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Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak - Sports (9) - Nairaland

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Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by SouthSouth1914: 11:56pm On Nov 15, 2024
Obaaderemi2:
Of course it would have been better if you hadn't said anything because you ended up saying exactly what he said

I don’t banter with people who don’t read, so I’ll pass.
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by Obaaderemi2: 10:12am On Nov 17, 2024
SouthSouth1914:


I don’t banter with people who don’t read, so I’ll pass.
Obviously, you are the one who doesn't read.
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by EBUBS(m): 1:45pm On Nov 27, 2024
epainos:
Lol! This is an interesting thread.

Sport betting is a form of gambling that most people struggle to master. Of course, I would not play it in Nigeria because the owners or operators of online betting sites can easily cheat players. This is the truth. So, if you play it in Nigeria, you can expect to be destroyed eventually.

It is a different game in a well-regulated setting. Sport betting has been around for a long time in the UK, and most of our grandparents bet with UK-based companies. Those grannies you saw with red, blue, green, and other single-color sheets at bus stops back then were into it. Of course, the majority of them were losers. Why?

Our grandfathers were losers because they knew nothing about probability, logic, or reasoning. How many of them can even solve a simple algebraic equation? Gambling is a mathematical game with probabilities. And you use the pattern there to make decisions. So, you need an analytical mind to master it. How can they master it when they are always with bottles of alcohol? Lol. A skill that you need to be composed to get done. Lol.

It is exactly the same with trading. Trading forex, futures, stocks, bonds, and other financial markets is nearly identical. OK. Forex trading is bad...right? But you buy stocks of companies and call it an investment. Lol. Education is important mehn!

So, I am just smiling at everyone here saying Sport betting is a curse. If so, stocks purchasing is a curse too. Lol.

The main issue here is that forex and sports betting are so simple to get started that everyone just jumps in. However, intelligence outweighs having a Ph.D. Lol. You can imagine that if proper screening is performed, 99.999% of those involved in sports betting and forex trading in Nigeria are unqualified to do so. Period.

Qualification
1. You are prepared to master an evergreen skill that will earn you money for the rest of your life.
2. You already have a source of income that will support you for at least five years.
3. If you still live with your parents, you have mastered contentment. In fact, most children should avoid it because they struggle with contentment.
4. You are somewhat proficient in mathematics.
5. You possess a high intuitive skill.
6. You can train your analytical mind.

Trading is preferable to sport betting in Nigeria.

Duration of mastering trading
Minimum of 1 year, and can extent to 5 years. During the first stage, you are to use only a demo account after rigorous study. It should not be less than 6 months.

What next?
To see patterns, you must first process data from your chart and then interpret it. This is why mastery of trading requires analytical skills.

Backtesting is very essential
Once you have identified enough patterns, thoroughly backtest your findings. This is where probability comes in. And this is where I help most people. You need to know your win-loss ratio and then map it to the appropriate risk-reward ratio. This way, you will be able to know which trades to take and which not to. This is where most traders fail. And this is where I assist my friends (only my network... one must be careful with losers that will damage ones reputation, and not to run into trouble with the authority if tou are in a well regulated place...and this is why good traders dont take money anyhow to trade...run away from anyone soliciting for investment from every Jack and Jerry) who are presently trading. I do not teach trading because there are so many free online resources available, but I do try to show friends who trade how to backtest effectively, and so far, some have improved to become better traders.

After going through the above proces for almost a year, you will spend between $25 and $600 (an amount you can afford to lose) to open a prop firm or live account with a broker with an amount you can afford to lose after extensive backtesting. What is your assignment here? Not for profit, but to defend this account for as long as possible. I defended mine for more than a year before I began profiting. So, do you see why you need an income and months of study, practice, and review before you can master trading?

So, tell me, did our grandpas do all this? How many of today's gambling boys go through this process? Do they even have the IQ to do what I described above? Think about these things. You want to do the same thing Wall Street gurus do, and you think you can lay around with sachets of alcohol gambling at Nigerian bus stops? cheesy

If you want to learn an evergreen skill that will make you very comfortable in life, you should read this post again. It takes between one and five years to begin making a profit. Can you find a source of income first? An



Well spoken......Been studying a particular streak on a betting site (virtual) it's actually going well I'm just having issues with patience. If only learn to be more patient. Please do you have any suggestions

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Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by epainos: 2:09pm On Nov 27, 2024
EBUBS:




Well spoken......Been studying a particular streak on a betting site (virtual) it's actually going well I'm just having issues with patience. If only learn to be more patient. Please do you have any suggestions
Your system must be analytic or mathematical based. If not, you are gambling. Also, get a source of income before you put 1 kobo in it. Having a source of income is the first prerequisite. If you don't have one, do not put one kobo in it no matter how good you think your system is. It's after you implement it live you know if your system is good or not.

I prefer trading to betting. Instead of going the betting route, pick trading - forex, stocks, or future.

Good luck!
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by EBUBS(m): 4:23pm On Nov 27, 2024
epainos:

Your system must be analytic or mathematical based. If not, you are gambling. Also, get a source of income before you put 1 kobo in it. Having a source of income is the first prerequisite. If you don't have one, do not put one kobo in it no matter how good you think your system is. It's after you implement it live you know if your system is good or not.

I prefer trading to betting. Instead of going the betting route, pick trading - forex, stocks, or future.

Good luck!

Yeah thanks boss. I have a source of income. I'm still in the process of learning forex though it seem very complicated. If my system doesn't work in three months I'll dump betting totally and fucus on forex
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by Scamburster(m): 11:22pm On Nov 27, 2024
blowjohn:



I don't watch Yes.

Some things are better left unsaid.. Or said in parables.


Lol, I understand. Comrade.

1 Like

Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by tobby20: 8:01pm On Dec 03, 2024
Lolz419:

But this is how u get rich over night.

I have stopped playing virtual, and all those small odds that one team will still cut.

I now spend 200 weekly on big odds.

I will pick 5 to 8 games, play it and goan sleep.

I dont stress myself checking because i know the possibility of it entering is less than 1%

This week, i play brighton to win, ipwish to win, sociedad to win, madrid to loose, psg to loose, bayern to loose

It is better i am wasting 200 weekly, which is not upto 1k a month than spending thousands on small odds and will still cut at end of the day or spending thousands looking for quick money in virtual.

I now have my peace of mind.
Me I deactivated my account
I dey watch the screen record first thing in the morning b4 excercise.
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by Waziriboy: 1:19pm On Dec 04, 2024
Don't follow other's to do what you don't know how to do
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by Midex88(m): 3:43pm On Dec 06, 2024
Am developing a sustainable system for a a massive win that will take the bookies by surprise shocked
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by aadisingh: 10:45am On Mar 13
Sports betting has taken Nigeria by storm, becoming one of the fastest-growing industries in the country. With platforms offering options like cricket satta app, dragon tiger casino, match odds, diamond game, andar bahar online, IPL betting, IPL online betting, and stake app cricket, many Nigerians are diving headfirst into the world of online gambling. But the question remains: is sports betting a blessing or a curse for the nation?

The Positive Side of Sports Betting

Employment Opportunities: The rise of online betting platforms has created thousands of jobs, from customer support roles to tech development and marketing. Many Nigerians are finding stable income through these opportunities.

Economic Boost: With the government imposing taxes on betting companies, the revenue generated can be used for infrastructure development and social programs.

Entertainment and Excitement: For many, sports betting is a form of entertainment and a way to stay engaged with their favorite sports, such as IPL online betting and stake cricket.

The Negative Side of Sports Betting

Addiction and Financial Losses: The easy accessibility of platforms like stake app cricket and dragon tiger casino can lead to gambling addiction and financial ruin for some individuals.

Youth Distraction: Many young Nigerians are spending excessive time and money on betting rather than focusing on education or skill development.

Fraudulent Platforms: Some unregulated platforms deceive users, leading to loss of funds and personal data breaches.

The Way Forward

Proper Regulation: The government should implement strict regulations to protect users from fraud and addiction.

Public Awareness Campaigns: Educating people on responsible gambling and the risks involved can help reduce addiction rates.

Support Systems: Establishing counseling centers for individuals struggling with gambling addiction.

Conclusion

Sports betting in Nigeria is a double-edged sword. While it provides employment and entertainment, it also poses significant risks to individuals and society. By promoting responsible gambling and enforcing regulations, Nigeria can harness the benefits while minimizing the negative impacts.

What’s your take on this issue? Are you a fan of platforms like cricket satta app, dragon tiger casino, and diamond game? Or do you think sports betting is doing more harm than good? Let's discuss!
Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by ChalRurk: 9:07pm On Mar 14
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Re: Sports Betting In Nigeria: Curse Or Blessing? Nigerians Speak by abhiverma: 6:16am On Apr 16
Sports betting in Nigeria truly sparks mixed opinions, but it depends on how it's approached. For some, it's a blessing—creating income opportunities and entertainment, especially through trusted platforms like Gold 365 Cricket, Rajveer Exchange, and GoExchange 365. These sites offer secure access to cricket exchange IDs and services like diamond cricket ID or cricket ID, allowing users to bet responsibly.

However, the curse side appears when it's misused or becomes addictive. Platforms like GoExchange, Diamond Exchange ID, or Cricket ID are tools—how we use them defines the impact. With proper regulation and awareness, betting can be more of a controlled blessing than a curse.

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