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Add up the implied probabilities across a three-way market and the total lands above one hundred per cent. That surplus is the margin, it is charged on winning and losing slips alike, and the pages under Casino margins and Live margins take it apart market by market so a price can be read before it is taken. The index beside each name is a different object and this page keeps the two apart: a weighted sum, set out in full on The arithmetic, in which the size of the catalogue carries the heaviest share, licensing and withdrawal terms come next, support after those, and a welcome offer is worth six points in a hundred. What the licence columns hold is a count rather than a verdict, and the count earns its place because the six bookmakers covered here answer the same question six different ways. Five print at least one permit number. Three of those five put a body's name next to a number, and the three do not all name the same body. Two print bare digits and name nobody. The sixth prints no number and no issuer at all, which is why it also has no row: a bookmaker reaches the table on a licence line legible enough to quote or on an offer it has published, and that one has neither. Where a figure would exist only if somebody here had opened an account and watched what happened next, this site prints no figure, and no column is dressed up to stand in for one.

Published prices, one index, and nothing promised on top of it

This register has no operator with its own published assessment yet, so the table is left out rather than printed empty. What is documented sits in the record below.


What we measure

A permit number and the body that granted it are two separate facts on this market, and they hold two separate columns because they come apart so often: most of these footers set out digits with nobody named beside them, and the longest of them, three lines deep, names an issuer on its first line and its last but not on the one in between. The third column exists because the sports side and the casino side are permitted separately here, so a bookmaker can print a number for the pitch and leave the tables blank. Rank order is the weighted sum published on The arithmetic, which means a row moves when a weight changes or a fact under it does, and at no other time.

#Bookmakers by index Permits printed Body named Casino permit Index /100
1 Betway Nigeria 3 Lagos State Lotteries and Gaming Authority (LSLGA) separate number 83 Open
2 SportyBet 1 National Lottery Regulatory Commission (NLRC) not printed 73 Open
3 Bet9ja 2 NLRC separate number 73 Open
4 MSport 1 Lagos State Lotteries and Gaming Authority (LSLGA) not printed 60 Open

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Odds margin by bookmaker

Withdrawal times

Data usage

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