Betway is a leading online bookmaker that offers new customers the chance to get a £10 free bet when they sign up and make qualifying bets. This article will provide a step-by-step guide to claiming the Betway free bet welcome offer and offer tips on utilizing it effectively.
Overview of Free Bets
Before getting into the specifics of Betway‘s offer, it‘s useful to understand generally how free bets work at online bookmakers:
- A free bet gives you the chance to place a risk-free wager up to a specified amount (e.g. £10)
- You do not have to stake your own money when placing a free bet
- If the free bet wins, you keep the winnings but do not get back the original free bet amount (known as Stake Not Returned)
- If the free bet loses, you do not lose any money as it was the bookmaker‘s free bet credit not your cash stake
So in summary, a free bet allows you to win real cash returns without risking your own money. However, the downside is that only the winnings are returned, not the full payout including original stake like a normal cash bet.
Betway‘s Free Bet Welcome Offer
Here are the key terms and conditions for Betway‘s £10 free bet signup offer:
- The offer is only available to new customers opening a new Betway account for the first time
- You must deposit and bet at least £10 cash of your own money after opening your account
- This qualifying bet must be on odds of 1/2 (1.5) or greater
- Once your qualifying bet settles, you will receive a £10 free bet
- Free bets will be valid for 7 days after being credited
- Free bet stakes are not included in any winnings
- The free bet cannot be used on certain markets and bet types (full details on Betway‘s site)
So in a nutshell – deposit and bet £10 at minimum qualifying odds, then get a £10 free bet in return. Pretty straightforward!
Step-By-Step Guide To Claiming The Free Bet
Here is a step-by-step walkthrough to unlock the welcome offer:
Register – Go to www.betway.com and click Join Now, then follow the prompts to create your account. Enter the promo code ‘BETMAX‘ when asked to unlock bonuses.
Deposit – Deposit at least £10 into your new Betway account via debit card, e-wallet or other method.
Bet The Qualifier – Place a bet of at least £10 on odds of 1/2 (1.5) or greater. This can be on any sport or market offered by Betway.
Get Your Free Bet – Once your qualifying bet is settled, a £10 free bet will be credited to your account automatically. This may take up to 72 hours.
And that‘s it – you now have a free tenner to bet with!
Betway Sign Up Offer Key Points
- Enter promo code BETMAX when joining
- Deposit and bet at least £10 at minimum odds of 1/2 (1.5)
- Get a £10 free bet once qualifying bet settles
Using Your Betway Free Bet
Once you‘ve got the free bet in your account, here are some tips for getting the most value from it:
- Check for any restrictions on which markets you can use the free bet on. Sometimes bonuses exclude certain bets.
- The optimal free bet stake amount is often the full value, as you can‘t win back more than the fixed bonus. So for a £10 free bet, stake the whole £10 for maximum potential returns.
- Consider betting at higher odds to increase your winnings potential, though remember the risk of losing.
- Mitigate risk by doing combination bets like doubles or trebles to improve the chance of at least one leg winning.
When placing your free bet, just go through the normal bet placement process, then on the bet slip look for the "Use Free Bet" option and select this before confirming your wager.
Comparing Betway‘s Free Bet Offer
How does Betway‘s signup offer stack up against the competition? Here‘s a quick comparison table:
| Bookmaker | Free Bet Amount | Key Terms |
|---|---|---|
| Betway | £10 | Deposit & bet £10+ at 1/2+ odds |
| Bet365 | Up to £100 | Deposit & bet up to £100 at 1/5+ odds |
| William Hill | £30 | Deposit & bet £10+ at 1/2+ odds |
| Ladbrokes | £20 | Deposit & bet £5+ at 1/2+ odds |
As you can see, Betway‘s offer is competitive, although some rivals do offer a higher maximum free bet amount. However, Betway‘s minimum deposit and qualifying bet requirements are lower than most.
FAQs on Betway‘s Free Bet Offer
Here are answers to some commonly asked questions about unlocking and using Betway‘s welcome bonus:
Do free bet winnings withdraw to cash? Yes, any winnings from the free bet will be paid out in withdrawable cash to your account.
Can I combine the free bet with other promos? Usually not – most bookies don‘t allow using free bets with other offers. Check Betway‘s terms.
What happens if my qualifying bet loses? Don‘t worry, you‘ll still get the free bet. The qualifying bet result doesn‘t impact bonus eligibility.
How long do I have to use the free bet? Betway free bets expire 7 days after being credited, so make sure to use it within a week.
Can I cash out the free bet? No, cashing out is not available when you place a free bet. You will have to let it run and settle normally.
Conclusion
Claiming your Betway free bet welcome offer is simple – just open an account, deposit and bet £10+ at minimum odds, and you‘ll get £10 in free bets. Use the full £10 free bet at high odds on a market of your choice to maximize your winnings. Refer to Betway‘s terms or contact their support if you have any other questions. Happy betting!
