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Bet9ja Emerges As The Second Most Popular Sport Betting in The World, 3rd Most Visited Website in Nigeria, Makes 4.2billion Naira Per Day

Bet9ja according to wikipedia is the second Most Popular  Sport Betting in the World.

 

From Wiki

Bet9ja is an online bookmaker company that offers betting on major sporting events.[1] Traded under KC Gaming Networks Limited and run by a series of shareholders of multiple nationalities, the website is licensed by the Lagos State Lotteries Board (LSLB) with permission to operate in other parts of Nigeria.[2] It is the second most popular online betting company in the world, employing thousands of Nigerians.

 

Sponsorship

On 10 September 2013, Bet9ja signed a shirt sponsorship deal with Remo Stars F.C. during the official unveiling of Bet9ja.[3] Bet9ja is also the official sponsor of the Nigeria Women’s Football League after a memorandum was signed between the two parties in June 2015.[4]

However in 2014  NAN  gave a record of how many Nigerian place bets daily

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

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 reveals.

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

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

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

He said that most unemployed youth 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.

 

So a twitter @ani_nomso did an analysis with this statistics provided by NAN

He said:

64% of 60M= 38.4M Bet9ja = 38.4M customers

53% of 38.4M stake daily= 20.3M

3% of 20.3M win daily =6.1M Profit= 14.2M

Lets take Avg Daily Stake as 300 X 14.2M= N4.2B

Bet9ja profits Avg N4.2B.. My sense is paining me

View image on TwitterView image on TwitterView image on Twitter

Also note that Bet9ja is the 3rd Most visited website in Nigeria ahead of Facebook and Youtube confirmed by alexa.com

Bet9ja is the second most Popular Betting Company in the World, not Africa?, he bought a Football Club far back in 2015…. man is a Low Key Billionaire. pic.twitter.com/3cSjEqMl0

Lol., why won’t they.., its d 3rd most visited site in Nigeria after google., not to imagine the amount of tickets wey dey cut. Lol pic.twitter.com/dEoLfnJfZw

View image on Twitter

According to NAN, it was expressed  that  “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 youth 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.

Mr. 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.

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(NAN)

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