The New Wave of Sport Betting

Fri, Feb 14, 2014
By publisher
6 MIN READ

Business

Gambling via the internet has become the in-thing in Nigeria as more websites spring up to offer services to sport enthusiasts who want to make fast money through gambling

|  By Anayo Ezugwu  |  Feb. 24, 2014 @ 01:00 GMT

AS A football lover, Moses Diugwu has heard a lot about various online betting websites, which he understands has fetched many football lovers some good cash. So, he decided to try his luck with the nearest 9jabet centre close to him. For someone who was used to predicting soccer matches, albeit for free, Diugwu staked N200 to predict the full-time score in a Spanish La Liga game. His prediction came true after the 90 minutes match and he became N15,000 richer. Since then, he has embraced sport betting.

Just like Diugwu, Chibuzo Anozie, a tailor, is also fascinated with the idea of sports betting as he believes that the gamble could bring him a financial breakthrough someday. As far as Anozie is concerned, “gambling is the last chance for the common man to make money in life.” Unlike Diugwu, however, Anozie knows little about football, especially the foreign league matches. His strategy is to listen to the analyses of football enthusiasts around him and take a bet on that basis. The result? He has correctly predicted some games, earning a decent income and faltered in others.

With an increasing passion for football, especially the English Premier League among Nigerians, gambling is gradually gaining a foothold in the country. Various betting sites are springing up on the internet, with many of them operating betting centres with agents across the country. Unlike the regular Australian or English season pools, where gamblers have to perm one from two to secure the winning number through football forecasting, the new online gambling sites give gamblers the option of choosing among the various games like basketball, tennis, snooker, baseball and cricket. However, since many of the gamblers show more interest in soccer, the betting sites provide them the opportunity to predict or bet on all the leagues, particularly the popular European league, like Spanish La liga, Italian Serie A, English Primer League, as well as the FIFA World Cup and Nigerian Premier League.

These betting sites also make their presence known through adverts on the various social media platforms like Facebook and Twitter to attract customers. Sites such as 1960bet.com, niarebet.com, surebet.com, bet9ja.com, bet365.com, goldenbetsng.com, mybet.com.ng, nigeriabet.com, nairastake.com, ladbrokes.com, footballpoolsxtra.com, 888sport.com/bet, and paddypower.com, offer online football gambling. These companies are registered in Nigeria with some of them linked to international sports betting sites, with the aim of providing football betting to registered customers who must be 18 years and above. With the internet playing a major role in the accessibility of betting game to the populace, many of the companies also have registered agents that manage centres where people without internet access can play the game in safety and comfort.

Ibunkun Atinuke, manager of Sportbet, said the company keeps customers abreast of daily games by printing fixtures that contain the list of all the matches that will be played in the various leagues all around the world at particular times. She, however, cautioned that people need to know the clubs playing before placing their money on a bet on either of the two teams. “You do not go on and play a bet when you don’t know who is playing, the strength of the team and what they are doing because that will be more or less like wasting your time and resources,” she said.

 To play, each team is assigned different odds on which the gamblers will stake their bet. Gamblers, however, have up to the kick-off time to bet their odds either on final score, draw, win, first to score, time of score and mode of score among others. For each gambler, the amount he or she wins is determined by the accuracy of the prediction and the amount staked on the odds, since the winner is usually determined by multiplying the odds and the amount. “Odd” is the percentage given to every game regarding its strength. The percentage is, however, always given in decimal forms like 1.00, 2.50 or 1.65. The various agents are expected to redeem the tickets and pay customers within 24 hours.

Okikiola Amosun, an agent to bet9ja, is of the opinion that many Nigerians stand a great chance of winning their bets because most people in Nigeria are fervent football fans. He also advised that the betting game should be played on the basis of how well the individual knows the team he is staking a bet on by comparing their strengths and lapses in past matches with that of the competing teams. According to him, doing this will give a player an advantage in assessing if his chosen team will win, lose or play a draw. Amosun said as an agent, he makes his profit through commissions on every game played in his centre in a week. He says there are times agents earn between N40,000 and N50,000 per week. “That is why I encourage my clients to play more games since it offers them more chance of winning and also boost my commissions,” he said.

Although Amosun agrees that trendy sport betting is risky, he feels it is rewarding. “Risk is attached to every form of gambling.  One cannot be totally sure since it is what everyone easily does,” he said, adding that “the best approach to betting is to indulge in it minimally rather than taking it to the extreme.”

The shocking realisation of this internet betting is that despite the technological innovation, it has a lot more in common with other forms of lottery like Pool staking, Jackpot, Try Your Luck, Lotto and every other kind of gambling. It thrives on greed and luck. Gambling has impoverished many youths and triggered up vices such as borrowing, stealing among others. Sometimes fights that lead to loss of lives break out in the process.

Tags:

6 thoughts on "The New Wave of Sport Betting"

  1. I am very glad to read this wonderful post about strategies to get safely on sports through the online medium. I really feel that people should that on sports but also take care of the safety and precautionary measures. Here I would like to welcome people to my online sports betting website which offers a safe and wonderful environment and interface and apart from offering games it also offers the latest information and certain facts about sports.

  2. HOW TO MAKE MONEY BETTING ON NAIRABET

    In this guide, I want to show you how to make money by predicting the outcomes of football matches (as well as other sports) being played all over the world. i will advice you register a FRESH on Nairabet account by clicking here.https://www.nairabet.com/Odds/registration/affiliate522094 You hear me right. A lot of things are involved in really making it big on Nairabet and other betting sites. One of such is registering a FRESH account if you already have one before so that you can start afresh. Therefore, Kindly click here => https://www.nairabet.com/Odds/registration/affiliate522094 Do you know that just by saying something like Manchester United, Chelsea and Arsenal will win their matches can win you like times 5 of your investment? You don’t even have to predict the scoreline. Just say they will either win, draw or lose. Are you excited? Great. I’m going to show you how to do it. Let’s go.

    Football Betting Explained

    Football betting is all about placing money against bookmakers. It is different from betting against other people the way most people do. Bookmakers are betting companies that provide the platform for betting
    activities. They also provide the prices and expected winnings on each football match and other sports. All you need to do is to determine the outcome of a particular match or a series of matches. You don’t need to predict the exact scoreline. Of course there are bets where you can predict the exact scoreline and we will talk about that later. The price per match will be determined by how hard it is. The easier the
    match, the lesser the potential returns. The harder the match, the higher the potential outcome. Assuming Manchester United wants to play Wigan Athletic at Old Trafford, we all know there is a very high likelihood that Manchester United would win. Isn’t it?Again Make sure you re-register through this link So that you can start afresh. Therefore, Kindly click here =>
    https://www.nairabet.com/Odds/registration/affiliate522094………….

    The money you are expected to win if you say Manchester United will beat Wigan will be very small. In fact, very very small. On the other hand, if you say Wigan will beat Manchester United, then the expected monetary returns would be high. It will be high as well if you say it will end in a draw. Are you enjoying it? Each football match has its own price. It’s called odds. Have you ever heard statements like “Bookmakers have said Chelsea to win the league at 6/4”? That 6/4 is the money tag on Chelsea to win the title. Don’t worry. I will explain more. Using the Manchester United and Wigan example I gave above, a
    bookmaker can say his price/odds for the match is 1.2. This means that whatever you bet with will be multiplied by 1.2. Is it making sense now? Predict that Wigan will beat Manchester United, the odds could be 14.2. That means that whatever you bet with will be multiplied by 14.2. Let’s still use the Manchester United and Wigan example. So if you want to bet on it, what would you do? Manchester United to win
    at 1.2? If you put N1,000 on that, you will get just N1,200 in return. That is just N200 gain. Or will you back Wigan to win at 14.2? You only need to put in N1,000 to win N14,200. But will Wigan beat Manchester United? That is where your football mind and knowledge is needed. If 1.2 sounds small to you, there is something you can do to increase your potential returns. It’s called accumulators. Let me explain what that is. Let us assume that this weekend, these are the matches that will be played. Man Utd V Wigan Chelsea V West Brom Arsenal V Sunderland If the odds for Man Utd to win is 1.2 and Chelsea to win is also 1.2 and
    Arsenal to win is 1.4. What you can do is to combine these matches and Register Now this our Link – https://www.nairabet.com/Odds/registration/affiliate522094

  3. Online sports betting is way easier than going after the sports bookies. Here, all that the players need to do is to select the sports game on which they wish to bet, bet money over the game and then wait for the sports game to get over and then they can get the winnings in their accounts. This is really simple and you can find this easy way to bet on our online sports betting website. We also offer 24×7 helpline for the players.

  4. The English league begins followed by other top European leagues such as the Spanish, German, Italian, Portuguese etc. It is another season to make money from football with the best online sports betting companies; its another time to put your football knowledge and predictions to work. Register and fund your online sports betting account with the best and stake on your favourite football teams.
    The list of the best and fast paying online sports betting companies:
    1. Merrybet
    2. Surebet247
    3. Nairabet
    4. 1960bet
    5. Bet9ja
    6. Lovingbet
    For more information about these online sports betting companies and other related sports betting information check out onlinesportsbet247.wordpress.com

  5. HOW TO MAKE MONEY BETTING ON NAIRABET

    In this guide, I want to show you how to make money by predicting the outcomes of football matches (as well as other sports) being played all over the world. i will advice you register a FRESH on Nairabet account by clicking here.https://www.nairabet.com/Odds/registration/affiliate522094 You hear me right. A lot of things are involved in really making it big on Nairabet and other betting sites. One of such is registering a FRESH account if you already have one before so that you can start afresh. Therefore, Kindly click here => https://www.nairabet.com/Odds/registration/affiliate522094 Do you know that just by saying something like Manchester United, Chelsea and Arsenal will win their matches can win you like times 5 of your investment? You don’t even have to predict the scoreline. Just say they will either win, draw or lose. Are you excited? Great. I’m going to show you how to do it. Let’s go.

    Football Betting Explained

    Football betting is all about placing money against bookmakers. It is different from betting against other people the way most people do. Bookmakers are betting companies that provide the platform for betting
    activities. They also provide the prices and expected winnings on each football match and other sports. All you need to do is to determine the outcome of a particular match or a series of matches. You don’t need to predict the exact scoreline. Of course there are bets where you can predict the exact scoreline and we will talk about that later. The price per match will be determined by how hard it is. The easier the
    match, the lesser the potential returns. The harder the match, the higher the potential outcome. Assuming Manchester United wants to play Wigan Athletic at Old Trafford, we all know there is a very high likelihood that Manchester United would win. Isn’t it?Again Make sure you re-register through this link So that you can start afresh. Therefore, Kindly click here =>
    https://www.nairabet.com/Odds/registration/affiliate522094………….

    The money you are expected to win if you say Manchester United will beat Wigan will be very small. In fact, very very small. On the other hand, if you say Wigan will beat Manchester United, then the expected monetary returns would be high. It will be high as well if you say it will end in a draw. Are you enjoying it? Each football match has its own price. It’s called odds. Have you ever heard statements like “Bookmakers have said Chelsea to win the league at 6/4”? That 6/4 is the money tag on Chelsea to win the title. Don’t worry. I will explain more. Using the Manchester United and Wigan example I gave above, a
    bookmaker can say his price/odds for the match is 1.2. This means that whatever you bet with will be multiplied by 1.2. Is it making sense now? Predict that Wigan will beat Manchester United, the odds could be 14.2. That means that whatever you bet with will be multiplied by 14.2. Let’s still use the Manchester United and Wigan example. So if you want to bet on it, what would you do? Manchester United to win
    at 1.2? If you put N1,000 on that, you will get just N1,200 in return. That is just N200 gain. Or will you back Wigan to win at 14.2? You only need to put in N1,000 to win N14,200. But will Wigan beat Manchester United? That is where your football mind and knowledge is needed. If 1.2 sounds small to you, there is something you can do to increase your potential returns. It’s called accumulators. Let me explain what that is. Let us assume that this weekend, these are the matches that will be played. Man Utd V Wigan Chelsea V West Brom Arsenal V Sunderland If the odds for Man Utd to win is 1.2 and Chelsea to win is also 1.2 and
    Arsenal to win is 1.4. What you can do is to combine these matches and Register Now this our Link – https://www.nairabet.com/Odds/registration/affiliate522094

  6. Online sports betting maybe new for you but does not mean that you can never learn about it. If you are a sports fan and would like to give sports betting a chance then you can visit my informational sports betting website where you can learn about how to bet online and how to find the best online sports betting websites. We also acquaint the players with some of the important things that the players must look for in the sports betting websites to stay safe.


Indian investor to boost Nigeria health care sector with $100 million investment

NIGERIA-INDIA investment relations got a boost, on Sunday, when Indian Origin Healthcare Group Padiyath Healthcare revealed that it has earmarked...

Read More
Reps panel absolves Ecobank of any liability to 167 sacked workers

The House of Representatives Committee on Public Petitions has absolved Ecobank of any liability toward the 167 members of staff...

Read More
Access Bank dismisses allegations of missing N500m from customers account as baseless

Access Bank Plc has dismissed allegations of missing N500 million from customers account in the Bank are most untrue and...

Read More