BETTING NIGERIA NIgeria – gamblers spend N730bn on sports betting 3 years ago Iwo Bulski Post Views: 632 Nigerians spend over N730bn annually on sports betting and at least two billion naira is generated daily, recent research data shows. Data also revealed that over 60 million Nigerian punters spend over N3,000 daily placing bet stakes. At least there are 50 betting sites in Nigeria with the number growing annually. Respondents said they placed bets to generate quick and easy income, and turn their passion for football into cash. Research statistics show that over 14 million bet stakes and payments are made over the internet every day. This, however, does not affect the rate of teeming punters at offline, physical shops. 28-year-old Fashion designer, Segun Mukoro, who bets at least once weekly, said it was the fastest way to double his income and although he might lose sometimes, the wins come big. He said, – “Yes I bet and I do so weekly, especially when there is a league playing. When you have been betting for long, it’s easier to know what odds to play and what teams to bet on. It is a guessing game and you get better with time. I know that it is addictive but I see it as an investment, a way to double my income,” Similarly, 23-year-old Eronini Kolapo explained that he used betting to augment his allowance as a student. He told NAN that he started for fun, at first but soon built a network from it. Kolapo’s almost-perfect predictions made him a leader of his sport betting ring where his peers pay him extra to place ‘sure’ bets for them. His model is not strange as website and online channels where predictions are sold to help punters maximise betting stakes, populate social media. 30-year-old Noble Obioria sold his agro-business and combined the proceeds with his savings to purchase predictions from a fraudulent channel that swindled him. He spent almost N1m trying to place a ‘sure’ stake with hope of making over N10m in return. Source: punchng.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: betting, Nigeria Continue Reading Previous Rwanda- must learn from Kenia and UgandaNext Zimbabwe – how sports betting is developing More Stories BETTING SOUTH AFRICA Pragmatic Play Expands South African Footprint with World Sports Betting 4 days ago Samuel NIGERIA ONLINE Benefits of gambling with minimal investment in Nigeria 5 days ago Szarlot BETTING UGANDA Ugandan health worker loses 6,7 million bet on World Cup game 5 days ago Samuel BETTING NIGERIA 10 secrets of successful online football betting 6 days ago Samuel NIGERIA ONLINE SEC of Nigeria will not make cryptocurrencies part of its targets 7 days ago Samuel HOT NEWS NIGERIA Overview of the Nigerian gambling market 7 days ago Szarlot BETTING GHANA Different types of soccer bet you can place any time 7 days ago Samuel BETTING SOUTH AFRICA Hollywoodbets Announces Bafana Bafana Legend Teko Modise as a Brand Ambassador 1 week ago Samuel BETTING SOUTH AFRICA Pragmatic Play Expands South African Footprint with World Sports Betting 1 week ago Szarlot BETTING TANZANIA 10Bet Continues Expansion in Africa 2 weeks ago Samuel BETTING GHANA Hooked: Sports betting addiction in Ghana youth 2 weeks ago Szarlot EXPERTS NIGERIA MoMo taps bill payment to broaden offerings, promote financial inclusion 2 weeks ago Samuel 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.