LionsBet Sportsbook Bonus

That being said, the amount of money returned to you, depends on the odds being offered at the time of cashing out, and the time at which you decide to Cash Out – You may go on to receive more, or less than the amount you initially staked.

LionsBet Nigeria Sports Betting Review 2022

LionsBet is one of the most popular bookmaker’s in Nigeria, and Zambia. Having been founded in 2016, LionsBet is among the newest entries in the world of betting. LionsBet is headquartered at Victoria Island, Lagos, and holds a full gambling license from the Lagos State Lotteries Board, and is regulated by the same. The bookmaker is most popular for the number of football markets it provides for.

That being said, the purpose of this review is not to gauge whether LionsBet is a good platform or not, as this is an already established fact. The purpose of this review on the other hand, is to determine whether the bookmaker ticks all the right boxes, when it comes to you choosing a bookmaker. Is LionsBet the perfect bookmaker for you? Read on to find out, and learn much more, in due course of our detailed LionsBet Bookmaker Review.

As soon as you open the bookmaker’s website, you will be redirected to a page which looks like the above mentioned image. You must select your country of residence, and select the device which you are using. As soon as you select an option for both categories, you will be redirected to the bookmaker’s website, automatically.

You can register at LionsBet as soon as you are on the bookmaker’s website. You must click on the “Register” button, present at the top right of your screen. As soon as you click on this button, you will redirected to a page, which looks like the below mentioned image.

When the bookmaker’s registration page opens, you must enter all relevant details. You must choose a unique Username and Password for yourself. You must also enter your E-mail, First Name, Middle Name (If Any), Last Name, Date of Birth, State, and Mobile Number. Your mobile number must be ten digits long, and you do not need to enter a Promo Code. We will get into the details of LionsBet’s welcome offer, in another section of this review.

Tick the “acceptRules” box, and the “registerAll” option, to ensure that your personal detail are registered on the bookmaker. That being said, LionsBet is a secure platform, and you need not worry about miscreants leaking your personal information, or misusing it. As soon as you have entered all necessary details correctly, click on the “SIGN UP” button, present at the bottom of the registration page. As soon as you click on this button, the below mentioned pop-up box will appear on your screen.

At this stage, you can login to your LionsBet account. You will receive two messages on your message section, which is present to the left of the “Deposit” option, at the top right of your screen. One message pertains to you having a low balance, while the other pertains to your 100% welcome offer. At this stage, you can choose to either deposit funds into your account, or first gauge the various markets at offer, at LionsBet.

It must be noted that KYC might be requested, when you are withdrawing funds from LionsBet. If you are withdrawing an amount equal to, or above 250,000 NGN during your first withdrawal, KYC will be requested. If you are withdrawing 500,000 NGN during your first withdrawal, you will be physically verified by LionsBet.

That being said, you have nothing to worry about, if the details entered by you during the registration process, are authentic, and match your personal identification information.

Once you have registered on LionsBet, it must be noted that you will not be automatically redirected to the bookmaker’s Deposits and Withdrawals section. You must click on the “Deposits” option, present at the top right of your screen. Once you click on this option, you will be redirected to a page, which looks like the above mentioned image.

There are several available deposit methods on LionsBet, including Paystack, Webpay, Quickteller, Paydirect, and ATM Deposit. It must be noted that the use of Credit Cards will be banned altogether, from the 14 th of April, 2020. No deposit fees are charged, when you deposit funds into your LionsBet account, and funds reflect in your account almost instantly.

The minimum deposit amount using Paystack, Quickteller, and Webpay is 50 NGN, while the maximum deposit amount is 1,000,000 NGN. There are over 20 banks you can transfer funds from, when you use Paydirect. These include:

When it comes to an ATM deposit, you must visit an ATM near you, and follow these steps:

When it comes to withdrawals, no withdrawal fees are charged. That being said, there is only one available withdrawal option – via Bank Transfer. It takes 1-7 Working Days for a withdrawal to be processed. The minimum withdrawal amount is 1,000 NGN, while the maximum withdrawal amount is 500,000 NGN.

If you are withdrawing an amount equal to, or above 250,000 NGN during your first withdrawal, KYC will be requested. If you are withdrawing 500,000 NGN during your first withdrawal, you will be physically verified by LionsBet.

At the time of writing, LionsBet is offering an excellent welcome offer, of 100%, on the first deposit that you make, up to 100,000 NGN. You do not have to enter any welcome offer promo code curing the registration process, but you have to abide by LionsBet’s terms and conditions, to successfully use the welcome bonus, and ensure that your bonus account is merged with your main account.

As soon as you make your first deposit, your account will be credited with a welcome bonus, equivalent to 100% of your deposit amount, up to 100,000 NGN. This means that if you deposit 101,000 NGN, your main account will have 101,000 NGN, while your bonus account will have 100,000 NGN.

To make use of the bonus amount, you must wager the bonus amount on 5 or more selections on a bet slip, each selection having individual odds of 1.5 or more. You must rollover the bonus amount, seven fold, in order to ensure that your bonus account is merged with your main account. That being said, once the bonus amount has been credited in your bonus account, you must fulfil the above mentioned terms and conditions, within 30 days.

At the time of writing, there are several exhillirating promotional offers at offer, at LionsBet. You can enter into a lucky draw, and win up to 1,000,000 on a weekly basis! All you have to do, is submit at least 10 bet slips, with a minimum stake of 500 NGN each.

Bet slips with single bets, must have individual odds of over 1.8, while bet slips with multiple bets, and must have individual odds of over 1.3. For every 10 bet slips that you submit, you receive one entry to the draw. The more bet slips you submit, the higher are your chances of winning the draw, come the end of a week, as the punter with the highest total accumulated stakes wins.

At the time of writing, if you win an accumulator bet with three or more selections, with each individual selection having odds of over 1.2, your winnings will be boosted. The boosted amount has not been specified by LionsBet. The more the number of selections on your winning accumulator bet, the higher will be your boost.

At the time of writing, a 50% bonus is available on the second deposit, up to 100,000 NGN, while a 25% bonus is available on the third deposit, up to 100,000 NGN. To make use of the bonus amount, you must wager the bonus amount on 5 or more selections on a bet slip, each selection having individual odds of 1.5 or more. You must rollover the bonus amount, seven fold, in order to ensure that your bonus account is merged with your main account.

That being said, once the bonus amount has been credited in your bonus account, you must fulfil the above mentioned terms and conditions, within 30 days.

VIP Program

At the time of writing, LionsBet does not offer a VIP program per say, but it does offer its customers with several interesting loyalty rewards. FreeBets is a service which rewards customers with a free bet of 500 NGN, for staking 20,000 NGN, for having reached a set limit of stake amount. Free bets must be used within 1 week, and must be staked on selections having minimum odds of 1.3. You can earn a maximum of 50 free bets in a week.

Frequent Player Points is a service which allows you to redeem accumulated virtual points, in due course of placing bets. These virtual points can be exchanged for NGN, and will be sent to your main account. To check your Frequent Player Points meter, you must drag your cursor to the “Balance” meter, and check your “FPP” meter.

Deposit Achievements is another loyalty scheme which sees LionsBet offer its customers a loyalty reward, for attaining a set deposit amount. Once you deposit 100,000 NGN into your account as a whole, you will receive an award of 1% of your deposit.

At the time of writing, there are 20+ sports on offer, at LionsBet. While Football is the most popular sport on the bookmaker, LionsBet offers enticing odds on several other sports, including the likes of Basketball, and Tennis, among others. The bookmaker offers odds on several unique markets as well, including Futsal, Darts, and Snooker, among others. To put it into perspective, LionsBet offer markets to suffice the tastes of almost every punter.

The minimum stake amount, when it comes to LionsBet’s Sportsbook, is 50 NGN, while the maximum stake is 1,000,000 NGN. You must always gauge the terms and conditions associated with a bet, look at the odds offered at several different bookmakers, and place a bet on a bookmaker, in due accordance to the best odds on offer.

Some bookmakers will offer you better odds for a bet that you want to place, so it makes sense to place a bet on those bookmakers, rather than punting on a bookmaker, that will offer you lower odds for the same bet. In essence, bookmakers earn off bookmaker’s margin, and you must be able to determine this number, in order to figure out whether it is worth punting on a bookmaker.

The margin above a 100% market refers to bookmaker’s margin, and it is the margin of the profit which a bookmaker holds over you. A margin which exceeds the 110% threshold, is not worth punting on, as you are more likely to lose the placed bet, than not. To determine bookmaker’s margin, you must calculate the Odds Overround for a bet. This is an easy process, which involves you converting fractional odds, into the decimal form, for each outcome of a bet.

You must then divide each individual outcome by 100, and add the outcomes together. The resultant number is the Odds Overround for that bet. To determine the competiveness of the odds at offer, at LionsBet, we determined the Odds Overround for a match in the English Premier League. The Odds Overround were found to be 103.09, which indicates that the market is active, and that the odds at offer, at LionsBet, are of a competitive nature indeed.

Esports

Esports are extremely popular among the young generation, and is of no surprise that LionsBet offers several Esports markets. To access LionsBet’s Esports sections, click on the respective Esports that you would like to punt on, via the markets column, present on the left hand side of your screen.

At the time of writing, LionsBet offers odds on Call of Duty, Overwatch, Rainbow 6, and FIFA (Unspecified Version). There are several tournaments which take place in due course of the year, so perform your due diligence, and punt on a team which is most likely to win.

That being said, LionsBet offers different minimum and maximum betting limits, when it comes to placing a bet on an Esports market. These limits depend on the odds that you are backing, and the selection/selections that you have made.

Other Specials

LionsBet offers several enticing Specials markets, including the likes of Entertainment, and Politics. To access LionsBet’s Specials section, click on the “Specials” option, which is present along with all Sports, and Esports markets, on the left hand side of your screen. When it comes to Politics, LionsBet is offering odds on the US Presidential Election – Next President, and US Presidential Election – Winning Party, at the time of writing.

When it comes to Entertainment, LionsBet is offering odds on several markets, for the Oscars 2020, at the time of writing. That being said, LionsBet offers different minimum and maximum betting limits, when it comes to placing a bet on an Esports market. These limits depend on the odds that you are backing, and the selection/selections that you have made.

Cash Out and Bet Builder

At the time of writing, while LionsBet does come with an option to Cash Out, it is currently under maintenance, and we are not sure when it will go live. Nevertheless, Cash Out allows you to receive partial winnings on a bet, if you feel that you may go on to lose a placed bet.

That being said, the amount of money returned to you, depends on the odds being offered at the time of cashing out, and the time at which you decide to Cash Out – You may go on to receive more, or less than the amount you initially staked.

Unlike many popular bookmakers, LionsBet does not offer its customers Bet Builder. We hope that LionsBet works on this, and offers Bet Builder in due course of time.

Regulation: Lagos state lotteries Board

LionsBet Welcome Bonus

While most online betting sites in Nigeria provide some kind of welcome bonus to new players, LionsBet goes beyond that and provides not only one but three bonuses on your first three deposits!

On your first deposit, you get a bonus that is matched 100% to your deposit up to a limit of ₦100,000. On your second deposit, you get a bonus that is matched 50% to the deposit up to a limit of ₦100,000, and on the third deposit, you get a bonus that is equal to 25% of your deposit up to a limit of ₦100,000. All these bonuses have 5x the bonus size as wagering requirements in order to make them withdrawable and you have to bet on odds which are at least 1.50.

Important conditions you need to be aware of:

Win 1,000,000 Naira Weekly

Do you think you’re a sports betting lion? Master of your domain, king of your troop? Then today is your lucky day! Lionsbet is celebrating the launch of LionsBet.com new and improved mobile version with a unique and fantastic competition! Bet head-to-head with lions like you, assert your dominance and win up to ₦1,000,000 every week.

Important conditions you need to be aware of:

1. This competition is limited to the residents of Nigeria only.
2. This competition is set to run for 8 weeks starting Wednesday August 21, 2019 at 12:00PM Nigeria time.
3. To enter the competition you have to place a bet from your main wallet on lionsbet.com and submit your Betslip ID on betwithlions.com along with your Customer ID and your desired Nickname.
4. Bets from bonuses are not included in this competition, only bets from your main wallet are counted towards your accumulated stakes.
5. Every Wednesday at 12:00PM Nigeria time, for a period of 8 weeks, the top ranking user with the highest accumulated stakes wins the equivalent of his/her total accumulated stakes in cash for a maximum of ₦1,000,000.
6. You can accumulate stakes by placing more bets and submitting more Betslips IDs.
7. You can accumulate stakes by inviting your friends to bet on lionsbet.com using your Betslip sharing URL.
8. Only bets that are placed using your Betslip sharing URL will count towards your stakes balance.
9. Only 1 rebet per shared betslip URL per user will count towards your balance.
10. You cannot share and rebet your own betslips. This will not count towards your balance.
11. Betslip types that are eligible to enter the competition are:
    – Betslips with single bets, where the betting odds are greater than 1.4.
    – Betslips with multiple bets, where each bet’s odds is greater than 1.2.
12. Any tampering with Betslip IDs, sharing URLs, website code, or any other action taken by any user to bypass, break the rules or illicitly influence the competition, will result in immediate suspension of the account and permanent disqualification of the competition without prior notice.
13. Betslips with bets that were placed after the launch date of the competition.

As we said, this is just a small fraction of the different things that Lionsbet allows you to bet on. If you want a more in-depth look at what competitions you can bet on when it comes to soccer, just spend five minutes on their site and all will be revealed.

Payment Methods at Lionsbet

When you have filled in the registration forms for Lionsbet, the next thing that you need to do is deposit some money into the account. Until you do this, you will obviously not be able to place any wagers.

So, are there plenty of banking options at Lionsbet? Unfortunately, the answer to this question is no. It is always good to see many payment options as this means that you can select the payment method that you like and are familiar with, decreasing the odds of you accidentally depositing more cash than you wanted.

The table below shows you the banking options that you can select from at Lionsbet.

The maximum withdrawals per day is at N250,000 while minimum withdrawals are currently at N1,000.

Bonus and Promotions

LionsBet is generous to its customers. Funding your account will open up to you various bonuses that will make your experience at LionsBet a good time and money’s worth.

First Deposit Bonus

New players will be given 100% first deposit bonus of up to N30,000. Aside from this, LionsBet offers various bonuses and promotions such as Accumulator Boost, Cashback, Weekly Freebet, Deposit Achievements, Frequent Player Points, Affiliate program and more.

Deposit Achievement

This bonus rewards loyal customer for making at least N100, 000 deposit amount at LionsBet. This is definitely a steal since such reward can either be withdrawn or used to place bets on your next games. Once the player reached the said amount, the player can request for a payout which is 1% of the deposit made. Every N100, 000 entitles players a 1% payout that can be withdrawn.

Accumulator Boost

This bonus will boost your total winnings. It is calculated on accumulated games of 3 or more selections with at least 1.2 individual odds. Any void events will not qualify for this bonus.

Cashback

This enables players to get a percentage of his losses back at a given period. Players are entitled with 8 matches on bet slip with a minimum odds of 1.3. If the players bet slip contain any game with less than 1.3 odds, the player will not be available for a cashback bonus.

Free Bet

This bonus is a reward for the loyal customers. Players will be able to place a bet on any sports they like and use the free bets to play. Free bets have an expiry date of 1 week with 1.2 minimum odds for a single bet and an accumulator of 1.2 per game.

Frequent Player Points

This enables players to accumulate redeemable points which can be used to stake bets or withdrawn. Once the player reaches 1000 points and clicks on the bonus, the points will be automatically exchanged to real Naira money and will be sent to the winning balance. Every point is equivalent to 1 Naira.

Weekly Giveaways from LionsBet’s Social Media Accounts

Lionsbet weekly giveaways occur every Tuesday on all social media platform of Lionsbet on Facebook, Instagram, YouTube, and Twitter. Winners of the giveaways are gifted with free gifts, vouchers and other exciting bonus that they can use for their session at Lionsbet.

They bring you the following support channels:

Finally, we love the quality of their customer support service, which is premium, in our opinion and experience.

They bring you the following support channels:

1. Live Chat
2. Email
3. Phone – Hotline

Their live chat support team is excellent, because they are trained to answer very fast. It would be awesome if they included a Knowledge Base, because it is the standard for the biggest betting websites in the world.