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Lionsbet

Introduction

Lionsbet is a relatively new name on the Nigerian market, but so far this bookmaker has managed to craft a positive reputation. Good range of sports and virtual markets and a generous welcome bonus are just some of the key aspects that cemented Lionsbet’s favorable position in the eyes of Nigerian punters. With their platform being available on both Desktop and mobile devices, this sportsbook offers customers a wide range of sports to bet on and a solid in-play platform. Lionsbet is licensed and regulated by the Lagos State Lotteries Board.

Betting Markets & Odds Quality

Despite having only been around from 2016, Lionsbet provide their customers with a significant amount of sport betting markets. Football is without surprise covered in the most detail, with events from more than 100 countries being available. Basketball and Tenis also have a prominent feature on a daily basis. Other sports, such as Handball and Ice Hockey are among the emerging disciplines. Overall, there are more than 26 sports markets to choose from. Niche sports like beach volleyball and futsal are present, however the lack of horse racing might leave a sour note for some.
Odds at Lionsbet are certainly more than competitive, especially when put against other African bookmakers. This is true especially for football and basketball. As a result, Lionsbet is a viable option for those looking to bet on great odds and make healthy amounts of money.

General Information
LocationNigeria
Date Established2016
Current LicenseLagos State Lotteries Board
Physical AddressVictoria Island, Lagos
E-mailsupport@lionsbet.com
Customer Care Lines+234 809 4444 035
+234 809 4444 036

Website & App

Lionsbet has a fully functional website that is certainly pleasing to the eye. Upon entry, customers will immediately see the most popular markets at the time. Navigation through the platform is easy and will come as intuitive for seasoned punters. A mobile app for both iOS and Android users is also available, for those looking to bet on the go. When entering through the mobile app you will have 3 options as to viewing the page:
• New Mobile and Tablet – contains all the extras of the Desktop version
• Old Mobile – a simplified version aimed at customers with old mobile devices. Certainly not as flashy as the New Mobile, but it gets the job done.
• PC – this option will load the full Desktop version. Not recommended as the full version doesn’t sit well on mobile devices.

homepage

Live Betting & Live Streaming

As mentioned above, Lionsbet provides great sport coverage, especially for football. Naturally then, the live in-play platform should be good. We are happy to confirm that it indeed is. Additionally, an impressive graphic will display the game as it unfolds, but the reality is that such a feature is no substitute for live streaming. However, the increasing number of available markets will certainly help to alleviate this shortcoming.

in-play

Lionsbet Bonus & Promotions

More often than not, African bookmakers tend to overlook this aspect. With many other sportsbooks this is an area, where upgrades and new offering are direly needed. Here, however, the picture is hugely different. Lionsbet offers a healthy welcome bonus for new customers – 100% match of your opening deposit for up to ₦ 100, 000. This offer comes some strict requirements – you must put the bonus on a bet slip with at least five selections with a minimum odd of 1.20. Elsewhere, bonuses for existing customers are available:

• 2nd deposit Lionsbet bonus

A service which gives you 50% bonus on your second deposit in a LionsBet account up to ₦ 100,000 granting amount, if the second deposit is equal or above ₦ 1,000. This means that in the instance where a second deposit is above ₦ 200,000, your Lionsbet bonus account will be credited with ₦ 100,000. You would also need to rollover your bonus value 7 times and once this condition is met, the system would collapse/merge your bonus account with your main account for winnings to be withdrawn instantly.

• 3rd deposit Lionsbet bonus

A service which gives you 25% bonus on your third deposit in a LionsBet account up to ₦ 100,000 granting amount, if the third deposit is equal or above ₦ 1,000 not less. This means that in the instance where a third deposit is above ₦ 300,000, your Lionsbet bonus account will be credited with ₦ 100,000. You would be unable to withdraw winnings from the bonus given without wagering on five events (5) events or more on a bet slip with the bonus value given, on individual odds of 1.5 and above. You would also need to rollover your bonus value 7 times and once this condition is met, the system would collapse/merge your bonus account with your main account for winnings to be withdrawn instantly

• Accumulator Lionsbet Bonus

Boost your ticket total winnings and it is calculated on accumulated games starting 3 or more selections with individual odds of AT LEAST 1.2. Please note that any VOID EVENT will in no way qualify for “Accumulator bonus” hence the wagered bonus may differ from the bonus available on the betslip. Successful draw-no-bet outcomes will also not be calculated as part of an accumulator bonus In order to ascertain the total winnings on a betslip, the accumulator bonus total is to be summed up with the potential winnings. The accumulator bonus starts from ( 3 selections ) of the possible winnings .The more the individual odds of 1.2 selected on a betslip, the more the “Accumulator bonus” you get.

• Cashback

Enables a customer to get a percentage of his/her losses incurred during a given period. Minimum of 10 matches on a betslip, 1.3 minimum odds for games. If the betslip contain any game with less than 1.3 odd, it will not be eligible. Minimum stake is ₦ 100. If 1 game loses you will receive (10%) of expected winnings minus the bonuses, minus the game that spoils it. The maximum cashback amount a customer can benefit from is ₦ 125,000. Please note Cash back does not apply on betslip played from Bonus balance.

• Free bets

A service that rewards loyal customers with a certain amount for bet placement after having reached a set limit of stake amount. FreeBets have an expiry date of 1 week, minimum odds for single bet 1.3 for accumulator also 1.3 on each game. Customer will be able to place a bet on any sports and use the free bet to play only 1 bet with the money granted. The rule: each customer that stakes over 20,000K within a week on Sports betting and the three Virtuals but not including Betman Games will receive 1 free bet of 500N to be played on 1 single match or 1accumulator bet, if the player staked 40,000K he will receive 2 FreeBets worth 1000K A pop up notification will show that he/she has won himself 500N or more to play on any match with minimum 1.3 odds. Client cannot withdraw the 500N without wagering it. The meter tracker in Account >> Bonus will track all stakes of the player easy access and it will be display in the bonus rules on the site just like the 1st Deposit Bonus Tracker. the freebets claimed during a specific week are being granted on Monday, around mid-day, it does not matter if the freebet was achieved on Thursday or Tuesday – it will be playable on Monday. Please note bet slips placed using bonus balance will not affect in collecting weekly free bets.

• Client loyalty points

Enables a customer to accumulate redeemable points (virtual amount) which can be used to stake bets. The Frequent Player Points meter will show when you go to account and click on bonus and scroll down. Once you reach 1,000 points click on payout and automatically the points will be exchanged to naira and sent straight to your main balance. The points are added for each ticket submitted through web or mobile app. Minimum stake per bet is ₦ 100, minimum odds 1.2 . The client receives 1 point. Each point will be considered as ₦ 1.

• Weekly giveaways

LionsBet weekly giveaways occur every Tuesday on all social media platforms (Facebook, Twitter, Instagram).

Customer service

Customer service at Lionsbet is more than adequate. Many methods of communication are available – from telephone lines, through e-mail address, through a live chat function. Social media pages are also used to a great extent. Response times across all forms of communication is at an acceptable level.

Sportbook Details
Restricted CountriesAll countries except Nigeria
Accepted CurrenciesNGN
LanguagesEnglish
Methods of DepositCard deposit
• Visa, MasterCard
Interswitch
Verve
Quickteller
Paystack
Paydirect
Minimum/Maximum DepositMinimum deposit is ₦50
Maximum deposit is ₦1 000 000
Methods of WithdrawalBank Payout
• Processing time within 24 hours Mon-Fri, excluding bank holidays
• No fees for withdrawal
Minimum/Maximum Withdrawal • Minimum withdrawal is ₦ 1000
• Maximum withdrawal is ₦ 500,000
Minimum/Maximum Payout • Minimum payout is ₦1000
• Maximum payout is ₦10 000 000
Minimum Bet₦50
Maximum Bet₦1 000 000
Hours of OperationCustomer service & wagering staff on duty 24 hours, 7 days, 365 days per year. Online wagering 24/7/365
ManagementPrivately owned
Most Common ComplaintsLimited deposit/withdrawal options, no live-streaming option
Reload BonusYes
Loyalty ProgramYes

Conclusion

It is obvious that in a short space of time Lionsbet have made so much. Competitive odds, coupled with a solid in-play platform and healthy welcome bonus is a strong combination for attracting new customers. The long list of other bonuses is a strong incentive to keep using Lionsber’s services. Seasoned punters, along with recreational ones should definitely look here, as there is much value to be found. What might put off some is the limited amount of deposit and withdrawal options (although withdrawals are extremely fast) and the lack of a live streaming feature. However, Lionsbet scores highly in other aspects and worthy of taking a serious look at.