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    How To Set Up Sports Betting Business In Nigeria

    The betting industry is a multi-billion dollar industry. Betting has existed in different forms in Nigeria for as long as I can remember. However, sports betting went mainstream about five years ago and now, there are betting shops on virtually every popular street you visit.
    Tales of mega million Naira wins have further fulled the betting frenzy, but here’s the secret to cashing in: regardless of whether the punter wins or loses, the betting shop always wins. This is one of the reasons why sports-betting business has become akin to a gold mine in Nigeria.
    In this post, I would like to examine how to set up a sports betting shop. In writing this article, I spoke to a young friend (let’s call him Dan) who was a cashier at a Bet9ja shop before gaining admission to the University. He was happy enough to share some valuable information with me, so I will be referring to his suggestions as this piece goes on.
    How do betting shops operate?
    Betting shops are the interface between the sports and a punter. The punter bets on the said sport with hopes of correctly predicting the outcome. The betting house is then obliged to pay the punter a set amount should the predictions be accurate. The betting house earns its keep from the higher probability of the number of failed predictions within the set period.

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