Lionsbet Sports Betting Review 2020 | Odds, Bonus and Offer
Lionsbet are a relatively new online bookmaker to the market, with the Nigerian bookmaker providing a significant number of sports markets and additional features to an increasing number of customers. However, before we break down their operation as a whole, let’s take a closer look at Lionsbet’s history and achievements to date.
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Having only been founded back in 2016, Lionsbet is a Nigerian online bookmaker who have earned a good reputation as a result of their sports betting and virtual markets. With all services available on multi-platforms, including web, mobiles and tablets, Lionsbet also offer a good number of promotions for both new and existing customers. The bookmaker’s headquarters are in Victoria Island, Lagos, while they hold a full gambling license from the Lagos State Lotteries Board. Our Lionsbet review will take a detailed look at their entire operation, with everything from markets and odds to customer service and promotions covered. However, let’s first provide a look at some of the positive and negative factors surrounding their betting platform.
Pros and Cons of Lionsbet
Upon completing our Lionsbet review, we found the following positive and negative factors:
- Good range of sports and virtual markets
- 24/7 customer service
- Generous welcome bonus
- Quick withdrawals
- No live-streaming options
- Small number of deposit & withdrawal methods
Betting Markets & Odds Quality
Despite having only been in operation for a little over two years, Lionsbet have already introduced a significant number of sports betting markets, ranging from traditionally popular events such as football and tennis to more diverse disciplines including futsal and beach volleyball. A lack of horse racing markets will come as a disappointment to some, however the bookmaker do offer a large number of virtuals in this area. Elsewhere, tennis and basketball feature heavily on a daily basis, while ice hockey and handball are among the emerging markets on their betting platform. In total, our Lionsbet review found that they currently have a total of 26 different sports markets, which includes as follows Soccer, Basketball, Tennis, Ice Hockey, Ski Jumping, Handball, Volleyball and many more.
Meanwhile, when it comes to the odds available at Lionsbet, prices are extremely competetive, which perhaps comes as a surprise given their limited time within the industry. Odds are better than a number of their African competitors, especially when it comes to markets such as football and basketball. As a result, customers at Lionsbet are not required to add a whole host of picks to their bet slip in order to potentially earn some significant winnings. Elsewhere, prices on live betting markets are also likely to appeal to many, with wagering on your favourite football team to score a later winner of tennis player to win a deciding set regularly bringing about some hugely appealing odds. As well as this, a number of promotions available with the bookmaker help to enhance potential winnings even further.
Website & Mobile App Usability
The Lionsbet website is both pleasing on the eye and fully-functional, while a green colour scheme dominates throughout. All sports markets are listed down the left-hand side of the page, while in-play and virtual options can be accessed through cleverly placed tabs at the top of their site, along with current promotions. Customers at Lionsbet are immediately greeted with the most popular markets at the time in the centre of the screen, while an automatically updated bet slip is found on the right-hand side of the page at all times. Meanwhile, a graphic on the home page allows customers to keep up to date with some of the most important factors surrounding LionsBet’s operation at that time, including social media pages, promotions and customer service features. Unlike other bookmakers, their website never appears cluttered or overwhelming, which means customers can easily and quickly locate their preferred pages, before placing bets in just a matter of seconds.
As well as their desktop site, Lionsbet also caters well for their mobile customers. Upon entering their website using your mobile device, their system will ask you how you wish to view the page, with three available options:
- New Mobile and Tablet– A high quality mobile version with all of the desktop extras.
- Old Mobile– A simplified version that isn’t that impressive as to its design, but which represents the best option for old mobile phone users.
- PC– If you select this option, the system will load you the full website version for desktop devices, but we don’t recommend you this alternative as the PC version doesn’t look that fine on a mobile screen.
LionsBet Betting Coverage, Live Betting & Live Streaming
Lionsbet coverage is superb when it comes to sports betting, especially when it comes to football. A huge number of matches are available, from both some of Europe’s biggest domestic leagues to local and even amateur encounters from around the world. Over 1,900 football markets were available at the time of writing this review, with over 300 coming from England, Germany, Spain and Italy. Meanwhile, LionsBet also focus on African competitions, including the Nigerian top-flight. As well as the ability to bet on the winner of an individual match, punters are able to wager upon first goalscorers, total number of goals and yellow and red cards.
Elsewhere, sports such as tennis, basketball and handball are also covered in great detail, with an increasing number of markets coming from more diverse areas including floorball and bandy.
Lionsbet also offer an excellent live betting platform, with thousands of markets available on a daily basis, while an impressive graphic allows customers to follow the action as it unfolds, in the absence of any live streaming capabilities. Upon entering their dedicated live betting page, customers can view the biggest markets at the time down the left-hand side of the page, with football, tennis and volleyball among the most popular events. Their coverage in this area is also great, with a huge number of markets to choose from.
Unfortunately, Lionsbet do not offer anything when it comes to live-streaming, which perhaps does not come as a surprise given the size and experience of the bookmaker. However, they do offer a huge number of virtual betting markets, which is becoming an increasingly popular form of wagering.
LionsBet First Deposit Bonus
Customers at Lionsbet are able to take advantage of a generous welcome bonus, with the bookmaker 100% matching all opening deposits made, up to a maximum of 100,000 Naira. However, the offer does come with some fairly strict wagering requirements, with the bonus cash having to be placed on a bet featuring at least five selections in one bet slip, with each pick having odds of 1.20 or more. Meanwhile, the bookmaker also offers a range of promotions for existing customers, which look as follows:
Accumulator Boost – The “Accumulator Bonus” will boost your ticket total winnings and it is calculated on accumulated games starting 3 or more selections with individual odds of AT LEAST 1.2. Please note that any VOID EVENT will in no way qualify for “Accumulator bonus” hence the wagered bonus may differ from the bonus available on the betslip. Successful draw-no-bet outcomes will also not be calculated as part of an accumulator bonus In order to ascertain the total winnings on a betslip, the accumulator bonus total is to be summed up with the potential winnings. The accumulator bonus starts from (3 selections) of the possible winnings .The more the individual odds of 1.2 selected on a betslip, the more the “Accumulator bonus” you get.
Cashback – The cashback enables a customer to get a percentage of his/her losses incurred during a given period. Minimum of 8 matches on betslip, 1.3 minimum games odd. If betslip contain any game less than 1.3 the betslip will not be eligible. Minimum stake 100 naira, and 1 game lost you will receive (15%) of expected winnings minus the bonuses, minus the game that spoils it. Please note Cash back does not apply on betslip played from Bonus balance.
Free Bet – FreeBets is a service that rewards loyal customers with a certain amount for bet placement after having reached a set limit of stake amount. FreeBets have an expiry date of 1 week, minimum odds for single bet 1.2 for accumulator also 1.2 on each game. Customer will be able to place a bet on any sports and use the free bet to play only 1 bet with the money granted. The rule: each customer that stakes over 20,000K within a week on Sports betting and the three Virtuals but not including Betman Games will receive 1 free bet of 500N to be played on 1 single match or 1accumulator bet, if the player staked 40,000K he will receive 2 FreeBets worth 1000K A pop up notification will show that he/she has won himself 500N or more to play on any match with minimum 1.2 odds. Client cannot withdraw the 500N without wagering it. The meter tracker in Account >> Bonus will track all stakes of the player easy access and it will be display in the bonus rules on the site just like the 1st Deposit Bonus Tracker. the freebets claimed during a specific week are being granted on Monday, around mid-day, it does not matter if the free bet was achieved on Thursday or Tuesday – it will be playable on Monday
Player Points – The FPP enables a customer to accumulate redeemable points (virtual amount) which can either be withdrawn or used to stake bets. The Frequent Player Points meter will show when you go to account and click on bonus and scroll down. Once you reach 1,000 points click on payout and automatically the points will be exchanged to naira and sent straight to your winning balance. The points are added for each ticket submitted through web or mobile app. Minimum stake per bet 100N min unique odds 1.2 the client receives 1 point. Each point will be considered as 1 naira when exchanged to cash.
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Payments – Deposits & Withdrawals
Lionsbet offers just a small number of options when it comes to processing both deposits and withdrawals on their betting platform, however the available bookmaker payment methods should still meet the needs and wants of many within Nigeria. Both deposits and withdrawals are processed free of charge, while the time frame taken will depend on the method selected by the customer. The majority of deposit options allow for immediate payments, while withdrawals take between 1-7 days in general. In total, the following options are also available when it comes to making deposits at LionsBet:
Mastercard, Visa, Verve, Interswitch, Quickteller ATM, Paydirect, Scratch Card
Meanwhile, withdrawals can only be processed through a bank payout. Elsewhere, the minimum deposit available at Lionsbet starts at just 50 Naira, with maximum stakes currently sitting at 100,000 Naira. Elsewhere, maximum withdrawals per day sit at 250,000, while minimum withdrawals are currently at 1,000. The majority of payouts take less than 10 minutes!
Customer service, Security & Reliability
Customer service at Lionsbet is superb, with a large number of methods of communication available. Customers are able to communicate with support agents via telephone, email and a message feature, while an effective live chat feature is regularly utilised by customers looking for quick answers to their questions. Meanwhile, LionsBet also take advantage of their social media pages, with Facebook and Twitter users able to send and receive messages here too. Despite all methods of communication not being available on a 24/7 basis, customers will usually find an available means, with response times being at a good level.
Lionsbet, despite having only been in operation for a little over two years, now have a good reputation within the industry, with the bookmaker holding a full gambling license the Lagos State Lotteries Board. Elsewhere, the bookmaker uses a state of the art SSL encryption on all betting platforms, which helps to ensure that all transactions processed are 100% secure. The company do not provide a whole lot of information in this area however, meaning that it is difficult to make a full conclusion on their security.
Our review has clearly identified a whole host of advantages when it comes to Lionsbet, with each helping to satisfy existing customers and attract new punters. Lionsbet offer a wide range of sports betting markets, with their in-play options also growing all of the time. As well as this, Lionsbet perform well when it comes to customer service, promotions and reliability, while their desktop and mobile websites are easy to use and functional, as well as being pleasing on the eye.
Lionsbet have clearly achieved an awful lost in such a short space of time, with their betting platform set to attract a large number of new customers as a result of their range of attractive features and services. Their level of both pre-match and in-play markets can compete with even some of the largest bookmakers online today, while their odds are also pleasing, especially on football, which forms a significant proportion of their operation. Elsewhere, Lionsbet’s customer service features are also excellent, with the introduction of a live chat option putting them ahead of many of their competitors already. Despite a lack of live streaming options and small number of withdrawal options, Lionsbet’s betting platform is hugely impressive, with an increasing number of customers set to take advantage.