BETTING NIGERIA How addiction to sports betting ruins finances, devastates lives 1 month ago Szarlot Post Views: 104 As many Nigerians resort to sports betting and other forms of betting to improve their financial status, the addiction that results from gambling further plunges them into the depth of devastation, loss, and poverty. A Lagos-based businessman, Sonny Azubuike, joined the gambling industry after he was fascinated by a betting advert he saw on a website four years ago. The prospect of winning huge amounts of money through bets placed on football teams and players seemed like a sure path to stupendous wealth. Unfortunately, his dream of vanquishing poverty remained an optical illusion like a rainbow in the sky. With a tone of regret, 34-year-old Azubuike lamented to our correspondent how he had become so entangled with sports betting that he no longer had any significant savings. “Betting is like my second hustle, like another source of income for me. I have won between N2m and N7m before but along the way, I just noticed that my financial spending became too much and I got to the point at which I was willing to sell anything I had because I was looking for money to place on bets.” “There was a time I purchased two cars from the money I won but I later had to sell them off because I was cash strapped. I bought one of the cars for N6m but sold it for N1.5m. I also got entangled in loans too and now my first business isn’t good again. I’ve had to sell even my air conditioner. The truth is, my life can never be the same again,” – he lamented. Gambling has existed in one form or the other, but virtual sports betting remains the most recent innovation in the larger gambling industry. Betting on soccer tends to attract more punters because it is fast-paced, more comfortable to wager on, and has the potential of being a legitimate source of income. Interested punters would register online, go through the sports book to learn its rules and regulations, confirm their funds, and place bets on who would win a football match based on odds or a money line. However, compulsive gambling, particularly through sports betting has been found to have profound and long-lasting consequences for the lives of punters.(…) Read full article HERE About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: addiction, Nigeria, virtual sports betting Continue Reading Previous NLN sure of producing millionaires in Nigeria, unveils ambassadorNext How to Choose the Best Bookmaker? More Stories BETTING KENYA Ndungú’s stake in Sportpesa firm risks seizure without pay 12 hours ago Szarlot BETTING NIGERIA Parimatch Tech evolves into GR8 Tech 12 hours ago Szarlot BETTING SOUTH AFRICA SIS, Kiron Interactive in Africa partnership 4 days ago Szarlot BETTING UGANDA Melbet online betting is a stable source of income 4 days ago Szarlot BETTING WORLD NEWS Bookmaker 1xBet denies problems with license and connection with Russia 4 days ago Samuel LOTTERIES NIGERIA Commission DG inspects lottery facility ahead national games 6 days ago Szarlot LOTTERIES NIGERIA Meet the Real Owner of Baba Ijebu 1 week ago Szarlot BETTING TANZANIA Betting firm employs 142 Tanzanian youths 1 week ago Szarlot BETTING SOUTH AFRICA Betfred SA denies it owes Joburg City Power over R3m in unpaid lights bill 1 week ago Szarlot BETTING TANZANIA Parimatch Tech becomes GR8 Tech 1 week ago Samuel BETTING GHANA Why Ghana Must Widen the Distance Between Sports Betting and Education Centres 2 weeks ago Szarlot BETTING WORLD NEWS 1xBet Statement: Curaçao License is Valid and Fully Operational 2 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.