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Betbonanza review

Ratings of Key factors

starstarstarstarstar5.0 / 5.0

starstarstarstarstar5.0 / 5.0

starstarstarstarstar5.0 / 5.0

starstarstarstar4.0 / 5.0

starstarstarstarstar4.5 / 5.0

What's good and what's not


  • Generous welcome bonus
  • Good mobile betting service
  • Competitive betting odds
  • Diverse betting markets


  • Slow withdrawals
  • Bonus terms are hard to fulfil
Community Rating: 4.6/5
  • 5 stars
    9 votes
  • 4 stars
    6 votes
  • 3 stars
    0 votes
  • 2 stars
    0 votes
  • 1 stars
    0 votes

Betbonanza is a betting site looking to cement its place in the heart of Nigerian players. Since storming the scene in 2014, Betbonanza has been striving to provide a fair, all inclusive, reliable and top notch betting opportunity for users.

In a bid to break into the class of top betting sites in Nigeria, Betbonanza offers multiple sports betting options, great rewards and promotions, a fantastic selection of online casino games, plethora of betting markets, virtual football and so much more.

In fact, if you want to try your hands on other non gambling related options like election and so on, Betbonanza has you covered.

Betbonanza is a local betting site in Nigeria operating within the framework of various gambling laws and regulations. It has sorted out all your safety and security concerns by obtaining relevant national and state government licences in Nigeria.

So, you can bet anytime, anywhere, without looking over your shoulder.

Betbonanza has been built to accommodate every bettor’s needs and concerns. It offers both online and physical shop services to ensure they are accessible to people who do not have Betbonanza mobile.

This is why we think our independent review will convince you just in case you haven’t decided if you’re going to register a Betbonanza account today.

Betbonanza Sports Betting

Betbonanza has been around for almost a decade however it is yet to reach that much desired popularity among punters in Nigeria.

Nevertheless, we can’t take away the fact that Betbonanza has displayed a thorough understanding of what a bookmaker should have on its platform if it intends to make waves in the Nigerian betting industry.

Over the years, Betbonanza has consistently evolved to create an all inclusive sports book section that features a variety of sports from the very popular ones to the not so popular. On Betbonanza, you can bet on American football, baseball, basketball, football, tennis, table tennis and many more.

These sports come with a variety of betting markets to widen your pool of options.

Betbonanza Football Betting

In a diverse and multiethnic country like Nigeria, football is a unifier. Its popularity is second to none, appealing to every strata of the society on a daily basis.

As one of the betting sites in Nigeria, Betbonanza understands why football must take centre stage on its sports book section, and that’s exactly what it has done.

The sport section located on the top left corner of the page is designed with a football icon.

When you click it, you will find football games you can bet on from the Premier League, Serie A, La Liga, Champions League and all the way to the Chinese League, Major League Euros, AFCON and lots more.

Each of the leagues and competitions covered by Betbonanza comes with a wide range of betting markets from the traditional ones to other unconventional combinations, long term bets and specials you can think of.

To bet on football at Betbonanza:

  1. Register
  2. Enter your Betbonanza login details
  3. Top up your account with at least ₦100
  4. Click football in the sports menu at the top left corner of Betbonanza page
  5. Select the league or competition you want
  6. Select the betting market
  7. Place your bet

Don’t forget to take advantage of boosted odds and free bet offers on selected leagues and competitions covered by Betbonanza. If you want to play some virtual games as well, Betbonanza has you covered.

You can play and earn instant winnings from simulated football matches.

These matches have real club names but the results are entirely simulated and usually available every 3 minutes. So, you can play any of the games whenever you want quick and easy profit.

Betbonanza Betting Odds

Apart from a large pool of games and events it offers, Betbonanza also boasts of high betting odds for new and existing users.

These odds are one of the best in the market and they will certainly aid your quest for big winnings on the platform.

The odds are readily available on sports, virtual or even top online casino games like Aviator. Also, Betbonanza offers boosted odds on selected games, increasing your winning potential in multiple fold.

So, if it’s high odds you’re looking for, Betbonanza is the place for you.

Betbonanza Live Betting

Betbonanza has a wonderful live betting feature covering sports like football, basketball, volleyball, tennis, cricket, futsal and others.

No matter what time of the day or where the event is going on, you will find it on the live betting section of Betbonanza.

Betbonanza’s live betting feature is available on the top part of Betbonanza mobile or android app.

There you will find live games you can play on the go or you can monitor the bets you placed earlier

Betbonanza Cashout

Betbonanza has a good cash out feature which puts you in the driver’s seat, letting you decide if you want your game to reach a natural conclusion or you want to make a quick return on your bet.

Also, Betbonanza gives you 10% of your potential winning if one game cuts your ticket. To enjoy this offer, go to Betbonanza mobile or physical shop.

Select 10 or more games, select the cut 1 option and get a fraction of your win if one game doesn’t go as planned.

This is a fair offer which still gives you something to win even if all the 10 selection in your slip do not come through.

Betbonanza App

Betbonanza has an app for iOS and Android users
The Betbonanza Apk app is available on the Betbonanza mobile site.

Click the top of the page, download, go to your settings, allow installation from unknown sources and start using your Betbonanza app.

For iOS
Just go to your App Store, download and install Betbonanza. This way, you can register, log in , make payment and place bets on Betbonanza without moving an inch

Betbonanza Registration

To open a Betbonanza Account:

  1. Click the orange coloured “register now” button
  2. Enter the required details including you email, phone number and preferred password
  3. Enter a referral code if you have one
  4. Check the box to confirm you understand the terms and conditions and that you are at least 18 years old
  5. Click the orange coloured “complete registration” button
  6. You can now enter your Betbonanza login to access your account and start placing your Betbonanza bets

Is Betbonanza Legal

Betbonanza operates with a licence issued by the National Lottery Regulatory Commission and the Lagos State Lotteries Board. With this, Betbonanza is required by law to provide a safe, legal and trustworthy betting environment.

This means they must pay you your winnings and also protect against underage gambling, money laundering and other financial crimes

Betbonanza Payments Methods

Betbonanza offers a variety of payment methods such as:

  1. Bank Transfer
  2. Bank Deposit
  3. Bank Cards
  4. E wallets
  5. USSD
  6. Internet banking
  7. Deposit in a betting shop

For all these methods the minimum deposit is ₦100. Deposit via internet banking option like GTApp will attract a charge of ₦50. The deposit is instant

For withdrawal, the minimum amount is ₦1000 and you need to have a Nigerian bank account as only bank transfers are allowed.

Betbonanza Welcome Bonus

  1. Betbonanza offer new users a whopping 350% welcome bonus up to ₦140,000
  2. The bonus is divided into 3 phases
  3. 100% on your first deposit up to ₦100,000
  4. 100% on your second deposit up to ₦30,000
  5. 150% on your third deposit up to ₦10,000

After unlocking the first deposit bonus, Betbonanza will email you how to get the second and third bonuses respectively.

To unlock the bonus, it must be wagered 10 times on any pre-match or live bet selection. The minimum odd to qualify is 1.85.

Also, bonus code FIRST100 must be activated within 7 days from the day the deposit was made.

For the second and third bonuses, it must be wagered 6 times on pre or live matches with odds of at least 1.85.

Read more about Betbonanza welcome bonus.

Other Bonuses

Virtual Cashback
Enjoy up to ₦50,000 cash back on Virtual sports! By simply placing a minimum of 10 bets on Virtual Sports or BonanzaBallz games before 23:59 on Sunday.

If you place this bet within your first week of registration, you will qualify for the cash back.

In this case, you will be rewarded on Tuesday either you lose or win your bet.

Yakata Bonus
Boost your multibet winning potential by up to 225% and enjoy bigger odds on your bet. To qualify, you must add at least 5 games to your slip. The games must have odds of at least 1.20 each.

The more games you add, the higher the multibet bonus. Add up to 40 games to get the maximum boost amount

UCL Freebet offer
Log in or register at Betbonanza, place a bet of ₦500 or more on any UCL fixture with total odds of 10 or more, and you'll get a ₦200 freebet for the weekend.

Betbonanza Weekly Freebet

Enjoy freebets from ₦250 up to ₦5,500 every week on Betbonanza.

Keep placing bets on any sports of your choice from Monday to Sunday and free cash no matter the outcome of your bets

Betbonanza Customer Support

Betbonanza customer service is available via:

  1. 24/7 Live chat
  2. Email
  3. WhatsApp
  4. Phone number
  5. Social media

Click the icon of any of these at the bottom of the page and you will be redirected to where you can lodge your complaint.


Betbonanza operates with licence from national and state licensing agencies. 

Betbonanza is only working in Nigeria at the moment.

Betbonanza accepts payment in Naira through bank cards, bank deposits, USSD and digital wallets.

Yes! Card payments of any kind are accepted in Nigeria.

Betbonanza has an iOS and Android mobile app to aid all your betting transactions.

Betbonanza offers a 350% welcome bonus up to ₦140,000.The bonus is divided into 3 phases as you unlock different amounts on your first, second and third deposits. 

Betbonanza Score

starstarstarstarstar5.0 / 5.0

Betbonanza Bonus

350% UP TO ₦ 140,000
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