The argument for which bookmaker is the richest in Nigeria isn’t as straightforward as one might think. It is a factor many citizens take that into consideration when selecting the bookmaker of their choice. While there are over 50 companies in Nigeria, the richest has to be between Nairabet and Bet9ja.
Nairabet is one of the leading betting sites in Nigeria which reportedly dates back to 2009. They were the first to come up with a functioning site and the sheer number of their customers presumably trumps every competitor. The company has proven their reliability over the years with their quick payment and certain withdrawals. While a customer can win as high as 20million Naira, the amount that can be withdrawn at a time is 500thousand Naira.
Otunba Akin Alabi, a Nigerian entrepreneur, philanthropist and politician, is the founder of the company and the idea to start the site was birthed on a visit to the United Kingdom, on a visit to a betting shop. Seeing prospects in the business, he created an information manual on ways to make money from foreign betting sites. Many solicited his help in going about it, and then he had an epiphany to start one in the country, which was an instant success.
Purportedly, Nairabet generates around five million naira daily. The company is headquartered in Lagos state with branches nationwide, while being licensed and strongly regulated by the National Lottery Regulatory Commission (NLRC). They are
Bet9ja, however, rivals the aforementioned company. For some, it’s the biggest betting company owing to the sheer number of outlets they have in the country.
Founded by Kunle Soname in 2013, they are supposedly the bookmaker with the highest possible payout which is 50million Naira.
Their reliability and swiftness of their withdrawals has endeared them to Nigerians who rate them as the best.
Bet9ja is the registered trading name of KC Gaming Networks Limited, headquartered in Lagos and licensed by the Lagos State Lotteries Board. KC Gaming Networks draws upon the best practices in both Europe and Africa. Their technology centre is based in Europe to ensure the reliability and security of their systems and customer transactions.
The Networks’ technology centre is based in Lagos to ensure customer experience is unparalleled.
Bet9ja’s popularity sees them talked about as the most common bookmaker in the south-south and south-east regions of the country – given the plethora of the company’s shops found there. They also provide the safest commissions for their agents. Given agents are compensated for every ticket printed – which is a lot – they do not bear any sort of risk.
There is really no clear winner for the richest betting company in Nigeria. Nairabet have the longevity and reliability, while Bet9ja have the clientele, while not falling short in the reliability area. It’s a close call between the pair.
Photo by The Guardian Nigeria