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NairaBet Sports Betting Review 2020

US

currently no bonus
GO TO
5.9
currently no bonus
T&C APPLY, 18+ ONLY
T&C APPLY, 18+ ONLY

POSITIVE
  • Simple Registration Process
  • A Wonderful Selection of Betting Markets
  • Competitive Odds
NEGATIVE
  • No VIP or Loyalty Program
  • No Welcome Bonus
  • No Live Streaming
  • Simple Registration Process
  • A Wonderful Selection of Betting Markets
  • Competitive Odds
  • No VIP or Loyalty Program
  • No Welcome Bonus
  • No Live Streaming

NairaBet is one of the most prominent bookmakers in Nigeria, and was founded back in 2009. The bookmaker offers excellent betting markets, in Football, Tennis, Basketball, and Cricket among other sports. NairaBet is regulated by the National Lottery Regulatory Commission.

That being said, NairaBet is only available for Nigerians, and the Naira is the only accepted currency. While there is no doubting the fact that NairaBet is an excellent choice, the question is with respect to the bookmaker being an ideal choice for you. Is NairaBet the best Nigerian bookmaker out there? Should you register on NairaBet? Read on to find out, and learn much more.

Registration Process


  • Simple registration process
  • You must enter relevant personal identification details
  • You are redirected to a page where you can deposit funds, although it is not compulsory to deposit funds immediately

NairaBet Registration form

The registration process on NairaBet is fairly simple to say the least. You must click on the “Register” option, present at the top right of the website, and enter all details present on the “Open Account” form. You must choose a Username, Password, enter your E-mail address, and Mobile Number.

Your Mobile Number must be an 11 digit number. NairaBet is only available for Nigerian citizens, and the Naira is the only accepted currency. While there is a promotion code option displayed on the registration form, NairaBet does not provide for a welcome bonus at the time of writing. If this is a necessity for you, when it comes to choosing a bookmaker, you should look elsewhere.

That being said, NairaBet offers several wonderful features, and we hope that they include the provision for a welcome bonus sooner, rather than later. Once you have entered all necessary details, you must tick all three boxes present just above the “Create Account” button. The boxes confirm that you are over 18 years of age, and that you accept both the bookmaker’s Terms and Conditions, and Privacy Policy.

You must then click on the “Create Account” button, after which you will be redirected to a deposits page, as shown below.

NairaBet deposit page after registration completion

It must be noted that it is not necessary to deposit funds into your account at this stage. You can gauge through the many betting markets available at NairaBet, before depositing funds into your NairaBet account. NairaBet will send you an email as soon as you have opened an account with them, and a customer representative will call you within 24 hours, to help you get started with the available options at NairaBet.

Deposits and Withdrawals options


  • Secure process
  • There is an option to deposit funds via an ATM machine as well
  • Funds are instantly transferred through most payment options

NairaBet Deposit and Withdrawal Payment Options

There are several deposit methods at offer on NairaBet. Once you have registered with the bookmaker, you will be directed to a deposits page, as mentioned before.

At this stage, you may choose to deposit funds via a Debit or Credit Card. You must enter an amount that you want to deposit, after which you must click on the “Fund Your Account” button. If you want to fund your account via another payment option, click on the link just below the “Fund Your Account” button.

You will be redirected to a page, as depicted in the first image of this section. You can deposit funds via Direct Bank Transfer, at a NairaBet Shop, via an ATM Machine, WebPay, PayStack, and a Debit or Credit Card, among other options.

You can set a deposit limit if you wish too, by clicking on the “Responsible Betting” option at the bottom left of the page. The minimum deposit amount is ₦50. The minimum withdrawal amount is ₦1,000, while the maximum withdrawal amount is ₦500,000. Deposit and withdrawal fees vary among payment options. While most deposit and withdrawal options are processed instantly, it takes a maximum of 1 day for withdrawals via Direct Bank Transfer.

To transfer funds to your account via a NairaBet store, all you have to do is give the shop representative your customer identification number, and the exact amount that you want to transfer to your NairaBet account. Do not give your password to anyone, under any circumstances.

Of the many deposit options available to you, depositing via an ATM is unique, and quite convenient. If you choose to distrust online transactions, depositing funds via an ATM may just be your best bet. All you have to do is visit any nearby ATM, and take note of your Customer Identification Number.

Insert your ATM Card, enter your PIN, and click on the “QUICKTELLER” option. A list of merchants will appear on your screen, and you must click on the “OTHERS” option. You must then enter a merchant code, as per the amount you want to deposit into your account. The codes are as follows –

  • ₦1,000 – 04276801
  • ₦2,000 – 04276802
  • ₦3,000 – 04276803
  • ₦4,000 – 04276804
  • ₦5,000 – 04276805
  • ₦5,000+ - 04276806

Once you have entered the code, you must enter the amount you want to deposit, and your customer identification number. Once you have successfully done this, funds will be deposited into your account immediately. You must update your personal details before you can withdraw funds from your NairaBet account.

Welcome Bonus


  • At the time of writing, NairaBet does not offer a welcome bonus.

Unlike several popular bookmakers, NairaBet is among the few betting enabling platforms that does not provide for a welcome bonus. This is quite disappointing, considering the many impressive features that it does offer to its customers.

If a welcome bonus is a cornerstone around which you expect a bookmaker to initiate their relationship with you, then you should look elsewhere. That being said, we hope NairaBet incorporates the provision of providing for a welcome bonus as soon as possible.

Sportsbook Promotions


  • There are several interesting promotional offers at NairaBet
  • At the time of writing, you can win a prize of ₦1,000,000 even if you lose a bet
  • You will win a summation of money on a placed accumulator bet, even if you lose only 1 of the many placed selections

NairaBet Sportsbook Promotions - N1Million Near Win Challenge

At the time of writing, there are several promotional offers for bettors on NairaBet. You can win a cash prize of up to ₦1,000,000 even if you lose a bet, if you post a picture of your Betslip on social media, with the hashtag #NairabetNearWin. You must also state why you deserve to win as well. 1 lucky winner will be chosen at the end of the month, and they will win ₦1,000,000.

The winner will be determined on the basis of the manner of their lost bet, the placed wager, and the reason they have stated with respect to why they deserve to win.

Another fascinating promotional offer is with respect to an accumulator bet. If you have placed an accumulator bet on 10 or more selections, and have lost the bet because of just 1 selection, NairaBet will pay you a compensation fee for the same. Each selection must have odds of a minimum of 1.2.

That being said, if you were to win ₦250,000 on a placed accumulator bet for example, you will receive a compensation of ₦16,565.66, if you have abided by all the terms and conditions of the promotional offer.

Another fascinating promotional offer, which is a first in Africa, is the provision to edit an Accumulator Betslip, once you have made over 5 selections. There are some terms and conditions with respect to the same, of which one is that you cannot reduce the number of selections to less than 5.

VIP Program

At the time of writing, NairaBet does not offer any VIP Program, or Loyalty Program per say. We expect NairaBet to work on this, and offer a VIP Program, or a Loyalty Program for customers who have been with the betting platform for a long duration of time, or those who are willing to pay for special privileges.

They do not offer VIP Levels or Loyalty Points for their other products as well, including Casino.

Pre-Match Offer


  • A plethora of pre-match offers on display
  • Competitive odds are at offer
  • NairaBet offers markets on 17 sports, and thousands of betting markets at the time of writing.

NairaBet Pre-Match Offer overview

At the time of writing, NairaBet offers markets in 17 sports, which comprise of thousands of betting markets. These sports include the likes of Football, Tennis, Basketball, and Cricket among other sports. The bookmaker also offers odds on several unique markets, including the likes of Snooker, Handball, and Bowling.

NairaBet does not have a fixed minimum or maximum stake limit, as these numbers vary as per your selection, and the odds that you are betting on. That being said, you must always gauge through the terms and conditions of a particular selection, before wagering a bet.

Performing your due diligence is of the essence, as the bet you want to place may be offered on a different bookmaker site, with better odds. Bookmakers earn off a margin, called bookmaker’s margin. This margin exists above a 100% market, and is the margin upon which a bookmaker commands a range of profit.

While an ideal market lays at 100%, anything less than 110% is worth punting on. That being said, you must practise safe betting, and not indulge yourself in betting practises that harm your mental, and physical state of being. Your money is hard earned, and you must not waste it away.

To determine the odds on offer at a bookmaker website, you must calculate the Odds Overround. This is a simple process, which requires you to first convert fractional odds into the decimal form, and divide each individual selection of a betting variant by 100. You must then add all these individual selections, and determine the margin above 100, at which it exists.

We determined the Odds Overround for 2 football matches in the English Premier League, to determine the competitiveness of the odds at offer at NairaBet. The more active a market is, the closer will be the Odds Overround to 100%. The Odds Overround were found to be at 102.06, and 102.33 respectively.

This indicates that the odds at offer at NairaBet are extremely competitive, and worth punting on. In fact, these odds are among the best we have analysed, across several bookmaker platforms. The Nigerian market is football driven, and NairaBet is just the platform to offer wonderful odds on football matches.

Esports

Esports are of the essence, when it comes to young gamers, and punters alike. While several of the best bookmakers offer a wide array of selections, when it comes to the Esports market, NairaBet is not among one of those. We expect NairaBet to offer odds on Esports, sooner, rather than later.

Other Specials

As is the case with the best bookmakers out there, they offer a wide selection of specials to bet on. Unfortunately, NairaBet does not fall in this category, and does not offer odds on specials. We expect NairaBet to work on this in due course of time, and offer a market of specials to bet on soon.

Cash Out and Bet Builder

Much like most popular bookmakers, NairaBet offers a cash out option for bettors. You can retrieve a portion of your winnings, before the bet that you have placed is over. The obtained winnings may be more, or less than the initially wagered stake amount, and depends on the time at which you decide to cash out, and the current probability of your winning.

That being said, NairaBet also allows you to cash out on accumulator bets, if you have placed an accumulator bet on pre-match selections, and you feel that one team may spoil your chances of winning the bet.

NairaBet also offers a bet builder option, in the form of their very own MegaCombo Bet. All you have to do is choose the name of a team that you want to punt on, and NairaBet’s tool will return several different betting options you can combine into a MegaCombo Bet. To use a MegaCombo Bet, you must place a minimum of 2 selections.

Live Offer


  • In-play option is available
  • You can track live updates
  • Live streaming is not available

NairaBet In-Play Live betting offer

To make use of NairaBet’s in-play option, you must navigate to the “Live” option, present on the navigation bar, at the top of the bookmaker’s website. To enjoy non-stop action, click on any of the sporting markets at offer in the “in-play” section. You will be directed to a screen which will help you track live updates of the ensuing match.

You can choose to bet on the many in-play markets at offer, and witness ever-changing odds, in due course of a match. Unfortunately, NairaBet does not provide for a live streaming option, and this is something they must work on in the near future.

Security


  • Regulated by the National Lottery Regulatory Commission
  • Member, Association of Nigerian Bookmakers
  • Legal in Nigeria

NairaBet Security and Regulation

NairaBet is regulated by the National Lottery Regulatory Commission, and is a Member of the Association of Nigerian Bookmakers. NairaBet is only available for Nigerian bettors, and the only accepted currency is the Naira. NairaBet is a secure bookmaker, which has no links to any criminal activity.

It is considered among the best bookmakers for football betting, and ensures that your personal information, bank details, and stored funds are kept safely – Away from damage that can be caused by hackers. Like many popular bookmakers, NairaBet provides for a Responsible Betting section.

You can choose to set a deposit limit through this section, or choose to impose a self-imposed exile from the betting platform, to maintain your sanity of mind, physical and mental being, and/or to avoid over-indulging yourself on the platform.

NairaBet also offers several channels to connect with customer support representatives, in case you have an issue which needs addressing. That being said, NairaBet separates all its operational costs, from the winnings generated on the bookmaker platform. This ensures that they can pay you back, in case they ever go out of service.

NairaBet has no control over the generation of numbers, for the virtual games they offer, and their other products. All number are generated randomly, and the platform has no control of your possibilities of winning, or losing a game, or a placed bet. All in all, NairaBet is a safe platform, which ensures your security, and sanity of mind.

Service and Customer Support


  • Customer support across several channels
  • Facebook, Twitter, Instagram, Call, Email, options available
  • No live chat option

NairaBet offers its customers several methods to contact customer support representatives, in the case of a customer having a query which needs addressing. Like many modern bookmakers, NairaBet offers its customers the option to contact them via Facebook, Twitter, and Instagram. While they may not respond immediately, they respond fairly quickly, as their customer support service is 24/7.

If you want to call a customer support representative, you can call NairaBet on 0700 6247 2238 / 0700. These two numbers are advertised on the bookmaker platform, if you scroll down to the bottom of the page. No matter what the issue may be, a NairaBet customer support representative will help you out.

If you want a formal reply to your query, or prefer to send an e-mail, rather than contact with someone via social media, or call, you can contact NairaBet via e-mail as well. All you have to do is drop an e-mail to support@nairabet.com, and you will receive a response to your query sooner rather than later.

Unfortunately, NairaBet does not provide for a live chat option on their bookmaker website. This is rather disappointing, as live chat is often the easiest way to contact a customer support representative. This method of customer service is prevalent among popular bookmakers.

Design and Usability


  • Simplistic design
  • Easy to use and navigate
  • Dedicated responsible betting section

NairaBet comes with a simplistic design, comprising of a pleasing mix of blue and white, with the occasional orange. There is nothing fancy about the platform, and this adds to its appeal. On the left side of the platform, exist all the markets available to punt on. You can click on any market, and the various selections at offer will appear at the centre of the screen.

At the centre of the platform, exist “Top Bets, and “In Play” columns. The top bets, and in play options are featured in these columns. You can see your current bet slip on the right hand side of the platform. The platform’s “Promotions”, “Live” and “Products” sections exist on the navigation bar, present at the top of the website.

Click on any of these options to witness its content. NairaBet also has a “Blog” section, which talks about the latest updates, and promotions in the NairaBet sphere. If you scroll down to the bottom of the platform’s website, you can see the different customer support channels on the right hand side of the platform.

You can make use of any of these channels to contact customer support. NairaBet’s license, and membership details too, are present here. You can click on the FAQ section to address any questions that you may have, which can be answered through NairaBet’s prewritten questions and answers.

Mobile


  • Apps for Android and Apple users are not present
  • 2 mobile versions of the desktop platform are available
  • The Lite version loads fast, while the mirror of the desktop version has some added perks to the desktop version of NairaBet

Unfortunately, NairaBet does not offer a mobile betting app for Android and Apple users. This is quite a let-down, considering the fact that several popular bookmakers have mobile apps for sports betting. Nevertheless, NairaBet does offer two mobile versions of the desktop platform.

The first version is a mirror of the desktop version, while the second version is a lite version, which lacks a lot of graphics, banners, and icons, to help speed up loading time, and offer intuitive navigation through different sections of the platform. The first version is quite similar to the desktop version of NairaBet, although it comes with a couple perks.

As far as colour choices, overall layout, and structure goes, the mobile version of the bookmaker is exactly the same. What is different though, is the fact that the mobile version offers enhanced user experience, as it has several menus, filter options, and call-to-action buttons.

You can use the “Quick Filter” option to easily find a sporting market of your choice. The “Betslip Browser” allows you to scan a barcode that belongs to you, or a friend of yours. NairaBet may venture into the mobile app market soon, and we hope that they do so.

Other Products


  • Casino and Virtual Games available
  • Only 3 Casino Games at offer
  • Virtual Games in 5 different disciplines at offer

NairaBet has not really ventured into other products, as they offer only 3 games in Casino, and 5 different disciplines in Virtual Games. The 3 games at offer in Casino are Froots, Bloodshot, and X-O Manowar. Virtual Games are at offer in Football, Tennis, Eurocup, Horse Racing, and Greyhound Racing.

There are several ongoing fixtures for Virtual Sports, and you can tune in if you are interested in any of the above mentioned markets. NairaBet does not offer and VIP Levels, or loyalty points for any of these products, and we hope that they expand to other products like Arcade, Bingo, Lotto, Lottery and Poker sooner, rather than later.

Summary


While there is no doubting NairaBet’s standing as one of the best bookmaker’s in Nigeria, the question was never about NairaBet being good, but rather a question of how good it really is, and whether it is ideal for you. NairaBet offers an excellent selection of betting markets, and is particularly wonderful for football bettors. It is a secure platform, and takes care of your personal information, and funds.

That being said, after having extensively reviewed its features, NairaBet is lacking on several notes. NairaBet offers a simple, secure registration process, and a variety of deposit methods. It also offers for several interesting promotions, and 24/7 customer support.

NairaBet does not offer a welcome bonus though, and most of the best bookmakers do provide a welcome bonus for new customers. While this is not all that important, NairaBet does not offer any markets for Esports, Entertainment, and Politics, among other Specials. Special Bets are of the essence, and this is a huge let down.

NairaBet does not provide for a live streaming option as well, nor does it have provisions for a statistics section. While you can follow second by second match updates, this is not enough. NairaBet does not offer a live chat option for customer support, which is a given in many popular bookmaker platforms. Live chat is often the easiest mode of communication.

The platform does not offer its customers the option of a mobile application, nor does it offer them a wide variety of other products. There are only 5 Virtual Game disciplines at offer, and 3 Casino games, which is just not enough. The platform’s mobile version is commendable though, and is a good option for bettors looking to bet on the go. It also comes with some added features to the desktop version of the bookmaker.

Lastly, the bookmaker is only available for Nigerian residents. Nevertheless, its pros do outweigh its cons for the customers who choose to stick by it, and it does do well in the sectors it offers excellence in. We hope they work on their flaws, and provide for a rounded platform 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.