Earlyface

With this jet moving internet age, it is no surprise that online sport betting has become the order of the day in Nigeria. Bet 9ja,  nairabet.com,  betcolony.com, 1960bet, are just a few of the hundreds of betting websites that have exploited the average Nigerian’s love for sport and the average person’s crave for money.
Customers of betting firms are either cash or online customers. Cash customers pay through agents while online customers pay directly to the betting firms with their own cards. The easiest key to understanding how sports betting works is getting a sense of what your stake is worth on a given match. This is known as odds. The odds are a mathematical likelihood of victory, draw or defeat for a given team, as figured by the bookmakers.
Bookmakers are the ones who offer the odds, take bets and handle payouts for sports investors. Reading the odds consists of evaluating the likelihood of a given outcome and choosing to put money down accordingly.
Simply put, a strong team like Barcelona FC has a high probability of winning the Spanish La liga.
As a result of this, the winnings if you bet on such a team will not be high. But a bet on Sunderland winning a game against Chelsea in the English Premier League is an odd bet and will attract huge returns if it clicks. So, the greater the risk, the more money you’re likely to win.
You don’t have to merely play winners or losers, however. You can bet on total goals scored, points scored, margins of victory, individual player statistics or best of set marks, ranging from as low N100 to hundreds of thousands of naira.
Looking at this on the face value, it looks like a modern game. But the shocking  realisation is that despite the technological innovation, online betting has a lot more in common with other forms of lottery like Pool staking, Jackpot, Try Your Luck  and every other kind of gambling. It thrives on greed and luck.   So while a lucky player might win hundreds of thousands of naira in a single play, an unlucky one might lose all his life savings in another.
Addiction to gambling has derailed many youths and triggered vices such as borrowing, stealing and the likes. Sometimes fights that lead to loss of life usually break out in the process.
In the other hand, investments are usually well thought out, planned and procedural. They also usually require skill and hard work. But for the gambler, every bet is a game, and if he doesn’t learn when to walk away, he never will.