In recent times, Nigeria has seen a real boom in the popularity of sports betting, especially on international football matches.
Namely, according to a report conducted by the Nigerian publication ThisDayLive, more and more Nigerian betting sites take a share of online action, many of which have physical offices in cities across the country.
In order to draw new players, sites such as Niarebet, GoldenBetsNG, NigeriaBet and many others use social media and Twitter. In addition internet cafes also seem to be taking bets, and the operator of one Lagos-based outfit, Ambrose Obialor, was reported as saying:
"Once English premier teams are playing, fans come in to place their bets. It is usually individuals that come in to bet, and the amounts depend on individual pockets,” he says.
The operations of the betting firms are mostly run on online platforms, which require minimal paperwork, and markets for selling bets are open 24/7, said Charles Agam, a spokesman for Nairabet.
According to Dotun Ajekigbe, a sport betting analyst, millions of dollars are being paid out each day to successful punters, whose numbers are higher than ever before. However, he noted: "In fact sport betting is probably one of the most risky ways to earn a living. Don't let anyone tell you otherwise, especially a salesperson trying to sell you betting. Being such a risky business punters still pursue it because of one main reason: it is probably the most rewarding and fulfilling moneymaking venture anyone can get into, only if you can make it work, that is.
“Sport betting is gambling, not investing. When you take calculated risks, you base your decisions on sound research and evidence, not intuition. The better informed the player is, the better chance he/she has at making money."
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