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Is sports betting business profitable in Nigeria?

4/6/2021 2:33:24 AM

    Is sports betting business profitable in Nigeria?

    Yes! Betting sites make money (I mean serious money) and you may be tempted to start your own betting business in Nigeria.

    Anyway, asides the list of best-betting sites, I think you should know how betting came by.

    "Let’s bet it!" ?I said with a glint in my eyes, so sure of myself…now I was in primary school when this line was what I used especially when it comes to telling the outcome of an action or the day.

    What’s my point? Even before I knew sports betting and it’s betting sites in Nigeria, I was familiar with the word "bet" and not only was I familiar with the word, I also understood the concept.

    You hear adults, that possibly don’t bet or do not know what betting is nor any betting sites in Nigeria, saying "je ka ta" (meaning "let’s bet it"). You see, sports betting did not just wake up in Nigeria one day and became popular.

    Sports betting events dates as far back as the time of Greek city-states, (oh! Apologies, that was 2,000 years ago), the Romans then adopted this from the Greeks and turned it into money generating source (remember Spartacus and how the gladiators fought while betting goes on) via the arena, gladiators games.

    Though efforts were made to squash sports betting in the middle age sports betting already had its hold on the people (something wey done dey spit money) and those efforts were futile.

    The English colonists carried it into the USA. Gbam! There goes a brief history of the oldest known form of gambling on our planet, earth.

    Suffice it to say we also got the sports betting habit from our colonial masters, leading to the gradual emergence of sports betting business in Nigeria.

    Soccer was a contributing factor to betting in Nigeria. People got so crazy about football just like the Laliga advert.

    Knowing that their favorite highest-paid footballers have a match increases their betting hormones (lol, if there’s something like that).