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LionsBet Nigeria Sports Betting Review 2020

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LionsBet
100% up to ₦100,000
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7.8
100% up to ₦100,000
T&C APPLY, 18+ ONLY
T&C APPLY, 18+ ONLY

POSITIVE
  • Simple Registration Process
  • Most Popular For Its Array Of Football Markets
  • Full Gambling License From The Lagos State Lotteries Board
NEGATIVE
  • Only One Withdrawal Option
  • No VIP Program (Several Loyalty Schemes Are Available)
  • No Live Streaming
  • Simple Registration Process
  • Most Popular For Its Array Of Football Markets
  • Full Gambling License From The Lagos State Lotteries Board
  • Only One Withdrawal Option
  • No VIP Program (Several Loyalty Schemes Are Available)
  • No Live Streaming

Introduction

LionsBet is one of the most popular bookmaker’s in Nigeria, and Zambia. Having been founded in 2016, LionsBet is among the newest entries in the world of betting. LionsBet is headquartered at Victoria Island, Lagos, and holds a full gambling license from the Lagos State Lotteries Board, and is regulated by the same. The bookmaker is most popular for the number of football markets it provides for.

That being said, the purpose of this review is not to gauge whether LionsBet is a good platform or not, as this is an already established fact. The purpose of this review on the other hand, is to determine whether the bookmaker ticks all the right boxes, when it comes to you choosing a bookmaker. Is LionsBet the perfect bookmaker for you? Read on to find out, and learn much more, in due course of our detailed LionsBet Bookmaker Review.

Registration process


  • Simple registration process
  • You can login to your account as soon as you have registered
  • You will receive “Low Balance”, and “100% Welcome Bonus” messages, on your message section
  • KYC might be requested, when withdrawing funds from LionsBet

LionsBet select country

As soon as you open the bookmaker’s website, you will be redirected to a page which looks like the above mentioned image. You must select your country of residence, and select the device which you are using. As soon as you select an option for both categories, you will be redirected to the bookmaker’s website, automatically.

You can register at LionsBet as soon as you are on the bookmaker’s website. You must click on the “Register” button, present at the top right of your screen. As soon as you click on this button, you will redirected to a page, which looks like the below mentioned image.

LionsBet signing up

When the bookmaker’s registration page opens, you must enter all relevant details. You must choose a unique Username and Password for yourself. You must also enter your E-mail, First Name, Middle Name (If Any), Last Name, Date of Birth, State, and Mobile Number. Your mobile number must be ten digits long, and you do not need to enter a Promo Code. We will get into the details of LionsBet’s welcome offer, in another section of this review.

LionsBet sign up process

Tick the “acceptRules” box, and the “registerAll” option, to ensure that your personal detail are registered on the bookmaker. That being said, LionsBet is a secure platform, and you need not worry about miscreants leaking your personal information, or misusing it. As soon as you have entered all necessary details correctly, click on the “SIGN UP” button, present at the bottom of the registration page. As soon as you click on this button, the below mentioned pop-up box will appear on your screen.

LionsBet succesfully registered

At this stage, you can login to your LionsBet account. You will receive two messages on your message section, which is present to the left of the “Deposit” option, at the top right of your screen. One message pertains to you having a low balance, while the other pertains to your 100% welcome offer. At this stage, you can choose to either deposit funds into your account, or first gauge the various markets at offer, at LionsBet.

It must be noted that KYC might be requested, when you are withdrawing funds from LionsBet. If you are withdrawing an amount equal to, or above 250,000 NGN during your first withdrawal, KYC will be requested. If you are withdrawing 500,000 NGN during your first withdrawal, you will be physically verified by LionsBet.

That being said, you have nothing to worry about, if the details entered by you during the registration process, are authentic, and match your personal identification information.

Deposits and Withdrawals options


  • Several deposit options on offer at LionsBet
  • Minimum deposit fee starts from 50 NGN
  • Maximum deposit amount at LionsBet stands at 1,000,000 NGN
  • No deposit and withdrawal fees are charged whatsoever
  • Limited withdrawal options

LionsBet deposit options

Once you have registered on LionsBet, it must be noted that you will not be automatically redirected to the bookmaker’s Deposits and Withdrawals section. You must click on the “Deposits” option, present at the top right of your screen. Once you click on this option, you will be redirected to a page, which looks like the above mentioned image.

There are several available deposit methods on LionsBet, including Paystack, Webpay, Quickteller, Paydirect, and ATM Deposit. It must be noted that the use of Credit Cards will be banned altogether, from the 14th of April, 2020. No deposit fees are charged, when you deposit funds into your LionsBet account, and funds reflect in your account almost instantly.

The minimum deposit amount using Paystack, Quickteller, and Webpay is 50 NGN, while the maximum deposit amount is 1,000,000 NGN. There are over 20 banks you can transfer funds from, when you use Paydirect. These include:

  • Access Bank Plc
  • Citibank Nigeria Limited
  • Diamond Bank Plc
  • Ecobank Nigeria Plc
  • Enterprise Bank
  • Fidelity Bank Plc
  • First Bank of Nigeria Plc
  • First City Monument Bank Plc
  • First Inland Bank Plc
  • Guaranty Trust Bank Plc
  • Heritage Banking Company Ltd
  • Key Stone Bank
  • MainStreet Bank
  • Skye Bank Plc
  • Stanbic IBTC Bank Ltd
  • Standard Chartered Bank Nigeria Ltd
  • Sterling Bank Plc
  • Union Bank of Nigeria Plc
  • United Bank For Africa Plc
  • Unity Bank Plc
  • Wema Bank Plc
  • Zenith Bank Plc

 

When it comes to an ATM deposit, you must visit an ATM near you, and follow these steps:

  • Step 1: You must insert Your ATM card, and enter your pin.
  • Step 2: A number of options will appear on your screen. You must select the “Quickteller”, or “Pay Bills” option.
  • Step 3: You must then click on the “Others” option
  • Step 4: According to the amount you want to deposit, enter any one of the following merchant codes:
  • 04260202 - ₦ 500
  • 04260203 - ₦ 1,000
  • 04260204 - ₦ 2,000
  • 04260205 - ₦ 3,000
  • 04260206 - ₦ 4,000
  • 04260207 - ₦ 5,000
  • 04260201 – Higher Amounts

 

When it comes to withdrawals, no withdrawal fees are charged. That being said, there is only one available withdrawal option – via Bank Transfer. It takes 1-7 Working Days for a withdrawal to be processed. The minimum withdrawal amount is 1,000 NGN, while the maximum withdrawal amount is 500,000 NGN.

If you are withdrawing an amount equal to, or above 250,000 NGN during your first withdrawal, KYC will be requested. If you are withdrawing 500,000 NGN during your first withdrawal, you will be physically verified by LionsBet.

Check our extensive guide to payment options in Nigeria here. 

Welcome Bonus


  • At the time of writing, a 100% welcome offer bonus is available on the first deposit, up to 100,000 NGN
  • You do not have to enter any welcome offer promo code, during the registration process
  • Certain terms and conditions apply for the same

LionsBet welcome offer

At the time of writing, LionsBet is offering an excellent welcome offer, of 100%, on the first deposit that you make, up to 100,000 NGN. You do not have to enter any welcome offer promo code curing the registration process, but you have to abide by LionsBet’s terms and conditions, to successfully use the welcome bonus, and ensure that your bonus account is merged with your main account.

LionsBet promo offers

As soon as you make your first deposit, your account will be credited with a welcome bonus, equivalent to 100% of your deposit amount, up to 100,000 NGN. This means that if you deposit 101,000 NGN, your main account will have 101,000 NGN, while your bonus account will have 100,000 NGN.

To make use of the bonus amount, you must wager the bonus amount on 5 or more selections on a bet slip, each selection having individual odds of 1.5 or more. You must rollover the bonus amount, seven fold, in order to ensure that your bonus account is merged with your main account. That being said, once the bonus amount has been credited in your bonus account, you must fulfil the above mentioned terms and conditions, within 30 days.

Sportsbook promotions


  • Several exhillirating promotional offers are at offer, at LionsBet
  • At the time of writing, you can enter into a draw, and win up to 1,000,000 on a weekly basis
  • A 50% bonus is available on the second deposit, up to 100,000 NGN
  • A 25% bonus is available on the third deposit, up to 100,000 NGN

LionsBet weekly offer

At the time of writing, there are several exhillirating promotional offers at offer, at LionsBet. You can enter into a lucky draw, and win up to 1,000,000 on a weekly basis! All you have to do, is submit at least 10 bet slips, with a minimum stake of 500 NGN each.

Bet slips with single bets, must have individual odds of over 1.8, while bet slips with multiple bets, and must have individual odds of over 1.3. For every 10 bet slips that you submit, you receive one entry to the draw. The more bet slips you submit, the higher are your chances of winning the draw, come the end of a week, as the punter with the highest total accumulated stakes wins.

LionsBet accu bonus

At the time of writing, if you win an accumulator bet with three or more selections, with each individual selection having odds of over 1.2, your winnings will be boosted. The boosted amount has not been specified by LionsBet. The more the number of selections on your winning accumulator bet, the higher will be your boost.

Check our extensive guide to Accumulator Betting and Promotions here. 

LionsBet 2nd and 3rd deposit bonus

At the time of writing, a 50% bonus is available on the second deposit, up to 100,000 NGN, while a 25% bonus is available on the third deposit, up to 100,000 NGN. To make use of the bonus amount, you must wager the bonus amount on 5 or more selections on a bet slip, each selection having individual odds of 1.5 or more. You must rollover the bonus amount, seven fold, in order to ensure that your bonus account is merged with your main account.

That being said, once the bonus amount has been credited in your bonus account, you must fulfil the above mentioned terms and conditions, within 30 days.

 

VIP Program

At the time of writing, LionsBet does not offer a VIP program per say, but it does offer its customers with several interesting loyalty rewards. FreeBets is a service which rewards customers with a free bet of 500 NGN, for staking 20,000 NGN, for having reached a set limit of stake amount. Free bets must be used within 1 week, and must be staked on selections having minimum odds of 1.3. You can earn a maximum of 50 free bets in a week.

Frequent Player Points is a service which allows you to redeem accumulated virtual points, in due course of placing bets. These virtual points can be exchanged for NGN, and will be sent to your main account. To check your Frequent Player Points meter, you must drag your cursor to the “Balance” meter, and check your “FPP” meter.

Deposit Achievements is another loyalty scheme which sees LionsBet offer its customers a loyalty reward, for attaining a set deposit amount. Once you deposit 100,000 NGN into your account as a whole, you will receive an award of 1% of your deposit.

Pre-match offer


  • LionsBet offers a large number of football markets to punt on
  • LionsBet offers odds on 20+ sports, at the time of writing
  • The bookmaker offers competitive odds, and active markets

LionsBet pre-match offer including odds

At the time of writing, there are 20+ sports on offer, at LionsBet. While Football is the most popular sport on the bookmaker, LionsBet offers enticing odds on several other sports, including the likes of Basketball, and Tennis, among others. The bookmaker offers odds on several unique markets as well, including Futsal, Darts, and Snooker, among others. To put it into perspective, LionsBet offer markets to suffice the tastes of almost every punter.

The minimum stake amount, when it comes to LionsBet’s Sportsbook, is 50 NGN, while the maximum stake is 1,000,000 NGN. You must always gauge the terms and conditions associated with a bet, look at the odds offered at several different bookmakers, and place a bet on a bookmaker, in due accordance to the best odds on offer.

Some bookmakers will offer you better odds for a bet that you want to place, so it makes sense to place a bet on those bookmakers, rather than punting on a bookmaker, that will offer you lower odds for the same bet. In essence, bookmakers earn off bookmaker’s margin, and you must be able to determine this number, in order to figure out whether it is worth punting on a bookmaker.

The margin above a 100% market refers to bookmaker’s margin, and it is the margin of the profit which a bookmaker holds over you. A margin which exceeds the 110% threshold, is not worth punting on, as you are more likely to lose the placed bet, than not. To determine bookmaker’s margin, you must calculate the Odds Overround for a bet. This is an easy process, which involves you converting fractional odds, into the decimal form, for each outcome of a bet.

You must then divide each individual outcome by 100, and add the outcomes together. The resultant number is the Odds Overround for that bet. To determine the competiveness of the odds at offer, at LionsBet, we determined the Odds Overround for a match in the English Premier League. The Odds Overround were found to be 103.09, which indicates that the market is active, and that the odds at offer, at LionsBet, are of a competitive nature indeed.

See the list of most popular betting terms and markets here. 

 

Esports

Esports are extremely popular among the young generation, and is of no surprise that LionsBet offers several Esports markets. To access LionsBet’s Esports sections, click on the respective Esports that you would like to punt on, via the markets column, present on the left hand side of your screen.

At the time of writing, LionsBet offers odds on Call of Duty, Overwatch, Rainbow 6, and FIFA (Unspecified Version). There are several tournaments which take place in due course of the year, so perform your due diligence, and punt on a team which is most likely to win.

That being said, LionsBet offers different minimum and maximum betting limits, when it comes to placing a bet on an Esports market. These limits depend on the odds that you are backing, and the selection/selections that you have made.

Read our guide to Esports Betting here.

 

Other Specials

LionsBet offers several enticing Specials markets, including the likes of Entertainment, and Politics. To access LionsBet’s Specials section, click on the “Specials” option, which is present along with all Sports, and Esports markets, on the left hand side of your screen. When it comes to Politics, LionsBet is offering odds on the US Presidential Election – Next President, and US Presidential Election – Winning Party, at the time of writing.

When it comes to Entertainment, LionsBet is offering odds on several markets, for the Oscars 2020, at the time of writing. That being said, LionsBet offers different minimum and maximum betting limits, when it comes to placing a bet on an Esports market. These limits depend on the odds that you are backing, and the selection/selections that you have made.

 

Cash Out and Bet Builder

At the time of writing, while LionsBet does come with an option to Cash Out, it is currently under maintenance, and we are not sure when it will go live. Nevertheless, Cash Out allows you to receive partial winnings on a bet, if you feel that you may go on to lose a placed bet.

That being said, the amount of money returned to you, depends on the odds being offered at the time of cashing out, and the time at which you decide to Cash Out – You may go on to receive more, or less than the amount you initially staked.

Unlike many popular bookmakers, LionsBet does not offer its customers Bet Builder. We hope that LionsBet works on this, and offers Bet Builder in due course of time.

Check our extensive guide to Cash Out betting here.

Click here for an article about Bet Builder.

Live offer


  • In-play option is available
  • An array of in-play markets at offer
  • Live streaming is not available
  • You can access the schedule of in-play matches, and plan your betting schedule accordingly
  • You can watch virtual football, virtual greyhound racing, virtual table tennis, and virtual horse racing, among other options in high-quality

LionsBet in-play betting

You can access LionsBet’s live platform, by clicking on the “LIVE” option, present on the bookmaker website’s main navigation bar. Once you click on this option, you will be redirected to a screen, which looks like the above mentioned image. You can see the various in-play markets on the left side of your screen.

If you click on any match, its various outcomes, and the odds associated with the same will appear at the centre of your screen. You can choose to follow, and punt on four matches at the same time, by accessing LionsBet’s “Multi View” option, present to the right of its “In play” option. You can drag up to four matches to the centre of your screen, and follow them at the same time.

If you click on the “Calendar” option, present above the “In play” and “Multi View” options, you can look at upcoming matches, and plan your betting schedule accordingly. Unfortunately, LionsBet does not offer live streaming of sports, at the time of writing. We hope that they work on this, in due course of time. That being said, you can watch virtual football, virtual greyhound racing, virtual table tennis, and virtual horse racing, among other options, in high-quality.

Read our extensive guide to Live Betting here. 

We have also a list of best betting sites with Live Streaming here. 

Security


  • LionsBet is headquartered at Victoria Island, Lagos
  • Holds a full gambling license from the Lagos State Lotteries Board, and is regulated by them
  • No responsible gambling section

LionsBet holds a full gambling license from the Lagos State Lotteries Board, and is regulated by them. LionsBet is headquartered at Victoria Island, Lagos, and is available to customers of Zambia as well.

While LionsBet is a relatively new bookmaker, it ticks all the right boxes when it comes to ensuring that your personal information is not misused, and that hackers cannot leach on to your stored funds. While LionsBet claims to offer options to self-exclude from the platform, we did not find any option for the same. That being said, LionsBet does not come with a responsible gambling section.

You must ensure that you do not over indulge yourself, and that you practise safe betting. It is of paramount importance that you look after your well-being, both physically, and mentally. You should plan out your betting endeavours, and only bet sums that you can afford losing (Hopefully you win!).

LionsBet is not linked to criminal activity, and can pay back all your stored funds, and winnings, if they every go bankrupt. They separate all winnings, from the cost it take to operate their platform. Be rest assured that all results generated, in due course of you playing its virtual games, are not rigged. LionsBet has no control over you winning, or losing a game.

To wrap it up, LionsBet is a safe, and reliable platform.

Service and Customer Support


  • You can contact customer support via Social Media, E-mail, and Free Phone Call
  • LionsBet offers 24/7 customer support
  • Responsive customer support representatives

LionsBet customer support

When it comes to customer support, LionsBet offers 24/7 service. You can choose to contact customer support via Free Phone, E-mail, and Social Media. If you choose to a call a customer support representative, Nigerian residents can call the following numbers:

  • +234 809 4444 035
  • +234 809 4444 036

Zambian residents can call LionsBet customer support on the following numbers:

  • +260 967005550
  • +260 967005552

LionsBet support form

If you would rather contact a customer support representative via E-mail, to evoke a formal response, you can choose to contact LionsBet, as a Nigerian resident, by sending in an e-mail to:

support@lionsbet.com

Zambian residents can contact customer support via e-mail, by sending in an email to:

supportzambia@lionsbet.com

 

LionsBet does not come with a responsible gambling section, and you must do your bit to ensure that you maintain your sanity of mind, and do not over exert yourself physically. LionsBet does not offer the service of Live Chat. However, you can contact customer support service via Facebook, and Twitter, by visiting the links stated in the above mentioned images.

If you are sending an e-mail to LionsBet, you should receive a response within 24 hours. The other two options should see you receiving a response, almost immediately.

Design and Usability


  • Pleasant, simple design
  • Ease of navigation, with all options of access, present on the bookmaker website’s main page
  • Promotional offers are displayed on a sliding screen display, on the bookmaker website’s main page

LionsBet comes with a pleasant design, exempt of any lavishness. The bookmaker’s website is crafted in a mix of green and white, with all options of access, readily available on the main page of the website. The bookmaker website’s main navigation bar consists of options to take you to its Sportsbook, Live section, Virtual Sports arena, and Promotions centre.

To access the “LIVE” section, you must click on the option, which is present on the bookmaker website’s main navigation bar. You will be redirected to LionsBet’s various in-play markets. You can choose to bet on up to four markets at the same time, by clicking on the “Multi View” section, and dragging in-play matches of your preference, to the centre of your screen.

If you look at the centre of the bookmaker website’s main page, you will see the most popular markets on LionsBet, in-play matches, and a sliding screen display, which will show you the most popular promotional offers, on offer at LionsBet. If you look towards the left of your screen, you will see the various Sports, Esports, and Specials markets, on offer, at LionsBet. Towards the right of your screen is your current bet slip.

If you scroll down to the bottom of the website, you will see the license LionsBet holds, and options to access its “Terms and Conditions”, “Privacy Policy”, and “Contact Us” sections, among other options.

Unfortunately, LionsBet does not come with a dedicated statistics section, which would have been of great help, when it comes to formulating a betting strategy, and analysing match results, and fixture history, among other statistical insights.

Mobile


  • LionsBet does not offer a Sportsbook app
  • Mobile-friendly website is available
  • The Mobile-friendly website provides ease of access

LionsBet select device mobile app

As soon as you open LionsBet’s website on your mobile phone, you will come across an option to choose your country of residence, and the type of device that you are using. If you choose the “Smartphone Tablet” option, you will be redirected to LionsBet’s mobile-friendly version of the bookmaker’s website.

LionsBet live betting

As can be seen from the above mentioned image, the main navigation bar of the mobile-friendly version of the bookmaker’s website, comes with a main navigation bar which allows you to access its “Live” section, “Hot” markets, “Top markets”, and “Daily” matches. The “Sports”, “Promos”, “Contact Us”, and “Account” sections can be visited from the navigation bar at the bottom of your screen.

The mobile-friendly version of the bookmaker’s website is simple, and allows you to bet on the go. While there is nothing overly special about it, it does enough to keep your interest, and offers options on the latest, and most popular betting markets. If you want to access a version of the bookmaker on your mobile phone, which is less graphic intensive, click on the “Light Phone” option, when you first open the bookmaker’s website.

You can also choose to access the “Desktop” version of the bookmaker on your mobile phone, although this is not recommended, as it is more likely than not, to lead to a cluttered view.

Other products


  • Unfortunately, LionsBet only offers Virtual Sports

Unlike most popular bookmakers, LionsBet does not offer products like Casino Games, and Bingo, among other options. However, you can access the bookmaker’s games section, by clicking on the “Games” option, present on the bookmaker website’s main navigation bar.

Read our article about how to win in the casino here. 

There are several exciting games to choose from, among which Virtual Champions, and Virtual Rugby are among our favourites.

If you click on the “Virtual Sports” option, on the bookmaker website’s main navigation bar, you can watch virtual matches in the fields of Table Tennis, Horse Racing, Greyhound Racing, and Football, among other options.

Summary


LionsBet is a wonderful option for residents of Nigeria of Zambia. The bookmaker offers an array of exciting features, and is among the best in the business. That being said, the purpose of this review is not to gauge whether LionsBet is a good bookmaker – This is an established fact. Rather, the purpose of this review is to determine whether LionsBet is an ideal bookmaker for you, and whether it ticks all the right boxes, when it comes to you choosing a bookmaker of your choice.

Having extensively reviewed the various facets of the bookmaker, we have come to the conclusion that LionsBet may just do enough, to establish itself as a good choice for you. While LionsBet has its fair share of cons, it provides for several wonderful options and features, which are hard to look past. Let’s first explore the cons of LionsBet.

LionsBet has a limited number of deposit options, and only one withdrawal option – Via Bank Transfer. LionsBet does not offer a VIP program, although it does come with several impressive loyalty services. The bookmaker does not offer Bet Builder at the time of writing, and while it does offer a Cash Out option, the feature is currently under maintenance.

LionsBet is safe and secure, but it does not come with a responsible gambling section, nor does it offer Live Chat as a customer support option. Live streaming too, is not available at LionsBet. The bookmaker offers limited other products, of which some (virtual) games are the only options, at the time of writing. LionsBet does not offer a mobile app for its Sportsbook as well, nor does it have a dedicated statistics section.

That being said, LionsBet comes with several wonderful promotional offers, including excellent offers for the first, second, and third deposit you make, at the time of writing. The registration option is fairly simple, and the bookmaker offers an excellent welcome offer. LionsBet comes with competitive odds, and over 20 sports to punt on, as well as several specials, and Esports.

LionsBet offers 24/7 customer support, and is safe and secure. To top it all off, LionsBet is well designed, and offers ease of operation. That being said, there are several better options on the market, and we are sure that LionsBet will offer its customers more, in due course of time.

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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