Well, be as it may, Nigerians have taken solace in sports betting. It’s now a new normal in Nigeria to see young people, especially, on the streets and queues struggling their way to place their bets on the five top leagues in world football.
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The English Premier League, Spanish Primera La Liga, Italian Serie A, German Bundesliga and the French league. Other minor leagues are also not excluded. In short, Nigerian youths have seen sport betting as another way to make put food on their table.
Why do many Nigerian youths engage in Sports betting? Here are the reasons why.
1. Unemployment: The high rate of unemployment in Nigeria has been responsible for the wild spread of sports betting in Nigeria. With so many youths pouring their money into it to get returns on investment. It is a two-way thing; others may have lost out, but a lot of them have made huge cash. And it has put food on the tables of many as well.
2. Influence: Sports betting is pervasive such that it is viewed in Nigerian society as ‘normal thing – ‘almost everybody around you is involved and this serve as a ready influence.
3. Love of Sports: The love of sports by many Nigerian youths is also the reasons behind sports betting. Nigerians are sports lovers.
4. More engagement in sports: Besides the money, a lot of people make from sports betting, it has also polished their participation in sports, in that they keep close tabs on games that they have staked on.
5. Economic Condition: The financial status has given way to why many Nigerian youths engage in sports betting. The environment is not safe for businesses. Some don’t even have such enough huge capital to start up. They rather go for sports betting- that they don’t have to spend much on it.
6. It is a Pot of Gold: Access to fast, risk-free cash is one of the reasons many people engage in sports betting. It is stress-free, and direct access to money. Greed also comes into play. It could be tagged as a ‘business’ that you invest in as little as N50 to win as much as any amount if the predictions are correct. Who wouldn’t be enticed with such bait?
Do you agree with Us? – Kindly Join the Conversation and Let us know from your point of View why you think Nigerian youths engage in Sports Betting?
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