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“nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst - Business (4) - Nairaland

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Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Hero10001: 9:52am On Aug 01, 2014
Sport Betting has gone beyond gambling, it involves skills and knowlege.
It is like trading in Financial markets, i.e Forex, Stocks, Gold, Oil, Real-estate etc.
It is for Men not kids.
Life belongs to those who risk cos risk takers are the greatest in history.
betting is life, bettors are Calculated Risk Takers (CRT).
"Show me a man who is afraid to risk anything and i will show you a dead meat"
~Hero.
I'm proud to be a "Responsible Punter"

7 Likes

Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by grandstar(m): 11:45am On Aug 01, 2014
I very much doubt it. If they said N10B yearly, I'd accept but 1.8Bn , now thats a stretch!
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Nobody: 11:48am On Aug 01, 2014
Hero10001:
Baba mi, over 2.1 ke? hahaha!!
Betting industry is like a money market, so what d'u expect? 'Huge Money is it'
What happend to the letter 'D' in Donroxy?
Happy nu month ;-)
I learnt the drill from you really I keep reading Over @ 1.0 or something like that and I think u re a kinda Don in that game ..... cheesy

Happy new Month bro , wishin you the very best !
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by iluvweed(m): 2:11pm On Aug 01, 2014
Now compare to how much BROS IJEBU is making.... grin
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by gustav25: 2:17pm On Aug 01, 2014
waltz my biz? I bet 100 I win ....I smile
I bet 100. I lose.....I smile
sports betting is a business
you either lose or gain
but I don't support useless betting .
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by charis3(f): 2:25pm On Aug 01, 2014
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Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Cwhyte(m): 2:40pm On Aug 01, 2014
The statistics is a very wrong. 60mil Abbah.. That's means 1 out of every 2 Nigerians place bet worth of 3k daily. That's an obvious lie

1 Like

Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Cwhyte(m): 2:44pm On Aug 01, 2014
Swash042: Since is not $1.8bn, for me #isnothing. grin
Winners neva quit; Quitters neva win! tongue
But seriously naija bookies are stingy,selfish & wicked angry

Check http://AccessBET.com and see high odds
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Nobody: 3:10pm On Aug 01, 2014
babawalexy: About 60 million Nigerians between 18 and 40 years of age may be spending up to N1.8 billion on sports betting daily, investigation by the News Agency of Nigeria (NAN) reveals.



The investigation showed that they commit on the average N3,000 on sports betting daily.

Dotun Ajekigbe, a sport betting analyst, said that sport betting though risky was also rewarding.

Ajekigbe said that about 60 million Nigerians placed bets on different matches daily across the country.

He said that most unemployed youths have taken to online and other forms of sports betting to make a living.

According to him, from findings this group of people stake an average of N3,000 daily.

“Sport betting is gambling, not investing in bank shares.

“But almost everything in life is a gamble, more so with money matters. With gambling comes risks because it not 100 per cent guaranteed.

“However, you can dramatically reduce your risks by taking calculated risks only.

“When you take calculated risks, you base your decisions on sound research and evidence, not intuition.

“Sport betting is by chance. The better informed the player is, the better the chance he/she has of making money,” he said.

Ambrose Obialor, who runs Yobo Viewing Centre, Lagos, says that some people bet between N2, 000, N10, 000 and above, depending on the individual.

He said that some people denied themselves of food after spending all they had on a bet.

Afeez Adigun, an agent for 1960 Bet Company, Lagos, said that between 200 and 300 people visit his office to place bets on match days during football seasons. while about 150 people bet at off-seasons.

According to him, a betting company can generate up to N20 million monthly and use between N5 million and N7 million to meet winners obligations in terms of payment.

He also described sports betting as very risky but highly rewarding business.

A representative of another betting company, Betting World, who did not want his name mentioned, said that sport betting companies have employed about 50 youths in Lagos.

He also said that betting outlets were always filled with countless young people between ages 18 and 40 who come to place their bets.

The representative said that most people borrow as much as 10,000 for their daily stakes, stressing that some of them win, while others lose but returned for the next day’s betting.

He said that most people did not like to place bets on Nigerian matches because they were highly predictable.

Lanre Gbajabiamila, Chief Executive Officer, Lagos State Lottery Board, said the lottery industry was very risky but also lucrative.

Gbajabiamila said that the board generated about N1 million in 2013 from about 11 sport betting companies in the state.

He added that more revenue could be generated with more investment to develop the industry.

“The state government has been making efforts to provide an enabling environment for the lottery industry but only 40 per cent of the industry had been tapped into.

“We urge the Federal Government to create a more enabling environment for operators in the industry to increase revenue and create jobs for youths.

“The major needs of the operators are improved electricity and internet provision to boost the business,” he said.

He restated the commitment of the board to rid the state of illegal lottery operators.

Source: http://babawalexy..com/2014/07/nigerians-spend-n18-billion-daily-on.html


Seriously?? shocked shocked shocked shocked shocked

And we say there is no money in Nigeria.
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by greall1: 3:11pm On Aug 01, 2014
I use to play it when I was in Nija. I count sport bet as a Fun,is none of anybody business since I don't collect money from u. Rubbish.
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Gilbert01: 4:02pm On Aug 01, 2014
There's a dark addictive side to betting that we should pray to avoid...i think it's out of hand when family suffers as a consequence. Risk is a good thing...just got to keep it in check.
I've gambled before...lost some..won some! If you want to play it safe, and make money that are guaranteed take part in online paid studies!
I completed one today - sure bet I made some cash! TRY IT! http://www.afriq-a.com/index.php/panel-2
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by portix: 5:04pm On Aug 01, 2014
smiley

Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Koolmexxi(m): 5:11pm On Aug 01, 2014
Obago!!! D thing wan send bois go village wit jus Ghana must go bag ooo
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Revolva(m): 5:50pm On Aug 01, 2014
If u see when guys dey bet fear go catch u everybody wan hammer
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Japlon(m): 5:59pm On Aug 01, 2014
I just fund my acct now
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by LajaLaba: 9:20pm On Aug 01, 2014
gistmelove:
grin oloshi alaye baje why u dey quote me?? Continue ok.. Until e remain one cloth for ur body na that tym u go knw say gambling no b pure way...
Oloshi alaye baje somebody grin
How old are u?

1 Like

Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by gistmelove(m): 12:32am On Aug 02, 2014
LajaLaba: How old are u?
na me and ur papa dey dsame category so go ask him that question..
Oniradarada grin
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by MichaelSokoto(m): 8:05am On Aug 02, 2014
iduzebaba: harammmmmmmmmmmm!
Chai!
Klowns everwhia grin
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by kalufelix(m): 9:12am On Aug 02, 2014
Fear fear pple no wan die buh dem wan go heaven...more millionaires are goin to emerge dis season u go dey dia dey look

sports bettin has gone beyond gamblin its a financial market and dia are lots of money to be won

it only takes some good measure of discipline to make a livin from it

Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Nobody: 9:35am On Aug 02, 2014
d fear of gambling is d beginning of wisdom. people are just wasting God's resources and wasting their lives for Satan. suicide, wastage, poverty and frustrations are d end results of gambling. the house of LOTTERIES CASINO OR BABA IJEBU ALWAYS WINS.

http://www.giveshare.org/BibleStudy/098.gambling.html
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by Nobody: 10:11am On Aug 02, 2014
greall1: I use to play it when I was in Nija. I count sport bet as a Fun, is none of anybody business since I don't collect money from u. Rubbish.

keep deceiving urself at d bolded. ur co players losses are ur gains. those dat loss pays those dat wins. why not engaged ur energy in something meaningful dat produces honest reward and services to humanity not worthless zero sum games like dis.
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by LajaLaba: 9:59pm On Aug 03, 2014
gistmelove:
na me and ur papa dey dsame category so go ask him that question..
Oniradarada grin
I asked u again How old are u?
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by asellus: 11:10am On Aug 07, 2014
It's like my brother do, really yesterday he spent 50$ betting football matches in Russia (are there any football teams in Russia?) He is hazardous man - couple of days ago he won about 300$ in online csino like www.allhighrollercasinos.com I suppose each year he lose more money than budget of some countries. So 1,8 billion it's not very unreal.
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by LajaLaba: 5:30pm On Aug 07, 2014
gistmelove:
na me and ur papa dey dsame category so go ask him that question..
Oniradarada grin
Ayyub Abu Zamani oloshi how market today?
Re: “nigerians Spend N1.8 Billion Daily On Sports Betting” – Analyst by AdetayoOlufems: 11:01am On Aug 15, 2016
I wonder if they are still making this much in 2016 or if the money has gone higher.

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