How To Bet Guide For Online Sports Betting In Nigeria 2024

For new punters, knowing how to bet in a responsible yet entertaining way may seem quite intimidating. Sports betting in Nigeria has made considerable growth in the past few years and people either want to play or bet on a game. This article lays down some of the key things every punter should know so as to have a wonderful gambling experience without losing their money.

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The Basics of How To Bet At Sports Betting Sites

Online sports betting can be divided into four main categories. These categories lay the foundation for a punter’s gambling experience and should therefore be taken into consideration by every beginner who’s learning how to bet. They include the type of bookmaker chosen, types of bets available, types of odds given and the system or strategy used. These categories affect one another and if one lags, the entire process falls apart and losses are incurred. For example, a legal and honest bookmaker will have favourable odds and plenty of markets made available for their customers.

Football betting

Popular Types of Sports Bets

Sports betting sites often get creative with the type of sports bets they offer, so here are some of the most popular ones.

1×2 (three-way betting)

A Three-way bet is a wager that has three possible outcomes namely, win, loss, or draw. Punters can then place a bet on the potential winning team or select the ‘draw’ option. Three-way bets have high odds which is why bookmakers include them in their major sporting events such as football matches.


In over/under bets, punters must select whether the total number of scores or points scored by both teams in a game will be higher or lower than the number set by the bookmaker. Over/under bets can be difficult to master and factors such as trends, injuries, team reports, and environment should not be ignored.

Draw no Bet

Draw no bet is a type of sports bet market that only allows bettors to place a bet on either a home or away win. It protects a bettor’s stake, unlike other markets. Meaning that, if a match ends in a draw, the bookmaker cancels the bet and no money is lost.

Asian Handicap (AH) Betting

In Asian handicap, a draw is taken out and the punter is given two options to choose from namely, half goal and whole goal. The term handicap means that one team has a head start before the game begins. Asian handicap is available in almost all major sporting events.

Accumulator (ACCA) Betting

The accumulator method has multiple selections. A bet can only be successful if all selections win. Accumulators also have high returns that make them well-accepted by bettors. Returns are gotten by multiplying the stake by the odds then multiplying the first returns by the second set of odds and so on.

Odds Explained With Examples

All skilled punters learn how to bet by first understanding how odds work. Odds reflect the probability of a particular outcome in a sporting event. They are responsible for the returns a punter will get at the end of the match and the amount of money used to place a bet. Below are the three types of odds that are available at all major gambling websites.

Fraction Odds

Fractional odds can be described as the ratio of the returns to the stake. The denominator is the amount bet and the numerator is the amount a wager will yield. If ₦500 is bet at 3/1 odds, the return will be ₦1500 plus the original stake of ₦500.

Decimal Odds

Decimal odds are easy to calculate. For instance, if a punter placed a ₦500 bet on decimal odds of 2.5, winnings can be calculated by multiplying the ₦500 by 2.5 to get ₦1250. This simple method of calculation has made decimal odds very popular amongst bookmakers and bettors.

Moneyline Odds

These odds have a positive or negative sign. A positive sign shows what a wager of $100 can make while a negative one shows the wagered amount that can win $100. For example; to bet on a team at -150, one will have to wager $150 to win $100.

Why Do Odds Change?

Odds change due to factors such as team lineups, game schedules, and weather. Some online bookmakers will have favourable odds while others will not. Sometimes when leading bookmakers move their odds, other companies may follow suit to prevent bettors from taking advantage of the new odds.

How To bet On Live Matches

Sports Betting Strategies and Systems

There are several systems and strategies that a beginner can use when learning how to bet. The most popular strategies include the teaser, prop, parlay, future, and pleaser strategy. As for systems, the most popular ones include the Martingale and Fibonacci methods way of gambling.

Parlay Strategy

Parlay is a single sports wager that contains two or more bets together. This strategy is popular with money lines, point spreads, futures, prop bets, and even totals bets. Parlays are known to offer more flexibility and larger payouts than other strategies.

Matched System

Matched betting is by far the best system a beginner or gambling professional can employ when learning how to bet. It works by backing a bet then laying it off in situations where the bookmaker has promised to match a bet with a free bet or another offer.

Live Score Check Your bet Slip

How to Check a Bet Slip

Bookmakers have different methods of letting their customers check their bet slip. Punters can check their bet slip by visiting the bookmaker’s website or using the operator’s app to access their account. Other bookmakers may also send an SMS notification of the bet slip.

Top 6 Tips on How to Bet on Sports

Learning how to bet takes patience. However, here are a few things that one can do to improve one’s skills.

Cash Out

The cash-out option allows bettors to get their initial wagers back before an event ends. This feature varies depending on the bookmaker and it is popular with in-play betting where punters are can bet while the race or match is taking place.

Do Your Homework

It is important that you do thorough research before placing any bet. Go online and visit trusted gambling reviewers, read team reports and search for injury reports and weather forecasts. Check the game schedules and look for other important material such as the current team lineup and individual performance.

Head Over Heart

To know when and how to bet means understanding that nothing is ever certain. Betting on your favourite teams which usually emerge as winners may make you overconfident. This may result in huge losses that can otherwise be avoided by paying more attention to other surrounding factors.

Set Up a Betting Bank

Setting aside a sum of money that you can use exclusively for gambling is the most important thing a punter can do. Doing this will promote responsible gaming and prevent future hiccups. Proper management of a gambling bankroll is essential when learning how to bet.

Do not Chase Losses

Mistakes are made from time to time but what is important is learning from them and making the necessary changes. Losing money always comes as a huge blow but punters should avoid placing bets as a replacement for their losses because doing this might cultivate irresponsible gaming behaviour.

Enjoy Yourself

Betting allows punters to make money while having fun. Try not to get caught up in making profits and forget that gambling is a thrilling and entertaining experience. From watching the games unfold to calculating the best odds, punters should hone their skills while enjoying their leisure time.

how to bet - cash back

How to Book a Bet

Sports Betting sites make it easy to book a bet’, see the step by step guide below:

  1. First, visit the bookmaker’s website.
  2. Make the necessary selections then click on the ‘book a bet’ button. 
  3. Unique code will be generated that can be printed into a coupon or written down.
  4. One can then visit any outlet shop of the bookmaker.
  5. Present the code to the cashier and pay. 
  6. Bets will then be placed using the odds present at the time of payment.
Successful sports betting

How To Bet Successfully

There is no guaranteed way of being a successful bettor. For beginners, research and consistency is the key to accurate predictions. What works for one game may not necessarily work for another. So many bookmakers offer insights and research material to their customers and this can act as a stepping stone to knowing how to bet.

As a beginner, make each wager count by shopping around for generous offers and promotions, trying out different bookmakers, and practicing responsible gaming. Knowing how to bet on different sports such as football, tennis, and basketball may seem daunting but the benefits are worthwhile.

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Bookmakers in Nigeria - What to Look For?

With so many bookmakers in the market, it can be difficult choosing the right one. So what should you look for? Make sure you read our “Bookmakers in Nigeria” page to find out the important factors of a good bookmaker.

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