bellanaija.comFor Sadiq Abdullahi, the operator of a sports betting shop at Utako, Abuja, sports betting is all about preserving the sacredness of the contract between punters and the operators of the betting sites - paying the punter as instantaneously as she or he wins his or her stake on the basis of the ‘unbreakable’ guarantee ensconced in the predict-and-stake contract. Wager right, get paid Abdullahi would claim.
For Shina Phillips, a punter at Garki Area 10, Abuja, sports betting is much more about ‘conning’ the majority of the punters to ‘fleece’ them of their hard-won cash with the instrument of the enticing promises of a manifold wages for passion, as the bet9ja slogan would say, ingrained in a ‘deceit-based’ contract.
So is the case within Abuja, as it may be the case everywhere, Phillips preserves.
Either way, the online sweepstake called sports betting is all about cash - the punter dreams of winning millions of Naira, for example, a maximum of 50 million Naira dangled by bet9ja, the acclaimed marketplace leader, by staking only one, or a few, hundred Naira notes; the operator of the betting site, managing as a legal business enterprise, rakes into his bank account hundreds of millions of Naira seemingly in the stakes placed on the flawed forecasts of most of the punters at a given time.
Because it's a government- legalized business enterprise, it's also about cash for the authorities in the form of the percent of the sets made by the operators to be remitted in accordance with the provisions of the National Lottery Regulatory Act of 2005.
As at reporting time, the National Lottery Regulatory Commission established by the said Act of the National Assembly was still compiling a comprehensive list and pertinent records of the operators in the FCT "and so we cannot tell you comprehensively who and who are running here, how many are running here, and the absolute quantity of stores by which they manage," Magnus Ekechukwu, Head Media and Public Affairs of the commission, said.
"We happen to be mapping (compiling records of) the agents and subagents of the operators since April 2015, and we have been still motivating them to come forth and register their existence with the commission as required by the Act to enable us regulate and monitor their operations accordingly," Mr. Ekechukwu said additionally, warning, "we are on the brink of driving them to do so, because the deadline has expired since February 16, 2016."
Mr. Adolphus Joe Ekpe, the Director-General of the Commission, stressed: "we're giving all operators up to the next June to come for the essential mapping with us and many of them are reacting. On his own any sports betting operator that has not presented himself for mapping will be from July, because that will be the time when we shall begin full enforcement of regulation according to the Act.
We have previously reached an agreement with the EFCC that starting from that time any operator not enrolled with us will be accused of running an illegal fiscal business, ripping the citizens of their money off, and he will be picked by the EFCC up. We need to have a comprehensive record of them to empower us perform monitoring functions and our regulatory and fully enforce compliance with the Act.
The current scenario, allowing majority of the players, underscores the chance of serious default option with regards to the legally-required remittance to the Trust Fund and the fleecing of punters on the part of the operators in relation to the percent of sets required by the Act to be paid to them.
The Act stipulates that the operators of the online game of opportunity pay 50 percent in their sets to the players called punters, remit 20 percent to the Lottery Trust Fund meant for financing such development projects as may be directed by the President of the Federal Republic, while withholding the balance of 30 percent as their gain.
This Act provides for the establishment of the National Lottery Regulatory Commission charged with responsibility for the management of the business of the establishment of a National Lottery Trust Fund as well as national lottery in Nigeria and the operation of the national lottery.
It, consequently, empowers the commission to correctly regulate the operations of all lottery companies, which comprise sports betting business, and protects the interest of stockholders, players and the general public.
With the name of the game being Money, sports betting shops have rapidly proliferated, most noticeably in the past couple of years, across the nooks and crannies of the Federal Capital Territory and its satellite towns, with the passion of the distressed money-monger outside to crop as tremendous amount of money as he could from the giant ‘cash-yielding’ tree called Abuja, said to come next to the nation’s commercial capital, Lagos, with regards to the gains and other bundles achievable with such enterprises.
The cash is sourced from the ever- strengthening fire for football deeply rooted in the thoughts of the millions of the youthful football supporters flooding the FCT and its satellite towns who swarm the foreign leagues to be watched by TV viewing centres after staking and calling.
An amazing percent of these youth apparently rely on the sports betting sweepstake as a ‘veritable source’ of a huge ball of the cash they may have pursued from wherever they hail to Abuja or, at least, as a ‘veritable source’ of the pittance they need for simple sustenance.
As was the pools betting of old, which it replaces, for bulk of Abuja punters, however, sports betting is all about dependency.
"All games of chance are about dependency; the more you play them, the more you get addicted; and you play them out of compulsiveness minding not whether you'll win or lose, when you're addicted. If you win, you are joyful; if you lose, you are sad, but misery for loss will not restrict you from playing tomorrow," Mustapha Mohammed, a punter at Saharabet, maintains, monitoring, "I think this pathetic situation of the player establishes the strong basis on which the betting company thrives."
Sadiq Abdullahi said Abuja players should not be ungrateful for the operators: "The come, gamble, watch the football matches and if they win we instantaneously give their cash to them. Wagering means, the punter comes, tells us the teams she or he needs to gamble.
He does the he asks us to do it or betting himself. At the conclusion of the games you see your effect. We give you your ticket." if you win by the result confirming your bet about who wins between your pick teams
He said sports betting business flourishes in Abuja because, "the people’s love for football has bound so high now, partly because a substantial populace of the youth has little to occupy them, and instead of just viewing matches without getting anything, they resort to betting. I expect you will not be surprised to learn that even women come here to bet.
"I must confess that the company is moving," Abdullahi said, describing, "you win N3 million and can bet N100. The maximum we pay in bet9ja is N50 million. With a stake of N100 you are able to win up N49 million. With anything above N100 you are able to win N50 million."
He said the punters playing to hundreds on day-to-day basis in his shop run.
For David Jones, the luck for winning and getting paid that much in the game isn't as certain as Abdullahi painted it: "A punter yesterday in my presence wager seven times at N150 each stake before he could win N20, 000.00, and that's an especial chance. You can be playing for a long time without winning anything. Lots of people play just as they are used to it, but they do’t win anything."
Mohammed Aminu shared views with Jones: " I began gambling just two months past. I play just for the curious of it, but I 've never won a dime. I bet between N100 and N500, but I 've never won anything; you are able to see why I said I play because of interest."
Sports betting as detrimental to the economy of both the individual player and the nation were blown off by Shina Phillips.
It isn't developing the market of anybody or any country. It develops the market of only the operators," he said, admitting, "I started this past year, and I've been winning meager amounts of money but my maximum win so far is N7000. I stake between N200 and N500.
Because it is a waste of money I do’t support the youth to get addicted to it. I play as much as five times daily with the stakes I just told before winning anything. Enormous populations of the youth assemble morning to evening at the betting shops, but majority do’t win anything tangible, in fact they do’t win anything," Phillip said, preserving, "From the misfortunes of this majority, the operators make their hundreds of millions.
"So I would inform the youth rely on something less risky and to remove from betting he said. Noel Orerumba is the operator of a SureBet shop.
" I see sports betting as a panacea to societal ills. It reduces the rate of perpetrating crimes among the youth, who make up bulk of the criminals in the society. As an alternative to occupying their minds on carrying out unlawful activities, they come here play; some win, some lose; we pay those who win their money, which they use to offset their statements.
It's possible for you to see that they get cash without carrying out any unlawful activity like robbery or militancy. Someone would wager, say, at the end wins and N300, say, N5000.
"It is, in addition, an extremely reputable source of employment; a store operator like me can use four to five others among then teaming unemployed on the streets of Abuja to help the company runs," he said.
Nevertheless, just comprehensive records of the population and operations of these sweepstake sites, agents, subagents and store operators would facilitate their appropriate regulation and monitoring based on the law, for the good thing about the stakeholders - the operators of the business, the players, the stockholders and government represented by the National Lottery Trust Fund.
Sports betting business, Bet9ja, in line with its set doctrine of rewarding folks’s love, has again paid out an enormous bonus win of N36,702, 316.98 to another winner Nwakama Uzoma .
According to the CEO of KC Gaming Network, Ayo Ojuroye, " In line with our guarantee of consistently rewarding our customers’ passion, we only paid a huge winnings of N36,702,316.98 to one of our winners Nwakama Uzoma with Wager slip Number: B941AQPSTTZQE-21949.
"The winner used our on-line system by staking simply N500.00. I’m happy to notify you that the victor has been issued with his cheque. We'll continue to strive to serve our customers to the best of our abilities. We shall always operate in line with established terms and within the ambit of the regulatory agency."
Ojuroye affirmed that " Our business is anchored on trust, so we will continue to serve our customers better and larger."
Talking on his win, Nwakama said my life has changed once and for all. I did’t believe I could win and be paid instantly. Bet9ja really surprised me and I will consistently tell folks about their integrity."
bizwatchnigeria.ngKC Gaming Networks Limited is a business based in Nigeria and possesses the online betting portal Bet9ja.com (occasionally also mybet9ja.com). They are completely licensed and regulated in Nigeria and hold the permit where sports betting is permitted to operate in all states. Where they can be licensed by the Lagos State Lotteries Board their largest presence is in the state of Lagos. KC Gaming Networks draw upon the best practices from Europe and Africa.
Their technology center is based in Europe which ensures reliability and security of the systems as well as all customer trades. Their customer service operations are based in Lagos State, Nigeria to be sure the customer service is consistently top-class quality. They hope to create the standard for retail, mobile and online gaming in Nigeria.
The minimum withdrawal limit is the maximum is N9,999,999 and they're normally and N5000 processed within 24 hours. Deposits can be made through debit cards, bank Xpath or gather. Only Naira debit cards are accepted and these are eTranzact, Mastercard and Verve. The minimum deposit limitation is the maximum limit is NGN 1,000,000. and NGN 100 The maximum payout on sporting events is NGN 20,000,000. Bet9ja.com offers an unique bonus on multiple wagers by adding a 170% additional bonus to all winning wager slips with the absolute minimum of 5 selections.
The website offers a statistics page where players can see the latest data stand a much better chance of winning and so that you can place better bets. The results page enables player to see all the most recent results and the livescore page allows players to view immediate results from live games. They also have about ten different tutorials that users can view on the web site that describe the best way to use betting marketplace arrows to place a wager and how exactly to place bets, how to enroll, the way to make withdrawals, how to deposit with Zenith Instant Bank transfer.
Bet9ja.com offers a substantial list of sports available to bet on which include soccer, tennis, basketball, motor sports, horse racing, American football, baseball, handball, rugby, ice hockey, cycling, golf, Australian sports, badminton, beach volleyball, pesapallo and snooker. In addition they offer live gambling where players can bet on matches from all over the world as they're occurring. Stake types contain over/under, first team to score, winner, first team to score, winning margin, greatest goalscorer, odd/even, correct score, podium, goal difference and winning team.
The casino offers table games, scratch cards, slots, draws and numbers. Table games contain Punto Banco, European Roulette, Red Dog, Classic Blackjack and Mahjong. Scratch cards comprise Jewels of Anubis, The Big Match, Manga Beach, Pirate Instant and Mystery Mansion. In the draws and numbers games can be found by section players like Toto Keno, Lucky Dice, Wild West HiLo, Jacks or Better 100, Dr Jekyll’s Keno and Cards HiLo.
Bet9ja.com are bet9ja.com looking for representatives and players who'd like to open a franchise. Players can register to be a partner and open a franchise online. Some of the benefits of opening a franchise are that all customer and hazard losses are paid by Bet9ja, set-up support for hardware is supplied and fee rates depending on dollar volume.
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The best way to fund your account that is bet9ja
There are 4 easy ways through which to fund your Bet9ja account. The minimal amount that can be deposited through each process is the maximum sum is N9,999,999. and N100
1. Debit or aTM Card:
By using your ATM or debit card it's possible for you to fund your account with Bet9ja,. Simply obtain the deposit section of the Bet9ja website and click the Cards link. Afterward, enter the amount you want to finance, the essential details and continue to Make Payment". Select your payment choice and choose send. It is not that difficult.
2. UBA Immediate Bank Transfer:
Accounts can be financed by transferring cash at any UBA Bank in Nigeria. Request the teller to deposit the money to KC Gambling Networks using Bank Collect and the Bet9ja account number which is listed on their site. Provide your Bet9ja User ID which is provided on the top right hand corner of the web site when a player is logged in. The payment will be then confirmed by the teller and the account that is Bet9ja will instantly be credited totally free. Always keep the receipt as proof of payment.
3. Deposit Through GT Bank:
Their Bet9ja account can be funded by those with accounts at GT Bank through GT Bank internet banking. Simply log into the GT Bank official website and access your internet banking section. A list of merchants will seem once you select Payments that are " ". Select "Bet9ja" from this list. Next, enter your unique User ID and the amount continue and you wish to fund. Once payment was made, the account will immediately be credited totally free.
4. Zenith Bank Direct Transfers:
Go to any Zenith Bank in Nigeria as a way to fund your account that is Bet9ja. Tell the teller that you wish to deposit cash to KC Gambling Networks using XPath. Make sure that you've got your User ID that is unique at hand, which is found on the top right-hand corner of the Bet9ja site when an user is logged into their account. A couple of security questions may be asked by the teller . Once the payment has been made, the Bet9ja account will instantly be credited cost-free and the customer should always keep the bank receipt.
All you must do to qualify is enter the exact promotion code Bet9ja requires.
While creating an account paste bet9ja promotion code,: SPORTMAX
Get as much as a 100% bonus centered on your first deposit. With this exclusive promotion code Bet9ja gives you the chance to to grow your bankroll, and they'll up the bonus sum in accordance with the amount of your deposit.
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Bet9ja is a Nigeria based online sports betting and casino web site. They've a secure and safe platform for on-line betting, optimized for the Nigerian market. They’ve got the best of both, with specialized expertise and domestic customer care coming from Europe. They offer odds on odds on other parts of the world and major occasions in Europe. In addition to the everyday value of sports betting at Bet9ja, you may also receive a bonus on multiple bets when you input the Bet9ja promotion code: SPORTMAX. Read on to hear more about that particular promotion you will be rewarded by code Bet9ja for, and the way to put it to work for you making money.
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To qualify with this offer and receive a bonus up make sure you use only the promotion code Bet9ja has approved. It’s so easy to get, simply continue with this review and you're going to get all the relevant advice. You may learn how you can use your Bet9ja promotion code to get this bonus, as well as get suggestions on other offers and gaming markets.
Enter Your Promotion Code that is Bet9ja:
All you will need to do is read these simple directions to be sure you use the promotion code and follow the right process Bet9ja requests. The procedure is simple and fast, so you’ll be ready to appreciate the benefits of your in no time. Have your promotion code that is Bet9ja: SPORTMAX prepared so you are able to enter it. You must be a resident of Nigeria to make withdrawals and to open an account.
Directions:
Visit the home page that is Bet9ja. Click on the reddish Register link at the very top right-hand side of the screen.
Make sure that SPORTMAX is entered into the Bet9ja Promotion Code field, and submit your form.
Fill out the enrollment form as instructed.
With this promotion code Bet9ja gives you benefits that are excellent. Recall to use promotion code that is Bet9ja: SPORTMAX to receive your bonus.
Just how the promotion code bonus that is Bet9ja works is pretty easy.
When using this promotion code Bet9ja gives you, the following conditions apply:
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venturesafrica.comJA-Staff-Left-Presenting-The-Cash-Prize-To-Mr.-Okorn.jpg" style="max-width:450px;float:right;padding:10px 0px 10px 10px;border:0px;">SPORTMAX – this is the signal for the bookmaker that you want to recieve the bonus while enrolling remember to use a promotion code that is bet9ja.
Make a deposit.
The deposit sum needs to be 100,000 and between 100 Naira.
The bonus will be 100% of the deposit sum.
blogspot.co.ukIf 2,500 Naira, you is deposited by you will get 2,500 Naira extra.
To get the cash you have to wager the sum for bonus and deposit 5 times.
Just then you will be able to draw the bonus.
Remember to simply bet on bets with odds higher than 1.79 (1.80 and more).