bet Bonanza logo


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

BetBonanza Nigeria Review 2021: 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.

100% Welcome Bonus

For instance, you could have a 10-game parlay with five of them being under 1.20. As long as the other five meet the minimum odds requirements, you’re good to go. Potential payouts and the bonus are both automatically calculated on your bet slip. A bigger parlay with higher odds means larger payouts. Here are the main terms and conditions:

  • Open to all registered customers.
  • Only winning combinations qualify to receive the bonus.
  • Bonus is calculated using the winning amount and not the initial bet amount.
  • All bonus money is credited as cash and is not subject to rollover conditions.
  • General terms and conditions apply.

BetBonanza is known to regularly introduce new promotions like the Be a Millionaire promotion. Be sure to check the promotions section often to find out how BetBonanza can help you boost your player account balance.

Live Betting at BetBonanza

live iconOne of the latest sports betting trends is live betting, and it is a standard feature at BetBonanza. The idea is simple. Punters can place wagers while a game is in progress. This affords players the opportunity to hedge their losing bets or double down on winning ones. Live betting is perfect for punters who like to get a feel for the flow of a game before betting. You have to be able to react quickly because the odds are constantly shifting.

Placing a live in-play wager at BetBonanza is simple. Click or tap on the “Live” button at the top of the main page and then select the sport and game from the menu. You will be presented with a few basic betting options as well as a link to other available bets. Your bet slip instantly pops up when you select a bet. Enter the wager amount and submit the bet. Now, relax and let the bet unfold or go back to make more live wagers.

One of the things that makes in-play betting even better is live streaming. However, BetBonanza does not offer this feature at the current time. Hopefully in the future?

Mobile Betting at BetBonanza

While native apps were all the rage in recent years, many sites have simply become mobile compatible. This eliminates the need for downloading software or apps. BetBonanza doesn’t have any apps. Instead, their site is optimized for most mobile browsers. If you have a mobile device and a reliable wireless connection, then you always have BetBonanza with you.

mobile app betbonanza

Mobile betting | betbonanza.com


The mobile site is almost identical to the website and they are both laid out with user-friendliness in mind.. BetBonanza’s main page displays some of the most popular wagering options from a number of markets. You can also click on the “Upcoming Events” tab to see what’s happening in the next hour or two. Hit the “Live” tab to check out what live bets are available or take a detour to play casino. There is also a virtual sports area where you can bet on simulated sports. Don’t worry, all virtual games have been thoroughly tested for fairness and are 100% random.


betbonanza mobile
Mobile users won’t have any problems navigating the site. All links and action buttons are sufficiently large enough that you need not worry about tapping the wrong button. The interface is responsive, intuitive, and devoid of unnecessary clutter. Yet, it is still a rather attractive design. It’s obvious that the BetBonanza’s designers put a lot of effort into making the site.

VIP Program

One standard feature that is conspicuously absent at BetBonanza is any type of VIP program. There aren’t any rewards programs either, which is slightly disappointing. Hopefully, this fledgling sportsbook will implement such schemes in the near future.

Operating License

BetBonanza operates under a license issued by the Lagos State Lottery Board. This gives them permission to operate is several jurisdictions around the world. Under their licensing agreement, all software including virtual sports and casino games is tested and certified by leading independent auditors. This ensures that every single outcome is random and impervious to manipulation.

Player funds are always held by regulated and authorized banks in Nigeria. This means player funds are always safe and available for withdrawal.


BetBonanza boasts a few innovative features to enhance your betting experience. Among them are:

  • Cash Out feature
  • Virtual Sports
  • Live Betting
  • Lottery Games
  • Online Casino Games


BetBonanza doesn’t have the largest selection of payment methods, but they have a few popular ones. All deposits must be at least ₦100.

betbonanza Deposit

They offer various instant deposit methods so you could deposit in the most convenient way for you | betbonanza.com


BetBonanza doesn’t have a huge selection of deposit options, but they do offer some very popular ones:

  • WebPAY – Instant and free
  • Paydirect – Free and instant deposits from any Nigerian bank.
  • Quickteller – Instant deposits using the Quickteller app. ₦100 per transaction.
  • Quickteller Web – Instant payments from your bank account. ₦100 per transaction.
  • USSD – Instant deposits using your mobile device. ₦100 per transaction.
  • ATM – Make free and instant deposits from over 10,000 ATM nationwide.


Use the same method you used to make a deposit to quickly withdraw funds from your player account balance. To make a withdrawal:

  • Go to the banking section
  • Select “Withdraw”
  • Enter the amount you wish to cash out. (min ₦2,000, max ₦1,000,000)
  • Enter your bank account details.
  • Choose your bank from the list.
  • Click the “Confirm” button

Your payment request will be reviewed between the hours of 8 AM and 10 PM. Withdrawal requests made after 10 PM are processed the following day.

Security at BetBonanza

BetBonanza knows the importance of keeping your personal and financial details completely confidential and secure. Aside from adhering to a strict privacy policy, BetBonanza protects any stored information using multiple layers of security. Also, all communications with the site, including financial transactions, are protected using the latest encryption technology. The site is protected by 256-bit SSL encryption. Check out BetBonanza’s “Security and Privacy” section for further details.

Customer Support

For a site that has so many great things to offer, their customer support is lacking. While their support staff is helpful and professional, they are only available between 8 AM and 10 PM local time. Perhaps those hours will increase as the site grows.

As for getting in touch with them, they offer a good variety of ways. You can fill out and submit a support request or:

  • Live Chat by visiting the Help section and clicking on the “Begin Live Chat” link.
  • Call them at 01637777
  • Send a detailed email to [email protected]
  • Contact support on WhatsApp by dialing 2349062929962

Emails or support tickets submitted outside of BetBonanza’s regular office hours will be returned the following day.
betbonanza customer support

Additional Services

BetBonanza is much more than a great sportsbook. The site also features a pretty good live casino which boasts a wonderful selection of games. Choose from popular slots, jackpot games, and live casino games.

For those who enjoy sports betting but don’t like to wait for hours to get results, love Virtual Sports. Virtual football matches are always starting, and they only last a few minutes. As with real sports betting, punters can choose from a number of bet types. This section also has a prize wheel, Keno, and other exciting lottery-style games.

Our Experience with BetBonanza

This bookmaker is off to a flying start and certainly deserves credit for providing such a good product. While they could improve on the number of betting markets, they have more than enough to please most punters. Their welcome bonus might not be the biggest one the planet, but it is far from the smallest. Best of all, the rollover requirements are incredibly low. Most sites require punters to rollover their bonus money 30 or more times. Making you roll it over just six times is like a gift.

The site’s lack of live streaming isn’t surprising. That feature doesn’t exist at a lot of online sportsbooks. They could do themselves a favor by offering a few more sports promotions and extending their customer service times. Not being available for 12 hours of the day can be problematic for some. In the end, this site looks like it has a bright future and should draw plenty of new customers. Especially in Nigeria.

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