When looking to place bets in Nigeria, it is important to consider which bookmakers offer the best odds. It’s a common misconception that there is a universal market rate for bets, or that all companies use the same software. This article will look at the top 3 betting site with highest odds in Nigeria.
Before getting stuck in, we need to quickly clear up how this is assessed. Each bookmaker takes a margin, which is the profit for themselves. It may be difficult to determine what that margin is on the face of it, because what are the “true odds” of an event happening? But, we know that if we bet on both sides of the coin (i.e. Djokovic to win and lose a certain tennis match), then we will not be guaranteed all of our money back – the more we lose, the greater the margin is. This is more apparent in 50/50 events, yet the odds are less than evens (1/1) for both outcomes.
With that in mind, let’s explore the bookmakers with the highest odds in Nigeria.
Best odds
An online bookmaker with one of the lowest margins in Nigeria is Nairabet, which has a 3.87% margin – considerably less than the 5%+ market average. Nairabet is a credible bookmaker that has a ₦50 minimum bet and some good betting markets.
If you’re a big football fan, 1XBet is a perfect choice. With an impressive 2.99% margin and a ₦100 000 sign-up first deposit bonus, it’s difficult to ignore. Not only is this the lowest margin on record, but its minimum bet is lower than most of its competitors too at ₦30. 1XBet is a large international bookmaker but it operates legally in Nigeria. Make sure not to search for international companies that do not specifically operate in Nigeria, because these will be unlicensed, unregulated, and unsafe.
Overall, 1XBet is perhaps the highlight here when it comes to odds. It also has EPL, NHL, NBA, and many other sporting markets. However, other options that have a margin of under 5% include: Afribet Nigeria, WGB, SportyBet, and Bet Winner. Of these, the ones with a first deposit sign-up bonus are Afribet Nigeria and Bet Winner.
Final Word
Are odds the be-all and end-all of deciding on what bookmakers to use? Not entirely. It’s certainly an underrated aspect of a bookmaker, and it will be more important the more bets you place. However, some people like to use multiple website to capitalise on bonuses and promotions. When this is your priority, odds become less important. Even a 5%+ margin won’t stop you from benefiting from the promotions and potential success.
Events during a game reflect odds that are much more difficult to assess, because they’re constantly changing and are harder to compare between bookies. If you find that to be the case, it’s worth reading reviews of the site to see if others have informed opinions on the in-play odds, or simply try comparing two companies in the same moment during a game.
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