The Criminal Code establishes the basic rules for regulating betting in the country in 1990. Some changes were made in 2004. According to Nigeria's laws, only those types of gambling are allowed, the result of which depends on the skills and knowledge of users, not only on luck.
Therefore, sports betting has received the green light. This market can be developed through land-based dealerships and online.
The main regulator is the National Lottery Regulatory Commission. It exercises control over all types of sports betting.
Operators to operate in the country must go through the appropriate licensing procedure to obtain a "permit to organize sports lotteries."
In addition, the Lagos State Lottery Council may decide on the issuance of a license. Only it can issue permits to conduct a gambling business via the Internet. Interestingly, there is no mention of the legality/illegality of online gambling in federal laws. But the Licensing Council does exist.
Taking into account the legislative realities of Nigeria, it can be assumed that the taxation scheme for bookmakers is not simple. Indeed, there is still no complete and understandable for all participants in regulation in the presence of several legislative acts.
In fact, there are two regulators in the country. In addition, the issuance of a license by the Commission or Council is already the final step. Before that, you need to pass an audit at the Investment Promotion Commission, the Special Anti-Money Laundering Unit, the National Office for the Adoption, and Promotion of Technologies. Sometimes it will be necessary to obtain permission to import capital, to be checked by the Federal Internal Revenue Service and other services.
The path to obtaining a license is very difficult. Therefore, it is almost impossible to calculate the costs of companies in all these instances fully. Operators have to go through these "9 circles of hell" to enter the market with a daily turnover of 2 billion nairas.
The western outpost of betting in Africa is Nigeria. The popularity of sports betting is associated with the increased interest of the population in football. Of course, the correct investment policy of the state has become a great help. New companies that entered the Nigerian market have raised the betting industry's technological equipment to a solid level.
Experts have been tracking the rise in popularity of betting in Nigeria since 2016. According to their estimates, about 40% of the country's adult population regularly bet on sports events - this is about 80 million people.
It is noteworthy that Nigerian law prohibits gambling activities in the country. However, betting is presented here as a game of skill.
Nigeria is ranked second in terms of GGR - income from gambling. Five years ago, this figure was $ 40 million, and by 2020 it has grown by half - $ 58-60 million. Assessing the stable popularity of betting, experts predict a 20% growth in GGR in the period 2021-2022.
The most popular betting sport in Nigeria is soccer. About 70 million Nigerians aged 18 to 42 participate in betting every day. Most of the bets are placed on European football leagues - Premier League, LA-league, Bundesliga, Serie A, and others. Experts have calculated that a total of 5-6 million dollars are deposited in the country's bookmakers every day. The annual figures are also impressive - 2-3 billion per season. Slightly less popular sports for betting are cricket and rugby, basketball, tennis, darts, and ball hockey.
All well-known bookmakers operate in Nigeria are Betfair, Bet9ja, Bet365, 1xbet, Betway, and others.
The availability of online and mobile sports betting sites has contributed to the rise in sports betting popularity, especially on international football matches.
It is noted that an increasing number of Nigerian betting sites are popping up on the Internet, and many of them have physical offices in cities across the country, capitalizing on a national passion for the English Premier League football that has never been as popular among Nigerians as it is today.
To place bets through Internet cafes is another popular method among the population. As soon as the English Premier League teams start playing, fans come to place their bets, and the bet amounts depend on the size of each player's wallet.
Bidding locations primarily operate through online platforms, resulting in a minimum of paperwork for all stakeholders, and rate markets are open 24 hours a day, seven days a week.
For a long time, there has been a fierce debate among fans of various football championships about which of the leading football leagues is the most interesting and spectacular. All sorts of arguments are used: the number of star players, the level of intrigue in the championship, the quality of the game, and much more.
The England Premier league has been the number one national league for many years. Good performance, high speeds, unpredictable title struggles, and amazing outsider victories are what the England Championship is famous for.
Founded in 2004 after the First Division of the Football League's reorganization, the Championship is the second-largest division in the English football system, second only to the Premier League.
The structure of the Championship is 24 teams, which will play two rounds during the season, each with each, home and away. Thus, the season for each club that does not apply for promotion consists of 46 matches.
Naturally, Real, Barcelona, and Atletico immediately come to mind. But you shouldn't abuse the bets on the victories of these teams. The odds are usually scanty, and sensations happen from time to time.
Germany has a football shark Bayern, several elite clubs, including Borussia, Bayer, Schalke, and others. In addition to these teams, the Bundesliga shows good football and other teams, bets on which can be very profitable.
The most popular sports in Nigeria are football, rugby, cycling, cricket. Interest in them has developed among Africans since the beginning of the 20th century when the colonialists "brought" their culture and customs.
The popularity of rugby is growing in all countries of the African continent, but especially in Nigeria. Cricket is a widespread sport in Nigeria and is of great interest to bettors. Despite the fact that cycling has always been associated with Western countries, the sport is becoming more and more popular in Africa and, in particular, in Nigeria.
In addition, bettors in Nigeria also love betting on basketball, tennis, rugby, and cricket, as well as ball hockey, darts, and floorball.
Sports betting sites are the most visited in Nigeria. This follows from the latest website traffic rankings published by a company that collects such statistics.
In particular, the website of the bookmaker Bet9ja.com is on the third line of the rating, behind only Google and YouTube. At the same time, the online bookmaker is ahead of such resources like Yahoo, Facebook in popularity.
On the 17th position is another bookmaker site - Bet9ja2. The top 50 also includes 1xbet online betting companies.
In addition, the ranking includes information resources providing statistics for sports betting: Livescore.com (21st place), 9jaflaver.com (25th place), and Goal.com (49th place).
The company is owned by Betway Limited, a gambling brand since 2006, with a registered office in Malta.
The operator is engaged in intensive sponsorship activities, acting as a partner in a number of sports and e-sports clubs. In particular, Betway was a partner of Manchester City. It is regulated by the local Gambling Commission and internationally by the Maltese Gambling Authority in the UK. Also, BC has regional licenses in Italy, Spain, Sweden, Denmark, Mexico, Ireland, South Africa.
The strong points of Betway are the abundance of offers for gambling lovers, convenient surfing on the site, and very detailed coverage of e-sports.
The weaknesses include high marginality and possible reductions in highs for profitable players.
Bet365 is a proven brand that has been in the betting market since 2000. The bookmaker offers to bet on sports online, as well as evaluate your strengths in other sections.
The strengths of bet365 are a clear separation of markets, a user-friendly website, and a wide line in prematch and live.
Weaknesses include a relatively high margin and a weak choice of payment systems.
The company is popular among both amateurs and pros.
Bet9ja is the best betting site in Nigeria, and while it lacks an international client base, it is still in the lead in its region. Despite the fact that the site has access to an online casino, the operator owes its excellent reputation primarily to its bookmaker section, which presents a large number of markets, especially when it comes to live bets.
Bet9ja bookmaker was founded in 2013 and had valid gambling licenses from the State Lottery Board of Lagos and Osun State. Thus, the bookmaker quite officially conducts its activities throughout Nigeria, but at the same time, clients from other countries are not currently accepted.
The company was founded in 2007 in Russia. It has created one of the most recognizable brands in the world market in a short period of time. Operates under license from Curacao No. 1668.
The operator is engaged in intensive sponsorship and marketing activities and has won numerous awards. In addition to the international version (.com), 1xbet also works legally in certain markets, particularly in Nigeria.
The strengths of 1xBet are low margin, an extensive selection of events with a variable list, bonuses, and an abundance of special offers like a tote.
The weaknesses include long surfing through the pages of the main site, explained by an overloaded interface.
22BET was founded in 2017. They use the software of the famous bookmaker 1XBET. Accordingly, the line contains many events with a high-quality list and high odds.
22Bet BK offers sports betting, live sports betting, slot machines, casinos, and virtual sports. In addition to the enormous variety of games, sports, and markets, you can find some results, real-time results, and useful statistics.
22Bet bookie offers a wide range of sports that more or less compensate for some of the above problems. They cover a total of 27, which includes the most important sports, such as football, tennis, golf, rugby, boxing, basketball, and volleyball. They also have a few more niche sports, which is always an advantage for those deeply interested in less mainstream destinations.
Many players give preference to bookmakers, which promise additional bonuses for fulfilling simple conditions. The offered bonuses and promotions indicate not only the bookmaker's stability but are also a sign of respect for their fans. Recently, not many bookmakers have been able to truly intrigue players. Some people do it. Usually, attractive bonuses are found in leading bookmakers, which have been popular for many years.
Bonuses in the bookmaker's office cannot be called a decisive factor by which one should choose a site for regular sports betting in Nigeria. They need to be seen in the context of an additional incentive and a pleasant advantage in relation to other bookmakers.
Registration bonus is the most popular type of bonuses, which can be found on almost all betting sites in Nigeria. An incentive is provided in the form of a welcome bonus for registering with the bookmaker.
Subsequent top-ups. The bottom line remains the same - replenishment of the account brings additional reward. The only difference is that players who bet irregularly can get the bonus.
Advance rate. A rare case, but some bookmakers offer a kind of "loans". When a player wants to place a bet, but there are boring zeros on balance, the bookmaker credits the client with additional funds for one bet.
Freebet. A bonus that is often offered on the eve of the start of major competitions (continental and world championships, Olympic Games, individual championships, etc.). The allocated funds can only be used in bets on specific events.
Express. You can place a free express bet only in a few bookmakers. Basically, such offers are received by players who have shown an excellent streak for a certain period or who have bets with increased odds.
When bonuses are credited to the main or separate account, this does not mean that the player can immediately use them at will. There are a number of prescribed conditions that are drawn up individually in each bookmaker's office. Often, this is a certain period of time for a bet, predictions for events of specific competitions with established limits for the minimum odds, and other criteria.
Even before the registration stage at the office, you can find out all the methods of crediting funds in order to understand whether they are acceptable for you.
Almost every bookmaker has a section where it is indicated how a player can fund his account. If you have not found such a section, then you should contact the office operator and ask him a question about the method by which you would like to replenish your account.
An important issue is a time when funds are credited to the account.
It depends both on the bookmaker's office and on the method of enrollment. Now, in most cases, funds are credited instantly, but with certain methods, the bookmaker cannot replenish the account promptly. For example, when you deposit money into an account using a bank transfer, they arrive at the office only after a few days and only then reach your account. It is better to use alternative ways to replenish your account with bank cards: electronic wallets (Webmoney, Skrill), cryptocurrency (Bitcoin, Ethereum, Dash, Litecoin), and electronic payment systems (ePayments).
Choosing a bookmaker to conclude sports deals is an important event that needs to be given a lot of close attention. The criterion for selecting a bookmaker from the general mass includes the factor of providing opportunities to use different payment systems. This is necessary so that transactions are carried out quickly and with minimal losses for forecasters. Each option has its own nuances that need to be considered and compared.
Leading bookmakers do not limit their fans in choosing a payment system. This allows bettors to replenish accounts and transfer winnings in convenient ways. They will allow you to save interest on financial transactions.
The most commonly offered transaction options are:
A number of bookmakers accept top-ups through mobile operators. There are also post terminals. But not all of them will allow you to make deposits to all bookmakers.
The site footballbettingsites.com.ng brings to your attention a rating of the best bookmakers that accept sports bets on the Internet. Each bookmaker has an impeccable reputation among professional betters and offers excellent bet lines, convenient means of depositing and withdrawing money, interesting promotions and bonuses, and round-the-clock support. The list includes only proven and reliable betting sites in Nigeria.
Receiving constant complaints from players about unscrupulous bookmakers, the site managers decided to create the best rating of top betting sites in Nigeria. The requirements for online bookmakers are usually different for novice players and experienced bettors. In particular, for a professional, loyalty to regularly winning players and high betting limits are extremely important, while beginners pay more attention to the convenience of the interface and the availability of bonuses, so the rating of bookmakers at footballbettingsites.com.ng is a universal solution and will suit every player.
The main criteria for ranking bookmakers:
It is important to remember that there are no perfect bookmakers. One offers a wide range but small ratios. Another company does not withdraw money to electronic payment systems. In the third, the strong side is the prematch line, and in live, some flaws are possible. There is a difference in odds, even for the same match. Experienced betters prefer to register with several bookmakers and place bets, depending on the offers for a particular game.
Key facts about betting in Nigeria
In Nigeria, young people who closely follow their favorite teams and want to make predictions can now do so on the go!
The growing sports betting market in Niger has recently shown significant growth and is valued at approximately $ 2 billion. This includes both bookmakers and betting sites. Since the country relies heavily on mobile banking and does business primarily with mobile phones, it should come as no surprise that smartphones account for over 80% of Internet betting users.
According to studies, more than 60 million people participate in bets, most of whom are in the 18-40 age group.
The most popular sports betting in Nigeria remains football.
Nigeria is truly the most populous country in Africa. As such, it is the largest market to become the African market with the greatest potential for online betting, and it continues to grow.
The FAQ section was created for beginners and contains frequently asked questions about bookmaker companies, bookmaker games, payment systems - and answers to them.
You can choose among various payment methods at bookmakers: