Online sports betting is a massive deal in Nigeria. Whether you are in the office or on a bus, someone is checking out the latest football scores on his mobile phone or placing a new bet on his favorite betting site.
But how profitable is online sports betting?
The truth is that success is never guaranteed in sports betting or any form of gambling for that matter. Since the outcomes of sporting events are completely out of our control, a bettor’s fate is largely dependent on luck.
Having said that, there are certain tips and tricks that can improve the chances of having a successful betting adventure. We have listed some of them in this article.
Find a good betting site
This is usually the first step in the online sports betting journey. If you get it wrong from the start, your journey will most likely be a rocky one. A good betting site makes betting very easy for its users.
From registration to deposits; betting to withdrawals, the process must be smooth and plain sailing.
A good betting site must also accept our Naira and must be licensed by a trustworthy betting regulator in Nigeria. The two main regulatory bodies in the country are the National Lottery Regulatory Commission and the Lagos State Lotteries Board. If a betting site has a license from either or both of these organizations, such a site is legal and safe for Nigerian bettors.
There are quite a few candidates that fit this description, with the global heavyweights, betway being one of the very best.
Do plenty of research
While online sports betting is very dependent on good fortune, you can make your own luck from time to time. This is possible when you do plenty of research before placing your bets.
If you are going to bet on a football match, take some time to study the form and statistics of the teams involved. You should also do some research on the players that will feature in the match. This information is usually available on most betting sites in Nigeria.
When you have data such as recent form, head-to-head results, and team news, your chances of placing an accurate bet are enhanced.
Bet with money you can afford to lose
Like we said earlier, betting is very unpredictable and largely dependent on luck.
So, you must show plenty of discipline and restraint in how you spend money on sports betting.
No matter how certain you are about the outcome of that football match, there is always the probability of an upset.
Do not commit your school fees or house rent to sports betting in the false hope of doubling your money!
At all times, bet with money that you know that you can afford to lose!
Know when to stop
A very popular saying in online sports betting is that you should never go chasing after your losses.
Some players, out of desperation to recoup the money they have lost, keep betting and keep throwing away even more money.
When things are not going your way, the best thing is to take a break from betting.
You should always guard against gambling addiction. Not only does it affect your finances, it can also cause mental and emotional health illnesses.
Many top betting sites have responsible gambling sections that help users control their betting activities. On such sites, you can set a limit to your monthly betting expenditure. Once you reach this limit, you will be unable to bet on the site.
While the tips and tricks above can help you make money from sports betting, we reiterate that success in gambling is never guaranteed.