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Betfarm Sports Betting Review 2020

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Betfarm
100% up to ₦20,000
GO TO Betfarm
8.2
100% up to ₦20,000
T&C APPLY, 18+ ONLY
T&C APPLY, 18+ ONLY

POSITIVE
  • A Large Number Of Deposit Options To Choose From
  • Two Enticing Sportsbook Welcome Offer Bonuses On Offer
  • Excellent Mobile App
NEGATIVE
  • Minimum Withdrawal Amount Is On The Higher Side – 5,000 NGN
  • Just One Sport-Related Promotional Offer, At The Time Of Writing
  • Live Streaming Service Is Not Out Of The Top Drawer
  • A Large Number Of Deposit Options To Choose From
  • Two Enticing Sportsbook Welcome Offer Bonuses On Offer
  • Excellent Mobile App
  • Minimum Withdrawal Amount Is On The Higher Side – 5,000 NGN
  • Just One Sport-Related Promotional Offer, At The Time Of Writing
  • Live Streaming Service Is Not Out Of The Top Drawer

Introduction

Betfarm is one of Nigeria’s newest sports betting platform which debuted in 2018. The betting site is licensed and regulated in Nigeria – License No. PPL 08059, and is offering over 40,000 live matches to choose from, on a monthly basis, at the time of writing.

The purpose of this review is to gauge Betfarm’s various offerings, and to determine whether the betting site is the perfect fit for you. Does Betfarm tick all the right boxes? Read on to find out, and learn much more.

Registration process


  • You must click on the yellow-coloured “REGISTER” button, at the top of the centre of your screen, to register at the betting site
  • Betfarm’s registration process requires you to fill a registration form, and verify your provided email address
  • After you click on the “green-coloured” “SUMBIT” button, Betfarm will send you an email with a verification link, to your registered email address
  • You must click on this link to verify your email address
  • As soon as your email address is verified, you can log into your Betfarm account
  • The betting site may ask you to submit documents towards proving your identity, when you initiate your first withdrawal

betfarm registration process step1

To initiate the registration process at Betfarm, click on the yellow-coloured “REGISTER” button, at the top of the centre of your screen. Betfarm’s registration process requires you to fill a registration form, and verify your provided email address. As can be seen from the above-mentioned image, you must enter your full name, choose your gender, enter your date of birth, enter your email address, and choose a unique username.

You must create a password, choose your country of residence (Nigeria), choose your state of residence, choose your preferred currency, and enter your mobile number (+234). You must tick the box which confirms that you are over 18 years of age, and that you have read through the betting site’s “Terms & Conditions”, and “Privacy Policy”.

As soon as you have entered all of the above-mentioned details, click on the green-coloured “SUBMIT” button.

betfarm registration process step2

As soon as you click on this button, Betfarm will send you an email with a verification link, to your registered email address.

betfarm registration process step3

You must open the email sent to you by Betfarm, as can be seen from the below-mentioned image.

betfarm registration process step4

As can be seen from the above-mentioned image, you must click on the yellow-coloured “Verify My Account” button, to verify your email address. As soon as you click on this button, a “Success” message will appear on your screen.

betfarm registration process step5

At this stage, you can log into your Betfarm account. As soon as you log into your Betfarm account, you will be redirected to the betting site’s homepage. The betting site may ask you to submit documents towards proving your identity, when you initiate your first withdrawal.

Deposits and Withdrawals options


  • At the time of writing, Betfarm is offering its Nigerian customers several deposit options to choose from
  • The most popular deposit options on offer at Betfarm, include Debit Card, Credit Card, Paystack, Instant Bank Transfer, and ATM Deposit, among other options
  • You can withdraw funds via a Debit Card, a Credit Card, Paystack, and Verve
  • The minimum deposit amount at Betfarm is 100 NGN
  • The minimum withdrawal amount on offer at Betfarm is on the higher side - 5,000 NGN
  • The maximum withdrawal amount on offer at the betting site, is 500,000 NGN
  • Fees apply in due accordance to the chosen payment option, and the amount you wish to deposit/withdraw
  • Deposits are processed instantly, while withdrawals take up to 3 Working Days
  • The betting site may ask you to submit documents towards proving your identity, when you initiate your first withdrawal

betfarm withdrawals

As soon as you have verified your Betfarm account, you can go on to deposit funds. To deposit funds into your Betfarm account, hover your mouse over your account section, and click on the “Deposit” option.

As soon as you click on this option, you will be redirected to the betting site’s “Deposit” page. As can be seen from the above-mentioned image, Betfarm is offering several payment methods, at the time of writing.

The most popular deposit options on offer at Betfarm, include Debit Card, Credit Card, Paystack, Instant Bank Transfer, and ATM Deposit, among other options. It must be kept in mind that the use of Credit Cards will be banned as a whole, from the 14th of April, 2020.

The minimum deposit amount on offer at the betting site is 100 NGN – Deposits are processed instantly.

betfarm deposits

As can be seen from the above-mentioned image, you can withdraw funds via a Debit Card, a Credit Card, Paystack, and Verve. The minimum withdrawal amount on offer at Betfarm is on the higher side – 5,000 NGN, while the maximum withdrawal amount on offer at the betting site is 500,000 NGN.

Withdrawals take up to 3 Working Days to be processed. It must be noted that fees apply in due accordance to the chosen payment option, and the amount you wish to deposit/withdraw. The betting site may ask you to submit documents towards proving your identity, when you initiate your first withdrawal.

Check our extensive guide to payment options in Nigeria here. 

Welcome Bonus


  • At the time of writing, Betfarm is offering two wonderful welcome offer bonuses
  • The betting site is offering a 500 NGN Free Bet
  • The betting site is also offering a 100% welcome offer bonus on your first three deposits, amounting to 20,000 NGN each
  • Certain terms and conditions apply for the same

betfarm free bet offer

At the time of writing, Betfarm is offering two wonderful welcome offer bonuses. As soon as you register at Betfarm, and deposit at least 100 NGN into your Betfarm account, you will receive a 500 NGN Free Bet.

You must use the Free Bet on a single-placed bet, on a First Goal Scorer market, within 7 days of receiving the Free Bet. The betting site is offering another welcome offer bonus as well. Betfarm is offering a 100% welcome offer bonus on your first three deposits, up to 20,000 NGN each.

Check our list of other Free bets in Nigeria here. 

You must opt into this welcome offer bonus, via the betting site’s “Bonuses” section. The minimum deposit amount for the same is 1,000 NGN, while the maximum deposit amount is 20,000 NGN. To convert bonus funds into real money, you must wager the bonus amount at least once, by placing an Accumulator Bet with 5 or more selections, at odds of 2.0 or greater.

Check our extensive guide to Accumulator Betting and Promotions here. 

It must be noted that the maximum winnings that you can derive from a bet placed to meet Betfarm’s wagering requirements, is 20,000 NGN (For each deposit, and received bonus amount). The bonus amount will be declared void, after 7 days of your claiming it.

Sportsbook promotions


  • At the time of writing, Betfarm is offering just the one sport-related promotional offer
  • The betting site is offering a Cut-One Insurance, on a placed Football Multiple Bet – 500% of your initial stake
  • Certain terms and conditions apply for the same

betfarm cut-one insurance offer

At the time of writing, Betfarm is offering just the one sport-related promotional offer. The betting site is offering a Cut-One Insurance – 500% of your initial stake. Certain terms and conditions apply for the same. You must place a Football Multiple Bet, with 15 or more selections.

These are the markets that you can punt on – Match Result (1X2), Correct Score, Last Goal Scorer, First Goal Scorer, and Anytime Goal Scorer. It must be noted that each individual selection must bear odds of 1.6 or more. If one of these selections cuts, Betfarm will pay you 500% of your initial stake.

For example, if you wager a 1,000 NGN Football Multiple Bet, while fulfilling the above-mentioned criteria, in the quest of winning 25,000 NGN, and if one of your selections results in a loss, Betfarm will pay you 5,000 NGN, as compensation.
Betfarm is offering a Casino-related promotional offer as well, at the time of writing. We hope that the betting site offers more sport-related promotional offers, in the near future.

 

VIP Program

At the time of writing, Betfarm is not offering a VIP Program, or a Loyalty Reward System. Given the importance of such schemes, when it comes to attracting, and retaining loyal customers, and Betfarm’s standing in the Nigerian betting industry, we hope that Betfarm offers a VIP Program sooner, rather than later.

Pre-match offer


  • At the time of writing, Betfarm is offering odds on over 15 sports
  • Betfarm is offering a competitive nature of odds, coupled with active sports markets
  • The minimum stake that you can place on a Sports market of your choice, is 100 NGN. The maximum stake amount though, varies from market-to-market, and depends on the odds that you are backing, and the number of selections that you have made

betfarm pre-match betting

At the time of writing, Betfarm is offering odds on over 15 sports. The betting site is offering odds on popular sports like Football and Tennis, as well as unique sports markets like Futsal, and Snooker, among other options. This ensures that punters of all kinds, have a sports market to their liking.

The minimum stake that you can place on a Sports market of your choice, is 100 NGN. The maximum stake amount though, varies from market-to-market, and depends on the odds that you are backing, and the number of selections that you have made.

That being said, you must perform your due diligence at all times, and look to place a bet on a betting site, which is offering the best odds for a bet that you may want to place – Even if this means betting on a site other than Betfarm.

You must calculate the bookmaker’s margin for a betting variant that you want to place a bet on as well. As may already be known, bookmaker’s margin is the margin of profit that a betting site charges over you. You should look to place a bet on betting variants with a margin nearer to the 100% mark (Ideal market mark).

Steer clear of placing bets on betting variants with a margin which touches, or exceeds the 110% mark. To determine the bookmaker’s margin for a betting variant, you must calculate its Odds Overround. The Odds Overround for a betting variant, can be calculated by converting the fractional odds of each outcome of a betting variant, into the decimal form.

Divide each of these outcomes by 100, and add the resulting numbers together. With the help of the resultant number, you can determine the bookmaker’s margin for a betting variant in question. We determined the Odds Overround for a match to be contested in the Australian: A-League, to determine the quality of the odds on offer at Betfarm.

The Odds Overround were found to be 106.75, which indicates that Betfarm is offering a competitive nature of odds, coupled with active sports markets.

 

Esports

Esports have gathered momentum up late, and is of no real surprise that many gamers are earning a living off playing their favourite Esports! Several local, and international-based Esports tournaments take place on an annual basis.
Betfarm is offering odds on several Esports-based markets, including the likes of Counter-Strike: Global Offensive, Dota 2, and League of Legends.

You must keep in mind, that performing due research is of the essence. Back an Esports-based team, or player, with a proven track record of winning.
The minimum stake that you can place on an Esports market of your choice, is 100 NGN. The maximum stake amount though, varies from market-to-market, and depends on the odds that you are backing, and the number of selections that you have made

 

Other Specials

At the time of writing, Betfarm is offering odds on Politics-based markets, and Other Specials.

When it comes to Politics-based markets, Betfarm is offering odds on the Winner of the US Presidential Election 2020, the Next (UK) Prime Minister, and the Australian Federal Election, among other options.

When it comes to Other Specials, Betfarm is offering odds on The Nobel Prize – The Nobel Peace Prize 2020, Space Specials, and Rap Battle, among other options.

The minimum stake that you can place on a Special market of your choice, is 100 NGN. The maximum stake amount though, varies from market-to-market, and depends on the odds that you are backing, and the number of selections that you have made

 

Cash Out and Bet Builder

At the time of writing, while Betfarm is offering Cash Out, the betting site is not offering Bet Builder. Given the extravagance of betting options that Bet Builder is associated with, it is rather disappointing that Betfarm is not offering an option to build a bet via Bet Builder.

We hope that the betting site offers Bet Builder in the near future.

That being said, Cash Out is a wonderful feature. Cash Out in essence, allows you to retrieve partial winnings on a placed bet, if you have already won a bet, in due course of an in-play match, or if you feel that you could go on to lose a placed bet.

The amount of money retrieved via Cash Out, depends on the odds in favour of your backed selection/selections, and the exact time of Cashing Out – You could end up winning more or less than your initially placed stake.

Live offer


  • At the time of writing, Betfarm is offering an excellent live betting arena
  • Betfarm is offering a number of popular and unique betting variants to punt on, a graphical representation of an ongoing match, a live scorecard with live updates, and in-play match statistics
  • The betting site is offering a dedicated “Results” section, a statistics section, and a “Multi View” option as well
  • While Betfarm is offering live streaming services, and voice commentary for select sports markets and matches, Betfarm’s live streaming services aren’t of the highest quality, and often lag

betfarm live betting

At the time of writing, Betfarm is offering an excellent live betting arena, with over 40,000 live matches on offer, on a monthly basis. To access Betfarm’s in-play section, click on the “LIVE” option, present at the top-left hand side of the betting site’s main navigation bar.

As soon as you click on this option, you will be redirected to the betting site’s in-play section. Click on an in-play match of your choice, to be redirected to its live betting arena.

As can be seen from the above-mentioned image, Betfarm is offering a number of popular and unique betting variants to punt on, a graphical representation of an ongoing match, a live scorecard with live updates, and in-play match statistics.

The betting site is offering a dedicated “Results” section, a statistics section, and a “Multi View” option as well. To access the betting site’s statistics section, click on the icon with three bars of varying heights (Tri-level podium), present at the left-hand side of the graphical representation, of an ongoing match.

Betfarm’s statistics section comes with head-to-head statistics, results of previous encounters, and form guides, among other statistical insights. The betting site’s “Results” section, comes with past match results. Both of these sections are of utmost importance, when it comes to chalking down an effective betting strategy.

The betting site’s “Multi View” section allows you to follow, and bet on up to three in-play matches at the same time. While Betfarm is offering live streaming services, and voice commentary for select sports markets and matches, Betfarm’s live streaming services aren’t of the highest quality, and often lag.

We hope that Betfarm improves on its live streaming services in time to come.

 

Security


  • As is advertised on the betting site, Betfarm is Nigeria’s favourite sports betting platform
  • Betfarm is licensed and regulated in Nigeria – License No. PPL 08059
  • Betfarm comes with an excellent “Responsible Gaming” section, complete with a plethora of safe gambling options
  • The betting site is secure, transparent, and reliable

As is advertised on the betting site, Betfarm is Nigeria’s favourite sports betting platform. The betting site is licensed and regulated in Nigeria – License No. PPL 08059. The betting site is secure, transparent, and reliable. Betfarm comes with an excellent “Responsible Gaming” section, complete with a plethora of safe gambling options.

To access the betting site’s “Responsible Gaming” section, you must visit this website – https://www.betfarm.com/responsible-gaming. Betfarm’s “Responsible Gaming” section comes with information with respect to implementing, and following safe gambling practices. There are several suggestions in place as well, to help you create a responsible gambling plan.

You must set aside a sum of money to spend on a periodic basis. Keep your mental and physical health in check, at all times. To implement Betfarm’s responsible gambling options, you must hover your mouse over your account option, present at the centre of the top of your screen, and click on the “Edit Profile” option.

Betfarm allows you to set “Limits” – Deposit and Betting Limits – on a Daily, Weekly, or Monthly scale. You can set a “Reality Check” as well. Setting a “Reality Check” will enable Betfarm to send you notifications, as and when you are on the platform, for a specified amount of time. The “Reality Check” time limit spans from 10 minutes to 8 hours – As per your choice of selection.

You can choose to “Self-Exclude” yourself from Betfarm’s platform as well, for a period of 1 week, to 3 years, or permanently. “Time-Out” allows you to take a shorter break, from 1 day, to 2 years at a stretch.

You can also install software like “Net Nanny”, if you know of a minor who is using Betfarm’s platform, or any betting platform for that matter. Betfarm ensures that your stored funds, and personal identification information, are safe from the hands of miscreants.

The betting site has no links to criminal activity, and separates all operational costs, from the winnings generated on the platform. Be rest assured that Betfarm has no control over you winning, or losing a placed bet. All the numbers that are generated on the betting site, are in due course of a random number generation procedure.

 

Service and Customer Support


  • You can contact a Betfarm customer support representative via Free Phone, Internal Message, Live Chat, and Email
  • While customer support service is advertised to be around the clock, you can only contact a customer support representative via Free Phone, from 08:00 – 18:00 GMT (Monday – Saturday)
  • Betfarm comes with an excellent “Responsible Gaming” section

betfarm service and support

At the time of writing, you can contact a Betfarm customer support representative via Free Phone, Internal Message, Live Chat, and Email. While customer support service is advertised to be around the clock, you can only contact a customer support representative via Free Phone, from 08:00 – 18:00 GMT (Monday – Saturday).

To access the betting site’s “Contact Us” section, you must visit this website – https://www.betfarm.com/contact-us. To call a customer support representative, you must dial – +234 814 990 6640. You can send Betfarm an Internal Message, by clicking on the green-coloured “Send Message” button.

If you would rather initiate a Live Chat (Which leads to a quicker resolution), click on the green-coloured “Chat Now” button. As soon as you click on this button, you will be redirected to a new tab. You must enter your full name, your mobile number, the department of query, and a query message, before you can proceed to initiating a Live Chat.

You can send in an email at support@betfarm.com, or make use of Betfarm’s in-site email sending template. The in-site email sending template requires you to enter your full name, your email address, your mobile number, the department of query (“Issue”), and a query message. You can attach screenshots as well – You should receive a reply within a day.

As soon as you have entered these details, click on the green-coloured “SUBMIT” button.

Design and Usability


  • Betfarm’s website comes with a simple design, set in a pleasant mix of yellow and black
  • While most major options of access are accessible via the betting site’s main navigation bar, and homepage at large, you must access the betting site’s “Responsible Gaming”, “About Us”, and “Contact Us” sections manually, which is tedious
  • Betfarm comes with dedicated “Results”, and statistics section, which is a bonus

Betfarm’s website comes with a simple design, set in a pleasant mix of yellow and black. While most major options of access are accessible via the betting site’s main navigation bar, and homepage at large, you must access the betting site’s “Responsible Gaming”, “About Us”, and “Contact Us” sections manually, which is tedious.

The betting site’s main navigation bar comes with options to access the betting site’s “LIVE”, “PREMATCH”, “CASINO”, “LIVE CASINO”, “POKER”, and “GAMES” sections, among other options. As has been mentioned already, to access Betfarm’s in-play section, click on the “LIVE” option, present at the top-left hand side of the betting site’s main navigation bar.

As soon as you click on this option, you will be redirected to the betting site’s in-play section. Click on an in-play match of your choice, to be redirected to its live betting arena. Betfarm is offering a number of popular and unique betting variants to punt on, a graphical representation of an ongoing match, a live scorecard with live updates, and in-play match statistics.

The betting site is offering a dedicated “Results” section, a statistics section, and a “Multi View” option as well. To access the betting site’s statistics section, click on the icon with three bars of varying heights (Tri-level podium), present at the left-hand side of the graphical representation, of an ongoing match.

Betfarm’s statistics section comes with head-to-head statistics, results of previous encounters, and form guides, among other statistical insights. The betting site’s “Results” section, comes with past match results. Both of these sections are of utmost importance, when it comes to chalking down an effective betting strategy.
The betting site’s “Multi View” section allows you to follow, and bet on up to three in-play matches at the same time. To access the betting site’s “Contact Us” section, you must visit this website – https://www.betfarm.com/contact-us. To call a customer support representative, you must dial – +234 814 990 6640. You can send Betfarm an Internal Message, by clicking on the green-coloured “Send Message” button.

If you would rather initiate a Live Chat (Which leads to a quicker resolution), click on the green-coloured “Chat Now” button. As soon as you click on this button, you will be redirected to a new tab. You must enter your full name, your mobile number, the department of query, and a query message, before you can proceed to initiating a Live Chat.

You can send in an email at support@betfarm.com, or make use of Betfarm’s in-site email sending template. The in-site email sending template requires you to enter your full name, your email address, your mobile number, the department of query (“Issue”), and a query message. You can attach screenshots as well – You should receive a reply within a day.

To implement Betfarm’s responsible gambling options, you must hover your mouse over your account option, present at the centre of the top of your screen, and click on the “Edit Profile” option.

Betfarm allows you to set “Limits” – Deposit and Betting Limits – on a Daily, Weekly, or Monthly scale. You can set a “Reality Check” as well. Setting a “Reality Check” will enable Betfarm to send you notifications, as and when you are on the platform, for a specified amount of time. The “Reality Check” time limit spans from 10 minutes to 8 hours – As per your choice of selection.

 

You can choose to “Self-Exclude” yourself from Betfarm’s platform as well, for a period of 1 week, to 3 years, or permanently. “Time-Out” allows you to take a shorter break, from 1 day, to 2 years at a stretch.

Mobile


  • Betfarm is offering a Sportsbook app, a Casino app, and a Poker app
  • All three of these apps are available for Android, and iOS users
  • Betfarm comes with a handy mobile-friendly website as well

At the time of writing, Betfarm is offering a Sportsbook app, a Casino app, and a Poker app. All three of these apps are available for Android, and iOS users. While iOS users can download all three of these apps from the App Store, Android users must download these apps via this website – https://apps.betfarm.com/. Betfarm comes with a handy mobile-friendly website as well.

Betfarm’s Sportsbook app allows you to punt on 40,000 live matches on a monthly basis, from the convenience of your mobile phone. The app allows Cash Out, Partial Cash Out, and Advanced Cash Out as well. You can bet on the go, and live stream select sports matches as well (Betfarm’s live streaming services aren’t the best).

Betfarm’s Casino app is offering 1,000 Classic and Modern Slots, of the highest quality, Live Tables, Casino tournaments, and Free Rolls, among other options. Betfarm’s Poker app is offering over 100 tournaments on a monthly basis, over 100 tables on a daily basis, and a Global Poker Network, among other options.
All in all, Betfarm’s apps are out of the top drawer. The betting site’s mobile-friendly version is perfect for punters who want to bet from the comfort of a mobile phone, without having to download any of Betfarm’s three apps.

Other products


  • At the time of writing, Betfarm is offering Casino, Live Casino, and Poker
  • Betfarm is offering a Casino-related promotional offer as well

At the time of writing, Betfarm is offering Casino, Live Casino, and Poker. To access either of these three sections, click on the “CASINO”, “LIVE CASINO”, and “POKER” options respectively, present at the right-hand side of the betting site’s main navigation bar.

Betfarm’s “CASINO” offering comes with several Casino Games to choose from, among which “WILD TURKEY”, and “THE GROOVY SIXTIES”, are among our favourites.

Betfarm’s “LIVE CASINO” offering, comes with options to play Roulette, Blackjack, Baccarat, and Monopoly, among other live table options.

The betting site’s “POKER” offering is among the best in Nigeria. The best site is offering a Casino-related promotional offer as well. If you lose a minimum of 5,000 NGN on Slots (Except Zeus Play Slots), between 07:00 – 07:00 GMT the next day, you will receive a 10% rebate on your lost amount.

You will receive a 5% rebate on a weekly basis, on the amount that you have lost while playing Live Casino (Except Baccarat and Dragon Tiger). You will receive this amount at 11:00 GMT, every Monday.

Summary


Betfarm is one of the best betting platforms on offer, in Nigeria. Having gone through each of Betfarm’s features, we have come to the conclusion that Betfarm may just be the perfect option for you. Yes, the betting does come with a fair share of flaws, but Betfarm serves its purpose with pomp – The betting site is offering an excellent live betting arena, with a number of markets on offer.

Let’s start things off, by listing out the betting site’s flaws. The betting site’s minimum withdrawal amount is quite high to be frank – 5,000 NGN. Betfarm is offering just the one sport-related promotional offer at the time of writing. The betting site is not offering a VIP program, or a Loyalty Reward System as well.

Betfarm is not offering Bet Builder. While the betting site is offering a live streaming service, it is not out of the top drawer, and live streaming often lags. While Betfarm has advertised 24/7 customer support service, it does not offer the same.

With that, let’s get to the betting site’s advantages. Betfarm is secure, and licensed. The betting site comes with an excellent live betting arena, complete with a “Results” section, and a number of statistics on offer.

The betting site is offering a complete set of welcome offer bonuses (Two) – Perfect to appease the stingiest of punters. Betfarm is offering a number of safe gambling options as well. The betting site is offering separate apps for its Sportsbook, Casino, and Poker offerings, each of which comes with excellent features.

While Betfarm does come with obvious flaws, if you are looking for a betting site with a number of sports-related markets to punt on, and an enticing live betting offer, look no further than Betfarm.

Nishant Bhattacharya is a football lover, and a staunch Liverpool supporter. He has been working as a writer for over 11 years and loves to write on sports and technology.

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