Nairabet

Nairabet

Lagos State Lotteries Board license

Nairabet was founded back in 2009 and was the first African sportsbook to operate in Nigeria. There are 25+ sports available on NairaBET, and an extensive range of betting markets throughout. Also, there is a casino and live casino, but the games and tables are limited.

Reviewed by James Mwaura
Last updated: 02/05/2024
Why trust our reviews?

At BettingGuide.com, we pride ourselves on our expertise and knowledge of gambling sites and the whole Nigerian gambling industry. Our team of experts produce impartial and informed reviews, giving you all the necessary information to make an informed decision when choosing a legal operator.

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A Complete Review of Nairabet Nigeria (2024)

To this day, Nairabet is regarded as a trailblazing bookmaker for its 2009 debut in Nigeria as the first African sportsbook to do so. Nigerian bettors can place bets on more than 25 sports, including football, basketball, baseball, etc. 

Nairabet is a legitimate online betting site. With a National Lottery Regulatory Commission license valid through April 16, 2023, and a Lagos State Lottery Board license for online betting, this betting firm goes by Over The Top Entertainment Ltd. The Association of Nigerian Bookmakers is a key member of this bookmaker firm. 

Sports Available

Nairabet has more than 25 sports to choose from, including football, floorball, tennis, darts, and a wide variety of markets to choose from. Football betting, on the other hand, makes things even more exciting.

Major and minor leagues and most of the African contests are available here, all with a payout percentage of 98.1 %. Asian Handicaps, goal, and corner totals are just a few of the betting options available. Nairabet's "Edit your bets" function is yet another noteworthy feature. Even after submitting your accumulator bets, you can amend and change them.

Depth in Betting Markets

On Nairabet, you can place a single wager, an accumulator wager, or a system wager. You can make a wager on any of them at any time. Singles make up an accumulator bet, while systems are composed of accumulations of single components. You can bet live or pre-match.

Have no idea what to do? Consider using the "Expert bet" function! You choose four parameters, and this one automatically builds a bet for you based on them: betting budget, desired return on investment, the desired odds range, and desired sporting events are all factors to consider.

Nairabet has a wide variety of soccer betting markets, and we wanted to show them off. It's ridiculous that they charge so much money for a simple football game. Full-time, first- and second-half wagers, goals, handicaps, and many other metrics, such as corners and other options.

When it comes to betting on football, Nairabet's primary markets include:

  • 1x2
  • Over-under goal totals
  • Both teams to score
  • Double chance
  • Draw no bet
  • European 3-way handicaps

In addition, you may wager on 15-minute portions of the game, guess who will score the first and last goal, who will win a race to 2 or 3 goals, and many more options are available. You can bet on basketball, tennis, and various other sports at Nairabet.com.

Bet Builder and Cashout Options

NairaBet, like the majority of well-known bookmakers, allows bettors to cash out their winnings. You can take a percentage of your winnings before the bet is over. You could win more or less than the stake you put in, depending on when and how much you decide to cash out and the current odds of you winning.

If you have placed an accumulator wager on pre-match picks with NairaBet and believe that one team will ruin your chances of winning, you can cash out your bet.

It's also possible to design your MegaCombo Bet at NairaBet. NairaBet's tool will produce several different bets that you can combine into a MegaCombo Bet if you choose the name of a team to bet on. Two picks are required to make a MegaCombo Bet.

Promotions

Bonuses and promotions at Nairabet are a fraction of those offered by the world's most popular online bookmakers, but that's true of many sportsbooks in Africa. Nairabet, for example, does not offer a sign-up bonus, which is typically a first deposit bonus or a signup free bet, as is the norm.

However, with Nairabet, you can make money online by taking advantage of limited-time promotional offers, like Nairabet promo codes, which you can give out to gamblers.

One Game Cut Promotion

Nairabet can partially or fully refund your stake if your accumulator loses just one game, thanks to this Nairabet One Game Cut promo. You should note that this is a limited-time betting offer. As an illustration, suppose you placed a multi bet of six games, and all but one of the options won.

For example, the Goalless Draw Promo offers free bets in the form of a money-back guarantee. To take advantage of these promotional betting offers, you must usually place an Acca bet on at least five different events.

The best way to win at Nairabet without putting your money at risk is to use free bets.

Virtual sports 

Nigerians are increasingly wagering on virtual sports, and NairaBet has one of the best virtual sports sections.

In addition to horse racing and dog racing, NairaBet also offers virtual variants of the European Championships, including football and tennis.

Compared to the 90-minute duration of a real football match, virtual sports matches typically last between two and three minutes. When it comes to virtual sports betting, you'll know the outcome of your wagers in seconds! You can finish a league in just a few hours!

There is no live betting option in virtual sports, so pre-game wagering is the only option.

A good example of this is the Virtual Football League. A countdown timer lets you know how much time you have left to place your bets while you watch the current live match on the screen.

In the Virtual Football League, you can wager on match results, halftime results, goals, and handicaps, all standard options in football betting.

Like those in real football betting, predictions in virtual football are guided by statistics, so be sure to consult them before placing your wagers. Dog racing, horse racing, and tennis are examples of virtual sports that follow the same rules.

Nairabet Casino Section

NairaBet has some decent Casino options, but this is by no means its strongest suit. Due to online casino games being less popular in Nigeria than sports betting, this is understandable.

NairaBet's selection of casino games is significantly smaller than its competitors, such as Betway and Bet9ja, which offer more than 100.

In addition to slot games, NairaBet offers Scratch Cards, Instant Win, and Kema and Bingo options. Popular table games like Blackjack, Roulette, and Baccarat are conspicuously absent, as is a live casino.

Casino games are available in free play mode, so you can play for fun and learn about the games before diving headlong into real money gambling.

NairaBet needs to improve its online casino offerings to remain a viable option in Nigeria.

Nairabet Games Providers

Although there is a limited selection of games available, you will still have fun participating in them, thanks to Nairabet Casino. The bookmaker works closely with a number of different providers, and those relationships are reflected in the casino games that Nairabet offers. In point of fact, Nairabet collaborates with one of the most prestigious producers of casino games in the world. The likes of:

  • Microgaming
  • Netent
  • PariPlay

The Nairabet VIP Program

There is not currently a VIP Program or Loyalty Program available on NairaBet. Expect NairaBet to work on this and offer a VIP Program or a Loyalty Program in the near future if you are a customer who has been with NairaBet for a significant amount of time or who is willing to pay more for additional perks.

When it comes to their additional services, such as Poker and Casino, there are no VIP tiers and no loyalty points to be earned.

Nairabet Mobile Options/apps for Android/iOS 

A mobile app for Nairabet would make sense, given the rise of smartphones and tablets in recent years. The guide looks at this to see what apps you can get and how to use them effectively.

Nairabet Android App

Currently, Nairabet provides an Android app that you may use. Players can download the software for free from the app store. If you're unsure how to proceed, we've provided a brief tutorial below.

  • On your Android phone or tablet, visit the Nairbet website.
  • You can find the app download button at the bottom of the homepage if you scroll down.
  • Click the "Android App" link at the bottom footer to begin the procedure.
  • You will be able to download the app directly to your phone or tablet from this page. Simply open the file and follow the onscreen instructions to complete the installation.

Nairabet iOS App

There is no iOS app available for Nairabet at this time. This does not rule out the possibility of using Nairbet via an iOS device, though. To access the sportsbook on the go, you need to utilize your mobile device's browser. All of the significant features of the desktop version are still available on the mobile version.

Nairabet Mobile Site Version

Lite and full versions of the Nairabet mobile website are both available. While browsing on a desktop computer, the "normal" version is what you'll see.

Faster loading of pages and odds makes the Nairabet lite version ideal for mobile devices. The lite version is designed to be more user-friendly, so even individuals with slower internet connections can take advantage of it

Because the lite version is similarly responsive, it is easier to modify the mobile version to different device screens. You should easily navigate the website's various sections and categories.

How to Join Nairabet

Nairabet's signup process is straightforward for the majority of users. The registration process on Nairabet should be straightforward, even if you've never done it before. So, how do you get started? Here's how. 

  • Once you're on the Nairabet website, look for the "register" button.
  • The signup form can be accessed by clicking this button on the same website.
  • You'll need to fill out several fields on this form. You can sign up via email or SMS in this situation. Regardless of your decision, you will be required to provide your personal information to proceed.
  • Once you have completed the registration form, click the "register" button. Depending on the mode of registration you selected, additional account activation information will be sent to your cell phone or email;

The terms and conditions of opening an account at this sportsbook are likely something you'll have to review before signing up. People's accounts can be closed if they repeatedly violate these terms and conditions, so check the T&C section before signing up. 

How to Deposit Money

There’re several options you can use to fund your Nairabet online account. In your deposit slip, write "NairaBet" as the account name and your NairaBet account ID as the number.

You can also use an ATM to deposit money into your NairaBet account. As long as you have your ATM card and PIN handy, you'll be able to withdraw money in no time. Quickteller or Pay Bill are the next two options you will have to consider.

You may have to select "Fund Wallet" at some ATMs. "Fund GT Wallet" and "Fund Other Wallets" are the options available when you do so. To see a list of merchants, select the second option and then "Others." Next, you'll need to input the deposit amount and the code linked with the amount you'd like to deposit.

Your NairaBet customer ID is the final piece of the puzzle. You will see the money in your NairaBet account once you've finished the process.

To put money into your NairaBet account, you can utilize any of the following methods:

  • Visa
  • Verve
  • MasterCard
  • Interswitch
  • GTBank

There are a number of banks in Nigeria where you can deposit money directly into your Nairabet account.

  • Sterling Bank
  • UBA (United Bank of Africa)
  • FCMB (First City Monument Bank)
  • First Bank
  • Stanbic IBTC
  • Fidelity Bank
  • Access Bank

How to Verify Your Account

Activating your Nairabet account is simple, even though many users wonder how to accomplish it. First, depending on how you choose to sign up for Nairabet, you must validate your email address or telephone number during the registration process.

To use all of the functions of Nairabet's payout system, you must first authenticate your account online or via a mobile phone.

There are two methods, both of which need the verification of a Nairabet bank account:

  1. To deposit funds at Nairabet, you’ll provide the bank account number. From a selection of over 20 Nigerian financial institutions, pick a bank, select an account type (current or savings), and then enter your account number. So, there's that.
  2. Your bank verification number (BVN) is required. The opposite is true.
  3. You must have the same name in your bank and the Nairabet database

Nairabet customer service may contact you once you've completed your identity verification, either way, to ask for additional information and provide instructions on how to play Nairabet on the internet, deposit and withdraw, and cash out. The entire process usually takes up to one working day. However, they do work on weekends on occasion.

Please fill out the validation form that will appear in your profile:

  • The first and last names
  • Toll-free telephone numbers for cellphones if not given during your sign up
  • Messages can be sent by email if not given during your sign up
  • Address, city, and postal code
  • Birthdate

The firm requires Nairabet account verification and identity verification to ensure that you are an adult who is eligible to make a Nairabet deposit and that no fraud is taking place.

How to Withdraw Money From Your Nairabet Account

Here's a quick rundown of how to withdraw money from your account:

  • Go to your account's "Withdraw" section.
  • Choose from a selection of more than two dozen banks.
  • You must enter your bank account number in this field.
  • Choose between a checking and a savings account.
  • Select "Payout" and enter the amount you want to be withdrawn.

To withdraw your winnings at NairaBet.com, you must first log into your account, then click on the "Withdraw" button. Click on the "Make Withdrawal" option to complete the transaction.

The online bookmaker processes payout requests within one business day. You can take out N1000 to N500,000 at a time. You can withdraw all of your profits from your Nairabet account.

You can't get your money back if you've never used it. As a rule, you can only withdraw your earnings from it if you utilize it to place bets.

Frequently Asked Questions

Akin Alabi, a Nigerian Businessman, owns Nairabet. The brand is run and operated by a Nigerian company called Over the Top Entertainment.

Nairabet was founded in 2009; it was the first company to launch a fully functional website. Deposit money, place bets and cash out at this online betting site.

You can fund your Nairabet account by clicking on the ‘Deposit’ button after signing up for an account. Only then can you place a bet with Nairabet.

Yes. Nairabet has a dedicated app for Android users that can be downloaded from the official Nairabet website. The app allows you to bet while on the go, and you only need to have a stable internet connection. Since iOS users can't access the app, you can use the mobile version, which is as good as the PC version.

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