Betbonanza Review and User Ratings April 2024

Last update: 19 Apr 24
Reading time 10 min
Starting operations in 2014, betBonanza is a reputable online sport betting site with a huge following in Nigeria. The bookie is licensed by the Lagos State Lotteries Board (LSLB), making it authentic and trustworthy. Since its formation, betBonanza has attracted many Nigerians and punters worldwide with its first-class betting services. It has also undergone numerous updates to remain current. The purpose of this comprehensive betBonanza review is to detail the bookie's services and cover its main features. So keep reading to learn more about the betBonanza sportsbook.

Bonus Offer
Ranked 80 of 244 bookies
  • Lowest
  • 0
  • Highest
Mobile and app
Ranked 149 of 244 bookies
  • Mobile browser

    Mobile browser

  • iOS Devices

    Betbonanza does not have an iOS App

  • Android

    Betbonanza does not have an Android App/APK

Country coverage
Ranked 124 of 244 bookies
  • Accepted
  • Restricted
Accepted countries
  • NGA
  • CAN
Restricted countries
Active licenses
Bank and limits
Ranked 9 of 244 bookies
Payout speed
  • 0.00
    Min deposit
  • -
    Max limit
Accepted currencies
  • NGN
Ranked 156 of 244 bookies
  • Cash Out
    Cash Out
Betbonanza Details
Date Founded 01 Jan 2019
Brand Owner betBonanza
Brand CEO -
Employees -
HQ Country -
HQ Address 148 Bode Thomas Street, Surulere, Lagos

Betbonanza Expert Review by Oddspedia

Oddspedia staff always do a comprehensive analysis of a bookmaker before coming up with a rating. The criteria entail scrutinising special elements that a bookie should possess. On betBonanza, we analysed the bookmaker's sports coverage, markets, and odds. We also researched the promotions betBonanza offers and went through the bonus terms and conditions. Another area of focus was betBonanza features and how they work. Some of the features we looked at include:

  • Bet Builder
  • Cash-out
  • Live Streaming

As you will find out in this review, betBonanza comes with everything you need to enjoy sports betting.

Account Registration and KYC Checks

Like all betting sites, including Wazobet Nigerian sportsbook, you must create an account before you can bet with real money. The account creation process is simple, and all you need to do is provide truthful information. To sign up on betBonanza, you need to follow the steps highlighted below:

  1. Load the site on your computer
  2. Create a username and provide your email
  3. Share your full names as they appear on your passport or ID
  4. Create a strong password with at least eight characters
  5. Enter your phone number in the space provided
  6. Provide your date of birth
  7. Choose a state and indicate your gender
  8. Confirm that you agree to the terms and conditions
  9. Click the complete registration button to sign up

After account creation, you must verify your information. Email copies of your ID or passport and utility bills to the operator to initiate verification. Note that you will not access various sections if you do not verify your betBonanza account. Furthermore, you will not be able to withdraw any winnings.

Sports and Betting Markets

betBonanza has a very good sports coverage, especially if you compare it with other Nigeria bookies. The sportsbook offers bets on soccer, basketball, formula 1, and darts. You will also find the latest golf and alpine skiing events. All to say, if you scrutinise the sportsbook carefully, you will notice betBonanza focuses on local and international competitions. Expect events from top tournaments and leagues like:

  • NBA
  • English Premier League
  • WTA

If you are not a passionate sports fan, betBonanza has other activities that you can bet on. For example, the bookie offers politics, an option that allows you to bet on events such as presidential elections. You can also gamble on entertainment events like the Annual Academy Awards. Each event or match comes with multiple betting markets. Lastly, most events have more than 1000 betting options, some of which include Match Winner, Handicap, and Double Chance.

Betbonanza Odds Analysis

The sportsbook offers high and competitive odds. At betBonanza, the odds value ranges between 1.06 and 500.00 and sometimes more. However, you should know that they are entirely dependent on the market. For instance, some Scores markets have more generous odds than Match Winner for example. Therefore, when gambling, make sure you compare betting odds before placing a bet.

With such competitive odds, you are likely to earn significant payouts in case you place a winning bet. The default odds format at betBonanza is decimal. Unfortunately, you cannot change the betBonanza odds types to alternative options like Malay, Indo, Hong Kong, American, and Fractional. This makes betBonanza Nigeria less accommodating to players who prefer different odds types. 

Live Betting and Live Streaming

betBonanza offers a live betting option in addition to pre-match gambling services. To access live events, you need to click the "Live" button on the main menu bar. The in-play betting page offers several matches from sports such as basketball, ice hockey, golf, soccer, and cricket. But then, live matches come with live odds, changing depending on the action. In general, the live betting section is easy to operate. You just need to keep up with the current data to make winning predictions.

The operator provides you with various betting features to assist with in-play gambling. One of the main options you will find on the betting site is cash-out. The function allows you to earn from an active bet before the event concludes. The amount you get after using the cash-out option is dependent on the current odds of the market. Unfortunately, betBonanza does not offer live streaming services, so you cannot watch live matches.

Betting Features @ Betbonanza

As you browse through the platform, you will notice that the betBonanza sports betting site contains numerous betting options. The features are there to help you enjoy online gambling.

One of the main features is live statistics which provides you with data regarding the ongoing match. Some of the information conveyed by the live statistic option includes shots on target and total corners. Besides, live statistics also provide information regarding each team's total yellow and red cards received.

Another feature at betBonanza is Live Score, which shows the result of a fixture in real-time. Live Score can help you determine the dominant team making it easy to make informed decisions. Whether you place pre-match bets or punt on live events, these features are available to you. However, it would be much better if the operator added a bet builder to its list of betting features. After all, a bet builder would increase the efficiency of accumulator betting on betBonanza.


betBonanza is an incredible bookie that allows you to enjoy the best bonuses in the industry. The sportsbook has a welcome bonus for your first deposit of up to 100,000 NGN. Using the 100% up to 100,000 NGN new customer offer, you can increase your initial betting activities without spending more. Apart from the bonus for new punters, betBonanza has a jackpot that allows you to win a cash bonus of up to ₦100,000 every week. Each bonus on the site comes with lenient terms and conditions that you will have an easy time fulfilling.

Sports Betting Licences and Coverage

As stated earlier in this review, betBonanza holds a valid licence issued by the Lagos State Lotteries Board. The operator also holds a gambling permit from the National Lottery Regulatory Commission. You can verify the licensing information on the footer of the website. Feel free to send the licence number to the Lagos State Lotteries for verification. These gambling permits show that betBonanza is allowed to operate in Nigeria. Besides, the bookie is free to operate in most west African countries, including:

  • Ghana
  • Guinea
  • Burkina Faso

The fact that betBonanza is licensed by the Lagos licensing board means the betting products are regulated to ensure the safety of bettors. It also implies that betBonanza carries out legitimate online gambling practices.

Credibility - Is Betbonanza Trustworthy and Reliable?

betBonanza is a credible bookie that offers valid gambling services. Since its start, the platform has maintained a wonderful reputation through various means. For example, the operator keeps its events current by updating the matches regularly. You will also be stunned to learn that your safety is guaranteed. That is courtesy of numerous security measures in place.

For instance, betBonanza has HTTPS protocol and SSL data encryption technology to protect the sportsbook and client-server communications. It also has a firewall system whose purpose is to ensure client privacy throughout. On the other hand, your banking information is encrypted and kept safe from unauthorised personnel. However, to ensure absolute security, you need to set up a strong password that contains numbers, letters, and special characters.

Customer Support

You are likely to run into problems when operating betBonanza or have questions about bookie’s services. In that case, betBonanza has a "Contact Us" page with various communication details that you can use to make enquiries. Some of the main communication methods at betBonanza include a telephone number, WhatsApp number, and email.

These customer support contact methods are fast and secure, altogether helpful for making sensitive inquiries. However, you should consider using the live chat option if the matter is urgent. You can launch live chat by opening the "Contact Us" page and clicking the begin live chat button. Unfortunately, the betBonanza contact methods are not available round the clock. Instead, the communication methods are only available from 8:00 am to 10:00 pm.

Available Payment Methods

Making payments on your betBonanza account is effortless. You only need to open the cashier page and choose the right banking option. Currently, betBonanza has e-wallets and card payment methods. As a result, you can deposit and withdraw money using payment solutions like MasterCard, VISA and Verve. You can also use Opay, a popular e-wallet in west Africa. If you are using your phone, consider Quickteller USSD.

Another method you can use to transact online is Bank Transfer. The payment option allows you to move money from your bank account directly to your sportsbook account. Some of the supported banks include GTBank. Lastly, you can make payments at a betting shop, especially if you are from Nigeria.

Interface And The User Experience

betBonanza comes with an amazing interface that will see you enjoy online betting. The website features a colourful theme and a plain white background. It also comes with distinct highlights that give the entire website an amazing feel. What will thrill you most is the website structure and layout. betBonanza comes with an incredible arrangement of components, making the entire platform clutter-free.

The layout entails a menu bar on top of the website and a menu list. betBonanza also has numerous links on the website's footer that you can use to access different betBonanza sections. Lastly, the sportsbook has responsive controls, including buttons, tabs, and drop-down menus. The main purpose of the controls is to facilitate navigation.

Other Products

The gambling platform does not just offer sports betting services. betBonanza also has other betting products that you will enjoy. For example, the sportsbook offers eSports betting services, allowing you to punt on different eSports events. Some of the top games covered in the eSports section include Dota2 and CS: GO events. Other categories available include virtual sports betting, where you can punt on RNG controlled games like turbo football and greyhounds. Lastly, consider playing slot machines at betBonanza Casino if you do not enjoy sports betting.

Reviews (0)

Sort by:
Out of 5.0

There are no reviews for Betbonanza

Betbonanza Mobile - Is There An Android or iOS App? 

betBonza offers mobile betting services. Members can gamble on the move so long as they have a compatible smartphone. However, for your smartphone to launch and display all the betBonanza mobile site components, it must have a capable operating system. It is also worth noting that the betBonanza operator has yet to develop native apps for iOS and Android smartphones.

That is one of the few demerits of the betBonanza sports betting site. But the good news is that the mobile website is capable and dependable; you will enjoy placing bets on the move. You can also inquire whether the operator plans to develop native apps from betBonanza customer support. That is in case you are curious.

  • Mobile browser

    Mobile browser

  • iOS Devices

    Betbonanza does not have an iOS App

  • Android

    Betbonanza does not have an Android App/APK

Mobile Version - How Does It Perform?

Due to the absence of betBonanza mobile apps, the operator made sure the mobile website is fully operational. That is by equipping it with everything you need to enjoy gambling. For instance, the mobile version comes with a straightforward layout. You will also learn that the betBonanza mobile site has responsive controls for effective navigation. In addition to an amazing layout and design, the mobile website provides punters with different betting sections. Like the desktop version, the mobile version offers actual sports, eSports, and virtual sports betting services. It also has a casino section that you should consider if you want to play slot machines or table games.

As you navigate the mobile website, you will notice the presence of a cashier page with several deposit and withdrawal methods. Meaning, you can process payments using your phone without switching to the desktop version. Moreover, if you do not have a betBonanza account, you can use your smartphone to open and verify an account. In summary, there is nothing you can do on the betBonanza desktop version that you cannot do on the mobile website. The only condition is that you must have an up-to-date mobile browser to access betBonanza mobile website. Lastly, your phone’s browser should be capable of HTML 5 language for smooth operations.

How to Start Betting on A Mobile Device

Download the App

Visit the app store or the bookmaker's mobile site and download the app.

Make a deposit

Deposit with one of these payment methods:

Ready to bet
In less than 3 Minutes

Conclusion - What Our Experts Think

betBonanza is one of the best sports betting sites available today. The bookie comes with various betting sections allowing you to access actual sports, eSports, and virtual sports events. It has multiple markets per event ranging from basic to complex betting options. This makes it a bookmaker worth considering, especially if you want to have an easy time betting. The markets are coupled with competitive odds that you will barely find on competing bookies. Also, as described in this review, the betting site has a simple and beautiful design that will capture your eye. Note that the website is accessible using a smartphone or a computer, so you can choose to gamble on the go.

Your security is guaranteed, and so is the safety of your personal and banking details. That is courtesy of the security measures explained earlier in this review. As a result, you do not have to worry about losing sensitive information to unauthorised individuals. Apart from sports gambling, punters can enjoy casino gaming, which this piece describes. With such features, it is evident that the bookie's advantages outweigh the disadvantages. Sign up for a betBonanza account to enjoy the best betting services.


How Can I Follow My Transactions, Current Bets and Results?

No, betBonanza does not offer bet insurance to its players. However, that does not mean the operator is not generous. The bookie has many other promotions you can enjoy, provided you meet the minimum requirements. For example, betBonanza has a welcome bonus and numerous promotions for existing clients.

Does Betbonanza Offer Bet Insurance?

betBonanza does not offer bet insurance offer at the moment. However, it does have other impressive bonus options that you can access and use to enjoy online gambling. It is among the main reasons why the bookie attracts punters worldwide.

How Do I Book a Bet?

Booking a bet at the betBonanza mobile betting website is an easy task. You only need to follow the steps below keenly:

  1. Open the bookie on your computer
  2. Sign in to your betBonanza account
  3. Deposit some money in your betBonanza wallet
  4. Pick the sport and event you wish to bet on
  5. Go through the available markets
  6. Compare the betting odds and make a selection
  7. Stake the amount you wish to wager
  8. Submit the bet slip and wait for the results

Who Owns Betbonanza?

Adekunle Adeniji is the owner of betBonanza sports betting site. He also serves as the chief executive officer of the betting company. He formed the sportsbook in 2014 after resigning from BetKing. Adekunle Adeniji used his experience in the online gambling industry to come up with a superior betting site. 

How Do I Change My Account Settings?

You can change your account settings by login into your account and clicking the settings button. From there, you can make any changes you want. However, if you want to change personal information, you can do it on the profile page. Remember, not all personal details are editable. Some require you to first reach out to the operator.

How Do I Withdraw My Winnings From My Betbonanza Account?

You can withdraw your winnings from your betBonanza account by applying the following steps:

  1. Load the site on your computer or phone
  2. Log into your betBonanza account
  3. Click the withdraw button on the betting site
  4. Choose your suitable withdrawal method, for example, Opay
  5. Enter how much you wish to withdraw
  6. Complete the subsequent steps
  7. Wait for the operator to process your request.

Make sure the amount you want to withdraw is available in your account.

Can I Cancel My Bet At Betbonanza?

Once you submit the bet slip, you cannot cancel a bet. However, if you place a bet by mistake, you have a small window that you can use to reverse the action. On the other hand, if the bet allows cash-out, you can stop the bet by withdrawing your stake from the event.

How Do I Place a System Bet At Betbonanza?

Placing a system bet at betBonanza is simple, especially if you apply the following certified steps:

  1. Log into your betBonanza account
  2. Fund your account
  3. Select a minimum of three events to automatically activate the system
  4. Enter the stake in the space provided
  5. Confirm the matches and potential payout
  6. Submit the bet slip
  7. Wait for the results

Is the Lagos State Lotteries Board the Only Sports Betting Licence Issuing Authority in Nigeria?

No, the Lagos State Lotteries Board is one of two Nigeria sports betting licence issuing authorities. And betBonanza holds them both to permit it to operate in Nigeria. The licences include:

  • The Lagos State Lotteries Board Licence
  • National Lottery Regulatory Commission Licence

How Long Do I Need to Wait for My Bet to Be Settled?

The amount of time you need to wait for your bet to settle depends on your chosen event. After all, the bet only settles once the match is over. Therefore, the bet can take as little as a few minutes to settle and as long as 24 hours.

Did You Find The Answer To Your Question?
Oddspedia Logo

All bookmaker reviews on this site are by our very own team of betting experts. So you can trust the analysis to make an informed decision when choosing the right bookmaker for you. Oddspedia, the team you can trust!

    )    (       (       (      (            (       (
 ( /(    )\ )    )\ )    )\ )   )\ )         )\ )    )\ )     (
 )\())  (()/(   (()/(   (()/(  (()/(   (    (()/(   (()/(     )\
((_)\    /(_))   /(_))   /(_))  /(_))  )\    /(_))   /(_)) ((((_)(
  ((_)  (_))_   (_))_   (_))   (_))   ((_)  (_))_   (_))    )\ _ )\
 / _ \   |   \   |   \  / __|  | _ \  | __|  |   \  |_ _|   (_)_\(_)
| (_) |  | |) |  | |) | \__ \  |  _/  | _|   | |) |  | |     / _ \
 \___/   |___/   |___/  |___/  |_|    |___|  |___/  |___|   /_/ \_\