With real bets, I can bank on Messi and Ronaldo saving the day. You lose your money in five minutes and then start scrambling to win it back. He prefers to take his chances on these teams than play virtual games. Unlike bets on real sports events, virtual sports are fast-paced and draw people in.
Matches may take two hours to conclude in real-time, but you can play over virtual games within the same time-frame. In the end, it is still early days and we can expect that despite the sceptical view towards virtual games, if sporting events remain suspended, it will test the resolve of punters. But beyond the punters, online bet companies, despite the industry size, will feel the effect. The sector will continue to grow, driven by the rapid spread of mobile phones. Mobile penetration has driven online betting, although lotteries remain popular in Nigeria.
There are at least 20 players in the online betting industry driving adoption in states like Lagos, Anambra and Ogun. All players are concerned about the effects of the global pandemic in the short term, but Ifedotun sees it as an early summer break. Also, there are some sports going on, just not the major leagues.
If coronavirus is contained and sporting activities resume in the summer, it would mean that the effects would be minimal. The danger will be if the pandemic lasts longer than three months, especially as many of the players in the sector were blindsided by the crisis. But in the meantime, it puts online betting companies and their customers at an interesting counterpoint.
While the aphorism is that you can never beat the house, punters want online bet companies to power their virtual sports with algorithms that feel beatable. Ayo and Dare grew up in Ibadan, Nigeria. One day, many years later, Dare pays his older brother a visit, they get talking about Dare finding love and somehow that blossoms into a startup that is helping Africans find love. The Olatoye Brothers are the co-founders of the matchmaking app Trueflutter. It is possible to over-analyse decisions and attempt to decrypt rhyme and reason where there is none.
Film buffs are guilty as well: I lost my voice defending Taraji P. With her graduation a month away, Seun decided it was the best time to order a new dress. She had heard stories of delivery disappointments and figured that a month was more than enough time for her dress to get to her. Because the internet is destined to evolve continuously, there is an urgent need to educate people on the benefits of staying safe online.
Today is the Safer Internet Day— a globally […]. The Nigerian online betting industry in the time of coronavirus. A phrase like: "I love Nigeria, but I will rather bet my money on a team that is more likely to win" , is common. For punters and bookmakers, historical data and analysis is key. A simplified version of this is, "If Chelsea has been beating Watford every time they meet at Stamford Bridge, then it is more likely that they'll beat them again.
Likewise, if Argentina has always beaten Nigeria, what are the odds that Nigeria will win this time? Less than a decade ago, there was no easy way for football enthusiasts to put their money where their mouth was — bet. Dogged fans interested in betting would have to go on European betting sites like Bet and Betway. But, this came with a complicated payment and account verification process. Thereby, creating a gap for local bookmaking companies to fill.
At the same time, major European betting sites like Betway having seen the trend opened a. Although, there are now local bookmakers, bettors still place some of their bets on international sites, their reason? Unlike many Nigerian bookmakers, international bettors have more cash-out checkpoints in a game. For instance, if a bettor predicts a win for the away team and that team is leading by two to three goals at half-time, the bettor is allowed to cash-out in full i.
We reckon this might be a loss for the house, but it is a small price to pay to acquiren and retain customers bettors, in this case. Given the low rate of internet penetration at the time they launched, Bet9ja and its ilk utilised an aggressive offline strategy - agents with shops. They created a network of agents by selling franchises to interested parties. As it stands, Bet9ja. The case of Leo from part 1 is not uncommon across Nigeria today.
During the on-season from August to May, a minimum of 60 people come into my franchise daily. The lower figure of 40 gamblers corresponds with my count 35 punters at a Bet9ja store on Isaac-john street, Ikeja last month. Assuming there can be no other Bet9ja shop within 10 minutes of walking distance that is, 1km , we can infer that in Lagos with an area of km 2 , there can be up to about 3, Bet9ja shops shared across twenty LGAs that is, shops per LGA.
We understand that in reality there will not be this many shops because of several issues like the sparse population of some LGAs which makes the demand for multiple betting shops lower. For those places, it would make more sense to have a shop within 30 minutes of walking distance.
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