DISCLAIMER: Betway does no longer accept new Indian players starting from October 2023. We recommend signing up with 22Bet instead.
Since entering the market, Betway has established itself as one of the most reliable and popular online betting sites in the globe, as well as in India. In India, it has emerged as one of the prominent betting sites and often ranks among the best ones available in the country.
Many factors have worked in Betway’s favour as it has a massive sportsbook to offer and has a user-friendly interface and is available in both English and Hindi. They also have a very friendly app available on both iOS and Android.
The main reason why Betway is trusted is because it is extremely safe and secure to use, offers one of the best varieties of payment and withdrawal methods and has all the legal licenses in place to operate without a hitch.
The online bookmaker also has gained a very good reputation of paying out winnings in a swift and timely manner, which has undoubtedly helped them to gain the trust of the users in India and around the world.
So is Betway trustworthy? In a simple word, yes! Read on to find out why.
Is Betway Legal?
No, Betway is not legal in India as they have withdrawn from the Indian market effective from October 1, 2023. This decision is due to the imposition of a 28% Goods and Services Tax (GST) on offshore gambling operators by the Indian government. Due to this factor, Betway has chosen to refocus its business on different markets.
If you visit the official website of Betway from India, the message will state: “We regrettably have elected to cease trading in your region. We will work with you to return any outstanding balances. If you have an account you would like to discuss please contact us at [email protected] and include your username.”
You can read the full details on our page on Betway legality.
Is My Money Safe at Betway?
Yes, your money will be safe and secure, as they have some of the best security protocols out there. The money that you deposit on Betway will stay safe and you will get your winnings on time. On top of that, all your personal data and banking information will also stay safe, due to some of the security measures that Betway employed through means of the best technology out there.
Betway was awarded the ISO 27001 certification in 2018, getting a big thumbs up in terms of security. They also deploy the 128-bit SSL (Secure Sockets Layer) technology, which helps keeping your data private and secure.
Getting your winnings from Betway is fairly easy as they offer a range of payment and withdrawal options. Some of the available withdrawal options are PayTM, UPI, PhonePe, Visa, Mastercard, Skrill, Neteller and bank transfer. Check out the full information on our Betway withdrawals page.
But to conduct any monetary transaction on Betway, you will first have to register and verify your account on their online site. Once that is done, paying and depositing money becomes very easy and all your winnings will turn up on your registered account and you can choose a method of your choice to withdraw your money.
You can learn how to create and verify your account in our Betway registration guide.
Does Betway Pay Winnings in Time?
Yes, Betway will always pay out your winnings. After you win a bet, you can then choose a payment method that is available on Betway to withdraw your earnings. It is ideally advised to use the method for withdrawal that you used to make the deposit for ease of transaction. Learn about all the deposit methods on our Betway deposits page.
The amount will then be processed and reflected in your bank account depending on the processing time of the platform.
Withdrawal time can range anywhere from between 2 hours to 7 working days depending on the platform, with the average payout time being 24 to 48 hours. The minimum withdrawal limit on Betway on all withdrawal methods is INR 1,000.
Also, Betway will only pay you your winnings on your registered and verified account on the platform, in order to combat money-laundering. Only the account you have verified through a legal document will be eligible to have payments reflected in them.
Is Betway Genuine?
Yes, Betway has cultivated a reputation of being one of the most genuine online betting sites in the business. They have been in operations since 2006 and have many offices around the globe. They are headquartered in Malta, but also have offices in London, Malta, Guernsey, and Cape Town in South Africa.
Betway are also licensed legally and thousands of people around the globe bet annually on Betway due to their safe and secure reputation.
What Licenses do They Have?
Betway is legally licensed in many countries including Malta, UK, Sweden, Denmark, Italy, Spain, Belgium, Mexico, South Africa, Portugal and Ireland. This has allowed them to cultivate a global presence that makes them accessible in many corners of the world.
Their reputation is further enhanced as it has membership of the European Sports Security Association, the Independent Betting Adjudication Service, and also the Remote Gambling Association.
Betway has further gained trust as it is also accredited by the international testing agency, eCOGRA (eCommerce Online Gaming Regulation and Assurance) which is based out of London.
The bookmaker has also developed a partnership with the Professional Players Federation that primarily promotes and protects the interest of professional athletes and sportspersons in the UK.
The betting site is licensed by the Malta Gaming Authority to offer Type 1, Type 2 and Type 3 gaming services under the license number MGA/B2C/130/2006.
How Long Has Betway Been Operating?
Betway has been in business since 2006 and is based and registered out of Malta. With its various legal licenses it is easily accessible in various parts of the globe and holds licenses in various major countries including UK, Malta, Italy, Denmark, Spain, Belgium, Germany, Sweden, Mexico, South Africa, Portugal and Ireland.
Betway along with Spin Casino is a subsidiary of its holding company, Super Group. Since 2022, Super Group has been listed on the New York Stock Exchange via a SPAC (Special purpose acquisition companies) and operates under the name of Super Group Limited Ordinary Shares (SGHC) on the NASDAQ.
Since being in operation, the bookmaker has also landed some major sponsorship deals with teams and athletes that include West Ham United in the Premier League, the National Hockey League (NHL) and the SA20 league, the T20 cricket franchise tournament in South Africa.