Last updated on May 4th, 2023
Cashback offers at Nigerian Sportsbooks
Nigerian players are always looking for ways to get their money back, and there’s nothing better than cashback betting deals. Gambling can become a very costly hobby when luck is not on your side. As a bettor, situations like these are when cashback betting offers are most likely to work in your favor. Keep reading to learn more about how cashback deals work.
Cashback Betting Nigerian Sportsbooks
People who like to gamble have responded well to the fact that many betting sites offer cashback betting deals. They serve as a form of insurance by rewarding players who place certain wagers. This is most often high-stakes accumulators and bets with high odds of loss. When betting on the outcome of a football game, a “no goals scored refund” is a type of cash-back offer that could be activated.
If the game ends in a tie (0-0), the person who made the bet gets their money back in full. It should go without saying that an offer of this kind is fantastic news for those who often lose their bets. Cash-back promotions can be used for a wide variety of sports and events. Some Nigerian players receive refunds weekly as a special bonus for betting consistently.
One thing to remember about cashback betting offers is that the return is usually never given as actual cash. Instead of a cash payout, you’ll receive credits to utilize on your next wager. There may also be rules, like a minimum amount of odds on your bet or a maximum amount you can get back. Please read the terms and conditions carefully before making any bets to avoid any confusion about a certain promotion.
Which Nigerian Operators Offer Cashback Betting
Some Nigerian operators give cashback betting bonuses to both bring in new players and keep the ones they already have. Here are the Nigerian operators that offer these bonuses:
Nairabet. Nairabet, as one of the top Nigerian operators, offers two different types of cashback betting bonuses. The two cashback bonuses will be explained below:
Goalless Draw Cashback
With their goalless draw cashback betting offer, Nairabet gives Nigerian players a chance to win back their stake. This bonus is triggered every time a match ends in a goalless draw. You will not receive a refund if you win; the promotion is only valid for English Premier League games. However, if your wager fails, your full stake will be returned to you within 24 hours after the game’s conclusion.
One Game Cuts
With NairaBET’s new promotion, existing customers can still earn rewards even if they lose their ticket to just one game. They do this because they can empathize with the gambler who loses everything after only one bet in a 10-bet accumulator flop. NairaBET promises to pay out a portion of your accumulator’s profits instead of just keeping or returning your deposit. This significant bonus is only available to customers who place accumulators with 10 different selections. Furthermore, all wagers must have odds of 1.2 or higher. If any of the bets in your accumulator have odds lower than 1.2, the game will not be eligible for this cashback betting offer.
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Betking
Betking Nigeria offers a 50% payback bonus that can be used to bet on their sportsbook. If you’re a new player, you can take advantage of Betking’s 50% Cashback promotion. The maximum payback you can receive from this deal is NGN 5,000. If you deposit NGN 500 into your Betking account and place a losing bet, you will receive NGN 250 back. This promotion is valid only for multi-bets placed on sporting events. After fulfilling the wagering requirement, you can claim your money.
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Sportybet
All new customers have a welcome bonus of up to NGN 30,000 in cash. This cashback will be added to your bonus balance and can only be used to make quick wagers on sporting events. This offer can be claimed without using a special code.
How We Can Get the Cashback Betting
You can only get a cashback betting bonus if you sign up with an online sportsbook that gives them. You can then make a deposit and wager as usual from that point on. Most cash-back offers will require you to “opt in” to get them. In other words, you’ll need to find it in the bonus section and join to earn the cash-back bonus. Make sure you learn everything about the payout structure and how much you may expect to get.
What We Need to Know About Cashback Betting
There are various types of cashback betting bonuses that most Nigerians don’t know about. Some of these bonuses are given as a welcome bonus, while some are given on a particular wager. To further explain, here are some of the most common cashback betting bonuses:
Welcome Offer
Cashback may be part of the welcome bonus that sportsbooks give Nigerians when they sign up or make their first deposit. Many promotions will be available at various betting sites, from cashback to free wagers. In the case of the cashback, if a player’s first wager loses, they can get their money back.
Specific Event
You can get a payback bonus from several online bookmakers if you place a sports bet on a certain event happening during that event. For instance, if a bet loses because a horse is disqualified, the bookie must reimburse the bettor. The bookmaker will pay back losing bets if a certain player scores or gets sent off in a football game. Customers might like this kind of bonus because it makes it more likely that they will get a payout.
Free Bets
In the gambling industry, free wagers are more common than actual cash refunds as part of cashback betting promotions. Offering cash back as free bets encourages Nigerian players to keep using the service by using the free bets to make more bets. Nowadays, most online sportsbooks provide cashback betting deals, making it simple to rack up a pile of free bets.