Bonuses for joining, commonly found on online betting sites, act as rewards for folks who open a new account and deposit money. These deals give players extra cash or free bets, boosting their starting money and letting them make more bets. For betting companies, these sign-up perks are key in luring in new players and standing out in a crowded market. Bettors love these bonuses because they offer more value, pump up betting funds, and give more chances to win while keeping risks low.
Top Betting Sites with the Best Sign Up Bonuses
Below we take a look at the leading bookmakers that offer the most attractive sign-up offers.
| Bookmaker | Welcome Offer | Main Features | Rating |
| 1xBet | 300% Deposit Bonus up to ₦145,600 | Wide range of sports & markets, live streaming, user-friendly interface | 4.8/5 |
| 1Win | 500% first deposit bonus up to $2000 | Competitive odds, extensive football coverage, fast payouts | 4.6/5 |
| 22Bet | 100% Up To ₦207,500 | Excellent mobile app, 24/7 customer support, regular promotions | 4.7/5 |
Why are sign up bonuses important for bettors?
There are a few key reasons why sign up offers are valuable for sports bettors:
- Increased Bankroll – The extra bonus funds give you more money to stake with, so you can place more wagers or make larger wagers than you could with just your initial deposit. This gives you more chances to win without having to risk as much of your own cash.
- Try Out a New Site – Welcome offers provide an incentive to check out a new sportsbook you might not have used before. You can test out the site’s features, odds and markets with the bonus funds before deciding to deposit more of your money.
- More Potential Profit – With the boosted bankroll from a welcome offer, your potential profits are increased if you place smart wagers. For example, a 100% deposit match welcome reward essentially doubles your deposited funds, so a winning stake would also yield twice the return.
- Offset Losses – Some welcome offers, like a first bet refund, are designed to offset potential losses. This type of reward reduces your initial risk, since you’ll get a free bet rebate if your first wager loses. This acts as a kind of safety net when trying out a new sportsbook.
So in summary, welcome offers give you extra value, more flexibility, and better chances to profit when signing up at a new sports betting site. They’re an important factor for Nigerian bettors to consider when choosing which bookmaker to join. The key is finding an offer that fits your bankroll and betting strategy.
Types of Sign Up Bonuses
Now that you know what welcome offers are and why they’re valuable, let’s dive into the different types of sign up offers you’ll find at Nigerian betting sites. Each type of reward has its own advantages and disadvantages, so it’s important to understand how they work before claiming one.
Cash Sign Up
It is the most straightforward type of welcome offer. The sportsbook matches a percentage of your first deposit and adds that bonus money directly into your cash balance.
For example, a 100% cash sign up offer up to ₦100,000 means if you deposit ₦50,000, you’ll get another ₦50,000 in bonus cash, giving you a total of ₦100,000 to bet with.
Free Bets
Instead of bonus cash, free bets bonuses grant you a certain amount of free bet credits when you sign up and make a deposit. You can use these free bets to wager, but only the winnings are paid out, not the free bet stake itself.
A typical free bets offer looks like “Wager ₦10,000, Get ₦30,000 in Free Bets”. In this case, when you make a ₦10,000 first deposit and wager, you’ll receive ₦30,000 worth of free bets.
Deposit Bonus
It is similar to a cash sign up offer in that you get a reward based on a percentage of your first deposit. But instead of the bonus funds being added to your cash balance, they’re kept separate and subject to wagering requirements.
Wagering requirements state how many times you need to stake the bonus amount before you can withdraw it as cash. For example, a common deposit bonus is “200% up to ₦150,000”. If you deposit ₦50,000, you get ₦100,000 in bonus funds. But if the reward has a 5x wagering requirement, you’d need to bet a total of ₦500,000 to convert it to cash.
First Bet Refund
First bet refund offers give you some insurance on your first wager after signing up and depositing. If that first wager loses, the betting site will refund your stake up to a certain amount, usually in the form of a free bet.
For instance, a bookie could offer a “Money Back up to ₦25,000 on Your First Bet”. So if your first bet is ₦20,000 and it loses, you’d get a ₦20,000 free bet credit to try again.
No Deposit
True no deposit bonuses – where you get a reward without making a deposit – are very rare nowadays. If a bookmaker offers one, it’s usually a small amount with very high wagering requirements, making it hard to actually withdraw the bonus as cash.
A typical no deposit bonus could be something like “₦5,000 Free, 50x Wagering”. You’d get ₦5,000 in bonus funds credited when you sign up, but would need to wager a total of ₦250,000 before withdrawing.
Here’s a quick comparison of the different welcome offer types:
| Type | Bonus Amount | Wagering Req. | Pros | Cons |
| Cash Sign Up | 50-100% of first deposit | None | Reward is real cash | Smaller reward size |
| Free Bets | ₦10k-100k in free bets | 1x-5x | Larger reward, no risk | No stake returned |
| Deposit Bonus | 100-200% of first deposit | 5x-20x | Very large rewards | High wagering req. |
| First Bet Refund | ₦5k-50k free bet refund | 1x | Second chance wager | Only if first wager loses |
| No Deposit | ₦1k-5k bonus | 20x-50x | No deposit needed | Tough to withdraw |
In summary, each type of welcome offers has its merits, but cash sign up and free bets offers tend to be the easiest to claim and benefit from. When choosing a reward, always check the terms and conditions, especially the minimum odds and time limits.
How to Choose the Best Sign Up Bonus
With so many different sign up offers out there, it can be tough to decide which one to claim. To help you pick the best reward for you, here are the key factors to consider:
Percentage
The bonus percentage tells you how much bonus money you’ll get relative to your first deposit. For example, a 100% reward means you’ll get a bonus equal to your deposit amount, while a 200% reward means you’ll get double your deposit in bonus funds.
Generally, a higher percentage is better, but also check the maximum bonus amount. A 100% reward up to ₦100,000 is better than a 200% reward up to ₦50,000 if you’re planning to deposit more than ₦50,000.
Deposit Limits
Pay attention to the minimum and maximum deposit limits for triggering the reward. For a 100% up to ₦50,000 bonus, you’d need to deposit at least ₦50,000 to claim the full bonus amount.
Most offers have a minimum deposit of around ₦500 to ₦1,000. If you want to claim a large reward, choose one with a high maximum limit like ₦100,000 or more.
Bet Amount Limits
Some bookmakers restrict how much of your bonus funds you can wager per bet. For example, you might be limited to betting 10% of your bonus amount at a time.
Higher or no bet amount limits give you more flexibility in using your bonus funds.
Minimum Odds
Many welcome offers have minimum odds requirements, meaning you can only place wagers with odds above a certain level. This is especially true for free bets bonuses.
Common minimum odds requirements are 1.50 to 2.00 for single stakes, or a bit lower for multi-leg bets. The lower the minimum odds, the easier it will be to complete the bonus rollover.
Wagering Requirements
Wagering or turnover requirements refer to how many times you need to stake your bonus amount before you can withdraw any winnings as cash. For a ₦10,000 bonus with a 5x wagering requirement, you’d have to place ₦50,000 worth of stakes.
In general, lower wagering requirements are better – aim for offers with 1x to 5x turnover if possible. Anything above 10x will be difficult and time-consuming to complete.
Expiry Period
Don’t forget to check how long you have to use your bonus funds and satisfy the wagering requirements. Most offers expire after 7 to 30 days, after which you’ll forfeit any remaining bonus amount and associated winnings.
Tips for Maximizing Your Bonus
Beyond checking the reward terms and conditions, here are a few tips to make sure you get the most out of your welcome offer:
- Look for an offer with low minimum odds so you can spread your risk across multiple stakes rather than placing one big risky wager.
- Split your bonus wagering into smaller bets rather than fewer large stakes to give yourself more chances to win. Just make sure not to bet below the site’s minimum stake amount.
- Avoid using your reward on extremely high odds, like 20.0 or more. The payouts are tempting but the risk is very high – it’s better to stick with safer stakes in the 1.50 to 3.00 range.
- Check if your reward is restricted to certain sports or leagues. If there are no restrictions, use the free bets on a sport you know well to maximize your edge and chances of winning.
- Track how much you’ve wagered and how much more you need to stake to complete the wagering. Don’t let your bonus expire with unused funds or incomplete turnover.
Step-by-Step Guide to Unlocking Your Sign Up Bonus
Follow these steps to claim your sign-up bonus:
- Choose the Right Sportsbook: Pick a licensed bookmaker that offers a reward with fair terms. Some of the best sign up offers for Nigerian bettors include:
- 1xBet – 300% up to ₦145600
- 1Win – 500% first deposit bonus up to $2000
- 22Bet – 100% Up To ₦207,500
- Register a New Account: Click the link to visit the sportsbook and sign up. Enter your personal info like name, email, birthday, etc. Make sure to use valid info as you’ll need to verify your account later.
- Make Your First Deposit: Once registered, log in and go to the cashier to make a deposit. Choose a payment method, enter your deposit amount, and complete the transaction. Remember to deposit enough to claim the maximum reward.
- Claim the Welcome Offer: The bookmaker may credit your account with the reward automatically after your deposit. If not, you may need to enter a promo code, opt-in on the promotions page, or contact support to claim it.
- Complete the Wagering Requirements: Before you can withdraw any bonus winnings, you’ll need to complete the wagering requirements. Place qualifying bets equal to the bonus amount multiplied by the wagering requirement.
- For example, if you got a ₦10,000 reward with a 5x turnover, you’d need to place ₦50,000 in total wagers. Only stakes placed with minimum odds (usually 1.50 or higher) will count towards the turnover.
- Withdraw Your Winnings: Once you’ve completed the wagering, any remaining bonus funds and associated winnings will be converted to cash which you can withdraw. If you didn’t manage to complete the wagering before the reward expired, the reward and winnings will be forfeited.
To sum up, choosing the right welcome offer comes down to checking the key terms like percentage, wagering, odds, and expiry. Go for one that suits your bankroll and betting style. When in doubt, a reward with lower wagering requirements is usually the safer choice.
FAQs
Are sign up offers only for new customers?
Yes, they are only available to new customers who have never registered at the betting site before. Existing players are not eligible for sign up offers but can take part in other promotions.
Is it legal to claim a welcome offer?
Yes, it’s completely legal to claim a welcome offer as long as you’re 18 or older and the sportsbook is licensed to operate in Nigeria. Just be sure to read the bonus terms and conditions before claiming.
Can I claim it without making a deposit?
Welcome offers, in most cases, cannot be claimed without making a deposit. To be eligible for the bonus, users must typically make a minimum qualifying deposit, as specified by the bookmaker. No deposit rewards are an exception to this rule, but they are uncommon and often accompanied by stringent wagering requirements.
What are wagering requirements?
Wagering requirements, also known as turnover requirements, dictate the number of times a user must bet the bonus amount before any winnings can be withdrawn. For instance, if a user receives a ₦10,000 reward with a 5x wagering requirement, they must place a total of ₦50,000 in wagers before they can access any winnings generated from the bonus funds.
How long do I have to complete the wagering requirements?
Most welcome offers have an expiry date of 7 to 30 days. You must complete the wagering within this timeframe or the reward and associated winnings will be forfeited.
Originally posted on April 15, 2024 @ 6:07 pm