Put your money where your mouth is… Customer Forum http://www.NairaBetForum.com
Welcome to NairaBET. Nigeria’s first Internet based sports bookmaker.
Here on NairaBET, all you need to do to win money is to determine the outcome of a particular match or a series of matches. You don’t need to predict the exact scoreline. All you need to predict is one team will beat the other or maybe it will end in a draw.
It’s that easy.
We are the ones that determine the amount you can win from a particlular match. The price per match will be determined by how hard it is. The easier the match, the lesser the potential returns. The harder the match, the higher the potential outcome.
Assuming Manchester United wants to play Wigan Athletic at Old Trafford, we all know there is a very high likelihood that Manchester United would win. Isn’t it?
The money you are expected to win if you say Manchester United will beat Wigan will be very small. In fact, very very small. On the other hand, if you say Wigan will beat Manchester United, then the expected monetary returns would be high. It will be high as well if you say it will end in a draw.
Are you getting the picture?
Each football match has its own price. It’s called odds. Have you ever heard statements like â€œBookmakers have said Chelsea to win the league at 6/4â€? That 6/4 is the money tag on Chelsea to win the title. Don’t worry. I will explain more.
Using the Manchester United and Wigan example I gave above, a bookmaker can say his price/odds for the match is 1.2. This means that whatever you bet with will be multiplied by 1.2. Is it making sense now?
Predict that Wigan will beat Manchester United, the odds could be 14.2. That means that whatever you bet with will be multiplied by 14.2. Let’s still use the Manchester United and Wigan example.
So if you want to bet on it, what would you do? Manchester United to win at 1.2? If you put N1,000 on that, you will get just N1,200 in return. That is just N200 gain. Or will you back Wigan to win at 14.2? You only need to put in N1,000 to win N14,200. But will Wigan beat Manchester United?
That is where your football mind and knowledge is needed.
If 1.2 sounds small to you, there is something you can do to increase your potential returns. It’s called accumulators. Let me explain what that is. Let us assume that this weekend, these are the matches that will be played.
Man Utd V Wigan
Chelsea V West Brom
Arsenal V Sunderland
If the odds for Man Utd to win is 1.2 and Chelsea to win is also 1.2 and Arsenal to win is 1.4. What you can do is to combine these matches and say that Man Utd, Chelsea and Arsenal will win so your returns will be 1.2 multiplied by 1.2 multiplied by 1.4.
1. Odds and Types of Bets
The house will make available sports events and the odds per outcome of as many sports events as possible. For example, if Arsenal is playing at home to Chelsea, we can offer Arsenal to win at 2.5, a draw at 3.0 and Chelsea to win at 2.2.
What this means is that whatever amount you stake on any of the outcomes will be multiplied by the odds. Using the above example, if you stake N1,000 on Arsenal to win, your total returns will be N2,500. That is a gain of N1,500. Please note that they do not have to predict the scoreline. The home team will be listed as 1, the away as 2 and a draw as X.
The player can accumulate events for higher returns. What this means is that if we offer Arsenal to beat Chelsea at 2.5 for the first match and we offer Manchester United to beat Liverpool at 2.0 in another match, the player can combine the two matches.
If he backs Arsenal and Manchester United, his odds will be multiplied. In this case, his odds become 2.5 multiplied by 2.0 which gives us 5.0. So if a customer stakes N1,000 his expected returns will be N5,000. The danger here is that if he loses one of the matches, the entire accumulator is lost. There is no limit to the number of matches a customer can accumulate.
3. Odds Change
The house can decide to change the odds of an event without notice. However, if a player had staked before the change, his return will be based on the old odds.
4. Match Cancellation
When a match is cancelled or postponed, the odds of that particular match turns to 1. For example, if a player stakes on a match with N1,000 he gets his N1,000 in return. For accumulators, the other matches are calculated and winnings paid.
An event is considered to be cancelled, if it was interrupted, and was not finished within 24 hours, and if no less than corresponding time was already played: football – not less than 70% of regular time.
The exception of this rule is equal score in matches, where there the draw is not possible (basketball, baseball, american football, etc.) In such cases the event is considered to be cancelled.
All event dates and times published by us are tentative. An incorrect event date, time or additional information is not a basis for bet cancelling. If an event is moved forward by less than 3 days, we have a right to cancel such bets or leave them valid, and if an event is moved forward by 3 days or more, all bets are returned.
Bets on football are valid for 90 minutes and injury time only. Extra time and penalties do not count.
We have the right not to accept bets from the client, who does not agree to our rules.
Only customers that are 18 years old and above can stake with us. When we have doubts about a customer’s age, we will demand for a proof of age.
7. Minimum and Maximum Stakes & Winnings
We have not yet set any minimum for stakes. Maximum winnings shall be N1,000,000. This means all winnings above N1,000,000 will be rounded down to N1,000,000
8. Bet Validity
Bets are accepted until the kick-off time is advertised. If a bet is accepted for a match after its kick-off time, the bet will be considered to be void. The exclusion of this rule should be made for “live betting”, when one makes bets after the match starts is possible. Live events bets are considered to be valid if they were made before the end of the match.
All bets placed are final. Customers cannot cancel their stakes after submitting their bets.
Withdrawals take two working days. That means if you place a withdrawal request on a working Monday, you are expected to receive it by Wednesday. If you place it on a Friday, you are expected to receive it on Tueday.
The maximum amount you can withdraw at a time is Five Hundred Thousand Naira
Please note that the name you registered with on NairaBET must correspond with the name of the bank account you are withdrawing into.
Lastly in an effort to keep offering free withdrawals, you can only place withdrawals once a week.
NairaBET wants visitors to its website to know that we are just as concerned as you are about the privacy of any personal information that you may choose to provide us (“Personal Information”). In this respect we have invested heavily in providing a world class Information Security Management System.
How is your Personal Information collected by our website?
Personal Information may be submitted on our website in two areas:
If you do provide your name and address on the public area of this website in order to request information about our products and services, you may voluntarily provide additional personal information. You will be asked to provide your personal information in this area for the purposes of registering with Betfair and opening an account with us.
If you are already one of our customers and have opened an account with us, you must use a password to enter the NairaBET website.
A “session cookie” is used to enable you to leave and re-enter our website without re-entering your password. Our web server will record the pages you visit within our website.
To ensure a good quality of service we may monitor and record any communication you have with us whether in writing, by phone or by electronic mail. E-mail is not encrypted to/from either the public or private areas of this website. NairaBET recommends that with the exception of your name and username you do not send us Personal Information by e-mail. Any information which you transmit to us is transmitted at your own risk.
For information about cookies please refer to http://www.allaboutcookies.org
We use session cookies for the following purposes:
To allow you to carry information across pages of our site and avoid having to re-enter information.
Within registration to allow you to access stored information.
We use persistent cookies for the following purposes:
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To compile anonymous, aggregated statistics that allow us to understand how people use our site and to help us improve the structure of our website.
To internally identify you by account name, name, email address, customer ID, currency and location (geographic and computer ID/IP address)
To differentiate users who are on the same network to enable us to correctly allocate bets to the appropriate account. Within research surveys to ensure you are not invited to complete a questionnaire too often or after you have already done so.
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How your Personal Information will be used?
NairaBET will process your Personal Information in order to allow you access and make use of our website, to allow you to participate in the services offered, to administer your account, to maintain our accounts and records, to monitor website usage levels and the quality of the service we provide and to inform you, from time to time, about products and services that we consider may interest you and for related purposes. If you do not wish to receive future marketing, promotional or sales material from NairaBET, you may notify us that no further material be sent to you. Our contact details are located in the ‘Contact Us’ page of our website. NairaBET will as soon as reasonably practicable after receiving your request, remove your contact details from our marketing database.
NairaBET will also retain such information and may analyse it if asked to do so in order to investigate any actual or suspected criminal activity or, in respect of any event featured on our website, any threat to the integrity of that event and/or breaches of the rules of that event as laid down by the relevant governing (including sporting) bodies. All rights in the manner of recording your Personal Information held by NairaBET (including copyright and database rights) are and shall remain its property.
Telephone calls and betting data relating to users will be recorded and may be actively monitored for which purposes all users hereby consent.
To whom and where personal information may be disclosed?
Your Personal Information may, for the purposes described above, be transferred or disclosed to any company within the Group or, subject to appropriate agreement to third parties, for the processing of that Personal Information on our behalf. The Group may, from time to time, retain third parties to process your Personal Information for the purposes listed above and such processing will be governed by a contract in the form required by law.
Where required by law, your Personal Information may also be disclosed to an applicable governmental, regulatory, sporting or enforcement authority. Additionally, your Personal Information may be disclosed to any regulatory or sporting body in connection with policing the integrity or enforcing the rules of a sport or game and/or prevention and detection of crime and with whom the Group has agreements (Memoranda of Understanding or MOUs) from time to time for the sharing of such data and where the Group considers that there are reasonable grounds to suspect that you may be involved in a breach of such rules or the law, have knowledge of a breach of such rules or the law or otherwise pose a threat to the integrity of the relevant sport or game. Those bodies may then use your Personal Information to investigate and act on any such breaches in accordance with their procedures.
By providing your Personal Information and registering with us or logging on with us when you enter our website, you explicitly consent to the Group processing and disclosing your Personal Information for the purposes, and otherwise in the manner, set out in this policy, or as otherwise provided in accordance with the Terms and Conditions. If you wish to qualify, vary, modify or limit your consent in relation to marketing communications or in circumstances where any processing of your data is likely to cause damage or distress or such other circumstances as the law allows then you may do so by notifying us in writing. Our contact details are located in the ‘Contact Us’ page of our website.
Here are the answers to the most asked questions about NairaBET
What Is NairaBET All About?
NairaBet.com is Nigeria’s first Internet based football bookmakers. If you are
hearing about the term bookmakers (bookies for short) for the first time, they are
organizations or a person that takes bets and pays winnings depending upon
It’s all about trading on the results of football matches. There IS ALWAYS
money to be won on ALL the outcome of football matches. You don’t even
have to predict the exact scoreline. Just a home win, draw or away win
Each match and outcome have their own prices (called odds). You will have
a relatively small money to be won if you bet on a BIG team to beat a small
team but there will be high returns if you back the smaller teams to win or
How Can I Start?
Visit http://www.NairaBET.com and sign up for free. You can then fund your
account in Naira according to the instructions in the members area. Credit
your account with the amount you paid. You can start betting immediately.
How Will I Get My Money If I Win?
Simple. There is a place in the members area where you will submit your
bank details. Anytime you feel like withdrawing from your balance, just click
on “Withdrawal Request” and enter the amount.
The admin will approve and your money will be deposited into your account
in less than 2 working days.
I Have Registered At NairaBET. How Do I Place My Bet?
After registration, your balance will read zero point zero. That means
you have to fund your account with some money.
What Is The Minimum Amount I Can Deposit?
As I type this, we have not set a minimum or maximum amount so you
can deposit as you like.
What Is The Maximum Amount I Can Win?
The maximum payout on bet wins, is restricted to One Million Naira Only.
Bet wins exceeding this amount would be cut down to One Million Naira limit.
What Is The Minimum Amount I Can Withdraw?
The minimum amount you can withdraw is N1,000
What Is The Maximum Amount I Can Withdraw?
You can withdraw to a limit of Five Hundred Thousand Naira at a time. You
have to wait for one more week to place another withdrawal request.
What Is The Meaning Of 1, X and 2?
The teams listed first is 1, the second listed is 2 and draw
Let me give an example.
1 X 2
Barcelona V Man Utd 2.2 3.0 2.2
This means the price on Barcelona to win (first team listed first) is 2.2
Man Utd to win (second team to be listed) is also 2.2
A draw is priced at 3.0
I Have Funded My Account. How Do I Place Bets?
After your account is funded, log into your account and start
staking. If you want to choose just a single match, click on
Add To Slip beside it.
Wait for the page to reload and you will see at the top right
hand side that says “You have 1 match(es) in your Bet pool”
If you want to add more matches like I explained yesterday, click
on Add To Slip and wait for the page to reload.
Please note that the matches listed when you log in are the
next few matches coming up that day. Take a look at the left
hand side and you will see a list of countries and competitions.
If you want to stake on the English Premiership for instance,
take a look at United Kingdom. If you want to stake on the UEFA
Champions League, choose International Clubs and so on.
My point is, the matches listed when you log in are not the
only matches available.
When you have chosen your matches, you can then click on “Proceed
To Bet”. Wait for the page to reload and it will list the matches
Its time for you to choose maybe 1 or X or 2. If it is an
accumulator, remember to check the boxes on the right hand side.
You then Place Bet. It will take you to a page where it
summarizes your bets and what you are going to win. You then
click Enter Bet.
That is that.
If you win, your account will be credited within 10 to 15
I Have Deposited Money But I Want To Withdraw It Back
You cannot withdraw money from your account unless you turn it
round by placing bets. You just cant depost and withdraw. You
deposit, bet and then withdraw.
What Is The Meaning Of Accumulator?
Accumulator means adding matches for potential higher returns.
For example if Man Utd to beat Chelsea is priced at 2.0 and Everton
to beat Arsenal is priced at 3.0, you can add (accumulate) the 2
matches. Your potential returns will be 2.0 time 3.0 which is 6.
The downside is that once one result goes wrong, your accumulator
I Can See A Referall Code In My Account. What Does It Mean?
The referall program has been suspended indefinitely.
Can I own or operate more than one account?
No. Each member is entitled to just one account. If at any point we find
out that any one individual is operating or has access to more than one account,
we reserve the right to close such related accounts without notice.
As at today, YES but very soon, there will be other offers like first goal scorer, over, under, double chance etc.
If you have any question, call the customer service line on 08163606210. 10AM To 4PM Mondays To Fridays.
If you will like to run minds with thousands of other NairaBET.com members, then go to the Customer Service forum at http://www.nairabetforum.com
PS: More Questions And Answers Are Being Added Regularly!
We appreciate the fact that you might have a question, query or issue with NairaBet. To this extent, we have created a customer
Right there on the forum, you can ask any question you want to and you can also read the questions of other users that might be of help to you. You can even get match predictions there.
Web Forum: http://www.NairaBetForum.com.
Our Customer Service advisors are always ready to attend to your needs.
Telephone: 08163606210. 10 AM To 4 PM Monday To Friday
Follow us on Twitter: @NairaBET
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NB; Nairabet recently launch its; newest website where a whole lot of opportunities in terms of betting can be found. why not rush in and join the excitement.