10 Best Betting Sites in Nigeria with Welcome Bonus/Free Bet

If you’re looking for the best betting sites in Nigeria with welcome bonuses in 2023, you’re in luck! Nigeria has a vibrant and thriving sports betting industry, with a variety of licensed and trustworthy bookmakers offering exciting welcome bonuses to new customers.

In this guide, we’ll take a comprehensive look at the top betting sites in Nigeria with welcome bonuses in 2023. We’ll explore the most popular bookmakers in Nigeria, and review their welcome bonus offers, betting markets, user experience, and other key features. By the end of this article, you’ll be equipped with all the information you need to make an informed decision on the best betting site in Nigeria for you. So, let’s dive in and find the perfect sports betting platform with welcome bonuses to tee your 2023 betting experience in Nigeria!

You have to acknowledge that you can never rely on one bookie when it comes to sports betting since different bookies offer varied odds for different betting markets. So, you need to maximize your earnings by picking the best betting odds on offer. Another reason is that some sports bookmakers have offers which include free bets at sign up and deposit bonuses that you can use towards your betting account. Below, we take a dive at the best betting sites in Nigeria offering free bets and registration bonus offers:

10 Best Betting Sites in Nigeria with Welcome Bonus 2023

These bookmakers offer the best bonus offers in Nigeria. The type of bonuses varies so it is vital to go through each of them to see. Note that the sportsbook (platform for sports related betting) bonus is different from the casino bonus (Casino games have high risks hence the high bonus amounts). The bonus offers range from free bets, welcome/karibu bonuses and registration bonuses. All which are summarized in the roundup.

Rank	Betting Site	Bonus	Get Bonus
1.	1xBet	200% sign up bonus up-to ₦ 20,000	Get Bonus!
2.	22Bet	100% sign up bonus up-to ₦ 15,000	Get Bonus!
3.	Betwinner	100% sign up bonus up-to ₦ 15,000	Get Bonus!
4.	Helabet	100% sign up bonus up-to ₦ 10,000	Get Bonus!
5.	Chezacash	450% daily karibu bonus up-to ₦ 10,000	Get Bonus!
6.	Betway	50% sign up bonus up-to ₦ 5,000	Get Bonus!
7.	Mozzartbet	No signup bonus but best odds	Get Bonus!
8.	Bangbet	50% sign up bonus up-to ₦ 2,000	Get Bonus!
9.	Betgr8	100% sign up bonus up-to ₦ 1,000	Get Bonus!
10.	Betsafe	100% sign up bonus up-to ₦ 1,000	Get Bonus!

PS: If you have any issues with the offers above, kindly drop us an email here and we shall follow it up.

Now, that you have some bonus bounty to chase, it is time to get the list of the best betting sites in Nigeria 2023 on merit:

Best Betting Companies in Nigeria with Sign Up Bonus

Below, we take a quick dive into each of the best betting sites in Nigeria with a registration bonus and/or free bet:

1xBet Nigeria

1xbet is an international online betting company that offers a variety of sports betting options, casino games, and live casino games. The company operates in several countries, including Nigeria. In Nigeria, 1xbet is licensed and regulated by the Betting Control and Licensing Board (BCLB) under the licence number 0000455. The gaming interface is provided and operated in Nigeria by Advanced Gaming Ltd.

To start betting on 1xbet Nigeria, you need to register an account on the platform, which you can do by visiting the official webpage with a welcome bonus or by downloading the mobile app. After registering, you can deposit money into your account using various payment methods such as M-Pesa, Airtel, Visa, Skrill, Crypto and more.

Once you have funds in your account, you can start placing bets on your favourite sports events. 1xbet Nigeria offers various types of bets, including pre-match bets, live bets, and accumulators, among others. The platform also offers competitive odds and frequent promotions to its customers… To learn all the intricate details, you can read our full review of this bookmaker from the link below [vc_btn title=”Read full 1xBet Review” skin=”primary” btn_arrow=”yes”]

22Bet Nigeria

22Bet Nigeria is an online sports betting and casino platform that operates in Nigeria under the BCLB license number 0000417. The website is provided by Nuntis Holdings LTD, for sports betting operation under the Betting, Lotteries and Gaming Act, Cap 131, Laws of Nigeria. 22Bet Nigeria allows users to place bets on a wide range of sports events, such as football, basketball, cricket, tennis, and many more. The platform also offers a variety of casino games, including slots, table games, and live dealer games.

To use 22Bet Nigeria, users need to create an account on the platform by providing personal information and making a deposit. This deposit matches a 100% bonus on the amount. That is, if you register for the first time and make a deposit of ₦ 1,000, in turn, you will receive a free amount of equal value to bet with (₦ 1,000 free). Once the account is set up, you can browse the available sports events or casino games, place bets, and potentially win real money which you can withdraw instantaneously [vc_btn title=”Read full 22bet Review” skin=”primary” btn_arrow=”yes”]

BetWinner Nigeria

BetWinner is operated in Nigeria by Lucky Bet Limited, under the BCLB license number: 0000424. They have an international reach and are one of the few of a kind to have a strong reach in the Nigerian betting space. Their specialization is online sports betting and casino platform that are operated internationally… [vc_btn title=”Read full Betwinner Review” skin=”primary” btn_arrow=”yes”]

Helabet Nigeria

Operated by Cheza Gaming, Helabet is a legit bookmaker registered and granted licensing by the BCLB under the number BK 0000306. This bookie offers lots of bonus options for new users on their sports and casino games [vc_btn title=”Read full Helabet Review” skin=”primary” btn_arrow=”yes”]

ChezaCash Nigeria

ChezaCash is an online sports betting platform that operates mainly in Nigeria. The platform is operated by Infiniti Capital Ltd, under the BCLB license number 0000473. They have been into the industry for some time now and even did a redesign to their platform for a cool look. Below, we take a dive into its features [vc_btn title=”Read full Chezacash Review” skin=”primary” btn_arrow=”yes”]

Betway Nigeria (closing shop in Nigeria)

Betway Nigeria is an online sports betting platform that offers a wide range of sports betting options to Nigerian customers. It is licensed and regulated by the Betting Control and Licensing Board of Nigeria (BCLB) under the license number: 0000432. Betway is operated by Blue Jay Limited, a company registered in Nigeria. It offers a wide range of sports betting options, including football, basketball, tennis, and rugby, as well as virtual sports and online casino games… [vc_btn title=”Read full Betway Review” skin=”primary” btn_arrow=”yes”]

Mozzart Bet

This bookmaker is operated by Mozzartbet Nigeria Ltd, under the BCLB license number BK 0000412. Its origins can be traced back in Europe (specifically in Serbia) … [vc_btn title=”Read full Mozzartbet Review” skin=”primary” btn_arrow=”yes”]

BangBet Nigeria

Bangbet is provided by Rabow Co. Ltd in Nigeria under the license number 0000409. They have been in this space for quite some time running the sports and casino markets. The most beautiful thing about them is there light site and easy to claim free bets that do not need huge odds or deposits to claim … [vc_btn title=”Read full Bangbet Review” skin=”primary” btn_arrow=”yes”]

Betgr8

This company is owned and operated by Level X LTD under the BCLB license number 0000435. It has been in the industry for some time now and it offers both sports and casino markets [vc_btn title=”Read full Betgr8 Review” skin=”primary” btn_arrow=”yes”]

Betsafe Nigeria

Betsafe operates in various countries, including Nigeria. It is known for offering a wide range of sports betting options, including popular sports like football, basketball, tennis, and more. Betsafe also provides a selection of casino games, including slots, table games, and live dealer games. Betsafe is operated by Bethigh (K) Ltd in Nigeria, under BCLB license number 0000437 and it is highly reputable in the industry [vc_btn title=”Read full Betsafe Review” skin=”primary” btn_arrow=”yes”]

NOTE: Terms and Conditions apply to all the betting bonuses mentioned above. Make an effort of going through them to understand how they work.

Sports Betting Strategies by Gurus for your Success

First of all, betting is a game of chance and no matter how cork sure you are, outcomes can vary and out of norm. Whilst there exists no precise way of wagering on sports, understanding and minimizing the risk comes handy. The logic is to eventually turn profit and not win everything. For this, many bettors use a number of concepts to give them the best chance of winning in the long run. Below are some betting strategies used by gurus that you can employ:

1. Value Betting

This is one of the easiest betting concepts to grasp. Value betting involves analysing all of the odds a certain sportsbook has for a market, and judging as to whether they’re of good value or not. For example, if a game between Chelsea and Arsenal has often ended in a barren draw, and the odds for goals under 5.5 is 1.3, regardless of the two teams’ form, that is a worthy risk to take.

Compared to another bookmaker offering say, 1.3 odds for a similar game for goals under 3.5, the risk has grown compared to what one is willing to wager in the earlier betting site. This is one of those reasons why punters join multiple betting sites in Nigeria with high odds . This way, you can always weigh in on which site to use for a particular bet vis-à-vis the risk environment.

If you perceive a certain betting market presents better (higher) odds than the industry’s average, then you have identified what is in your opinion a ‘value bet’. By consistently picking out value bets and being successful, you will rack up some nice winnings in the long run with lesser number of bets and risks. Let us face it; with value betting, even a 40%-win rate, can set one up in the top percentile of winners.

2. Beware of the Heavy Favourites

Betting on the favourite may seem like an obvious method to follow, with the sportsbooks giving you a clear option on who’s more likely to win. Some sports have huge favourites compared to others, such as tennis, boxing and basketball. This you can see by the way the odds are spread. The favourites get lower odds compared to their unfavourable opponents.

This method would work, if you had a very large balance, as you would make little profit from each bet. For example, if you have 100k, you could bet with 5k each game at smaller odds for a profit. Done over a large period of time, with large sta₦ placed, you will most likely see a difference in returns. That said, the example we give is raw and does not give the real outlook on the ground. There is more to this approach than what we highlight.

One inherent risk is blind spots. While this method would appear easy, what is your fate if the favourite doesn’t win? It can be tough losing a large stake, and you may end up chasing your losses and whirling down an unhealthy pool. A big loss can be detrimental. Now imagine multiple losses in a row. That can bankrupt you in the long run. Bottom line is; just because a pick has low odds does not mean it is an outright favourite.

Some punters would have the instincts of using other markets such as Asian handicaps or betting on the least favourable side to win, and all that. It all boils down betting being a game of chance rather than a predictable cycle/phenomenon. Always take note of the heavy favourites.

3. Dutching or Matched Betting

Dutching is often used to describe a wagering method that guarantees profit by taking advantage of betting bonus bets. It often requires one to have more than one sportsbook account to execute.

We may have alluded to this concept above. Basically, ditching involves betting on markets that are unevenly priced between different sportsbooks. That way, you can place bets of different amounts on each one to ensure a profit. For example, 1xBet may price Manchester United to beat Crystal Palace at +300 with -6.5 points spread, whilst Betwinner may price the ‘The Eagles’ to win with a +6.5-point spread at +200. In this case, you would need to wager $40 on Man Utd and $60 on the Palace to guarantee a profit of $20, with these bets needing to be placed with different bookies to be possible.

While $20 profit may not seem a lot, with “ dutching, ” you are guaranteed to win no matter the result of the game/market you’re betting on, as you are covering both outcomes. If you 10X your amount, the you could be going for a $200 profit a game.

That said, the inherent risk and fallacy in matched betting is the fact, it discounts draws. The other blind spot being if a punter is not good with probability math or calculating the margins, it can turn out a loss than a win. Even though it is some form of hedging or insurance policy. The reverse risk is 100% if the match ends in a draw. It is important to factor such scenarios before swearing by a particular betting style.

Dutching involves adjusting the amount you bet depending on the odds to ensure that you win the same amount of money no matter which bet wins. Done correctly with good float/balances, it can be highly rewarding. Despite requiring a little more time and effort, it is definitely worth looking more into as a betting method.

4. Hedge Betting

Hedge betting is fairly similar to dutching in practice. However, with hedge betting, you are betting against a bet you’ve already placed previously once the odds for the other side of the betting have changed. For instance, if you bet on Rafael Nadal to beat Novak Djokovic at +100 before the game, and then Nadal ta₦ a 1-0 lead, the idea is to then bet the correct stake on Djokovic at their increased odds to lock in a profit.

By doing this, if Djokovic were to come from behind to win the match 2-1, the bet you placed when he was losing 1-0 would win, whilst your original bet on Nadal would lose. The difference being the profit/loss based on your calculations or wage.

Hedge betting works for parlay betting, individual bouts, as well as team sport bets. If you have a five-leg parlay bet that has seen the first four legs win, you can hedge your bets against the team/player you need to win for the parlay bet to be successful in order to guarantee a profit.

The drawback being, reduced profits. On the other hand, the advantage is reduced risk; guaranteeing that despite a losing outcome, a profit is locked or, stake safeguarded. Both hedge betting and dutching are widely used in the industry by both punters and odds makers as an insurance policy.

In Nigeria, you will find some bookmakers offering a cashout option. The betting cashout feature allows you to book the profits if you have doubts on the outcome of the remaining matches for the case of a multiple bets. You can even cashout on individual matches if you do not wish to see out the bet slip to the end.

The cash out feature is something we highly recommend and you can see our list of best betting sites in Nigeria with the cashout option. The goal of gurus is to always protect the account and not to be greedy. You always live to fight another day. Never be swayed by quick money or riches.

5. The Gambler’s Fallacy

The gambler’s fallacy is the idea that the outcome of a certain random event is less or more likely to happen based on the result of a previous event or series of events. It is by no means a certain way of judging events, as often past events do not change the outcome of future events.

For example, if Barcelona FC have won all of their previous five games, those that are unaware of gambler’s fallacy may simply bet on the them to win; ignoring some potentially key factors. For instance, the next fixture could be ‘The Classic Derby’ or in Spanish, “El Clasico”, pitting Barcelona against Real Madrid. This fixture always goes either ways or end in a draw regardless of either side’s current form of the season.

Some other factors could be: injuries, suspensions, and plenty more. Upcoming fixtures could also result in a change of tactics. For instance, managers favour resting key players on weekend matches preceding continental tournaments like the UEFA Champions League, CAF Champions League, Europa League, etc. In some cases, this happens even during domestic competitions. Like when Chelsea FC would bench regular starters for a league cup tie in readiness for a much more prestigious Premier League game.

Those that take gambler’s fallacy into account will most likely be more aware of these factors, and potentially avoid betting heavily without first considering the other factors highlighted. You can read more about the Gambler’s Fallacy here and learn to escape the trap.

These tips and methods are not exhaustible on this page. You can learn more on betting strategies for reducing your risks and maximise rewards . Make sure to share our content with fellow punters as appreciation, in order to help us grow as well.

Items Considered in Rating Betting Sites in Nigeria

The following points were considered when rating the top betting sites in Nigeria:

• Betting ODDS: Odds are the core of sports betting. Different sportsbooks will often have different odds for certain markets and game lines, so it is easy to check between different sportsbooks to see where you’re getting the most bang for your buck. The higher the odds the better as that lowers the risk of betting on many matches for more winnings.
• Accessibility: Betting on sports has been made easier than ever before with online betting. From pulling your mobile phone out of your pocket, opening up your laptop or loading up a tablet or public computer at a cybercafé or institution. For most people, travelling to your nearest sportsbook shop to play, is not convenient at all (though works for those without internet connection). Shops also may be far away, and limited in the number of people that can fit. There are plenty of online sportsbooks to choose from and get a registration bonus, which is not the case with brick-and-mortar shops. We have given you the list of the best betting sites with welcome bonus offers.
• Bonus Products and Offers: Betting bonus offers provide the added advantage and that means a lot from a consumer point of view. Apart from the bookmakers’ odds, customers especially new ones need value addition and bonuses help to mitigate risks or find a gentle take off. Most importantly, you are not limited to one sportsbook. This affords one to make the most of the welcome bonuses and recurrent promotions for as many sites as one pleases.
• Customer Service: The customer service should be quick to respond to enquiries from their customers 24/7 365 days and real time; via phone, email, and Chat.
• User Interface: The user interface should be simple, tidy, and easy to navigate. The betting sites need to be clean and crisp on devices with smaller viewports as well as large screens, and the betting platform should be simple to understand and customize to a punter’s liking.
• Deposit and Withdrawal Options: They should be easy and seamless to transact. There should be many choices to choose from, suiting everyone’s needs.

  Depositing money into your account is one of, if not the most important aspect of online sports betting. All of the best betting sites in this piece will have a variety of ways in which you can deposit funds into your account, with the process for these often being relatively simple and easy to understand. Mobile money is one of the popular deposit options with M-pesa and Airtel Money.

  That said, the best sportsbooks will have a larger number of payment options available, allowing you to choose which method of payment suits you best. Some of the most popular deposit methods that the best online sportsbooks will offer include:

  1. Debit Card
  2. Credit Card
  3. Cash
  4. Skrill
  5. E-Check
  6. Neteller
  7. PayPal
  8. Sportsbook Specific pre-loaded card
  9. Crypto

  When it comes to withdrawal methods, all of the best online sportsbooks will offer a similar number to the deposit methods they have in store with mobile money withdrawal options being favoured by most Nigerian punters for its efficiency.

  With the top sports betting sites in Nigeria, users will most likely be able to withdraw using any of the deposit methods offered, allowing users to both put money into, and take money out of, their accounts using the exact same option. This ma₦ for a much easier solution when it comes to players depositing and withdrawing funds, as the best bookmakers out there won’t require you to have alternative payment methods when you deposit and withdraw money from your account.

• Product Variety: Good bookies should offer markets that span a wide scope to accommodate many users. The best selection and extensive list of sports you can bet on is levels ahead with online sports betting. This allows you to bet all in one place, and all on the same site. Be it boxing, tennis, volleyball, football, basketball, rugby, horse racing, name it. What comes with a long list of sports, is a huge variety of markets and props. You’ll find more types of bets online while also be able to bet live or stream events.
• Live Betting and Streaming: A mainstream feature in the best online sportsbooks nowadays; live streaming is available for certain games. You’re able to watch games not available through your regular cable television, whilst being able to bet live at the same time. Not all online sportsbooks have this feature, so it is worth checking out the features to know which sportsbooks offer live streaming.
• Child Protection: Anyone below the age of 18 years is considered a minor and therefore should not be allowed to bet. All the sites above apply strict procedures to ensure that their customers are adults only.
• Betting Regulation: By law, all legal betting sites in Nigeria must be licensed by the Betting Control & Licensing Board (BCLB) under the Betting, Lotteries and Gaming Act, Cap 131, Laws of Nigeria.
• Security: The data on the betting sites have been scanned for security and the platform are secured with strong SSL encryptions, ensuring your data over web, is cork-tight secure from prying eyes. It is also nice to offer betting platform apps (for mobile and desktop), more as a security tool than a promotional feature. This way, the risks of phishing attacks that may put a player’s account at risk is countered in addition to easy accessibility.
• Privacy: We go through the privacy policy the betting companies in Nigeria to ensure that you information is protected and not shared anyone by guarantee and the terms and conditions.

Safety when Using Online Betting Companies

When using online betting companies, it’s important to prioritize your safety and protect yourself from potential risks. Here are some essential safety measures to consider:

1. Choose reputable and licensed platforms: Stick to well-known and regulated betting websites. Research the company’s reputation, user reviews, and licenses to ensure they are trustworthy and operate legally.
2. Secure your personal information: Provide your personal details only to reputable platforms with secure connections. Look for the padlock symbol in the website’s URL, indicating a secure connection (https://). Avoid sharing sensitive information through unsecured channels.
3. Strong passwords: Create unique, strong passwords for your betting accounts. Use a combination of letters, numbers, and symbols, and avoid using easily guessable information such as birthdates or names.
4. Enable two-factor authentication (2FA): Utilize the two-factor authentication feature offered by the betting company. This adds an extra layer of security by requiring a verification code, typically sent to your mobile device, in addition to your password.
5. Be cautious with third-party applications: Avoid downloading or installing third-party applications or software that claim to provide shortcuts, hacks, or cheats for betting. These can be malicious and compromise your security.
6. Regularly update software: Keep your computer or mobile device’s operating system, antivirus software, and web browser up to date. Regular updates often include security patches that address vulnerabilities.
7. Beware of phishing attempts: Be vigilant about phishing scams. Avoid clicking on suspicious links in emails, messages, or advertisements. Legitimate betting companies typically won’t ask for personal information or login credentials through email or social media.
8. Set deposit and betting limits: Establish limits on how much you deposit and wager to maintain control over your betting activities. This can help prevent excessive losses and irresponsible gambling behaviour.
9. Educate yourself about responsible gambling: Understand the signs of problem gambling and seek help if needed. Many reputable betting platforms provide resources and options for self-exclusion or setting gambling limits.
10. Be mindful of your emotions: Don’t let emotions or impulse dictate your betting decisions. Set a budget and stick to it, avoiding chasing losses or making irrational bets.

Remember, online betting should be viewed as a form of entertainment, and it’s essential to engage responsibly and stay within your means.

Betting on Offshore Bookies

Betting on offshore bookies refers to placing bets with online betting companies that are based in countries where they are not licensed or regulated. For example, legit betting sites in Nigeria that are not regulated by the BCLB. A number of the most popular offshore betting sites are located in the li₦ of Curacao, the Isle of Man, Malta and Costa Rica. While it may be tempting due to potentially better odds or broader betting options, it’s important to understand the risks involved. Here are some key points to consider:

• Lack of Regulation: Offshore betting sites operate outside the jurisdiction of Nigeria’s regulations and may not adhere to the same standards of fairness, transparency, and consumer protection. This can leave you with limited recourse if any issues arise. On the other hand, that may be good if your country has punitive policies such as heavy taxation on players’ accounts as is the case with Nigeria.
• Security and Trust Issues: Offshore bookies may not have the same level of security measures and safeguards in place as regulated platforms. This can make your personal and financial information vulnerable to unauthorized access or misuse. If you are from the European Union, policies such as the GDPR may protect your data as a consumer and you have a right to sue for any misuse whilst in other places, the law is not clear and limits your legal recourse.
• Payment and Withdrawal Issues: Offshore bookmakers may have limited or unreliable payment options. Or, may have many options that may not be convenient. Depositing funds or withdrawing winnings can become challenging, potentially resulting in delays or even loss of funds, a times. Even in case where you use a VPN, you need experience to navigate transactional issues without breaking laws.
• Legal Implications: Betting with offshore betting companies might violate the laws of your country or region. Participating in illegal gambling activities can have legal consequences, including fines or penalties where applicable. Before opting for an offshore site, find out their policies regarding users from your country.
• Lack of Responsible Gambling Measures: Regulated bookmakers often provide responsible gambling tools and resources to help bettors manage their gambling habits. Offshore bookies may not have the same level of commitment to responsible gambling practices, which can be detrimental to individuals who may need support.
• Dispute Resolution Difficulties: Resolving disputes with offshore bookies can be challenging due to differences in legal systems and jurisdiction. You may face difficulties in seeking resolution or receiving compensation in case of disputes or unfair treatment.

It is generally recommended to use licensed and regulated bookmakers that operate within your jurisdiction. These platforms are subject to oversight, adhere to strict regulations, and offer consumer protection measures to ensure a safer betting experience.

What is a Legal Sports Betting Company in Nigeria? That is just a betting site licensed and regulated by betting and gaming laws of Nigeria. Pretty much every site with a local mobile banking deposit and withdrawal feature. You will also tend to find the license number prominently displayed on the website at the footer section. Those are the easy ways pf spotting one.

Whilst online sports betting is legal in Nigeria, offshore betting sites provide an alternative way to wager for those in states where sports betting is not legal. Despite the fact that offshore betting sites may be considered illegal, there are many credible offshore betting sites that accept players from most parts of the world. They have their own advantages compared to regulated ones among them tax benefits, varied sports markets, and so on. You only need to learn how to effectively use them.

Retail Sportsbooks in the Nigeria

Online betting is not the only option you have. If you prefer to gamble in person, then there are many in-person sportsbooks with brick-and-mortar shops around the country. You can walk into them and place your bets free of charge provided you have an account.

Some of the betting companies with physical shops around the country include; Mozzart Bet, Sportpesa, Gamemania, Helabet, among others.

That said, majority of punters love the option of wagering bets online. If that is convenient for you, nice. If you do not have the device or internet connection to access your betting account, do know that you are not limited as you can walk into any physical betting shop and place a bet there. You do get a ticket after. When your bet slip wins, you only need to return to the shop with the ticket for the payout. Alternatively, you do that by logging into your online account and cashing out.

Blacklisted Betting Sites in Nigeria

Responsible Online Sports Betting

Responsible betting involves engaging in the activity in a way that prioritizes your well-being (financial, mental, spiritual, physical…wellness) and ensures a safe and enjoyable experience. Remember, if you are not a professional gambler or punter, sports betting and other predictive games should be treated as recreational activities. IF not managed well, gambling can have an adverse effect to one’s normal life. Here are some key responsible gambling principles to follow to ensure you do not cross that red line:

• Determine and Set a Budget for recreation/entertainment:

  Determine how much money you can afford to spend on sports betting without impacting your essential expenses or financial stability. Set a budget for each betting session and stick to it. Before you bet, make sure you have saved at least 20% of your income, 50% of your living expenses (rent/mortgage, utility bills, food, fees, etc) and in the remaining 30%, you can figure how to further break it down. A good rule of thumb is to never exceed 5% of your total earnings on recreation activities.

• Avoid Chasing Losses:

  It’s important to accept that losses are a natural part of sports betting as we have demonstrated above. Avoid the temptation to chase a lost bet by placing larger bets or trying to recoup your losses immediately. Stick to your predetermined budget and betting strategy.

  For example, if you know Barcelona to be competitive, you have to acknowledge factors such as “being weary of favourites.” In a 38-game division, just because Barcelona has drawn or lost a match does not mean they will lose all their games. Depending on your strategy, they will win many future games and if you are patient, you can earn a great return by end of season.

• Understand the Risks: Educate yourself about the odds, probabilities, and potential outcomes of the bets you place. Do not follow the crowd or online tips you see online. Make informed decisions based on your understanding of the sport and the factors that influence the outcome.

  Most times, if you follow the crowd, you regress to the mean. The reason why top gurus are top is because they do not make think or make decisions like the masses. Know the hand you are dealing and your edge in a bet. Just because a match has high or low odds, does not mean it predicts an outcome. Sometimes, skewing irrational behaviour is also a strategy.

• Bet with Disposable Income: This cannot be further emphasized. Only money you are willing to lose or don’t need urgently, for sports betting. Never use money intended for rent, bills, loans, or other essential expenses. Gambling should be viewed as entertainment, not a way to make money or solve financial problems. If you find yourself taking this path, pause and reflect. It could easily turn into a bad addiction. Always have a sense of control.
• Set limits: Most reputable online sports betting platforms offer tools to help you set limits on your betting activities. These may include deposit limits, betting limits, and time limits. Utilize such features to maintain control and prevent excessive gambling. Find a notebook and write your plans and stick to them religiously.
• Take breaks: Avoid prolonged periods of continuous betting. Take regular breaks to assess your betting patterns, evaluate your results, and ensure that betting remains an enjoyable activity rather than an addictive behaviour. Analyse to see when and why you lose. Is it because you size your sta₦ poorly, expect too much, lack discipline like adding games you had not analysed…? These are blind spots to avoid. Never bet because you could win money. Only bet because your conviction is strong. Winning small continuously is better than targeting big wins. “If the math is not mathing,” take a brake and re-evaluate.
• Seek SUPPORT if Need Be: If you find it challenging to control your betting habits or suspect you may have a gambling problem, don’t hesitate to seek support. Many countries have helplines, support groups, and resources available to assist individuals with gambling-related issues. All responsible betting sites have a department that can help with this too. Always reach out.
• Protect Personal Information: Safeguard your personal and financial information when betting online. Stick to reputable and secure platforms that utilize encryption and secure payment methods. If you win, handle your money carefully. Have some anti sim swapping on your phone lines and do not leave large amounts on betting sites without security.

  Do not go into impulsive spending or buying as this too may trigger bad decisions and behaviour. Always have something desire on the side that if you strike gold, you would fulfil. For instance, if you win a jackpot, you can promise to go with your special someone(s) on a nice vacation or invest in something. In that case, personal information means also not getting in the urge of sharing information about your winnings to distance or close people without thought. Privacy is important. What people do not know; they cannot ruin.

• Be aware of time spent: Online sports betting can be time-consuming. Set time limits for your betting activities and avoid neglecting other important aspects of your life, such as work, relationships, and hobbies. Adopt a set and forget attitude. You do not need to watch all the matches you have placed a bet on. Unless you are playing live betting, watching a match won’t change the results. Remember the earlier tips we have discussed. Stop breaking your back and wasting your time on betting. Tend to important things in your daily life. Go fishing, take your spouse or kids out, farm the garden, etc.
• Stay Informed about Responsible Gambling Practices: Stay updated on responsible gambling guidelines and resources. Many sports betting websites provide educational materials, self-assessment tests, and links to organizations that can offer assistance.

Remember, responsible sports betting involves maintaining control, gambling within your means, and treating it as a form of entertainment rather than a guaranteed source of income.

Betting Bonuses & Promos Explained

Here are five different types of betting bonuses and promotional offers that online sports betting companies may offer:

Welcome Bonus:

A welcome bonus is a type of promotion that is offered to new customers who sign up for an account with a sports betting company. This bonus usually ta₦ the form of a percentage match of the initial deposit made by the customer, up to a certain limit.

Free Bet:

A free bet is a promotion where a sports betting company offers customers the opportunity to place a bet without having to risk their own money. The free bet may be a fixed amount or a percentage of the customer’s stake, and may be subject to certain terms and conditions.

Enhanced Odds:

Enhanced odds are promotions where a sports betting company boosts the odds of a particular bet to attract customers to place a wager. This promotion may be offered for a limited time or for specific events, and may be subject to certain terms and conditions.

Cashback:

Cashback promotions are offers where a sports betting company refunds a percentage of the customer’s losses as a bonus. This type of promotion may be offered on specific days or for specific events, and may be subject to certain terms and conditions.

Reload Bonus:

A reload bonus is a type of promotion that is offered to existing customers who make a new deposit into their account. The bonus usually ta₦ the form of a percentage match of the deposit made, up to a certain limit, and may be subject to certain terms and conditions.

It’s important to note that while these promotions can offer significant value to customers, they often come with terms and conditions that must be met in order to qualify for the bonus or promotion. It’s essential to read and understand the terms and conditions of any promotion before accepting it. Additionally, it’s important to practice responsible gambling habits and bet within your means, regardless of any bonus or promotional offer.

Rank	Betting Site	Bonus	Get Bonus
1.	1xBet	200% sign up bonus up-to ₦ 20,000	Get Bonus!
2.	22Bet	100% sign up bonus up-to ₦ 15,000	Get Bonus!
3.	Betwinner	100% sign up bonus upto ₦ 15,000	Get Bonus!
4.	Helabet	100% sign up bonus upto ₦ 10,000	Get Bonus!
5.	Betway	50% sign up bonus upto ₦ 5,000	Get Bonus!
6.	Mozzartbet	No signup bonus but best odds	Get Bonus!
7.	Bangbet	50% sign up bonus upto ₦ 2,000	Get Bonus!
8.	Betgr8	100% sign up bonus up-to ₦ 1,000	Get Bonus!
9.	Betsafe	100% sign up bonus up-to ₦ 1,000	Get Bonus!
10.	Chezacash	450% daily karibu bonus offers	Get Bonus!

And that’s a wrap for the list of the best betting companies in Nigeria with welcome bonus for 2023. What do you think? Let us know in the comments below. If you find this page helpful, kindly share it with others social media. Thank you!