Betbonanza is a Nigerian sports betting site that should capture your attention if you want an all-in-one platform for online gaming. It features a casino section and even virtual games for a fun experience. Even so, many more features lie in wait once you enter the site.
We’ll break down each section from a bird’s-eye view to an in-depth analysis. Betbonanza launched in the country in 2019, but it has quickly climbed the charts as the fastest-growing sports betting site. That means it has gotten a few things right, things we intend to uncover with this review.
We will talk about the sportsbook, the live betting options, the casino, the ways to pay, and the bonuses and special offers. A platform like Betbonanza deserves nothing but the best, as it pushes an exceptional experience into the Nigerian betting industry. So, here is our extensive review of this online betting platform for 2023.
Year Established 2019
Country (License) Nigeria
Min Deposit ₦100
Betting Margin Decimal
Pros & Cons
Betbonanza has its upsides, especially for sports bettors. However, casino players might feel that the operator is more focused on sports betting than the casino section. No online gaming or sports betting platform has it all, and we don’t expect any to.
With that in mind, here are Betbonanza’s pros and cons:
ProsLow wagering requirements Virtual games welcome offer Great odds and markets There is a lite platform
ConsLimited payment methods No live streaming for ongoing matches No live dealer games
This online betting site starts as a sportsbook but has other gaming verticals. Its sports staking services bring in several sports and matches worldwide. As a result, you can pull up at many sporting events, explore the markets and odds, and place your wagers.
The sports betting platform has a familiar layout, with sports on the left and matches and betting markets in the center. You’ll find the bet slip on the right side of the screen as you rake in the wagers. Overall, the operator offers a decent platform for sports betting, but let’s dig a little deeper into its featured sports.
Soccer is the most popular and most represented sport in the world. You can find matches almost every day to fill your bet slip and boost your potential for a win. Hence, it is one of the most sought-after betting markets in online sportsbooks.
Fortunately, Betbonanza steers the right course with its soccer markets. Bettors will find more than enough each time they log into their accounts. The platform hosts 1,000-plus soccer events every day.
Despite the number of soccer events, Betbonanza provides filters to narrow the results. You can search for international matches or pick from ongoing tournaments. If you need more, the sportsbook features matches from over 70 countries worldwide.
This incredible experience comes matched with extensive betting markets and competitive odds for punters. They include:
- Over/under (home and away)
- Asian handicaps
- Home no bet
- 2-way handicaps
- Away no bet
- Half-time/full time
- First goal
- Last goal
- Win to nil
The markets continue as you scroll down the betting page. Besides the match outcomes, Betbonanza also lets players wager on the players. You can pick the player to score the first or last goal.
Betting on a live match may reduce these markets, but the sportsbook offers competitive odds. Go to the live section and scroll to explore the available options. You’ll be satisfied with the number of games, odds, and betting markets Betbonanza has on soccer.
If soccer is your primary sport, this online bookmaker covers you. Its collection covers all the events one can expect in soccer, from one country to another. Click “Soccer” on the primary sports betting page and tour the available games.
The sportsbook allows punters to add multiple bets to their bet slips. Hence, you can review and wager on other games to increase your potential winnings. The bookmaker also supports multi-bets and combined wagers.
Basketball has many well-known tournaments, such as the NBA, the Euro League, the Euro Cup, the FIBA Champions League, and many more. The daily available sporting events are nowhere near what soccer offers, but they are adequate. You’ll find hundreds to wager on every day.
Betbonanza has basketball games from Spain, Italy, Argentina, Poland, Belgium, Australia, and many other places. You can use them to filter the results that appear in the middle. International tournaments are also available.
This online sportsbook groups its betting markets into four categories: main, handicaps, totals, quarters, and halves. You can pick any to find the markets that pertain to them or use the “All” button to see everything. Either way, you’ll find a remarkable number of competitive odds in this section.
The markets include 2-way handicaps, over/under, handicaps 3-way, totals 3-way, odd and even, first-half totals 3-way, etc. Even for the lesser-known basketball events, we were impressed with how extensive this section was. Notwithstanding, this online bookmaker matches the impressive markets with competitive odds.
You can use functions like “Retain section” or “Remember last stake” to simplify and quicken your betting process. With many events popping into the scene daily, these tools can augment the wagering experience.
Soccer, basketball, and tennis often have the most daily sporting events. On that account, tennis rounds up this section of the sportsbook review. You can catch up with your favorite players as they navigate different tournaments.
Betbonanza features over a hundred tennis games daily. Unlike the previous sports discussed, the bookmaker does not provide betting markets on events in several countries. What we see are the global events broken into several men’s, women’s, and doubles tournaments.
There are few wagering options for tennis events, but the platform has dozens of odds under the few betting markets. You’ll find odds for odds and even, over and under, totals 3-way, handicaps 3-way, 2-way handicap, match winner, etc. There isn’t much to go by in this sport.
Switching to the live staking section introduces more markets to punters. It brings the following:
- Games total points
- 2-set winner
- 2-set spread
- 2-set total
- Total tie breaks in the match
- Set 2 correct score
- 1st point winner
- 10th game to deuce
- 1 Set Handicap
- 1 Set Winner
Indeed, Betbonanza has not gone easy on its betting markets for tennis. It offers adequate options to accommodate professional and first-time bettors. The layout is also easy to navigate, from the tournaments to the markets, odds, and bet slips.
Betbonanza Live Betting
Betbonanza offers live betting on ongoing matches. However, this option is available for fewer sports than the sportsbook supports. We have soccer, basketball, tennis, volleyball, baseball, snooker, badminton, darts, etc.
The live betting markets also differ from the futures markets by a small margin. They have many similarities, but in-game bets take things one step further. The major limitation of this online bookmaker is the lack of live streaming.
BetBonanza gives updates on the scores of the games, but bettors can’t watch them live. Statistical reports on the players’ and team’s performances are also notably absent. This inadequacy might cause bettors to turn to other platforms for real-time analysis of matches.
Still, the provision of live betting markets puts the bookmaker among the leading sports sites in the country. The odds are competitive and arguably higher than those in the pre-match betting section. One tap should be enough to get you into this section for live bets.
How to Bet on Betbonanza
Time needed: 5 minutes
This online sports betting site makes it easy for people to place bets on sporting events. Follow the steps below to engage in real-money wagering on the platform successfully.
This online sportsbook reserves real-money bets for registered players. Hence, you must become a member before you can wager and cash out your winnings. The registration process is simple and takes just a few minutes to get you on board.
Here is what to do to register with Betbonanza:
– Open the official webpage via the link provided on this page.
– Click the orange “Register Now” button at the top of the page.
– Enter your username, email, password, and phone number.
– Tick the box to confirm your legal age and agree to the terms and conditions.
– Click “Complete Registration” to end the process.
- Deposit into your account
The bookmaker will redirect you to the deposit page after you complete the registration process. Although we will explore the payment options more in a subsequent section, the bookie has adequate methods. It even supports transfers via USSD codes for easier transactions.
Fund your account with an adequate amount of money, enough to bet on the games. The bookmaker allows a minimum deposit of ₦100 regardless of your payment method. You’ll need more, up to ₦2,000, if you use the Quickteller Paypoint Agent option.
Placing bets won’t pose a challenge once you have adequate funds. However, there is one more step before that.
- Get Bonus
Betbonanza offers a welcome bonus to sports bettors and other players. You’ll find a package for the casino section and virtual games. So, you don’t need to worry about only going in with your deposits.
Bonuses are available on the platform but have specific requirements, including a minimum deposit.
The bookie might allow as little as ₦100, but that does not mean you need that amount for the bonus packages. We’ll look at these requirements more in the bonus section of the review.
Use the bonus code while funding your account for the first time to unlock the offer. Then, you can go ahead and wager on the games.
- Start Betting
This is the final step to placing wagers on the sportsbook. You can pick any game and bet on the odds. However, pay attention to the bonus requirements.
The bookmaker might need you to place a certain number of bets before you can get the bonus money. It is essential to observe this condition and bet accordingly. Once through, you can explore the markets as you please.
Betting is as simple as picking a game and a favorable odd. Click the odds to open the bet slip. Then, you can set the amount you want to wager and add more bets to the slip.
Betbonanza Bonuses and Promotions
We’ve run through a few basic features of the sports betting platform. That has given us adequate background knowledge about Betbonanza. Now, it’s time to explore the bonuses and promotions on the site.
These rewards add spice to the experience by offering more cash than we have to wager. Bonuses are standard features on most online gaming platforms. However, we are eager to see how unique Betbonanza’s take is compared to others.
Keeping that in mind, here are the bonuses and promotions available:
- Welcome Bonus→ 350% Up To ₦130,000
- Tuesday Reload→ 50% Up To ₦10,000
- Yakata Bonus→ Up To 225% bonus
Betbonanza Welcome Bonus
This online gaming platform includes rewards for each section, including its sportsbook, virtual games, and casino sections. That means you’ll get something regardless of your preference.
Terms and restrictions apply to Betbonanza’s welcome bonus and they include:
- 100% bonus up to ₦100,000 for sports betting
- Up to ₦50,000 cashback on virtual games
- 50 free spins on the Bomb Bonanza casino game
Here’s how to get your Betbonanza signup bonus:
The sports bonus requires a bonus code (FIRST100) when funding your account. It is straightforward, as you’ll receive it once you deposit the required amount. Regarding that, the gaming operator accepts a minimum deposit of ₦100 and a maximum of ₦100,000.
The cashback comes after you place ten wagers on virtual sports or Bonanzaballz games within the stipulated time. However, winning the wagers forfeits the ₦50,000 bonus.
Betbonanza allows punters to wager the ₦100,000 bonus on pre-match and live games. However, you must stake ten times to complete the wagering requirement.
This promotion brings a 50% reload offer up to ₦10,000 every Tuesday. Fund your account and use the bonus code BONUS50 to unlock the offer. Then, the operator will automatically transfer the funds to your account for betting.
You can use the bonus cash on any sports market, including pre-match and live bets. But you have to bet it ten times to meet the playthrough requirements and be able to cash out your winnings.
The minimum odds you can bet on are 1.85. Everything else outside of that is available until you complete the wagering requirements. Then, you can look forward to next Tuesday for another reload.
Bettors that enjoy combining wagers will love this one. The promotion offers a 225% bonus on the winning ticket. However, you’ll need at least 40 selections on the bet slip to unlock it.
This promotion is progressive, meaning the bonus increases as you add more selections to your ticket. The least is 5%, which comes with five selections. Also, the sportsbook will display the potential meanings as you add more.
The bookmaker will only apply the bonus to selections with odds of 1.2 or higher. Other odds lower than this value will have the original winnings.
Unlocking Additional Features on Betbonanza
Aside from the bonuses listed above, here are other features on Betbonanza:
One game cut
This online bookmaker will give bettors 10% of their winnings if one game cuts their ticket. Although it is far from what you would’ve won, it is still good enough to get something out of a loss. You need at least ten selections on your ticket to qualify for this feature.
How Betbonanza Stacks Up Against Other Sports Betting Websites
Betbonanza, as a sports betting website, is often compared to other sports betting websites. In the section below, we’ll be going over a few categories by which Betbonanza compares to other sports betting websites.
Betbonanza does not have a fancy design for its sports betting platform. Nonetheless, the existing layout gets the job done with its minimalistic design. The sports are on the left, while the betting markets are in the middle.
There is a search bar to find events or matches with their IDs. That saves time scrolling through the sports to see the event or game. Overall, the user experience is fluid, with fast-loading pages. The bet slip section could be bigger, especially when adding multiple games. Look past that, and you should not have any glitches when navigating from one section to another.
This online sports betting site has a license from two regulatory bodies in the country. On the one hand, we have the Lagos State Lotteries Board, and on the other, the National Lottery Regulatory Commission. Featuring both bodies is the site’s approach to ensuring reliable services to sports bettors. Besides the licenses, the platform provides software encryption for all devices. That protects the personal data of sports bettors, including their finances. The online bookmaker has been consistent in its payouts.Bank transfers are efficient enough, although they are slower than e-wallets. Notwithstanding, Betbonanza is a reliable sports betting provider.
This bookie provides many odds via its extensive wagering markets. It is among the best in this regard, especially when adding more selections to the bet slip. That is when the odds get on their own, giving you higher wins.
The odds on this platform are numerous and competitive. They go beyond the average figures you would find on most online bookmakers. That adds up to creating a robust staking structure for sports bettors on different matches. Click each game to see the betting markets and odds for the outcomes. Betbonanza might not have the best odds, but it is certainly above average.
This bookie covers the typical staking markets you would expect, but it does even more. It features many outcomes in its pre-match section and even more in the live betting setting. The coverage is extensive, beyond what average sportsbooks offer in the country.
This section is crucial to the profitability and versatility of any sports betting platform. It brings outcomes and events, giving you more ways to place wagers. Fortunately, Betbonanza does not disappoint with its comprehensive staking coverage. Click any game, and you’ll see the markets available. That shows the possible outcomes and events that may take place during the match.
Betbonanza has fewer bonuses than most high-end sportsbooks, but the few available are decent. New players can kick off their adventure with a welcome bonus, whether they want to start at the sports section, casino, or virtual games. On these ends, the bookmaker furnishes the experience with adequate bonus cash and spins.
We were thrilled with the wagering requirements on the promotions. The sportsbook maintains a 10-time playthrough on its rewards. You don’t often find that, especially with online sports betting sites. The platform’s reload and Yakata bonuses will keep you going. Then, you can switch to the tournaments for some competitive prizes.
The betting features on this platform are modest, enough to get you through the day with a little extra. Four years is enough time to incorporate modern elements into the structure. However, Betbonanza is on the right side of the divide with its few betting options. The sportsbook offers selection retention on the bet slip to enable faster recall and betting. It is handy if you have a long betting slip with several selections. On the other hand, you can also recall the last stake you made. You’ll find the one-game cut feature helpful when your selection goes south. Although it won’t return 100% of your wager, 10% is still decent.
Switching to mobile sports betting on Betbonanza is seamless. While the sportsbook does not offer a downloadable mobile application, its web version is up to the task. The layout is modified to fit the smaller screens of smartphone and tablet devices.
You’ll find a similar color scheme as with the desktop version of this bookmaker. The side access button brings up the sports, while the buttons at the top will help you navigate the betting markets. Overall, the mobile platform is usable and might even replace your desktop version. It is responsive and portable for staking on the go.
Betbonanza puts up a promising outlook with its customer service. It offers support via live chat for quick engagement with the support team. Alternatively, you can email or call the support team on the phone.
If that doesn’t work for you, WhatsApp chat is another option. It is similar to live chat on the official webpage but on a different platform. These customer service options make Betbonanza a reliable platform that responds to customer complaints. You can also navigate the “frequently asked questions” section to find quick answers to challenges. That will save you time waiting for a reply to your email.
Betbonanza Casino Section
This online gaming platform stretches beyond sports betting into casino games. It offers over 500 titles, including slot machines, jackpots, scratch cards, table games, and crash games. Furthermore, it adds game shows and instant options to ensure variety for players.
Live dealer games are notably absent from Betbonanza Casino. While that disappoints players who love real-time gaming, the casino makes up for it in other areas. The collection has entertaining and rewarding titles that keep the heart pumping.
You’ll find crash variants with high payouts and slot machines with spicy bonus features. Precisely, the casino offers games in the following genres:
- Crash games
- Scratch cards
- Table games
- Instant games
- ESA instant titles
You can jump on the drop & win promo options for a shot to win some spectacular prizes. Betbonanza has several in its coffers, ready to deploy when you log into your account. One click, and you are in for a treat.
What Betbonanza’s Non-Sports Verticals Have to Offer
If you are not into sports betting on Betbonanza, the bookmaker offers other verticals to entertain you. You can pitch your tent on the virtual sports or try out its Bonanzaballz game. Both options carry enough intrigue and rewards to keep the flame on the platform as you bet.
Virtual sports are not new on sports betting platforms. They are the ideal deviation from betting on regular sports like soccer, tennis, basketball, etc. Furthermore, Betbonanza provides live streaming of these events to enable you to follow them in real time.
The options on the platform include the English, Spanish, and Italian leagues. You can also opt for others like Keno.
This game is proprietary to the Betbonanza sports betting site. We mentioned it in the bonus section, which was part of the requirements to use the bonus cash. However, you might need some time to understand the gameplay of this variant.
The game features different balls, and you can bet on the first color to appear. Other bets include over/under, random odd and even, etc.
Betbonanza Payment Methods
Given its presence and licensing in the country, we expected this online bookmaker to feature local payment options. It did not disappoint, as it supported the typical methods we are familiar with. You can even walk into the betting shop to fund your account.
Let’s explore the steps to deposit and withdraw funds from your account.
Betbonanza: Step-by-Step Deposit Process
This online sports betting site supports more than a dozen deposit payment methods. They offer instant transactions with zero fees, except for a few. You might pay up to ₦100 as the transaction fee.
Beyond that, the deposit process is speedy, especially if you opt for online transfers. The deposit process is as follows:
Betbonanza: Step-by-Step Withdrawal Process
Your account will be eligible for withdrawals if you have fulfilled all wagering requirements. Also, the sports betting site only supports withdrawals via bank transfers.
Ensure the name on your bank account is the same as on your Betbonanza account. Withdrawals will be unsuccessful if there are discrepancies between them. Furthermore, the platform only processes withdrawals from ₦1,000.
Follow the steps below:
- GT Pay – Card, bank, 737 banking
- GT Bank mobile app, GTWorld App, GT Bank online
- Opay App
- Betting shop
- Quickteller Paypoint agent
- Palmpay agent
- Quickteller web
- GT bank branch
- Bank branch
- Quickteller mobile app
- Quickteller USSD
- Bank Transfer
We’ve covered the essential features and sections of this online sports betting site. Betbonanza has proven to be a formidable player in the industry. However, it could be better.
Of course, we don’t expect any sports betting platform to have it all. Even so, Betbonanza had room for visible improvements. A little upgrade here and there will make it the best in the Nigerian sports betting industry.
We’ve rounded up this review and rated the bookmaker in several areas. With that in mind, here is our rating for Betbonanza based on our findings:
You’d agree that putting up a reliable betting platform for bettors takes work. The markets must be extensive with competitive odds to match the experience. Fortunately, Betbonanza gets things right in many areas, enough to give it a respectable position among the competition.
The bookmaker provides a comprehensive betting market for many sporting events. It features dozens of sports, virtual games, and a casino section. Furthermore, you can place live bets on ongoing events.
The lack of live streaming and match statistics draws the bookmaker back. We should see these features a few months down the line. In the meantime, the bookie is a reliable place to bet on sports, play casino games, and play virtual sports.
What is the maximum selection for a bet slip?
What is the maximum win on Betbonanza?
How can I activate the Yakata bonus?
Why is Cashout not working?
Why are my withdrawals taking so long?
Can I cancel a withdrawal request?
How can I cancel my sports bet ticket?
Is Betbonanaza safe?
Samuel Okunsolawo is an iGaming expert with over six years of experience in content writing. His passion for simplifying complex concepts makes his articles accessible and useful for beginners and experts alike. With a focus on sports betting trends and reliable betting sites, Samuel’s articles are an excellent resource for those seeking guidance and staying up to date in the world of iGaming.