What are Flexi Bonuses & Free Bets?
Flexi Bonuses – Flexi Bonus is our name for the way in which our new bonus system works and allows you to withdraw your cash balance at any time. It works on a principle we call *Bonus to Cash ratio* (BCR). BCR is the percentage split between your total cash balance and your current bonus balance.
Free Bets – Free Bets are given to customers to wager on any sports. Winnings will be paid into your cash balance minus the initial Free Bet amount and are not subject to any additional wagering requirements.
How does the Flexi Bonus work?
When you have an active Flexi Bonus and place a bet, the amount you bet will come from your cash balance and your bonus balance at your BCR ratio at the time of the wager being placed. Winnings are also allocated back to your cash and bonus balance in the same ratio as they were placed.
Are there wagering requirements on my bonus?
Welcome Bonus - to withdraw any bonus and any associated winnings you must wager an amount equal to 10 x the amount of the bonus awarded.
Different odds contribute different amounts towards these wagering requirements. Wagering requirements apply to bonus money but not to Free Bets. See below for our easy guide to wagering requirements.
When can I withdraw my cash balance?
That’s the best thing about our bonuses, you can withdraw your cash balance at any time! All that happens is you forfeit your current bonus balance at the time of withdrawal. If you don’t want to lose your bonus, simple carry on wagering until you have met the applicable wagering requirements. But remember your cash balance is yours whenever you want it.
Do I have to take a bonus?
Of course not! Every bonus we offer is optional and you will need to ‘opt in’ which means you must confirm that you want it before we award it. If you change your mind after you have opted in, contact support who will happily remove it for you whether you have started playing or not.
How do Free Bets work?
There are no wagering requirements on your Free Bets. Winnings will be paid into your cash balance minus the initial free bet amount and are not subject to any additional wagering requirements. Please see the ‘Free Bet General Terms’ section in ‘Flexi Bonus General Terms and Conditions’ below for more details.
Betway offers all new customers a Sports Welcome Bonus. If you opt in, you will get a 100% matched bonus up to $200 based on your first deposit.
Example 1: Make a 1st deposit of $50 and you will receive a $50 bonus.
Example 2: Make a 1st deposit of $200 and you will receive a $200 bonus.
Example 3: Make a 1st deposit of $300 and you will receive a $200 bonus.
|Contribution %||If you wagered $100 what would it contribute||Sports Bets|
|100%||$100||All single line sports bets placed at odds of 1.75 or higher.|
All Each-Way bets which have the place part of the bet at odds of 1.40 or higher
All system bets which have each selection at odds of 1.40 or higher
|20%||$20||All single line sports bets at odds between 1.3 and 1.74|
|0%||$0||All single line sports bets placed at odds of 1.29 or less.|
All Each-Way bets which have the place part of the bet at odds of less than 1.40
All system bets which have at least one selection at odds of less than 1.40
Customers can also wager their welcome bonus on Casino. Different games contribute different amounts:
|Contribution %||If you wagered $100 what would it contribute||Games|
|20%||$20||Slots and Parlor Games|
|2.5%||$2.50||All Table Pokers, all Roulettes, all Video/Power Pokers (except All Aces and Jacks or Better Video/Power Pokers), all Blackjacks (except Classic Blackjack), Casino War and Live Money Wheel (Dream Catcher).|
|0%||$0||(excluded games) – Classic Blackjack, All Aces Video/Power Pokers, Jacks or Better Video/Power Pokers, all Baccarats, all Craps, Red Dog and Sic Bo|
Please see the ‘Flexi Bonus Wagering Contributions’ section in ‘Flexi Bonus General Terms and Conditions’ below for more details.
Betway considers all the above Terms to be fair. Should you require any clarification or advice regarding these Terms, please contact Customer Support.
02/02/2021, 12:30 ET