Betbonanza Review Nigeria 2024

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Average Rating
Based on 864 ratings
5 374
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3 86
2 40
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Betbonanza Nigeria is a popular bookmaker that provides online sports betting, live betting, and online casino games. On this platform, new and existing users qualify for bonuses, promotions, huge odds, safe payment option, and so much more that this sportsbook has to offer.

Also, Nigerian bettors on betbonanza get to enjoy an exciting betting experience on the betting site. The interface of this website stands them out amongst many and it is one of their top selling points to existing and prospective users.

In this betbonanza Nigeria review 2023, we will discuss everything you need to know about betbonanza, ranging from how to place bets on betbonanza to how to make withdrawals on the bookmaker.

General Information about Betbonanza

⚡ Website ✔️
⚡ Founded In ✔️ 2019
⚡ Licence Holder ✔️ Lofit Gaming Networks Limited
⚡ Related Companies ✔️ Betbonanza casino
⚡ Address ✔️ Nigeria
⚡ License ✔️ Lagos State Lotteries Board, National Lottery Regulatory Commission
⚡ Bonuses ✔️ 350% Welcome bonus, Yakata bonus, free spins, free bets
⚡ Languages ✔️ English
⚡ Payment Methods ✔️ WebPAY, Paydirect, Quickteller, Quickteller Web, USSD, ATM
⚡ Currencies ✔️ NGN
⚡ Min.Bet ✔️ 100 NGN
⚡ Max.Profit ✔️ 50, 000, 000 NGN
⚡ Mobile App ✔️ Yes
⚡ Sports ✔️ Football, Basketball, Tennis, Baseball, Ice Hockey, Handball, Volleyball, E-Sports FPS, E-Sports MOBA, Table Tennis, Boxing, Rugby Union, Rugby League, American Football, Cricket, Cycling, Formula 1, Darts, Martial Arts, Aussie Rules, Futsal, Snooker, Water Polo, Motor Sports, Golf, Specials, and Floorball
⚡ Services ✔️ Sporting events, Jet X, Virtual sports, online casino games, Live Casino, Live betting, BonanzaBallz, Aviator, and Promos
⚡ Bet Builder ✔️ Yes
⚡ Live Streaming ✔️ Yes

Betbonanza registration

To open an account on betbonanza, you can follow the simple steps below:

  • Go to the betbonanza official website
  • Click on the Register tab
  • Enter all the right information needed in the field provided such as your name, mobile number, email address, and password
  • Use your bonus code if you have one
  • Click on the Submit button

Betbonanza registration 

Once you have completed the registration, a confirmation link will be forwarded to your provided email address during the sign up process. This is why it is very important to fill in an accurate email address when registering on betbonanza.

Next, go ahead and tap on the link where you will be redirected to betbonanza official betting site to login.

The documents required for verification after opening a betbonanza account are:

  • National Identity Card
  • Voters Identity Card
  • Drivers License
  • International Passport

How to login to account Betbonanza

After you have successfully registered on the betbonanza bookmaker, the next thing expected of you to do is to login to your newly registered account.

Having issues logging into your betbonanza account? Take a look at the intuitive steps below:

  • Visit the betbonanza website
  • Tap on the Login Icon

How to login to account Betbonanza 

  • Enter the username and password you created during the registration process
  • Click on the Login button

How to Bet with Betbonanza

Betbonanza offers the best betting options that any punter in Nigeria can take advantage of.

Finding it hard to place bets on betbonanza? Not to worry, here are the simple steps to follow to place here on this sportsbook:

  • Choose the sports event of your choice from the menu on the left side of your screen
  • Pick from any of the tournaments available on the betting site and click on the 'Proceed' icon
  • Choose from any of the betting markets available and click on the odds you would love to wager on

How to Bet with Betbonanza 

  • Next, enter the amount you intend to bet at betbonanza
  • Tap on the Place Bet button

Instantly, all your selections will be automatically added up to your betting slip.

Also, if you are not satisfied with your selection, you can add more from the betting options or remove the events that you don't want.

Betbonanza Welcome Bonuses and promo codes in Nigeria

Betbonanza sportsbook is referred to as one of the best in Nigeria because of the generous bonuses it doles out to its users.

There are also promotions that punters can utilize to increase their bankrolls.

Here are the bonuses and promotions that you will find in the sports section of this bookmaker:

  • 350% Welcome bonus - Unlike other online betting platforms in Nigeria, betbonanza rewards its new users with a 350% welcome bonus once they open an account on betbonanza. They are instantly rewarded with 200% bonus after they have made their first deposit, 100% bonus on their second deposit, and 50% on their third deposit.
  • UCL Freebet offer - When you place a bet of 500 NGN on UEFA Champions League or any Premier League on a selection of 10 odds or more, you will be rewarded with 200 NGN free bets.
  • Need to Draw Tips - Here you will get betbonanza pool codes every week. This will go a long way in helping you guess correctly which team will draw.

Betbonanza Welcome Bonuses and promo codes in Nigeria

  • Yakata bonus - If you are a fan of combining games on your ticket. Then with this bonus, you can get up 225% winnings. And if your combined bets wins, you can get your wins via the betbonanza betting platform or the physical betting shop. You must have at least 10 selections on a minimal of at least 1.2 odds.

Yakata bonus betbonanza

  • One Game Cut - Even if one of your game cuts on betbonanza, be rest assured of getting 10% of your winnings.
  • Tuesday Reload - When you deposit into your account on Tuesdays, you will be rewarded with 50% deposit bonus.

Tuesday Reload betbonanza

  • Sports Mega Jackpot - When you bet with a minimum of 500 NGN, you can get a share from 500, 000 NGN weekly

The bonus available to punters in the virtual section of this bookmaker is:

  • Combo Boost - The bonus and promotional offers in the casino section of betbonanza are:
  • Power Weekend - This is a type of weekend bonus for slot game lovers. This bookmaker will reward users with up to 375, 000, 000 NGN every weekend this September.
  • Gold Digger - When you play the Gold Digger game in the casino section, you might just be among the lucky players to enjoy the weekly pool of 500, 000 NGN.
  • Jet X vs Aviator - JetX and Aviator are 2 popular casino games on betbonanza that can help you fly into huge amount of money.
  • Drops & Wins - This popular casino game rewards users with cash prizes and real money for spinning the reels.
  • Live Casino Rewards
  • Fastest Fingers

Betbonanza Withdrawals & Deposits

Betbonanza has partnered with fast and reliable payment options for Nigerian bettors.

How to deposit at Betbonanza?

  • Choose from the variety of payment options available on betbonanza
  • Enter the amount you intend to deposit
  • Follow the instructions that shows up on your screen
  • Next, tap on the submit button

The Naira is the only currency accepted in the betbonanza Nigerian platform.

Deposit Options Fee Process Time Minimum Deposit
Quickteller USSD Free Instant 100 NGN
ATM Free Instant 100 NGN
Palmpay Free Instant 100 NGN
Quickteller Mobile Free Instant 100 NGN
Bank Branch Free Instant 100 NGN
GtCollections 50 NGN Instant 100 NGN
Quickteller Web 100 NGN Instant 100 NGN
Palmpay Agent Free Instant 100 NGN
Quickteller Paypoint Free Instant 2000 NGN
Betting Shop Free Instant 100 NGN
GtBank Online 50 NGN Instant 100 NGN
GTWorld Apo 50 NGN Instant 100 NGN
GTbank Mobile App 50 NGN Instant 100 NGN
GTPay - Card, bank, & 737 banking Free Instant 100 NGN
WebPAY Free Instant 100 NGN
Opay Free Instant 100 NGN
Paystack Free Instant 100 NGN

Withdrawal methods at Betbonanza

Betbonanza guarantees a fast and reliable withdrawal process for all its users.

You can follow the steps below:

  • Login to your betbonanza account
  • Navigate to the left side of your screen and tap on My Account
  • Tap on the Withdrawal button and enter your 10-digit account number
  • Enter your Bank name, and tap on submit
Withdrawal Method Fees Process Time Minimum Withdrawal
Instant bank transfer Free Within 24 hours 2000 NGN

Betbonanza Betting Apps

Mobile betting has been made very easy for Nigerian players on this sportsbook.

Betbonanza app for Android

The betbonanza mobile app can be downloaded on any android device. It shares the same features as desktop and mobile versions. It covers a wide range of sports, lots of casino games, and lots of unique features that is similar to the betbonanza website.

This mobile app allows gamblers to wager on the go.

Betbonanza Betting Apps

Betbonanza app for iOS

Betbonanza online app is available for download on all iOS devices. It also shares similar features with the desktop and mobile versions of this bookmaker including a variety of sports, online games, virtual sports, and more.

Betbonanza for PC

Betbonanza has a functional website that is fully optimized for not just mobile betting alone but can also be assessed via a desktop or computer.

Also, it shares similar features with the mobile website.

Betbonanza online app for PC

Available Sports on Betbonanza

Betbonanza is one betting platform that provides a wide range of betting on over 20 different sports events.

The available sports on this bookmaker are:

  • Football
  • Basketball
  • Tennis
  • Baseball
  • Ice Hockey
  • Handball
  • Volleyball
  • Table Tennis
  • Boxing
  • Rugby Union
  • Rugby League
  • American Football
  • Cricket
  • Cycling
  • Darts
  • Martial Arts
  • Aussie Rules
  • Futsal
  • Snooker
  • Politics
  • Water Polo
  • Motor Sports
  • Golf
  • Specials
  • Floorball

You will also find E-FIFA, E-Sports MOBA, and E-Sports FPS on the sports section.

Markets coverage

As mentioned above, this bookmaker offers a wide variety of betting opportunities on various markets.

Football betting is one of the most popular markets in the Nigerian betting industry that punters always opt for.

Here are some of the betting options you will find in the football section:

  • 1x2
  • Draw No Bet
  • Double Chance
  • Both Teams to Score
  • Handicap
  • Over / Under
  • Asian Handicap
  • Totals 3-Ways
  • Correct Score
  • Half Time / Full Time
  • First Goal by
  • Last Goal by
  • Odd/ Even

Interestingly, the other events also have a wholesome variety of different betting options. In the tennis event section, you will find markets such as Spreads, 2-Way Moneylines, 3-Way Moneylines, Game and Totals, and more. You can visit the official page betbonanza to explore all these markets.

Betbonanza Odds and Betting Formats

Betbonanza does not offer only big odds but also has competitive odds when compared to other betting sites in Nigeria.

Their daily boosted odds makes the platform appealing to all new and existing users alike.

Betbonanza uses the decimal betting format on all the events and all the virtual sports available on its platform.

Betbonanza Odds and Betting Formats

Let's take a look at the analysis of the marginal odds of the following football matches that are set to take place on the 5th of October, 2023.

Competition Match Date Time Home Draw Away
UEFA Europa League AEK Athens vs Ajax 5/10/2023 17:45 2.80 (35.71%) 3.25 (30.76%) 2.45 (40.81%)
UEFA Europa League Sporting Lisbon vs Atalanta 5/10/2023 17:45 2.20 (45.45%) 3.35 (29.85%) 3.15 (31.74%)
  1. The marginal odds for the AEK Athens and Ajax match that is set to take place on October 5 is 7.28%
  2. The marginal odds for the Sporting Lisbon and Atalanta match is 7.04%.

Streaming and Live Betting on Betbonanza

Betbonanza Nigeria offers features that make betting experience appealing to players on the betting platform.

These betbonanza features include live streaming and live betting.

Betbonanza offers a live streaming service that enables users to watch any live event, play live games, and monitor their results in real-time.

Streaming and Live Betting on Betbonanza

Live betting has become a prominent feature on several betting sites, and thankfully, the betbonanza live options enable players to wager on ongoing games.

The section for live betting is also rich in betting options that are similar to those in the sports section.

Betting limits

The minimum amount you can stake on a single ticket on betbonanza is 50 NGN. If you live within Lagos, the maximum winning amount you can have is 10,000, 000 NGN. And if you stay outside Lagos, your maximum winning limit is 50, 000, 000 NGN.

Is Betting at Betbonanza Legal?

This sportsbook holds a license from the appropriate bodies before operating in Nigeria.

Betbonanza is licensed by the Lagos State Lotteries Board and the National Lottery Regulatory Commission.

How to Contact Betbonanza Customer Care

Betbonanza customer support team responds to queries swiftly.

Plus, it has a frequently asked question section, that you can always go to for answers. And if none of them is the perfect fit for you, then you can reach out to them via the following channels:

  • Live Chat on the betting account between 8 am to p.m daily
  • Phone call @ 01 888 8886
  • WhatsApp @+2349062929962
  • Email @[email protected]

Betbonanza Nigeria Pros & Cons

Pros Cons

➕ Great variety of sports betting options

➖ Few payment options
➕ Has a 350% welcome offer for new users ➖ No 24/7 customer service hours
➕ It is user-friendly and easy to navigate   
➕ Bonus and promotions are available betbonanza
Who Owns Betbonanza?

It is owned by Adekunle Adeniji. He started the betting company in 2019 when he opted out of BetKing.

Can I play via mobile phone at Betbonanza?

Yes, you can play games on this bookmaker via its mobile site or apk. This is because both versions are fully optimized to work on any device

Can I immediately proceed and deposit after registering my account?

Yes, you can go ahead and deposit after you have successfully opened an account with betbonanza. You will be rewarded with a huge welcome bonus of up to 350% once you do so.

Can I Cancel My Bet At Betbonanza?

Yes, but only in a physical betting shop. It has to be canceled within 5 minutes of placing the bets.

How Do I Withdraw My Balance at Betbonanza?

Login to your betbonanza account. Navigate to the left side of your screen and tap on My Account. Tap on the Withdrawal button and enter your 10-digit account number. Finally, enter your Bank name, and tap on submit.

What Are the Requirements to Open an Account at Betbonanza?

To be eligible to wager on your favorite sports in Nigeria and other countries on Betbonanza, there are terms and conditions that you must stick to. They are: You must be up to 18 years old or more; You must have a valid email address and phone number; You must provide the correct name that matches well with your bank account, or else you won't be able to make a withdrawal.

How Can I Permanently Close My Betbonanza Account?

Head to the My Accounts section on the bookmaker, and tap on Account settings. Next, search for disable my account. Note that once, you disable your account, you will no longer have access to sportsbook.

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