Lagos State Lotteries Board license

betBonanza is a Nigerian gambling company offering sports and casino betting products legally for players from Nigeria.

Reviewed by James Mwaura
Last updated: 06/03/2023
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betBonanza offers

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100% Bonus up to ₦100,000

Turnover 10x min odd 1.85
Max. Amount ₦100,000
Min. Deposit ₦100
Expiration 30 days
No code required
Claim offer

BetBonanza Nigeria Review (2024)

BetBonanza provides players with top-notch service when it comes to online gambling. Since 2014, when it was formed, the bookmaker has had a proven track record of reliability and fair play. BetBonanza is compliant with the lottery requirements and is licensed by the Lagos State Lotteries Board and the National Lottery Regulatory Commission.

What’s more? BetBonanza offers a wide selection of sports events that come with high-quality odds. If you’re looking for an all-inclusive sportsbook that puts players first, look at the BetBonanza way.

Here’s a comprehensive BetBonanza review that covers everything you need to know about the online betting site. You get all the details from registration, features, sports events, promos, and bonuses available on the betting site. Let’s dive right in.

Registration at BetBonanza

BetBonanza is one of the few (if any) that has a simple registration process. You only need to provide the required basic info as long as you are of legal age. Among the info required to provide are your name, username, Date of birth, mobile number, and other important contact info. 

After creating your username and password, your account is ready for your first bet. The best thing is that you don’t need a first-time deposit to place your first bet on BetBonanza. You have the chance to explore the site and choose where to bet your money.

While at it, confirming your identity at BetBonanza is crucial as it eases your withdrawal process. You only need to have either of the following documents:

  • A National ID Card
  • A valid Driver’s License
  • A Permanent Voter’s Card
  • A Valid International Passport

Sportsbook Review

After setting up your account, you want to know the games and sports events in this bookmaker that you can bet on. BetBonanza provides Nigerian bettors access to a variety of sports categories.

From popular football leagues, basketball, table tennis, baseball, volleyball, ice hockey, rugby, boxing, formula one, cricket, live game betting, and American sports. Each of these games has multiple betting options. Soccer, for example, has over 600 sub-markets on BetBonanza.

Live Betting

There are several sports on the live betting option in this bookie. Here players can place bets by predicting outcomes of live sports. Popular live betting sports on BetBonanza include soccer, rugby, baseball, Poker, Volleyball, basketball, and others.

Live betting lets you catch all the action, place a bet while the game continues and stand a chance to win real money. With BetBonanza live bets, you have access to better odds, game insights, and unique markets.

It’s important to note that odds can change during the game depending on the game dynamics. But a lot of fun awaits players who love and prefer live betting. 

Virtual Sports Betting

Fans and players can bet on virtual sports on BetBonanza. Virtual sports are simulations of actual sports events only that they last for three minutes for each round.

Virtual betting on BetBonanza is super easy as players can bet as many times as possible and get instant results after the game is over. The bookmaker offers exciting odds and bonuses to virtual players as on other betting sports options.

Online Casino Review

It’s no doubt that BetBonannza gives players the best betting experience. But if you’d want some more excitement, you want to try their online casino. The bookie offers over 200 casino games that come with lucrative bonuses and rewards.

There are table games, jackpots, slots, live games, scratch cards, and many more casino games at BetBonanza. Though most of these were a reserve of professionals only, the bookmaker has made them available to everyone. 

Promotions and Bonuses

BetBonanza is generous with promos and bonuses throughout the year and in all the betting avenues.

Whether it’s Christmas, New year, Easter, or even a regular Tuesday, there’s never a bad time to offer casino bonuses at this bookie. Whether you are a veteran player or a newbie at BetBonanza, there’s always something for everyone.

For example, in almost all casino games, you will get bonus cash, free spins, and many more to spice up your betting experience.

Welcome Bonus

Among the best offers at BetBonanza, is their welcome bonus which you get upon registration. You get a bonus of up to 100% of your first deposit but up to a ₦100,000 limit.

It’s straightforward to claim BetBonanza’s welcome bonus. After creating your account, you only need to enter a code given by BetBonanza to double your first deposit.

You can use the bonus on any sports market in the bookmaker. But the bonus claim has some preset terms and conditions. You need to deposit at least ₦100 so that you wager 6x your bonus amount. Each bet on your slip must have at least 1.6 odds to make your cash wins withdrawable.

Zero-Risk Betting

This is another crazy offer from BetBonanza. It’s a bet-at-no-risk promo where players get refunds of their stakes if they lose a bet. Here’s how the risk-free bet works: If you place a bet of up to ₦1,000 and win, you can smile to the bank.

But if you lose that bet, you still get a 100% refund of your stake. BetBonanza offers risk-free bets periodically on select matches only, and only new players at BetBonanza are eligible for these offers. For example, the current offer is limited to bets placed on the upcoming Central African Republic vs. Nigeria face-off match.

Yakata Bonus

Yakata bonus is a lucrative offer where you can scoop up to 225% on all your wins when you win on combined bets. If you like to combine games in one slip, then this could be your offer.

You can place combined bets either from the website or from BetBonanza betting shops. You get bonuses on all combinations of five or more selections.

The more the selections on your bet slip, the more the bonuses. If your ticket has 40 or more combinations, you can bag up to 225% on all your winnings. Remember, BetBonanza will only consider selections with odds of 1.20 or more for the Yakata Bonus. 

Mobile betting

Some players prefer betting from their mobile devices rather than the desktop browser. BetBonanza has them covered. The site is optimized to suit mobile betting on smartphones and other devices. Though they have not released an app yet, you can bet through any mobile browser on your device.

Mobile betting at BetBonanza is made easy as you can bet on an Android or an iOS device. All features and offers seen on the desktop devices are also available on your mobile browser. Navigation through the features is easy, thanks to the simplified user interface. For players who want to bet while on the go, BetBonanza mobile betting has it all. 

Payment Options, Deposit and Withdrawal Methods

As an all-inclusive bookmaker, Bet Bonanza has made it easy for players to process transactions. Whether it’s depositing or withdrawing cash, several options are available. You can process transactions online between your betBonanza account and the bank or mobile transfer from the Quickteller app and other options.

Most of the instant deposit options at BetBonanza do not charge any transaction fees. Here’s a list of the popular deposit options offered by the bookie. 

  • Paystack - A new deposit option to top up your account with your bank card. No transaction fees are charged. Deposit a minimum of ₦100.
  • WebPay - An instant deposit/withdrawal option that lets you process transactions with your debit or credit card. No transaction fees.
  • GTPay - this option from GTBank allows you to deposit cash from your online bank account, i.e., First Bank, ALAT by WEMA, Sterling Bank, Guaranty Trust Bank, Zenith Bank, or via 737 methods. No charges are incurred.
  • Deposit at Bet Shops - You can deposit cash to your betBonanza account from any betting shop across the country free of charge. Only a minimum of ₦100 is allowed.

Other free-of-charge deposit options at BetBonanza include Quickteller Paypoint agents and Interswitch PayDirect. Several methods like PalmPay, Quuickteller USSD, ATM, Quickteller Mobile app, GT Bank branch charge at least ₦50 to process a deposit or withdrawal transaction.

Withdrawal Rules and Limits

BetBonanza allows a minimum withdrawal of ₦2,000 and a maximum of ₦1,000,000. Withdrawal requests could take up to 24 hours to process due to verification procedures.

The linked account should bear the name the player used to register their account. BetBonanza follows strict measures to ensure all transactions are secure.

Security and Transparency

BetBonanza guarantees safe and secure transactions all the time. As a licensed Nigerian betting company, they follow strict safety standards, including SSL encryption to safeguard player info. BetBonanza works with certified third-party software providers so that all software from the bookmaker is safe.

They have partnered with stable banks like GT Bank, First Bank, Stanbic IBTC, Zenith Bank, FCMB, and other banks to guarantee that players’ cash is secure.

Customer Support Options

BetBonanza’s customer care team is one of the best there is in the entire Nigerian betting industry. They are available 24/7 and are reachable via Live Chat from their website, on-call, or WhatsApp when you need urgent help.

If your query doesn’t need an urgent response, you can reach them via email. You’ll receive immediate feedback from the team, and the BetBonanza support team will resolve the issue ASAP.

  • 1

    Open an account

    Click through our link and create a betBonanza account to claim our exclusive sign up bonus.

  • 2

    Depositing and Withdrawing Money

    betBonanza offers a wide variety of depositing options for free and several with small fees. The minimum deposit amount is ₦100

    Online Deposit Options:

    • WebPAY - Free
    • GT Pay - Free
    • GT Bank Online or Mobile App - ₦50
    • Quickteller Mobile App - ₦100
    • USSD - ₦100

    Bank Cash Deposit:

    • Bank branch deposit - Free
    • ATM deposit - Free

    To withdraw money from betBonanza, you will need to use an Electronic Funds Transfer (EFT). Simply provide betBonanza with your banking details and enter the amount (minimum withdrawal ₦2,000) you want to withdraw.

  • 3

    Claim your bonus

    Claim your 100% Bonus up to ₦100,000.

    Enter the bonus code "BET100" and deposit at least ₦100 to receive your 100% bonus up to ₦100,000. The amount you deposit is matched 100% up to ₦100,000. For example, deposit 100,000 to receive 100,000 in bonus funds.

    The bonus amount must be wagered 6 times on any sports market before it can be withdrawn. The minimum qualifying odds of each bet is 1.85. You have 30 days to complete the wagering requirements.

  • 4

    Verify your betBonanza account

    Verify your identity so you have no problems withdrawing money from betBonanza.

    You will need to upload one copy of the front and back of either your:

    • National ID card
    • Permanent Voter's card
    • Driver's License
    • International Passport

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