Betway Nigeria Review - Is Its Safe or a Scam? (2024)
Betway is a well-known bookmaker which launched its Nigeria sportsbook in 2021. In addition to a very comprehensive product, with many sports and low betting margins, Betway offers decent promotions as well. Some might still have questions about the bookie, though, and in this review we will answer those.
Betway offers
Expert Opinion: Betway's Overall Score
| Bonus | 6 |
|---|---|
| Sports betting offer | 9 |
| Customer support | 9 |
| Payment methods | 9 |
| Licensing safety | 10 |
| Design & usability | 8 |
| Overall | 8 |
It's safe to say that Betway is one of the best gambling sites around in Nigeria, offering a very comprehensive sportsbook with many sports, a bet builder, low betting margins and a great depth of markets. The data-free feature in the app is another great touch and punters who sign up on the site will surely not be disappointed.
Having said that, although Betway is a brilliant sportsbook in our opinion, there is still room for improvement. We have seen some of the competitors offering more promotions and given how Betway has handled that in other markets, the number of promotions is bound to increase in Nigeria as well.
Betway Nigeria Key Facts
| ⚽ Football Coverage (PL game) | 200+ markets |
|---|---|
| 🏇 Horse Racing Coverage | UK + International meetings |
| 📊 Betting Margins (Average) | 5.1% |
| 👷 Bet Builder | ✅ |
| 📱 Mobile App | ✅ |
| 💰 Minimum Deposit | ₦100 |
| ⏱️ Fastest Withdrawal Method | 1-2 business days (all methods) |
| 👉 Visit Site | Join Betway |
About Betway
Betway is known as one of the biggest bookmakers in the world and punters in several countries can now place bets on the sportsbook. Following its success in the UK and several other countries, Betway launched its Nigeria product in 2021. Since then, the bookmaker has gone from strength to strength in this market.
In addition to sponsorships with the Premier League football clubs Arsenal and West Ham, both of which have a good following in Nigeria, Betway has partnered up with the likes of Brighton and Eintracht Frankfurt to increase its visibility even more.
Betway is one of the biggest betting sites in Nigeria, in other words, one can certainly understand why with a great betting product on offer. However, some punters might still have questions about the site. In this review, we will look at everything you need to know about Betway, so that you can make an informed decision about whether to sign up or not.
Is Betway Safe?
In Nigeria, Betway is licensed and regulated by the Lagos State Government of Nigeria under license number 003504. This should be enough to ensure people that Betway is a very safe and secure company to use for online sports betting in the country.
However, in the UK, Betway has sometimes fallen foul of industry rules and regulations. In 2020, the company was hit with a fine of £11.6 million - which set a new record - due to the betting company's failings in customer protection and anti-money laundering checks. This was mainly related to the 'VIP' program though, and as there is no such thing at Betway Nigeria, there does not have to be any major cause for concern.
Betway Offers and Promotions
Betway used to offer a bonus for new customers of up to ₦100,000 on the first deposit. However, this offer is nowhere to be seen right now and that is a bit disappointing. The site usually does very well on the promotions front in other markets but this is not really the case in Nigeria. On the site, a few offers are highlighted but in an unusual way, with no real marketing for these.
Free bets on Fridays and super boosted odds on Saturdays are still a thing, which is at least something, but Betway has put other promotions on hold and it remains to be seen how it will look in the future. Compared to an operator like betBonanza, the difference is actually rather significant so it might be worth checking out that site instead.
Betway Payment Methods
Customers who sign up at Betway in Nigeria will find there is a decent selection of payment methods to choose between. In the table below, we have collected everything you need to know about deposits and withdrawals at Betway, with everything from the minimum deposit to the withdrawal time.
| Payment method | Min limit | Max limit | Exchange fee | Proccessing time |
|---|---|---|---|---|
Mastercard
| ₦100 | Not specified | No fee | Instant |
VISA
| ₦100 | Not specified | No fee | Instant |
Bank Transfer
| ₦100 | Not specified | No fee | Instant |
Paga
| ₦100 | Not specified | No fee | Instant |
Quickteller
| ₦100 | Not specified | No fee | Instant |
Flutterwave
| ₦100 | Not specified | No fee | Instant |
How to Deposit at Betway
- Make sure you are logged in to your account
- Navigate to the 'My Account' tab
- Tap on 'Deposit Funds' in the menu
- Select your preferred deposit method
- Enter the amount and follow the on-screen instructions
How to Withdraw From Betway
- Make sure you are logged in to your account
- Navigate to the 'My Account' tab
- Tap on 'Withdraw Funds' in the menu
- Enter your bank account details
- Enter the amount you would like to withdraw and tap on 'Proceed'
Betway Sportsbook
Given just how big Betway is around the world, you would expect there to be an impressive offering in Nigeria as well. This is indeed the case, as punters who sign up on the site will find that there are around 30 different sports to bet on. The big ones are football, horse racing, cricket and rugby as you would expect, but there are also minor sports such as snooker, table tennis and badminton.
Taking a Premier League game to determine the standard of sportsbook, as this competition is usually a good reference, we found that there were around 200 markets offered for a game. Betway is usually a very good bookie when it comes to market depth and our suspicions were confirmed during the testing. There is also a very comprehensive bet builder, with markets such as player card and player shots, while cash is offered too.
Betway can consider itself one of the best soccer bookies in Nigeria, in other words, but what about the other sports? The horse racing page has sections for both fixed odds and tote betting (pool betting), which was very nice to see, and punters can bet on meetings from all over the world here. The ante-post offering is also fairly comprehensive, which is always a plus.
Indeed, it is probably the best horse racing offering we have seen among bookies in Nigeria but this will not come as a shock to most. During our test of the Betway sportsbook, we also made sure to check the betting margins. This is something that most punters tend to overlook, but excessive fees can make a big difference in the long run. Our test showed an average of 5.1%, which is indeed a great score.
Those who want to bet on esports in Nigeria will find plenty of different options to keep them satisfied at Betway, with games such as Counter-Strike and Dota 2. Virtual sports also have their own section at Betway, with customers in Nigeria able to pick from soccer, racing and horses in this part of the sportsbook.
To wrap up, in-play betting is an area of strength for the Betway sportsbook. The live betting interface is excellent, with users given plenty of information to help them select winning wagers. One drawback of the live betting experience at Betway in Nigeria is the lack of live streaming. In a lot of markets, Betway TV provides brilliant live streaming, but this is not currently the case in Nigeria.
Betway Mobile Betting Apps
Mobile betting is getting very popular in Nigeria and in response to that trend, Betway has developed its own sports betting app that can be used on iOS and Android devices. It is a very functional app that bettors should at least give a go.
All of the features that you can find on the website are present in the app as well and bettors can even turn on notifications for sports events. This is something that the website does not offer, as well as the convenience of just opening the app rather than a browser. On the App Store (iOS) and Google Play Store (Android), the Betway app has a very good rating of 4.4 out of five stars, and we even named it the best betting app in Nigeria.
Those who would rather not download an app to their devices can still use the Betway mobile site. This has a smooth user experience but does not provide the same data-free benefits. The design of the mobile app and Betway mobile site is very similar, so it is easy to switch between the two for those who would like to keep their mobile betting options wide open.
Betway Customer Support
Bettors who sign up at Betway can feel comfortable knowing that there are plenty of customer support options at Betway. Traditional means such as email and telephone are available, with a good response time on these as well, but the most popular option is bound to be the live chat. This is available 24/7 and we found that the response times were fast. Below, we have collected everything about the customer support at Betway.
| Chat | Yes |
|---|---|
| Support@betway.com.ng | |
| Phone | 07000BETWAY (07000238929) |
| Opening hours | 7 Days a week, 24/7 |
How to Get Started at Betway
If you are looking to sign up for an account at Betway, you can follow our step-by-step guide below. We will take you through the registration process and how to make a first deposit:
Create an Account at Betway
First things first, you have to create an account at Betway. You can use our link at the top of this page, or in the bottom banner, which will bring you straight to the registration. During the process, you will have to enter your telephone number as well as personal details such as full name, date of birth and so on.
Make Your First Deposit
After registering an account on the site, you will now have to make a deposit on the site. You will immediately be presented with the option to 'Deposit Now' or 'Deposit Later' after creating your account. If you choose the latter, then you will have to tap on 'My Account' and 'Deposit Funds' to make a deposit.
Start Betting at Betway
Once you have created an account at Betway and deposited at least ₦100 into your account, you can start betting at Betway. We would advise you to download the mobile app, which is the best betting app in Nigeria.
Betway FAQs
Is Betway safe to use?
What is Betway?
How to withdraw money from Betway?
Who is the owner of Betway?
How long does Betway take to pay out?
User Reviews
Average score of 5.0 by 1 users
Ifeanyi Okonkwo
October 18, 2023
Good evening if I want to register with my south Africa number how is possible
James Mwaura Reply
November 1, 2023We are not sure if you can register with Betway Nigeria using a South African phone number. But, we recommend contacting Betway directly using this email "Support@betway.com.ng".
They also have a live chat and a phone number if you prefer.