Virtual sports betting – unprecedented growth rate in Nigeria

It is well known that the Nigerian market is expanding fast, and shows no sign of slowing down.

In fact, statistics reports show that more than half of the young population in Nigeria participates in gaming activities, though the large share of punters in this aspect are football betting players in this category punters also turn they attention to virtual sport betting as it is a quick-way of make money, compare to the traditional real-life football matches that normally takes a whole full-match to determine your winnings, though, large chunk of punters turn they attention to virtual sport betting during early hours of the day.

For instance during the week activities when they are no major European league matches, during this period, virtual sports betting is they preferred choice of betting, as we all known tobacco companies and gambling are related with a common goal “addictive” in nature, punters in this regard are stimulated to wage on virtual games as alternative.

This form of sports betting is as result of a real-time data creating outcomes based on a computer algorithm in which consumers can place bets. Although, the most common form of virtual sports betting in Nigeria includes, virtual football leagues, virtual dog race, and horseracing. Operators in Nigeria currently 90 percent of them feature virtual games which allow Nigerians place bets both locally and internationally.

Though, virtual sports betting have proven more effective, as during off-season football leagues as well, punters could still place bets on virtual matches that still feature their favourite teams and players. For example, not to mention them all Surebet247, Nairabet, Bet9ja and Betbonanza and several other operators’ host this form of gaming on their website, ensuring that punters are still engage through virtual sports betting during seasonal football breaks.

The Success of Virtual betting

Since the introduction of virtual sports betting to gaming platforms in Nigeria by operators it as been an instance success, consequently virtual games will continue to grow because it gives players an avenue to win big within few minutes as well as the common nature of get rich quickly which is common in majority of the young people. For instance, according to report from Golden Race the award winning B2B company supplier of virtual sports betting platform in Africa, Golden race Africa claim they customers represent several millions of tickets every day.

Although, this category of betting is expected to experience further growth as it is expected, as the growth of traditional real-life football betting continue to expand, same is expected of virtual sports betting to continue to grow in the country.

Article by Adeleye Awakan
Associate/Editor www.gbc.ng Africa’s leading digital gaming magazine. For consultant on gaming in Africa, Bookmaker’s review, Content, Advertising, and Thoughtful leadership article contact: [email protected], Linkedin Adeleye Awakan.

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