Lagos State Lotteries Board license

Betking is an international gambling company that has been around since 2018 and holds valid gambling licenses to legally offer their products in Nigeria. Players can get access to a complete gambling product with high odds across 40+ sports.

Reviewed by James Mwaura
Last updated: 03/05/2024
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Betking Nigeria Review (2024)

Online sports betting has over the last 10 years gained significant traction and a fanbase in Africa. This has not happened as a miracle or voodoo, but through the impact, it has created a new generation of punters.

The convenience, accessibility and high rewards involved have all worked to the advantage of sports betting companies- with the pioneers of the industry making considerable income from the activity, without limiting the entry of newbies. In this review, we will tell you all about Betking, its entry into the Nigerian market and why you should consider it as your betting partner. We will tell you the best odds available, the bonuses and how to register, stake, deposit and withdraw. 

About Betking

Betking was founded by SV Gaming Limited in February 2018 by a sports enthusiasts and entrepreneurs Adekunle Adeniji and Byron Petzer. The co-founders entered the betting market with a mission- to make online sports betting fun and introduce ethical betting that is consistent and meets the needs of punters.

With these in mind, Betking has revolutionized the betting industry by ensuring that sports can be entertained and at the same time be involved in responsible betting. Betking is accredited by the National Lotteries Board and holds licenses from Anambra State Gaming Company, Lagos State Lotteries Board and the Osun State Government.


Betking entered the market and took it by storm by virtue of the wide market options it provides. From soccer to basketball, golf to tennis, cycling to boxing- name it and you will find it right there in Betking. The over 20 categories are further broken down into specific activities that cover almost everything that you may want to stake in.

The live betting section is another brilliant idea that covers soccer, basketball, handball, volleyball and tennis. This variety leaves most bookies with options on where to place their bets. To cap it all, the virtual tab allows bookmakers to play and enjoy online games and even win.  

Virtual Sports and Games

Virtue sports continue to gain traction among Nigerians, and Betking gives you an excellent option to play virtually. The “Kings League” football league is available for 7 days, for the whole year.

You could also play Keno, Spin 2 Win, and Color-Color games virtually in addition to dog racing. to play virtually, go to the top of the Betking website, click on “virtuals” and you will be redirected to all the available virtual games pages.

Type of Bets available on Betking 

On top of the traditional bets offered by the existing sportsbook companies, Betking offers other bets that include 1x2, Totals (Over/Under), Moneyline, Proposition Bets, Futures and Asian Handicap. More information on how to play these is available on 

Signing up on Betking

On your browser, go to and you will be directed to the homepage. On the top right corner, click join. Enter your name, email address, and phone number and provide a password. Submit the information by confirming that it's accurate. A confirmation message and link will be sent to your screen and email respectively. Confirm your email address by clicking on the link. Enter the email address and you are ready to join the kingdom and start enjoying royal treats and wins!

Depositing money in your account 

There are over 20 ways through which you can deposit money to your Betking account. You could use any of the following ways, and the subsequent procedure below.

Direct bank deposit

You could do a direct bank deposit in any of the following bank Zenith, Keystone, Heritage Bank, Eco Bank, Citi Bank, Access Bank, Wema Bank, Unity Bank, Sterling Bank, UBA, Union, Stanbic, Skye Bank, Keystone, GTB, FCMB, First Bank or Fidelity. The procedure is as follows;

  1. Fill in s deposit slip at the bank of your choice. Do not fill in the Account number
  2. Fill in your user ID as the 6 digit reference number, that is found at the top right of Betking website
  3. Enter the amount that you wish to deposit
  4. Proceed to the teller and tell them you want to deposit for Betking through Paydirect
  5. Collect the deposit slip and check your account to confirm that the amount has been credited

Note that the minimum amount you can deposit is N100, and the maximum deposit amount is N10,000,000 via Paydirect.


  1. Select Paystack as your preferred deposit method
  2. Enter the deposit amount
  3. Select your deposit option (card/bank)
  4. Click the “accept” button.
  5. Enter your bank account/card details.
  6. Double-check your details to make sure you have entered the correct details such as the amount etc.
  7. Complete your request and receive funding immediately.

QuickTeller ATM

  1. Go to a QuickTeller/Interswitch enabled ATM, insert your card and enter your PIN
  2. Select “Pay Bills” or “QuickTeller” depending on the ATM card you are using.
  3. Choose your account type (savings or checking account, dependent on the ATM card)
  4. Enter “Merchant code” as 04314801
  5. Enter your Customer Reference/User ID (the 6-digit user ID, found at the top right corner of the Betking website when you log in to your account.
  6. Enter the amount you want to credit your account with
  7. Enter your telephone number and click “proceed”.
  8. Wait for a text message confirming that the transaction was successful

Zenith Bank 

When it comes to Zenith Bank, there are several ways how to deposit in your Betking account.

  1. USSD (*966#)
  2. Dial *966*6*7842# on your mobile phone (The phone number on that device you’ve dialed should be the same as that one registered with your Zenith Bank account.
  3. Enter your 6- digit user Betking ID 
  4. Insert the amount you wish to deposit in your betting account with
  5. Enter your account pin and proceed to make the payment and wait for a notification.
  6. A text notification will be sent to your phone if your deposit is successful.

Note that in some instances it may take up to 24 hours for your wallet to get acknowledged. The minimum deposit is N100, and the maximum deposit is N1,000,000 (one million). The deposit fee is capped at N100.

Zenith Bank Mobile Transfer (XPATH)

  1. Log in to your Zenith Banking phone App or use the Internet Banking option
  2. Click the 'Menu' Button
  3. Choose the 'Payment and Collection' option
  4. Go to the 'Gaming/Lottery' category
  5. Select the biller as Betking
  6. input the amount you wish to deposit 
  7. Enter your User ID and click 'Continue' and wait for your account to be credited. 

The transaction fee is N100, and you can deposit a minimum of N100 and a maximum of N3,000,000.

Zenith Bank Branch Deposit

Go to any Zenith Bank branch to deposit money from your personal account into your Betking account. You can deposit to SV Gaming Ltd (Betking) with a Bank cheque from Zenith or by using the fund's transfer form.

Fill in the Betking deposit slip by providing the required details as follows:

  1. Account Name: Betking
  2. Account Number: 1130076192 
  3. User ID: Enter your Betking User ID at the top corner of the deposit slip as displayed
  4. Depositor’s name: Your Full name
  5. Depositor’s phone number: Your mobile phone number
  6. Amount: Amount you plan to deposit.
  7. Cheque number: Enter the Zenith cheque number if paying with your personal cheque. 

The maximum deposit amount is N10,000,000 while the minimum deposit is N100. The transaction fees are N100.

Polaris Collect 

  1. Go to a Polaris branch and fill in the deposit slip or a cheque, and if requested provide your account number
  2. Enter your User ID. 
  3. Enter the amount you want to deposit or transfer in favour of SV Gaming or Betking 
  4. Tell the teller you wish to deposit to SV Gaming or Betking, and inform them that the mode you will deposit through is Polaris Collect 
  5. Enter the account as SV Gaming or Betking 
  6. Immediately deposit is made, your account will be credited

The maximum deposit amount is N10,000,000 while the minimum deposit is N100, and the fees charged for that transaction is N50.

Interswitch WebPay

Interswitch WebPay is one of the best ways you could use to deposit to your Betking account, as there are no transaction fees charged. Use these simple steps to credit your account;

  1. Key in the amount you want to deposit. Note that the Limit is N100,00 Per Card, per day.
  2. Once you are redirected to the Web Pay page, enter your card details and Click on Pay 
  3. Follow the Instructions (Enter your OTP) When complete, your account will be credited immediately 

The maximum deposit amount is N1,000,000 while the minimum deposit amount is N50.

QuickTeller Web

  1. Go to
  2. Input your user ID, email and your telephone number
  3. An automatic prompt will be returned with your details, confirm they are correct
  4. Update your card details and click “PAY”
  5. A receipt will be displayed, and a confirmation email will be sent to you. Your account will have funds for you to bet with.

OPay App

  • Go to the Opay App on your phone and click on the betting icon on the website
  • Click “Biller” to select Betking 
  • Enter User ID and select how much you wish to deposit
  • Click the green arrow on the side to confirm payment particulars
  • Click “Pay Now” to fund your Betking Account.


UBA allows users to deposit through the following ways

1. UBA Internet Banking- Login to your account, go to Bills and Payments, enter your personal details, authorize to receive the OPT and submit to conclude. The minimum deposit is N50 and the fees charged is N100.

2. UBA USSD- Dial *919*26*Amount# on your listed mobile number with UBA and follow the prompts. The minimum deposit is N50, and the fees charged is N20.

3. Uba In-Branch Collections- Go to any UBA branch and fill in the deposit slip with your details. Tell the bank teller that you wish to deposit via the UBA channel, provide all the details and wait for your account to be credited. The minimum deposit is N50 and the fees charged is N100. The maximum amount of money you could deposit is N10,000,000.

Margins and sign-up bonuses

We can all agree that the sign-up bonus and margins offered by a bookmarker plays a significant role in deciding where one will place their bets. Upon registration, Betking offers a bonus of up to ₦100,000 as an enticement for new clients. And where you stake between 5- 40 selections, you may receive up to 225% accumulation in winnings. 

Another interesting fact about Betking is that they have one of the best margins in selected sports in Africa. For instance, the bookmarker offers a margin of 6.82% in Hockey, 8.32% in Volleyball and 3.86% in Football. The overall betting margin of 6.1% is one of the highest in Nigeria. 

Unique features in Betking

Special bets exist on Betking, where higher odds on selected matches are given to bookies on a daily basis. To access the special bets, navigate through the matches that have been selected or the day and choose the one that is most appealing to you. 

The Rebet feature allows punters to swiftly reload open an existing bet and place that bet again, but now with an option of combining another selection, either by adding or removing the previously staked events. In essence, the feature allows you to remain optimistic about winning even after losing the first match! How cool is that?

How to use Rebet

  1. Login to your Betking account and go to “my account”
  2. On the left side of the page, select “Bet search”
  3. Either select from the list of bets or enter the coupon code you wish to rebet
  4. On the populated list of bets, click “Rebet” at the extreme right and reorganise your bets.

Withdrawing from Betking

The process of withdrawing is pretty much straightforward, unlike the complex deposit process. Simply log in to your account and go to My Account. Navigate to Withdrawal, found under your profile menu. Enter the 10-digit account number and select your bank from the drop-down list. Input how much money you want to withdraw and confirm by clicking Accept. Wait for a confirmation message that your account has been credited. 

It is important to note that you can only withdraw through a bank transfer. There are no withdrawal charges or maximum amount to start, the minimum amount to withdraw is N100 and it takes up to 24 hours to have the funds credited to your account.

Does Betking have mobile applications?

Currently, there are no mobile betting apps for both android and iOS users for Betking. However, an optimized mobile version webpage is available that is comprehensive and elaborate enough to make up for the lack of the mobile app.

To access it, simply click and you will be able to navigate the mobile site. The mobile version can be accessed by any mobile phone, and it’s easy to use.


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