In this Match.Center article, we review all the bonus options available for new and regular customers at BetKing. This includes relevant information on the offers and terms and conditions. Although there’s no 100% Welcome bonus at the moment, you will find other options available. We also discuss how to claim and wager the bonuses and compare them with other popular incentives.
BetKing is one of Nigeria’s foremost online betting site with an international presence. It has a licence from multiple regulatory bodies in Nigeria. The National Lotteries Board, Anambra State Gaming Company, and Lagos State Lotteries Board are top among them. They are also in league with international sporting brands, like Super Sport.
All BetKing Bonus Offers
Start betting on BetKing and get a cashback bonus reward on five lost sportsbook bets. This includes your 1st, 3rd, 5th, 7th, and 11th bets. Each bet should contain a minimum of 5 selections with odds of 1.20-1.70. You can get a 50% cashback of up to 5000 NGN when the bet ends in a loss. This gives you a chance to win up to 25 000 NGN on all 5 bets. To activate the bonus, verify your identity by adding your bank details. You cannot cancel, cash out or void these bets. BetKing Welcome bonus terms and conditions apply.
BetKing provides an Accumulator Bonus of up to 225%. This bonus allows you to accumulate and place one bet on different sports events. A minimum number of selections starts at 5, and your odds will multiply as you add more events to the slip. This increases from 5% with 5 selections to 225% at 40 events. Bonus Terms and Conditions apply.
The fantasy mix promo offers customers a chance to increase their odds with fantasy sports events. Your bet slip will consist of a selection of real-life and fantasy games. The results of the fantasy events will be based on the outcome of the real-life matches.
How to Get the BetKing Welcome Bonus
Getting the BetKing bonus for new customers is straightforward. In order for the 5x cashback bonus offer to become available, you have to:
- Sign up on the official BetKing website.
- Verify your identity by adding bank details in the cashier section.
- Make your first deposit.
- Place 1st, 3rd, 5th, 7th, and 11th bets of at least 5 selections and the odds from 1.20 to 1.70.
Once you complete these requirements, you get a 50% cash back reward when they end up losing up to 5000 NGN on each bet and a maximum of 25 000 NGN on the five bets in your BetKing bonus account on the next business day. Bets that settle on a weekend during the promo period will activate the bonus on Monday that follows.
BetKing Bonus Terms and Conditions
All bonus offers on BetKing come with terms and conditions or wagering requirements. This protects the betting sites from going bankrupt on their business. We always recommend studying the terms and conditions of a reward before claiming it. It is our goal at Match.Center to make sure you have all the information you need. You can also check the BetKing website for information. While reading the terms and conditions, keep these points in mind:
- Verification of bank details. All bonuses are inactive if you do not add your personal bank details. This is the first and most crucial step in verifying an account. BetKing requires this information to confirm your identity before you go further. This includes conditions that the first and last name must match that of the bank account details.
- Qualifying bets only: Specific bets count while the promotions cover the sportsbook section. In the case of the welcome offer, only lost bets with a minimum of 5 selections, carrying min odds of 1.2 and max of 1.7, qualify.
- One Welcome bonus per account: A user can receive an offer once. Anybody found with more than one bonus account does not qualify.
- 18 and above: Bonuses from this betting site are for only bettors within the legal age of 18 and higher.
How To Wager BetKing Bonus
There are no particular wagering requirements for withdrawing the bonuses, but the qualifying terms are unusual and harsh, from the analysis at Match.Center. Hence, players with a tight budget may be unable to expand their playing time, especially if they did not sign up within the promo period.
This means bonus offers become active, all your bets are settled, and you meet the eligibility criteria. However, the 225% accumulator offer will become active once you add selections with the required odds.
The 5x cashback bonus for new customers is available for those whose 1st, 3rd, 5th, 7th, and 11th bets lost, each with 5 selections and odds of between 1.20 and 1.70. Therefore, you do not qualify if your bet wins.
How To Withdraw BetKing Bonus
The BetKing bonus withdrawal is possible when you fulfil the BetKing bonus terms and conditions. With this betting site, you can only withdraw funds to your personal bank account. The minimum limit is 1000 NGN, and the maximum is 10 000 000 NGN.
The process comes with no transaction charges and could take up to 24 hours. All withdrawals of the BetKing bonus depend on when the sportsbook settles the reward.
How To Use BetKing Bonuses: Our Advice
As stated, the BetKing bonus comes with harsh terms and conditions. To help out, here are some expert tips that can help you use them without much hassle.
- Study and understand the bonus terms first. This is important, especially as all bonuses require you to bet with real money. You must make your first deposit. The key to winning the cash back rewards is understanding how does BetKing bonus work. Besides, the betting site changes the conditions regularly.
- Select a BetKing bonus offer wisely. Before you activate the bonus, carefully choose one first. The accumulator offer and welcome 5x cash back look similar, but only one is available at a time, and you can’t combine them together.
- If you are ready to risk, the accumulator reward seems a good offer. That’s because the higher the number of selections, the higher the potential cash prize. Remember that each event must have min odds requirements before they qualify.
What You Should Not Do
Having a good knowledge of specific sports betting markets is essential. Hence, you should research and study statistics of different teams before placing a bet. This includes h2h, team form, and individual players’ performances. We understand you may want to throw in selections you have no idea of losing. However, this could affect your accumulator bonus package.
BetKing New Customer Offers & Registration Bonus in Nigeria
Welcome Offer: 5 Times CashBack
- Min. Deposit: 100 NGN
- Min. Odds: 1.20
- Max. Odds: 1.70
- Selections: 5
- Wagering: –
- Expires in: –
Although there is no 100% Welcome bonus or BetKing first deposit bonus at the moment, from February 16 new customers can receive a 50% cashback bonus offer for their 1st, 3rd, 5th, 7th, and 11th lost bets. To get this offer, you must:
- Create an account
- Add your bank details with names matching your BetKing account. Wait for verification as well.
- Make your first deposit of at least 100 NGN
- Place bets of at least 5 selections with real money at minimum odds of 1.20-1.70.
- You must not cash out, cancel or void the bets.
Once your bets lose, the BetKing bonus will become available the next business day.
BetKing Welcome Bonus Codes and Promo Codes
As of March 2023, BetKing does not have a promo code for players to activate the bonus. This outdated method is unavailable on top sports betting sites, including BetKing. As long as you fulfil the BetKing bonus terms and conditions, you will automatically receive your reward in your BetKing bonus account.
BetKing Existing Customer Offers
225% Accumulator Bonus
The accumulator bonus offer includes a staggering up to 225% cash back reward for players that add 5 selections to the bet, each carrying min odds of 1.20. The higher the selections, the bigger your potential winnings will be. 5 events come with a 5% payout and continue till it gets to 40 matches, with a maximum of 225%.
Fantasy Mix
BetKing’s fantasy mix promo lets customers wager on fantasy games and real-life events. This is only available on BetKing and allows you to boost the odds for more winning chances. Fixture games will be a mix of real-life events, as the results also depend on the outcome of the real-life matches.
Suppose there are real-life matches of Manchester United vs. Chelsea and Liverpool vs. Villareal. You will find fantasy events of Manchester United vs. Villareal or Liverpool vs. Chelsea on the betting site. BetKing offers you the chance to place wagers on these events. The results of the fantasy games will be based on the results of real-life events.
Compare with Other Bonuses
Our ratings consider all Nigerian bookmakers based on their products and features. Particular among them is the bonus structure. The average rating of BetKing is 5.2, which is lower than the top competitors. However, the score for Welcome bonus is on par with the leading Nigerian betting sites.
| Bookmaker / Indicator | Welcome bonuses | Bonuses for existing customers | Payment methods | Overall bookmaker rating |
|---|---|---|---|---|
| BetKing | 6 | 5 | 5 | 5.2 |
| 1xBet | 7 | 8 | 6 | 8.3 |
| Betwinner | 6 | 8 | 4 | 7.1 |
| 22Bet | 7 | 7 | 4 | 6.6 |
| Wazobet | 6 | 6 | 5 | 6 |
FAQ
Does BetKing give bonuses?
Yes. BetKing offers customers different bonus options, which vary for new and existing bettors. Our Match.Center page offers reliable information on the incentives available. You can also check the promotions page of the official BetKing website for more information.
How much is BetKing Welcome bonus?
The BetKing Welcome bonus consists of a 5 times cash back reward. Settled lost 1st, 3rd, 5th, 7th, and 11th wagers will receive a 50% cashback reward of up to 5 000 NGN for each bet once it settles and loses.
How to activate BetKing Welcome bonus?
To activate the bonus, customers must add at least 5 selections of a minimum of 1.20 and a maximum of 1.70 to their bet slips for their 1st, 3rd, 5th, 7th, 11th bets. Place stakes, and if the bets lose, they get a 50% cashback bonus. Please read carefully the BetKing Welcome bonus terms and conditions.
How do I claim my BetKing Welcome bonus?
To claim your BetKing Welcome bonus, you must register the account within the promo period and not before. After registration, customers must add their bank details, with names matching the BetKing credentials. Make your first deposit, start betting and each bet that will be settled and loss will activate the bonus.
