Sports betting is a fun and thrilling activity, but it could also be expensive if you aren’t smart about it. One way that could help maximize your gaming budget is redeeming promos and bonuses that online casinos and sportsbooks offer.
Nowadays, when you look for the list of the best betting sites in Nigeria, you’ll find that most (if not all) of them have some sort of bonus to offer. The majority of the time, they offer different types of bonuses, and if you’re new to betting you may not know what type of bonus is the best for you.
Well, don’t worry. This is what we’ll cover in this article, so the next time you make a deposit to your gaming account or sign up at a new sportsbook, you know which bonuses to look for. Without any further ado, let’s get to know the best betting bonuses Nigerian punters should know.
Understanding Wagering Requirements
Okay, so before we head on over to the different types of bonuses, you must understand how bonuses work. Online casinos and sportsbooks rarely give away bonuses without any conditions. Of course, they won’t just give away free money just like that.
This is where wagering requirements or also called required rollovers come in. Basically, it’s a goal you need to achieve before you can withdraw any winnings and bonuses from your gaming account. Wagering requirements vary per bonus, so always check the terms and conditions before redeeming any.
An example of a wagering requirement is “25x deposit + bonus”. What that means is that you need to be able to place bets 25 times the amount of your deposit and bonus before you can withdraw your bonus and winnings.
Some bookies only show wagering requirements as 10x or the number of times you have to bet.
Generally, low to average wagering requirements range from 1x to 20x if you’re only betting on sports. If you’ll be playing some casino games, anything below 35x is still a good deal.
Anything above 35x is something you need to think hard about as that amount of rollovers is only usually good for frequent casino players. So, not so much for casual players.
Sign Up or Welcome Bonuses
If you’re just signing up on a new sportsbook whether it’s your first time or not, chances are the website you chose has some sort of welcome bonus to offer. Some probably even have different welcome bonuses in place.
While you may think that the bigger bonus is always the best option, it’s not really the case. Consider what type of welcome bonus you’re getting in the first place. Is the bookie trying to match a percentage of your first deposit or is there a fixed bonus credit that you’ll get?
Weigh in which will be beneficial to you based on when the bonus will expire, how often you’ll be placing bets, your deposit amount, and the wagering requirements.
No Deposit Bonuses
This is something that many punters and casino players look for. No deposit bonuses are exactly what it sounds like. It’s basically free money or bets that are added to your gaming account. No need to deposit any amount, just simply redeem it.
However, no deposit bonuses usually have high wagering requirements. That said, you might end up depositing so you get to finish the rollover if you’re not so lucky with your bets.
In some cases, no deposit bonuses or free bets are as it is. Meaning, that you get to use it and take whatever your win (if you do) right away. That’s a pretty solid deal that you shouldn’t miss out on.
Loyalty Rewards or Bonuses
While the beauty of online gambling is that you can easily hop from one bookie to another, it won’t pay up in the long run. When shopping for the best bookie, you should go for a brand that has plenty to offer and a great loyalty program in place.
This way, you won’t need to sign up for a new bookie every time your favorite sports leagues and tournaments are on. Usually, betting sites have a points system in place for loyal customers. For every bet you make, you earn certain points.
These points are then something that you can eventually exchange for exclusive rewards and bonuses. Some bookies would even let you claim free bets in exchange for a certain amount of points.
These points would usually determine your VIP level at the casino or sportsbook. Your level could then determine what type of bonuses you can get.
