BetKing Bookmarker Review 2021: The Odds, Promotions And Bonuses

betking review 2021

BetKing is one of the best sports bookmakers in Nigeria. It was established in 2018. And now it has become one of the most popular betting company with many outlets across the nation.

BetKing aims to create an efficient system where the company’s Kings and Kingmakers can experience betting in a smooth way and providing an uncompromising service for everyone involved.

BetKing offers bettors a smooth betting experience in sports ranging from Football, Tennis, Basketball to Cricket…just to name a few.

In return, bettors show their satisfaction with the company by giving them lots of positive feedback.

BetKing is licensed and regulated by the National Lottery Regulatory Commission. Lagos State Lotteries Board, Anambra State Gaming Company and a separate gaming license with the Osun State Government. And are part of the SV Gaming Limited.

Is BetKing available in other countries?

BetKing is only available in Nigeria, at least for now. and only the Nigeria currency is accepted. 

This does not mean they won’t expand to other countries. And if you’re in Nigeria and you want to partner with a reputable betting company, BetKing might just be the option for you.

How to register and open account on BetKing

The registration process to opening an account on BetKing is pretty simple. Once you’re in – BetKing website – locate the “Register” button at the top right corner and click on it.

Proceed on to the account opening form and choose a username and password, E-mail address, and Mobile Number.

Important Information: BetKing is only available to Nigerians. Your phone number must be a registered line with a Nigeria telecommunication company. The acceptable currency is Naira.

Now, while you’re opening an account with BetKing, it is also important to inform you that as at the time of reviewing the betting company, there are no welcome bonuses for anyone opening an account for the first time.

So if welcome bonuses are what you look out for in betting companies, I recommend you read this article. Here you’ll find a lot of betting sites with welcome bonuses.

However, a welcome bonus should not be the only thing you look for. Take time to review all of them before finally putting your money down.

That said…

BetKing comes with lots of freebies and once you complete your registration, you stand a chance to enjoy them.

Once you’ve inputted your details, check the box to confirm that you’re over 18 years of age and that you accept their Terms and Conditions, and Privacy Policy.

BetKing will send you an email as soon as you have opened an account with them, and a customer representative will call you within 24 hours, to help you get started with the available options at BetKing.

Note that it’s not necessary that you deposit money into your account at this stage. What you can do is check through the betting market on BetKing that suit you.

You will receive a call from BetKing within 24hrs after you open your account and the customer representative will guide you through the available options they have on BetKing.

How to Deposit and Withdraw on BetKing

Several methods of depositing money are available to bettors on BetKing. Once you register and they verify your email address, you will be able to make deposits.

You can choose to deposit money using a Debit card or Credit Card. All you need to do is to enter the amount of money you want to deposit and click on “Fund Your Account” button.

You also have the option of funding your account via another payment option by clicking on the link below the “Fund Your Account” button. You fund your account at any BetKing outlets close to you, through a direct bank transfer, an ATM Machine, WebPay, PayStack, and a Debit or Credit Card.

BetKing gives you an option to set a deposit limit if you wish and you can do that by clicking on the “Responsible Betting” option at the bottom left of the page. However, the minimum deposit amount is ₦50 and the minimum withdrawal amount is ₦1,000. The maximum withdrawal amount is ₦500,000.

Note that deposit and withdrawal fees vary among payment options. But irrespective of the deposit and withdrawal options, transactions are processed instantly. Direct bank transfer can take up to a day, which is why many people prefer to use other instant means. If your money is not deposited after 24 hrs, you should contact the customer representatives.

Many people also use the outlets to fund their account. This option is the simple and best alternative if you don’t have a credit card or debit card to fund with.

To fund your account using this means, just walk up to the nearest BetKing outlet and show the shop representative your customer identification number, including the amount you want to transfer to your BetKing account. 

Note: Do not give your password to anyone, under any circumstances. All you need to give them is your identification number.

To deposit using ATM, visit any nearby ATM with your Customer Identification Number.

Now insert your ATM Card and enter your PIN. Click on the “QUICK TELLER” option. After clicking on the quick teller option, you’ll see a list of merchants on your screen, click on the “others” option to locate other merchants. Enter the merchant code. The merchant’s code depends on the amount you want to deposit. And the codes are as follows:

₦1,000 – 04276801

₦2,000 – 04276802

₦3,000 – 04276803

₦4,000 – 04276804

₦5,000 – 04276805

₦5,000+ – 04276806

Now enter the amount you want to deposit, next enter your customer identification number. And you’re done. Your money will be deposited into your account immediately.

Check our extensive guide to payment options in Nigeria here. 


As at the time of reviewing BetKing, there is no welcome bonus.

Unlike other bookmakers, BetKing doesn’t offer a welcome bonus. This may be what they need to work on as many first time bettors look for a welcome bonus. It can be quite disappointing to see BetKing considering all of the features and coupled with the popularity – not to have a welcome bonus for first-time bettors.

Sportsbook Promotion

The fact that there are no welcome bonuses on BetKing doesn’t mean there are no other freebies. BetKing has several promotional offers for bettors and you can win as much as ₦1,000,000 cash prize even if you lose a bet.

Every month, BetKing selects one lucky winner on social media for a ₦1,000,000 cash prize. To participate you have to post a picture of your bet slip on social media with the hashtag #BetKingNearWin and you state why you deserve to win.

At the end of the month, the winner will be selected on the basis of the manner of their lost bets, the placed wager. And they also look at the stated reason as to why they think they should win.

Accumulator bets

Another fascinating promotional offer is the 225% accumulator bet bonus. 

If you lost a bet because of one selection after you have placed an accumulator bet on 10 or more selections, BetKing will pay you a compensation fee for the same. But each selection must have odds of a minimum of 1.2.

For example, if you were to win ₦250,000 on a placed accumulator bet you will receive a compensation of ₦16,565.66 provided you meet the terms and conditions of the promotional offer.

Editing Accumulator BetSlip

We can say this feature is first of its kind in the Africa Betting Market. Here, you have an option to edit your Accumulator Bet Slip once you have made over 5 selections. Also, like other promotional offers, there are some terms and conditions you will need to fulfil. One is… you would not be able to reduce the number of selections to less than 5.


Currently, BetKing does not offer any VIP or Loyalty Program. We hope to see this added to BetKing in our next review. Many sports betting sites are already rewarding their loyal customers – those who have been with them for a long time – a VIP Program, or a Loyalty Program.


BetKing offers markets in 17 different sports, opening doors of thousands of betting markets for bettors. Some of these sports are Football, Tennis, Basketball, and Cricket.

On BetKing, there’s no fixed minimum or maximum you can stake. It varies with your selections and the odds that you are betting on. Before you bet, ensure you gauge through the terms and conditions of a particular selection.

As a bettor, it is advisable that you practise safe betting. Do not indulge yourself in betting practises that’ll harm your mental and physical state of being. Remember that you work hard to earn the money you’re staking with.

To get the odds on offer on the BetKing website, you must first calculate the Odds Overround. And to do that you’ll first have to convert fractional odds into the decimal form, divide each individual selection of a betting variant by 100, and then add all the individual selections, and determine the margin above 100.

Remember that the more active a market is, the closer will be the Odds Overround to 100%. BetKing odds are among the best odds in the market most especially in football.

Cash Out

The cash-out feature is one of the latest in the betting business that any betting companies must have to stay competitive. And BetKing is not left out!

They offer bettors the chance to cash out if they perceive the remaining match might not favour them.

Although winnings may be more or less than the initially wagered, it is heavily dependent on the time you decide to cash out. And the current probability of your winning.

BetKing also gives its customers the opportunity to cash out on accumulator bets. 

In-play Option

The in-play option can be found on the navigation bar (“Live”)  

For a better, non-stop action, click on any of the sporting markets in offer in the “In-Play” section of the website. From here you’ll be redirected to a screen that’ll help you track live updates of the ensuing match.

Security and Risk

In research that we carried out, we discovered security to be among the features new bettors consider before committing to a particular betting site. You want your money safe and most importantly your personal information encrypted and safe in a way that no one can steal it. If security is one of your main concern, then BetKing is your best bookmarker friend. BetKing is a member of the Association of Nigerian Bookmakers and its operations are regulated by the National Lottery Regulatory Commission.

BetKing ensures that their customers’ personal information including bank details and funds are protected.

The risk of losing your funds, data is very low and such occurrences are rare.

And in case you have an issue which needs to be addressed immediately, their customer’s representatives are top-notch.

BetKing separates also ensure that its operational costs are separated from the winnings generated on the bookmaker platform making it easy to pay their customers when the crisis hit the betting market or they run out of service.

Please note that BetKing has zero levels of control over how numbers are generated for the virtual games on their platform. Virtual football games are generated randomly, and results (winning or losing) is determined by an algorithm.

Customer support services

Just like many sport bookmarkers, BetKing, which is one of the oldest betting companies in Nigeria has top-notch customer service support.

You can reach them via their Twitter handle, Facebook, Instagram, Email or direct call through their mobile line.

The response rate is high and rapid. You can always expect to get help quickly when you need one.

To call a customer support representative, dial 01-2777247.

You can find this number and other means of contacting them at the bottom of the page.

As long as your issue has to do with BetKing, their customer support representatives will help you out.

You can email BetKing via [email protected]

They typically reply within 2hrs.

BetKing does not have a live chat option on their website. As disappointing as this may be, there ain’t the only bookmaker company with no live chat. However, their Twitter handle can act as a substitute as its reliable, fast and efficient.

Usability and Design (UI/UX)

An intuitive, responsive and simplistic design is the way to go for any online business looking to succeed in this 21st century.

You can easily find your way around the platform even if you’re visiting the BetKing website for the first time. The odds are well-positioned and easy to read. 

BetKing also has a “Blog” section where you can learn and get important updates about the betting market, offers and promotions.

At the foot of each page are the various contacting means with which you can contact any of their representatives.

When you can’t find your way within the platform, try using the FAQ sections they provided. The FAQ section has answers to many questions and so it’s a good way to start. If you can find answers then you can proceed to contact the customer service representative.

Mobile Apps

BetKing does not have a mobile betting app.  Android and Apple users still depend only on the mobile web. 

Nevertheless, they have two mobile web versions to compensate for this shortfall.

There is a version which mirrors the desktop version. And the second version is designed with speed in mind making it very fast. But lacks a lot of graphics, banners, and icons.

There’s no difference between the choice of colour, the layout, and architecture of the mobile version. But the mobile version offers an enhanced user experience.

Even though the mobile version offers an enhanced user experience it does not completely replace that of the mobile apps. Mobile apps – Android and iOS offer a personalized experience to users.

BetKing is one of the best sports bookmakers in Nigeria.

BetKing offers competitive odds in the betting markets. And when it comes to security, your stakes and personal details are safe.

An interesting feature to consider is the cash-out and the MegaCombo Bet!

BetKing offers a simple, and easy registration process. Deposits and withdrawals deposit methods. It also offers several interesting promotions and 24/7 customer support.

Like I said earlier, BetKing offers no welcome bonus. Another interesting feature is the special bet such as Esports, Entertainment, and Politics, but are not offered by BetKing.

BetKing also doesn’t have provision for a live streaming option. And on the customers’ representatives side, they do not support live chat options for customer support.

With the popularity of BetKing, we expect to see these missing features on their platform. And we hope to include them in our next review updates.

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