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How To Become Nairabet Agent In Nigeria

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See Also: BetKing Shop Agent Registration, Form, Commission

Just like in every other business, the sports betting business also depends on your hard work and determination to succeed, so what are the benefits of a Nairabet agent?

Benefits Of Being A Nairabet Agent

  1. The more betting place in your shop or on your mobile, the more income you will earn.
  2. You will get 50% of the profit that you make
  3. A free business training will be available for you, so you can run a very profitable and successful adventure
  4. You will make a 30 per cent commission for every bet placed in your shop
  5. Free gifts, promotions, and souvenirs will be given to you from Nairabet
  6. You will receive a free virtual game decoder
  7. Betting credit will be given to you, for your startup as soon as possible.

There is no limit to how much you can earn as a Nairabet agent.

How To Become Nairabet Agent

Nairabet categorizes its agents into three which are Nairabet mobile/online agent, shop agent, and Nairabet affiliate agent. You can choose your preference when you log in or run the three together.

As a mobile agent, you only need their mobile betting device. And if you decide to rent a shop, build a kiosk or just move around to collect bets from customers, it’s all good and well.

To become a Nairabet shop agent, you will need to fill out this Nairabet Agent Registration Form and click on Submit.

See the requirements that you must have below:

1. Betting Shop

You will need a shop for this business. The shop is your point of sale with customers as they will come to you to stake bet. There you will print their betting slip using the Nairabet app and thermal printer.

2. Nairabet agent License Fees

Nairabet agent license fee of ₦50,000 is required before you get the nod to become an agent. (Note that this registration/franchise fee is subject to change )

3. Computer/Laptop

You will need a computer or PC to enable you to work with Nairabet betting software which is given to their licensed agent. You will need a computer system to stake bets for your customers.

4. Thermal Printer

A thermal printer is a small printer that prints small paper slips like the paper receipt you get from ATM Machines after withdrawal. It is needed to print the Nairabet betting slip. Normal computer printer which prints on A4 papers cannot be used. (If you are lucky, Nairabet may give you one for free or at a very subsidized rate.)

5. Television

This is simply going to be used for virtual games

6. Power supply

You can rely on NEPA (PHCN) if you like or make use of a generator set or solar power.

7. Internet connection

This, as you know, keeps you online and is a must-have.

There are some personal documents required such as:

  1. Proof of address of the potential bet shop (Utility Bill)
  2. A valid means of ID such as a Voter’s card, National passport, National ID, Drivers license, etc.
  3. Interior and Exterior photos of your shop

Those are the main requirements to get started.

Note that if you wish to situate your Nairabet shop close to where there are other lots of Nairabet shops, they may not grant you a licence. Try renting a shop a little farther from existing ones.

See a list of all Nairabet shops in Nigeria with their contact addresses below for your guidance.

Nairabet shops in Nigeria

Gategold Nigeria Limited: 94 Ogunlana Drive, 0803 329 3090

Naira Bet Shop: 31 Isolo Rd Opens ⋅ Closes 8PM

Nairabet: Apartment building Ire-Akari Estate Rd Closes ⋅ Opens 8AM Off-track betting shop, Mosalashi St

Nairabet: 2nd Floor, Dawulola Plaza, Festac, 22 Rd Opens ⋅ Closes 8PM

Nairabet Mile 12, 2 Adedoyin St Opens ⋅ Closes 8PM

Naira Bet. Co: Oju Elegba Rd Closes ⋅ Opens 8AM Mon

Naira Bet: Morekete Complex, 21/25 Isheri Rd 0903 953 0820 33 Charles Ave Opens ⋅ Closes 7PM · 0814 541 3643

Nairabet Head Office address is located at 22, Isaac Aluko Olokun Street, Igbo-Efon, Lekki, 101245, Lekki, Lagos. Phone: 0700 6247 2238.

Nairabet Agent Commission

Nairabet agent commission percentage is 50% of the total profit made from the bets customers stake, i.e. 50% commission on winnings made from your customers.

In other words, after deducting the total bets your customers have won. It’s from the remaining balance you will earn the 50% commission.

As for Nairabet shop agents, they get 50% of the profits they make, while Nairabet online agents earn 7.5% of the total amount credited to a customer. Whether or not the customer uses the funds to win or lose doesn’t affect their earnings.

Here’s how commissions are calculated for agents:

How Nairabet Agents’ Commissions Are Calculated

1. Prematch (Board Game)

Commissions on prematch (board game) are calculated based on the stake and paid on a weekly basis. Weekly Commissions are determined by stake and number of selections and range from 1% for a single selection to 30% for 30 selections and above on accumulator.

2. Virtuals

The commission on virtual games is on stake and it is paid weekly too.

For Soccer, Cup and League, the percentage of the commission depends on the number of selections made by the customer.

Therefore, the more games are played, the higher the commission you earn. It’s a win-win situation for all.

However, for bets on other virtual games like horse races, dog races, numbers and all others, the commission is usually at a flat rate of 5%.

3. Virtuals Weekly Bonus

There is a weekly bonus on virtual sales, which will not be considered in calculating your remuneration.

4. Bonus Computation

Bonus computation is 35% of Total GGR (4 or 5 weeks commission received), as long as ₦100,000 stake and 600 bet-count is reached.

Those are the 4 ways the commissions you earn as an agent are calculated. You can contact Nairabet customer service for more details on the latest update concerning their agent requirements. Download the Nairabet agent fund AKA Bailout fund and agent app.

This article was updated 2 months ago



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