BetBonanza Withdrawal Rules in Nigeria

We'll tell you how to withdraw winnings from BetBonanza, a bookmaker that offers betting on more than 30 sports, political and showbiz events, virtuals, lotteries and online casino. On Match.Center, you will also find detailed guides on How to Register and How to Place Bets with BetBonanza.

BetBonanza Withdrawal Method: How to payout on BetBonanza

To withdraw money from a BetBonanza account, you have to log in, go to "My Account" and select the "Withdrawal" tab. And there is a clear imbalance here. BetBonanza has 17 ways to make deposits, including online systems, mobile apps, USSD code, ATMs and betting shops. However, there is only one way to get your winnings from the bookmaker online - to your bank account. 

Payout BetBonanza to a Bank Account

To transfer your winnings to the bank account, enter the following details on the "Withdrawal" page in your personal account:

  • Enter the amount you wish to withdraw from your BetBonanza account in the "Amount" box;
  • Enter the number of your bank account in the "Account Number" box;
  • Choose the name of your bank from the drop-down list;
  • Click "Confirm".

After that, the withdrawal request will be created. For your convenience, BetBonanza has also presented a video tutorial on how to withdraw funds on the bookmaker's official YouTube channel. 

Withdrawal BetBonanza at Betting Shop

Customers who place bets at BetBonanza betting shops can receive their winnings through a cashier at the betting shop. In order to do so, you must present an identity document proving you are over 18.

BetBonanza has a betting reserve option available. You can create a bet online on the betting website, and you don't even need to log in for this. After you click "Book a Bet", the system will generate a unique code for your coupon. You can tell it in the betting shop and confirm the bet offline.

Booking code you must tell in the betting shop

Booking code you must tell in the betting shop

A coupon of the bet placed at the BetBonanza betting shop is valid for 180 days after the end of the event. In the case of Multibet - 180 days from the end of the last event in the coupon. A winning bet cannot be received after this period, and the coupon is no longer valid.

Minimum Withdrawal on BetBonanza

The minimum withdrawal amount at BetBonanza is ₦1000. This applies both when withdrawing winnings on the betting website and when withdrawing money through a cashier at the betting shop.

BetBonanza Maximum Payout

The maximum withdrawal amount from BetBonanza's betting account is up to ₦50 million in a singletransaction. When the customers receive winnings in the betting shops in Lagos state, they can withdraw up to ₦10 million in a single transaction, and up to ₦15 million in other Nigerian states.

BetBonanza Maximum Withdrawal Per Day

The bookmaker does not set any withdrawal limits. According to the company, the users can request withdrawals of any amount on a daily basis.

BetBonanza: Withdrawal Time: How Long Does BetBonanza Withdrawal Take

The withdrawal requests from the BetBonanza account are processed daily from 8 a.m. to 10 p.m. local time. Usually the funds are credited within a few minutes. However, according to the bookmaker, the process may take up to 24 hours.

The withdrawal of winnings to a bank account can take up to 24 hours

The withdrawal of winnings to a bank account can take up to 24 hours

BetBonanza Bonus Withdrawal

You can withdraw the bonus funds from the BetBonanza account only after wagering. New users can choose one of three promotions for sports betting upon registration.

100% Welcome Bonus

To participate in the promotion, the customer needs to:

  • Complete the registration process;
  • Within 7 days after account opening, make a deposit from ₦100 to ₦100 000 with bonus code "FIRST100".
  • The bonus amount will be equal to the first deposit amount. These funds must be wagered 10 times. Any sports events from the "Sports" and "Live" sections with min odds of 1.85 will count towards wagering. No more than 20% of the bonus can be used for wagering.
Window for bonus code when making a deposit

Window for bonus code when making a deposit

The wagering period is 30 days, if after that time the requirements are not fulfilled, the bookmaker will withdraw the bonus amount from the client's account. The amount remaining on the bonus account after wagering will be transferred to the client's main account. It can be withdrawn to a bank account as usual in the "Withdrawal" section of the personal account.

Boosted Odds

BetBonanza offers new customers the chance to bet with boosted odds on certain events:

  • These are usually top football matches, such as the World Cup final or the games between Manchester City and Liverpool.
  • If you take part in the promotion, the maximum bet amount for that event is limited to ₦100.

If the bet is successful, the user will still need to wager the winnings in order to withdraw. Any sporting event with min odds of 2.00 will count towards wagering. If wagering is successful, the money can be withdrawn to the client's bank account.

Virtual Cashback

Another bonus for new users is for betting on virtual sports and the BonanzaBallz lottery. To participate in the promotion:

  • Make a deposit of ₦1000 or more;
  • Place 10 bets of at least ₦100 in the Virtual or BonanzaBallz sections. All bets must be placed by 11:59 pm on Sunday of the week the account was registered;
  • On Tuesday of the following week, you will receive a 50% cashback on the amount lost.

The maximum amount of the cashback is ₦50 000. To withdraw the bonus money from your account, you must wager the entire amount at odds of 1.50 or greater.

How to Cancel Withdrawal on BetBonanza

If your withdrawal request has not yet been processed, you can cancel the transaction. To do this, log in on the BetBonanza website, go to your personal account and open the Withdrawal tab. Find your pending request and click on the "Cancel Withdrawal" button.

BetBonanza Withdrawal Problem

Specifics of verification

BetBonanza does not require verification from a new customer before withdrawing funds by default. However, the company may request such verification at any time, and you will be notified accordingly. Withdrawal will not be possible until the documents are submitted.

Here is the list of documents, which are eligible for verification:

  • National Identity Card;
  • Voters Identity card;
  • Drivers License;
  • International passport.

In addition, BetBonanza may impose additional client verification if you attempt to withdraw more than ₦250 000 in one or more payment transactions. These bank transactions will be checked to prevent money laundering and financing of terrorism. The operator may also impose such verification for withdrawals of smaller amounts.

If the user fails to provide BetBonanza with documents within 30 days, the bookmaker may, depending on the situation, confiscate any winnings, refund the initial deposit or remaining account balance and close the customer's account. 

The bookmaker's requirements in the Terms and Conditions section

The bookmaker's requirements in the Terms and Conditions section

Possible issues during withdrawals

Withdrawals from BetBonanza can be delayed for other reasons:

  • Technical failure. If your winnings have not been credited to your account for a long time, it may be due to a technical failure. Contact the customer support to find out the reason for the delay. 
  • A bank error took place. If the problem is not due to a glitch in the bookmaker's operation, you need to contact your bank's customer support. The payment may be delayed due to a failure in the operation of the financial institution. 
  • Participation in the promotion. Withdrawing funds from BetBonanza is not possible until the bonus conditions are met. Carefully read the rules of the special offer before using the bonus.
  • Violation of the bookmaker's rules. If BetBonanza suspects you of breaking the rules, for example, of taking part in match-fixing, the bookmaker will arrange an additional verification. You will not be able to withdraw money from the account until the check is completed.

FAQs about BetBonanza Withdrawal

How long does it take to withdraw money from the BetBonanza account?

The winnings are credited to the account within a few minutes after the request has been made. In rare cases, the process may take up to 24 hours. Mainly, because withdrawals from the BetBonanza account are processed daily from 8 am to 10 pm local time. If you request withdrawal of your winnings after a Champions League night match, BetBonanza will not process it until the morning.

Why my withdrawal request at BetBonanza is frozen?

BetBonanza has probably sent you a data verification request. Check your email. If you are sure that's not the case, have a look at our page, we have listed 4 possible reasons for issues during withdrawals at BetBonanza.

How to withdraw a Welcome bonus at BetBonanza?

First, you will need to meet wagering conditions. Second, you'll need an active bank account, as this is the only way to withdraw money from your BetBonanza account. The bookmaker has three Welcome bonuses, on this page we have detailed the wagering and withdrawal conditions for each option.


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