Betbonanza

Betbonanza Bonus Code

100% bonus for a first deposit up to ₦100,000

Betbonanza is a bookmaker from Nigeria that has been operating since 2014. Bookmaker has a license issued by the Lagos State Lotteries Board.

Betbonanza bonus code FIRST100 is a promo code to get a 100% welcome bonus on your first deposit. The maximum possible bonus is 100,000 NGN. Betbonanza also gives new customers several free spins: the bigger the deposit amount, the more spins. The maximum number of spins a client can get is 50.

Betbonanza welcome bonus is distinguished by a small minimum deposit amount (100 naira) and relatively simple wagering conditions, which will be described below. And even if you are already registered, it is possible that you still have the opportunity to take advantage of this offer.

Do you want to find out how to get and use a welcome bonus by Betbonanza as well as other bookmaker’s bonus promotions? We are going to tell you about that in this article.

Betbonanza welcome bonus

Betbonanza welcome bonus

How To Get Betbonanza Bonus Code?

The Betbonanza bonus code is easy to find: it is written on the welcome promotion page on the site of the bookmaker. To get it, you have to do the following:

  • Open http://betbonanza.com
  • Go to the “Promotions” page.
  • Find the welcome bonus "100% bonus. Sign up today & double your first deposit".

The bonus code is written in the tab of this promotion.

Betbonanza bonus code

Betbonanza bonus code

How To Use Bonus Code?

A bonus code is needed to participate in the promotion for new customers in 2022.

Register at Betbonanza Nigeria and make a deposit.

The bookmaker allows you to enter the promo code within 7 days after your deposit has been credited.

The system will then prompt you to enter the promo code. This must be done within 7 days of making a deposit. By entering the promo code, you will receive a welcome bonus on your account.

In this way, Betbonanza takes care of their clients: often bookmakers ask you to enter a promo code strictly at registration, and if you forget to do so, you will no longer be able to get the welcome bonus.

Welcome Bonus

Welcome bonus is a promotion for new Betbonanza customers. How to get and use it? Register, make a deposit of at least 100 naira and enter the promo code. After that, the customer will be able to get a 100% bonus of the deposit amount, but no more than 100,000 naira. The bookmaker also offers up to 50 free spins for their online casino. The exact number depends on the deposit amount. For a 500 naira deposit, a client will get 5 free spins, which is the minimum; for a 50,000 naira deposit - 50 free spins, which is the maximum.

Welcome Bonus General Terms And Conditions

Let's now detail all the terms and conditions of this Betbonanza welcome bonus. You can only withdraw money once the wagering requirements of the welcome bonus have been met.

Minimum and maximum deposit amount

The minimum deposit amount to get the Welcome bonus is 100 naira. The maximum amount of 100% Welcome Bonus is 100,000 naira.

Wagering period

You can enter the promo code and get a bonus on your first deposit within a week of making a deposit. When you receive the bonus, you will have 30 days to meet the eligibility requirements.

How to wager the bonus

  • The bonus amount must be wagered 10 times.
  • You can place both pre-match and in-play bets.
  • Bets must be placed on markets at odds of 1.85 or greater.
  • Each bet must not exceed 20% of the received bonus amount or 10,000 naira.
  • In order for the bet to be valid, the result must be settled at the end of the event. It cannot be refunded via cash out.

That's how to get and use the welcome bonus.

Once all the wagering requirements have been met, the client becomes the owner of the bonus money. It can either be wagered or withdrawn to the customer's account.

And you get free spins, too

In addition to the bonus money, the client will also receive free spins, the number of which depends on the deposit amount. For a 500+ naira deposit, the bookmaker gives you 5 free spins, 10 for a 5,000+ naira deposit and 15 for 10,000+ naira and so on. You can get 50 free spins if you deposit 50,000 naira or more. Further information may be found in the bonus terms and conditions.

Free spins will be awarded the following Monday after the client has received the 100% bonus for the deposit. The free spins must be used within 3 days of receipt.

Free spins have no additional wagering requirements, which is especially beneficial. Often online casinos set huge wagers on free spins - around x30 to x40. Betbonanza doesn’t give new clients many spins, but there are no additional requirements.

How Get The Welcome Bonus Without Using The Betbonanza Bonus Code?

To get the Betbonanza bonus without using a promo code, you have to:

  • Find the “Promotions” tab in the menu
  • In this list of promotions, find the "100% Bonus".

  • Click on "Register Now!" button.
  • Enter all of your personal information. You will not be prompted to enter a promo code.
  • Complete the registration.
  • Make your first deposit of 100 naira or more.
  • Receive a 100% bonus on your deposit (up to a maximum of 100,000 naira) and a few free spins.

Betbonanza Bonuses For Existing Players

In 2022, Betbonanza is also offering several bonuses for those who already have an account.

Yakata Bonus

Yakata Bonus increases the winning percentage of accumulator bets, depending on the number of events in the bet.

The minimum number of events from which the bonus percentage starts is 5. If the client wins such an accumulator bet, he will get a 5% bonus. If the client places an accumulator bet that contains 6 events, the bonus will be 10%, and so on, up to a maximum of 225%. In order to get the maximum Yakata bonus, you must win an accumulator bet that contains 40 or more events.

No additional action is required from the customer to participate in the bonus promotion, other than to place an accumulator bet in accordance with the requirements.Yakata bonus percentages are only credited for bets at odds of 1.20 or greater, but there can be other bets in accumulators as well, it just won't count as qualifying bets. For example, if 5 out of 10 events in the accumulator bet are played with odds of 1.20 or greater, and other 5 with lower odds, the bonus will still be paid, but only for the winnings of the first 5 bets. The bonus would be 5%. If all 10 selections met the minimum requirements of the promotion, the bonus would be 30%.

Yakata bonus is a great offer for those who like accumulator bets. In most similar promotions that we have evaluated, the conditions are stricter: if at least one event does not qualify, the entire bet does not participate.

At Bonanza, if an event is canceled, it is settled at odds of 1.0 and does not participate in the promotion. But the remaining events of the accumulator bet count. If there are 5 of those, the bet will take part in the promotion.

Combo Boost

This bonus is paid for winning accumulator bets on Virtual Football and Turbo Football. Virtual Football is a tournament that does not involve people: the matches are played virtually in a simulator. English, Spanish, and Italian leagues are available in the virtual football section. The matches are very quick, about 3-5 minutes each. Everyone can watch the broadcasts in the simulator without logging in.

To get the bonuses you need to place an accumulator bet that contains 3 events or more. The more events in the accumulator bet, the higher the bonus. For 3 events, the bonus is 5%, for 5 events - 15%. The maximum bonus is 40% for the accumulator bet with 10 events.

Sports Jackpot

The Jackpot bonus may be called by different names, but the rules for this type of promotion are similar.

To take part in this promotion, the client must place a bet of a certain minimum amount, e.g. 500 naira, in the selected period. This bet must be placed on an event with large odds, for example 15.0, as was the case in the Bonanza Triple Treat promotion held on the bookmaker's birthday. Odds of 15.0 or greater can be reached by either a single bet or an accumulator bet.

In this case, the customers compete for the prize with each other, not with the bookmaker. Whoever makes the highest number of qualifying bets in the particular period, gets the first prize. In Triple there was a 50,000 naira prize. The second bettor in the number of qualifying bets gets 30,000 naira and the third one gets 20,000 naira. Another 100,000 is divided equally among all bettors who placed at least one qualifying bet.

The promotion consists of 5 rounds, each round lasting 1 week. A total of 200,000 naira is drawn in every round.

If there is more than one bettor with the highest number of qualifying bets, the winner is determined by the total amount of bets placed.

Bore Draw

This promotion allows customers to get their losing bet back, if they bet on the exact score of the English Premier League football match and the match finishes 0-0. Bettors could only receive a refund once a day. Just the first bet could be refunded if more than one was placed.

In the 2021-2022 season, EPL teams played a 0-0 draw 22 times. The total number of matches played in a season is 380. Thus, payouts for a boring draw could be received approximately every 17th game. You can read full bonus terms and conditions on the website of the bookmaker.

One Game Cut

One game cut is a risk-free accumulator bet. It works in case such a bet is lost because of a single event. To take advantage of this bonus, the client must place an accumulator bet that contains 10 events or more. If the bet doesn’t win because only one event has failed, the bookmaker will pay out 10% of the potential winnings.

Each event in the accumulator must be at odds of 1.40 or greater and the minimum amount of the bet is 100 naira. In the accumulator bet, 10% of the winnings potential will be three times the bet or more: even if all 10 events have minimum odds of 1.40, the odds for the accumulator will be 29.0.

Other bookmakers have a different approach. Far more often the terms of the risk-free accumulator bet just don't allow you to lose your money. The conditions are usually more lenient there - for example, from 5 events - but you can't have winnings. And at Betbonanza, you can have it, thanks to this promotion.

If any event is canceled, it is settled at odds of 1.0 and does not count towards the promotion. Thus, if 1 out of 10 events in the accumulator bet is canceled, that accumulator will no longer take part in the One Game Cut.

Also, bets that are refunded via cash out do not participate.

The big accumulators are participating in both this promotion and Yakata at the same time. But in the case of the One Game Cut promotion payout, the Yakata bonus is not paid out.

VIP League

The first rule of VIP League Betbonanza is not to tell anyone about the VIP League. The rules of this club are not clearly stated on the bookmaker's website. To become a VIP League member, a client must: "Just play like you usually do and the more you play, the faster you can become a VIP League member".

We at Match.Center really don’t like situations where conditions are not known in advance and publicly. But maybe we are just not VIP enough.

Anyway, this is how Vip League works. Betbonanza manager will notify the customer of his inclusion in the Vip League by phone call, text message or email and tell him what benefits will now be available to the bettor.

Here's what the bookmaker promises for the VIP clients:

  • A personal account manager
  • Bigger and better bonuses
  • More risk free gaming
  • Exclusive competition

How To Withdraw Bonus?

To withdraw the bonus, you must first receive it, then wager it.

  • Register on the Betbonanza website
  • Make your first deposit using a promo code or via the welcome bonus page in “Promotions” 

  • Bet on markets at odds of 1.85 or greater, but no more than 20% of the bonus or 10,000 naira.
  • You have to wager the amount of your bonus 10 times.
  • Once these bets have been wagered, the bonus money can be withdrawn.

Bonus Rules

Bonus rules:

  • Maximum bonus amount - 100,000 naira
  • Minimum deposit to get bonus - 100 naira
  • Promo code for bonus must be entered within 7 days after making a deposit
  • The bonus amount must be wagered 10 times.
  • Qualifying bets must be made on events at odds of 1.85 or greater.
  • Each bet must not exceed 20% of the received bonus amount or 10,000 naira (that is 10% of the maximum possible bonus).
  • The wagering period is 30 days from the moment of getting the bonus.
  • Offer applies to sports betting only.

What Do I Need To Use The Betbonanza Promo Code: Our Advice

To take advantage of the Betbonanza promo code, register on the website and make a deposit of at least 100 naira. Then enter the promo code and get a 100% bonus of your deposit amount but not more than 100,000 naira.

In order to withdraw the bonus money, you have to wager the amount of your bonus 10 times by betting on events at odds of 1.85 or greater. These bets cannot be refunded via cash out. Also, refunded bets placed on events that have later been canceled, are not eligible for the bonus.

However, you don’t necessarily have to use a promo code to get the welcome bonus. You can simply go to the Promotions page, find the tab "100% bonus. Sign up today & double your first deposit!" and register from there. Then the system will not ask you to enter a promotion code, but you will still be a participant of the welcome promotion under the same conditions.

About Betbonanza Promo Code FAQ

How Can I Make a withdrawal?

To withdraw funds, make the appropriate request. If you want to receive the money on the same day, you should apply between 8:00 am and 8:00 pm. If you apply at a different time, the payment is likely to be made the next day. The minimum withdrawal amount is 2,000 naira and the maximum is 1,000,000 naira. The withdrawal is credited to your bank account.

How Long will I wait for money after Withdrawal request?

The bookmaker conducts financial transactions from 8:00 am to 8:00 pm. If you request a withdrawal at a different time, the request will be postponed to the next day. Usually withdrawal takes place within 1 working day. In some cases, with a large number of requests, the process may take longer.

Can I Get a Welcome bonus from Betbonanza without Promo Code?

Yes. You can find the bonus page in the Promotions tab, register through it and make a deposit. In this case, you will become a participant of the welcome promotion without using a promo code.

What means “Zero-risk” on Betbonanza?

A Zero-risk bet is a promotion that allows you to place a bet without any risk. If this bet loses, the bettor will not lose any money. Terms and conditions apply.

What’s Betbonanza Welcome bonus activation procedure?

To activate the welcome bonus, you need to register, make your first deposit and enter the promo code. After that, you will be given a 100% welcome bonus of your deposit amount, but no more than 100,000 naira. And you’ll also receive between 5 and 50 free spins, depending on the size of the deposit. Free spins expire very quickly, you have to use them within 3 days.

Betbonanza
100% bonus for a first deposit up to ₦100,000

Andrew Heaford

Site Manager