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  • Good selection of betting markets
  • Competitive odds
  • The site is mobile compatible
  • Bonus requirements are favorable to bettors

BetBonanza Nigeria Review: Odds, Bonus and Offer

Established in 2014, Nigerian-based BetBonanza a worked diligently to earn a reputation as an operator you can trust. The site strives to put customers and workers first. The work toward this by giving the Nigerian online gambling community and entertaining and rewarding experience. Licensed by the Lagos State Lottery Board, BetBonanza is known for its extensive online casino. However, the addition of a world-class sportsbook makes them a one-stop-shop for all types of online gambling enthusiasts.

Betting markets 25 +
App No app
Support E-mail, live chat, phone
100% up to ₦100.000 Welcome Bonus

Which Markets Do BetBonanza Cover?

BetBonanza offers competitive odds on a decent array of sports and other events like politics and entertainment. In all, punters can choose from around 20 sports and dozens of leagues around the world. Expect more of everything as the site matures. The biggest sports betting markets in Nigeria are: Football, basketball, baseball, tennis.


BetBonanza also offers odd on several other sports including:

Ice HockeyVolleyball
HandballAmerican Football
Aussie rules footballRugby League
Martial ArtsGolf
Rugby UnionBoxing

betbonanza home page

BetBonanzas home page | betbonanza.com

It’s important to keep in mind that BetBonanza’s sportsbook is new and we expect they’ll add more markets soon. The most popular sport for Nigerian punters is football and BetBonanza covers several leagues including:

  • Premier League
  • Ligue 1
  • Championship
  • Bundesliga
  • Serie A
  • UEFA Europa League
  • Eredivisie
  • Club Friendlies
  • UEFA Champions League

BetBonanza also features dozens of other international soccer leagues including MLS in the United States. Football fans have thousands of football betting opportunities. They also have plenty of options when it comes to basketball. Aside from the NBA and NCAA, BetBonanza accepts bets on a wide variety of basketball leagues such as: World Cup, International Friendlies, Euroleague, SBL Women and many more. Even though there aren’t any African baseball teams to bet on at BetBonanza, they offer odds MLB, South Korea’s KPB, and the Japanese League. BetBonanza also covers almost every professional tennis event. Another one of their biggest betting markets is Rugby Union that BetBonanza covers such as: World Cup, International Friendlies, Bledisloe Cup, TOP 14, Mitre 10 Cup, Currie Cup.

Pros and Cons of Using BetBonanza


  • Good selection of betting markets and wagering options
  • Competitive odds
  • The site is mobile compatible
  • Bonus requirements are favorable to bettors


  • Limited payment options
  • Not many ongoing promotions
  • Limited customer service hours


What Types of Bets Can Punters Make at BetBonanza?

mobile iconPunters can make pretty much any type of bet at BetBonanza. Of course, different sports allow different types of betting, but this Nigerian bookmaker covers the gamut. Many individual football games, for instance, present punters with dozens of potential bets including:

3-Way MoneylinesDraw no Bore
Double ChanceFirst Team to Score
Over/UnderHalf Time/Full Time Result
SpreadsExact Score
Asian Handicap

On top of that, some high-profile games will feature loads of game, team, and player props. Punters shouldn’t be shocked when they see over 100 betting opportunities on a single match. Across the ocean, American football also generates plenty of betting options for both the NFL and Canada’s CFL. Bet on futures like which team will win the championship. Punters can also bet on divisional and conference winners.

As far as individual games go, punters can bet on such things as:

  • 2-Way and 3-Way Moneylines
  • Spreads
  • Alternate Spreads
  • Totals
  • Winning Margin
  • Team, Game, and Player Props

Punters can wager on a single play, put together a parlay, or place combinations bets. They can even tilt the odds by betting teasers. The Super Bowl being one of the most-watched and highly wagered on annual events. As such, expect to see upwards of 200 wagering options.

punters betting online betbonanza

Live betting at BetBonanza | shutterstock.com

Major League Baseball is popular all over the planet and there are many ways to bet on games such as:

  • 2-Way Moneylines
  • Runline
  • Alternate Runlines
  • Game and Team Totals
  • Grand Salami

NBA basketball and NHL hockey are sports that draw a lot of betting action in Nigeria. Those sports also give punters plenty of betting options like:

  • 2-Way and 3-Way Moneylines
  • Spreads
  • Game and Team Totals
  • First Period/Half Results
  • Game, Team, and Player Props

You should get it by now. Every day, BetBonanza brings you countless new betting opportunities and more chances to win money. At the time of this writing, there is an upcoming football match that has over 100 betting options. That’s just one game!

Odds at BetBonanza

Having such a huge selection of markets and betting options means little if you can’t get good odds when you wager. While BetBonanza doesn’t necessarily offer the best odds, they do have very competitive odds. For example, one of the world’s most respected sportsbooks offers the following on an upcoming Premier League match:

  • Wolverhampton @ 3.38
  • Draw @ 3.28
  • Man United @ 2.35
betbonanza odds betting

BetBonanza brings you countless new betting opportunities and more chances to win money | betbonanza.com

BetBonanza offers the following on the same game:

  • Wolverhampton @ 3.35
  • Draw @ 3.25
  • Man United @ 2.35

This is a great indicator of how competitive the odds are at BetBonanza. Unfortunately, BetBonanza doesn’t offer any Odds Boost promotions, but they might in the future. Even a small Odds Boost would give you the best value for your bet.

Limits on Winnings

BetBonanza places limits on the amount of money you can wager on a single ticket. The minimum bet must be at least ₦50. Within the state of Lagos, the maximum win amount is capped at ₦10,000,000 while the maximum win outside Lagos is capped at ₦50,000,000. If a potential win exceeds the amount, punters will receive a warning on their bet ticket before they submit it.

Bonuses and Promotions at BetBonanza

BetBonanza has some great ways to boost your bankroll and it all starts with their generous welcome bonus. Punters can then take advantage of regular promotions like reload bonuses and other interesting offers.

100% Welcome Bonus

payment iconBetBonanza’s 100% Welcome Bonus gets your online betting experience off on the right foot. To qualify, open a new BetBonanza betting account and make your first deposit using one of BetBonanza’s available payment options. Then, use the bonus code BET100 and BetBonanza will double the amount of your deposit up to ₦100,000.

Some key terms and conditions of this offer are:

Only available to customers who make their first deposit.Players may not exceed 20% of the bonus amount on a single ticket.
The maximum bonus amount is ₦100,000.All bets that contribute to the rollover must have minimum odds of 1.85.
A minimum deposit of ₦100 is required to qualify for the bonus.Rollover requirements must be met within 30 days.
Customers must use the bonus code within 7 days to qualify.Offer only applies to the sportsbook.
Bonus amount must be rolled over 6 times to qualify for withdrawal.Cashed out bets do not count.

Yakata Bonus

Punters who enjoy playing parlays love the Yakata Bonus because they can win up to 200% more on winning parlays. All you need to do is bet on a parlay with five or more selections. Punters qualify for the bonus as long as at least five of those selections have odds of 1.20 or higher.