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What to Know if You Want to Bet Online on Sports in Nigeria

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The Nigerian sports betting industry is worth approximately $2 billion, with revenues increasing year on year. With the average levels of disposable income increasing in the last few years, in addition to the growing population, analysts predict that sports betting will become a powerhouse industry on the continent.

Perhaps one of the biggest driving factors, however, is the rise of online betting and wider access to high-speed internet connections. Nigerians are now increasingly turning to their smartphones to place a sports bet, and it’s proving to be a popular alternative to the traditional bookmaker.

If you’re one of the new players on the online sports betting scene, things may be a little bit confusing. In this quickfire guide, we’ll go over everything you need to know if you want to bet on sports in Nigeria.

Finding the Right Betting Website

The first step is to find a company to place your bets with. It’s not just about doing a simple Google search. Not every betting company is created equal, and some can be a little scammy.

They can be slow to pay out, and they will happily take your money but they’ll ask you for your grandma’s birth certificate when it’s time to cash out (okay, slight exaggeration there!)

When you’re a newbie, your best bet is to stick to an established brand in the betting industry. This ensures your money is safe at both deposit and withdrawal, that they won’t give you issues when it’s time to pay out, and that the games and set odds are fair.

Once you have a little more experience in betting online, you can spread your net a little wider. Just remember to always do your due diligence whenever you sign up with a new company.

But Wait, Is it Legal?

In short, yes, online sports gambling is legal. There is an absence of clear legal regulations when it comes to offshore providers, which means it is safe for gamblers to use a wide range of companies without fear of prosecution. The only thing you have to worry about is finding the right provider.

Of course, it always pays to stay abreast of the latest changes in regulation. In Nigeria, the National Lottery Regulatory Commission regulates all forms of gambling activity in the country. Since the National Lottery was legalized in 2005, Nigeria is increasingly becoming a major player in the industry.

Join the Bonus Hunters

One of the main advantages of gambling online is that the bonuses are just far juicier. Brick-and-mortar businesses have huge overheads, with rent being a major dent in their revenues.

This means that online companies are in a better position to offer players bonuses to sign up. It’s also due to the sheer amount of competition; companies are fighting to get you to join them.

Use this to your advantage. Hop from provider to provider, taking advantage of the offers they make available to new players. Remember, the best offers are for new sign-ups, so don’t waste them with a haphazard betting strategy. Most people do this, which is why companies can still offer them without incurring huge losses.

Another thing you need to do is watch for bonuses for existing players. When you first sign up for your account, ensure you click that tickbox for marketing material. One strategy is to create a new email address specifically for this purpose, allowing you to manage your offers effectively (and it also won’t clog your usual email address!).

Shop Around

Gamblers are often creators of habit and convenience. Once they find an online bookie that theyre comfortable with, they tend to stick with them. Its easy to load up the app on a smartphone and place a bet; why go through the hassle of signing up for a new one? Not only that, learning a new interface is just annoying.

But despite all of that, were going to emphasize this: shop around. Its not just about the bonuses (although this is a big advantage), but also about the odds. And this is where it really makes a difference, especially if youre a frequent bettor.

You may find that one company will offer significantly better odds for one result compared to another bookie. The Naira amount may be small for every individual bet, but over time, that builds up.

Have Fun!

And finally, just remember to keep things fun. If you want to place a cheeky bet with your friends, do it. Enjoy sports betting for what it is for most people, a hobby thats enjoyable.

Dont bet more than you can lose and be realistic with yourself. When its time to walk away, do it. There will always be another opportunity to place a bet on another game.

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