The advent of sports betting has been described as a blessing to the Nigerian economy and a great panacea to depression that often led to suicide cases among the Nigerian youths.
This was revealed by a major subscriber and big agent to the popular bet company Adedeji Olayiwola popularly known as Basket who has more than 20 branches of Bet9ja shops scattered around Ibadan metropolis and Bagavill Sport Café where youths converge to play various games.
Basket who has more than 150 staffs working to earn living trough the betting business says you will realize a lot of the youths who either might have been committing crime have been taken out of the streets via the advent of sports betting.
“Sports betting has been a great relieve to the economy of the country because it has provided job and business opportunities to many Nigerian youths not to talk of being a source of hope to wagers
“Now with 100 naira you have hoped that something better can happen. I have seen a lot people who come here to collect cheques seven million, nine million, even 20 million naira and much more than that with bets of 200 naira. So it is giving people hope which in a way wards off depression that could lead to suicide.
“Also for the fact that when they win, they get the money instantly no matter how much or big is the winning still stimulates them to bet regularly, and if I may tell you that diverse of people are involved in sports betting which includes Pastors and Alfas, they used to send games to us via third party”, Adedeji noted
It would be noted that, according to a report by News Agency of Nigeria (NAN), roughly 60 million Nigerians between the ages of 18 and 40 are involved in active sports betting. Almost N2 billion is spent on sports betting daily in Nigeria, which translates to nearly N730 billion in a year.
“I think that first and foremost, this country has been receptive of the benefits that technology can afford us. Like we all know, betting has been in existence in advanced countries for many years and we also are trying to emulate what’s happening in the other parts of the world”, Basket added.