Punters in Nigeria have more than fair of sports betting bonuses from which to choose. Almost every online sportsbook offers a bonus or two. Considering the sheer volume of bookmakers operating in the country, bonus options are almost limitless. Hence bettors might find the selection process a tad tedious. It’s worse for beginners who barely have an idea of which offers are the best. This guide compiles a few basics of betting bonuses to help punters find the most suitable offerings.
Top 5 Bonuses At Nigeria Betting Sites July 2021
- Great Welcome Bonus
- Easy to Navigate Website
- Variety of Promotions and Bonuses
- Fast Withdrawals
- 5x Turnover of Your Bonus
- Min. Odds of 1.4 or Higher
- 30 days to Fulfill the Bonus
- Operating Since 2007
- High Wagering Limits
- Mobile App Available
- User-friendly Design
- Excellent Loyalty Club
- Seamless Interface
- Excellent Promotions
- Dedicated Virtuals Section
- ACCA Betting
- Asian Handicap
- Live Streaming
- In-Play Cashout
- Asian Handicap Betting
How Sports Betting Bonuses Work
Betting bonuses are promotional offers that sportsbooks avail to customers. Punters can claim bonuses to help them boost their bankrolls. Nigerian betting companies use these promotions to entice customers. The growing number of bookmakers makes it necessary for each operator to find a way to attract users. Therefore, they need incentives to convince punters that they are worth considering and bonuses help with that. Betting offers are usually in the form of free bets, but they can also be cash offers.
- You can make real money
- Increase your betting power
- Does not always require a deposit
- Stretch your budget further
- Time restrictions
Sportsbook Bonus Offers
Sports betting offers come in different kinds, and knowing how each one works is crucial. Therefore, we highlight some of the top alternatives for Nigerian players.
Almost every online bookmaker has a welcome offer. This sports bonus is available to new users only because it’s an incentive for punters to register with a particular site. Usually, a signup bonus is available after you deposit funds. Mostly it’s a deposit match, but some operators also have free bets.
Matched Deposit Bonus
This type of bonus requires a deposit first. The bookmaker commits to match your deposited funds for a certain percentage. It can be anything from 50%-200%. Also, the offer is capped at a particular amount.
No Deposit Bonus
A no-deposit bonus is highly valuable because you don’t need to fund your gambling account. You can get bet credits or bonus cash. Sone deposit-free bonuses are cashable meaning that you can withdraw the winnings you get from them. However, the offers are usually smaller than other promotions.
Glossary of Sports Betting Bonuses
If you are to leverage various online sports betting offers, then you should be familiar with some of the terms used. This section of the guide defines the most popular ones.
A free bet is a stake of a specific value that a sportsbook offers to pay so that you can wager on sports selections. Therefore, you don’t contribute to the wager. For the same reason, you won’t recover that stake in case you win. An operator usually indicates the types of wagers that you can make with a freebet.
This type of bonus is slightly different from a free bet. It serves as insurance for your real money bet. A betting site offers to return your stake if you lose. Hence, you won’t be risking your money. Nigerian betting sites typically give risk-free bets to new customers.
Also called moneyback or a win-win bet, cashback refers to an offer by an operator to give back a percentage of your losses. Bookmakers sometimes have this bonus in the form of bet credits rather than cash. Therefore, check the type of cashback deal offered before claiming it.
Some Nigerian sportsbooks provide extra funds that bettors can use to wager on various sports. This bonus type is called bet credit. The promotions do not require you to put up your own funds to contribute to the stake. However, an operator might need you to place a qualifying bet first before receiving bet credits.
Other Popular Offers and Promotions
Nigerian punters have a plethora of other offers on which they can capitalize. This guide explores some of the most common offerings at sports betting websites.
As the name suggests, the bonus aims to increase the odds of a bet. Consequently, the bookmaker increases the price of a certain selection. Also called enhanced odds, the offer does not give you monetary value. However, if you win, then the offer guarantees bigger profits than you would receive with regular odds.
In this bonus, a bookmaker increases the price of an accumulator bet. So, it works similarly to enhanced odds except that it is limited to selections with accumulator wagers, such as football. Usually, the offer is for a certain percentage. An example is the Betway Nigeria Win Boost promotion. The offer boosts your multi bet winning up to 100%. For each leg added to your bet slip, the operator enhances your winnings. For instance, 5 legs get a 5% boost.
An operator offers to insure your accumulator bet. Hence, if one selection in an accumulator wager loses, rather than lose the entire bet, the insurance kicks in and pays you in bonus cash, bet credits or free bets. It means that you minimize your risk when making accumulator wagers.
BOG - Best Odds Guaranteed
When you take a price on your selection but then the starting price turns out to be bigger, an operator with Best Odds Guaranteed pays out the better odds. Although the promotion is popular for horse and greyhound racing, online sportsbooks offer it for various other markets.
Reload Betting Bonuses
Also called a recharge offer, a reload bonus is a different type of deposit bonus. Bookmakers provide recharge promotions to encourage existing customers to keep funding their accounts. Some sites also give this bonus to returning bettors to incentivize them to reactivate their accounts.
VIP Program and Loyalty Offers
Another way that sportsbooks reward Nigerian punters is through loyalty programs. Most top betting websites have a scheme that allows customers to earn loyalty points from their wagers. The points are usually redeemable. A sportsbook can also have a VIP program where big spenders get to enjoy all sorts of perks, such as personalized offers.
Terms and Conditions When Using Betting Bonuses
Never use betting bonuses without knowing the attached conditions. The following are some elements to consider.
Wagering terms dictate the number of times that you have to stake through a bonus before withdrawing any winnings from it. Besides specifying the multiplier, rollover conditions usually include the odds and types of bets that you can make. For example, an offer might exclude wages made on live score markets.
Operators have to limit potential winnings from promotions and, so they specify the minimum odds on which to bet. Therefore, check the minimum odds requirements to see if the bonus is worth claiming. Higher the odds = greater the risk.
Bookmakers impose time limits to encourage customers to use bonuses. For example, a first deposit bonus might expire in 7 days meaning that you have that long to wager it. Time limits vary across promotions and sportsbooks, thus the need to check them keenly.
Other Betting Bonuses T&C
Due to the wide variety of sports bonuses present online, bookmakers impose various other terms. For instance, some promotions are specific to certain markets, such as acca boosts for football and basketball. Minimum deposits apply to many offers. In such a case you have to deposit a particular amount to get the bonus. Some bonuses have promotional codes that users have to submit to qualify.
Tips For When Using Betting Bonuses
If you are to gain value from online sports betting promotions, then you should know how to best leverage them.
Bigger Betting Bonuses Does Not Mean Better
Don’t concentrate too much on the size of a bonus. Although monetary value matters, it should not be the only determinant. For example, if it’s a no deposit bonus for football betting, check the rollover terms. Find out if winnings are cashable.
Check The T&Cs
The promotional conditions dictate its suitability. Check that the terms are not too strict. If you prefer betting on live score matches, then you need a bonus that facilitates that. Reading the terms beforehand will avoid confusion during payout.
As much as it’s ‘free money’, don’t wager bonuses haphazardly. Employ the same discipline you would if you were risking your real bankroll. Know which bets to focus on to maximize profits.
Highly competitive odds
Lacks a live chat function
100% up to ₦100,000
Improve Your Chances with Betting Bonuses in Nigeria
Sportsbooks in Nigeria provide a slew of promotions for online sports betting. Punters of different skills, budgets and experiences get to choose from a wide variety of bonuses. Whether you are playing on an app, mobile website, or standard online bookmaker, you can be sure of accessing sports bonuses. With the information in this guide, finding the best betting bonuses is not complicated. Analyze your gambling needs then take the time to find a promotion that satisfies them.