Sports betting is legal in Nigeria
All forms of gambling in Nigeria including sports betting is regulated by the National Lottery Regulatory Commission. The lottery was legalized with the National Lottery Act, 2005 and gambling is defined by Chapter 22 of the Criminal Code Act enacted in 1990. You need to be 18 years of age to participate in Sports betting.
On the state level, Lagos State has set up a body known as Lagos State Lotteries Board (LSLB). LSLB was established by the Lagos State Lotteries Laws Cap L89 2004 Laws of Lagos State and it is responsible for regulating lotteries, sports betting, scratch card & interactive games, casino, gaming machines operations, pools betting, promotional competitions and other gaming activities within Lagos State.
It is estimated that 60 million Nigerians between the ages of 18 and 40 are involved in active sports betting. On average, these punters spend around 3,000 Naira every day on bets. You can easily find sport betting sites and bookies at online or in almost every street in Lagos.
Various sports to bet
At online bookies you can bet on various sports like Soccer, Football, Cricket, Rugby Union, Rugby World Cup, Boxing, Hockey, Tennis, Golf, Surfing, Netball, and various races.
There are many online betting sites that offer international matches and big local matched all love not only to watch but also place the wagers on the reputed bet exchange of the players choice.
You can place sports bet on your favourite team to come out trumps with one of these trusted names in Nigerian online sports betting.
There are a variety of different sport betting online sites available for players in Nigeria, some are home based sites whilst there are a few well-known UK and European sites that are also great to explore for to bet online. These online sites are fully licensed and registered under a authenticated gambling commission and welcome Nigerian players with great bonuses .
You will find large range of sports and markets with unique bet types, weekly specials and bonuses and multiple deposit options all in Naira and Rand with excellent customer support for players to bet on sports at these trustworthy online betting sites.
You can also do Live Betting which is an exciting form of wagering that allows you to place bets on events that are ongoing or live. The odds are dynamic and change in accordance to the course of the actual event, offering double excitement as you get to monitor the event during play.
How to place a bet at Sports Betting Site?
- To get started first visit any Nigerian friendly sports betting site or casino or bookie.
- You can visit the online bookie with your mobile or PC either by their exclusive mobile or sports app or directly with your web browser by typing the bookie URL and hit enter
- Check that the online bookie or casino is legalized with some gambling commission or repute.
- Register yourself to become a member.
- Next choose the sport you wish to bet on and know what outcome you can get in that sport. Many bets are available across hundreds of sports, so you won’t be short on choice. You can bet on your favorite team or an individual in a sporting event that spans across many days, like golf. Remember each sport will have a variety of different bet types.
- Now make a deposit at the casino or sport betting site at the cashier or deposit/banking page.
- You need to understand the rules of the game and other terms and conditions attached to it before you make a deposit or wager on sports. You can make a deposit with Nigerian friendly method like with your credit/debit/gift Card, Bitcoins or other eWallets like Neteller or Skrill.
- Now you can sit back, relax, and tune into the game or sport you’ve bet on to see if you’ll be a winner.
- If you’re lucky enough to be a winner you’ll be paid out automatically and your wins will be added to your casino or sports betting account to redeem or encash.
- To place a bet simply choose a sport type (soccer, tennis, basketball, etc) from the menu located on the left of the home page screen of the online bookie, select the specific championship/league, select your chosen event, click on the chosen odds and insert the stake you wish to bet in the coupon in the right-hand menu, then confirm your bet.
- You can place different kind of bets: singles, multiples and system (combined) bets.
- Multiple bets may be placed by combining different sports: football, tennis, Formula 1, etc.
- Go to the “My Account” section and click on “Bet List”. You will find a list of all of the bets that you have placed and you can filter them by time and by status. The maximum number of events you can add to your bet slip is 40.
- Generally there is minimum stake is NGN 100 per bet and there is no strictly defined maximum stake.
- The maximum payout at any sports betting site is NGN 50,000,000.
Note that you are offered awesome free bet bonus offers or other promotions to place bets with real Naira.
The different kinds of bets you can make on sports
At online bookmakers you will find many bet types in sports. There are literally thousands of different combinations of bets that you can make on all sorts of outcomes. Some of the few popular bets on sports are as follows:
The money line bet
This is the easiest bet to make in sports. This is a bet simply placed on the winner of the game. As the companies that run sports books need to make money, they manipulate the payout odds in a game based on who is the favorite to win and who is the underdog.
The line bet
The line bet is also known as the points spread. In this bet, each team will be given a head start in points, essentially a handicap if they’re the underdog, and alternatively a disadvantage with points if they’re the favorite. This bet option is by far the most popular and it will even up payout rates so that you can lay a similar amount on either the winner or loser and receive a very similar payout rate. The payout is represented the same as a money line for the point spread bet.
The under or over bet
This type of bet is also sometimes referred to as a total bet. This is a simple bet which wagers on the total score in a game combined. So you take the score from both teams and combine them. You will find that there will usually be a particular value selected where you can go over or under this to try and win.
These bets are another hugely popular bet type when it comes to sports. These are sometimes known as multi-bets. In a parlay, you bet on a series of outcomes in different or the same sports, in chronological order. You place a bet on the first outcome, then if you win that the winnings are rolled into the next outcome, and so on.
Besides these popular bets there are many other types of bets like the proposition bets, referred to as prop bets for short, such as the first scorer in a game, or the first score type. You can also bet on margins in games, you can bet on the scores at the end of the quarter, period, or half, depending on the game you’re watching, and much more.
Horse racing bets
Note that sports betting can also incorporate horse racing betting although this is a little bit different. In horse racing betting you can wager on top two finishes, top three, place bets, or each way bets, quinellas, trifectas, box trifectas, and quaddies. You can make almost as many different types of bets on horses, or dogs for that matter, as you can on other popular sporting events.
You’ll find a large number of online sports books these days offering so many kinds of bets to place online on sports. Many sites also offer mobile gaming or app but few online bookies still do not allow mobile to place bets on sports and rely on web or PC method. So you need to check with the online bookie or ask their customer support team if you have any doubt.
At online sites odds and payouts online are generally much more generous when compared to physical sports books. This is because of the relatively low overheads that online casinos have when compared to physical ones.
Sports betting could be a great option for you if you want to watch a sport and add that extra layer of excitement to the game. Also if you’re in a casino, it can give you a great break from online slot for a few hours while you enjoy the game.
One thing to note is that at online bookies be sure to check out regulations before you start placing bets.