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Is Online Gambling legal in Nigeria? As we said, Nigerian law doesn't mark as legal any form of online gambling apart from sports betting. It. To bet on sports in Nigeria, you need to register with a bookmaker, fund your account and select the appropriate event. With registration. Outside of the country's three land-based casinos, online sportsbooks have popped up all throughout the country. The first to open was NairaBet. GDMX FOREX EXCHANGE

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This means citizens will be more susceptible to losing funds. Before the betting site is authorized, they are checked to be sure they have the wherewithal to pay users. This is also done to ensure that users' data are safe with them. Also, with the betting operators being regulated, the government can also collect the appropriate taxes. In the grand scheme of things, the key reason why these companies are given licenses is to proof-check them that they are fit to run such operations.

The Regulatory Bodies in Nigeria For this section, we will be looking at two renowned regulatory bodies that are assigned to ensure accountability and transparency in the betting business. The main purpose of putting together these agencies is to protect the interests of the users who will be using online sports betting in Nigerian platforms. The body has its main headquarters in Abuja.

However, there are many other factions distributed across 15 states in the country. There are three different types of licenses that the commission is tasked to issue. They include: The promotional permit, lottery license, and sports betting license. The scrutiny followed before the issuance of the sports betting permit can be very thorough. With that in mind, they demand a lot of requirements from the stakeholders. Some of the requirements are: A non-refundable payment of 2,, NGN for processing and application Name of the Director and other stakeholders in the Board A minimum share capital of 30,, NGN Proof of domain name registration A list of the scheduled games Information on the security system, which includes firewalls, servers, clouds, etc.

With the requirements stated above, you can see that the Commission does not joke. They consider every fine detail before authorizing any company. This is why you should trust whatever platform that they veto to operate in Nigeria. This is no surprise when you consider that it is the hub of commercial activities.

Practically every approved betting site today most likely started its operations from Lagos. It makes sense that there would be a standalone board to keep an eye on the betting operations of these companies in Lagos. Top Five Licensed Sports Betting Operators in Nigeria We can't possibly review all the licensed sports betting operators in Nigeria, however, we can take a shot looking at five of them.

Bet9ja Bet9ja has become a household name in the sports betting industry in Nigeria, for a lot of reasons. This operator which is under KC Gaming Ltd currently has a license that allows them to be operational from 1st of November to 31st October Sportybet The advent of SportyBet into the sports betting industry has changed the face of betting in Nigeria, particularly in terms of quality of service. Nigerians are avid sports fans, and this is the most significant contributor to the massive growth.

Football is the driving force in sports betting, but bets are placed daily on a wide variety of global sports including Aussie Rules football, tennis, basketball and more. Those wanting to place bets have a wide array of options for doing so.

In addition to making standard bets on individual games, you can set live bets while games are underway. You can also bet on the overall season or tournament winners and virtual sports such as virtual dog racing. Sports betting sites include an assortment of tutorials to help you place your bets, and sites are designed to make the process fast, easy and, above all, fun! The majority of sites offer some form of welcome bonus that typically pays a matching bonus on your first deposit.

Promotions are available on the websites or sent to you via email. Is Sports Betting Legal in Nigeria? Sports betting is entirely legal in Nigeria. Nigeria takes a progressive view of sports betting and does not classify it as a game of chance the same way it does casino games. However, the sports betting industry is highly regulated in Nigeria, and only those 18 and older are allowed to play. Concerning online sports betting, no official laws exist regulating online sportsbooks, but the government has made allowances and has allowed several regulated sites to operate within Nigeria.

Furthermore, numerous global sportsbooks are allowed to accept players from Nigeria. What are Popular Sports to Bet on in Nigeria? In Nigeria, football is hands down the most popular sport to bet on. Other popular sports to bet on in Nigeria include cricket, rugby, basketball, Aussie Rules football and boxing. If there is a sport to bet on, odds are Nigerians are willing to bet on it.

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Also, the bookmaker can set the rule of the minimum odds. The best betting sites in Nigeria come with smaller odd limits. Free bet or free bonus — the amount of money that is credited to a player for a bet. This amount is usually lower than in the case of a cash bonus and is for betting only — the free bet is not real money. In the case of winning, the player receives money except for the amount of the bet itself.

In case of loss, they do not lose anything. However, the best betting sites can often set additional conditions for using a free bonus, so you are better to check them in advance. Money-back or Refund — a certain amount that the bookmaker returns to the player if the bet loses.

The bookmaker can set the conditions under which the bonus works. For example, a player must bet only on a certain event to receive a return on the bet in case of a loss, or an agreed event must occur during a match, etc. This type of promotion is in great demand as it allows you to play without risk. Even if your first bet falls short of expectations, you will get your funds back. No deposit bonus — a bonus that is issued for registering a new player without additional conditions.

However, in practice, these bonuses are difficult to come across because many players tend to abuse such cash gifts. By taking a no deposit bonus, you get certain funds that you can use to wager even before you fund your account for the first time. This is a great way to explore the markets for sports betting in Nigeria and check their odds bonuses without risking your money. If you manage to win by fulfilling all the requirements, you will be able to withdraw real money — this is what makes this bonus so desirable.

Special bonuses. Any bonuses that are timed to current or future outstanding events can be attributed to this category. They can be of any kind and are a good way to attract the attention of players. This includes promotions that do not fall into the categories listed above. The best betting sites may offer bonuses for express bets, loyalty programs, bonuses related to non-standard game outcomes, etc. Individual bonuses are good for attracting regular customers who, for some reason, stopped making bets.

Having made a tempting offer to them, the bookmaker can return such a player to the system, since the individual offer is more beneficial for the player than the usual bonuses. Thus, bookmakers in Nigeria have at least eight marketing tools in their arsenal, using which they can competently attract new players to the website and keep the existing ones.

List of Betting Companies in Nigeria with Welcome Bonus As a rule, most of the betting sites have bonuses for new customers also called welcome or sign-up promotions. For that reason, in this section, you will be provided with the list of betting sites with the most generous welcoming offers for newly registered players.

We strongly recommend reading till the end! Online Betting Websites with the Highest Odds Finding the sites to bet in Nigeria with the best odds possible is highly needed if you want to boost your bankroll while betting on sports events online.

For that reason, we have prepared a list of top betting sites that offer excellent betting lines and the highest odds for sports wagering. Top Free Bet Sites in Nigeria If you are looking for the best betting sites in Nigeria with free registration, zero-cost downloadable software, demo modes, and lucrative bonuses like free bets, for instance , you are at the right place!

Have a look at our selection of free sites and find something for your needs! Best Cash-out Betting Site The feature of cashing out first appeared in the industry in the early s. It was quickly embraced by many bettors, who liked the extra control the option gave and still gives over wagers.

And here are the best online betting sites for cashing out in ! Top Betting Prediction Sites In respect to online betting, nine times out of ten, the chances of winning are unpredictable. The best way to improve your possibilities is to keep up with professional betting tips. The top 10 sports prediction sites are as follows: Best Bet Sites in Nigeria with Sports Variety Online betting in Nigeria is quite developed, and gamblers have lots of options to pick from.

But unfortunately, not all sports betting sites offer the same amount of satisfaction. Some simply provide a bigger selection of markets and lines. Football Betting Sites Nigeria Due to the huge popularity of football among Nigerians, many punters are now looking for the opportunity to benefit from betting on football matches right from their homes.

Tennis Betting Sites After football, tennis is the second most popular sport for betting. Therefore, in this section, we have provided a list of online bookmakers for tennis betting. And the increasing number of Nigeria betting sites is working hard to improve their in-play offerings. And some bookmakers have managed to greatly advance in this regard.

Most often, credit cards are used as many bookmakers accept Visa and MasterCard. If you prefer to pay with an electronic wallet, you also have many options. Skrill, Neteller, and PayPal are one of the most popular e-purses, but there are other options like ecoPayz available as well.

In addition, you can make a deposit using a bank transfer, but you may have to wait up to 48 hours for processing. When you are ready to cash out your winnings, you can do it almost instantly! But you have to be a verified user. Besides, in many cases, you will have to withdraw funds using the same banking method chosen for deposits.

The best betting sites in Nigeria provide information about the available options for refilling the account and drawing out money clearly in the FAQ or cashier sections of the betting company. Otherwise, you can contact the support team. There are several common ways to deposit sports betting sites see above for more details and, as a rule, there are more such methods than opportunities for withdrawing winnings. Is it safe to replenish a deposit and share your financial information with a betting platform?

This question is asked by many users. According to experts, in terms of risks, replenishment of funds through a deposit is correctly compared to an ordinary purchase of something on the Internet. If a bookmaker operates legally, you can safely and doubtlessly transfer funds! The Best Betting Sites with Mobile Apps in Nigeria Most betting sites in Nigeria provide mobile software for their users, but some betting applications are just better than others.

Further, we are going to tell you about the best online sports betting applications for Nigerian players. Top International Betting Sites Our list of the best international sports betting sites includes some of the biggest names in the industry. These online sites are operated under the safest jurisdictions in the world and cover multiple regions.

The top betting sites around the globe have hundreds of daily markets on every professional event taking place. Live betting, betting from mobile devices, the best odds — all are covered in our selection of the best international sports bet sites! List of Trusted Betting Sites in Nigeria These days, Nigerian players have a broad array of online sports betting sites to choose from.

Unfortunately, not every web-based platform is trustworthy, let alone offers a good service or fair odds. Now, we can confidently say that online betting in Nigeria is now legal. However, in this article, we will take a look at details that surround the legality of online betting in Nigeria. What makes an online betting site legal in Nigeria? The fact that online sports betting in Nigeria is legal doesn't mean that just about any betting site you find out there is authorized to operate.

One thing you should look out for before on any betting platform is their license. Before their betting operations can be allowed in Nigeria, they have to procure a license from one of the Betting regulatory bodies in the country. Why is it important to get a license?

You might question the rationale behind the government regulating online betting in Nigeria. However, it may serve you to know that it is mostly for your best interests. Imagine where there are no regulatory bodies available to keep an eye on the operations of these betting companies. There is likely to be a high rise in fraudulent activities. This means citizens will be more susceptible to losing funds. Before the betting site is authorized, they are checked to be sure they have the wherewithal to pay users.

This is also done to ensure that users' data are safe with them. Also, with the betting operators being regulated, the government can also collect the appropriate taxes. In the grand scheme of things, the key reason why these companies are given licenses is to proof-check them that they are fit to run such operations.

The Regulatory Bodies in Nigeria For this section, we will be looking at two renowned regulatory bodies that are assigned to ensure accountability and transparency in the betting business. The main purpose of putting together these agencies is to protect the interests of the users who will be using online sports betting in Nigerian platforms. The body has its main headquarters in Abuja. However, there are many other factions distributed across 15 states in the country.

There are three different types of licenses that the commission is tasked to issue. They include: The promotional permit, lottery license, and sports betting license. The scrutiny followed before the issuance of the sports betting permit can be very thorough. With that in mind, they demand a lot of requirements from the stakeholders.

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