Welcome to BettingSites.ng – Your Ultimate Guide to Online Sports Betting Sites in Nigeria

Out of all the African countries, online sports betting is a major hit in Nigeria. It’s no secret that Nigerians love to gamble online. The global popularity of sports betting and the fact that high-speed Internet is adopted in more regions than ever in Nigeria are the two biggest contributing facts to the rise of online sports betting. If you want to start betting like a pro, you’re at the right place and the right time. BettingSites.ng is your ultimate source of information on everything related to online sports betting. 

Our team works hard to identify the top betting sites in Nigeria along with helpful betting guides, tips, predictions, analyses, and previews. Nigeria is a breeding ground for great new betting sites. Of course, with the number of bookies on offer, it’s harder than ever to make the right pick. That’s why we’re here. We’re going to give you a transparent overview of all the bookies you can trust in Nigeria. With this guide, you can make your pick with ease and start betting like a boss without a lot of effort.

List of the Best Betting Sites 2021

Expert Rating
Highlights
Welcome Offer
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  • Odds are some of the most lucrative in the business
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  • Huge number of available matches
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MELbet Review
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  • Nigeria’s most famous bookmakers
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  • International Sportsbook
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NetBet Review
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  • Huge number of football markets
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  • Huge number of football markets
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Bet365 Review
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  • Good selection of betting markets
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  • Good selection of betting markets
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BetBonanza Review
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Betwinner Review
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  • Well-established bookmaker
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  • Well-established bookmaker
  • 24/7 support
  • Wide range of sports markets
NairaBet Review
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  • Excellent platform for live betting
  • Diverse range of markets
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  • Excellent platform for live betting
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ComeOn Review
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  • Leading bookmaker
  • Huge number of sports markets
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  • Leading bookmaker
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William Hill Review
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  • Good range of sports
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Lionsbet Review
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  • Over 40.000 offers a day
  • Great live betting options
  • Good usability of desktop/mobile
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  • Over 40.000 offers a day
  • Great live betting options
  • Good usability of desktop/mobile
888sport Review
  • Good range of sports
  • Nigerian-friendly banking options
  • 5% Cashback
  • Good range of sports
  • Nigerian-friendly banking options
  • 5% Cashback
Merrybet Review
25K
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  • Operating since 2011
  • Easy to use sportsbook
  • Excellent live betting center
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  • Operating since 2011
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  • Excellent live betting center
Surebet247 Review
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  • Betting exchange
  • Easy-to-use website
  • Very good mobile betting
Betfair Review

 

 

 

The Advantages of Bettingsites.ng

online betting overviewComparison Tool
Our comparison tool lets you compare bookies and their features so you know what they offer and how they compare. This makes choosing a betting site much easier.
online betting experienceSports Betting Guides
With our sports betting guides on football and other sports, you’ll get up to speed on sports betting with ease.
online betting bonusUp-to-Date Special Bonus Offers
We have the absolute best offers you can find at Nigerian betting sites in 2021 and will always keep you up to date with the latest bonuses and promotions.
online betting guideTips and Predictions
Our team of experts offers regular tips, predictions, analyses, and previews of the biggest derbies in sports.

Top Online Sports Betting Sites in Nigeria

If you’re an avid sports fan and punter, you probably know that the Nigerian online sports betting market is pretty saturated. There are plenty of options to pick from, with each bookie trying to offer unique services. Of course, not all bookies on the market make the cut at our site. We only choose the most trusted and reliable bookmakers because we want you to feel safe while betting on sports online.

Our betting portal has the answers to these questions:

  • Who has the best bonuses and promotions?
  • Which bookie has the best odds?
  • What betting sites are the best?
  • What’s the best mobile betting site in Nigeria?
Expert Rating
Highlights
Welcome Offer
₦50000
110% up to ₦50000 Welcome Bonus
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  • Betting tailored for Africans
  • Amazing no-deposit bonus offer
  • Odds are some of the most lucrative in the business
₦50000
110% up to ₦50000 Welcome Bonus
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  • Betting tailored for Africans
  • Amazing no-deposit bonus offer
  • Odds are some of the most lucrative in the business
Wazobet Review
50K
100% up to ₦50.000 Welcome Bonus
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  • Accepts Naira as a form of currency
  • Very High odds
  • Excellent in-play and streaming
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  • Accepts Naira as a form of currency
  • Very High odds
  • Excellent in-play and streaming
22Bet Review
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  • Huge number of available matches
  • Customer-oriented philosophy
  • A large number of bonuses
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  • Huge number of available matches
  • Customer-oriented philosophy
  • A large number of bonuses
MELbet Review
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  • Nigeria’s most famous bookmakers
  • Good selection in sports betting
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  • Nigeria’s most famous bookmakers
  • Good selection in sports betting
  • Local customer support
bet9ja Review
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  • Virtual markets
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1XBET Review
111K
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  • A wide array of betting market
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  • A wide array of betting market
  • User-friendly mobile app
  • Stream live matches on the go
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Parimatch Review
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  • International Sportsbook
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  • International Sportsbook
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Betway Review
100K
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  • Great Variety of Markets
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NetBet Review
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  • Huge number of football markets
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Bet365 Review
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  • Good selection of betting markets
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  • Good selection of betting markets
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BetBonanza Review
Best Sportsbook in Test

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Everything You Need to Know About Online Sports Betting

nigerian women promoting sports betting

In the past couple of decades, online sports betting has fully moved online. While they still operate, betting shops have largely been overtaken by online betting sites. That’s a perfect example of evolution. Online bookmakers simply have more markets and better odds and services that make betting shops obsolete.

Online sports betting has numerous advantages over betting shops. Apart from the fact that you don’t need to take a trip to the nearest shop, the variety of markets is simply unbeatable. Online sports betting sites have better odds too and exclusive features you won’t find in betting shops.

The variety of sports has also been improved. Why stick to only a sport or two when you can bet on dozens? That’s the miracle of sports betting – having more options than ever. All of that comes with the possibility to bet on the go, anytime and anywhere. Just take your phone out and place bets with ease on your favorite markets.

Here at BettingSites.ng, we’ll tell you everything you need to know about sports betting and how to place your first bet.

How Does Online Sports Betting Work?

Online sports betting works just like in a shop. However, it is way more convenient than betting shops, not to mention widely available. Why take a trip to the bookies just to place a bet when you can do it from home? Or on the go, if you prefer it that way.

To get started, all you need to do is create an account. Don’t rush to deposit and bet – check the betting site out, see what it offers, get a feel for it. When you’re ready, you can proceed to bet at one of the thousands of markets on offer.

Here’s a simple step-by-step guide:

  • Find a suitable betting site;
  • Visit the website;
  • Sign up at the bookie – you will need to share some personal details including name/surname, email address, and more;
  • Once you’re in, make your first deposit;
  • The money should land in your account right away. Enjoy the markets on offer, but not before claiming a welcome bonus or free bet.

There you have it. As soon as your account is up and running, you’re free to bet on whatever you set your sights on.

What’s the Best Sports Betting Site?

There’s no such thing as a perfect betting site. Every bookie has something unique to offer and offers a different experience. The good news is that there are plenty that have precisely what you need. Every punter has different wants and needs, and there’s a bookie for every type of Nigerian punter.

Instead of searching for the best bookies by yourself, you can read our guide on this page. We’ve searched high and low for the best online sports betting sites in Nigeria. We’ve rated the best among them, giving you a chance to bet at reputable bookies only. We have guides on all the sports you can think of, not just football. Sure, betting on the NPFL and the Super Eagles is pretty popular in Nigeria, but there’s a world of possibilities beyond it.

The betting portals on our page are legit and unique. They’re the best sports betting sites in the business, and as such, you shouldn’t hesitate to join any.

Guide for Sports Betting Newbies

Here at BettingSites.ng, we’re aware that online sports betting is more than just football. New punters are attracted to football action, but we’re here to tell you that there’s more to betting than you know it.

Our guides to sports betting newbies will let you know that football isn’t the only sport on the map. We have a guide for all the top sports in Nigeria, including horse racing, basketball, tennis, and even eSports. All of them are written in language that’s easy to understand and are quite helpful, especially for new Nigerian punters.

With our guides, you’ll learn how to bet on all sports online and eventually how to become a better punter. Don’t hesitate to read them – if you’re new to sports betting, you’ll need all the help you can get.

 

Nigeria Fan sports betting

Nigerian supporters for Super Eagles – bet today!

Sports Betting in Nigeria

With the unemployment crisis in Nigeria, the youth have turned to alternative sources of income. Online sports betting is one of the favorite pastimes in African countries. While it should never be looked at as a source of income, many Nigerian punters use sports betting to put bread on the table. It’s a harsh reality, yet one that has helped many families stay afloat.

The rise of online sports betting in Nigeria followed the unemployment crisis. Online bookies first appeared in 2007 and haven’t stopped growing since. An influx of new bookmakers in recent years has grown the market further, making it a frenzy that can’t be matched by any other African country.

As the industry grew in Nigeria, new sports betting sites jumped on the bandwagon. The first step to lure new Nigerian punters in was setting up betting shops with local agents. The moment the industry moved online, though, its popularity skyrocketed.

In 2021, Nigeria has millions of punters who can’t wait to place their bets online. With the simplicity of bookies and our helpful guides, it’s never been easier to bet on sports online.

 

Online Sports Betting is here for the Long Run

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It’s pretty clear that the online sports betting industry is here to stay in Nigeria (and throughout Africa). Betting shops remain ever-so-popular, but the emergence of online sports betting sites is the fuel the industry needed.

It’s safe to say that Nigerian punters prefer to bet online. It’s simply easier than going to a betting shop that can sometimes be pretty far away from your home. Why travel when you can place wagers from the comfort of your home? Or on the go – mobile sports betting is particularly popular too. Of course, online betting has its pros and cons, but the pros far outweigh the cons.

However, offline betting is also popular, as it has some advantages online bookies can’t offer. For example, it’s much easier to stop betting in shops due to the physical aspect of money. If you run out of it, you won’t be able to place bets. Online, you can use your credit card or transfer money between accounts and continue betting which can have unforeseen consequences.

Still, it’s simply easier to place bets online, and most Nigerian punters prefer betting that way.

 

The Advantages of Online Betting

Online betting is simply more convenient than shops. Aside from the larger number of markets and the better odds, you can also bet on games as they happen. Live betting is one of the top advantages online bookies offer. It’s much more exciting than betting on fixed odds and opens up hundreds of new opportunities for seasoned punters.

Another major advantage of online sportsbooks is that you can place bets anytime and anywhere. This is a level of comfort you can’t get in betting shops. Live betting is available on mobile devices too. No need to sit in front of your PC for it. As long as you have a stable Internet connection, you’re good to go.

 

licensed betting sites nigeria

Some of Our Favourite Betting Portals with license in Nigeria

There are no major disadvantages to online betting aside from being too addictive. Unlike in betting shops, it’s harder to stop betting on sports online. If you’re not disciplined, your money can be gone in a flash. That’s why many betting sites are part of Responsible Gambling programs that will lend a helping hand when you need it.

Sports Betting Regulations in Nigeria

online betting nigeria flag

There are different laws throughout Africa when it comes to online betting. In Nigeria, everything is regulated by the National Lottery Regulatory Commission. Without its approval and a paid license, an online bookie can’t operate in the West African country.

Before a betting site can operate, it also needs to meet a variety of criteria. The sports betting industry in Nigeria is backed up by the National Lottery Act of 2005, and Chapter 22 from the Criminal Code. It specifies which gambling activities are legal in Nigeria. The law explicitly forbids betting on games of chance, with only skill-based games permitted.

Since the Lottery Act is over 15 years old and hasn’t been updated very often, there are no major regulations when it comes to online betting. Online sportsbooks still need a license to operate, but unlicensed sites have slipped through the cracks. So far, over 20 sportsbooks have been approved for operation, with licenses valid for a couple more years.

Nigerian Gambling Laws

As mentioned earlier, all gambling laws in Nigeria are subject to the Lottery Act of 2005 and the Chapter 22 Criminal Code. This special code has been in existence since 1990 and was updated in 2004 most recently. Some forms of skill-based games are permitted by the law, but games of chance such as roulette are still forbidden, which presents a big challenge for operators.

National Lottery Regulatory Commission

National Lottery Regulatory Commission: https://nlrc-gov.ng/

On the other hand, betting on sports is perfectly legal. Each state can determine which events are permitted and which are forbidden, but in general, the most popular sports are all legit to bet on.

Taxation

When it comes to taxes on online sports betting, punters have got it all wrong. Most of them believe that winnings are not subject to taxes, but they are. The Casino Taxation Act of 1965 states that casino winnings are taxed at 20%. However, the law is pretty old and unclear, so tax professionals can provide sure answers on the correct amount of tax.

One thing is clear, though – everything you win in online casinos or betting sites will be taxed.

Why Choose BettingSites.ng for Sports Betting?

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BettingSites.ng is your ultimate source of transparent and honest betting sites reviews. From the moment we built our site, our goal has always been to provide punters with honest reviews and a clear overview of the best betting sites in Nigeria and Africa. With more bookmakers than ever joining the market, we want to draw a line in the sand between the ones worthy of your attention and scams.

We also offer important information that will essentially make you a better punter.

Is BettingSites.ng Transparent?

Yes, it is. If you want to make progress in your online betting career, you’ll need help. We lend a helping hand to anyone who needs it with transparent reviews. All of the sportsbooks featured on our pages go through a rigorous testing process. If anything is off, we’ll tell you. We’re truly committed to beat the bookies and only align with the Nigerian punter.

Is the Team Behind the Site Experienced?

Our team of experts has over 20 years of experience in online sports betting, so we can safely say that we’re not newbies. We know how the betting industry works and know precisely what punters want and need. Our insights in online betting have helped us create this site and we’ll always work with you regardless of the odds.

Does BettingSites.ng Provide Info on Key Online Betting Bonuses and Promotions in Nigeria?

Yes, we do. With the heavy competition trading blows every step of the way, it can be tough to find the top betting offers in Nigeria. Finding the best bonuses and promotions often means combing through a bunch of offers that aren’t worth a look. With our help, you’ll find the best offers you can’t refuse.

Good betting bonuses and free bets are not just for new punters. Existing customers can earn their fair share of great offers. If you want to enjoy sports betting the way it’s meant to be, you should only choose operators with great betting bonuses. To make things simple for you, we’ve compiled them all in a list.

 

netbet sports betting nigeria

Netbet is one of Nigerias leading Sports Betting Provider with excellent bonus offer

Are There Any Tips and Predictions to Learn at the Site?

Everyone claims that they know the best betting tips and have the best predictions. However, no one does it better than us. It’s a big plus that all of our predictions are free. With the level of experience our team has and the insight we have on football matches and more, you’ll always get the best possible predictions.

What’s so Special About BettingSites.ng’s Betting Predictions?

question mark online betting

Everyone on the Internet claims they’re the best in predicting football matches. However, rarely anyone gets things right all the time. Thanks to our team, though, you’ll always get the most accurate predictions.

With our team’s experience in online sports betting and the advanced algorithms we use, we deliver on-point predictions for football and every other sport popular in Nigeria.

We also ask the right questions our readers want to know. By answering these, you’ll be getting nothing but the top sports betting sites in Nigeria just like you deserve.

Do BettingSites.ng’s Predictions Always Hit the Target?

Our hit rate is over the 70% mark, which isn’t a surprise considering the algorithms we use and our stats-based predictions. In any case, sticking to our predictions gives you a much better chance to hit a win or two.

Latest Sports News Straight to Your Mobile Phone

If you want to be a good punter, you don’t want to miss the latest sports news. Instead of subscribing to a dozen blogs and sites, BettingSites.ng has everything you need. Our feed is constantly updated with the latest sports news. These include team news on the Super Eagles, key NPFL news, and previews on big derbies.

We’ve got you covered 24/7, and you can opt to get the information on your mobile phone. In that way, you’ll always be kept in the loop when it comes to sports betting.

Do Sports Betting Sites Have all the Right Markets?

While most sportsbooks aim for a wide range of markets, not everyone has them all. Some, for example, might be great for football but can have a subpar offer of tennis markets. Others will be great for basketball but may lack live betting.

That’s the beauty of the sports betting industry. You’re free to choose operators on your own. You don’t need to stick to a single operator. Better yet, create different accounts at different sites and you’ll always get the best odds on any market.

Which Operator Has the Best Odds?

With the online sports betting industry being highly competitive, the odds on several sports and markets are different between bookies. While the difference will be subtle at most sportsbooks, odds can differ greatly between popular and up-and-coming bookmakers.

Our goal here at BettingSites.ng is to always give you the bookmakers with the best odds. In that way, you’ll always stay in the loop with the latest and greatest odds which means you’ll always have the best chances to win.

Is Navigating the Betting Platform Easy?

While many punters disregard the importance of a user-friendly interface, the layout and design can make all the difference. Imagine betting on a sportsbook where the interface is clumsy or messy so you can’t find your favorite markets? A proper Nigerian betting site in 2021 should have a nicely organized website that you can navigate with ease across all devices.

You should always pick these platforms if you want to keep your life easy. Join a betting site with a messy interface and you’ll easily lose interest after a while.

Does the Bookie Have a Mobile Platform for Online Betting?

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Let us start by saying that no Nigerian betting site should lack a mobile betting platform in 2021. Most of them have dedicated betting apps, while all of the best betting sites in Nigeria right now have at least a mobile-optimized website.

Both are great choices. Mobile betting apps look better and are usually easier to use, but if the site lacks it, don’t worry. Most betting sites in Nigeria have mobile-optimized websites that look and feel just like the desktop version, so you can navigate them easily and place your bets with a flick of your finger.

The majority of bookies in Nigeria are compatible with all kinds of mobile devices, including older and newer generations of Androids and iPhones. Betting on the go doesn’t require specific hardware – as long as you have a stable Internet connection, you can place your bets anytime and anywhere.

Live Betting is Very Important

It’s fair to say that live betting has revolutionized the online sports betting industry. There’s no question that bookies without it are not worth it in 2021. Live betting is simply more exciting and fun than betting on fixed odds, so if a bookie lacks this platform, it’s best to skip it.

Why rid yourself of fantastic winning opportunities when you can always bet on the absolute best markets with live odds? Find a bookie with a live betting platform and enjoy all the advantages this type of betting offers.

Does the Bookie Have a Valid License?

It goes without saying that whenever you’re looking for a new bookie to join, you should only be looking at licensed and regulated websites. While the industry is trying to push scam sites out, it’s a very difficult job. Many slip unnoticed through the cracks, but you can avoid them all by simply checking for a license.

It is usually available in the website’s footer. A proper bookmaker in Nigeria in 2021 should be licensed by the Nigerian Lottery Regulation Commission. That’s the only license that matters for a site to be able to offer its services to Nigerian punters.

How Reputable is BettingSites.ng on the Nigerian Online Sports Betting Scene?

The Nigerian online sports betting market is pretty saturated right now. There are dozens of bookies available, so it’s getting harder and harder to check how good each one really is. That’s why we’re here. To collect information on the top betting sites in Nigeria and tell you the truth about each one.

We’ll never beat around the bush and we’ll always tell you which sites are worth it. We never post sponsored reviews and we don’t play politics. If you want to learn more about a particular bookie, read our expert reviews and you’ll get a pretty clear picture of what to expect.

Are the Tips and Predictions Available on BettingSites.ng Free?

Yes, they are, and they always will be. Our tips and predictions have a win rate of over 70%. We’re not ideal, but there’s no way to predict every match in the right way. Sports and betting are unpredictable and we never brag about getting all tips right. Unlike many paid platforms, we’re honest and never lie.

Our advanced algorithms and team of experts do their best for each match. The analyses, tips, and predictions combine stats, head-to-head matches, and other factors that we use to deliver sound predictions. You don’t have to pay a single Naira for it. All the information on our site is free.

Top Sports Betting Bonuses & Promotions

If we had to describe the online sports betting industry in Nigeria at the moment, it would be survival of the fittest. The market has never been more competitive before, which is a good thing for punters. Thanks to the heavy competition, all Nigerian betting sites are doing their best to attract new and seasoned punters, and that means loads of fantastic bonuses and promotions.

 

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There are quite a few betting bonuses you can claim these days. Free bets, welcome bonuses, deposit and no deposit offers, and loyalty rewards are all on display. Bookies are free to choose what they offer, but it all begins with the welcome bonus. In most cases, operators will offer a free bet on your first deposit and bet, while others will cover 100% (or a smaller portion) of your first deposit.

And, while all betting bonuses and promotions look impressive, you shouldn’t just claim the first bonus you come across. As a matter of fact, you need to take several factors into consideration before you make a choice. A massive betting bonus means nothing if the terms aren’t fair. You should also keep in mind that no bonus is free, no matter what the operator says. There’s no such thing as free money at gambling sites.

Aside from deposit bonus offers and free bets, you can also expect to see a slew of special offers at Nigerian betting sites. These, for example, include Acca boosts, special horse race betting offers, and other types of bonuses. Once again, it’s crucial to check the terms and conditions before getting these bonus offers as you can miss important rules that will result in forfeited bonus funds.

The most important terms include:

  • Minimum deposit: (for example, 100 Naira)
  • Maximum deposit covered by the bonus: (for example, 100,000 Naira)
  • Wagering requirements: the number of times the bonus should be wagered before you can collect any winnings
  • Time: the time limit you have to complete the wagering before the bonus is forfeited

These are just a fraction of the bonus terms that are important before you claim the offer. There are many others you should check. Yes, no one likes to read the fine print, but the devil is always in the details. If you want to put the bonus to good use, you have to check the T&Cs.

Most Popular Sports Markets to Bet in Nigeria

Nigerian punters have access to hundreds or even thousands of markets every day. That goes double for football. As the world’s premier sport, the majority of online sports betting markets are oriented toward football. Football markets are where you usually get the best possible odds, although it pays to explore all of the bookie’s options before you settle on a choice.

1×2 – the Favorite Football Market

While the match winner market is the most popular one in Nigeria, you need to look beyond it. Match winners may be a punter’s favorite, but in many cases, the odds are much higher on goal markets or handicaps.

When it comes to football, you have to check all options, not stick to 1×2. Of course, it goes without saying that when you find great odds on this particular market, you should take them.

Make sure to check the markets on offer and the odds a bookmaker offers before you choose to register. After all, you’re always looking for the best value in return for your bets.

22bet betting odds nigeria

Premier League betting at 22bet

Handicap Betting

Apart from the match winner market, Nigerian bettors love placing their money on handicaps. It’s fair to say that handicaps are much more exciting than any other market. They’re quite useful too, especially when the difference in quality is major in a football match. Such one-sided matches can only be played with handicaps, at least if you want to win some Naira in return.

Goal Betting

New punters may be a bit confused about goal betting, but seasoned bettors know that this market hides shockingly good value. You can back both teams to score, one team to bag a goal or two (or more) in the first or second half or choose to back neither team to score. Goal betting markets run pretty deep in football, and many of them offer great value in return.

You will certainly appreciate goal betting in close matches where the teams can’t be separated. If the goalscoring of both has been hot recently, backing them both to score is as good a bet as any.

Totals (Points)

Totals may be more suitable to seasoned punters, but once you get the hang of this market, you’ll love it. Points total betting is usually used on basketball matches. Also known as spread betting, this market is particularly great in one-sided matches. Instead of backing up the favorite with low odds or the underdog with high, you can bet over or under the line of total points scored in the match.

If you’re familiar with spreads and you know your NBA teams, you can win solid money with this market. It can also be applied to other sports. Ask some Nigerian punters, and they’ll say that it’s a goldmine with a bit of practice and some luck.

Total Goals

Total goals scored in a match is a market not unlike spread betting in basketball. This time, however, you’re predicting the total number of goals scored in a football or other type of sport over the course of halftime or the full match.

You can, for example, bet over or under a set line of goals in the derby between Barcelona or Real Madrid. Punters can bet on over 2.5 goals in that match – in this case, you will win if the total number of goals is 3. Which side scores them doesn’t matter – it’s only the number that counts.

This is a great market for punters who don’t like to pick sides. You’re not betting on a win but the goals scored, and with total goals, you can often find great value.

How to Improve Your Chances of Winning in Sports Betting?

There’s no special formula that can make you a winner every time you place a bet on sports. The good news is that our collection of betting guides and the tips by our experts are more than enough to help you make a better punter.

While winning is not guaranteed, the innovative algorithms and unique predictions and tips you can find here on BettingSites.ng aim to improve your chances of winning. Our services are completely free, so why not give them a try?

The Best Online Sports Betting Strategies

If you want to win on sports betting in Nigeria, you must use a strategy. Simply putting your Naira down on any market you find interesting isn’t going to cut it. Pro punters always have a strategy that optimized their profits and minimizes losses. The best betting strategies can be found right here on BettingSites.ng, your ultimate source of online sports betting information.

Our experts deploy strategies that aim to boost your profits and cut your losses. We will show you how to beat the bookies without paying a cent for it. Just make sure to stick to the strategies, or you’ll find yourself in trouble.

Different Types of Betting Odds

What are sports betting odds? These are numbers that show the probability of an outcome on a sports match. Smaller odds give you a better chance to win, but they offer less in return. Higher odds are a high-risk-high-reward kind of situation, but you aren’t likely to profit of them often.

Sports betting sites in Nigeria show odds in three different formats. Nigerian punters usually stick to decimal odds, but American sports, for example, may be displayed with the American format. Below we’ll tell you all you need to know about the three main types of sports betting odds.

 

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American Format

American odds are displayed with a – and + sign in front of the favorite and underdog respectively. Also known as moneyline odds, betting on odds of -300 indicates the money you need to spend to earn $100 in return. You can use the formula:

Return = {stake x (fractional odds)} + stake

Conversely, betting on an underdog with odds of +300 means that you’ll earn a $300 profit for every $100 you bet.

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Decimal Format

The decimal odds format is most widespread and easiest to understand. Also known as European odds, this format displays the total return in two decimal spots. The formula for these odds is easy to calculate:

Total return = stake x decimal odds

Bet 1,000 Naira on Barcelona to win at 1.50, and you get 1,500 in return. That covers the initial stake as well.

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Fractional Format

The fractional odds format is popular in the UK and rarely anywhere else. It’s commonly used on Premier League matches and horse races. These odds are displayed as a fraction, with the formula calculated like this:

Total return = {stake x (fractional odds)} + stake

While it all looks and sounds complicated, they’re easy to understand once you get the hang of them. For example, a bet on Barcelona to win at 1/3 means that you’ll be getting 133 ₦ in return on a 100 Naira bet.

Most Popular Payment Methods for Nigerian Punters

Naira Cash sports betting in nigeria

A lot of payment methods for sports betting in Nigeria available

The majority of bookies in Nigeria accept a wide range of payment methods that can be used for deposits and withdrawals. Funding your online betting account has been made easy with bank transfers, credit/debit cards, and e-wallets. What option you choose is up to you. However, for their convenience and fast transfers, e-wallets may be your best option.

Here’s a breakdown of the payment methods available to Nigerian punters:

  • Credit and debit cards: Visa and Mastercard remain the most common payment options available to Nigerian punters. They feature fast deposits and withdrawals that are 100% safe and secure. In most cases, these cards are tied to Nigerian banks which have almost impermeable security. If you’re looking for a safe and secure deposit option to use, they are the best choice.
  • Bank transfers: depositing via your bank account might be slower, but it beats any other method in terms of security. Plus, bank transfers usually allow for a larger sum of money unlike credit and debit cards which have a lower deposit limit.
  • E-wallets: e-wallets are the payment method of the new era. They don’t require bank accounts, are very convenient to use, and can be used on the go as well. Keep in mind that not all e-wallets qualify for betting bonuses, especially welcome offers.

Most online sports betting sites in Nigeria will only allow you to withdraw to your bank account. It needs to be in the same name as the account holder, or else you might lose the withdrawal. Make sure to read the terms and check the limits on all payment options to never be in doubt.

What is Responsible Gambling in Sports Betting?

Online betting and gambling can be very addictive and dangerous. Responsible Gambling is a program the best online betting sites in Nigeria stick to. It offers help to punters in need and allows them to self-exclude from betting sites to prevent problem gambling.

Gambling should be fun and recreational, not seen as a source of income. Below you can find a few tips and tricks that will keep your sports betting under control.

Here are tips to apply for responsible gambling in sports betting

Set a Budget and Stick to It

If you don’t manage your bankroll and keep an eye on your budget, you’ll be in trouble before you know it. You should always set a budget for sports betting and stick to it. Once you’re over the daily (or weekly, monthly) limit, stop betting and return another day.

Bet Only with Money You Can Afford to Lose

If you don’t bet with money you can afford to lose, you can expect trouble to follow. You should set aside a budget for sports betting and never touch money that are already in your plans for food, rent, or other stuff.

Don’t Chase Your Losses

This is the first rule of gambling online – never chase your losses. It’s a bad tactic that will result in more money lost than you can handle. If you’re lost several times in a row, it’s time to change tactics or take a break.

Always Bet with a Cool Head

You should never bet on sports online when under the influence or when you’re angry. It will lead to bad decisions that will certainly cost you. Always bet with a cool head and you should think much clearly which will surely be better for you.

FAQ’s About Sports Betting in Nigeria

Is online sports betting in Nigeria safe?

Yes, of course online sports betting is safe in Nigeria. If you choose from our recommended sportsbooks, that is. Punters must be aware that some unlicensed sites can slip through the cracks unnoticed. All of the betting sites on our list are fully licensed and regulated, so you can choose without any doubt in your mind.

Is betting legit in Nigeria?

The Lagos State Lotteries Board and the National Lottery Regulatory Commission are the two top governing bodies that regulate sportsbooks in Nigeria. Punters are also free to bet at international licensed betting sites which offer their services to Nigerian punters.

Are betting winnings taxable in Nigeria?

This depends on the state you’re in. Even if you need to pay taxes on your winnings, the amount is insignificant.

Are online sports betting sites in Nigeria fair and regulated?

Sports betting is regulated in Nigeria, so you can bet safely on your favorite sports without thinking twice. When it comes to fairness, you don’t need to worry about anything as long as you pick a regulated bookie.

Do I need to have a big bankroll before I start betting online?

No, you don’t. Most betting sites accept low deposit amounts, so you don’t need to deposit a lot of Naira to start betting. Even a small deposit such as 10,000 ₦ will do nicely.

How to make money on online sports betting?

Reading our expert tips and predictions, analyses, and in-depth match previews will give you a better chance at winning your bets. However, you also need to understand that sports and sports betting are unpredictable, so you won’t win all of your bet slips.

How do I get a sign up bonus?

In order to get a sign up bonus or free bet, you will need to register at a sportsbook and deposit for the first time. In some cases, you will also need to place your first bet.

Can I bet on sports online from my mobile phone?

Yes, you can. The best betting sites in Nigeria in 2021 have either a dedicated mobile app or at least a mobile-optimized website that makes it easy to bet on the go.

What’s the best Nigerian betting site?

That’s entirely to your liking. Nigerian punters have a lot of picks on offer, so it’s best to explore all sites to learn what they offer and see which one suits your interests the most.

What sports can I bet on in Nigeria online?

You can bet on anything you set your mind on, including football, basketball, tennis, the Olympics, and even Esports and politics.

Why use our portal on your Sports Betting Journey?

If you’re a true Nigerian punter, you want to win. Bettingsites.ng is packed with all the winning strategies, guides, and insider information that’s capable of ensuring you record more wins than losses. Follow people wey sabi road o, so you no go lost o!

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