NairaBet is one of the best sports bookmakers in Nigeria. It began its operations in the country in 2009 and by the end of 2012, it became the most popular betting company with many outlets.
NairaBet offers bettors a smooth betting experience in sports ranging from Football, Tennis, Basketball to Cricket…just to name a few. You’ll find out all about NairaBet in this NairaBet Review 2021.
In return, bettors show their satisfaction with the company by giving them lots of positive feedback.
NairaBet is licensed and regulated by the National Lottery Regulatory Commission.
Is NairaBet available in other countries?
NairaBet is only available in Nigeria, at least for now. and only the Nigeria currency is accepted.
This does not mean they won’t expand to other countries. And if you’re in Nigeria and you want to partner with a reputable betting company, NairaBet might just be the option for you.
How to register and open account on NairaBet
The registration process to opening an account on NairaBet is pretty simple. Once you’re in – NairaBet website – locate the “Register” button at the top right corner and click on it.
Proceed on to the account opening form and choose a username and password, E-mail address, and Mobile Number.
Important Information: NairaBet is only available to Nigerians. Your phone number must be a registered line with a Nigeria telecommunication company. The acceptable currency is Naira.
Now, while you’re opening an account with NairaBet, it is also important to inform you that as at the time of reviewing the betting company, there are no welcome bonuses for anyone opening an account for the first time.
So if welcome bonuses are what you look out for in betting companies, I recommend you read this article. Here you’ll find a lot of betting sites with welcome bonuses.
However, a welcome bonus should not be the only thing you look for. Take time to review all of them before finally putting your money down.
NairaBet comes with lots of freebies and once you complete your registration, you stand a chance to enjoy them.
Finally, click on the “Create Account” button. And you will be redirected to a deposits page.
Recommended reading: Top 12 sports betting sites in Nigeria
NairaBet will send you an email as soon as you have opened an account with them, and a customer representative will call you within 24 hours, to help you get started with the available options at NairaBet.
Note that it’s not necessary that you deposit money into your account at this stage. What you can do is check through the betting market on NairaBet that suit you.
You will receive a call from NairaBet within 24hrs after you open your account and the customer representative will guide you through the available options they have on NairaBet.
How to Deposit and Withdraw on NairaBet
Several methods of depositing money are available to bettors on NairaBet. Once you register and they verify your email address, you will be able to make deposits.
You can choose to deposit money using a Debit card or Credit Card. All you need to do is to enter the amount of money you want to deposit and click on “Fund Your Account” button.
You also have the option of funding your account via another payment option by clicking on the link below the “Fund Your Account” button. You fund your account at any NairaBet outlets close to you, through a direct bank transfer, an ATM Machine, WebPay, PayStack, and a Debit or Credit Card.
NairaBet gives you an option to set a deposit limit if you wish and you can do that by clicking on the “Responsible Betting” option at the bottom left of the page. However, the minimum deposit amount is ₦50 and the minimum withdrawal amount is ₦1,000. The maximum withdrawal amount is ₦500,000.
Note that deposit and withdrawal fees vary among payment options. But irrespective of the deposit and withdrawal options, transactions are processed instantly. Direct bank transfer can take up to a day, which is why many people prefer to use other instant means. If your money is not deposited after 24 hrs, you should contact the customer representatives.
Many people also use the outlets to fund their account. This option is the simple and best alternative if you don’t have a credit card or debit card to fund with.
To fund your account using this means, just walk up to the nearest NairaBet outlet and show the shop representative your customer identification number, including the amount you want to transfer to your NairaBet account.
Note: Do not give your password to anyone, under any circumstances. All you need to give them is your identification number.
To deposit using ATM, visit any nearby ATM with your Customer Identification Number.
Now insert your ATM Card and enter your PIN. Click on the “QUICK TELLER” option. After clicking on the quick teller option, you’ll see a list of merchants on your screen, click on the “others” option to locate other merchants. Enter the merchant code. The merchant’s code depends on the amount you want to deposit. And the codes are as follows:
- ₦1,000 – 04276801
- ₦2,000 – 04276802
- ₦3,000 – 04276803
- ₦4,000 – 04276804
- ₦5,000 – 04276805
- ₦5,000+ – 04276806
Now enter the amount you want to deposit, next enter your customer identification number. And you’re done. Your money will be deposited into your account immediately.
Check our extensive guide to payment options in Nigeria here.
As at the time of reviewing NairaBet, there is no welcome bonus.
Unlike other bookmakers, NairaBet doesn’t offer a welcome bonus. This may be what they need to work on as many first time bettors look for a welcome bonus. It can be quite disappointing to see NairaBet considering all of the features and coupled with the popularity – not to have a welcome bonus for first-time bettors.
The fact that there are no welcome bonuses on NairaBet doesn’t mean there are no other freebies. NairaBet has several promotional offers for bettors and you can win as much as ₦1,000,000 cash prize even if you lose a bet.
Every month, NairaBet selects one lucky winner on social media for a ₦1,000,000 cash prize. To participate you have to post a picture of your bet slip on social media with the hashtag #NairabetNearWin and you state why you deserve to win.
At the end of the month, the winner will be selected on the basis of the manner of their lost bets, the placed wager. And they also look at the stated reason as to why they think they should win.
Another fascinating promotional offer is the accumulator bet.
If you lost a bet because of one selection after you have placed an accumulator bet on 10 or more selections, NairaBet will pay you a compensation fee for the same. But each selection must have odds of a minimum of 1.2.
For example, if you were to win ₦250,000 on a placed accumulator bet you will receive a compensation of ₦16,565.66 provided you meet the terms and conditions of the promotional offer.
Editing Accumulator BetSlip
We can say this feature is first of its kind in the Africa Betting Market. Here, you have an option to edit your Accumulator Bet Slip once you have made over 5 selections. Also, like other promotional offers, there are some terms and conditions you will need to fulfil. One is… you would not be able to reduce the number of selections to less than 5.
Currently, NairaBet does not offer any VIP or Loyalty Program. We hope to see this added to NairaBet in our next review. Many sports betting sites are already rewarding their loyal customers – those who have been with them for a long time – a VIP Program, or a Loyalty Program.
NairaBet offers markets in 17 different sports, opening doors of thousands of betting markets for bettors. Some of these sports are Football, Tennis, Basketball, and Cricket.
On NairaBet, there’s no fixed minimum or maximum you can stake. It varies with your selections and the odds that you are betting on. Before you bet, ensure you gauge through the terms and conditions of a particular selection.
As a bettor, it is advisable that you practise safe betting. Do not indulge yourself in betting practises that’ll harm your mental and physical state of being. Remember that you work hard to earn the money you’re staking with.
To get the odds on offer on the NairaBet website, you must first calculate the Odds Overround. And to do that you’ll first have to convert fractional odds into the decimal form, divide each individual selection of a betting variant by 100, and then add all the individual selections, and determine the margin above 100.
Remember that the more active a market is, the closer will be the Odds Overround to 100%. NairaBet odds are among the best odds in the market most especially in football.
Cash Out and The MegaCombo Bet Feature
The cash-out feature is one of the latest in the betting business that any betting companies must have to stay competitive. And NairaBet is not left out!
They offer bettors the chance to cash out if they perceive the remaining match might not favour them.
Although winnings may be more or less than the initially wagered, it is heavily dependent on the time you decide to cash out. And the current probability of your winning.
NairaBet also gives its customers the opportunity to cash out on accumulator bets.
There’s another fascinating option you’ll like on NairaBet and it’s called the MegaCombo Bet.
The MegaCombo Bet is a bet builder. It allows you to choose a team that you want to punt on, and this amazing tool will return several different betting options for you that you can combine into a MegaCombo Bet. However, to use this tool you must place a minimum of 2 selections.
The in-play option can be found on the navigation bar (“Live”)
For a better, non-stop action, click on any of the sporting markets in offer in the “In-Play” section of the website. From here you’ll be redirected to a screen that’ll help you track live updates of the ensuing match.
Security and Risk
In research that we carried out, we discovered security to be among the features new bettors consider before committing to a particular betting site. You want your money safe and most importantly your personal information encrypted and safe in a way that no one can steal it. If security is one of your main concern, then NairaBet is your best bookmarker friend. NairaBet is a member of the Association of Nigerian Bookmakers and its operations are regulated by the National Lottery Regulatory Commission.
NairaBet ensures that their customers’ personal information including bank details and funds are protected.
The risk of losing your funds, data is very low and such occurrence is rare.
And in case you have an issue which needs to be addressed immediately, their customer’s representatives are top-notch.
NairaBet separates also ensure that its operational costs are separated from the winnings generated on the bookmaker platform making it easy to pay their customers when the crisis hit the betting market or they run out of service.
Please note that NairaBet has zero levels of control over how numbers are generated for the virtual games on their platform. Virtual football games are generated randomly, and results (winning or losing) is determined by an algorithm.
Customer support services
Just like many sport bookmarkers, NairaBet, which is one of the oldest betting company in Nigeria has top-notch customer service support.
You can reach them via their Twitter handle, Facebook, Instagram, Email or direct call through their mobile line.
The response rate is high rapid. You can always expect to get help quickly when you need one.
To call a customer support representative, dial 0700 6247 2238.
You can find this number and other means of contacting them at the bottom of the page.
As long as your issue has to do with NairaBet, their customer support representatives will help you out.
You can email NairaBet via [email protected]
They typically reply within 2hrs.
NairaBet does not have a live chat option on their website. As disappointing as this may be, there ain’t the only bookmaker company with no live chat. However, their Twitter handle can act as a substitute as its reliable, fast and efficient.
Usability and Design (UI/UX)
An intuitive, responsive and simplistic design is the way to go for any online business looking to succeed in this 21st century.
You can easily find your way around the platform even if you’re visiting the NairaBet website for the first time. The odds are well-positioned and easy to read.
NairaBet also has a “Blog” section where you can learn and get important updates about the betting market, offers and promotions.
At the foot of each page are the various contacting means with which you can contact any of their representatives.
When you’re can’t find your way within the platform, try using the FAQ sections they provided. The FAQ section has answers to many questions and so it’s a good way to start. If you can find answers then you can proceed to contact the customer service representative.
NairaBet does not have a mobile betting app. Android and Apple users still depend only on the mobile web.
Nevertheless, they have two mobile web versions to compensate for this shortfall.
There is a version which mirrors the desktop version. And the second version is designed with speed in mind making it very fast. But lacks a lot of graphics, banners, and icons.
There’s no difference between the choice of colour, the layout, and architecture of the mobile version. But the mobile version offers an enhanced user experience.
Even though the mobile version offers an enhanced user experience it does not completely replace that of the mobile apps. Mobile apps – Android and iOS offer a personalized experience to users.
NairaBet is one of the best sports bookmakers in Nigeria.
NairaBet offers competitive odds in the betting markets. And when it comes to security, your stakes and personal details are safe.
An interesting feature to consider is the cash-out and the MegaCombo Bet!
NairaBet offers a simple, and easy registration process. Deposits and withdrawals methods. It also offers several interesting promotions and 24/7 customer support.
Like I said earlier, NairaBet offers no welcome bonus. Another interesting feature is the special bet such as Esports, Entertainment, and Politics. But are not offered by NairaBet.
NairaBet also doesn’t have provision for a live streaming option. And on the customers’ representatives side, they do not support live chat option for customer support, which is a given in many popular bookmaker platforms. Live chat is often the easiest mode of communication.