Online betting activities are at an all time high in Nigeria, with many betting companies launching operations in the country in the hopes of winning a large chunk of the customer base.
The reason for the influx of these companies is not far fetched, the country has a virile demographic suited to online betting.
Many Nigerians love their sports and are most appreciative of a chance to earn some extra money besides their regular work.
Apart from the prospects of winning a life changing sum of money, what draws a large chunk of the populace to online betting?
What other factors are considered by players before choosing a betting site?
The answer is simple. The singular most important factor responsible for attracting bettors to a betting site is a bonus.
There are different types of bonuses and bookmakers offer different types of bonuses based on their peculiarities.
However, it could be daunting to find a perfect betting bonus as a player, but there are quite a few databases of bonuses on the internet.
For example, Affiliate heavyweights, Betting Bonus Nigeria, has a compendium of the best betting bonuses available to Nigerians.
Notwithstanding, we have compiled the five most common betting bonuses you can find on betting sites in Nigeria below.
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Welcome bonus
A Welcome bonus is the most popular type of bonus in Nigeria. As the name implies, this type of bonus is offered to players who are new to a betting site.
In other words, it is the reward given to players for opening a betting account or signing up on a betting site.
It is usually awarded as a percentage of the first deposit on a betting site up to a stated maximum amount.
This bonus is a one time bonus offer to all customers and it can be withdrawn as cash.
2. Free bets
A free bet is another type of bonus offered by betting sites. It could be a reward for new customers or existing customers.
Like the welcome bonus, free bets are also given as a percentage of the first deposit of new customers.
Generally, free bets can not be withdrawn. This means that it can only be used to place wagers.
While the winnings from the wager placed with a free bet can be withdrawn, the stake amount is usually deducted from the winnings.
3.Accumulator bonus
This is another type of bonus that is open to all players. Some betting sites offer this bonus, while some others do not.
It is specifically designed to encourage players who like to place accumulator or multi bets.
Typically, with each selection you add to your bet slip, you increase your overall potential winnings.
With this bonus, you essentially get more winnings on your regular payout, when your accumulator bet is successful.
However, bookies attach terms and conditions to this bonus. So, if you are looking to take advantage of an Acca bonus, be sure to understand the terms and conditions.
4.Risk free bet
A risk free bet is an offer where a customer is refunded for a lost bet.
The refund could be a complete or partial refund of the initial wager amount.
Customers could get it on their first ever wager on a betting site or regularly.
The refund may be given to the customer as cash or free bets.
5.Loyalty bonus
Loyalty bonuses are given to long standing customers of a betting site who constantly wager with real money on the site.
Generally, a loyalty bonus is regarded as a perk for staking frequently on a betting site.
6. Money back bonus
The money back guarantee is another form of a bookmaker bonus available in Nigeria.
This bonus is designed such that you can wager a certain amount of money that is specified by the bookmaker and if it is lost, the stake is returned.
It is similar to the Risk free bet, but the main difference is that the whole stake and not the partial stake is returned.
Conclusion
There are different types of bonuses on offer on various betting sites. However, one has to have a critical look at the terms of the bonus offer to make the most of bonuses.
It is even more important for players who are new to sports betting to have a deep understanding of the different types of bonuses and how they work.
Overall, betting bonuses affords both inexperienced and experienced players a healthy wagering balance without having to spend their hard earned money on wagers.
