First Deposit Bonus
Betway offers 1 first deposit bonus. The bonus is automatically assigned when you make your first deposit.
|200% up to €750||100LP / 1.5$ bonus||15%||60 days||100 chunks||-|
The Betway bonus system is based on Loyalty Points (LPs). You receive 10 LPs per $1 rake. All VIP calculations are made in $, but payments are in the currency of your account. Daily exchange rates are applied where needed.
Betway bonus details
Bonus amount – The bonus amount is 200% of your deposit, up to a maximum of €750. For example, if you deposit €200, you will receive a €400 bonus. Maximum bonus money in each currency: 750 AUD/CAD/EUR/GBP/USD – 18750 CZK – 3000 PLN – 18750 RUB – 7500 DKK/NOK/SEK.
Bonus clearing – The Betway bonus is cleared by generating 100 LPs per 1.5$ bonus money. Since you receive 10 LPs per 1$ rake, this comes down to €10 rake for every €1.5 the bonus is worth. For example, to clear the full €750 bonus, you need to generate €5000 rake. You can track the bonus releasing progress in the Betway poker client.
15% rakeback – The Betway bonus is equivalent to receiving 15% rakeback: You receive €1.5 for every €10 rake. On top of the bonus, 30% extra rakeback can be earned in the Betway loyalty program.
Chunks – The bonus is released in 100 chunks, each chunk is 1% of the full bonus amount. As soon as you generate enough rake for one part of the bonus, you will receive the bonus money on your account. To receive the full bonus amount, you need to generate the required rake within 60 days after entering the bonus code.
Betway has a loyalty program where you can earn up to 30% cashback. The loyalty program is based on Loyalty Points (LP).
You receive 10 LPs for every dollar payed in rake or entry fee. Rake is taken in the currency of your account, but the loyalty points are calculated in USD. Current exchange rates are applied.
|Level||Requirement LP||Requirement Rake||Cashback|
|Blue||0 LP||0$ / month||0%|
|Bronze||250 LP||25$ / month||10%|
|Silver||750 LP||75$ / month||15%|
|Gold||1500 LP||150$ / month||22%|
|Black||2000 LP||200$ / month||30%|
You can combine a bonus with Betway cashback.
When you open an account at Betway, you are automatically enrolled for cashback. You do not need to sign up for the program.
Betway cashback details
You can convert 300 loyalty points into $10 cash, this is the minimum amount. The amount of loyalty points that can be converted depends on your current loyalty Level, so that it matches the cashback percentage. Loyalty points that can’t be exchanged for cash can be used to buy certain multi-table tournament tickets at a ratio of 100 loyalty points for every 1USD buy-in (=10% rakeback).
For example, if you have 30% cashback, you need to earn 333 LPs (=$33.3 rake) in order to convert 300 LPs into $10 cash. $10 is 30% of your $33.3 rake. The remaining 33 LPs can’t be converted into cash but can be used to buy tournament tickets.
Second example, if you have 10% cashback, you need to collect 1000 LPs (=$100 rake) in order to convert 300 LPs into $10 cash. $10 is 10% of your $100 rake. The remaining 700 LPs can’t be converted into cash but can be used to buy tournament tickets.
The exchange can be made directly in the Betway poker client. You can choose when you convert your loyalty points (e.g. you can wait to move up a level). Note that your Loyalty Points will expire after 180 days from the date earned.