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. 

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.

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:

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 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.

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.

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. 

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:

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. 

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.

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. 

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

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.

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 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 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.

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.

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:

• Responsible Gambling
• Gamblers Anonymous
• Centre for Addiction and Mental Health
• 1-800-GAMBLER