Everything you should know about Betting in Nigeria

 Football Betting in Nigeria has a long history that can be traced to colonial times, when pool betting was popular, especially among older adults. Since then, younger people have taken up betting on the results of football matches, including European league football.

The country has many betting outlets where populace can place a bet physically. They can also open an account online with a betting company, using a debit card, and place bets on the website or app.

Two factors are accountable for increasing football betting among youth in Nigeria. One is the increase in poverty and unemployment. Among Nigeria’s estimated population of around 200 million, around eighty seven million are said to be tremendously poor.

According to the National Bureau of Statistics, 29.7% of youths between the ages of fifteen and thirty-four were unemployed at the third quarter of 2018. Betting may appear to be a method to make rapid money, either as a betting operative or as a gambler.

The second factor driving and enabling football betting in Nigeria is the growing use of the internet plus smart mobile phones. In 2017, eighty-four percent of Nigerians had mobile phones. The number of internet users in Nigeria is one hundred twenty two million based on figures from the Nigerian Communication Commission. This is more than half of Nigeria’s estimated inhabitants. The increase in internet users in Nigeria can be attributed to affordability of internet admission with less than 100 (less than US$1), internet connectivity is guaranteed. It is easy as well as convenient for people to place bets online utilizing their phones.