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Nigerian Naira Bookmakers

When you want to start betting on sports from Nigeria, you likely want to deposit, bet and withdraw funds in Nigerian Naira so you may avoid currency exchange fees - however, it’s not that simple.

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Notable Points

Team Sponsorship

Stoke City FC

Manchester City

Rangers FC

None

Tottenham

Birmingham City

Aston Villa

None

West Ham United


Intuitive betting platforms, many betting markets

Low margins → high odds, unique AdvanceBets

Many markets, solid odds, alternate lines

Bonus, live betting ‘Fast Markets’, cash out early

So many markets, one of the top cash outs

Many markets, solid odds, alternate lines

Many markets, solid odds, alternate lines

Low margins mean some of the best odds

Bonus, early cash out, solid odds, many markets

Review Go

Notable Points

Team Sponsorship

FC Barcelona


Most currencies, very high odds, nice bonus offer

Review

Converting the Nigerian Naira to bet on sports

If you do choose to exchange funds in order to start betting online from Nigeria, ensure that  do so only once for each deposit or withdrawal.  Do not introduce a third currency as this will add a layer of conversion fees that can be worth up to 5% of the amount transacted. Nigerian Naira to Euro is far better than Naira to Euros to British Pounds.

If you already have a funding source like an e-wallet or pre-paid solution in another base currency, try to set your betting account to the same currency.  For example, if you already have an Entropay virtual Visa account in Euros for online shopping and you want to use it to pay into your sports betting site account, ensure that you also set your betting account currency to Euros when you register.  Are you wondering about the latest Naira exchange rates?  Convert NGN to EUR now or convert NGN to USD now.

If you are in Nigeria and are looking for Naira online sports betting, you can do so at a number of State-sponsored betting sites.  However there are several reasons why you may want to avoid some of them, as perhaps surprisingly, they are not the best Nigeria sports betting sites.  

A) no major banking methods like Skrill or Neteller offers Naira balances.  Although, Neteller allows Nigerian customers, you would need to have a balance in another currency.  

B) If you want to bet in the Naira, you’ll need to fund your account with a source that is likely charged fees in excess of any currency exchange fee you might incur.  Fees in Nigeria to fund your betting account often exceed 8%  In other words if you wanted to deposit $100, you might need to pay $108 with these Nigerian state-sponsored sites.  Most currency exchange fees amount about 5% of the exchanged balance.  So in other words, it is both cheaper and more convenient to have an online bookmaker account with a top international betting site in another currency and bank using a convenient method like an e-wallet or prepaid solution.

C)  When you bet with a reputable international bookie, the odds pay better on your bets, you get lower bet minimums and higher maximums. At Nigerian Naira betting sites, minimums are relatively high and a maximum win limit is only about 5,000 US dollars.  Those listed below all have maximums that are many times higher.

Lastly, read the terms and conditions of the Nigeria-based betting site you are considering.  They all have terms that allow them to cancel your winning bet for any reason.  While they would not likely make this a regular practise, the clause exists to protect themselves if they do a poor job in handicapping a particular result.  No legitimate sportsbook uses clauses like this to punish you for a win in order to protect themselves.  Both the online bookmakers above, Betway and 1XBET accept customers in Nigeria and and offer offer Naira account balances:


Non-Naira Sports Betting Sites for Nigeria

Nigerian Naira Sports Betting Bonuses

Non-Naira Bookmaker Bonuses for Nigeria