The Rise in Popularity of Betting Companies

Sport betting is legal in all 36 states of Nigeria, as well as in Abuja. In 2018 Around 60 million Nigerians were estimated to be placing sports bets per day ( roughly 30% of the population), of which youths account the most.

Less than a decade ago, there was no easy way for football enthusiasts to put their money where their mouth was – bet. Dogged fans interested in betting would have to go on European betting sites like Bet365 and Betway. But, this came with a complicated payment and account verification process.

Thereby, creating a gap for local bookmaking companies to fill. At the same time, major European betting sites like Betway having seen the trend opened a .com.ng site that allows Nigerians bet and pay with naira.

Although, there are now local bookmakers, some bettors still place some of their bets on international sites, their reason? – more cash-out options. Unlike many Nigerian bookmakers, international bettors have more cash-out checkpoints in a game. Del-B tells us that “BET365 will allow you to win the full amount of your bet if your predictions are correct by half-time”. For instance, if a bettor predicts a win for the away team and that team is leading by two to three goals at half-time, the bettor is allowed to cash-out in full (i.e. take their winnings).

The absolute most significant edge is online betting as is it may be performed any given moment and from wherever location. It’s often not necessary to stay in the location where the gambling happens. From comfort of the cushion at home, gambling is proficient as it get to be in the location. The User Friendliness of Gambling Websites as well as the Promotions Broadcasted such as bonuses, enables consistency in betting. Online sports betting is now a very big deal in Nigeria as many youths and even adults have realized they can multiply their money with ease not minding the huge risks.

Bet9ja is the registered trading name of KC Gaming Networks Limited. It was co-founded by Ayo Ojuroye and Kunle Soname who are its CEO and chairman respectively. Bet9ja covers all the major sporting events across Europe and the world. It offers a 100% Welcome Bonus up to ₦100,000. On a Saturday there may be as many as 10,000 different bets on offer. .

Given the low rate of internet penetration at the time they launched, Bet9ja utilized an aggressive offline strategy – agents with shops. They created a network of agents by selling franchises to interested parties. It has paid off, and they’ve been able to move their customers online. As it stands, Bet9ja.com is the second most visited site in Nigeria.

A Niche for bet9ja is their mobile friendly website – https://mobile.bet9ja.com , which comes entirely distinct from their web version for Desktop computers. Bookers can easily select relevant markets in menus, choose odds, and access their betslip at the bottom of the page, where they can book bets.

To help betting fans fund their accounts quickly and reliably, Bet9ja accepts payments via a variety of banking methods including credit cards, mobile deposits, online transfers, ATM deposits and many others.

NairaBET is Nigeria’s first sports betting company, founded in 2009. it is still one of the biggest in the country, and owned by Nigerian entrepreneur, Akin Alabi. Nairabet offers 100% bonus on your first deposit valid for deposits of up to 100 thousand Naira, this means you get 200,000 Naira if your first deposit is 100,000 Naira. Games you can bet on include football, American football, basketball, Darts, Winter Sports, Waterpolo, Volleyball, Tennis, Snooker, Rugby, Ice hockey, Handball, Futsal, Floor-ball, Badminton, Bandy, Beach soccer, Virtual Football League and Virtual Horse Classics.

Not only does placing a stake with Nairabet offers you the opportunity to choose from a wide range of activity, it also does so in a unique way by offering users highly competitive odds (which can be viewed in decimal, fractional or American format). On multiple occasions, it has been observed that they offer slightly higher odds than some well-established betting websites. Although it is a customary rule among betting websites that once you lose a game in your slip, you forfeit your stake money, or get back your stake money at best when you lose just one game from an accumulated ticket containing a minimum of 12 games, the case is completely different when you place a bet with Nairabet under this condition. You could still win up to a maximum of 30% of your projected earnings if you lost just a game and met other betting conditions.

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