BetCorrect

What BetCorrect does

BetCorrect, operated by Correct Tech Nigeria Limited, is a social sportsbook and online casino platform serving Nigerian consumers. The product combines a sportsbook (competitive odds on football and major sports, live in-play betting, same-game parlays) with a casino module (live dealers, slot machines, interactive table games) and a layer of social features — following friends, discovering winning bets from other users, sharing bets, and one-click rebet without booking codes. The platform is delivered through iOS and Android mobile apps, a web application (play.betcorrect.com), USSD and SMS channels, and physical retail betting shops, giving it a multi-channel distribution footprint unusual for a digital-first operator.

The company's core technology is mobile-first with location-verification (GPS, Wi-Fi, mobile network, IP) and fraud-detection (device, IP, location monitoring) infrastructure built into onboarding and transactions. BetCorrect is dually licensed in Nigeria by the Lagos State Lotteries and Gaming Authority (LSLGA/OP/OSB/BC260924) and the National Lottery Regulatory Commission (0001094), which is the foundation of its regulatory moat.

BetCorrect generates revenue through a transaction-fee model: it earns a margin on sports betting wagers and retains a portion of casino gameplay losses. Deposits are processed via locally optimized payment rails (Opay, Palmpay, bank, and card), with withdrawals processed within two working days. The go-to-market motion is product-led growth: free-to-play sign-up, social virality via friend-following and bet-sharing, and cross-sell between sportsbook and casino. The company is privately held, has no disclosed external funding, and operates with a lean team of approximately 10 employees. A U.S.-facing web surface (play.betcorrect.com) markets "built exclusively for U.S. users," though no U.S. operating license is disclosed, indicating exploratory cross-border positioning beyond the licensed Nigerian core.

Name

BetCorrect

Legal name

Correct Tech Nigeria Limited

Website

https://betcorrect.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

BetCorrect is a Nigerian-licensed social sportsbook and online casino platform that combines sports betting, casino gaming, and friend-following social features, serving Nigerian consumers via mobile, web, USSD, SMS, and retail channels.

Ownership category

akta.pro rank

Product category

Online Sports Betting and Casino

NAICS

Gambling Industries (7132), Other Gambling Industries (713290)

SIC

Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Sportsbooks (Online & Mobile Operators) (MPAEACAA)

akta.pro secondary industries

Payments, Wallets & Cashiering for Sports Betting (MPAEACAG), Sportsbook Retail Technology (Terminals, POS, Self-Service Betting) (MPAEACAN)

Keywords

• Online sports betting
• Social sportsbook
• Online casino gaming
• Mobile betting platform
• Nigeria gambling operator

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Marketing or Sales, Operations, Personnel, Infrastructure

Revenue model

1. Sports Betting Wagers: BetCorrect generates revenue by taking a margin on sports betting wagers. Users deposit funds and place bets on sports events, with the company retaining a portion of losses as revenue. Competitive odds across football and major sports attract bettors.
2. Casino Gaming: Full casino experience including live dealers, slot machines, and interactive table games. Revenue generated from casino gameplay losses.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

BetCorrect operates an online sportsbook and casino where users sign up, deposit funds, and place wagers on football and major sports or play casino games including live dealers, slots, and table games. The platform adds a social layer that lets users follow friends, discover winning bets from the community, and instantly rebet friends' bets with one click without a booking code. Distribution spans iOS and Android apps, a web platform, USSD/SMS, and physical retail betting shops in Nigeria.

Product overview

BetCorrect is a unified social sportsbook and casino platform that combines online sports betting, casino gaming, and social features in a single integrated product. The core offering consists of a mobile app (iOS/Android) and web platform, each containing the Sportsbook module (with competitive odds, live in-play betting, and same-game parlays) and Casino module (featuring live dealers, slots, and table games). Social Betting Features connect these by allowing users to follow friends, discover and instantly rebet on friends' winning wagers, and engage socially with other users.

Differentiator

Problem solved

Functional benefit

Products and services

• BetCorrect Mobile App Native mobile application for iOS and Android providing access to sports betting, casino gaming (live dealers, slots, table games), and social betting features including friend following and one-click rebet. Targeted at individual adult users in Nigeria and other permitted jurisdictions.
• BetCorrect Web Sportsbook and Casino Platform Browser-based online sportsbook and casino accessible via web at play.betcorrect.com, supporting sports betting on football and major sports plus casino gameplay and social betting features. Targeted at individual adult users.
• BetCorrect Sportsbook Sports betting product offering competitive odds across football and major sports, with live in-play betting and same-game parlays features. Available within the BetCorrect mobile app and web platform for individual adult users in permitted jurisdictions.
• BetCorrect Online Casino Online casino product featuring live dealers, slot machines, and interactive table games delivered through the BetCorrect mobile app and web platform. Targeted at individual adult users seeking Vegas-style casino gameplay.
• BetCorrect Retail Betting Shops Physical retail betting shops operated by BetCorrect in Nigeria, providing in-person access to sports betting for users who prefer or require offline wagering channels.
• BetCorrect USSD and SMS Betting USSD and SMS-based access to BetCorrect betting services for users who do not have a smartphone or internet access, extending platform reach across Nigeria.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Payment ProcessorscoreTechnology or IntegrationTrusted third-party payment processors enabling deposits and withdrawals via Opay, Palmpay, Bank, and Card methods. These providers process customer transactions including deposits, withdrawals, and payment verification.
• Fraud Prevention PartnerscoreTechnology or IntegrationThird-party fraud prevention partners that analyze device information, IP address, and location data to detect and prevent unauthorized account activity and fraud.
• Regulatory and Licensing AuthoritiescoreOthersLicensed by Lagos State Lotteries and Gaming Authority (LSLGA) and National Lottery Regulatory Commission (NLRC) which provide regulatory oversight and compliance requirements.
• Marketing AgenciesminorGTM or Marketing PartnerThird-party marketing agencies assisting with promotional activities and customer acquisition as referenced in privacy policy disclosures.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights5 records

Customer concentration

• Xx.com/BetcorrectNG
• Facebookfacebook.com/BetCorrectNG
• Instagraminstagram.com/betcorrectng
• LinkedInlinkedin.com/company/correct-tech-nigeria-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BetCorrect