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Nigeria’s Gambling Growth Insider

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Without a doubt, when you hear about Nigeria, gambling is not the first thing that comes to your mind. Nevertheless, it appears that the country’s gambling industry is growing rapidly and it is estimated that in the next five years, Nigeria will become one of the fastest-growing African countries in terms of gambling.

 

Apparently, in Nigeria you can indulge on all kinds of betting, from the upcoming national lottery, through sports betting, to casino gambling, where you can play table games or you can choose between classic, video and progressive slots machines.

 

The multinational professional services firm PricewaterhouseCoopers (PwC) recently published a report titled “Gambling Outlook 2013-2017” and it did not focus on Nigeria exclusively, but also analyzed gambling data from South Africa and Kenya. The report features data from various gambling options in South Africa –  LMPs, sports betting, bingo, as well as the national lottery are taken into. Still, for Kenya and Nigeria, the report reveals statistics from casino gambling only.

 

As stated by PwC, Nigeria’s gross gambling revenues will increase by 16 per cent in the course of the next five years. What is more, Nigeria is to launch a nationwide lottery titled Quick Lotto, and former chairman of the Senate Committee on Capital Market Ayo Arise believes that the launch will generate employment and tax revenues.

 

Arise has collected data from various countries which have a national lottery and believes that for most countries the lottery is but a means to make the community more prosperous. In this respect, he states that Nigeria does not intend to behave differently. Arise  has stated that 20 percent of the profits from the lottery are distributed to the Federal Government which uses the money for good causes, “for the advancement and progress of this nation,” says Arise.

 

Fortunately, as we already said, Nigeria has other betting options and people do not need to wait for the lottery to launch in order to gamble. In fact, one of the most popular means of gambling here is sports betting.

 

Many betting companies have benefited from the football enthusiasm all across the continent, designing and deploying betting platforms every day. Fans can stake small bets and win big amounts of money, and this strategy makes sports bets incredibly popular among locals, both young and old.

 

As a matter of fact sports betting has become popular during the last decade. According to a KPMG report on Gambling in Africa, about 60 million Nigerians adults (18-40 years old) are into active sports betting. The common player would spend about 3,000 Naira (nearly $15) on sports betting. Proportionately, nearly 2 billion Naira is laid out on sports betting in Nigeria every day, which turns into nearly 730 billion Naira for a year. No wonder why betting shops can be spotted on almost every corner in Lagos and each day, new betting places set up shop.

 

The strategy of betting a small amount of money with the chance to score something big seems to be increasingly popular among young people. A poll revealed that Nigerians bet on football games every day not only because it is a way to make quick money, but also because it distracts people from high unemployment rates.

 

According to 2016 data, youth unemployment rates in Nigeria increased from 25 percent in the third quarter of the year to 25.20 percent in the fourth quarter of 2016. By comparison, the numbers averaged 19.20 percent between 2014 and 2016.

 

Nigeria has a good casino gambling business, too. What is more, the casino industry is expected to grow and turn into one of the continent’s largest casino industries in the following years. The bad thing about casino gambling in Nigeria is the fact that the system is largely unregulated and there are not enough licensed gambling venues.

 

The two gambling cities in Nigeria, i.e, the cities with a legal gambling facilities are Abuja and Lagos. Lagos is the largest gambling city in the country and it has 1 gambling facility, 10 table games, as well as 106 games, slots, and even video poker machines. However, games such as roulettes and coin flipping are prohibited in Nigeria.

 

Despite the fact that the physical casinos in Nigeria are but three, the on-line casino industry has shown rapid growth, ever since the first on-line casino was licensed in the country in 2013. Actually, gambling was banned across the country until 2004, but then the first officially sanctioned on-line lottery was launched (incidentally, that is also the time when the country’s casinos opened, too).

 

The year 2013 saw the establishment of the country’s first on-line casino. Initially, the casino featured only Roulette games. The market rapidly expanded and now Nigerians can access a wide range of international and sports casinos operators. Nevertheless, the country is still very strict on the topic and allows citizens to visit approved sites only.

 

Experts expect the on-line gambling industry in South Africa, Kenya and Nigeria to reach $37 billion this year and this has made the government to realise that the potential tax revenues from such an expansive business require proper regulation and should not be turned a blind eye on.

 

Nigerian authorities think that the strong regulation of the market will actually attract more people to on-line gambling sites and it will even help reduce corruption and criminal behaviour among the population.

 

Government has been trying to set new regulating laws and make gambling profitable for the country as early as 2014, but with little success. New licensing systems are needed, according to Lagos State Lottery Board, and FIFA’s Early Warning System believes that both operators and the government can benefit from one another, all they need to do is work hand in hand.

 

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Premier League Stars in AFCON 2023: A Look at Football’s Finest and Their Impact on Fantasy Football

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As the curtains rise for the 2023 Africa Cup of Nations (AFCON), the glittering stage of the English Premier League (EPL) braces for a temporary but impactful exodus. Some of the biggest names in football are set to depart for their countries, leaving Fantasy Premier League (FPL) managers in a whirlwind of tactical recalibrations??. The bettors are also set to interesting times, since many teams will be weakened. The wagers at betking nigeria, review can be found at the link, should be weighed in advance.

 

Premier League’s African Contingent

Let’s roll out the red carpet for the Premier League stars jetting off to AFCON 2023. Arsenal waves goodbye to Thomas Partey and Mohamed Elneny, while Aston Villa bids adieu to Bertrand Traore. Bournemouth’s Antoine Semenyo and Dango Ouattara set off, as do Bryan Mbeumo and Yoane Wissa of Brentford. Brighton’s Tariq Lamptey and Simon Adingra, Burnley’s Lyle Foster, and Chelsea’s Nickolas Jackson also join the parade. The list goes on, with players from Crystal Palace, Fulham, Liverpool, Luton, Manchester United, Nottingham Forest, Sheffield United, Tottenham, West Ham, and Wolves all answering their national teams’ calls??.

 

Spotlight on Mohamed Salah

The Egyptian Pharaoh, Mohamed Salah, currently the second leading FPL points scorer after Erling Haaland, is more than likely to join Egypt. His absence from Liverpool is expected to be filled by Diogo Jota and Gakpo, offering FPL managers a chance to redistribute funds to other key areas. Liverpool, being the second-highest goal scorers in the Premier League, still remains an attractive option for attacking positions??.

 

The Tottenham Puzzle

Tottenham faces a unique challenge with the loss of key players like Bissouma, Sarr, and the prolific Son Heung-min. This could leave Spurs vulnerable in midfield and affect their goal output. However, the expected return of Maddison could help mitigate the impact. FPL managers might consider switching Son to Saka or downgrading to players like Bowen, Palmer, Gordon, or Sterling to redistribute funds??.

 

Brentford’s Adjustment

Brentford loses Mbeumo and Wissa, with Mbeumo currently holding the 4th highest points tally among midfielders in FPL. Ivan Toney’s return from suspension could see him taking back the role of penalty taker. This could mean more playing time for players like Maupay, Shade, Damsgaard, and Lewis Potter. FPL managers might pivot to a differential like Doucoure or upgrade to safer picks like Maddison or Martinelli??.

 

Replacement Strategies

With the absence of players like Hwang Hee-chan, FPL managers might look towards alternatives like Neto, Cole Palmer, Anthony Gordon, or Doucoure. These replacements could offer viable options for maintaining a competitive edge in the fantasy realm??.

 

The Crystal Palace Conundrum

Jordan Ayew’s departure to join Ghana for AFCON will be felt at Crystal Palace. Known for winning free-kicks in dangerous areas and being a hard worker, his absence might reduce the appeal of Crystal Palace defenders like Joachim Andersen and Marc Guehi in the FPL context??.

 

Conclusion

As the Premier League’s finest depart for AFCON 2023, their absence will be felt both on the real pitch and in the virtual world of FPL. This presents a unique challenge for FPL managers to find suitable replacements and re-strategize. It’s a dance of tactical nous and quick thinking, a test of managerial mettle in the face of football’s ever-shifting landscape. Whether these stars return with medals or just memories, their journey in AFCON 2023 will surely add another thrilling chapter to the beautiful game’s rich tapestry.

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From Novice to Pro: Building a Profitable Sports Betting Strategy in Nigeria

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Navigating through the electrifying landscape of sports betting in Nigeria, the echo of football fandom reverberates powerfully, orchestrating the predominant betting activities. But amidst this prevailing melody, there exists a harmonious blend of alternative betting avenues, each weaving their own unique rhythms and potential windfalls. As enthusiasts engage in this multifaceted world, having a reliable and seamless transactional experience becomes pivotal. Enter the BetKing merchant code, a keyword synonymous with streamlined, user-friendly interactions on one of Nigeria’s foremost betting platforms. But while facilitating smooth transactions is integral, harnessing the vibrant opportunities available in diverse betting arenas stands as an indispensable counterpart.So, let’s embark on this enlightening journey, expanding horizons and unraveling strategies to navigate through the enticing, yet complex, tapestry of alternative betting options in Nigeria.

 

Betting Beyond Football: Exploring New Horizons in Sports Betting

 

With its pulsating energy and zealous fan following, football undoubtedly reigns supreme in the betting arenas across Nigeria. However, there’s a world beyond, waiting to be explored, where other sports and events unfold, each presenting distinctive betting landscapes. Every sport embeds unique opportunities and strategies for bettors, from the rapid dribbles in basketball courts to the striking force of a tennis racket and the swift turns of formula racing cars. Cricket, rugby, and basketball have their tournaments, players, and strategies, providing varied betting avenues. A proficient bettor learns to navigate these different sports, unearthing new opportunities, understanding various rules, and building diversified betting portfolios. The skills lie in understanding the nuances of other sports, discerning the potential impactful factors, and molding betting strategies accordingly, ensuring that the bettor can thrive beyond the borders of the football field.

 

Virtual and Casino Betting: Navigating Through the Digital Betting Sphere

 

In parallel to real-world sports betting, the digital realm unfurls a new dimension of betting experiences with Virtual and Casino betting. Virtual betting encapsulates computer-simulated sports events, ranging from virtual football leagues to virtual horse racing, where algorithms decide the outcome, and bettors place wagers on these predicted results. The allure of virtual betting lies in its continual availability, devoid of real-world seasonality, providing non-stop action for bettors. On the other hand, Casino betting ushers bettors into a world where traditional casino games like Poker, Roulette, and Blackjack become platforms for placing bets, testing both luck and strategy in a different gaming environment. Online casinos also present live dealer games, providing an immersive casino experience right at the fingertips of bettors. Navigating through virtual and casino betting demands an understanding of the underlying algorithms and strategies, alongside maintaining an astute sense of responsibility given the rapid pace and continuous availability of betting opportunities. Thus, diversifying into these domains opens up new vistas, embedding additional layers to the thrilling journey of sports betting.

Advanced Betting Strategies – Navigating with Expertise in the Betting Arena

The transition from a casual bettor to an astute, strategic one entails adopting and mastering advanced betting strategies devised with a meticulous understanding of the betting ecosystem. While the basic system provides a foundation, advancing in the betting world requires a deeper dive into more intricate and detail-oriented practices. This section will explore the nuances of such advanced strategies that can pave the way for more informed and potentially profitable betting experiences.

Utilizing Betting Tools and Software

In an age of technological advancement, betting tools and software have become indispensable assets for seasoned bettors. These tools, which range from odds comparison sites to automated betting bots, offer vital assistance in data analysis, strategy formulation, and decision-making. Utilizing software that tracks and analyzes historical data can unveil patterns and trends that are otherwise invisible to the naked eye. Moreover, employing tools that offer real-time updates on odds across various platforms ensures that bettors can seize the most lucrative opportunities.

Mastering Live/In-Play Betting

Live or in-play betting refers to placing bets while the event is ongoing. This form of betting demands quick thinking, real-time analysis, and a deep understanding of the sport. Strategies for live betting involve analyzing the game’s momentum, understanding team dynamics, and being adept at predicting potential game-changing moments. Making rapid, well-informed decisions when a key player is substituted, or an unexpected incident occurs is pivotal in live betting. Understanding the fluctuations in odds during live events and leveraging them to optimize betting outcomes is crucial.

Employing Hedging Strategies

Hedging involves placing bets on different outcomes to mitigate losses or ensure profits. This strategy is often deployed in accumulator bet scenarios or with high stakes. While it might seem counterintuitive to bet against oneself, mastering the art of hedging can safeguard a bettor’s bankroll, providing a safety net against unforeseen upsets in the betting journey. Knowing when and how to hedge requires a deep understanding of odds and potential outcomes. It can be a strategic move to stabilize and safeguard the betting endeavor when executed judiciously.

Navigating Through Specialty and Prop Bets

Specialty or proposition bets (prop bets) refer to wagers placed on specific events or occurrences within a game, which may not directly influence the outcome. This could involve betting on the first team to score, the number of yellow cards in a match, or a player to achieve a goal. Developing prop bets requires a nuanced understanding of the game, players, and scenarios. Developing strategies for such bets means immersing oneself in detailed research, understanding player stats, team dynamics, and historical trends, thus formulating informed bets rooted in concrete data.

Building and Managing a Betting Bankroll

Effective bankroll management is the linchpin of sustained betting success. It’s not merely about the bets themselves but managing funds to sustain a bettor through wins and losses. Employing strategies like the staking plan, where bets are placed based on a fixed percentage of the bankroll, ensures that the betting journey is not prematurely halted due to mismanaged funds. Seasoned bettors often have stringent bankroll management strategies, ensuring they bet within their means and safeguard their finances against potential losses.

 

Closing Note

 

Embarking on advanced strategies requires an amalgamation of knowledge, analytical prowess, and emotional control. The leap from fundamental betting to employing a progressive system is marked by a perpetual learning curve, where continuous analysis, learning from experiences, and adapting strategies play a pivotal role. Always remember that responsible betting should be the undercurrent of all strategies, ensuring that the thrill of betting does not overshadow the importance of ethical and financial prudence.

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Top 3 Best Football Players in Nigeria

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Nigeria has produced so many great players over the decades, but who is the standout footballer to ever come out of a football-crazed nation?

 

In this article, we take a look at the top 10 players in Nigerian football’s storied history.

 

Today, betting is becoming more and more popular. One of the most important criteria when choosing a bookmaker is the convenience of using a mobile application. Betking App has the same options as those on the main website. Users may sign up for the service, wager on any game mode, manage their accounts, contact customer support, and more through the platform.

 

  1. Steven Keshi

 

Steven Keshi is one of only two people to win the African Cup of Nations as a player and manager, the other being the Egyptian Mahmoud El-Gohari who won the tournament in 1994 as captain and in 2013 as manager of the Eagles.

 

Big Boss, as he was affectionately known, also captained Nigeria to its first US World Championship in 1994. He made 64 appearances for the Eagles, scoring 9 goals.

 

At club level, Keshi played for a number of Nigerian clubs, his longest tenure at the New Nigerian Bank and also spent a lot of time in Belgium, especially at Anderlecht, which he represented between 1987 and 1991.

 

In addition to leading Nigeria to an AFCON triumph in 2013, Keshi had other great managerial feats, the most notable being the selection of lowly Togo for their first World Cup in Germany in 2006.

 

  1. Jay Jay Okocha

 

With magical legs and unrivaled creativity, Austin JJ Okocha is probably the most naturally gifted footballer to ever play for Nigeria.

 

Okocha didn’t win as many titles and awards as his talents deserved, but he won the Nations Cup with the Eagles in 1994 and was part of the team that won the gold medal in Atlanta in 1996.

 

He came close on many other occasions as well, finishing second with the Eagles at the 2000 AFCON and then winning three consecutive AFCON Bronze medals in 2002, 2004 and 2006.

 

Okocha also did not have much luck with individual awards, as he never claimed the prestigious African Footballer of the Year award.

 

He played for Frankfurt in Germany in particular and for French team Paris Saint-Germain, joining the Parisians for an African record transfer fee after the 1998 World Cup, but it is for the unfashionable English team Bolton Wanderers that he may have had the greatest impact in Europe. .

 

With Okocha pulling the strings in the middle, Bolton became an established Premier League team and even reached the EFL Cup Final, which they lost to Middlesbrough.

 

Okocha may not have won as much as some of his contemporaries, but he will always be one of the most talented players to ever play this beautiful game.

 

  1. Nwankwo Kanu

 

Nwankwo Kanu is one of the most decorated players in Nigerian history.

 

The lanky forward had already captained the Nigerian national team and won worldwide glory at the 1993 Under-1993 World Youth Championship in Japan at 17, but he rose to new heights in 1996 when he inspired a dream team to win a football event at the 1996 Olympics in Atlanta.

 

Despite all his success at the junior level, Kanu, surprisingly, never claimed titles at the senior international level. The closest he came to this was a heartbreaking final with a runner-up finish at the 2000 African Cup of Nations co-hosted by Nigeria and Ghana.

 

He scored 12 goals in 86 matches for Nigeria.

 

What he lacked in trophies with the Super Eagles, he more than made up for at club level.

 

Kanu is one of the few Nigerians to have won a UEFA Champions League winner’s medal. He helped Ajax win the title in 1995 and also won the UEFA Cup in 1998 during his brief stint with Inter Milan.

 

Kanu earned trophies at Arsenal, winning two league titles and three FA Cups with the Gunners, and in 2008 he added another cup triumph with Portsmouth. famously scoring the winning goal in the final.

 

For all these feats, he was named African Footballer of the Year in 1996 and 1999.

 

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