• Competitive Odds
  • Wide range of sports
  • Esports available
  • Non-sports special
  • 24/7 customer service


  • Low betting odds
  • Few live streaming options
  • Unavailability of a mobile app

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Review of the bookmaker Merrybet from Legalbet

MerryBet Gold Limited obtained its operating license in 2013 and trades under the name Merrybet. They have grown to be one of the most reputable bookmakers in the country. They offer betting facilities for sports betting and it’s easy to use plus it’s secure. Guaranteed security via encrypted SSL Encryption-Secure Socket Layer.

With really competitive odds and fast payout, winnings are transferred to your bank accounts in minutes. They are also regulated by the Lagos State Lotteries Board. Their prominence in virtual games is one feature that has helped them grow faster and the only thing left is probably a mobile app to go with.

Odds - Average

We calculated the margin for Merrybet 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. 

MerryBet has an overall average margin of 5.11% and is just shy of falling in the normal category. In the first section with Spanish La Liga and Seria A, the margin is at 4.5%. With Premier League and Championship, in the second section, the margin is at 4.34%. Finally, taking the Netherlands Eredivisie, Polish Ekstraklasa and Austrian Bundesliga into account, the margin is at 6.48%.

Bookmakers margins

Range of Sports and Markets - Good

Merrybet has carved a niche for themselves in the bookmaker’s league. This, of course, is not a fluke cause over time they have proved themselves with their wide range of sports markets and different options available for various sports.

Football is the most wagered sports market and this is not surprising because the same applies to other bookmakers. Football comes with many options with a wide coverage of different leagues both on the local and international scenes. Options like match winner, both teams to score, goal markets, corner and card markets, handicaps and so many more. The same applies for other available sports as lots of options are offered to customers. This is definitely would keep old customers as well as attract new customers. Special soccer markets available for football and basketball too with options like total points at the end of the season, highest goal scorer at the end of the season, total goals at the end of the season and many others.

For punters who are virtual games lovers, Merrybet is definitely a platform you'll fancy. They offer lots of virtual games to wager on and make amazing winnings. With about 8 different virtual products like VEuro Cup, Nation Cup, VLeague Mode, Basketball, Tennis, Horse Racing, Dog Racing, and League Mode. They also have the 1X2 Games, Lucky Six, Web Cards and many more virtual games to profit from. They also boast of their own virtual game which is the Merrybet Virtual Ram sports which is the first of its kind in the country.

Merrybet also offers the country’s biggest jackpot worth N100 million in cash value. “Colossus” as denoted on their platform over customers to correctly predict outcomes of bookmakers selected matches. Amounts staked will then be placed into Colossus Bets pools and punters who win will share the relevant pool proceeds.

Another betting option offered is the punters league where winners stand chances to win smartphones and cash prizes.

In-Play Betting - Good

Merrybet has shown diligence in their sports-book and they took this excellence to their live betting column as well.

They offer both the streaming and live betting option and its little wonder they are listed among top bookmakers in the country. Their live betting is also as rich as their sports-book as they offer different sports markets in-play asides football which includes the likes of basketball, tennis, volleyball, and baseball.

Customers stand better chances of winning by using the in-play option, betting on events as they occur. This backed by the availability of the streaming feature as customers can now follow their events not just by using live score features but viewing their matches or events live in the video as they occur.

They also have a dedicated statistics page for all sports where customers can check to make better decisions on their selected tickets. Coupled with that, they have a blog page where sports news is posted with happenings from around the world although the majority of it all is football related.

Updated: 18.04.2024

Information about the company

WhatsApp: 08164387525
  • LSLB Online Sport Betting

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