Betway New Jersey Promo Code for August 2022

$1,000 Back on First Bet Using Betway Promo Link

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The Betway app is a well-known sportsbook overseas, but it’s quickly gaining traction in the US. Betway, based in Malta, has enjoyed high market penetration throughout Europe. In addition to the UK, Betway operates in Belgium, Denmark, Ireland, Italy, Spain, and Sweden. It also provides gambling services in Mexico.

The company has established a foothold in the US, and in 2022, the Betway app is available in New Jersey, Iowa, Colorado, Indiana, and Pennsylvania. New users can receive 50% of their first wager back if the bet loses.

The Betway app’s most notable features include early cash out as well as the ability to add bets to an existing wager to turn a single-game bet into a parlay. It also offers competitive odds, convenient payment options, and availability via iOS app, Android app, and web browser.

The Betway promo code can be utilized via any available platform and applies to all deposit methods.

Betway Promo Code August 2022 

Grade: 4.0/5.0

The Betway Sportsbook promo code is good for a 50% refund (in the form of site credits) if your first bet loses, up to $1,000. Most operators offer 100% back for such a promotion. New Jersey bettors usually prefer a deposit-match bonus over a risk-free bet as well.

Betway Sportsbook Promo CodeTBA. See Offers from Top Betting apps here.
Type of Bonus, NJ & PA50% refund up to $1,000 if your first bet loses
Terms and Conditions$10 minimum deposit required. Lost bet refunded as a single free bet of equal value. Odds must be -300 or longer.
States Available InNew Jersey, Colorado, Indiana, Iowa, Pennsylvania
Promo Code VerifiedAugust 2022

Betway Sportsbook Promotions

Beyond the introductory Betway Sportsbook promo code, additional Betway Sportsbook promotions are fairly limited as well. It does regularly offer some potentially lucrative enhanced odds, but not much more than that.

If the Betway Sportsbook promotions improve in the wake of the New Jersey launch, this section will be updated accordingly.

Betway Online Sportsbook Features

Grade: 5.0/5.0

The Betway Sportsbook betting markets vary based on state regulations, but it offers a massive list of events compared to most other sportsbooks. You can find all major league sports, individual sports, and NCAA basketball, football, and baseball available on the Betway app. But it goes far beyond the standard options, with a huge number of more obscure sports that should satisfy any type of bettor.

All Betway Sportsbook Betting Markets

Within each available sport, Betway offers several types of bets, including moneyline, spread, futures, parlays, and prop bets. It also has a strong live betting section that includes both major league sports as well as more niche options like table tennis.

Here is the complete list of the sports available for betting at Betway Sportsbook New Jersey:

  • Athletics
  • Aussie Rules
  • Badminton
  • Baseball
  • Basketball
  • Beach Volleyball
  • Boxing
  • Canoeing
  • Climbing
  • Cricket
  • Cycling
  • Darts
  • eSports
  • Equestrian
  • Fencing
  • Field Hockey
  • Football
  • Golf
  • Gymnastics
  • Handball
  • Hockey
  • Judo
  • Karate
  • MMA
  • Motor Racing
  • Olympics
  • Rugby League
  • Rugby Union
  • Shooting
  • Skateboarding
  • Snooker & Pool
  • Soccer
  • Sports
  • Swimming
  • Table Tennis
  • Tennis
  • Volleyball
  • Water Polo
  • Weightlifting
  • Wrestling

Betway New Jersey One-Game Parlay

You can utilize the impressive list of Betway Sportsbook betting markets to create countless one-game parlays, which is only available at a few other US online sportsbooks. This feature allows you to select various bets on the same game and parlay them into one overall wager.

“Add To Bet” Feature On The Betway App

If you’ve locked in a single bet but then decide you want to parlay it, Betway offers bettors the unique ability to add additional wagers to that bet after the fact. This is highly useful for those who want to maximize their win potential without the hassle of trying to cancel and re-place a bet.

Early Cashout At Betway Sportsbook

If you’re not feeling good about your wager anymore after the game is underway, you can cash out early to retain part of your wager. This is a popular strategy on the Betway app for minimizing losses that bettors may see coming ahead of time.

Quality Of The Lines At Betway Sportsbook New Jersey

Grade: 5.0/5.0

The Betway lines are competitive, often matching or beating competing sportsbooks in New Jersey. However, odds are constantly shifting, so bettors need to have a few sportsbooks in their pocket if they want to secure the best odds every time. Here’s why New Jersey bettors should have a Betway account.

How Point Spreads And Over/Unders Work

Point spreads and over/unders are usually similar across sportsbooks. But some sportsbooks may move the spreads and over/unders before the other books follow. Bettors who bet the over or the underdog want the largest number possible while bettors who wager on the favorite and under want the smallest number. +2.5 is better than +2 for underdog and over bettors while -2.5 is better than -2 for favorite and under bettors.

Let’s use New Jersey’s favorite baseball team, the Philadelphia Phillies (according to The Active Times), as an example. All legal US sportsbooks have MLB run lines. Here’s how the Betway lines stack up against other major sportsbook brands:

 Betway Run LineFanDuel Run LineBetRivers Run LineBetMGM Run Line
PHI Phillies-1.5 (+120)-1.5 (+116)-1.5 (+108)-1.5 (+110)
PIT Pirates+1.5 (-140)+1.5 (-140)+1.5 (-137)+1.5 (-135)

The run lines are the same across these four books. So, it comes down to who has the highest odds. If you wanted to bet on Philadelphia, then Betway would be your top option. If you preferred to bet on Pittsburgh, then BetRivers and BetMGM offer better odds.

Because of this level of competitiveness, Betway should be one of the sportsbooks New Jersey bettors include in their rotations.

How To Find The Best Moneyline Odds

Moneyline odds are among the easiest to compare. All that bettors are looking for are the highest odds. They don’t have to worry about margins of victory or anything else besides the winner and the loser. Here’s a selection of 30 and 20-cent baseball lines to compare:

Cleveland Guardians +160+155+165
New York Yankees-190-190-185

Here, Caesars has the best odds on the Guardians and the Yankees. That’s because it offers a 20-cent line while Betway offers a 30-cent line. The “cent” refers to the difference between the underdog and favorite odds. For example, 10-cent lines offer better odds than 20-cent lines.

This is the kind of comparison that bettors should get used to making. The best they can hope for from a sportsbook is that it’ll be among a list of competitive choices. The small differences in odds add up over a lifetime of betting. So, these small differences shouldn’t be dismissed.

Does Betway New Jersey Have The Best Futures Odds?

There are two ways to decide whether a book’s futures odds are competitive. The first is to measure a book’s theoretical hold. The theoretical hold is the percentage of money a sportsbook expects to keep from its futures bets. A lower theoretical hold means better odds overall for bettors and vice versa.

However, this just lets bettors dismiss outrageously underpriced books. For competitive brands like Betway, bettors still have to shop line by line. Here’s an example of 2022 NBA futures:

 Betway Caesars
NBA Futures Theoretical Hold11.93%13.38%
Boston Celtics Odds+400+380

Caesars has a higher theoretical hold than Betway, but the difference is small enough that their odds are similar. For example, Betway has better odds on the Celtics than Caesars does. Large differences in theoretical hold are cause for concern. Small differences in theoretical hold mean that bettors are back to odds shopping.

Betway Sportsbook App  

Grade: 4.0/5.0

The Betway mobile betting app has mixed reviews that lean slightly favorable. For example, the Betway Pennsylvania mobile betting app has a 3.2 out of 5.0 rating. However, the poor reviews are largely targeting the online casino section. In our experience, the sports betting is reliable and offers all the options on mobile that are offered on desktop.

Betway iOS App

Like BetRivers, the Betway mobile betting app for iOS is separated by state, which is less than ideal. The most convenient platforms make the same app available to all states that license the sportsbook.

So if you’re betting in New Jersey, make sure to search for the Betway New Jersey app in Apple’s App Store. The Colorado, Pennsylvania, and Indiana versions won’t work in the Garden State.

Betway Android App

For Android devices, the Betway mobile betting app is not available in the Google Play Store. Instead, you’ll need to visit the Betway US website, select your state, then download the app directly from the website. You’ll need to enable third-party app downloads to do so. 

Betway Sportsbook Site

Rather than download the app, you can simply visit the Betway US website and login there via web browser. This is an option for booth computers and mobile devices.

How To Download The Betway App And Ease Of Use

Grade: 4.5/5.0

Most sports bettors will find it relatively easy to locate and download the Betway app, join the sportsbook, and utilize the Betway promo code. However, it’s slightly more difficult than sports betting apps like BetMGM and DraftKings, which have one sportsbook app rather than one for each individual state.

To use the Betway promo code via app, follow these steps:

  1. Find the app in the App Store or download the Android app directly from the Betway US website (detailed in the section above).
  2. Click the “join now” button to create an account. Details you’ll need to provide include your email, phone number, address, and the last four digits of your SSN to verify your identity. You’ll also need to create a unique password.
  3. Provide your Betway promo code, or simply don’t opt-out of the offer if it’s automatically applied. Terms and conditions apply.
  4. Verify your email using the Betway message sent to your inbox to complete registration.
  5. Deposit at least $10, which is the minimum needed to qualify for the Betway promo code.
  6. Select the bet you want to place and type in the amount you want to wager for your risk-free bet. Note that the minimum odds for the Betway promo code is -300.
  7. If your bet loses, you’ll receive your wager back in betting credits. If your bet wins, you can withdraw using one of the available methods, such as PayPal or bank transfer, or leave the funds in your account for more betting.

Availability Of The Betway App

Grade: 4.0/5.0

Betway New Jersey launched in August 2021 and is also available in Colorado, Iowa, Pennsylvania, and Indiana. That’s a fairly small number of available options compared to big names like BetMGM, DraftKings, FanDuel, and BetRivers, which are available in most states with legal online sports betting.

Betway plans to launch in ten states in total across the US, but it just began spreading across the US last year. Betway Indiana launched in May 2021 while Betway Pennsylvania and Betway Colorado launched in June 2021.

As it stands, it’s hard to say just how Betway will develop over the coming months and years. It has room for improvement in the promotions department, but it offers extremely competitive odds and a massive market depth, making it a serious competitor. And if it launches in six more states, it’ll be among the most accessible online sportsbooks in the US.

But for now, time will tell.

Betway Casino is also available online in Pennsylvania, but it won’t launch in New Jersey alongside the sports betting app. However, it’s likely that Betway New Jersey Casino is around the corner given New Jersey’s robust legal online casino market.

Betway Review – Overall Score

Grade: 4.25/5.0

The Betway Sportsbook app is fairly new in the US, but that doesn’t mean we’re going to be generous with our Betway Sportsbook review. Stacked up against all the other online sports betting options in New Jersey and around the country, the Betway Sportsbook app isn’t among the very strongest. However, it does often have odds that beat out the best platform, and good odds are the number one reason to place a sports bet. Plus, the Betway Sportsbook review of its features highlighted its one-game parlay, early cashout, and “Add A Bet” options, all of which are welcome additions to any sports betting app.

Why You’ll Like Betway Sportsbook

  • Great odds
  • Huge market depth
  • Unique sports betting features

What Could Be Improved

  • Betway New Jersey promo code offers a mediocre welcome bonus
  • Different apps for each state is a bit of a pain
  • Low rating on apps means the Betway app can be unreliable

Betway App Review

Deposit And Withdrawal Options At Betway

The Betway deposit methods include the following options:

  • Credit/Debit Card: Betway accepts Visa and MasterCard deposits. However, the issuing bank often rejects online betting transactions in the US, and credit card deposits will usually count as a cash advance charge. We recommend using one of the best ways to deposit at a sportsbook instead.
  • VIP Preferred E-Check: VIP Preferred E-Check is a way to transfer money directly from your checking account into your Betway app account.
  • Betway Play+ Card: Betway partnered with Play+ to offer prepaid cards, which can be immediately used online to deposit into your Betway account as well as available as a physical card for purchases at retail stores.
  • PayPal: Arguably the best deposit method, PayPal offers fee-free instant deposits for most online sports betting apps, including Betway.
  • PayNearMe: You can pay with cash at participating retail chains, such as CVS and Walmart, for deposits to your Betway account.

For withdrawals, here are the Betway cashout methods:

  • VIP Preferred E-Check: If you want your winnings to go straight to your checking account, VIP Preferred E-Check is a great way to do it, and it’s even easier and faster than cashing a physical check.
  • PayPal: Many bettors use PayPal to organize their betting finances, as it’s a highly trusted e-wallet available for both deposits and withdrawals at Betway.
  • Betway Play+ Card: You can use your prepaid Betway card for deposits, withdrawals, online shopping, bank transfer, and retail shopping.

Betway Customer Support

Betway customer support is available 24 hours per day via online chat. You can also reach out to their team via email to receive a response within about a day. Click the “contact us” link on the website or app for all Betway FAQs as well as to talk to a service rep.

Betway Licensing

In the US, Betway is licensed in the following states: 

  • New Jersey: The Garden State is the most recent addition to Betway’s market access. The Betway New Jersey app received approval to launch from the New Jersey Division of Gaming Enforcement in August 2021.
  • Pennsylvania: Betway Pennsylvania offers both sports betting and casino gaming after receiving approval from the Pennsylvania Gaming Control Board in June 2021.
  • Colorado: Betway Colorado Sportsbook launched in May 2021 after approval from the Colorado Limited Gaming Control Commission, a division of the Colorado Department of Revenue. Bettors in Colorado get a better bonus offer – a $500 risk-free bet.
  • Indiana: Betway Indiana was licensed by the Indiana Gaming Commission in June 2021, available to anyone over 21 within state lines.
  • Iowa: Betway Iowa launched in the state on October 21, 2021. Betway Iowa is licensed by the Iowa Racing & Gaming Commission.

FAQs - Betway New Jersey Mobile App Review

Is there a Betway Casino app? 

Yes, the Betway Casino app is available in Pennsylvania, and New Jersey. Another state expected to get the Betway Casino app is Michigan, where Betway will also offer sports betting. Betway Sportsbook is available without casino gaming in Colorado, Iowa, and Indiana. 

How does geolocation technology work when downloading the Betway app?

The Betway app only needs to know your location when using the app to ensure you’re in a licensed state. Betway holds a license in New Jersey, Indiana, Iowa, Pennsylvania, and Colorado, so you must have geolocation technology enabled and be within state lines to place a bet.

What is the Betway promo code for new players?

In New Jersey and Pennsylvania, the welcome offer for new users is 50% of your first wager refunded if the bet loses, up to $1,000.

Colorado bettors can claim up to a $500 risk-free bet. New members can receive their bet back as a free bet of equal value if the first wager loses. A deposit of at least $10 is required to qualify for the Betway promo code. Minimum odds is -300. Additional terms and conditions apply.

Is it safe to use the Betway Sportsbook app?

Yes, Betway is a legitimate company that offers state-of-the-art security. It is licensed in four US states, each of which strictly enforce rules and regulations geared toward protecting players. No internet transaction is 100% secure, but wagering at Betway is just as safe as doing a bank transaction or purchasing clothing online.

About the Author
Mike Epifani

Mike Epifani

Writer and Contributor
Mike Epifani is an experienced online gambling writer who specializes in online casinos and sports betting sites. From the nuances of bonus offers to winning strategies, his insights have helped countless bettors keep more of their money while having fun and staying safe.

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