online football betting in nigeria conflict

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The Patriots already have been eliminated from the NFL playoff picture for the first time since bettingexpert soccer news They need wins over the Bills and in Week 17 over the suddenly-hot Jets to avoid their first losing season since going inBill Belichick's first season as coach. Kickoff is set for p. Buffalo is a 7. Patriots odds from William Hill Sportsbook, while the over-under for total points scored is

Online football betting in nigeria conflict barstool sports online betting

Online football betting in nigeria conflict

According to the National Bureau of Statistics, Betting may appear to be a way to make quick money, either as a betting operator or as a gambler. The second factor driving and enabling football betting in Nigeria is the growing use of the internet and smart mobile phones. The number of internet users in Nigeria is million based on figures from the Nigerian Communication Commission. It is easy and convenient for people to place bets online using their phones.

Read more: Why smartphone gambling is on the up among African millennials. I was interested in the potential consequences of this situation for Nigerian society and particularly for young people. I wanted to know whether the ease of online betting for economically hard-pressed young Nigerians was creating any social problems such as conflict, crime and addictive behaviour.

For my study , I collected data from in-depth interviews with fans of European football clubs, betters, parents and guardians of fans and betters, security personnel, owners and operators of betting outlets as well as football viewing centres in Lagos, Ibadan, Oyo State, south west Nigeria and Yola, Adamawa State, north east Nigeria. In addition, I observed betting activities and collected data from recent online news reports and other published works.

From the various interviews conducted and my observation, I found there was a link between football betting by young Nigerians and a perceived increase in violence and criminal activities. But in my view the answer is not to ban such betting but to address the unemployment and poverty which propel people into it.

My interviews and observations in the field show that there is a concern about teenagers stealing to fund their football betting. A parent interviewed in Adamawa State explained that:. I noticed that money was getting lost in our house on daily basis. At first I thought it was mere misplacement. Later I started to hear from my neighbours also complaining of loss of money within their homes.

We later got to know that our sons were the ones stealing the money to play football betting because we always see them with receipts of bet and we know that they do not have business from where they can get money for betting. But the jackpot rarely comes. At football viewing centres, customers are routinely warned about fighting. One operator of a viewing centre in Yola told me:. In recent times, we have witnessed outbreaks of violence among our viewers.

In Nigeria, politically exposed persons appear to be the main target of money laundering charges. Diezani Alison-Madueke, to compromise the general elections. Indeed, the Nigerian Money Laundering Act is very much in operation though there have not been a reported case particularly related to sports betting. Generally, sports betting involve punters predicting the outcome of matches and getting their bets to correspond with the stakes.

If the predictions are correct, the bets are rewarded with stipulated winning. Sports betting can be described as the activity of predicting results in sports, and placing a wager on the outcome. It is a form of gambling that entails placing a wager on the outcome of a sporting event.

The primary intent of sports betting is to win additional money. The business of sports betting in Nigeria is thriving. Accordingly, more Nigerian betting sites are appearing on the internet with many of them also having physical offices across the country. Few years ago, gambling was generally abhorred. But today, over 60 million Nigerians between the ages of 18 and 40 spend as much as N1.

Sports betting recorded its first entry into the Nigerian market in when Nairabet first established its sports betting website and introduced Nigerians into how they should not only enjoy watching European League football matches but also make money out it. Sports betting online have become very easy because there are so many internet users in Nigeria today. There is no doubt that many Nigerians have a fanatic love for European football leagues which make it possible for the betting companies to take advantage of an already hungry market.

This is why, even though most Nigerians go into betting for the monetary rewards, a sizeable number of punters bet just for the fun and excitement that goes with it. The realization of a holistic legal framework for online sports betting in Nigeria is at the early and formative stages of growth as such, online sports betting is regulated at the State level with the issuance of licenses to multiple operators with each betting sites defining their own rules and regulations.

National Lottery Act, is the law regulating general lottery business in Nigeria. Section 57 of the Act defined 'Lottery' as " any game, scheme, arrangement, system, plan, promotional competition or device for the distribution of prizes by lot or chance or as a result of the exercise of skill and chance or based on the outcome or sporting event The National Lottery Regulatory Commission regulates any and all lotteries or betting relating to sports.

Consequently, the Governing Board of the Commission at the meeting held on the 11th March , approved and directed for the immediate implementation of the Sports Lottery Betting Category and its applicable Terms and Conditions in line with Section 57 of the Act. The Commission further stated that any company presently carrying out any form of sports lottery Betting activity in Nigeria was invited to regularize its operations with the Commission in the interest of the growth of the lottery industry in Nigeria.

The Commission also invited all prospective sports lottery betting operators intending to carry out any form of Sports lottery activity in Nigeria, to submit application s for the processing and issuance of a Sports Lottery Permit SLP to enable them operate the business of sports lottery on a national platform. Furthermore, any company operating any form of sports lottery betting in Nigeria without SLP is doing so illegally and will be subject to such penalties as contained in the National Lottery Act.

The world over, organized crime syndicates are utilizing the sports betting market to launder money gained through the proceeds of criminal activities. Betting shops remain one of the safest places to gamble and consequently receives millions of naira; as such this business may become interesting to money launders. Money obtained from illegal sources may use it to place a wager and if they win, the money comes back to the owner, legal.

Money launders may have an agreement with a sport betting company to deliberately lose a bet and the betting company would retain the money used in placing the wager at an agreed commission. To avoid suspicion, the sport betting company would hold unto the monies used in placing the bet and spend it through proxies in accordance with the directions of the money launders. In the same vein, upon fixing a sport event, a money launderer may divide his illegally obtained money among many people to place a wager.

The proceeds from such wager come back to the launderer undetected. What makes it easy for sports betting to be used as a means of money laundering especially under Nigeria's unregulated regime is the fact that all transactions in an online betting is unaccounted for. The punters cannot be traced for verification. Furthermore, a person may launder money through a sport betting operator because it is difficult for financial institutions and law enforcement agencies to determine whether the money transferred to the bank account of a sport betting operator is for payment of winnings on genuine bets or not.

The online sports betting operations are in essence the functional equivalent of wholly unregulated offshore banks. The punters are in the virtual world, virtually anonymous. For these reason, online sports betting operation are vulnerable to be used by money launderers. The principal Act in Nigeria which prohibits money laundering and related activities did not envisage money laundering in the sports betting industry, and thereby did not make any provision in that regard.

This has indeed created a lacuna. If nothing is done, money launders will see sports betting industry as a convenient way to launder money. It can however be minimized if the following actions are taken:. There is no gainsaying the fact that sports' betting is a business which has come to stay In Nigeria. It therefore behooves the regulators to provide an enabling environment to ensure that money launders do not take the advantage of the unregulated sports betting industry.

Measures should be put in place to reduce the possibility of money launders using sports betting to legalize their illegitimate wealth. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

All Rights Reserved. Password Passwords are Case Sensitive. Forgot your password? Free, unlimited access to more than half a million articles one-article limit removed from the diverse perspectives of 5, leading law, accountancy and advisory firms. We need this to enable us to match you with other users from the same organisation, it is also part of the information that we share to our content providers "Contributors" who contribute Content for free for your use.

Learn More Accept. Government, Public Sector. Your LinkedIn Connections with the authors. To print this article, all you need is to be registered or login on Mondaq. Nigerian cases on money laundering In Nigeria, politically exposed persons appear to be the main target of money laundering charges. What is Sports Betting? What are the Laws on Sports Betting in Nigeria? How can Money Laundering be prevented in Sports Betting?

It can however be minimized if the following actions are taken: The Money Laundering Prohibition Act, should be amended to include prohibition of money laundering in sports betting. There should be a provision as to the particular amount a person can wager for a particular sport, and if any wager is in excess of that sum, the sport betting operator must report same to the Commission.

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Which Team Wins the Rest of the Match? Odds Odds. Any 1. Date Calendar. Athletic Bilbao. Levante UD. More Bets. Wolverhampton FC. AS Saint-Etienne. Angers SCO. Stade Rennais FC. SE Palmeiras. Tigres UANL. Maccabi Netanya FC. Beitar Jeru FC. Ethnikos Achnas. Karmiotissa FC. Enosis Paralimni. Slovan Liberec. Viktoria Ziz. RFK Akhmat Grozny. Tom Tomsk. Western Sydney Wanderers FC. Brisbane Roar FC. Ascoli Calcio FC. Enppi Club.

Ittihad Nabarouh. Wadi Degla. National Bank of Egypt SC. Gaz Metan Medias. PAS Giannina. FC Inter Milan. Roma Yth. Rosenborg BK. Lig, Group 3. Osmaniyespor FK. Arhavi Spor. Lig, Group 1. Belediye Derincespor. Lig, Group 2. Cengelkoy Futbol Yatirimlari As. Mardin Fosfat Spor.

Icel Idmanyurdu Spor. Isparta 32 Spor. Kemerspor Nevsehir Belediye Spor. Ofspor AS. Artvin Hopaspor. Sile Yildizspor. Kagera Sugar. Gwambina Fc. Muang Thong Utd. KF Dukagjini. KF 2 Korriku. Prachuap FC. Tiszafured Vse. Zalaegerszeg TE. Ghazl El Mahallah. Ceramica Cleopatra. Load more Loading more. Open Bets Settled Bets. Single Bets Multi Bets. Select All. There are conflicting matches in your betslip, please revise. Total Pot. Return N. Bet Amount.

Potential Return. Win Boost. Limits may be applicable on your winnings. A minimum bet of N Bet Now. Betslip is currently empty. Event Started. Continue Confirm Cancel. Confirm Bet. You can easily identify a good bonus offer based on the following attributes:. While some Nigerian punters agree with the attributes we talked about earlier and base their choices on all of them, others tend to settle for any bonus that meets one of the criteria highlighted above.

This complicates the task of picking the best betting pages. To circumvent the situation, we utilized in this betting guide the following factors to reach a decision on which platforms are the best:. Though markets are expected to be the same across betting platforms, they are not. This is not typical on nigerian betting markets but a general thing.

Some sportsbooks offer odds on obscure markets while others are more laidback in their offering. Football Betting of course is most popular so we put the focus on this market. The best betting pages have all of the markets in certain sports, so your preferences are adequately catered for. Bookmakers differ in the odds offered for selections in the markets available. Bookmakers provide bonuses mostly via a bonus code to punters to keep things interesting.

The welcome bonus, accumulator bonus, free bet, and others are some of the offerings from betting portals. Yet, how helpful these bonuses will be to you depends on the bookmaker involved. We arrived at the best betting portals based on our comparison of their bonus offering. Wagering on an on-going sporting event has become a thing.

If your live bet wins, your winnings are made available immediately. However, betting pages differ in the markets accessible in live betting. You should only place a live bet on a betting portal that has a wide array of markets with odds that increase with every passing second. Based on this factor, we have compared sportsbook platforms and found some betting pages more flexible in their offerings compared to others.

While many betting platforms have built websites that are compatible with mobile devices, some have limited the features available. This can pose a problem when you have to use such sportsbooks. Our list of the best betting sites takes the layout and mobile platform of these entities into consideration. No one wants to wait days before their winnings are disbursed.

The minimum deposit is always listed in our reviews. The deposit timeline is currently shorter due to the emergence of payment gateways. Yet, funding betting accounts on weekends can be difficult as some of the payment channels are limited to business days. With hackers on the prowl, every sportsbook should have some level of security. Betting accounts have been known to hold massive sums, so there should be a secure barrier against unauthorized access to such.

Beyond the security features found on a betting site, you have to consider its reputation. While many betting portals in Nigeria are just entering the market, they can still be assessed based on the general reputation. We considered both the security and reputation of betting portals before arriving at our list of the outstanding ones. Considering how time conscious certain bets can be, the best sportsbooks have different means through which you can communicate with their staff such as chats, emails, messages, and phone calls.

With the growing number of betting portals, knowing which ones are trustworthy can be difficult. The ideal approach towards identifying the genuine bookmakers will be to confirm they have the license to operate in Nigeria. Fortunately, the sportsbooks that are featured on bettingsites. You can tell a suspicious betting site by its lack of a license. The reviews of previous users can help you to identify the betting platforms to avoid.

Nigerian punters are known to make their grievances regarding a sportsbook felt through social media platforms. You can take a look at the social media accounts of these betting sites to have a feel of what Nigerian punters are saying about them. To help you to exploit different sportsbooks to your advantage, here are some valuable tips from our betting guide to utilize:.

Nigerian punters take betting markets for granted. If you know the grey areas of a betting market, you can make the right kind of bet that takes into consideration your stake and the potential return. Betting remains a form of gambling, and it can be just as addictive.

To exploit the possibilities on betting sites , you need to don your suit of self-restraint. Stake what you can afford to lose and never bet just for the sake of it. To win at betting, having a strategy is non-negotiable. Just like you need a plan to excel at anything, a betting strategy gives you an edge over the punter without one.

Never opt for the scatter-gun approach as such increases the risk involved. Surprisingly, these bets do fail despite how small the odds are. Avoid such bets. Instead, try to look out for selections that are reasonable with decent odds. Of course, there are legal betting sites in Nigeria. On meeting the criteria set by the National Lottery Regulatory Commission, the betting companies are provided with a permit to operate in Nigeria.

This depends on the betting site involved. For some, you will need to enter the bonus code when registering your betting account. Others just require you to deposit your money and get the welcome bonus. Yes, there are terms and conditions attached to the use of betting sites in Nigeria.

Our top betting sites in nigeria from the list above are all specialized in football betting. You can choose each of them. Esports has become more and more popular in the last years. We recommend betway if you want to try out esports betting. The minimum deposit at online sportsbooks is mostly around N It is important to compare the sportsbooks for finding the best bonus offer for you. Now, you have options. However, with the betting pages comparison and sports betting guide handled by bettingsites.

What could be better than that? Start betting on sports today! Latest Betting Tips S. Monza vs A. Pisa February February Seria B. Grab Bonus. As a result, this guide has been created to provide readers with a detailed look at the different areas involved with sports betting, including markets, usability, mobile betting, live-streaming and customer support, among other factors. As well as this, our in-depth FAQ section will quickly answer some of the most commonly asked questions when it comes to placing bets online.

Having read our guide, you will have a much clearer picture of the market, as well as the major players within it, allowing you to make key decisions regarding your individual sports betting strategies. Betting Site. International Sportsbook Competitive odds Excellent in-play markets. Incredibly wide offer No transaction fees whatsoever Beautiful design. Incredibly wide offer No transaction fees whatsoever Beautiful design Betwinner Review.

Good selection of betting markets Competitive odds The site is mobile compatible. Huge number of available matches Customer-oriented philosophy A large number of bonuses. Accepts Naira as a form of currency Very High odds Excellent in-play and streaming. Betting tailored for Africans Amazing no-deposit bonus offer Odds are some of the most lucrative in the business.

Betting tailored for Africans Amazing no-deposit bonus offer Odds are some of the most lucrative in the business Wazobet Review. Betting exchange Easy-to-use website Very good mobile betting. Betting exchange Easy-to-use website Very good mobile betting Betfair Review. Huge number of football markets Generous welcome bonus Live streaming opportunities.

Huge number of football markets Generous welcome bonus Live streaming opportunities Bet Review.

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The second factor driving and enabling football betting in Nigeria is the growing use of the internet and smart mobile phones. The number of internet users in Nigeria is million based on figures from the Nigerian Communication Commission. It is easy and convenient for people to place bets online using their phones. Read more: Why smartphone gambling is on the up among African millennials.

I was interested in the potential consequences of this situation for Nigerian society and particularly for young people. I wanted to know whether the ease of online betting for economically hard-pressed young Nigerians was creating any social problems such as conflict, crime and addictive behaviour. For my study , I collected data from in-depth interviews with fans of European football clubs, betters, parents and guardians of fans and betters, security personnel, owners and operators of betting outlets as well as football viewing centres in Lagos, Ibadan, Oyo State, south west Nigeria and Yola, Adamawa State, north east Nigeria.

In addition, I observed betting activities and collected data from recent online news reports and other published works. From the various interviews conducted and my observation, I found there was a link between football betting by young Nigerians and a perceived increase in violence and criminal activities.

But in my view the answer is not to ban such betting but to address the unemployment and poverty which propel people into it. My interviews and observations in the field show that there is a concern about teenagers stealing to fund their football betting. A parent interviewed in Adamawa State explained that:. I noticed that money was getting lost in our house on daily basis. At first I thought it was mere misplacement. Later I started to hear from my neighbours also complaining of loss of money within their homes.

We later got to know that our sons were the ones stealing the money to play football betting because we always see them with receipts of bet and we know that they do not have business from where they can get money for betting. But the jackpot rarely comes. At football viewing centres, customers are routinely warned about fighting. One operator of a viewing centre in Yola told me:. In recent times, we have witnessed outbreaks of violence among our viewers.

Some of these fights are over unresolved longstanding issues. Sometimes, it is as a result of anger sustained from major loss in football betting. The agency also investigates systems and practices of public bodies where it facilitates fraud and advice public bodies of practices in their systems for the purpose of reducing incidence of corruption and other related offences.

The Regulations provides that financial institution shall adopt policies to show its commitment against Anti-Money Laundering and prevent transactions which aid criminal activities and money laundering. The financial institution shall put in place internal records to deter criminals from using its facilities for money laundering.

Financial institutions shall conduct due diligence on all business relationship and obtain information of the purpose and nature of business of their potential customers. Financial institution shall take reasonable steps to know the beneficial owner of an account. In Nigeria, politically exposed persons appear to be the main target of money laundering charges. Diezani Alison-Madueke, to compromise the general elections.

Indeed, the Nigerian Money Laundering Act is very much in operation though there have not been a reported case particularly related to sports betting. Generally, sports betting involve punters predicting the outcome of matches and getting their bets to correspond with the stakes. If the predictions are correct, the bets are rewarded with stipulated winning. Sports betting can be described as the activity of predicting results in sports, and placing a wager on the outcome.

It is a form of gambling that entails placing a wager on the outcome of a sporting event. The primary intent of sports betting is to win additional money. The business of sports betting in Nigeria is thriving. Accordingly, more Nigerian betting sites are appearing on the internet with many of them also having physical offices across the country.

Few years ago, gambling was generally abhorred. But today, over 60 million Nigerians between the ages of 18 and 40 spend as much as N1. Sports betting recorded its first entry into the Nigerian market in when Nairabet first established its sports betting website and introduced Nigerians into how they should not only enjoy watching European League football matches but also make money out it. Sports betting online have become very easy because there are so many internet users in Nigeria today.

There is no doubt that many Nigerians have a fanatic love for European football leagues which make it possible for the betting companies to take advantage of an already hungry market. This is why, even though most Nigerians go into betting for the monetary rewards, a sizeable number of punters bet just for the fun and excitement that goes with it. The realization of a holistic legal framework for online sports betting in Nigeria is at the early and formative stages of growth as such, online sports betting is regulated at the State level with the issuance of licenses to multiple operators with each betting sites defining their own rules and regulations.

National Lottery Act, is the law regulating general lottery business in Nigeria. Section 57 of the Act defined 'Lottery' as " any game, scheme, arrangement, system, plan, promotional competition or device for the distribution of prizes by lot or chance or as a result of the exercise of skill and chance or based on the outcome or sporting event The National Lottery Regulatory Commission regulates any and all lotteries or betting relating to sports.

Consequently, the Governing Board of the Commission at the meeting held on the 11th March , approved and directed for the immediate implementation of the Sports Lottery Betting Category and its applicable Terms and Conditions in line with Section 57 of the Act. The Commission further stated that any company presently carrying out any form of sports lottery Betting activity in Nigeria was invited to regularize its operations with the Commission in the interest of the growth of the lottery industry in Nigeria.

The Commission also invited all prospective sports lottery betting operators intending to carry out any form of Sports lottery activity in Nigeria, to submit application s for the processing and issuance of a Sports Lottery Permit SLP to enable them operate the business of sports lottery on a national platform.

Furthermore, any company operating any form of sports lottery betting in Nigeria without SLP is doing so illegally and will be subject to such penalties as contained in the National Lottery Act. The world over, organized crime syndicates are utilizing the sports betting market to launder money gained through the proceeds of criminal activities. Betting shops remain one of the safest places to gamble and consequently receives millions of naira; as such this business may become interesting to money launders.

Money obtained from illegal sources may use it to place a wager and if they win, the money comes back to the owner, legal. Money launders may have an agreement with a sport betting company to deliberately lose a bet and the betting company would retain the money used in placing the wager at an agreed commission.

To avoid suspicion, the sport betting company would hold unto the monies used in placing the bet and spend it through proxies in accordance with the directions of the money launders. In the same vein, upon fixing a sport event, a money launderer may divide his illegally obtained money among many people to place a wager.

The proceeds from such wager come back to the launderer undetected. What makes it easy for sports betting to be used as a means of money laundering especially under Nigeria's unregulated regime is the fact that all transactions in an online betting is unaccounted for. The punters cannot be traced for verification. Furthermore, a person may launder money through a sport betting operator because it is difficult for financial institutions and law enforcement agencies to determine whether the money transferred to the bank account of a sport betting operator is for payment of winnings on genuine bets or not.

The online sports betting operations are in essence the functional equivalent of wholly unregulated offshore banks. The punters are in the virtual world, virtually anonymous. For these reason, online sports betting operation are vulnerable to be used by money launderers. The principal Act in Nigeria which prohibits money laundering and related activities did not envisage money laundering in the sports betting industry, and thereby did not make any provision in that regard. This has indeed created a lacuna.

If nothing is done, money launders will see sports betting industry as a convenient way to launder money. It can however be minimized if the following actions are taken:. There is no gainsaying the fact that sports' betting is a business which has come to stay In Nigeria. It therefore behooves the regulators to provide an enabling environment to ensure that money launders do not take the advantage of the unregulated sports betting industry. Measures should be put in place to reduce the possibility of money launders using sports betting to legalize their illegitimate wealth.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. All Rights Reserved. Password Passwords are Case Sensitive. Forgot your password? Free, unlimited access to more than half a million articles one-article limit removed from the diverse perspectives of 5, leading law, accountancy and advisory firms.

We need this to enable us to match you with other users from the same organisation, it is also part of the information that we share to our content providers "Contributors" who contribute Content for free for your use.

Learn More Accept. Government, Public Sector. Your LinkedIn Connections with the authors. To print this article, all you need is to be registered or login on Mondaq. Nigerian cases on money laundering In Nigeria, politically exposed persons appear to be the main target of money laundering charges.

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How to NEVER LOSE to soccer bets AGAIN - Arbitrages

Then, the ultimate thrill of betting on your favourite football. They have sufficient quality of statistics and up-to-date results on of these sports. It is hardly to comprise MelBet with whole group of in betting on football, because it should be segmented in 2 parts: comparing with worldwide sport. The line for soccer is are also existing, as well. Therefore, we guarantee safe transactions developed-for-Android and it seem to be created an iOS-version either the attention of a punters. It just the same as. From football betting to basketball. Traditionally, it accomplished by casino-section, fast-games based on slots and some special outcome are existing. We offer a huge variety of gambling - NairaBET. Next one is local giant.

In Nigeria, football betting has a long history that can be traced to colonial They can also open an account online with a betting company, using a young Nigerians was creating any social problems such as conflict, crime. Set up in , Nigerian online betting site BetKing sprung a new surprise on the sporting world on 5 December when it announced it was to. Consumers now have easy access to online sports betting services even in remote areas. Countries like Nigeria, Kenya, Ghana, Uganda, Senegal, the fragile and conflict-affected countries, to access financial services.