The Nigerian betting scene started during the British colonization of the country, with the introduction of Pool betting in the 1920s. Over 7 decades later, the industry witnessed the launch of the first sports lottery company in the country, followed by the launch of various local sports betting platforms.
Over 2 decades since the launch of the first-ever sports betting platform, the Nigerian sports betting scene has witnessed the launch of an array of new Nigerian Betting sites. In this article, we have reviewed these platforms to provide you with the best of Nigeria’s New sports betting sites.
While Nigeria’s primary national regulatory body overseeing gambling is the Nigerian Lottery Regulatory Commission (NLRC), new bookmakers operating in the country may also be required to obtain licenses from local state gambling regulatory bodies.
Although Nigeria’s gambling laws also allow players to play at bookies with offshore licenses like the Malta Gaming Authority and the United Kingdom Gambling Commission licenses, below is an insight into how new gambling sites are regulated in the country.
In addition to the NLRC, individual states in Nigeria may have their regulatory bodies responsible for overseeing gambling activities within their jurisdictions.
New Nigerian Bookies are constantly regulated through audits, inspections, and penalties for non-compliance.
Bookmakers must follow anti-money laundering (AML) and know-your-customer (KYC) procedures to deter fraudulent activities.
Pros and Cons of New Betting Sites in Nigeria
New Nigerian Bookmakers often undoubtedly offer a thrilling selection of bonuses and services. However, despite these thrilling services, gambling at new Nigerian Betting sites has a couple of downsides.
Pluses
Modern innovations and features
Mobile-compatible website design
Juicy bonuses and promotions
Competitive odds and sports betting lines
Responsive customer feedback
Minuses
Limited Track Record and Trustworthiness
Potential for Unpredictable Outcomes
How We Rank New Betting Sites in Nigeria at Allbets.tv
While we pride ourselves on recommending the best bookies to our audience, it is important to note that these platforms are ranked based on set criteria and not sentiments. How have we ranked these platforms?
1
Licenses
The first criterion in our process is to review the license of the sports books. This is done mainly to ensure that the Bookie is regulated, and the operator adheres to strict standards, including financial transparency, fair gaming practices, and responsible gambling measures.
2
Odds and Payout Percentages
Our team also ensures to compare the odds and payout percentages at these casinos, recommending only online bookmakers with the most competitive odds. This is done to ensure punters have access to the best services in the industry.
3
Variety of Betting Markets
At Allbets.tv, we also review the available betting markets to ensure that punters have various betting lines that allow for more predictions and an opportunity for more wins. Recommending a new betting site with a variety of sports betting lines also prevents repetitive gambling sessions.
4
Betting Offers
New Nigerian betting sites often offer a thrilling selection of bonuses; however, these bonuses are sometimes used to bait new players into registering while featuring unbelievable wagering requirements. During the curation of our recommendations, our team always reviews the betting offers at each Bookie, ensuring that only new Nigerian betting sites with player-friendly bonuses.
5
Payment Methods
Our team also analyzes the available payment methods to ensure the availability of local options and features like ease of use, transaction fees, and transaction limits.
6
Betting Features
While reviewing these platforms, we also watch out for the betting features available on the new Nigerian betting sites. We watch out for features like live-streaming, mobile application offerings, and live betting market options.
How To Choose The Best New Betting Sites
How can you choose the best New Nigerian sports betting sites? We at Allbets.tv have got you covered!
Research and conduct a background check on your preferred platform
step 1
During this research, punters are urged to check the licensing of the platform, check out the review of the platform, and the site’s history.
Assess the betting site’s features
step 2
This includes checking out the available sports betting lines, odds and payouts, website layout, and mobile compatibility.
Evaluate the available bonuses and promotions
step 3
Aside from identifying the available bonuses, players are also advised to review the conditions applicable to each.
Payment options and security
step 4
Punters should confirm that the site offers a range of payment options, review the platform’s security features, and ensure that the site has a responsive customer support system.
Top 3 Best New Betting Sites in Nigeria
As mentioned earlier, we at Allbets.tv have ranked our list of new Nigerian sports betting sites based on the quality of their services and other set criteria. With this in mind, our top 3 most ranked bookies are expected to offer the best services in the industry.
Look at our team’s insight into our top-ranked new betting sites in Nigeria.
BetWinner
Launched in 2018 and licensed by the National Lottery Regulatory Commission, Betwinner is operated by Advanced Hospitality Ltd and boasts coverage of over 1,000 sports betting events daily, a live-streaming feature, live betting markets, and various banking options. Besides offering a mobile-compatible website, BetWinner offers a mobile application for Android and iOS users.
Operated by Bittech B.V. and licensed by the Curaçao Gaming Control Board, 888Starz is renowned as the world’s first deFi Bookie, offering various payment options and thrilling market odds. Besides offering a welcome free bet to its new punters, returning sports betting enthusiasts can claim up to 100% of their deposits every Thursday, among other sports exclusive bonuses.
Newly launched in 2022, BetOnRed is owned and operated by DXG Hospitality Limited and licensed by the Oyo State Gaming and Lottery Board. BetOnRed offers coverage of up to 40 sports events on a versatile website layout that integrates perfectly with PC and mobile screens. While BetOnRed does not offer a deposit bonus for sports punters, this Bookie offers up to a 200% bonus on player accumulator bets.
Pluses
Licensed by a renowned Nigerian gambling regulatory body
Nigerian sports punters can complete their deposits with credit/debit cards, as long as they are Mastercard. Players only need to provide their card details during the deposit and follow on-screen instructions to complete their deposits using this payment method.
Bitcoin
With Cryptocurrency fast dominating the financial industry, a variety of New Nigerian Sports betting sites also offer Bitcoin as a payment method for Nigerian sports bettors. As Bitcoin does not require a financial institution or backing, transactions can be completed with a unique string of numbers known as the wallet address.
Skrill
Powered by Paysafe Group, Skrill is a prepaid electronic wallet that allows users to fund their wallets using a variety of payment gateways. Authenticating online bookmaker transactions with nothing but the Skrill account details, Skrill is one of the leading anonymous payment providers, allowing players to complete their fiat deposits while keeping their transactions anonymous.
Bonuses You Can Find from Nigerian New Sports Betting Sites
Below are some betting offers and promotions we have highlighted during our review of Nigeria’s top new betting sites.
Welcome Bonus
These bonuses are only available for newly registered sports betting accounts and serve as a welcome incentive for new punters to kick off their sports betting experience. This bonus is often a deposit match-up bonus that allows players to claim a certain percentage of their deposit. However, this bonus features varying wagering requirements, which must be completed within time.
Risk-free Bets
Risk-free bets are wager-free bets that allow players to wager on their predictions without using their initial deposit. While Bookies that offer this bonus often restrict accumulator bets with Risk-free bet bonuses, the value of risk-free bets is stated on the promotions page.
Cashback Bonus
For the sessions where lady luck doesn’t smile on players, new Nigerian betting sites offer a cashback bonus feature that allows punters to claim back a percentage of all losses incurred over some time.
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
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FAQ. Frequently Asked Questions
The Nigerian Lottery Regulatory Commission (NLRC) is primarily responsible for gambling regulation in Nigeria. However, bookies can also obtain licenses from state-level gambling regulatory bodies like the Oyo State Gaming Board and the Lagos State Lotteries and Gaming Authority.
Yes, Nigerian gambling laws allow players to use offshore licensed betting sites, such as those regulated by the Malta Gaming Authority and the United Kingdom Gambling Commission.
Nigerian sports bettors can find various bonuses at new Nigerian betting sites, including welcome bonuses, risk-free bets, and cashback bonuses.
Nigerian sports bettors can use payment methods such as Mastercard for card deposits, Bitcoin for cryptocurrency transactions, and Skrill, a prepaid electronic wallet, to fund their accounts at new betting sites.
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