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:

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. 

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.

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.

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:

Possible issues during withdrawals

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

FAQs about BetKing Withdrawal