Best Nigerian betting site for Sports Betting | Sport-betting.ng (original) (raw)
Best Sports to Bet On With Nigerian Betting Sites
When you think of sports in Nigeria, the first thing that would probably come to your mind is football. However, there are so many other sports for you discover. Basketball, tennis, boxing, and formula 1 are just some of those sports. Read on and find out what you stand to gain if you bet on these sports.
Football
Football is one of the most popular sports in the world. In Nigeria, about 80 million of us watch football and approximately 60 million of us bet on football. Let’s talk about the pros and cons of betting on this sport.
| Pros | Cons |
|---|---|
| Increase your football knowledge | Potential for addiction |
| More variety as several leagues are available (UEFA Champions League, Premier League, Bundesliga, and more) | |
| Convenience as you can bet from the comfort of your home | |
| More access to sports betting sites since the sports is popular |
Basketball
Basketball is another really exciting sport. Though not as popular as football, this sport has millions of fans in Nigeria. If you are one of those fans, then read on to find out the advantages and disadvantages of betting on basketball.
| Pros | Cons |
|---|---|
| Learn new basketball strategies | Low limits and low odds for European competitions |
| High frequency of events | Weak coverage from bookmakers |
| Many matches with equal probability | |
| Bookmakers keep their margins to minimum |
Tennis
If you’re tired of seeing 22 players run around a ball, then the fast-paced tennis is for you. Let’s talk about the pros and cons of betting on this sport.
| Pros | Cons |
|---|---|
| There is no draw result | Fixed games |
| Large number of markets | Irregularities (like bad weather) lead to games being postponed |
| Frequent match-ups | |
| Numerous matches |
Boxing
Boxing is one of the oldest sports known to man. If you’re interested in betting on this sport, then check out the pros and cons of betting on it.
| Pros | Cons |
|---|---|
| It’s an individual sport, so outcome depends on just one player | Refereeing scandals are common |
| Multiple betting markets | Short odds |
| Small number of participants so knowledge field is not broad | |
| Fights are more interesting to watch |
Formula 1
Fast cars, exciting races, and thrilling turns, what is there not to love about Formula 1? Betting on this sport is just as exciting as watching it. Let’s have a look at the advantages and disadvantages of betting on it.
| Pros | Cons |
|---|---|
| Increases the thrill of the game | So many possible outcomes |
| Possibility to bet on special features | No live streaming |
| Very active during weekends | |
| Very high odds for less popular drivers |
How to Sign Up on Nigerian Betting Sites
While some betting sites might have particularities, the signup process at Nigerian betting sites is pretty much the same. To start your bet naija journey, follow these steps:
- Choose a betting site.
- Register personal information (name, phone number, address, email address).
- Choose a password.
- Confirm email address or mobile number.
- Choose a deposit method.
- Make your first deposit.
- Claim your welcome bonus (optional).
- Start betting.
Current Best Bonuses on Nigerian Betting Sites
| Brand | Bonus | Best Features |
|---|---|---|
| 1xBet | 300% first deposit bonus of up to 145,600 NGN | Multiple promos – 30% cashback bonus – VIP cashback – Lucky Friday promotions of up to 49,000 NGN |
| Betway | 100% first deposit bonus | Awoof Naijackpot promotion -Top up Tuesdays – Super boost Saturday |
| Netbet | 100% first deposit bonus | Use code WELCOME200NG for maximum bonuses – 50% winnings on combo boost |
| 22bet | Up to 50,000 NGN 100% matched up bonus | Live betting – Online casino feature – Mobile app |
Payment Methods Accepted at Nigerian Betting Sites
Payment methods are probably the most important feature on sports betting sites. Nigerians can use several payment methods to make deposits and withdraw any potential winnings. Note that PayPal is not suitable for use in Nigeria, so is not listed here. But let us talk about the other methods:
Cards
Cards are some of the most popular payment methods on betting sites worldwide. If you have a bank account, then there is a high chance that you know how they work. There are different types of cards and different providers. Let’s have a look at the two most common cards.
Visa
You will almost always see Visa listed as a payment method on top betting sites. There are several options for Visa: debit and credit cards. These cards offer maximum security and a very fast processing speed.
Mastercard
Mastercard debit and credit cards are popular payment methods as well. Just like Visa, payments are processed very quickly, and they offer maximum security. Deposits reflect in your account instantly.
e-Wallets
Within the last decade in Nigeria, the popularity of e-Wallets has skyrocketed. Here are some of the e-Wallets you’ll commonly find on betting sites.
MoneyGo
MoneyGo is available worldwide and accepts Nigerian players. You can fund your account through bank transfer. This e-Wallet processes payments instantly and its SSL encryption technology ensures all your data is safe and secure.
Perfect Money
With perfect money, you can fund your account with direct deposits, wire transfers, and money terminals. Payments are processed instantly when you use this e-Wallet.
Skrill 1-Tap
Skrill 1-Tap is a perfect alternative for PayPal. You can load your Skrill 1-Tap account with your card. You can also withdraw from your Skrill account to your card.
Paga App
You can use the Paga App on your phone or your computer. The transaction limit per day on this e-Wallet is 1,000,000 NGN.
Flutterwave
You have probably heard about Flutterwave before. This e-Wallet was founded in Nigeria in 2016. It offers secure, quick, and confidential transactions.
Paystack
Paystack offers several payment channels that you can use to fund and withdraw from your account. All transaction times depend on the payment channel you decide to use. Some of these payment channels are cards, bank accounts, and USSD.
Cash
Players also have the option of making transactions directly without using any third-party apps or sites. Here are some ways you can do that.
1xBet Cash (For 1xBet Players Only)
When you use this payment method to fund your 1xBet account, there are no service charges. The minimum deposit amount is 1 USD (740 NGN).
Direct Bank Transfer
You could also choose to make your transactions through direct bank transfers. Withdrawals with this payment method take about 2-8 business days to show up in your account.
Self Service Terminals
A self-service terminal is a self-operated device or terminal that reads, captures, and transmits debit card information and provides the user of the debit card with the product or service requested. One of these self-service terminals is Quickteller.
Quickteller
To deposit with Quickteller, you have to top your account with a service like Western Union. The funds will reflect instantly, and you can start betting on your favorite sports. It is perfect for players who would prefer to keep their banking information private.
Prepaid Cards
Prepaid cards are not linked to any account. When you buy them, they are already loaded with funds. Each purchase made with the card is deducted from the card’s balance. Paysafecard is a popular prepaid card that Nigerians can use on sports betting sites.
Paysafecard
Paysafecard is powered by Mastercard. To use this card, you would have to register on the platform and then collect your physical card at any offline outlet. Many betting sites accept this payment method.
e-Vouchers
e-Vouchers are an electronic version of gift vouchers. They are also known as gift cards. They can be redeemed online using a particular code. Jeton Cash is a popular e-Voucher in Nigeria.
Jeton Cash
To redeem your Jeton Cash e-Voucher, go to the sports betting site, select Jeton Cash then put in the 19-digit code and the value of the voucher. Topping up your Jeton wallet is easy. This e-Voucher is delivered via email.
Cryptocurrency
Cryptocurrency is becoming more popular on betting sites because of its quick processing speed and low fees. Here are some of the most popular cryptocurrencies you can use to make deposits and withdraw potential winnings in Nigeria.
Bitcoin
Bitcoin is one of the most popular cryptocurrency wallets in Nigeria, maybe the most popular. This cryptocurrency wallet can be funded using your bank account. After you choose the amount, you want to deposit on your preferred bookmaker, a Bitcoin address will pop up. You will have to go to your crypto wallet to process the payment. It will reflect on your balance instantly.
Ethereum
Ethereum gained momentum in Nigeria within the last decade. It is very easy to use, and the deposit process is similar to the one you use for Bitcoin. Deposits are processed instantly.
AS Roma
AS Roma fan tokens influence the decisions taken at the AS Roma HQ. To purchase AS Roma fan tokens, you will need to download and log in to the Socios.com App. Betting sites like 1Xbet accept this crypto token.
Withdrawal Methods Generally Accepted at Nigerian Betting Sites
At sports betting sites, there are withdrawal-specific payment methods. This is because not all deposit methods can be used to make withdrawals. Here are some of the most common withdrawal methods accepted at Nigerian betting sites.
| Method | Description | Processing Time | Fees | Limit |
|---|---|---|---|---|
| Interswitch | Payment system | 4-8 business days | 1.5% | Minimum: 500 NGN Maximum: 250,000 NGN |
| Opay | eWallet | 1-2 business days | 50-1500 NGN | Min: 100 NGN Max: 99,000,000 NGN |
| EFT | eWallet | 1-2 business days | 50-1500 NGN | Min: 100 NGN Max: 99,000,000 NGN |
| Paystack | Payment system | 24-48 hours | 1.5% | Min: 500 NGN Max: 100,000,000 NGN |
| Verve | Bank card | 1-5 business days | None | Min: 1000-5000 NGN Max: 500,000 NGN |
| Mastercard | Bank card | 1-7 business days | None | Min: 700 NGN Max: 2,500,000 NGN |
| Visa | Bank card | 1-7 business days | None | Min: 700 NGN Max: 2,500,000 NGN |
| Bitcoin | Cryptocurrency | 15 minutes | None | Min: 700 NGN Max: no limit |
| Skrill | e-Wallet | 15 minutes | None | Min: 100 NGN Max: 99,000,000 NGN |
| Perfect Money | e-Wallet | 15 minutes | None | Min: 100 NGN Max: 99,000,000 NGN |
In Nigeria, gambling is legal in all 36 states. To play, you need to be at least 18 years old. Betting is regulated by the National Lottery Regulatory Commission but also happens at state levels. Most of the 36 states have Lottery Boards that regulate the gambling market. Some of these lottery boards are the Lagos State Lottery and Gaming Authority, the Oyo State Gaming Board, and the Benue State Sports and Marketing Lottery Board.
Gambling is legal in Nigeria, but online gambling is in the grey area as the Criminal Act Code (updated in 2004) does not really cover it. However, playing at sportsbooks licensed by offshore gambling bodies is not forbidden. We recommend bookmakers with licenses from reputable names like the Malta Gaming Authority (MGA), the United Kingdom Gambling Commission, or the Alderney Gambling Control Commission. Very often, you will find the bookmaker’s information at the bottom of the page. Bookmakers licensed by these reputable gambling bodies will ask you to verify your information after you sign up. You might need to send your passport, national identity card, or driver’s license.
Best Nigerian Betting Sites FAQs
Which is the betting site in Nigeria?
Several betting sites are available in Nigeria, where you can bet on games from the comfort of your couch. It is important that you choose a betting site that is safe and licensed by a reputable gambling body like the Malta Gaming Commission or the Lagos State Lottery and Gaming Authority. Some of the betting sites we recommend are 22bet, 1Xbet, Betway, and Netbet.
What is the safest betting site in Nigeria?
When we talk about safety in terms of betting sites, we are referring to how secure your transactions are and if your personal details are protected. The sites we recommend (Betway, 1Xbet, 22bet, and Netbet) are all secured with SSL encryption technologies. This means that no third-party can access any of your details or steal your payment information.
Which is the oldest betting site in Nigeria
The oldest betting site is Nairabet. It was founded in 2009 by Akin Alabi. He had the brilliant idea of founding this company when he went to the UK and visited a sports betting shop with his brother. The company has since then been a success, ranking amongst the most visited Nigerian websites.
Is betting legal in Nigeria?
Even though we have a controversial history with gambling, it is completely legal to bet in Nigeria if you are above 18 years of age. State Lottery Boards have peculiarities, so it would be best for you to check out which games you can and cannot bet on in your state. For example, it is illegal to bet on roulette in certain states.
Which Nigerian betting site has the best odds?
The betting sites with the best odds are Betway, Netbet, 22bet, and 1Xbet. At 22bet, the odds go up to 200.00!
What payment methods can I use on Nigerian betting sites
The most convenient payment methods to use on Nigerian sites are Opay, Paga, Paystack, and Flutterwave. You can also make deposits and withdraw potential winnings through direct bank transfers. Credit and debit cards are also acceptable. However, the limits set by the CBN will make it hard for you to use them.