Home » Lionsbet – Taking the African Gambling Scene by Storm
Positives
  • Betting App available
  • 700 markets to bet on
  • On-going Promotions

Lionsbet has only been around since 2016, but they have already earned themselves a solid reputation as a bookmaker that Nigerians can trust. To find out this up and coming bookmaker is amongst the best betting sites, keep reading this in-depth review.

A Quick Presentation of Lionsbet

Here is a quick summary of what this bookmaker offers.

Sports Betting Soccer, tennis, cricket, rugby, handball, boxing, mixed martial arts, motorsports, volleyball, baseball, cycling, floorball, ice hockey, basketball
Welcome bonus 100% match up to N100,000 on your first deposit, 50% match up to N100,000 on your second deposit, and 25% match up to N100,000 on your third deposit.
Bonus conditions Wagering requirements of 7x and minimum odds of 1.50 or above
Max Bonus N100,000
Payment Methods Paystack, Quickteller ATM, Paydirect, Scratch Card Deposit, Bank Payout
Min. Deposit N50
Services Live scores and cash-out option
Products Sportsbook, virtual sports, and games
Licence Lagos State Lottery Board
Last update

How to Register at Lionsbet

When we find a bookmaker that we want to open up an account with, we want the registration process to be quick and completely hassle-free. Thankfully, when you are registering with Lionsbet, you will find that the process will take no more than a couple of minutes.

Below we have taken the time to highlight the registration process of Lionsbet:

  1. Enter their website and click on the yellow “Register” button that you can find at the top right of the site.
  2. A form will then pop up and you will need to fill in personal information such as your first, middle, and last name, your date of birth, the state in Nigeria that you are living in, your email address, and your mobile number.
  3. Make sure that all of the details that you have added are correct, and then click on the green “Sign-Up” button at the bottom of the form.
  4. You will be required to deposit some money and verify your account, but we talk more about this later on in this review.
  5. Once you have completed the verification process, you have a fully functional Lionsbet Nigeria account.

N.B. As this is a Nigerian bookmaker, you will obviously be able to deposit Nigerian naira into your account. This is always great to hear as it means that you can use a currency that you are used to and that you will not fall prey to large conversion fees.

Is Lionsbet Legal in Nigeria?

When you find a sportsbook that you do not know much about, one of the first things that you should do is check to see whether they are legal and whether you will be playing in a secure and fair environment.

Lionsbet is completely legal in Nigeria as they have a Lagos State Lotteries Board license. When it comes to gambling activities in Nigeria, the Lagos State Lotteries Board is highly respected and are extremely trustworthy.

Before they hand over a license, the Lagos State Lotteries Board will do a thorough analysis to ensure that all the correct boxes are being ticked. However, once a license has been received, the bookmaker cannot rest easy and start to slack. The reason for this is that they will carry out regular checks to ensure that all of their high standards are still being met.

Therefore, when you find a sportsbook that holds a license from the Lagos State Lotteries Board, you know that they have put in the hard work to earn it and that you will not have issues while you are playing there.

Do they have a good level of security? Well, the fact that they hold a license from such a reputable gambling regulator is a clear indicator that they have very good security levels. Security is something that is very important in the gambling world, so they would not have received a license from one of the most respected regulators in Nigeria if they had any issues with their security. Lionsbet uses some of the best security programs around to ensure that any withdrawals or deposits that you make are 100% safe.

The Sports Betting Catalogue: List of Available Sports

What sports are available at Lionsbet? Well, at the time that this review was being written, there were 26 different sports that customers could place bets on.

Below we have provided a list of some of the different sports that you will have access to when betting at Lionsbet.

• Soccer
• Basketball
• Cricket
• Tennis
• Rugby
• Handball
• Baseball
• Volleyball
• Ice Hockey
• Boxing
• Mixed martial arts
• Cycling
• Floorball
• Table Tennis
• Motor Sports

As this is a relatively new sportsbook, you would probably expect them to have lower odds when compared to their competitors that have been around a lot longer. However, you will be glad to hear that this is not the case – they have very competitive odds. In fact, they have better odds than many other African sportsbooks that you will come across, especially when it comes to markets such as soccer and basketball.

Can You Bet on eSports Too?

Betting on eSports is something that is growing in popularity very quickly. In fact, by the end of 2021, it has been estimated that eSports will be raking in close to $2 billion. Therefore, since it is getting more and more popular, many bookmakers have an eSports betting section.

However, Lionsbet is not one of these bookies. Therefore, if betting on eSports is something that is very important for you, should take a look at our other reviews so you can find a sportsbook that offers eSports as well.

Does Lionsbet Provide a Good Variety of Sports Betting Markets?

With 26 different sports available on this website, there is something for all sport lovers, but which sport has the most markets?

Markets

Well, we all know that the most popular sport in the world is soccer, so it should not come as too much of a surprise to hear that soccer has the most markets at Lionsbet. When we were writing this review, there were around 700 different markets that punters could access. However, if you are not a soccer fan, then do not feel dejected as you can find plenty of other sports markets to keep you entertained.

Football

We will concentrate on soccer here though, as this is what most of us Nigerians love to wager on. When it comes to placing soccer bets, you will be able to choose matches from the best leagues in the world:

  • Premier League
  • Bundesliga
  • La Liga
  • Serie A
  • Ligue Un.

When big competitions such as:

  • the World Cup
  • European Championship
  • UEFA Nations League
  • Champions League
  • the Europa League.

You will also be able to find plenty to wager on. However, it is not only the big matches that you can bet on as you can find matches from minor leagues all over the world.

Below is a list of some of the soccer markets that you can try your luck with when you are betting at Lionsbet.

• What team will be victorious?
• Will the match end in a stalemate?
• How many goals will be scored?
• Will both teams score?
• Will a player be sent off?
• Will the number of goals scored be even or odd?
• How many corners will there be?
• Who will score the first goal?
• Who will score the last goal?
• Will there be a penalty?

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.

The Bonuses That Are Available at Lionsbet

If you decide to open up an account with Lionsbet, what type of Welcome Bonus will you be able to claim? Well, they will be more than happy to match your first deposit up to 100,000 naira.

How to Enjoy the Lionsbet Welcome Bonus of 100% Match up to N100,000

Please remember that Welcome Bonuses are only for those players who have just opened up an account with the sportsbook. To add to this, the majority of bookies will not give Welcome Bonuses to a person who has held an account with them before.

So, how can you claim the bonus? Well, it is pretty simple. All that you need to do is fill in the registration form and then deposit up to N100,000. Once you have done this, you will find your deposited amount in your main account and the same amount in your bonus account. In other words, if you deposit N40,000, you will have N40,000 in your main account and N40,000 N in your bonus account.

Sometimes you might be asked to input a code in order to have access to the Welcome Bonus, but there is no need to do this with Lionsbet.

While some sportsbooks will only give a bonus when you make your first deposit, others will provide bonuses when you make a second and third deposit. Lionsbet is a sportsbook that falls into this category. For instance, they will 50% match your second deposit up to N100,000 and they will 25% match your third deposit up to N100,000.

The Advantages of Starting with the Lionsbet Bonus

Welcome bonuses are great as they give you the opportunity to win some extra money without you needing to spend any of your own hard-earned money. When you are using your bonus cash, we highly recommend that you place some risky wagers as you really have nothing to lose. However, if Lady Luck happens to be smiling on you, then you could end up with some nice profits.

As usual, there will be wagering requirements in place, which we will now talk about in the next section.

What Are the Bonus Conditions Put Forward by Lionsbet?

Whenever you get an enticing bonus or promotion from a bookmaker, you will always find that there are some terms and conditions that have been attached to them. So, what terms and conditions apply to Lionsbet’s Welcome Bonus?

The wagering requirements are the amount of times that you must stake the bonus money before you will even be able to think about withdrawing any of it.

  • The wagering requirements for the Lionsbet bonus are 7x, which means that if you get a bonus of N40,000, you must stake N280,000 in order to clear them.
  • Furthermore, you will have to place bets with 5 selections or more all with odds of 1.50 or higher.
  • You will be given 30 days to complete the wagering requirements.

The conditions that we mentioned above apply to the bonuses that you receive when you make your second and third deposits.

Does Lionsbet Offer Free Bets?

Free bets are something that many sportsbooks will provide as they know that it is important to keep all of their players happy.  Lionsbet, despite being relative novices, are well aware of this fact. Therefore, they offer free bets to their customers that spend a certain amount of money with them.

If a Nigerian player spends N20,000 in a week, Lionsbet will give them a free bet worth N500. If a customer spends N40,000 in a week, they will be rewarded with two free bets that are worth N1,000.

These free bets are not the only promotions that you will be able to take advantage of at Lionsbet. Below we will take a brief look at some of the promotions that were on offer when we wrote this review.

  • Accumulator Bonus: Place an accumulator bet with three or more selections of odds greater than 1.20 and if you go on to win, you will receive a nice little bonus. The extra amount that you will win will depend on what your winnings were. The more of a risk you take, the better the bonus accumulator bonus will be.
  • Cashback: Place an accumulator of 10 matches or more with a minimum stake of N100 and minimum odds of 1.30 for each selection. If one game happens to let you down, you will be given 10% of what you would have won. The most that you will receive will be N125,000.
  • Weekly Giveaway: Follow Lionsbet on their social media platforms (Twitter, Instagram, and Facebook) and take advantage of their weekly competitions where you can win some great vouchers and free gifts.

Promotions are changing all of the time in order to stay ahead of the competition as well as ensure that customers remain entertained. If the same promotions are offered all year, customers will get bored pretty quickly.

Therefore, there is a chance that the Welcome Bonuses and promotions have changed since this review was written. If that is the case, it has nothing to do with us – our aim was to give you some sort of idea as to what you can expect.

Does Lionsbet Provide a Loyalty Program?

Loyalty programs are not that common with sportsbooks, but Lionsbet is one bookmaker (along with some others) that is bucking this trend.

When you place wagers at Lionsbet, you will be given redeemable points that will be added to a meter. You will receive 1 point for every N100 that you spend with odds of 1.20 or more. When you get 1,000 points, you can cash them out for N1,000.

When you are taking advantages of loyalty programs, bonuses, or promotions you really need to take a couple of minutes to read all of the terms and conditions. By doing this, you will be able to get a better understanding as to what the bookie expects. Furthermore, it decreases your odds of breaking their regulations and forfeiting the promotion or bonus.

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.

Deposit Methods

Withdrawal Methods

Paystack Card Deposit

Bank Payout

Paystack Bank Deposit

Webpay Nigeria Deposit

Quickteller ATM Nigeria Deposit

Quickteller Nigeria Deposit

Paydirect Nigeria Deposit

Scratch Card Deposit

So, at the table above shows, there is only one withdrawal method available at the moment. The minimum deposit amount is N50, while the maximum deposit amount is N1,000,000. You will be glad to hear that there are no deposit fees.

What Are the Recommended Payment Methods for Nigeria?

When it comes to banking methods for us Nigerians, there are some that are better. However, in this scenario, you do not need to spend your valuable time doing research about each one because they are all solid banking methods for Nigerians. Whichever one you decide to use, you will not have any problems.

If for some reason, you have a problem then you should contact one of their customer support agents and they will be more than happy to try and solve the issue. You can find out more about Lionsbet’s customer care service below.

How Long Does It Take to Withdraw from Lionsbet

When you have money that you want to withdraw from your account, we want to choose a withdrawal method that allows us to receive our money as quickly as possible and with the least amount of fuss possible.

As bank payout is the only withdrawal option that is possible at this moment, you will have to wait anywhere from 1-7 days before you receive your money. We hope that in the near future they add more payment options that will allow you to receive your money on the same day that you request a withdrawal.

The minimum amount that you will be able to withdraw from Lionsbet is N1,000, while the maximum amount that you can withdraw is N500,000. As you are making a bank transfer, there will probably be some fees that you will have to pay. However, in order to know exactly what the fees will be, you will have to check with your own bank.

The Mobile Application: Is Lionsbet Mobile Any Good?

More Nigerians have access to mobile devices than they do desktop devices. Therefore, Nigerians tend to gamble more on their smartphones or tablet. Mobile gambling is great as it gives us the option of placing wagers wherever we happen to be, so long as there is a decent Wi-Fi connection.

Lionsbet, despite being relatively young, has its own app that can be downloaded. If you register with Lionsbet, then you really should download their application. It is available on iOS, Android, and Windows platforms.

How to Download the Lionsbet App

If you use a Windows or iOS device, then you can head straight to their respective stores and download the app straight from there. It will only take a few minutes to do so.

However, if you have an Android device, then you will not find it on the Google Play Store as they do not promote gambling apps. Therefore, if you want to download it to your smartphone, you will have to open their site on your device and download it directly.

How to Use the Lionsbet App?

The Lionsbet app is pleasing on the eye and is easy to use, ensuring for a great mobile experience. Once you have downloaded it, you will be able to master it and start placing wagers in just a few minutes.

Is Lionsbet Mobile a Credible Alternative?

You really should download the app, but we know that you might have limited space on your mobile, or you might simply just not want to download it. Whatever the reason for not wanting the application, the Lionsbet mobile website is a perfectly good substitute, no matter what platform you are using.

When you enter their site using a mobile device, you will be asked how you want to view the page. There are three different options that are available to you:

  1. New Tablet and Mobile: A top quality mobile version complete with all the desktop extras.
  2. Old Mobile: A simple version that is not that pleasing on the eye but is perfect for those who happen to have an old device.
  3. PC: The desktop version will be loaded on to your device, but we do not recommend this as the desktop version looks pretty ugly when loaded onto a portable device.

Like we said above, you need a strong Wi-Fi connection whenever you are gambling on the go. If there is something that you would like to place a wager on, but you do not have a good Wi-Fi connection, then you can use your data instead. You will be happy to hear that doing so will not eat up a lot of data.

How Do I Bet on Lionsbet Mobile?

The process of betting on the Lionsbet application or mobile site is just the same as if you were using a desktop device. All that you need to do is locate the markets that you want to be on, select how much money you are going to bet on it, and then submit the bet. It really is as simple as that.

The Services Offered at Lionsbet

The chance to cash out, up to date live scores, the option of live streaming and responsible gambling features are some things that are very important to customers. We will now take a look at these features in regard to Lionsbet.

Cashing Out

What makes sports so great to watch is that we never know what is going to happen. Things can change drastically within a matter of seconds. All of us, soccer fans, know just how annoying and heartbreaking it can be for the team that we support to concede a goal in the last few minutes of the game to lose the match. This situation is only made worse when that late goal costs you money as well.

Sportsbooks are well aware as to how frustrating this can be, which is why the majority of them give their customers the option of cashing out their bet before it has finished. This is a brilliant feature as it gives you the chance to claim some money if you think that your bet is about to go down the toilet.
Lionsbet is one such bookie that provides their customers with the ability to cash out.

Live Scores

If a sportsbook does not give live scores that are constantly being updated, then it is a bookie that you should think twice about registering with. Live scores are very good when it comes to in-play bets, so you will want to register with a sportsbook that updates the scores constantly – Lionsbet is one such bookie.

Live Streaming

The ability to watch live streams is brilliant as it allows you to place a wager on a particular sporting event and then watch the event unfold. A streaming feature helps add excitement to a customer’s gambling experience. However, not all bookies provide live streaming and Lionsbet, unfortunately, is one such sportsbook.

However, they do provide you with all the latest live stats, which are very useful when it comes to placing some in-play wagers.

Responsible Gambling

Many people think of bookies as people who just care about taking money off their customers. However, a lot of them have responsible gambling features in place to ensure that any of their customers can get help should they feel that they are developing an addiction to gambling.

This help is usually in the form of being able to set deposit limits or blocking your access to your account for a set period of time.

However, Lionsbet does not have any responsible gambling measures in place, which we think is a bit of a shame. It is something that we hope they will add in the not so distant future. Due to the lack of these features, when you are gambling with this bookie, you have to make sure that you remember to practice safe gambling. It is very important that you look after your mental and physical well-being. Remember to only place wagers and deposit money that you can afford to lose.

Do They Have Good Customer Service?

With regard to their customer service team, they have a bunch of highly qualified agents that will stop at nothing to ensure that you are having the best gambling experience possible.

How to Contact Lionsbet?

If you have an issue while playing at Lionsbet, how can you contact one of their helpful members of staff? Well, there is everything that you could ask for – email address, live chat, and a telephone line. These options are open to customers 24/7 and the reply times are very reasonable. Furthermore, if you have an issue, you can leave them a message on their Facebook or Twitter account, and they will get back to you as quickly as they can.

If this was not enough, they also have a very detailed FAQ page. Whenever you have an issue, you should check this out before contacting an agent as there is a good chance that you will find the solution to your problems.

How to Complete Lionsbet Account Verification?

This will usually involve you sending them photos of an identification document and bank statements or utility bills to prove your address. However, this is not the case with Lionsbet.
Instead, when you complete the registration process with them, they will send you an email with a verification link inside. All you have to do to verify your account is open up the email and then click on the link. Once you have done this, you will be able to deposit money.

Lionsbet Account Closure

One day you might wake up and decide that you have had enough of Lionsbet and that you would like to shut down your account. If this is ever the case, how would you go about shutting your account down? Well, the only way that you can go about doing this is to get in touch with a customer care agent and request that they close your account. This is the same procedure with most bookies.

They will probably ask you a couple of questions so that they can fix whatever the issue is so that they do not risk losing more valuable customers in the future.

Do They Have a Casino at Lionsbet?

Many popular sportsbooks out there also have their own online casino. This is great as it gives you some other things to gamble on other than sports. When you are bored of betting on sports, you can just hop on over to their online casino and bet on slot games or popular table games such a poker, roulette, blackjack, craps, pontoon, Sic Bo, or baccarat.

However, you will not be able to do this with Lionsbet as they do not offer an online casino. They are still relatively young though, so this is something that could change in the not so distant future.

Why Open an Account with Lionsbet?

Lionsbet is one of the newest sportsbooks in Nigeria, but they have already got a very big fan base that continues to grow.

Their growing popularity can be put down to their very good Welcome Bonus as well as the entertaining promotions that they offer regularly. They also have plenty of sports that players can bet on and people are rewarded for their bets thanks to their loyalty program – something that is quite rare with sportsbooks.

There is a mobile app and site that allows for a fantastic gambling experience on the go, which is highly important for us Nigerians.

However, the banking options are quite limited, there are no responsible gambling features, and they do not have their own online casino. In the future, we really hope that they add more banking options and add some responsible gambling features. The lack of an online casino is not that much of a big deal if you ask us – just join another online casino if you want to play slots or other common table games as well.

Overall, though, this is a very good bookmaker and we expect them to get even better when they become more experienced in this industry.

Positives

Negatives

Very good Welcome Bonus

Not many banking options

A great loyalty program

No responsible gambling features

Better odds than many of their African competitors

No online casino

Great promotions

FAQs of Lionsbet

FAQs that players regularly ask about Lionsbet.

Is it legal to bet on Lionsbet in Nigeria?

Before you register with a new sportsbook, you will want to make sure that they are legal to play in your country of residence. Well, as Lionsbet has a license from the Lagos State Lotteries Board, one of the most respected gambling regulators in Africa, you can be 100% certain that Lionsbet is legal in Nigeria.

How to get one free bet or bonus?

If you bet more than N20,000 a week at Lionsbet, then you will receive a free bet of N500. If you bet more than N40,000, then you will be given two free bets of N1,000.

Does the bookmaker accept local money?

Lionsbet is a Nigerian sportsbook, so they will definitely be happy to accept naira.

What is the minimum deposit and withdrawal?

The minimum deposit amount that you can make at Lionsbet is N50, while the minimum withdrawal currently stands at N1,000.

Can I bet directly on my Mobile?

Mobile gambling has become extremely popular, so you will obviously be able to use your portable devices to place bets when you register with this bookie. There is also a get app that you can download.

3.0 rating