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‘Nigerians Spend N1.8bn Daily On Sports Betting’

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About 60 million Nigeri
ans between 18 and 40 years of age may be spending up to N1.8 billion on sports betting daily, an investigation by Tidesports source. Has revealed.
The investigation showed that they commit on the average N3,000 on sports betting daily.
A sport betting analyst, Dotun Ajekigbe, said that sport betting though risky was also rewarding.
Ajekigbe said that about 60 million Nigerians placed bets on different matches daily across the country.
He said that most unemployed youths 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.
“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.
Mr 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.
An agent for 1960 Bet Company, Lagos, Mr Afeez Adigun, 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 youths 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.
Chief Executive Officer, Lagos State Lottery Board, Mr Lanre Gbajabiamila, said the lottery industry was very risky but also lucrative.
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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Aiteo Cup: Diri Hails Bayelsa Finalists

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Bayelsa State Governor, Senator Douye Diri, has lauded the feat of the state-owned football teams who reached the finals in the male and female categories of the 2021 Aiteo Cup.
Diri, while congratulating Bayelsa United and Bayelsa Queens for their outstanding performances, praised their indomitable spirit and resilience in surmounting the odds to qualify for the last stage of Nigeria’s oldest football competition.
Bayelsa United, who plays in the second tier Nigerian National League, on Friday defeated Premier League neighbours Rivers United 1-0 in the semi-finals, while Bayelsa Queens crushed perennial rivals Rivers Angels 5-0 to reach the women’s final.
The Governor, in a statement by his Chief Press Secretary, Daniel Alabrah, on Saturday, described Bayelsa United as “giant killers” for defeating Premier League sides Enugu Rangers, Lobi Stars and Rivers United on their way to the final.
“The excellent run of Bayelsa United and Bayelsa Queens in this year’s Aiteo Cup is very heartwarming. Both teams reaching the finals is no mean feat. I congratulate them for making the state proud and setting a record of teams from the state playing in the finals of the male and female categories of the same competition for the first time,” Diri stated.
“By their outstanding performance, Bayelsa United and Bayelsa Queens have shown that the sporting revolution of our Prosperity Administration, which resulted in Bayelsa placing third in the last National Sports Festival in Edo State for the first time, is on course. I therefore urge them to complete their excellent run in the competition by bringing home the trophies.

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D’Tigress To Play Mozambique In Afrobasket

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Nigeria’s senior basketball team, D’Tigress, have been drawn to face Mozambique and a yet to qualify team in Group B of the 2021 Women’s Afrobasket, which holds from September 17 to 27 in Yaounde, Cameroon.
The draw was held in Yaounde last Saturday.
D’Tigress will be hoping to retain the title they won two years ago in Senegal, where they defeated the hosts in the final. A win in Cameroon will mean they have won the last three editions of the tournament.
The Nigerians will know their final group opponent when the FIBA Zone 6 qualifiers take place from August 16 to 22.
In Group A, hosts Cameroon will face Cape Verde and Kenya, while Senegal, the most successful team in the competition’s history with 11 first-place finishes, will slug it out with Egypt and Gabon in Group C.
Mali, Ivory Coast, and a team to be decided via wild card will fight for a slot in the next round in Group D.

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Ebonyi Football Fans Celebrate Nwankwo Kanu At 45

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Football fans in Ebonyi State yesterday, celebrated the birthday of formerNigerian international and Arsenal legend, Nwankwo Kanu.
The former Super Eagles skipper turned 45 yesterday.
Tidespoets source gathered  that the 1993 FIFA U-17 world cup winner, fondly called “Papillo’’ by his fans had 86 caps for Nigeria.
The former Iwuanyanwu Nationale Football Club of Owerri’s talisman scored 13 goals for Nigeria in an enviable career that spanned from 1994 to 2010.
Kanu is a recipient of the Member of the Order of the Niger (MON), an Olympic Games football gold medalist and had illustrious club careers with Ajax Amsterdam of Holland, Arsenal and West Bromwich Albion of England.
Defunct Ebonyi Angels FC of Abakaliki Defender, James Onele, said that Kanu thrilled soccer fans across the world with sublime skills and trademark passes.
“Kanu won two African Footballer of the Year awards, an AFCON silver medal, four AFCON bronze medals among other honours.
“He was the first Nigerian, alongside Finidi George to win the prestigious UEFA champions league trophy with Ajax in 1995,” said Onele.
An Arsenal FC supporter, Ejike Okoro, said the club’s fans were proud of Kanu’s achievements during his time with the English Premier League side.
“Kanu played 197 times for Arsenal, scoring 44 goals and was part of the club’s invincible team that did not lose any match in the 2003-04 EPL season.
“He was instrumental in endearing Arsenal to millions of Nigerian soccer fans, despite later dropping to lowly-rated clubs such as Portsmouth and West Bromwich Albion,” Okoro said.
A banker and football enthusiast, Chief Barry Ogoh, told active footballers to emulate Papillo in investing adequately for the ‘rainy day’.
“Kanu, Augustine J.J. Okocha, among other ex-internationals are still financially stable as many ex-internationals have become bankrupt.

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