIP plan that is divided into tiers based on how much you play and spend at Betway. We’ve found that the rewards for loyalty schemes are great, especially the higher up you go. The plan is divided into the following tiers: Blue, Silver, Platinum, Diamond and Personal
Currently, Betway does not offer a no deposit bonus. All bonuses and promotions on the website require some form of deposit.
An important thing you need to consider before choosing one of these bonuses or promotions is the terms and conditions, including wagering requirements which we will discuss in more detail later.
The first condition you need to consider for Betway’s bonuses is that welcome bonuses are only for new players, so you can’t redeem them if you’re already a player. Also, welcome bonuses, for obvious reasons, can only be redeemed once on your first deposit Note that you only have 7 days to qualify, redeem and use your welcome bonus, otherwise you will lose it forever for that particular account.
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An important thing to consider when reading the terms and conditions we mentioned earlier is the wagering requirements for each bonus or promotion. You see, online bookies and casinos are not required by law to display these requirements directly on their advertisements or websites. However, it must be in their terms, otherwise, it would be illegal and fraudulent.
So what some shady casinos and bookies do is make the terms and conditions almost invisible unless you’re actively looking for them so you feel like you’re getting your welcome bonus with no strings attached. Unfortunately, it doesn’t work this way in the real world and gambling websites don’t want to take advantage of it, so they keep wagering requirements.
Especially for Betway, the wagering requirements are very high, requiring 50x. This is too much because you have to play 50 times more than what you earn through the bonus offered by the bookies.
If you are a new player and have no idea about the wagering requirements, it is important that you read this section.
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What usually happens to newbies: they sign up to a gambling website, lured by an incredible welcome bonus, only to find out later that they can’t actually withdraw their winnings because of the wagering requirement.
Wagering requirements are basically a limit that gambling websites place on you to take advantage of them and prevent them from losing their profits. Wagering requirements are the number of playthroughs you must make to be able to withdraw your winnings.
An average and fair wagering requirement is around x20-30 of your initial welcome bonus, which means you need to play 20-30 times what you initially got from the bonus to withdraw your winnings. So, in short, wagering requirements require the player to meet a minimum betting threshold until they withdraw their winnings.
Wagering requirements work differently for each bonus. For example, free spins are one of the bonuses that usually have a wagering requirement To cash out the money you earn through free spins, you must bet a cash amount that is a multiple of your winnings. If let’s say you win $100, and the wagering requirement is 30x, then you need to wager a minimum of $3000 before you can withdraw your winnings.
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Also, if you claim a welcome bonus and you deposit some money on the website, the games you play will first use your “free” cash from the bonus and you will start playing only after all of that bonus money has been used. Using your own money that will count towards the wagering requirement.
And that’s not all. Note that not all casino games count towards wagering requirements and not all games are priced the same. Both are calculated based on that particular game’s RTP, which is short for Return to Player, or in simple terms, your odds of winning. The higher the RTP percentage, the harder it is for you to meet the wagering requirement as the casino will count 50-70% of the total winnings. Naturally, the casino usually calculates the most difficult games to win in the wagering requirements.
Finally, your bonus may only be valid for a limited time as per Betway. With Betway, you have 7 days to redeem and use your welcome bonus before it disappears.
Note that all wagering requirements are subject to the terms of the welcome bonus or promotion. If for some reason you can’t find them, we suggest you run away from that website as they are probably highly illegal and you are taking a huge financial risk by playing on that website.
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Apart from the wagering requirements, there are a few things you should keep in mind before making a deposit, and if you don’t want to get into trouble, we recommend you read and follow them:
Although Betway has a great app, unfortunately, there are no app-specific bonuses. However, you can access all the welcome and regular bonuses and promotions listed above on the mobile app.
There is certainly no shortage of payment options for Betway’s customers. Because the Canadian market is quite new to gambling websites, some
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