Betking has continued to cater to the yearnings of its numerous customers since inception. As a rookie or advanced bettor looking for a which bookie to trust, there are different packages Betking has infused on its platform to entice new bettors to its platform.
When you sign up to Betking as a new user, you are eligible for 50% cashback on 5 lost bets up to ₦5000. The offer is designed to reward your 1st, 3rd, 5th, 7th and 11th lost bet with 50% of the amount you wagered on your selection. In this case, after signing up and making your deposit, you will need to pick a minimum of 5 games with odd of 1.20 minimum and maximum odd of 1.70. With a stake of ₦100, you would get a cash back of ₦50, being 50% of the amount you staked if the bet is settled as lost.

Betking bonus max amounts & GEOs
- 🇳🇬 50% Cashback on 5 lost bets up to ₦5000
Meanwhile, for other attractive welcome offers in today’s market, you can check out our free bet bonus on registration page
Betking Bonus eligibility criteria
To be eligible for this offer, you be a Nigerian punter signing up to Betking for the first time. As a way of making this easy accessible, Betking has designed a seamless registration process for your new account to be created within minutes.
Once your account has been created, choose your preferred payment method, make your deposit and select the games you want to wager on.
You can select any game of your choice featured on Betking’s Sportsbook. Basically, you must pick 5 games. The minimum odd required for each of your selection is 1.20 while the maximum odd required is 1.70. If the bet is lost, you would be rewarded with 50% of your wager. The cash back you would receive depends on how much you have staked while the maximum amount is ₦5000. The bonus counts for your 1st, 3rd, 5th, 7th and 11th bet in the sportsbook.
Meanwhile, Betking understands the intricacies of today’s market and how its important to have a device that allows punters enjoy its services at the click of a button. Hence, it has introduced the mobile app. You can get the Betking app apk here
Betking Bonus Terms and Conditions
The Betking 50% Cashback rewards you if one of your 1st, 3rd, 5th, 7th and 11th bets are settled as lost.
To qualify for this offer, you must be first time user of Betking and place a bet containing at least 5 selections in your slip.
As mentioned earlier, the cashback amount you can receive depends on how much you have wagered. For instance, if you place a bet of ₦2,000 you get ₦1,000 as cash back. Also, if you wager ₦5000, you would earn ₦2,500 as cashback. A stake of ₦50,000 gets you ₦25,000 as cashback, also If you place a bet of ₦100,000 you get ₦30,000 as cashback.
To fulfill this bonus, you need to
- Be a newly registered Betking customer
- Verify your account and make a deposit
- Pick at least 5 games in your slip to be eligible
- Each of your selection must have minimum odd of 1.20 and 1.70 maximum
- Your selections can have games from different sports categories in the slip
Best strategy to Unlock the bonus
The Betking 50% cashback bonus does not require any form of expertise all you need to do is have the right number of games and minimum odds in you multibet slip and lose your bet.
Naturally, multibets are risk-driven and not easy to win, to help you through the heartbreak that comes with losing your hard earned money, Betking has designed this offer.
Since you are guaranteed to have 50% of your money back if your lose your bet, you can go in with a mid-risk stake. That way, you won’t lose too much and still get a reasonable amount back for future betting purposes.
For example, if you add the required 5 selections and stipulated minimum odd for each game, you can wager ₦2,000. With this stake, you would be given 50% if you lose your bet. In this case, 50% of ₦2000 is ₦1000. Unlike other conventional welcome offers in today’s market, where there are wagering requirements you must fulfill, the Betking Cashback gives you instant access to your funds. So, if you have earned ₦1000 as your own cash back, you can choose to withdraw it of wager it as you wish without needing to fulfill any wagering condition.
Meanwhile, you can follow our daily straight win prediction you can combine to create an accumulator bet eligible for this bonus
Our Verdict
Since its start of operations, Betking has been expanding its frontiers across Africa’s most vibrant betting market, Nigeria. Realizing the importance of attractive offers and promotions, Betking has rejigged its platform to feature the 50% cashback bonus up to ₦5000. This would help in Betking’s bid to remain relevant in this highly competitive industry while attracting new users.
As the name implies, this is a new customer offer that comes in form of cash back in which you get rewarded 50% of the amount you staked if you lose 5 bets as a new user. It is essentially a strategic way of shielding you from the gut-wrenching feeling that comes with losing your bet.
Another interesting fact about this offer is that there are wagering requirements attached. Hence, once you have selected the required number of games and odds, 50% of your money is yours without any hassle.
So if you Nigeria, Betking is here to make your betting journey more fun and success driven than ever. Just sign up as a new user, make your deposit, place your bet and you are entitled to 50% cashback of up to ₦5000 if you lose the 1st, 3rd, 5th, 7th or 11th bet!