Betway Bonuses High Stakes Betting, Banking & Loyalty

Betway Bookmakers probably have one of the biggest minimum-maximum gaps in the betting market. The minimum bet that can be placed is €0.05 on the sportsbook, while the maximum is a substantial €100,000 per event. This is the kind of betting limits that will suit every punter, from the casual to the professional. It does have to be taken into consideration that to place a bet of €100,000, the customer will have to have special clearance from the Betway team and there is no guarantee that they will accept the bet. This is not a slight on Betway, it is just the way the bookmaking industry operates in general and is part of their overall risk assessment strategy.

Account restrictions and account closures are nothing new to those familiar with the bookmaking industry. Bookmakers call it risk management to protect themselves from professional gamblers. Not all professionals get their accounts closed but it can be said that it happens to most of them. As soon as the bookmaker’s risk management team see that a punter is using a winning system or has a mathematical edge, they will severely limit how much the punter can place as a bet or will close the account immediately. This can be a serious problem for a high roller that likes high limit betting. Often, big bets will have to be pre-arranged, and this will often be at reduced odds, thus taking any value that the bet had in the first place. At Betway, they have restricted accounts, but this just seems to be par for the course. Some customers have complained in online forums, but in fairness to Betway, they seem to be able to monitor these complaints and give an explanation as to why these customers were restricted in the first place.

Best Odds Guaranteed (BOG) are an assurance by betting firms that no matter what odds the punter takes on an event, they will pay the bigger odds if the odds have drifted when the event starts. For example, if a punter places a bet on a horse at odds of 4/1, 30 mins before a race starts, and the odds drift out to 6/1 before the race starts, the bookmaker will pay the punter the bigger odds of 6/1. Best Odds Guaranteed do have some restrictions. Bets usually must be placed on the day of the event and after a certain time e.g. 9 am. Any bet placed before this time on the said event is considered an ante-post bet and are subject to different betting rules. Betway does offer Best Odds Guaranteed on British & Irish horse racing but only on single or each-way bets. Bets must be placed after 9 am and on the day of the race. The minimum bet allowed at Best Odds Guaranteed is €1 or €0.50 each-way.

Betway takes customer privacy and confidentiality seriously, as they should. Like all bookmaking firms, customers must be able to trust the company to use any information that they have on a customer, in a responsible manner. If a customer cares to check the Privacy Policy & Security page, they will find out how Betway uses this information. There is a substantial list of terms and security features detailing the limits of the use of the customer's personal information. The one that really stands out in the term & conditions is the use of personal information if the company is bought or sold. If this happens, the customer will be sent an email detailing the situation and will be given options on how they want to proceed with their account. This gives the customer a chance to cancel their account if they think that their confidentiality may be compromised with the new owners. Other than that, the only time that their identity may be used by outside interests is when requested by the law or by match-fixing investigations.

Betway has several secure ways for a customer to withdraw & deposit funds. Most customers like to have easy and secure ways to bank with their bookmaker and Betway are aware of this fact. They cater for all the major debit cards including; Visa Debit, MasterCard and Maestro. These are well known and respected worldwide, so players know that they are a secure way to bank. This makes them one of the better Debit Card betting sites. If a customer would like to use a money-broker firm instead, there are PayPal, Neteller or Skrill that can be used to withdraw or deposit funds. As well as the option of using a bank transfer, there is also EntroPay and Paysafe card as well.

Since there are several ways of withdrawing & depositing funds, this means that there is also a difference between them on withdrawal limits. This is out of the control of Betway and is set by the financial firms themselves. Visa debit cards, Maestro, Entropay, Skrill and Bank transfer have no withdrawal limit. It can take up to 5 days for the transaction to be fully complete using these methods. PayPal and Neteller are the only withdrawal methods that have a limit, and this is set at £20,000. Any funds withdrawn using these are usually processed within 3 working days, so are slightly quicker methods. The only method that is not allowed to access withdrawals is the Paysafecard.

There are many ways of depositing at Betway and all of them have the same deposit limit of €20,000. This, of course, is subject to variation and the VIP status of the customer. Any customer that has reached the dizzy heights of Diamond Status VIP will have a customised deposit and withdrawal limit tailored to suit their needs by the VIP management team. Betway does take their customer well-being seriously and monitor all players deposit and withdrawal habits. If it is noticed that a losing punter is displaying warning signals in their deposit patterns, Betway may curtail the amount that they can deposit. The minimum deposit that Betway will take is €10.

Since Betway was founded in 2006, they have become one of the bigger names in the betting industry. As with all big firms, they will accommodate all punters, whether they be low rollers or high rollers. Football is the biggest betting sport in the world, even bigger than horse racing and Betway embraces this fact with a comprehensive range of betting markets on football. With a large amount of money being bet on football, it is relatively easy to get a substantial bet on certain football matches. Betway will take large football bets, subject to verification by Betway traders.

For big bookmakers like Betway, the bread & butter of their business is the casual punter. Since most casual punters do not know if they have achieved value or not, this suits all bookmakers and is what gives them their profits. High Rollers, on the other hand, do have a conception of what odds mean, often better than the bookmaker themselves. They need a bookmaker to be able to take some of their bigger bets and Betway does take bets of up to €100,000.

Betway has one of the best security systems that a bookmaker can get. eCorga, an independent gaming analyst, has given Betway a Safe & Fair certificate. This verifies that all data is secure because of the 128- bit SSL digital encryption that the firm uses. Confidentiality is of the utmost importance to Betway and they take it very seriously indeed.

Yes! If you are a new customer registering for an account you do have to give your real name. This will be verified by the documents that you will be required to supply to customer support. The purpose of this is to stop fraud and protect customers. It is in your own best interest to do so! All details are kept completely confidential.