NairaBet: Nigeria’s Oldest Bookmaker

July 3, 2017 8 min to read

If you’re based anywhere else than Nigeria, you probably haven’t heard about our next bookmaker – NairaBet.

It’s one of the oldest and most established sportsbooks on Nigerian market and boasts a stellar reputation among locals. NairaBet offers odds on all major sports as well as Live play and virtual games, so there’s something for everyone.

With sports betting increasingly growing in Nigeria, this bookmaker is one of the places to go. But, from our experience, it’s a better choice for players who are already experienced in sports betting.

One of the best things is the fact that NairaBet accepts Naira as their currency which is one of the biggest benefits for Nigerian bettors!

Let’s see if NairaBet is as good as its owner, Akin Alabi, claims it to be.

NairaBet: An Overview

nairabet bet from nigeria

  • Name: NairaBET
  • Website:
  • Bonuses: No Welcome Bonus
  • Minimum Deposit: 50 Naira
  • Rating: 3.0/5.0

NairaBet is the oldest sportsbook and casino that has been established in Nigeria. It started operating in 2009 and holds a license from the Lagos State Lottery Board.

What’s quite unusual about NairaBet is the owner… Usually betting websites are part of a bigger company that is well established in the iGaming world.

But, NairaBet was founded by a Nigerian politician and philanthropist – Akin Alabi. He’s a well-known businessman, responsible for launching motivational seminars and helping young people to set up their own businesses.

He’s also heavily involved in the entertainment industry, managing local artists and supporting the up and coming talent.

His idea for NiaraBet came from observing the trend in society and growing interest in sports betting. Hence, he decided to go where the money is and created how own betting platform.

Nowadays, NairaBet has an only competitor – Bet9ja – and it offers sports betting, casino, virtual games and Colossus (a platform for pool betting).

The only country that is allowed at NairaBet is Nigeria and the local currency – Naira.

NairaBet Betting Markets

NairaBet has odds for all major sports and leagues, especially football. It also covers most popular leagues in football, baseball and tennis.
Players can enjoy Live play as well as virtual games and the odds are constantly updated.

Virtual games are available for football, basketball, tennis, horse and dog racing. You can bet on matches a month in advance or place Live bets as the game is happening.

NairaBet has also a partnership Colossus, which offers pool betting. How does it work? It allows you to place small bets and promises a colossal win from the pool of placed stakes.

NairaBet offers bets on:

  • Football
  • Basketball
  • Baseball
  • Tennis
  • Rugby
  • Golf
  • NFL
  • Cricket
  • Motor Sports
  • Australian Football
  • Volleyball
  • Boxing
  • Badmington
  • Beach Volleyball

NairaBet Customer Service

nairabet customer service

NairaBet offers an extensive range of its Customer Service options which are accessible 24/7 all year round.

Apart from traditional means of customer support, it has an active Social Media presence via Facebook and Twitter.

For those based in Nigeria, there’s an option for a Live Chat, which is the quickest and most efficient way of contacting Customer Service.
Contact NairaBet Customer Service:

Telephone – local call centre is open 24/7 and you can call on 0-700-624-722-38.
Twitter – you question should be answered within 24h; you must have a valid Twitter account and you can post on NairaBet or tag it in your post @Nairabet.
Facebook – you can directly send a message via the Facebook account or post a question on the wall at @nairabetonline.
Instagram – NairaBet also has an active Instagram account; you won’t be able to ask questions but you can follow all the recent updates and promotions. Access it @officialnairabet.

NairaBet Website & Mobile App

The sportsbook website has a modern design and a user-friendly interface, which is very easy to navigate.

Even though NairaBet thrives to enhance the betting experience wherever you are, it doesn’t have a mobile application.

You can access the bookmaker via a mobile-friendly website that has been optimised for all devices, including iPads.

The mobile website has a similar design to its desktop partner and it features the same functions. You also have a choice of two versions of the mobile website: small and large. This feature becomes useful when your mobile has unusual screen dimensions.

Players can also access Live betting, so wagering is possible regardless of the location.

NairaBet Payment & Withdrawals Methods

nairabet payment methods

The only accepted currency is Naira and there are five ways of funding your account. All you have to do is log into your account and go to the ‘Deposit’ section.

The minimum deposit is 50 Naira but it may vary accordingly to different methods of payment.

Payment Methods:

#1 Pay With Card – it’s the most popular method and also the easiest way to make a deposit:

  • Accepted cards: Visa, Naira MasterCard, Verve
  • Your card has to be powered by Interswitch
  • You will be redirected to WebPay and the money will be deposited into your account instantly.

#2 Pay At ATM – this the quickest way of crediting your account if you don't have an internet access or you cannot use mobile payments. But, it will take you longer to enter all the details and you need different codes depending on the amount you want to deposit. Here’s how to do it:

  • Find an ATM near you
  • Choose an option for ‘Quickteller’ or ‘Pay Bills’
  • Choose ‘Others’ and enter one of the codes
    NairaBet deposit codes
  • Enter your customer ID number – find it on your NairaBet account – and check if your name is correct
  • You will receive a confirmation message and the account will be automatically credited

#3 Bank Deposit – this is an option for customers who do not have a card or prefer a traditional method. You will need your customer ID number and you can cash in anything above 1000 Nairas. Here’s an example of a bank slip:

NairaBet bank slip

You can do it at these banks:

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

#4 GTBank Internet Platform – you fund your NairaBet account directly without using an e-wallet. You have to first set up your account and you will be required to input this information:

  • Internet Banking Login Details
  • Safe Token
  • Customer Reference Number or User ID
  • Your Security Answer

Withdrawal Methods

NairaBet payout
The maximum amount you can withdraw in every 24 hours is 500,000 Naira and the minimum is 1,000 Naira.

The withdrawal will take maximum 1 day and you only do it via Bank Transfer. You can do it via your online account by entering your bank details and address.

NairaBet Sign Up Bonus & Promotions

NairaBet doesn’t have a Welcome Bonus as such, but they have five different promotions that you can start using as soon as you join:

#1 NairaBet Goalless Draw Money Back – get you entire stake back if the game ends with a goalless draw; applies only to English Premier League.

#2 One Game Cut Your Ticket – if you place one bet on multiple games and one of them spoils your winnings, NairaBet will refund 10% of expected winning up to 100,000 Naira; only accumulators of 10 games or above qualify for this bonus.

#3 Cash Out: Never Lose A Bet Again – you can cash out you money before the game finishes; if you’re Live playing and don’t want to wait until the end of the game, you can cash out winnings straight away, regardless whether your team is winning or losing; if your team is losing NairaBet will offer you a compensation.

#4 100% Bonus On Accumulator Bets – the bonus keeps on increasing as you add more games.

#5 Double Your Odds On Lucky 15, 31 & 63 – if you like betting on lucky 15, 31 or 63 NairaBet will double the odds of that winner so you can receive more money; applicable only for tennis, table tennis and basketball.

Who Is NairaBet For?

Considering NairaBet is one of the most established bookmakers on Nigerian market, it’s not the easiest platform to start from.

The bookmaker doesn’t offer a Welcome Bonus and their deposit methods might be confusing for a rookie. Especially, if it’s your first time betting.

But, if you’re an experienced bettor, you will find your way around the website easily. The bonuses, on the other hand, are limited to specific games. In comparison to worldwide bookmakers which can offer much more and multiply your winnings.

NairaBet Sportsbook Rating

Nigeria’s citizens don’t have much choice when it comes to bookmakers. But, when comparing to Bet9ja, it leaves a big area for improvement. Hence, we decided to give it ⅗ stars!

One of the requirements nowadays is to offer a Welcome Bonus to players and this is a huge drawback for NairaBet. Not all bettors enjoy Live playing, and this is where the bonuses are the juiciest.

On a positive note, NairaBet accepts Naira as a currency which, as any Nigerian bettor will know, is a rare thing to see.

We haven’t experienced any issues with NairaBet but we came across a few complaints regarding a delayed payment or slow customer service response. While it’s not a deciding factor, and you might have an excellent experience, we couldn’t ignore complaints from regular users.

You can join NairaBet here.

Let us know in the comments below what do you think about NairaBet and if you’ve ever tried it!

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