NetBet Nigeria Sports Betting Review 2020

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Introduction

Having been established as early as 2001, NetBet is among the best betting sites in Nigeria. NetBet’s offerings were brought online in 2006, and the betting site is offering an excellent welcome offer bonus for Nigerians, at the time of writing. The betting site is licensed and regulated by the Lagos State Lottery Board, and offers odds on over 25 sports.

The purpose of this review is to gauge NetBet’s various offerings, and to determine whether the betting site suits your needs. Does NetBet offer all the features you expect of a good betting site? Read on to find out, and learn much more.

Registration process


  • The registration process at NetBet requires you to fill a registration form consisting of four steps
  • You must click on the green-coloured “Register” button, at the top-right hand side of your screen to initiate this process
  • As soon as you have registered at NetBet, the betting site will send you an email, welcoming you to the betting site
  • A message will appear on your screen with respect to depositing funds into your NetBet account. You can choose to deposit funds into your account immediately after having registered at the betting site, or after having gauged the various offerings NetBet has to offer.

netbet registration process1

To register at NetBet, you must click on the green-coloured “Register” button, at the top-right hand side of your screen. As soon as you click on this button, you will be redirected to the first step of NetBet’s registration process.

If you would like to receive an exclusive welcome offer bonus, you can register at NetBet via this link.. Click on the green-coloured “SIGN UP” button, to initiate the registration process. We will get into the details of the exclusive welcome offer bonus, in another section of this review.

As can be seen from the above-mentioned image, the first step of NetBet’s registration process requires you to enter your email address, create a password, choose your country of residence, and choose your preferred currency. Complete the “I’m not a robot check”, and click on the “GO TO DETAILS>” button.

As soon as you click on this button, you will be redirected to the second step of NetBet’s registration process. As can be seen from the below-mentioned image, you must enter your first name, and last name. You must create a unique username, and enter your date of birth. As soon as you have entered these details, click on the “GO TO CONTACT>” button.

netbet registration process2

As soon as you click on this button, you will be redirected to NetBet’s third registration step. As can be seen from the below-mentioned image, you must enter your mobile number, and your full address. Click on the “GO TO BONUS>” button when you are done.

netbet registration process3 - NetBet Review

The final step of NetBet’s registration process requires you to enter a welcome offer bonus code, and confirm that you have read through the betting site’s “Terms and Conditions”, and “Privacy and Cookies Policy”, as can be seen from the below-mentioned image.

It must be kept in mind, that if you register at NetBet via the exclusive welcome offer bonus link mentioned at the top of this section of the review, the welcome offer bonus code “WELCOME200NG”, will automatically appear in the welcome offer bonus code box.

netbet registration process4 - NetBet Review

As soon as you have registered at NetBet, a message will appear on your screen with respect to depositing funds into your NetBet account, as can be seen from the below-mentioned image. You can choose to deposit funds into your account immediately after having registered at the betting site, or after having gauged the various offerings NetBet has to offer.

netbet registration process5 - NetBet Review

NetBet will also send you an email, welcoming you to the betting site. It must be kept in mind, that NetBet may request you to upload documents with respect to Proof of Identity, and Proof of Address, when you initiate your first withdrawal, or when you request to withdraw large amounts.

Deposits and Withdrawals options


  • At the time of writing, NetBet is offering 10 deposit options
  • Click on the green-coloured “Deposit” button, at the top-right hand side of your screen
  • The betting site is offering 4 withdrawal options
  • Minimum deposit amount is 100 NGN
  • Minimum withdrawal amount is 500 NGN
  • While the betting site does not charge a deposit fee, a withdrawal fee is levied

netbet depositing money

As soon as you have registered at NetBet, a message will appear on your screen with respect to depositing funds into your NetBet account. You can choose to deposit funds into your account immediately after having registered at the betting site, or after having gauged the various offerings NetBet has to offer.

To deposit funds into your NetBet account, click on the green-coloured “Deposit” button, at the top-right hand side of your screen. As soon as you click on this button, you will be redirected to the betting site’s deposit page. As can be seen from the above-mentioned image, the betting site is offering 10 deposit options, at the time of writing.

You can choose to deposit funds at a Nigerian branch, via Credit Card, at an ATM, at a Bank Branch, Bank Transfer, Interswitch, and Neteller, among other options. That being said, you must keep in mind that the use of Credit Cards will be banned as a whole, from the 14th of April, 2020.

The betting site does not charge any deposit fees, and deposits are processed instantly. It must be noted that the minimum deposit amount at NetBet is 100 NGN.

netbet withdrawing money - NetBet Review

When it comes to withdrawals, as can be seen from the above-mentioned image, NetBet offers 4 withdrawal methods. You can choose to withdraw funds via GTB *737* – Payment via mobile, and VISA QR, among other options.

The minimum withdrawal amount is 500 NGN. The betting site levies a withdrawal fee, in due accordance to the amount you withdraw. Withdrawals take up to 5 working days to be processed.

NetBet may request you to upload documents with respect to Proof of Identity, and Proof of Address, when you initiate your first withdrawal, or when you request to withdraw large amounts.

Welcome Bonus


  • At the time of writing, NetBet is offering one of the best welcome offer bonuses around – a 100% first deposit bonus up to 100,000 NGN
  • Certain terms and conditions apply for the same

netbet 100% welcome bonus - NetBet Review

At the time of writing, NetBet is offering a 100% welcome offer bonus on your first deposit, up to 100,000 NGN, if you register at NetBet via this link, and this link only. Certain terms and conditions apply for the same.

This welcome offer bonus is only applicable for Nigerian residents. You must enter the welcome offer bonus code – “WELCOME200NG” in the “PROMOTION CODE” section, before going on to make your first deposit. You have 24 hours to make your first deposit, after you have initiated the welcome offer bonus procedure.

As soon as you make your first deposit, you will receive a 100% welcome offer bonus up to 100,000 NGN. The bonus amount (First deposit) must be rolled over once, in order to initiate the transfer of the bonus amount to your sports betting account.
You must place bets on Singles with odds of 2.0 or more, Doubles with odds of 2.25 or more, and Combos with odds of 1.5 or more per selection for the same.

All rollover bets must be settled before 30 days. Failure to do so will lead to the welcome offer bonus amount being forfeited. The betting site has also mentioned (Rather strangely) that Nigerian residents must play through the first deposit + welcome offer bonus amount 8 times. If you deposit funds over the 100,000 NGN mark, the rollover requirement may vary (Exceed the original requirement).

Sportsbook promotions


  • At the time of writing, NetBet is offering several sport-related promotional offers
  • You will receive a 500 NGN Free Bet, if you place an Accumulator Bet with three or more selections, at individual odds of 1.1 or more
  • You will receive a 500 NGN Free Bet, if you place a Basketball Accumulator Bet with three or more selections, at individual odds of 1.5 or more
  • The betting site is offering three more sport-related promotional offers as well

netbet sportsbook promotional offer - NetBet Review

At the time of writing, NetBet is offering a number of sport-related promotional offers. You will receive a 500 NGN Free Bet, if you place a Football Accumulator Bet with three or more selections, at individual odds of 1.1 or more. You can win a Free Bet each week, and you must use the received Free Bet within a week, after which it will be declared void.

It must be noted that the received Free Bet must be used in its entirety, in the form of a Single Bet, or an Accumulator Bet with 2 or more selections. This promotional offer is only valid for Nigerian customers. NetBet is offering another promotional offer with respect to Basketball.

You will receive a 500 NGN Free Bet, if you place a Basketball Accumulator Bet with three or more selections, at individual odds of 1.5 or more. You can win a Free Bet each week, and you must use the received Free Bet within a week, after which it will be declared void.

It must be noted that the received Free Bet must be used in its entirety, in the form of a Single Bet, or an Accumulator Bet with 2 or more selections.
The betting site is offering a plethora of other promotional offers as well.

VIP Program

At the time of writing, NetBet is offering a wonderful VIP Program. To access the betting site’s VIP section, scroll down to the bottom of your screen, and click on the “VIP Club” option, present at the bottom-right hand side of your screen. As soon as you click on this option, you will be redirected to NetBet’s “VIP Club” section.

NetBet will not reach out to you for VIP membership. If you feel that you should receive preferential treatment in the form of the status of a VIP, you must write to NetBet at vip@netbet.com, and explain why you deserve to be a part of their VIP Club.

A VIP Manager should get back to you sooner, rather than later. If you are accepted into NetBet’s VIP Club, you will receive invitations to the best sporting events of a calendar year, as well as exclusive access to gifts and bonuses. You will also have the opportunity to place bets with high stakes, and fast-track deposits, as well as withdrawals. A VIP Manager will be assigned to serve you as well.

That being said, there must be an enclosed fee for the same. The betting site offers VIP perks to its Casino customers as well. Players will receive NetPoints for each real money game that they play. The more the number of NetPoints that you earn, the higher you rise in NetBet’s VIP Levels. Each associated level comes with several perks, including the likes of gifts, bonuses, tickets to draws, and real money, among other perks.

Pre-match offer


  • At the time of writing, NetBet is offering odds on over 25 sports
  • The betting site is offering active sports markets, with a competitive nature of odds
  • As is advertised on their website, the minimum stake that you can place on a pre-match sports bet is 0.07 GBP (Currency Equivalent – NGN), and 0.13 (Currency Equivalent – NGN) for live bets
  • There is no set maximum stake

netbet pre-match betting - NetBet Review

At the time of writing, NetBet is offering odds on over 25 sports. The betting site is offering quality odds on a number of popular sports markets, including the likes of Football, Tennis, and Basketball. The betting site is offering a number of unique sports markets as well, to suffice the tastes of all kinds of punters. These includes the likes of Futsal, Snooker & Pool, and Floorball.

As is advertised on their website, the minimum stake that you can place on a pre-match Sports bet is 0.07 GBP (Currency Equivalent – NGN), and 0.13 (Currency Equivalent – NGN) for live bets. There is no set maximum stake limit – The maximum stake that you can place on a Sports market depends on the number of selections that you have made, the odds that you are backing, and the Sport that you have chosen to punt on.

Before placing a bet on NetBet, you must gauge the odds on offer at different betting sites as well. You should look to place a bet on a betting site, which is offering the best odds for a bet that you want to place. Another factor that you must look into, is the bookmaker’s margin that a betting site is commanding over you, for a betting variant.
Higher is the margin of profit that a betting site is charging over you, lesser are your chances of winning a placed bet. You should look to punt on betting variants with a margin nearer to the ideal market mark of 100%, rather than those which surpass the 110% mark.

A diligent punter will always calculate the bookmaker’s margin for a betting variant, by calculating the Odds Overround, for a particular bet. To determine the Odds Overround for a betting variant, divide all of the decimal outcomes of a betting variant by 100, and add the resulting numbers together.

With the help of the resultant number, you can calculate the Odds Overround for a bet. We determined the Odds Overround for a match to be contested in the MLS, to gauge the quality of the odds on offer, at NetBet. The Odds Overround were found to be 107.85, which indicates that NetBet offers a good quality of odds, and charges a low margin (The MLS is not among the most popular markets around).

Esports

Esports are quite popular these days, and it is fascinating to see that NetBet is offering a number of Esports to punt on, based on local, and international Esports tournaments – A plethora of which take place in due course of a calendar year.

At the time of writing, NetBet is offering odds on League of Legends, Dota 2, and Counter-Strike: Global Offensive.

As is advertised on their website, the minimum stake that you can place on an Esports bet is 0.07 GBP (Currency Equivalent – NGN). There is no set maximum stake limit – The maximum stake that you can place on an Esports market depends on the number of selections that you have made, the odds that you are backing, and the Esport that you have chosen to punt on.

Other Specials

At the time of writing, NetBet is offering odds on Politics. The only market on offer at the time of writing, is the Winner of the London Mayoral Election 2020.
We hope that the betting site offers odds on more Special markets, in due course of time.

As is advertised on their website, the minimum stake that you can place on a Special bet is 0.07 GBP (Currency Equivalent – NGN). There is no set maximum stake limit – The maximum stake that you can place on a Special market depends on the number of selections that you have made, the odds that you are backing, and the Special that you have chosen to punt on.

Cash Out and Bet Builder

At the time of writing, NetBet is offering both Cash Out, and Bet Builder. Bet Builder is being offered in the form of “Bet Maker”. Bet maker is an excellent feature, which allows you to build a customized bet, by selecting up to 6 different selections and outcomes, and putting them into one bet. As soon as you build a bet, NetBet will return the odds for the same. Bet Maker in turn, ensures that there are an infinite number of ways to punt on NetBet.

Cash Out on the other hand, is a staple when it comes to placing an online bet. Cash Out allows you to retrieve your money on a placed stake, if you feel that you may lose a placed bet, in due course of a match. The amount of money that you retrieve depends on the odds in favour of your placed bet at the time of Cashing Out, and the exact instance of initiating a Cash Out.

You could possibly win more, or less than your placed stake.

Live offer


  • At the time of writing, NetBet is offering over 25,000 live events each month
  • The betting site is offering active sports markets, and a competitive nature of odds
  • You cannot live stream matches

netbet live betting

At the time of writing, NetBet is offering a comprehensive in-play section, sans a live streaming option. If you look at the centre of the home page, you will see in-play matches. To access the in-play section for a match, click on a match of your choice.

As soon as you click on a match of your choice, you will be redirected to its in-play section, as can be seen from the below-mentioned image.

netbet live scorecard - NetBet Review

NetBet offers a live scorecard, with statistical insights to an ongoing match. If you look at the right-hand side of your screen, you will second-by-second live updates, with respect to an ongoing match, via a graphical representation.

The betting site offers a variety of popular, and unique betting markets as well. If you look at the left-hand side of your screen, you will see a “Fast Market” option. Fast Market is available for select sports only.

Fast market allows you to bet on the occurrence of an event in the future (Next 1, or 5 minutes), including a Corner Kick. A Free Kick, a Goal Kick, a Throw-In, and a Foul, among other possibilities. That being said, NetBet does not allow you to follow and punt on multiple sports at the same time.

Overall, NetBet’s live offering is above-average.

Security


  • NetBet is one of the most popular betting sites in Nigeria
  • The betting site is licensed and regulated by the Lagos State Lottery Board
  • NetBet comes with a comprehensive responsible gambling section, sans safe gambling options of its own
  • The betting site is safe, reliable, and secure

At the time of writing, NetBet is among the most popular betting sites in Nigeria. The betting site is licensed and regulated by the Lagos State Lottery Board. The betting site ensures that your stored funds, and personal identification information remain safe from the hands of miscreants.

The betting site comes with a comprehensive responsible gambling section, sans safe gambling options of its own. To access NetBet’s responsible gambling section, scroll down to the bottom of your screen, and click on the “Responsible Gambling” option, present at the bottom-left hand side of your screen.

NetBet comes with a comprehensive responsible gambling section. You can install a software to prevent minors from accessing betting sites, by visiting this website. You can also email NetBet at support@netbet.com, if you know, or come across any minor who possesses a NetBet account.

NetBet is affiliated to several organizations to help cure gambling-related problems, including the likes of GamCare, Be Gamble Aware, and Gambling Therapy. While NetBet does not offer any safe gambling options of its own, its affiliation with the above-mentioned organizations help greatly, when it comes to tackling, and curing gambling-related issues.

There is a lot of information on offer with respect to practising safe gambling, and a safe gambling questionnaire as well, which helps you assess whether you are over-indulging yourself on the platform.

On that note, it is of common knowledge that NetBet is not affiliated to any criminal group, nor does it have any hand in criminal activity of any kind. The betting site has the means to pay you in full, if there ever comes a situation in which NetBet goes bankrupt, or shuts down.

The betting site separates your winnings from the cost it takes to run its various platforms. NetBet does not have any control over you winning or losing a bet, and all the numbers which are generated on the platform, are in due course of a random number generation procedure. All in all, NetBet is extremely safe, reliable, and secure.

Service and Customer Support


  • You can contact a customer support representative via Email, Free Phone Call, WhatsApp, or Live Chat
  • You can contact a customer support representative via a Free Phone Call from 12:00 – 20:00 GMT+1
  • You can contact a customer support representative via Live Chat, or WhatsApp, from 09:00 – 23:00 GMT+1
  • NetBet comes with a dedicated responsible gambling section
  • You can access the betting site’s “FAQ” section as well. NetBet’s FAQ section comes with several pre-answered questions

netbet service and support

At the time of writing, you can contact a NetBet customer support representative via a Free Phone Call, Email, Live Chat, or WhatsApp. To access NetBet’s contact section, scroll down to the bottom of your screen, and click on the “Contact Us” option, present at the bottom-left of your screen.

As soon as you click on this option, you will be redirected to a screen which looks like the above-mentioned image. You can send NetBet an email, via their in-site email sending template. All you have to do, is choose your mode of service, enter your full name, your email address, and pose a question, which you wish you to be addressed.

Complete the “I’m not a robot check”, and click on the red-coloured “SEND MESSAGE” button. You should receive a response within a day. If you wish to call a customer support representative via a Free Phone Call, you can dial +234 (1) 700 1720.

You can contact a customer support representative via a Free Phone Call from 12:00 – 20:00 GMT+1. A customer support representative should get back to you, if your call is missed. To contact a customer support representative via Live Chat, click on the red-coloured “START LIVE CHAT” option.

You can contact a customer support representative via Live Chat from 09:00 – 23:00 GMT+1. As soon as you click on this button, a Live Chat button will pop up at the right-hand side of your screen – Proceed accordingly.

You can contact a customer support representative via WhatsApp as well. Click on the green-coloured “WhatsApp” button, at the bottom-right hand of your screen. NetBet’s WhatsApp number is +234 808 408 1702.

You can contact a customer support representative via WhatsApp, from 09:00 – 23:00 GMT+1. If you have a question with respect to the betting site’s functionality, you can access the betting site’s “FAQ” section as well. Scroll down to the bottom of your screen for the same. NetBet’s FAQ section comes with several pre-answered questions.

Design and Usability


  • Easy-to-the-eye design, set in a mix of black and red, with a hint of white
  • All major options of interest, are readily available via the betting site’s home page, except for the betting site’s Live Chat option
  • To access NetBet’s Live Chat option, you must visit the betting site’s “Contact Us” section
  • NetBet does not offer a dedicated statistics section, nor does it offer live streaming of sports

NetBet’s website comes with an easy-to-the-eye design, set in a mix of black and red, with a hint of white. If you look at the top-centre of your screen, you will see options to access the betting site’s “Sports”, “In-Play”, and “Casino” sections.

If you would like to receive an exclusive welcome offer bonus, you can register at NetBet via this link.. Click on the green-coloured “SIGN UP” button, to initiate the registration process. At the time of writing, the betting site is not offering a dedicated statistics section, nor does it offer live streaming of sports.

If you look at the centre of your screen, you will see a variety of in-play markets, and match highlights. If you look at the left-hand side of your screen, you will see the betting site’s sports slider, as well as a few quick links to popular sports betting markets.

To access the in-play section for a match, click on a match of your choice. NetBet offers a live scorecard, with statistical insights to an ongoing match. If you look at the right-hand side of your screen, you will second-by-second live updates, with respect to an ongoing match, via a graphical representation.

The betting site offers a variety of popular, and unique betting markets as well. If you look at the left-hand side of your screen, you will see a “Fast Market” option. Fast Market is available for select sports only.

To access NetBet’s Live Chat option, you must visit the betting site’s “Contact Us” section. To access NetBet’s contact section, scroll down to the bottom of your screen, and click on the “Contact Us” option, present at the bottom-left of your screen. Options to access NetBet’s “Responsible Gambling” section, “FAQ” section, and “VIP Club” section are present on the same navigation bar.

To contact a customer support representative via Live Chat, click on the red-coloured “START LIVE CHAT” option.

You can contact a customer support representative via Live Chat from 09:00 – 23:00 GMT+1. As soon as you click on this button, a Live Chat button will pop up at the right-hand side of your screen – Proceed accordingly.

NetBet comes with a comprehensive responsible gambling section. You can install a software to prevent minors from accessing betting sites, by visiting this website. You can also email NetBet at support@netbet.com, if you know, or come across any minor who possesses a NetBet account.

NetBet is affiliated to several organizations to help cure gambling-related problems, including the likes of GamCare, Be Gamble Aware, and Gambling Therapy. While NetBet does not offer any safe gambling options of its own, its affiliation with the above-mentioned organizations help greatly, when it comes to tackling, and curing gambling-related issues.

There is a lot of information on offer with respect to practising safe gambling, and a safe gambling questionnaire as well, which helps you assess whether you are over-indulging yourself on the platform.

If you have a question with respect to the betting site’s functionality at large, you can access the betting site’s “FAQ” section. NetBet’s FAQ section comes with several pre-answered questions.

Mobile


  • At the time of writing, a Sportsbook app is available for both Android and iOS users
  • The betting site comes with separate apps for Casino, and Poker as well
  • A mobile-friendly website is available too

At the time of writing, NetBet is offering a Sportsbook app for both Android, and iOS customers. The betting site comes with a dedicated Casino app, and a Poker app as well. As an Android user, you can download NetBet’s Sportsbook app via the betting site. You can download the app via App Store, as an iOS user.

If you do not want to download NetBet’s app, or if you do not have sufficient memory space, you can choose to make use of the betting site’s mobile-friendly website. NetBet’s Sportsbook app is an excellent addition, which allows you to bet on the go. You can place bets on your favourite sports markets, with having to open your desktop system, or your laptop!

The app is well-designed, and comes with improved graphics, when compared to the desktop version of NetBet. You can access over 25,000 in-play events each month, and enjoy a plethora of other features as well. The betting site’s mobile-friendly website is a handy addition too.

The same welcome offer bonus and promotional offers are on offer on the app, as are on the desktop version of the betting site. That being said, there are some special mobile deals on offer from time to time as well. The betting site sends push notifications as well, to keep you up to date with the latest happenings in the world of sports, and NetBet of course.

Other products


  • At the time of writing, NetBet is offering a Casino section, and a Lucky 6 section
  • Casino comes with a dedicated welcome offer bonus

At the time of writing, NetBet is offering a Casino section, and a Lucky 6 section. If you look at the top-centre of your screen, you will see a “Casino” option. As soon as you click on it, you will be redirected to NetBet’s “Casino” section. Via the “Lucky 6” option to the right of the “Casino” option, you can access NetBet’s “Lucky 6” section.

NetBet’s Casino section comes with several gaming varieties, including Slots, Live Casino, Roulette, Jackpot, and Card Games, among others. The most popular Casino Games at NetBet include “WHO WANTS TO BE A MILLIONARE”, and “BONANZA”, among others.

Casino comes with a dedicated welcome offer bonus as well, if you decide on joining NetBet for its other products, rather than the betting site’s Sportsbook. The betting site offers VIP perks to its Casino customers as well. Players will receive NetPoints for each real money game that they play.

The more the number of NetPoints that you earn, the higher you rise in NetBet’s VIP Levels. Each associated level comes with several perks, including the likes of gifts, bonuses, tickets to draws, and real money, among other perks.

Summary


NetBet is among the best betting sites in Nigeria. The betting site offers a plethora of wonderful features, and active sports markets, of which Football is the most popular. That being said, the purpose of this review is to determine whether the betting site is ideally suited to you. Having gauged its various offerings, we have come to the conclusion that NetBet is a wonderful option for you.

Yes, the betting site does have a few flaws which need ironing out, but that is only natural. Let’s explore the betting site’s cons, to start things off. NetBet comes with a limited number of Special markets, and does not offer live streaming for sports matches.

The betting site does not come with around the clock customer support, and does not offer in-site safe gambling options. The betting site does not offer a dedicated statistics section as well.

These cons apart, NetBet offers a number of deposit and withdrawal options to choose from, and comes with an excellent welcome offer bonus. The betting site is offering a VIP program, and a number of sport-related promotional offers as well.

NetBet comes with a good quality of odds on offer, and active sports markets. The betting site is offering an excellent Sportsbook app as well, for both Android, and iOS users. Overall, NetBet is an excellent proposition for Nigerians – It is hard to look beyond it.

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 about sports and technology.

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