List of Best Betting Companies in Nigeria | 2020
All online betting companies and sites on our list are: 🔒 Licenced & Verified
Betting Companies in Nigeria
Nigeria boasts several inbound land-based and online betting companies. All wagers paid out must be from pooled (shared or pari-mutuel bets), and totaliser machines must be used. These register all bets and divide winnings accurately, thus ensuring complete fairness.
The diverse range of sports on offer should satisfy the interests and preferences of every bettor, and includes Baseball, Basketball, Cricket, Rugby, Tennis, Boxing and, of course, the perennially popular Beautiful Game of Soccer.
No matter how much skill or experience you have as a bettor, you’ll find a great selection of bets to suit your level of expertise. Predict the straight-up winner, or which team will come first in a point spread or handicap wager.
You will also be able to place various totals and proposition bets, which are based on specific occurrences such as who will score the first goal of the game, the manner in which the first goal will be scored, and which player will get a yellow card and be asked to leave the field.
In addition to local online betting companies, Nigerians also have access to several offshore options. These international companies offer even more markets, with wider coverage, and often include niche interests such as political and entertainment events.
Online betting companies, based both inside and outside Nigeria, tend to offer competitive odds and are generally compatible with all desktop and mobile devices. In a country where smartphone use is as widespread as it is Nigeria, this is good business sense and is great news for bettors.
Regulations for Betting Companies in Nigeria
Rather than a specific piece of legislation dedicated to betting laws, parts of Nigeria’s Criminal Codes Act, passed in 1990, sets down the regulations that cover these companies. Land-based sports betting is completely legal under these sections, no matter what range of events and markets a company offers.
Since there were no online betting companies or operations in existence in 1990 when the Criminal Codes Act was introduced, it makes sense that they are not addressed in the legislation at all. However, since desktop and especially mobile bets are so popular in Nigeria, the authorities have made provisions to monitor and regulate their local digital industry.
Many brick-and-mortar companies also have online platforms, in addition to local companies that only exist in the online space. Both of these categories fall under the auspices of the National Lottery Regulatory Commission. Bettors also have a huge selection of offshore betting companies at their fingertips, all waiting to welcome Nigerian bettors.
International companies are not, of course, monitored and authorised by the National Lottery Regulatory Commission, but they are licensed by other trusted jurisdictions such as authorities in Malta, the United Kingdom, Gibraltar and Curaçao.
No matter where a licence was issued, as long as the betting company is open to Nigerian players, the permit means you can trust that proper standards of fairness and security are upheld at all times and that if you experience any issues, you can bring them before the authority and expect them to be dealt with properly.
How to Find the Best Betting Companies in Nigeria
The most important thing when making this important decision of which betting company to choose is to make sure that the operator holds a valid licence, either from the NLRC or from an international jurisdiction in the case of offshore companies. Besides that, you should always ask yourself the following;
- Do they offer a good mobile betting platform?
- What banking options do they offer?
- Do they offer a welcome bonus?
- Do they offer the opportunity to bet on your desired markets and events?
Make sure that the betting company offer a betting platform that will work well on your mobile device. Some online betting companies and betting sites in Nigeria still offer their old mobile betting platforms and lite versions – which can come in handy if you are using and old mobile phone. The lite versions are also very easy on the mobile data consumption.
Banking options need to be diverse enough to accommodate your needs, and to allow deposits and withdrawals in Nigerian Naira. For example there are three very popular local financial services in Nigeria such as PayStack, Naira MasterCard and Quickteller. Always keep an eye open for these alternatives if you are used to using these banking methods previously.
Bonus & Promotions
Many online betting companies and sites in Nigeria offer various promotions and welcome bonuses. Always make sure you understand all the terms and conditions of these bonuses, since nothing rarely comes for free in the gambling world. Generally these betting bonuses comes with fair T&C’s, so look around before you choose which betting company or site in Nigeria you wish to sign up with.
Sports Betting Events & Markets
We all have our preferences in terms of what we like to bet on. Anything from South African cricket to English soccer. So before you decide to register you should always have a closer look at what the betting company has to offer you in terms of events and markets.
Top List of Betting Companies in Nigeria
There are many popular online sports betting companies and sites in Nigeria and below you will find a list with our favourite betting sites in nigeria.
Below you will find our comparison list of welcome bonuses in Nigeria from our favourite betting companies and sites.
|Betting Company||Welcome Bonus|
|Bet9ja||Up to ₦100,000 Welcome Bonus|
|Betway||Up to ₦100,000 Welcome Bonus|
|NairaBET||No welcome bonus|
|NetBet||Up to ₦100,000 Welcome Bonus|
|BetBiga||Up to ₦50,000 Welcome Bonus|
|LionsBet||Up to ₦100,000 Welcome Bonus|
|Surebet247||Up to ₦25,000 Welcome Bonus|
|Naijabet.com||₦50 Free Welcome Bonus|
|1xBet Nigeria||Up to ₦100,000 Welcome Bonus|
Betting Trend in Nigeria
More and more punters in Nigeria are moving over from betting shops to online betting. Betting companies now focus on cross-border betting alternatives, such as;
- Betting Shops
- Online Betting
- SMS Betting
- WAP Betting
With an increasing access to internet and smart mobile devices the online betting industry will soon be the number one focus area for betting companies in Nigeria.
Google Searches in Nigeria
Betting Companies Nigeria FAQ
How many betting companies are there in Nigeria
There are several betting companies who offer their services to the people of Nigeria. There are however only a few betting companies that has received gambling licences and are operating legally within the country’s borders. The three most popular betting companies are:
- Betway Nigeria
Is online betting legal in Nigeria
Online gambling in Nigeria is regulated by the Nigerian Lottery Commission. All betting companies in Nigeria are required to obtain a license from the gaming commission before offering their services in Nigeria. Nigerian law does not mention online space and there is no restriction for the people to reach local or foreign gambling sites.