Bookmaker

Naijaodds is here to help you learn about Nigerian bookmakers. We looked at all the most popular and broke down their information in a way that’s easy for people to understand. That way you can discover all of the bookmakers and compare them. Then you can decide which one you want to go to.

We looked at the profit for each and every bookmaker in Nigeria. Some information are public opinion while some was gotten from insiders. Combined, they paint a fairly accurate picture of what a bookmaker is doing from the money end of things.

We also took a look at how many people are playing at each bookmaker. You can compare that to their profit margins and see if the resulting numbers make sense. That will give you a fairly good idea whether or not a given bookmaker is legit or not. You are in control and make your own decision.

NaijaBet Online Market share

NaijaBet’s current market share is holding steady at 0,55%.

With more attention to the innovations of the industry – like live streaming and increased sports to bet on – as well as customer attraction and retention such as a welcome bonus, we believe that NaijaBet could increase their market share in the future.

Annual Online Profit
The annual profits earned by Naijabet is 80,5M.
Number of Internet Players
NaijaBet currently hosts 130K players total.

Licensing

NaijaBet holds a license that has been issued by the National Lottery Regulatory Commission.

The rules governing the licensing of online casinos and bet shops state that the operating company only needs one license to launch in Nigeria. The license can come from the state authority in which the company has their headquarters, or the National Lottery Regulatory Commission of Nigeria. However, this is one way to show its players that NaijaBet is a legitimate operation. At the very least it reveals that the company had enough capital to pay the fees for applying to the authorities. These authorities have vastly improved their processes in recent years, and with frequent inspection and renewal it is possible to have a license revoked if the casino no longer meets the proper requirements.

NaijaBet Mobile

NaijaBet has created apps for iOS and Android devices. Both apps have the full functionality of the main website. They provide constant updates on games and are fully integrated. You can also go straight to their website and it will adjust itself to fit your screen. Either way is just as good with NaijaBet.

NaijaBet History

NaijaBet is not a new comer to the online casino market. Launched in 2010, it has become one of the better sportsbooks in Nigeria. It offers betting on Sports, Soccer, Basketball, Table tennis, Politics Entertainment, virtual sports, slots machines and table games.

With sports, there are over 40 different ones to bet on. It is also possible to bet on chess or politics at NaijaBet. The majority of their betting markets do skew to football. On any given Premier League game, there will be over 300 market options you can bet on.