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Nigeria is one of the many African countries that is being engulfed with the epidemic of online sports betting. This includes online poker, casino games, and sports betting. The Nigerian sports betting and gaming industry has grown astronomically in the last two years. This exceptional growth can be attributed to the large population of the nation and increased access to internet devices. Nairabet was the first domestic online sports betting website in Nigeria. Is sport betting legal in Nigeria? All forms of gambling in Nigeria including sports betting is regulated by the National Lottery Regulatory Commission. On the state level, Lagos State has set up a body known as Lagos State Lotteries Board (LSLB).
Also Read: How To Make Money On YouTube In Nigeria. How profitable are sports betting business in Nigeria? Sports betting is an extremely profitable business in Nigeria. Roughly 60 million Nigerians between the ages of 18 and 40 are involved in active sports betting. On average, these punters spend around 3,000 Naira every day on bets. Sports betting provides Nigeria football fans with the opportunity to earn money from what they love. In 2019, sport betting shops can now be spotted in almost every street in Lagos and new ones are propping up daily. A leading report on Gambling in Africa published in 2016 by KPMG reeled out some startling numbers on the sports betting industry in Nigeria. 5m with a 20-30% margin on profit.
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Football betting is the activity of predicting sports results and placing a wager on the outcome. The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. The bookmaker accepts both wagers and maintains a spread which will make sure of a profit regardless of the outcome of the wager. The football betting odds market tabs are categories of markets grouped together under one header, by clicking on any of the tabs the markets will update and you will have the possibility to select the odd of a specific event.
Football betting odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are used in continental Europe, Canada, and How Bet9ja Is Played Australia. They are the ratio of the full payout to the stake, Highest [https://www.youtube.com/watch?v=Q4ejjUba5X4 Bet9ja Highest Winning Amount Winner 2018] in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. 1X2 - You have to predict the outcome of the entire match. O/U 2.5 - You have to predict if the total number of goals scored during the entire match will be over or under the spread indicated.
DC - You have to predict the outcome of the entire match. 12 - (at the end of the match the home team wins or the away team wins). H Win Both - You need to predict if the Home team will win both halves.[https://www.youtube.com/watch?v=Q4ejjUba5X4 Bet9ja Highest Winning Amount.com/?promocode=yohaig bet9ja.com] NB: The two halves will be considered as independent of each other. A Win Both - You need to predict if the Away team wins both halves. NB: The two halves will be considered as independent of each other. Handicap 1×2 - When betting with a traditional handicap, points or goals are subtracted from the favourite team.
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HS Half- You need to predict in which half will be obtained the highest scoring. Odd/Even- To predict if the number of goals scored during the entire match is going to be odd or even. A 0-0 result is considered even. Home SBHT- You have to predict if the Home team will score in both the first and second halftime of the match. Away SBHT- You have to predict if the Away team will score in both the first and second halftime of the match. No-BHO1.5- both teams do not score at least 2 goals in total during each half. Both H U1.5- You must predict if the total number of goals scored by both teams is a maximum of 1 goal during each half of the match.
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Cos I've used other betting platforms. Nairabet for. Example will pay you same day you placed a withdrawal. I just enjoy the site (bet9ja) for placing bets cause its easy to navigate. But their customer service is definitely the worst. I'll have to stick to nairabet hence forth and adjust to their site. I won some money on bet9ja and they haven't credit my acct till now, had to call there customer care yesterday to know what's going on, and they said they gonna credit my acc today. Haven't receive any money in my acc and they keep asking me to use the money to fund my acc so as to use the money in playing games. I use bet9ja online platform.
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Where are our lottery regulators? Cos I've used other betting platforms. Nairabet for. Example will pay you same day you placed a withdrawal. I just enjoy the site (bet9ja) for placing bets cause its easy to navigate. But their customer service is definitely the worst. I'll have to stick to nairabet hence forth and adjust to their site. 1 Like 1 ShareRe: Bet9ja Highest Winning Amount Intentionally Delays Payment To Make Users Cancel Their Withdrawals by Obago1000: 3:11pm On Apr 21, 2017 Same thing here. I won the money since last week. I've had to cancel the withdrawal once to take small funds from it to place bets and place it back for withdrawal.
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I hope and pray they pay my money today. I'd rather deposit another money from my account than to cancel the withdrawal. You've got to wait for another 3 days be that, I guess. I hope and pray they pay my money today. Was no longer there and I was happy that they've finally started processing my transfer. Only for me to check again and I discovered the didn't do my transfer, they just put my money back in my account. They terminated my transfer themselves exactly 10 mins to tthe end of today's banking hours which would have made it 24 hours of me waiting for the transfer.
And today's is friday. So they want me now to replace the withdrawal from Monday? Or they want to use it to bet again and probably loose it all this weekend? Someone did told me once that they canceled his withdrawal themselves but I told him he was lying. Now I've seen for myself. 1 Like Re: Bet9ja Intentionally Delays Payment To Make Users Cancel Their Withdrawals by Horlaidex(m): 4:08pm On Apr 21, 2017 I'm new to all this betting shii and don't even know how it works. I checked my now and it's still pending, hopefully they'll do something before the end of the day. But ur case is somehow funny o, why will they cancel ur ur withdrawal instead of processing it. Was no longer there and I was happy that they've finally started processing my transfer.
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I'm new to all this betting shii and don't even know how it works. I checked my now and it's still pending, hopefully they'll do something before the end of the day. But ur case is somehow funny o, why will they cancel ur ur withdrawal instead of processing it. I'm new to all this betting shii and don't even know how it works. I checked my now and it's still pending, hopefully they'll do something before the end of the day. But ur case is somehow funny o, why will they cancel ur ur withdrawal instead of processing it. 2 Likes Re: Bet9ja Intentionally Delays Payment To Make Users Cancel Their Withdrawals by oluwafreshkid(m): 4:51pm On Apr 24, 2017 you'd have to choose between easy web navigation and quick payment. I now use Merrybet..
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