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How to become a successful agent in the betting or gambling industry in Nigeria with Sports betting and virtual games such as Virtual soccer, dog and horse racing etc.

 

Sports Betting

 

We have many betting companies in Nigeria such as Nairabet, bet9ja, betking etc as well as many agents attached to these companies but, not all the agents are successful. Some agents can’t even pay their bills not to talk of paying their staffs. Some owe the companies they work for, couple with some touts pretending to be revenue collector from government agencies. This fact and many other factors seam to make sports betting agent unsuccessful with betting /gambling business.

 

What to look out for before starting a betting shop

 

Most betting / gambling companies in Nigeria today has proximity rules guiding the firm. Before start up a betting / gambling shop, first and foremost you need to take a survey of all the existing betting companies around the location where you want to start your own shop betting business as this, will go a long way In helping you make a choice of which sports betting company you will have to register or sign up with. I will be listing some reputable betting/ gambling companies you can choose from in this article later.

 

Which betting company do you register with after your lookout or research?

 

This is where 80% of existing and upcoming agents gets it wrong. Almost all upcoming agents’ wants to go for bet9ja probably because of the love customers have for the company. Am not saying that Bet9ja is not good, in fact after your research in your location and there is no Bet9ja in that particular location, the best company to go for at that particular time is Bet9ja. When there is Bet9ja existing in that location, Bet9ja as a company will not approve you as a new agent in that same location except it’s up to 15 -20 mins walking distance apart. When you have looked out or researched on your environment knowing the existing and non existing companies around, what do you do next? 

This is the most important aspect in choose or selecting which company to go for. Here are list of some reputable companies that have stood the taste of time.

 

1Becoming Bet9ja Agent

 

Registration Fee: N50, 000 - N70, 000

Commission: between 2% to 20% on total sales (gross profit) weekly depending on the number of accumulation on betslip

Available Games: Sports and Virtual Game. Virtual commission 1 - 6% on selections on bet slip (gross profit)

Minimum Stake: N100 sports N150 Virtual Soccer

Maximum Winning: N50, 000, 000

Minimum Withdrawal: N50, 000

Company payment Status: Excellent. Pays within 24 - 48hrs

Distance between close shops: 15 -20 minutes walk

Customer care Phone Number: 012796666

Website: www.bet9ja.com

 

2. Becoming Betking Agent

 

Registration Fee: Free

 

Commission: between 2% to 30% on total sales (gross profit) weekly depending on the number of accumulation on betslip and monthly bonus

 

Available Games: Sports and Virtual Game. Virtual commision is ... (Betking virtual game is 100% similar to that of Bet9ja)

 

Minimum Stake: N100 sports N100 Virtual Soccer

 

Maximum Winning: N40, 000, 000

 

Minimum Withdrawal: N5, 000

 

Company payment Status: Excellent. Pays in less than 24hrs

 

Distance between close shops: 10 minutes walk

 

Customer care Phone Number:  012777247

 

Website: www.betking.com

 

 

3. Becoming Betfarm Agent

Registration Fee: Free 

 

Commission: 30% Weekly net profit and 25% on Monthly profit i.e total of 55%

 

Available Games: Sports and Virtual Game. Virtual commission 35% Net profit

 

Minimum Stake: N100

 

Maximum Winning: N50, 000, 000

 

Minimum Withdrawal: N5, 000

 

Company payment Status: Excellent. Less than 24 hours

 

Distance between close shops: 10 minutes walk

 

Customer care Phone Number: 08181988888

 

Website: www.betfarm.com

 

 

4. Becoming Nairabet Agent

 

Registration Fee: N50, 000 - N110, 000. You will be given some equipments and startup fund.

Commission:  50% Monthly on Net Profit

Available Games: Sports and Virtual Games

Minimum Stake: N100

Maximum Winning: N20, 000, 000

Minimum Withdrawal: N10, 000

Company payment Status: Excellent. Pays in 24hrs

Distance between close shops: 10  minutes walk between 2 shops

Customer care Phone Number: 070 6247 2238

Website: www.nairabet.com

 

5Becoming Naijabet Agent

 

Registration Fee: N10, 000

Commission: 35% on Net Profit (total sales - total winning) Weekly

Available Games: Sports and Virtual Games

Minimum Stake: N100

Maximum Winning: N25, 000, 000

Company payment Status: Excellent. Pays in less than 24hrs

Distance between close shops: 10 minutes walk

Customer care Phone Number: 0818 5800 374, 0706 343 7475 

Website: www.naijabet.com

 

6. Becoming Merrybet Agent

 

Registration Fee: N10, 000

Commission: 35% Weekly or 50% Monthly on Net Profit

Available Games: Sports and Virtual Games

Minimum Stake: N100

Maximum Winning: N10, 000, 000

Company payment Status: Excellent. Pays in less than 24hrs

Distance between close shops: 10 - 15 minutes walk between 2 shops

Customer care Phone Number: 0813074162509063860337

Website: www.merrybet.com

 

There are so many betting companies in Nigeria today in fact in my list I have over 55 sports betting companies in Nigeria. Some has folded some are existing and some are not paying while others are paying very well. You can click here to see the list of betting companies in Nigeria. Please note, For the sake of this article, I will be making use of only the above mentioned, reason is that they have all been tested and are paying very well. Some of them might have had difficult times in the past but they are all paying.

Let’s move on!

We shall be dealing on Sports and Virtual games.

 

Choosing or Selecting a sports betting company in Nigeria

 

All the above mentioned betting companies have virtual games please note: If you want a company that offers the same commission structure on sports like Bet9ja, and bet9ja is already existing in the location you want to operate, then go for Betking or Nairabet as this two companies commission on sports is better than what bet9ja is offering. They offer you 2 - 30% on turnover / total sales weekly while bet9ja offers you between 2% - 20% weekly. All depending on the number of accumulation (Selections) on a betslip. Apart from Betking and Nairabet, every other above mentioned sports betting companies commission is based on net profit weekly this means that you only get commission only when you make profit and when there is no profit you make nothing but the company will take care of the loss difference. Don’t be scared as punters or stakers hardly win you will still be making good profit. Let me break it down. When I say your commission is based on net profit, I mean this, If for example your total sales for the week is 100, 000 and your total winning is 60, 000 your net profit will be 100,000 – 60, 000 = 40, 000 so your commission will be based on the 40, 000. Which means if for example you are on 35% weekly, you commission will be 0.35 x 40, 000 = 14 000. So your commission that week is N14, 000 and you have to send N26, 000 back to the company. Hope it is understood. Now let’s get back to choosing our betting companies. Factors to consider in choosing a company includes speed of payout, odds and bonus. So you have to compare the odds and bonus of the above mentioned companies before making a choice. Also note that odds and bonus changes. The fastest paying among these companies is Betking others takes between 24 – 48hrs before paying while that of bet9ja minimum withdrawal is N50, 000 and it also takes 24 – 48 hours to get it to your bank account.

Finally choose any of the above companies after your research that is not existing in that particular location, this means that if bet9ja is in that location and there is no Betking, choose Betking or if Nairabet is there and you don’t have bet9ja, choose bet9ja depending on the type of commission you want as mentioned. If you have Nairabet, bet9ja, Betking and Betfarm then choose Naijabet. Just lookout for a particular company among the once mention above that have good odds and bonus and that is not in that location and pick that one. In other of ranking Bet9ja, Betking, Betfarm, Nairabet, Naijabet, and Merrybet. That is it on choosing a sports betting company. Let’s talk about virtual games. Also note that it does not mean that a sorts betting company must be popular before you become their agent, No! Once they have good odds and bonus comparing with existing once in your location and they also have flexible virtual game hosted on satlite, you can go for it.

 

Virtuals games

 

Virtual games include virtual soccer, dog and horse race, super dice, 49ja, lucky6, keno, fortuna etc. Do you know it is more profitable running a complete virtual game shop than running sports betting? The answer is yes! 

We all, that are existing sports betting agents, known that what is trending in sports betting shop in Nigeria now are virtual games. virtual soccer in particular. This is because the payments when a customer wins are instant. So any betting shop without virtual games especially virtual soccer and i mean flexible virtual soccer is not yet a complete sports betting shop. The difference between having a virtual soccer and having a flexible virtual soccer is that, virtual soccer most of the time have restrictons in some betting combinations while flexible virtual soccer has no restrictions what so ever, customer can do any combination they want or they like. Apart from Bet9ja as at the time of this update, only one (1) sports betting company in Nigeria have this type of flexible virtual soccer and that company is Betking Oh yes! you hard me Betking. This is the only and best alternative to Bet9ja and I highly recommend this company to any one wh wants to become and agent where bet9ja already exists. There registration is free and their minimum withdrawal is just N5, 000 with 100% similar virtual game to bet9ja. It does’nt really matter the betting company you choose or you are working with currently, what matters is the virtual game. Statistics have shown that virtual games can boost your betting shop upto 85% so you see you can not do without virtual games. Almost every sports betting company in Nigeria today have virtual soccer so all you need to do is to request for 1 from your company if their virtual soccer is flexible. Note, if the virtual soccer is not flexible, you will not sell.

There are 2 types of virtual games, the once that makes use of internet connection to display on tv and the once that makes use of satellite. When you want to include virtual game or virtual soccer in your sports betting shop, I recommend the one that uses satellite as this will prevent you from spending so much money on data. Basically, almost all the sports betting companies in Nigeria have the satellite versions. I want you to note that all virtual games in Nigeria are developed by goldenrace / vsoft so they are all the same no much difference. Below are some of the companies in Nigeria with satellite versions.

 

Betking offers 2 - 10% on turnover or total sales weekly depending on number of accumulation on betslip. Registration is completely free

 

Bet9ja  offers 2-6% on turnover or total sales weekly depending on number of accumulation on betslip. Displays premier league. Reg fee: together with sports 50K

 

Nairabet  offers 35% on net profit weekly. Displays premier league. Reg fee: 50k

 

Naijabet offers 50% on net profit weekly. Displays premier league. Reg fee: 10k

 

Betfarm offers 35% on net profit weekly. Displays premier league. Reg fee: Free

 

Merrybet offers 35% on net profit weekly. Displays premier league. Reg fee: 10k

 

You can still verify this from there official websites as this might be changing at any time.

You can register with any of the above mentioned company on virtual and start smiling to the bank.

 

Final note: If you are unable to register as an agent of Bet9ja, then your first alternative choice should be Betking before you think of any other company. To learn more about becoming an agent with BetKing, please click here

 

Professional tips to abide to in your bet shop in other to be successful.

 

  1. Try never to stake or place personal bets in your bet shop as this will send you back to your village in no time especially on virtual soccer. But in general try not to place personal bets with company’s money. If you must play, pay but it’s not recommended at all.
  2. Always run your account daily as this will help you decode when something is wrong with you or your staff or the company you are registered with.
  3. Pay your money daily at the bank before 4pm as this will reduce cash in the shop to reduce or prevent criminals
  4. Always run your shop expenses from your personal money or your pocket as this will enable you see your profit at the end of the week or month
  5. Try and install solar electricity as this will reduce the cost of fuel consumption.
  6. Always keep distance between bet shops, they be to close to one another no matter what except the are is highly congested

I wish you success in your business.

Thank you for taking your time to study this article. From me signing out is Christopher Okwuokei. You can beep me on 08038302459 for consultation.

 

 

 

Here are list of top 10 best and fastest paying sports betting websites in Nigeria.

#1. Nairabet:  100% paying, 100% high odds, 35% bonus on 10 selections, single bet allowed, 24 hrs withdrawal, customer care response 5 star, minimum stake N50, maximum winning N25, 000, 000. 

 

 

Nairabet     is the first, oldest, strongest, most financially stable and fast paying betting company in Nigeria with world class customer support. Offers huge bonus on first deposit plus bonus on a ccumulated bets. chrix

Nairabet sports betting site was founded in early 2000 by Otunba Akin Alabi who is the C.E.O, A Nigeria entrepreneur and philanthropist from Ibadan, Oyo State. Nairabet is Nigerian's first online sports betting portal or website as yo may call it. Nairabet has her headquaters in Lagos state and also have her branches spread nationwide. Nairabet is strongly regulated by National Lottery Regulatory Commission.

Nairabet also have the cash out option available for its users, this cash out option reduces the risk of loosing bets or stakes as well as increases your winning chances.

To learn more about Nairabet CASH OUT and never loose a bet, Please click here . Nairaet has gone a step ahead by going into partnership with MTN Nigeria so that all Nairabet customers using MTN Nigeria sim cards or network can place their bet completely free of charge with free 50mb data for browsing on Nairabet, this means that you can now broswse through Nairabet website, book a bet or play bet free of charge without buying data. To learn more about how this works please click here.

Nairabet now pays you when you loose a bet on you bet slip; This 1 mean say if 1 cut your ticket, Nairabet go still pay you. To learn more on how to get paid when your ticket cut, please click here. You can also place bets on a match or games that has already started or still in-play. This betting company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. Click here to join Nairabet.

Please Note: If your are asked for Affiliate code when registering, leave the field blank or use a_2278b_0 

Also Note:To register successfully with Nairabet make sure that the password you select while registering on Nairabet website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314

 

#2. Naijabet: 100% paying, 90% high odds, 35% bonus on 10 selections, 12hrs withdrawal, customer care response 5 star, minimum stake N50, maximum winning N25, 000, 000.

naijabetlogo

Naijabet is a fast paying betting company in Nigeria for online customers who wants to play with their laptop or mobile phones. Naijabet ws founded by Femi Kukoyi.

It only take few hours to withdraw your money from your betting account to your bank account. 100% bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that has already started or still in-play. 

This company is highly recommended for customers who wants to stake/ or place bets with their mobile phones or laptop. Click here to register with Naijabet.

Also Note: To register successfully with Naijabet make sure that the password you select while registering on Naijabet website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314

#3. Betway: 100% paying, 100% high odds, 100% bonus on first depsite upto N20,000, 12hrs withdrawal, customer care response 5 star, minimum stake N10. Single bet allowed, upto 30 accumulations per betslip.

Betway is one of the bestsports betting company operating in so many Countries, for online customers who wants to play with their laptop or mobile phones. Betway is the official sponsor of the English Premier League Team Stoke City.

Betway was founded in 2006, UK based with operational license in Malta, Italy, Denmark, Spain, Belgium, Germany, Ireland, Uganda, South Africa, Kenya and Ghana  based in Malta & Guernsey with support from London, Cape Town and Isle of Man and also a member of European Sports Security Associaton, Independent Betting Adjudication and Accredited by international Testing Agency.

It only take few hours to withdraw your money from your betting account to your bank account. 100% bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that has already started or still in-play. 

This company is highly recommended for customers who wants to stake/ or place bets with their mobile phones or laptop. Click here to register with Betway.

#4. 1xbet9ja: 100% paying, 90% high odds, upto 100 euros deposit bonus, minimum deposit 10 euros or N3, 700 single bet allowed, 24 hrs withdrawal. customer care response 5 star, minimum stake 0.10 euro or N40, maximum winning 200, 000 euro or N73, 000, 000.

1xbet or 1x-bet or 1xbet9ja  are all the same sports betting company and also a very fast paying betting company in Nigeria for online customers who wants to play or place bets with their laptop or mobile phones.

1xbet was founded in 2007 and is currently one of the leaders European bookmaker business. It only take less than 2 hours to withdraw your money from your betting account to your bank account. 1xbet is an international sports betting company base in Russia with branches in Nigeria and Kenya.

They offer upto 100 euro deposit bonus on first deposit so make a wise choice when doing your first deposit. 1xbet also allows you to place bets on a match or games that has already started or still in-play. You can make deposit into your 1xbet account with your ATM Debit Cards from Gtbank, Access bank, FCMB or via GTpay, Perfect Money, Okpay, Bitcoin and Skrill or Bank Transfer. You can also withdraw through any of the previous listed payment system or directly to your bank account in local or international currencies.

This company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. Click here to join 1xbet

 

#5. Bet9ja: 100% paying, 87% high odds, 26% bonus on 10 selections, single bet allowed, 24 hrs withdrawal, customer care response 4 star, minimum stake N100, maximum winning N50, 000, 000.  

Bet9ja is currently the biggest sports betting company in Nigeria. Their payout is between 24hrs to 72 hrs.

Bet9ja was funded in 2013 by Kunle Soname who is also the Chairman, This sports betting  company offers betting on major sports betting events operating in Nigeria. Bet9ja is traded under KC Gaming Networks Limited and runs series of shareholders of multiple Nationalities. Bet9ja is licensed by Lagos State Lottery Board.

Bet9ja offer bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that has already started or still in-play. Bet9ja also have the cash out option available for its users, this cash out option reduces the risk of loosing bets or stakes as well as increases your winning chances. To learn more about bet9ja CASH OUT and never loose a bet, Please click here  .

This company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. Click here to join Bet9ja

Please Note: If your are asked "Do you have Affiliate code " when registering, leave it at default "yes" the system will fill it in by itself.

Also Note: To register successfully with Bet9ja make sure that the password you select while registering on Bet9ja website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314

#6. Betfarm: 100% paying, 70% high odds, 21% bonus on 10 selections, single bet allowed, instant withdrawal upto N500, 000 , customer care response 5 star, minimum stake N50, maximum winning N50, 000, 000.

bestcitybet.com betfarm

Betfarm is also an instant paying sports betting company in Nigeria for both online customers who wants to play with their laptop or mobile phones and agents in shop. Betfarm have high odds and bonus and also offers 100% bonus on your very first deposite. Betfarm also have the Cashout option that helps to reduce the risk of losing a bet.

It only take less than 30 minutes to withdraw your money from your betting account to your bank account when the amount is less than N500, 000. You can also place bets on a match or games that has already started or still in-play.

Betfarm is founded by Corporate Investors in 2018 and have her head office at Banex Plaza, Abuja, Nigeria with operational license no: PPL 08059 AMAC, Abuja, FCT. This company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. Click here to register with Betfarm

Also Note: To register successfully with Betfarm make sure that the password you select while registering on Betfarm website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314

 

7. Lionsbet: 100% paying, 84% high odds, 19.8% bonus on 10 selections, single bet allowed, less than 24 hrs withdrawal, customer care response 5 star, minimum stake N50, maximum winning N20, 000, 000. 

 

lionsbet  is one of fastest paying betting company in Nigeria for online customers who wants to play with their laptop or mobile phones.

It only take few hours to withdraw your money from your betting account to your bank account. It takes less than 24hrs to withdraw from your lionsbet account to your bank account in fact, If you apply for your withdrawal before 8:30am yo will receive your bank alert same day. 100% bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that has already started or still in-play.

This company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. Click here to register with lionsbet.

Also Note: To register successfully with lionsbet make sure that the password you select while registering on lionsbet website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314 

 

#8. Merrybet: 100% paying, 84% high odds, 19.8% bonus on 10 selections, single bet allowed, less than 24 hrs withdrawal, customer care response 5 star, minimum stake N50, maximum winning N10, 000, 000. 

 MERRYBET

Merrybet  is on of the fastest paying betting company in Nigeria for online customers who wants to play with their laptop or mobile phones. Merrybet was founded by Ope Fashakin

It only take few hours to withdraw your money from your betting account to your bank account. It takes less than 24hrs to withdraw from your merrybet account to your bank account in fact, If you apply for your withdrawal before 8:30am yo will receive your bank alert same day. 100% bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that has already started or still in-play.

This company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. Click here to register with Merrrybet.

Also Note: To register successfully with Merrybet make sure that the password you select while registering on Merrybet website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314 

 

#9. Lovingbet: is 100% paying, 84% high odds, 25% bonus on 10 selections, single bet allowed, less than 24hrs withdrawal, customer care response 5 star, minimum stake N50, maximum winning N5, 000, 000.

Lovingbet   is another fast growing betting company that pays fast in Nigeria for online customers who wants to play with their laptop or mobile phones. It only take less than 24 hours to withdraw your money from your betting account to your bank account.

Lovingbet offers 100% bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that has already started or still in-play. Lovingbet also allows you to place bet on virtual games such as dog race, horse race, virtual football etc. Lovingbet is the first and only company in Nigeria that offers you a chance to get back 5% of you loss using their cash back promo code with unlimited betting options. At Lovingbet, winning is your birth right.

This company is highly recommended for customers who wants to stake or place bets with their mobile phones or laptop. To join Lovingbet, Click here  

Also Note: To register successfully with Lovingbet make sure that the password you select while registering on Lovingbet website is upto 8 characters and above. Your password must contain some letters, some numbers, capital letter, small letters, and symbol. Example: Delta@2314

 

#10. Surebet247: 100% paying, 84% high odds, 25% bonus on 10 selections, single bet allowed, less than 24hrs withdrawal, customer care response 5 star, minimum stake N50, maximum winning N10, 000, 000.

Surebet247 was founded by Sheiff Olaniyan

 

Click here to see List of Active and Suspended Sports Betting Companies In Nigeria by Lagos State Lottery Board

 

Here are list of 38 Betting Companies for those who want to become an agent or already running a betting shop.

 

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