Football, as a sporting event has transcended numerous cultures over the years. Prior to the 1990s in Nigeria, soccer fans were aligned with local clubs. With increasing globalization, fans are exposed more than ever before to the performances of foreign clubs and these have inevitably resulted in a redirection of fans’ alignment with European clubs.
With the increase in awareness and love for sports, football in particular, in Nigeria, fans have come to the realization that money can be made from their hobbies. Sport betting is one of such ways through which money can be made. Another is the football viewing centre business that has also registered remarkable increase in its numbers in the past decade.
The expansion of access to new technologies, increasing availability of internet and smart phones gave sports betting a major boost in popularity in recent years. Punters are now able to place bets easily by logging into their accounts online while those who do not have access to the Internet have the option of walking into a betting shop of their choice to place their bets.
Getting into the sports betting business in Nigeria requires that the intending business owner duly registers his business with the necessary authority, the National Lottery Regulation Commission (NLRC). Their operations also have to be approved by other bodies such as the Nigerian Investment Promotion Commission (NIPC), Special Control Unit against Money Laundering (SCUML), and the National Office for Technology Acquisition and Promotion (NOTAP).
In Nigeria today, the rate at which football betting sites are springing up is so alarming that one needs to be extremely careful so as not to fall into the hands of illegal betting companies when one decides to monetize one’s passion. This rise in the number of betting sites is solely as a result of the profitability of the market especially for the bookmakers.
The legal sports betting sites in Nigeria in 2019 include:
- R & S Bet
With several new betting companies cropping in the country, the punters only have to find out the best bookmakers that would serve them most in their quest to being financially liberated.