What is a Betting Bonus?
Sports betting offers are quite simple to understand. They are essentially promotional offers by bookmakers around to world to entice new punters and to reward the already existing ones.
These promotional offers come in many different forms, and they can be designed to incentivize you to sign up, deposit money, place bets on other sports you may not have done before, and so on.
Types of Betting Bonuses
Now that you know how sports betting offers work, how can you recognize one? Well, reliable bookies in Nigeria can get quite creative when offering their promotional deals, so the exact nature of the bonus varies from one site to another.
Therefore, there is no universal set of bonuses you can claim, but that is the beauty of the industry. However, we noticed that some offers tend to repeat themselves in all top bookmakers:
- Welcome bonus – a welcome bonus is an offer that you can get straight after registering at the bookie and making your first deposit. Usually, you can expect a deposit match bonus up to a certain percentage and a sum.
- Boosted odds – this is another popular and common type of sports betting bonus you can get at Nigerian bookies. Also known as Comboboost, this promotional offer gives you enhanced odds on certain predetermined events. Note that the bookie has the right to impose conditions, such as minimum number of events, minimum odds, etc.
- Free bet – these offers are arguably the least complicated bonus types in the bookmakers industry. Sometimes, bookmakers offer them as a welcome package, and they mean you can get a set amount of free money once you make a deposit. Of course, you cannot withdraw that money, as it is specifically designed for a bet.
- Bet insurance – this is an option for Nigerians who are not sure whether their bet will be a winning one. Some bookies from our list allow you to insure a bet at any time for an extra cost, while others will offer this as a bonus. If you lose the sports bet, then you get the insured part back.
- Cashback – a cashback bonus is one of the most favoured offers among Nigerians and we can see why. The classic cashback option gives you the chance to get a partial repayment of a loss. You can see a cashback incentive being offered for a certain period or for a specific sport. Regardless of the case, you will need to satisfy criteria such as the minimum amount lost in a certain period.
- Cashout – depending on how your selected games in the betslip pan out, some operators allow you to cash out your wager. The bookie may offer you a cashout during the games, or before certain games even start, depending on what you have wagered. The exact amount will depend on the bookie and your betslip, of course.
Wagering
Experienced bettors will tell you that one of the very first things you must check whenever you claim any sports betting bonus is its wagering requirements, and rightly so. Almost all bonuses you will encounter at our recommended bookies in Nigeria come with wagering requirements.
Some refer to wagering requirements as rollover requirements, and they essentially represent how many times you have to play through the money you receive as bonus. Only after you complete the wagering requirements, you will be able to request a withdrawal.
Any winnings you make in the process of using the bonus will be restricted until you meet the playthrough requirements.
Withdrawing
With all of the above mentioned in mind, is it possible for you to just withdraw the betting bonus immediately? Of course not! That is why wagering requirements exist so that betting sites will protect themselves against bonus abuse.
Odds
Moving on, you also need to note that odds can have a significant impact on the bonus you seek to use. Bookmakers will often impose the minimum odds allowed for events on your betslip while using the bonus.
This is another mechanism for the bookie to protect itself against bonus abusers, as it would be easy to search for “certain” games with the lowest odds possible and just secure pure profit!
Betting Bonuses – Examples
Now that you know all there is about the structure of sports betting offers, it wouldn’t hurt if we include a few examples, so you get the whole picture even better.
Let’s start with a freebet welcome bonus, which can have the following points:
- Register an account, make a minimum deposit of $10 and get an exclusive free bet of $10 instantly!
- The $10 free bet is applicable only on the sportsbook section and is valid for 7 days.
- You can use the free bet only for betting, you cannot withdraw the money straight away.
- You can claim the free bet offer only once.
So, a free bet offer is as simple as it gets, but how does the ever-so-popular cashback incentive work? Cashbacks are very common in Nigeria, and a good example of a cashback offer may go as follows:
- Deposit at least $1,000 from the 1st to the 30th of the month and get an exclusive cashback offer!
- You can wager on any sports betting event, even the virtual games
- Your account must be verified
- Wager $1,000-$5,000 and get 5% cashback
- Wager $5,000-$10,000 and get 10% cashback
- Wager over $10,000 and get 20% cashback
Up next, we also have to mention the enhanced odds offer that you can find at top-rated Nigerian bookies. A good example we encountered at one sports betting site went as follows:
- We give you the best-priced odds in Nigeria on a selected match each weekend
- Every weekend, teams from the biggest leagues in Europe will have boosted odds
- All you need to do is choose your favourites in these matches and if they win, you will get extra value for your money
Lastly, a special mention must go to cashout offers that are widely popular in Nigeria. We have reviewed tons of operators in Nigeria and one good example of a cashout bonus had the following structure:
- We give you the chance to collect your winnings before the games have been settled. If you are worried about how the last game of your betslip can go, the cashout feature can help you relax!
- Simply log in to your account and select “My Bets” and find the Cashout icon
- Note that bets you make with bonus funds are not eligible for cashout.
Find the Best Bonus
For you to find the best bonus offer in Nigeria, you need to be aware of what is a good and what is a not-so-good offer. For this, we would like to point out the wagering requirements.
Almost all bonuses will have wagering requirements attached, except for the cashback incentives. During our research, we noticed that the standard wagering requirements in bonuses range from 15x-20x, so anything below that is a good deal for punters.
Another important part of the terms and conditions is the minimum odds. Usually, you will need to include at least 5 selections with minimum odds of 1.25 to use the bonus, and we see nothing wrong with that – just a way for the bookie to protect itself from bonus abuse.
A good piece of advice you can follow to get a rewarding bonus is to search for new sports betting sites in Nigeria. Their sole mission is to attract new punters to register, so they tend to include more lucrative bonuses and promotions.
Don’t be surprised to find such sites with bonuses that include wagering requirements of 10x. Such bonuses are always a good idea for regular bettors!
5 Betting Bonus Tips for Punters
Before you even start your sports betting adventure, we would like to point out one important fact – there is no way you can have guaranteed wins, regardless of which bonus or strategy you use. At the end of the day, luck plays a major part in sports betting, just like it does with all aspects of online gambling.
However, that doesn’t mean that you should trust Lady Luck blindly and start using bonuses without thinking rationally first. For you to at least boost your chances of landing a win, we would like to recommend a few simple tips:
- Bonuses can be helpful in experimenting – regardless of what type of bonus you claim, you should note that you can use it to see what the bookie has to offer. Are there enough events to bet on? What are your betting types available? Does it offer good cashout deals? These are just some of the questions you will surely get answers.
- Always read the T&Cs – terms and conditions will specify the rules you must follow when using any sports betting bonus. Important information such as wagering requirements, duration, eligible markets, and so on. simply cannot be neglected from your side.
- Don’t just claim the offer that seems to give you the best bonus – always make sure to go into details when looking at the offer. Not always bonuses are as rosy as they may seem on the surface, so don’t be fooled by flashy promises and big sums from the start.
- Don’t always “go for the gold” – a good strategy that we recommend to new punters in Nigeria is to be careful when claiming a bonus and not wager more than they can afford. So, starting small will always do the business – at least you can test out the site and build your confidence until you are ready for bigger bets!
- Respect the rules – well, all of the above mentioned leads us to one conclusion – sports betting sites have great mechanisms in place to prevent fraudulent accounts and bonus abusers from even claiming a promotion. So, there is no way around the rules – respect them and enjoy your online betting adventure!
Terms and Conditions of Sports Betting Bonuses
We already mentioned the wagering requirements and the minimum odds attached to sports betting bonuses, but what else do you need to pay close attention to? Terms and conditions are often very extensive and they contain tons of rules you must adhere to if you are to use the bonus successfully.
With that in mind, some other important pieces of information in a bonus T&Cs can include:
- Bonus duration – as you may imagine, bonuses are not valid forever, so you will always see a predetermined period in which you must complete the wagering requirements and use the promotion. After that period ends, the bonus is no longer active. Welcome bonuses, for example, are often valid for 30 days.
- Minimum deposit – almost all bonus has a minimum deposit amount you need to respect to claim it. Deposit match bonuses, welcome bonuses and even cashback incentives have a minimum deposit rate, so never forget to check this section.
- Maximum winnings – for the bookie to protect itself, it may impose an upper limit on the amount you can win from the bonus itself. Sure, you can win good money with a bonus, but not sums that go into millions and millions!
- Payment methods – during our research, we have seen that some bonuses have restrictions regarding the payment methods eligible. Sometimes, e-wallets such as Skrill and Neteller are not available for promotion.
- Eligible markets – a bonus may be available only for Premier League matches, as an example. There might even be a special competition that the bookie seeks to promote with a certain bonus, so don’t forget to see which events you can place your wagers on.
- One bonus at a time – finally, it is very rare to find a sports betting site that allows users to combine bonuses during their betting journey. So, don’t be in a rush and take your time – use bonuses one by one as you see fit!
FAQ: Sports Betting Bonus
A betting bonus is a promotional offer that bookmakers in Nigeria offer to new and registered users. You can be rewarded for anything – from signing up on the site to being a loyal member.
All of our recommended sports betting sites in Nigeria offer various sports betting offers you can utilize. Feel free to check out our list and choose a site that matches your preferences!
This mainly depends on your taste as a bettor, so there is no universal answer to this question. Some prefer deposit match bonuses, while others are more into free bets or cashback incentives.
Sports betting sites run on one premise when bonuses are in question – one promotion at a time! So, you won’t be able to use bonuses in conjunction with each other, one by one is the way forward!
Bookmakers have different internal policies about how many and what types of bonuses they offer. Therefore, we expect sites to offer you a bonus for every stage of your betting journey, but the exact frequency varies from one operator to another.
Yes, there is a maximum cap you can bet on when using bonuses at sports betting sites. The exact amount depends on the bookie itself, once again.
You can wait, but make sure that it is not too long! Every bonus has an expiry date, so you must pay close attention to that!
Pros and Cons of Sports Betting Bonuses
Pros
- You can boost your bankroll when wagering on your favourite sports
- You can experiment and see what the bookie has to offer in terms of markets and betting options
- Reliable bookies will even offer personalized promotions that you can benefit even more from
Cons
- Some bonuses come with high wagering requirements
- There is always a minimum number of events and minimum odds
Betting Predictions
One thing you must not avoid doing when betting is to do your research. You must know what form the team or the player is in now, how good is the history against the current opponent, and so on.
Even though we trust you to do your research, a bit of a helping hand wouldn’t hurt, would it? So, if you want to see objective and thorough betting predictions, you are at the right place! See our predictions for the biggest sporting events and make better-informed decisions!
Where Can Punters Find the Best Betting Bonuses?
Well, you are here already, so make sure you don’t leave! By now, it should be easy for you to see why we are the number one place in Nigeria for bettors to obtain valuable information. Therefore, we always make sure to keep our lists of betting offers updated, so you don’t miss a thing!
Final Words: Best Betting Bonuses in Nigeria
Overall, we can sum up this article by saying that there is plenty to look forward to if you claim the right sports betting bonus. As you can see, choosing the right bonus is not exactly a walk in the park, as you must pay close attention to several key pieces of information.
Nonetheless, once you grasp all we have mentioned about betting offers, you will see that finding the right one is not so difficult after all! All that is now left for you is to choose one of our recommended operators, register and claim exclusive offers according to your preferences!
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Bet9ja Strengthen
- Over 100 betting markets
- In-play betting and live-streaming
- Amazing mobile betting app
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22bet Strengthen
- Live betting and live statistics
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1xBet Strengthen
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