• Competitive Odds
  • User-friendly interface
  • Live betting available
  • Generous bonuses
  • Minimum stake as low as NGN50
  • Fast payout


  • The maximum winning is very low
  • Unavailability of a mobile app
  • Limited payment methods
  • Limited amount of accumulator games

Opinions 0

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Review of the bookmaker Lionsbet from Legalbet

Having only been founded back in 2016, Lionsbet is a Nigerian online bookmaker who has earned a good reputation as a result of their sports betting and virtual markets. The bookmaker's headquarters are in Victoria Island, Lagos and they hold a full gambling license from the Lagos State Lotteries Board.

The high number of promotions at their disposal would attract a lot of customers putting them in good standing among other bookies and in the mind of their customers. Easy deposition and withdrawals on their platform. Kudos to them, they have made a good name for themselves in a really short period of time.

Odds - Average

We calculated the margin for LionsBet by analyzing the odds they offer. We further ranked them in one of the following three categories:

From 1% to 5%: Low

From 5.01% to 7%: Normal

From 7.01% to 10%: High


We got our results by taking into account the odds for final result outcomes measured in line with the over / under for different football leagues. Getting the average results using this method, we were able to obtain the margins for each league and the overall betting margin for the bookmaker.

LionsBet has an overall average margin of 6.74% and falls in the normal category. In the first section with Spanish La Liga and Seria A, the margin is at 5.28%. With Premier League and Championship, in the second section, the margin is at 5.42%. Finally, taking the Netherlands Eredivisie, Polish Ekstraklasa and Austrian Bundesliga into account, the margin is at 9.53%.

Bookmakers margins

Range of Sports and Markets - Good

Lionsbet gets the "good" remark in this section of our review. Not just being able to provide different sports to wager would attract new clients but also the availability of wide ranges of options to stake on. Lionsbet provides customers with a lot of options to wager on, no matter the events. Football, tennis, and basketball are the events customers wager on the most. Lionsbet covers over 60 leagues for betting in their Football column while basketball and tennis are not left out with a decent amount of leagues and opens available for betting.

They also offer Virtual games for customers who got interests in the virtual gaming world. Virtual football games, horse-racing, snooker, dog races, tennis are all available with amazing options. Lionsbet also has a unique column in "Kiron Virtuals" where they offer special virtual games with good incentives for bettors to take advantage of.

The good interface of the website must also be talked about as this puts them on par with the top bookmakers in the country based on user experience. With all columns neatly arranged plus the look of the well-themed green background, Lionsbet surely put enough in terms of leaving a good impression on their customers.

However, the steadily growing jackpot option was not available at the time of this review. This may be a bit of a turn off for clients who steadily ventures in the jackpot column. In all, they offer good sports-book for their customers as there is always something interesting for every customer.

In-Play Betting - Average

The live bet features now becoming a prominent feature for bookies and has become a wealth incurring avenue for bettors. Lionsbet offers its customers the "Live in-play" option with lots of markets to wager on like the next team to score, next goalscorer, next corner and so many more.

As is the common shortcoming with the live section of many bookmakers in Nigeria, Lionsbet is also limited in the sports that can be wagered on in-play. At the time of writing, they only offer betting on Football and Basketball which can be very much limiting and defeats the whole purpose for live betting.

Unfortunately, even though expected the live streaming feature is not available at the time of this review. We hope later in the future this feature would be introduced and thereby raising their ratings in the betting industry.

Updated: 18.04.2024

Information about the company

08094444035 & 08094444036
  • LSLB Online Sport Betting

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