Melbet, established in Cyprus in 2012, is operated by Ostrada Hospitality Limited and holds a betting licence from the National Lottery Regulatory Commission, Abuja. The platform offers a diverse array of options, including sports, lotteries and TV games. With over 30 disciplines, the bookie provides a wide range of events and markets, featuring competitive odds, especially for major tournaments and leagues.
Pros & Cons
- Wide range of matches and markets
- Good odds
- Many promotions
- 24 hours customer support service
- Weak amount of withdrawal methods
Melbet: Editorial Rating
Offers & Promotions
300% Bonus On The First Deposit
Register on the bookmaker website or app and deposit at least ₦1000. The bonus amount depends on your deposit:
- ₦1000–₦20 000: 100% up to ₦20 000.
- ₦20 000–₦30 000: 150% up to ₦45 000.
- ₦30 000–₦55 000: 200% up to ₦110 000.
- ₦55 000 or more: 300% up to ₦180 000.
To claim the full ₦180,000, you need to top up ₦60 000. To wager the reward, you must place accumulator bets 10 times the bonus amount. Each accumulator must include at least three selections with odds of 1.50 or higher. Use the prize within 7 days.
Melbet Sports and Markets
It has a rich betting line with over 35 categories, from major sports like football and basketball to exotic options like surfing. The line also includes stakes on politics and events like the Grammy Awards and major Esports like CS2 and League of Legends.
For football, the operator has tournaments from more than 50 countries, with over 1,500 outcomes for top matches. You can bet on everything from totals and Asian handicaps to player and team statistics.
Basketball fans can explore over 40 leagues, covering major events like the NBA and some second-tier competitions. You’ll find over 400 markets for significant NBA games, including wagers on halves and quarters, player stats, and specials like a draw in at least one half.
Tennis betting at Melbet includes Grand Slams, ATP, WTA Masters, and Challenger events. Top matches give you more than 200 markets, with a focus on set and game totals and handicaps. You can also click on players’ names to see their previous results and upcoming matches.
Payment Methods
The number of payment options at Melbet is relatively standard. You can add funds using Paystack, Opay, Flutterwave bank accounts, transfers, e-wallets, or USSD. The minimum top-up amount is ₦50, one of the lowest thresholds among Nigerian operators. However, you can only transfer this low amount using the OPay app. For the other methods, transactions start at ₦250. The limits vary depending on the system you use and range from ₦500 000 – ₦25 000 000.
You can receive a payout through Flutterwave and Paystack transfers. Transactions start at ₦1000 and can take up to 24 hours. The bookmaker doesn’t charge any fees for deposits or cashouts – all transfers are free.
How to Deposit
- Log in and click on your account menu in the top right corner.
- Select ‘Deposit’ and choose the top-up method.
- Key in the amount and click ‘Pay’.
- Fill in the required payment information.
- Click “Pay Now” and confirm the transaction.
How to Withdraw from Melbet
- Click on your account menu and select ‘Withdrawal’.
- Pick the cashout option.
- Enter your bank account number and amount.
- Tap ‘Withdraw’ and complete the payment.
Melbet Odds
The bookmaker offers competitive odds on major sports, such as football and basketball, with an overall margin of 4.00%. For the top events, like EPL games, you can find a commission of around 3.21% on the 1×2 market, which indicates high prices. However, the odds on other markets are slightly lower. For example, the margin on Over/Under can be around 4-5%.
Major basketball matches also provide favourable odds, with an average fee of 4.00%. Tennis quotes are slightly less attractive, with a margin of 5.00%. In addition, lower-level tournaments also have lower prices. The Egyptian Premier League, for example, has a mark-up of around 7.40%.
Live Betting
The bookmaker has a solid In-Play section, with live betting on many sports. Even during off-peak times, when around 200 events are still available, there’s a wide range of markets on offer, including bets that aren’t available in Pre-match, like the next goal in football or wagering on the current game in tennis.
For live matches, you’ll find the following features:
- Visual graphics and statistics
- Broadcasts
- Cash Out
There are many streams to choose from, covering matches from lower-level leagues and plenty of table tennis and Esports events. The bookmaker could’ve improved the navigation, though. There are no filters to search, and you can’t show games only with streams, for example.
Melbet App
The bookmaker offers applications for Android and iOS. You can download the iPhone software from the App Store, while the Android APK file is available on the Melbet website and in the Huawei AppGallery.
The mobile platform has a cutting-edge design and easy navigation. From the main screen, you can select the closest and most popular events and boosted odds of the day. The In-Play section also features filters for live streams and your favourite events, so you can often find the right game without having to scroll. These features make the mobile platform easier to use than the desktop version. You can also set up push notifications in the app to receive alerts about your transactions, special offers, promotions, etc. The only downside is that the app takes up a lot of space – around 54MB on Android and 164MB on iOS.
If you don’t want to download the software, the operator offers a unique feature that is rarely seen by bookmakers – Bets via Telegram. With the help of a bot, you can open a mini-application directly in your messenger and place stakes there.
Conclusion
Melbet is a good choice, whether you’re just starting out or already an experienced punter. It has a generous welcome bonus of up to ₦180 000 and runs recurring promotions like Free Bets and reload bonuses for existing customers. There’s plenty to choose from, with over 35 sports and over 1500 markets for top football matches. The odds are competitive, with 3-5% margins for popular football, basketball, and tennis events.
There are great mobile betting options, with apps for Android and iOS and a handy Telegram betting bot. However, the withdrawal options are limited, with Paystack and Flutterwave bank transfers being the only available methods to claim your winnings.
FAQ
Is Melbet safe?
The bookie operates legally in Nigeria under licences from the National Lottery Regulatory Commission Abuja and the Lagos State Lotteries and Gaming Authority. The platform employs SSL encryption for secure transactions and offers responsible gambling tools like deposit limits and self-exclusion options.
How do I register with Melbet?
Registration is quick and takes about one minute. Provide your phone number, create a password, and enter a promo code if available. Click ‘Register’, and your account will be ready to use.
How do I place a bet with Melbet?
Log into your account and browse the sportsbook to find your desired sport or event. You can use the search bar to find specific matches or try the Bet Generator tool. This feature helps you find stakes based on your preferred stake, odds, and potential winnings. Add your selections to the bet slip by clicking on them, entering your stake, and confirming to finalise the wager.
