BetKing Withdrawal Rules in Nigeria

This guide will teach you how to withdraw from BetKing seamlessly. The entire process is simple, and if you meet the requirements, it can be done in minutes. BetKing is one of the leading Nigerian bookmakers, offering 20+ sports and thousands of betting markets at any time. You can easily create an account and place your first bet. For this, we have detailed articles on how to proceed. Check out our step-by-step guides for BetKing Registration and How to Play on BetKing

BetKing Withdrawal Method: How to payout on BetKing

To receive a payout, you must log in to the official website and sign into your account using your username and password. Click the “Account” section on the right corner and select “Withdrawal” from the list of options available.

There are 10 different payment methods available for deposit requests, including bank payments, e-wallets, USSD, and cash deposits. However, you can only withdraw via one option, which is the traditional banking method.

Payout BetKing to a Bank Account

You will need a few requirements to withdraw your cash prizes to a personal bank account. After navigating to the withdrawal section, you need to enter the following details:

  • The amount you wish to withdraw.
  • Select the bank from the list of available options.
  • Enter your account number.
  • Click the “Proceed” icon at the bottom of the page.

To ensure your withdrawals are swift, you must add only bank details that match your BetKing account information. Without doing this, you may wait for long periods before getting a response to your withdrawal request.

In addition, BetKing has a blog post that details how to withdraw funds on the official website.

Withdrawal BetKing at Betting Shop

Bettors who decide to wager at a retail betting shop can also withdraw their cash winnings via the same route. Although, if you placed your bet online, you can't withdraw your winnings at a betting shop.

Customers can, however, quickly create a bet slip online and place a wager at the retail shop. After making your preferred selections, there is a “book a bet” button, where you can get your booking code. Use this code to place the bet at the shop.

All bets you place at the retail betting shop remain valid for 180 days after placing a wager. This applies to all bet types, including multibets. All coupon codes become inactive, and you can’t claim winning bets after this period.

To withdraw winnings, you must present a government-issued ID showing you’re 18 years of age or older before the cashier pays you. 

Booking code you must tell at the betting shop

Booking code you must tell at the betting shop

Minimum Withdrawal on BetKing

On BetKing, the minimum withdrawal is 1000 NGN for all mediums. This includes retail betting shops as well.

BetKing Maximum Payout

The maximum payout from a BetKing online account is 10 000 000 NGN. There are no extra fees for submitting a withdrawal request. However, your banking institution may charge you a fee. Please make enquiries from your financial provider.

BetKing Maximum Withdrawal Per Day

There are no max withdrawal limits per day on BetKing. However, all players have a maximum of four tries to submit a payout request daily.

BetKing: Withdrawal Time: How Long Does BetKing Withdrawal Take

All withdrawals at this bookmaker get instant processing. Ideally, payouts are instant, except for a few issues, which could take up to 24 hours. According to the bookmaker, payouts to certain banks may take over 48 hours for approval due to network issues.

Withdrawal of winnings to your personal bank account could take up to 24 hours.

Withdrawal of winnings to your personal bank account could take up to 24 hours.

BetKing Bonus Withdrawal

New customers at BetKing can easily claim the welcome bonus and submit a payout request. Here’s a description of the reward plan.

First Lost Bet Bonus

BetKing’s welcome bonus includes a cashback offer of 50% up to 30 000 NGN. To be eligible for this offer, you must meet the following requirements.

  • Complete registration and verify your account by adding your bank details.
  • Be a resident in Nigeria during the time of the promotion.
  • Make a minimum deposit of 100 NGN.
  • Place a sports bet during the valid period.
  • Betslip must contain a minimum of 5 different selections.
  • The minimum odds per selection is 1.20, while the maximum is 1.70.
  • In case this bet is lost, a 50% cashback up to 30 000 NGN will be credited.

All winning bets receive settlement on the next working day. This includes weekends and holidays. For instance, if you win a bet that meets the criteria on the weekend, the bookmaker will pay out on the next working day, which is Monday. Only customers that add their bank details qualify for this promo. The offer can only be withdrawn if it reaches the minimum withdrawal amount.

How to Cancel Withdrawal on BetKing

You must log in to your account to cancel your withdrawal request. Click on the “My Account” icon in the top right corner and click on “Account Statement” to view the status of your bets. Use the filter mode to view deposits and withdrawals and see the status.

If the transaction in view is still pending, click on the “Cancel” option to cancel the request. However, you may be unable to perform further action if the status shows “Completed”. 

BetKing Withdrawal Problem

While BetKing promises a swift withdrawal process for its customers, some issues may delay the processing. Let’s take a look at some peculiarities.

Specifics of Verification

First, the only verification this online sportsbook requires from a new customer is the addition of bank details. This way, the bettor is eligible to receive the welcome bonus. However, you may be required to provide an additional means of identification if you submit a payout request for winnings above 400 000 NGN. Withdrawals will be delayed or outrightly rejected if you don’t fulfil this requirement. Simply send an image of the ID document and your user ID to the customer support email address.

This process is to prevent all acts of money laundering and terrorism financing. The ID documents you submit may vary, and the following are acceptable:

  • Voters ID Card
  • Drivers Licence 
  • International Passport
  • National Identity Card 
Bookmaker’s Terms and Conditions

Bookmaker’s Terms and Conditions

Possible issues during withdrawals

Here are some common issues you may encounter during withdrawals and how to solve them.

  • Technical glitch. Most times, BetKing’s payment provider may encounter network delays in processing withdrawals. Hence, your payout request may get ‘stuck’ for a while. You may have to hold on for a while. You can retry your request after 24 hours if unsuccessful.
  • Immediate deposits withdrawal. You must use a minimum of 60% of the total funds to place a bet before it becomes eligible for payout.
  • Verification incomplete. Only accounts that have completed the verification request can withdraw. This includes not adding the correct name or bank details. You should contact customer support to update your account information.

FAQs about BetKing Withdrawal

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

All winnings from BetKing are processed instantly, but could take up to 24 hours to go into your account. There are occasions when payouts may take up to 48 hours, depending on your financial institution.

Why is my withdrawal request at BetKing frozen?

You cannot withdraw from your BetKing account if you do not verify your account. This includes names not matching your bank account, trying to withdraw your deposit without deposits, and violating the terms and conditions.

How to withdraw a Welcome bonus at BetKing?

To withdraw the welcome bonus from BetKing, your first lost bet must meet the eligibility criteria first. This includes having a minimum of five selections with minimum odds of 1.20 and a maximum of 1.70. There are no additional wagering requirements.


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