Guide To The Best Betting Sites In Nigeria December 2020

Gambling is a big business in Nigeria, and online betting sites are contributing to the growing popularity of the industry. Nigerian punters have hundreds of local and international betting websites from which to choose. The nation goes wild for anything football related and betting is no exception. For the best gambling experience, you want to pick the best sports betting website, and this guide shows you how.

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How Do Sports Betting Sites in Nigeria Work?

Betting websites in Nigeria function the same as anywhere else. For a first-time user, begin by finding the most appropriate sites for your gambling requirements. Once you select a platform, register an account, then deposit money. If you win, the bookmaker deposits the funds in your account. An online sportsbook contains a bet slip where you can manage your wagers. Betting sites in Nigeria come with various features like live streaming, in-play betting and bet builders. Before you search for a sportsbook though, know a few elements about online gambling in Nigeria.

Gambling Laws and Regulations in Nigeria

The legality of gambling, especially online, is not clear cut. According to the Nigerian Criminal Code Act, some forms of gambling are prohibited, while others are not. Lotteries, betting pools and land casinos are the types allowed under the law. Even with stringent gambling measures, betting sites have found loopholes to operate in the country. Any internet-based sportsbook needs a license from the National Lottery and Regulatory Commission or Lagos State Lotteries Board.

Sports Betting Taxes for Nigerian Players

The government never paid much attention to the taxation of the gambling industry. However, that is changing as the sector grows by the day. Recently, the Federal Inland Revenue Service, the nation’s tax collector, moved to impose a 7.5% VAT (value-added tax) on all betting activities. It would mean that punters would have to incur an extra 7.5% on every stake. However, the Association of Nigerian Bookmakers filed a case against this proposition, and the situation is presently unresolved.

Online Sports Betting Popularity in Nigeria

The convenience of sports betting online has made gambling more accessible to punters across the West African Nation. As more people gain access to stable and affordable internet, the number of online bettors keeps rising. According to a PwC study, in 2018 the country posted a Gross Gaming Revenue of $58 million. The report also projected the GGR to hit a 16% spike in five years. Football betting is the top earner in the sector.

Nigerian (Local) / African Betting Sites

Over time, domestic betting websites have improved a great deal. Now bettors in Nigeria can find reliable bookmakers that guarantee good quality gambling solutions. Local betting platforms are appealing because they make it easy to bet with Naira. Also, domestic operators have customized bonus promotions and VIP programs. These sportsbooks understand what the market needs and provides it. Punters have a fair number of local Nigerian betting sites from which to select. Some examples include:

  • NairaBET
  • Bet9ja
  • AccessBET

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International Betting Sites

Some of the popular sports betting sites available for Nigerian punters are offshore. These operators are regulated in different jurisdictions across the globe but also provide services in Nigeria. The advantage of international bookmakers is that they have highly competitive odds, especially for sports that are not common in Nigeria. Although some don’t support Naira, bettors still have excellent alternatives. The biggest jurisdictions for offshore betting sites include The UK, Malta and Curacao.

Some of the most popular international bookmakers that accept Nigerian bettors are:

  • bet365  - regulated by the British Gambling Commission
  • Parimatch - with a Curacao eGaming License 
  • 1xBet - a Russian operator with a Curacao License

Foreign Betting Sites That Accept The Nigerian Naira

When choosing the best offshore betting sites in Nigeria, you have to consider if they accept the Naira. Bookmakers that support the local currency are easy to use, especially for beginners. Bettors can transact without worrying about the foreign exchange fee. Additionally, these betting sites tailor bonuses for Nigerian customers. Example of top offshore sportsbooks that accept Naira include:

  • Betway
  • 22Bet

Do Betting Site Bonuses Matter?

When comparing Nigerian betting sites, bonuses are some of the elements to prioritize. A good betting bonus can help boost your bankroll, thus providing you with more betting power. Online sports betting websites are quick to offer betting bonuses for precisely this reason. Attractive promotions are effective in luring punters to use a particular platform. However, betting offers are not all the same and below are some of the aspects to factor in when picking one.

Type of Bonus

Betting sites have various kinds of bonuses to cater to different customers. Punters have widely varying gambling needs, and these inform their decisions when it comes to bonuses. The best online bookmakers provide a decent variety. Some bonuses are popular, while others are only available at selected websites. Welcome offers are the most common because they entice prospective customers to sign up with a particular sportsbook. In most cases, they are deposit match bonuses. A new customer betting bonus can be in funds or free bets. Odds boosts are bonuses structured to increase your profits by providing better odds. Game-specific bonuses are exclusive to specific sports or leagues like the EPL or NBA. A betting website can also offer regular daily, weekly and monthly promotions.

Wagering Requirement

Play-through, rollover or wagering terms are conditions that betting sites impose on bonuses to ensure that customers don’t take advantage of them. Typically, the terms require the punter to bet the bonus a certain number of times before it is cashable. Therefore, ensure that you can meet them before claiming a betting bonus.

Bonus Amount

How much is a sportsbook offering for a particular betting bonus? Although the size of the betting offer is not everything, it influences how much of an advantage you gain. Hence, compare bonus amounts carefully, and consider if they are in Naira.

Time Limit

Betting promotions come with expiry dates. The best betting sites in Nigeria give punters a reasonable period to use up their bonuses. This time limit can be anything from a few days to a month. Check with the operator carefully.

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How To Spot The Best Betting Sites in Nigeria

With the numerous choices available to choose from, settling on one betting site can be daunting. However, knowing what to look for will help. Here are our criteria:

Competitive Betting Odds

You want an online bookmaker that guarantees you the best profits on particular selections if you win. Although it sounds obvious, not every punter pays attention. Local and domestic betting sites in Nigeria provide different odds, with each one trying to convince bettors that it has the best ones. For this reason, take the time to find at least three sportsbooks with the best odds then weigh them against one another. Remember to check out the bookmakers with beef odds guaranteed offers.

Regular Promotions - Loyalty Rewarded

Part of the fun online sports betting is being able to take advantage of the various promotions that bookmakers are so eager to give away. Hence, when deciding where to play, you have to think about the available rewards. Feeling appreciated will open you up to spend more. Besides, you get to stretch your budget further. Note that the best betting sites don’t just have generous promotions, they have them regularly.

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Sports Variety

The available sports betting markets determine the suitability of an online bookmaker. Some sports like football, basketball and tennis are popular and are present on almost every betting website. Nonetheless, you must consider the number of markets covered. If you are comparing football betting sites in Nigeria, you have to check the local and international offerings. Of course, your preferences will determine the most appropriate platform.

Payment Methods and Processing Times

Whether you are betting on a desktop or mobile site, you should be able to deposit funds and withdraw winnings without major issues. Nigerian betting sites provide a number of payment options. Credit cards and virtual wallets are the most popular. Some operators also accept prepaid cards, vouchers, wire transfers and phone bill payments. Look for banking solutions that are convenient to use in the country. Check the service charges, as well. Remember to check the minimum and maximum deposit and withdrawal limits.

Things To Consider Before You Sign Up For Betting Sites in Nigeria

Avoid betting at the first sportsbook that promises a great experience. Betting sites are not built equally, and you should know how to identify legitimate ones.

Security And Reputation

Top-rated betting sites in Nigeria ensure that customers can wager safely. When checking how safe a betting site is, look at its security features. Most reputation bookmakers post-security seals like PCI-DSS, which indicates that the platform is secure for card transactions. SSL encryption is another feature to consider. Find out if particular betting sites have 2-factor authentication for accounts. A decent gambling platform should also have good standing in the industry.

Are They Regulated?

Both local and international betting sites operating in Nigeria have to be registered and licensed by a recognized governing body to operate in the region. The National Lottery Regulatory Commission (NLRC) and The Lagos State Lottery Board (LSLB) are the main gambling regulators in the country. Regulated betting sites have to operate under codes of conduct, which gives customers certain assurances. Punters can be confident about the fairness of the betting options when using a regulated platform.

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Mobile Compatibility

Almost every online sportsbook has a mobile platform. It can be in the form of a downloadable app or a mobile-optimized website. The mobile betting site should provide the same offerings as the standard one. Thus, you should be able to stream events live, bet in-play, deposit and withdraw funds, among other things. Some operators also have exclusive bonuses for mobile users. Whether it’s a website or app, the bookmaker should ensure that it fits small screens without compromising quality.

Responsible Gambling Tools

Some online bookmakers are keen to advocate for responsible gambling and, therefore, provide tools to help bettors. Gambling can get out of control, and it helps when a sportsbook has ways to prevent that. Self-exclusion, betting limits and time-out are some responsible gambling features that are available at betting sites in Nigeria. Some operators also have tips for how to identify problem gambling, which can be useful.

How To Register On Betting Sites in Nigeria

  1. Start by navigating to the registration page of your chosen bookmaker.
  2. Then fill the form with accurate personal information.
  3. Next, give a username and password for the betting account.
  4. Proceed to choose a payment method and currency.
  5. Then submit the information after accepting the terms and conditions.
  6. Usually, the site sends a confirmation email.
  7. Activate and verify your account before you begin betting.

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Exciting Gambling Opportunities with the Best Betting Sites in Nigeria

Online sports betting has advanced a lot in Nigeria. The industry is among the most lucrative entertainment sectors in the West African nation. New betting companies are springing up weekly to satisfy the growing demand for online gambling. Now punters, whatever their interests, have more than enough betting sites at their disposal. It only takes the correct pick to enjoy the marvels of internet sports betting. With the right criteria, bettors can find the most suitable sportsbooks and leverage the offerings present. Whether you prefer local or international bookmakers, rest assured of finding reputable, top-tier gambling platforms.

Betting Sites in Nigeria FAQ

🔐 Is It Safe To Register At Betting Sites?

Yes. Reputable betting sites in Nigeria are safe to use. Customers can provide sensitive personal details and trust that they will be safe. For this reason, ensure that you only register at top-rated and regulated betting sites in Nigeria.

💵 Do I Require A Big Bankroll To Start Betting?

Online sports betting doesn’t require you to have a large budget to start. Some sportsbooks accept minimum bets as low as £0.10. Punters can also take advantage of various bonuses to increase their bankrolls. Whatever the budget, be certain that it’s money that you don’t mind losing.

☂️ Are Betting Sites Fair and Regulated?

Yes. Credible and legal betting sites must have licenses from an independent gambling authority. In Nigeria, the LSLB and NLRC are the leading regulatory bodies. Reputable operators also get audits from third parties to check the fairness of their offerings.

✔️ Can I Make Money From Betting Online?

Yes, online betting can be profitable but not easy. Punters should know how to make predictions and bet on the right selections. You need to invest time and money as well as leverage every tool at your disposal. For example, football prediction sites are great resources to help you make smart betting decisions.

⚖️ Is Sports Betting Legal in Nigeria?

Punters in Nigeria can wager on sports legally in Nigeria as long as it is from a registered and licensed operator. Nonetheless, bettors should check specific state laws to be sure about the legality of online gambling in a particular region.

🎁 How To Claim A Betting Promotion?

Most sports promotions are easy to claim, whether they are free bets or cash offerings. However, the exact procedure varies from one bookmaker to the next. Usually, you have to meet certain eligibility requirements before claiming a betting bonus.

💸 Which is the fastest paying bet site in Nigeria?

Punters have several top betting sites in Nigeria that boast excellent payout times. AccessBET is one of the best sportsbooks to consider for fast withdrawals. Bettors receive their funds within five minutes of sending a withdrawal request.