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Betway Promo Code January 2026: Claim up to a $200 First Bet Refund

Betway Sportsbook Canada is ready to welcome you to its sports wagering experience with an exciting welcome bonus. You don't need a Betway promo code to claim a $200 first bet refund and 20 free spins

Start your betting path at Betway with a bonus bet of up to $200 if your qualifying bet loses. 

Betway promo code Canada: Up to $200 in free bets + 20 bonus spins

As one of the preeminent brands among Canadian sportsbooks, Betway has a lot to like about its overall product, but also many important terms and conditions to dissect. Our Betway bonus review has everything you need to know about the site — its bonuses, sign-up process, and how to take advantage of everything the brand has to offer.

Note: This Betway bonus offer is not available in Ontario.

Active Betway bonus code and promotions in January 2026

Betway sign-up offer 🎁 Bonus details 💰 Promo code ⭐
🏟️ Betway Sportsbook welcome bonus Up to $200 free bet + 20 bonus spins OR $300 deposit match + 50 bonus spins N/A
🎰 Betway Casino welcome bonus 100% deposit match up to $1,000 + 50 bonus spins N/A

If you sign up for a new Betway Sportsbook or Betway Casino account, you become eligible for a competitive welcome bonus at one of the top betting sites in Canada. Betway is greeting new Canadian users with a $200 sports bet, plus 20 bonus spins or a $300 deposit match, plus 50 bonus spins. It’s extra wagering capital for new users trying the Betway experience on for size.

For me, it was a no-brainer to pick the bet insurance offer. There were no wagering requirements, and the insurance policy gave me the confidence to place my qualifying bet, knowing it was a win-win scenario. If the $300 deposit match is more your style, keep in mind there is a 10x wagering requirement with a minimum odds requirement of 1.75. 

By signing up through one of the links on this page, or by simply visiting Betway or SI.com, you can also claim a slew of additional promotions offered by the site. If you have an existing account and are signed in to Betway, hit the “Promotions” tab to view such offers as:

Betway promotions for existing users 🎁 Bonus details 💰
🎯 Parlay club Bonus bets can be earned by placing a $25 wager on a three-leg (or more) parlay.
🏈 NFL boosts Click the “Betway Boost” tab for extra value on NFL and other major sports bets.
⚽️ Parlay insurance If one leg of your parlay bet misses, you get your money back in bonus bets.
✌️ Double winnings bonus Pick the first scorer in an NFL, NBA, or NHL game, and if that player scores again, you could double your payout.
⚫ NHL parlay boost and double winnings Betway will provide users with pre-determined monoeyline or player prop parlays with boosted odds. 

It is nice to see that Betway takes care of its customers with a generous Betway promo code and backs it up with a host of seasonal promotions to reward users for staying active on the site. Veteran gamblers like myself appreciate a sportsbook that works to retain me. 

Betway free bet refund: offer summary

💰 Exclusive Betway bonus Up to $200 free bet + 20 bonus spins
✌️ Secondary welcome bonus $300 deposit match + 50 bonus spins
📟 Betway promo code Applied automatically
🎁 Bonus type First bet insurance
💸 Minimum deposit $10
💵 Playthrough requirement No wagering requirements
📊 Minimum odds No odds restrictions
🎰 Eligible bet types All
✅ Last verified by SI January 2026
⌚ Expiry date 7 days after registration

Betway bonus: terms and conditions

The terms and conditions for the Betway welcome bonus make it simple to claim, use, and withdraw. Claiming the up to $200 free bet + 20 bonus spins offer is easy for Canadians, as is putting it into action.

  • Players must be at least 18 years of age register and place bets at Betway.com
  • Choose up to $200 free bet + 20 bonus spins option during the signup process. 
  • Make a minimum deposit of $10.
  • Make your first Betway wager.
  • If you suffer an unfortunate loss with that initial wager, Betway will return the stake of that bet to a maximum of $200 to use toward a bonus bet.
  • That first bet automatically triggers 20 free spins in the Betway casino on 12 Masks of Fire Drums.
  • Returned funds will be credited to your account within 60 minutes and will be issued as a free bet, which cannot be cashed out. Winnings from that free bet, however, are redeemable.
  • Bonus bet expires seven days after registration of the account.

How to claim the Betway welcome bonus in Canada: step-by-step guide

Claiming the Betway welcome bonus is quick and simple, with no Betway promo code needed in Canada. All it requires is a few minutes of your time and some general personal information during a quick registration process.

1. Visit Betway.com and download the Betway app

Download the Betway Sportsbook app from the App Store for iOS users or Google Play for those with an Android device. Next, click any of the links on this page to claim the Betway welcome bonus. 

2. Pick your bonus

Betway gives users the option to choose their bonus, whether for the online casino or the sportsbook. For the sportsbook, Betway offers both a free bet and a deposit match option.

3. Enter personal information

Basic registration details are required, including a username and password, an email address, name, date of birth, and address. At this time, users can set their responsible gambling limits.

4. Make a deposit

After you agree to the terms and conditions, you will head to the cashier to make your initial deposit. Select your preferred payment method, make a minimum $10 deposit, and unlock the welcome bonus. When I made my first deposit on Betway, I used my Visa debit card, and the deposit was instant, with no fees attached.

5. Place a bet

Scan the Betway menu of betting options and commence the creation of a bet slip for your first bet. Note that the Betway welcome promotion will provide free bet insurance up to $200. If you win your qualifying bet, the free bet will not be granted. If you lose, Betway will return the stake of that initial wager up to $200 for you to use with a follow-up wager.

How we rate the Betway promo code offer

I didn't find the Betway promo code offer to be the most flashy option, but I did find it competitive, and I appreciate how the company seems to focus on incentivizing current users.

The Betway welcome bonus and ongoing promotions are a strength of the Betway site, providing value for novice and experienced sports bettors alike.

  • Simplicity 5/5 ⭐ – There is no promo code needed, so it doesn’t get simpler than that. The promotions tab is easy to access, and there is a nice variety of bonuses.
  • Value 4/5 ⭐ – Despite not having a huge Betway sportsbook welcome offer, there is still value with the signup bonus. Ongoing promotions have Betway approaching a 5, but still at 4.
  • Terms 5/5 ⭐ – Betway Canada offers familiar, industry-standard terms. And with no wagering requirement needed for the free bet, this makes it easy for novice bettors to claim and wager with confidence.
  • Other promotions 5/5 ⭐ – From daily bonuses to boosts to parlay insurance options, Betway does a good job of covering all the bases.
  • Overall bonus rating 4.8/5 ⭐ – Even with a slightly underwhelming welcome bonus, the Betway promo code is one of the best betting offers available to Canadians. 

You can find out more about how we rate sportsbooks and promotions in Canada, the U.S., and other areas around the world. 

What to use your Betway bonus on this week

Betway Sportsbook has no shortage of exciting action for you to use your bonus on this week. Three of the four major North American sports are in full swing, with the NFL playoffs providing incredible pigskin action.

Check out SI’s betting picks and predictions to assist bettors in getting the most out of their Betway bonus bucks. Here is a look at a few:

Event 🏆 Date 📅
🎾 ATP/WTA Australian Open Saturday, Jan. 17 - Sunday, Feb. 1
🏒 Anaheim Ducks at Edmonton Oilers Monday, Jan. 26
🏒 Buffalo Sabres at Toronto Maple Leafs Tuesday, Jan. 27
🏒 Vegas Golden Knights at Montreal Canadiens Tuesday, Jan. 27
🏒 San Jose Sharks at Vancouver Canucks Tuesday, Jan. 27
🏒 Colorado Avalanche at Ottawa Senators Wednesday, Jan. 28
🏀 New York Knicks at Toronto Raptors Wednesday, Jan. 28
⛳️ Farmers Insurance Open Thursday, Jan. 29 - Sunday, Feb. 1
🏒 Winnipeg Jets at Tampa Bay Lightning Thursday, Jan. 29
🏒 Calgary Flames at Minnesota Wild Thursday, Jan. 29
🏒 San Jose Sharks at Edmonton Oilers Thursday, Jan. 29
🏒 Toronto Maple Leafs at Seattle Kraken  Thursday, Jan. 29

How to get the most out of your Betway bonus in Canada

Getting the most out of the Betway bonus is up to the user. Because no Betway promo code is required, users automatically gain the $200 free bet plus 20 bonus spins offer during registration if their qualifying wager losses. It is up to you how to use it. Deposit big and go big? Or play it safe? It's important to keep in mind:

  • A $10 minimum deposit is required in order to claim the free bet.
  • The offer is only valid for 7 days after registration.
  • Any winnings made from your free bet will be paid out as cash with no wagering requirements.

The $200 bet insurance means you have to make a wager, so it is advised that you be informed about that wager and make a smart bet about a sport that you are familiar with. When I was searching for what to place my qualifying bet on, I came across Betway's extensive NHL markets and placed it on a Connor McDavid shots-on-goal prop bet.

It ended up missing, so I had a free bet credited to my account within 45 minutes of the qualifying bet settling. I then tested my luck with a safer, straight-up moneyline wager the next day, and I succeeded. I bet $200 on the Ottawa Senators to take care of business at home against the lowly Vancouver Canucks at -125 odds. The Sens won 2-1, and I earned a $160 bonus bet, while Betway kept the $200 that was staked. 

Pros and cons of the Betway sign-up bonus

The Betway welcome bonus may not be the most generous in the Canadian market, but it does have its perks. 

While the upfront boost may not be as noticeable as with some other promotions, the lack of wagering requirements and the reassurance of getting your first bet loss back offer real peace of mind.

Pros Cons
✅ Free bet insurance option with your first Betway sportsbook wager. ✖ Welcome bonus could be more generous.
✅ Easy, established signup and banking policies. ✖ No customer support over the phone.
✅ Pleasant, modern, user-friendly interface.
✅ Healthy ongoing promos like parlay insurance and odds boosts.

How Betway’s welcome bonus compares to others

With zero wagering requirements, the Betway welcome bonus stands out as one of the top sportsbook offers in Canada. That said, if you're an experienced gambler who's looking at sheer bonus amount, you may find Stake's welcome offer more fruitful than Betway's.

The main difference with Stake's welcome offer is the massive 40x playthrough requirement to fulfill the whole bonus amount. I would recommend Betway's free bet refund welcome offer to more novice Canadian sports bettors who don't plan on gambling thousands of dollars at a time. 

Unlike most sportsbooks that offer deposit match welcome bonuses, Betway's new customer deal is a bet insurance offer. This means new users can make a qualifying wager with complete confidence, knowing it's a win-win. 

Betway bet365 Stake ToonieBet TonyBet
💰 Welcome offer $200 first bet refund or $300 deposit match Bet $10, get $50 win or lose or $1,000 First Bet Insurance 200% deposit match up to $3,000 Up to $150 in bonus bets $350 deposit match
⭐ Promo code N/A SI365 SICOM N/A SIBONUS
🎁 Bonus type Bet insurance Bet and get Deposit match Deposit match Deposit match
💸 Minimum deposit $10 $10 $10 $30 $15
⏳ Days to use 7 7 30 30 7
Bonus overview - bet365 bonus code Canada Stake promo code Canada ToonieBet promo code Canada TonyBet promo code Canada

Check out our Alberta sports betting sites page for a thorough look at the top sportsbooks  in the Wild Rose Country.

Title Icon SI Betting Expert Analysis

I don't love sportsbook bonuses with complex terms and conditions or high playthrough requirements. I'm old-fashioned, I see a line or market I believe in, then I'll bet on it. The Betway free bet refund was perfect for me because I knew I'd either win my qualifying wager and it would be business as usual, or lose it and receive a free bet refund. 

-Kyle Collis, Betting Analyst

Why claim the Betway bonus for new customers?

Betway sportsbook has been a trusted global name in sports betting since 2006. It has the experience and the backing to make it a top sports betting destination for new and seasoned gamblers alike. Betway is licensed and regulated by the Malta Gaming Authority, one of the most valued gaming regulators in the world. 

From the competitive betting lines to the huge range of sports betting markets, which currently sits around 30 (hockey, football, basketball, soccer, tennis, and niche sports like greyhounds, beach volleyball, and Esports included), livestreaming options, and top-tier customer service, there isn’t a whole lot not to like about Betway Canada.

Betway’s mobile app is also one of the best sports betting apps in Canada. It delivers a smooth, reliable sportsbook experience built for betting on the go, something I always find myself doing.

The interface is clean and easy to navigate, making it simple to find upcoming games, browse markets, and place bets quickly without feeling buried in menus. I also like that the basics — logging in, funding my account, and managing withdrawals — are easy to handle in a few taps, so the app stays focused on what I’m there to do: get a bet in fast and follow it live.

Title Icon SI Betting Expert Analysis

I claimed the Betway free bet refund offer because it took the edge off my first wager and let me try the sportsbook with little to no risk. I knew going into making my qualifying wager that if my first bet didn’t hit, getting that stake back as a free bet would feel like a built-in safety net; it would give me another shot without having to dip back into my own bankroll right away. It also made it easier for me to explore different markets or bet types with a bit more confidence, since I’m not starting from zero if things don’t go my way.

-Ryan Hagen, Betting Analyst

Key features

🏒 Great NHL player prop odds

💵 10% cash back on weekly losses

🏟️ Bet on 30+ sports

📱 Optimized mobile app

What is Betway best for?

Betway Sportsbook stands out as having the best sports coverage in Canada.

You’ll usually find a deep lineup of sports and competitions, from headline leagues and international tournaments to smaller matchups that many platforms overlook. What keeps me engaged is the depth of markets: beyond basic win/lose, I can look at totals, player props, and specials, and live options tend to move quickly with the action.

My go-to NHL prop is player shots on goal, and Betway's market coverage is the best I've seen in my sports betting experience. You can bet Over/Under shots on third and fourth line players like Charlie Coyle of the Columbus Blue Jackets, whereas other operators like FanDuel only offer shots on goal props for the top line players. 

I also appreciate how easy the app is to navigate. When I'm trying to catch a late lineup change or jump into a live bet, I don't want to dig through cluttered menus. The Betway app updates in real time, so if you're live betting an NHL game, you won't have to exit the NHL catalog. 

Customer reviews

"I've been using this app for a good 2 years now and haven't had any problems with depositing money or withdrawing money. Customer service is very helpful with whatever problems you may come across. All in all, I really have no complaints. If you want a trusted betting app for sports, gambling ect, this is the one!" - Tank, App Store review

"I think it's the best of all the betting apps with an excellent layout, easy to use, good info, the screen isn't cluttered up with adverts and offers, and it offers quick payments." - David, Google Play Store review

Betway promotions for existing users in Canada

Betway does a good job at keeping users engaged with ongoing promotions, beyond the Betway Canada promo code offer. It also does a good job of keeping ongoing promotions fresh. Be sure to check with the promotions tab for any extra value you can claim on the site.

Parlay club

You can earn bonus bets simply by placing a $25 three-or-more leg wager with minimum odds of at least 3.00.

Sports boosts

Betway offers up-to-date odds boosts across all of North America’s major sports. This includes NFL player props, NHL moneylines, or soccer combination parlays.

Bet builder+

Combine a same-game parlay bet builder with additional selections from other matches into one parlay with enhanced odds.

Double winnings bonus

Place a qualifying bet on an eligible market and Betway pays your normal winnings plus an extra amount to “double” the winnings—usually capped and often credited as a free bet/bonus rather than withdrawable cash.

Betway Casino bonuses and promotions

Betway offers both a popular sportsbook and a well-stocked online casino, both of which provide entertainment and value through Betway casino bonuses and promotions. 

Betway features hundreds of best-in-class slots, table games, including blackjack, roulette, and baccarat, plus more live dealer games and streaming options.

The Betway Casino bonuses and promotions differ from the sportsbook. We found the Betway casino bonus offering to be competitive and a good introduction to Betway’s secondary betting options beyond sports.

Betway Casino welcome offer: 100% Deposit Match up to $1,000 + 50 bonus spins

Betway’s casino welcome offer provides a 100% deposit match up to $1,000 and 50 bonus spins. It simply means that Betway casino will double your initial deposit, up to $1,000, plus give you 50 spins in the casino. Deposit more than $1,000, you will still only receive $1,000 in bonus funds. Terms and conditions apply.

The Betway Casino welcome offer is comparable to other operators in the market, and, according to our testing, it is a value-add perk of the Betway platform.

Live rewards club

Provides users with free bets and spins while they are engaged in live casino games.

Weekly slots club

 Spins are made available to frequent users of the Betway casino's slots options.

$50 bonus credit

Available to those playing the Lucky Numbers game in the Betway online casino.

Title Icon SI Betting Expert Analysis

I was pleasantly surprised by Betway Casino during my first use. I normally spend most of my time and resources on sports betting, but when I found out Betway Casino offered live table games like blackjack and roulette, I had to give it a try. I can confidently say I'll be a frequent Betway casino user on slow sports nights.

Geoff UlrichBetting Analyst

Customer support at Betway Canada

We were happy to see that Betway Canada offers all the most effective customer service options, except for a helpful telephone number.

Live chat is the fastest and most easily accessible support option, with email, and its social media options are satisfactory as well. For the “Do-it-yourselfer,” we were happy to see a comprehensive FAQ section on the site and an in-app Help Center tab.

🔹 Live chat: Available 24/7 🔹 Instagram: @Betwaycanada
🔹 Email: support@betway.com 🔹 X (Twitter): @BetwaySupport
🔹 Help centre: Available on site 🔹 FAQ: Available on site

Latest Betway updates and news

Jan. 21, 2026: Super Group, Betway's parent company, expects both full-year revenue and adjusted EBITDA to land within the previously stated guidance ranges of $2.17 to $2.27  billion and $555 to $565 million, respectively.

Jan. 16, 2026: Horse jockey Paul Townend becomes Betway's newest ambassador. 

Nov. 4, 2025: The CEO of multibrand iGaming operator Super Group said he expects the company to grow at a double-digit rate in Alberta once that province launches regulated online gambling.

Aug. 15, 2025: Betway announces Fabrizio Romano as their first global ambassador.

Aug. 7, 2025: Super Group, the company that owns Betway and Spin, sets a quarterly revenue record following a 30% year-over-year increase.
May 9, 2025: Betway and online casino Spin generated a combined $516.8 million in revenue and adjusted EBITDA of $11.1 million during the quarter, helping them grow year-over-year revenue by 25% during the first quarter of 2025.

Feb. 25, 2025: Super Ground raises shareholder dividends, ending 2024 with a record fourth quarter of approximately €500 million.

Betway responsible gambling tools

Betway, as an established global sports betting provider, has been mandated to have a strong focus on responsible gambling tools. We were happy to see Betway’s comprehensive set of tools and resources, including:

  • Self-assessment: A resource to help you or your family determine if there are issues with problem gambling.
  • Limits: Set deposit, wagering, and time limits that can all be added to your Betway account.
  • Session reminders: Helps track the amount of time users are spending on the site.
  • Time-outs/Self-exclusion options: Betway offers self-imposed time-outs and self-exclusion options for set timeframes, and will allow you to close your account altogether if needed.
  • Activity statements: This provides a tangible look at your daily/weekly/monthly activity on the site.

I value the effort Betway makes to help customers stay on top of their betting habits. I  request activity statements at the end of every month so I know exactly how my bets are performing. Having these safeguards in place makes it simpler for me to keep tabs on my wagers and step away for a break when I need one. 

If you or someone you know is experiencing problem gambling and needs support, there are many resources available across Canada:

Betway promo code Canada

What is the best promo offer for Betway in Canada?

The best promo offer for Betway in Canada is the up to $200 free bet + 20 bonus spins promotion. It ensures that new bettors can sample the product with a risk-free first bet. Betway also offers a secondary $300 deposit match welcome bonus for Canadians, but we prefer the first-bet refund promotion.

Does Betway offer a welcome bonus in Canada?

Yes, Betway offers a welcome bonus in Canada for both the sportsbook and the online casino. The sportsbook is currently offering a up to $200 free bet + 20 bonus spins welcome bonus, while the casino is providing a 100% deposit match up to $1,000 + 50 bonus spins welcome offer.

What are the wagering requirements for the Betway sign-up bonus?

You will be required to make a minimum $10 deposit to claim the Betway sign-up bonus. Free bets will expire 7 days after being credited, and the “stake” of that bet will not be included in any returns.

Can you withdraw the Betway bonus?

After you wager the bonus bet, only the winnings become withdrawable, excluding the bonus staked amount of your wager. 

Is there a Betway no-deposit bonus available in Canada?

No, unfortunately there isn’t any no-deposit bonus available in Canada right now. Bonuses and promotions are subject to change, so a no-deposit bonus may become available at some point. Be sure to check back with the promotions tab on the Betway home page for any updates.

Do you need a Betway promo code to claim the welcome offer?

No Betway promo code is required to claim the welcome offer. All you have to do is sign up using any of the links on this page and pick your welcome offer on the registration page. 

How does the Betway free bet work?

Your account will be credited with a free bet within 60 minutes of your qualifying wager losing. When you place your next bet the credit will automatically be applied and if that bet wins, your staked amount goes back to Betway, and the winnings becomes cash towards your account.

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