Cashback bonuses in Nigeria

Find the betting sites with the best cashback bonus right here.

We know how painful it is when you lose your bet and have nothing to fall back on. This is why we have done our research to help you get some money back on your bet. 

This fund can help rebuild your bank roll and give you another chance to place and win bets later on.

In this article, we will answer some questions like what is cashback?, including where and how to get the best cashback bonuses in Nigeria.

You can take a look at the cash-back bonuses on this page, compare and contrast before you choose the one that suits you best.

What is cashback?

As the name implies, cashback gives you a percentage of the losses you might have incurred on your bet.

It is a kind of consolation given by bookmakers to help you ease the pain of losing your money. They are designed like insurance against any possible loss of your stake.

Basically, you will get back a portion of money that you previously lost when you placed your bet. Cashback bonuses vary depending on the bookmaker. They can be 10% of the money lost over a certain period or sometimes 12% of deposits made during a period of time.

Cashbacks can also come in the form of loyalty rewards and VIP packages. In this case, customers are rewarded for being consistent with the bookmaker. The more bets you place, the more points you will earn and you will continue to rise up the ladder till you become a premium customer.

After that, you will be getting certain benefits such as money back on your bets.

It can come as a zero risk bet. This means if you place a bet and lose, you will be getting your stake amount returned by the bookmaker. You will walk away a happy man knowing that you have not lost anything as the betting site has covered the cost of the bet you placed. This is also known as a risk bet. 

Cashbacks can also come in the form of rewards for using a payment platform. For instance, 1xbet offers 30% money back if you top up your account with MoneyGo.

Just like every other betting offer, cash-back bonuses come with terms and conditions. The conditions cover a variety of issues like number of bets placed over a period, minimum odds and stake amount, including wagering requirements before the cashback can be used.

You need to study these terms before you choose the betting site with the best cash-back bonus. 

Cash back terms and conditions

Minimum loss: The amount you must have lost on your bet to make you eligible for a cash-back reward. 

Bonus percentage: This also varies depending on the betting site. The percentage can be as low as 3% or as high as 30%. It represents the fraction of your money that will be returned to you.

Eligible bets: This is where you need to pay attention to bet types, minimum odds, and the eligible sports or game. If you do not have the required odds or the betting market, you might forfeit your cash back bonus. 

Wagering requirements: You may be required to meet certain wagering criteria before you can withdraw or use the cash back bonus. This is also known as rollover requirements and has to do with the number of times the bonus must be staked before you can remove it from your betting account. 

See some of the latest and the best cashback bonuses at the moment:

Wazobet Saturday Cashback bonus

Get 12% of all deposits made from Sunday to Friday. The Сashback amount is a percentage of the difference between deposits, withdrawals, and all automatic charges. Cashback is credited automatically to your Account Balance.

If you have made deposits and bets on games less than 5 days out of the 6 required billing periods, you will receive a 7% Cashback refund.

Also, if you have made deposits and bets on games for 5 of the 6 days required in the billing period, you will receive a 10% Cashback refund.

In addition, VIP customers who have made deposits and bets on games for at least 1 of the 6 days required in the billing period will receive a 12% Cashback refund.

1xbet No Risk Bet

1xbet No risk bet is a free bet up to ₦50,000 if you bet on selected matches and your bet is lost.

This offer applies only to the first bet placed on the eligible matches once the offer has begun (one bet per match is eligible). If your Correct Score bet loses, you'll receive a free bet worth your lost stake, up to the maximum free bet amount.

If your first eligible bet wins (or if it is not a single Correct Score bet), the free bet will not be credited.

Betwinner Sports cash back

Play every day over the course of the week and get the reward you deserve!

At the end of each week, the total amount you have lost in bets on sports events will be calculated (minimum odds: 1.5).

The bonus is equal to 3% of the total amount you have lost in bets, up to a maximum of ₦1,487,563 

The minimum payout amount is ₦1488.

The bonus will be automatically credited to your account as funds each Tuesday.

Megapari bonus for a series of losing bets

Megapari offers support to its players during difficult times by giving them a bonus for a series of losing bets!

For a series of 20 losing bets you will receive:

• Stakes from ₦2976 – ₦148757
• Stakes from ₦7438 – ₦371891
• Stakes from ₦14876 – ₦743782

To qualify for this bonus, register with Megapari and place 20 bets in a row on different sports events. All the bets must be settled as lost. 

22bet NBA playoff cashback 15% up to ₦161705

Place at least 10 accumulator bets with 2 or more selections, each selection at odds from 1.5, on NBA PlayOffs matches.

The minimum cashback amount is ₦1619. The maximum cashback amount is ₦161903.

Betwinner, 1xbet,  Melbet and Paripesa offer VIP cashback for customers that have attained level 8 in their loyalty point based system rating. 

There are 8 levels in our loyalty program. All players start at level 1 (Copper). To advance to the next level, keep playing your favourite games in the casino section.

The higher your level, the bigger your cashback! Players who reach the highest level get exclusive offers, VIP support, and their cashback is calculated based on all their bets, regardless of whether they win or lose.

Betbonanza Cut 1 insurance

Get 10% of your potential winning if one game cuts your ACCA bet. Place a bet on multiple games of at least 10 selections and enjoy some cash back if one game lets you down.

Paripesa  3% Weekly Cash back

Enjoy 3% of the total stake of your weekly lost bets in the Paripesa weekly cash back offer.  The cash back is automatically credited on Tuesday after assessing the amount you wagered the previous week.

The minimum amount you can get is ₦1620 while the maximum is ₦1619750.