If you are a Nigerian and you want to learn how to bet on sports and how to be good at sports betting, this article will help you.
Sports betting is a popular pastime in Nigeria. And when we say “popular,” we mean it.
Many people in Nigeria enjoy sports betting so much that they spend a lot of money on it each year.
It’s not only entertaining but there’s also the chance to win money.
Why do many Nigerians bet on sports?
It’s difficult to know for certain without polling every single sports bettor in Nigeria.
After considering everything we know about sports betting in Nigeria, it ultimately comes down to two main reasons.
- The first reason is that sports are extremely popular in Nigeria.
Of course, not everyone enjoys sports, but there are a LOT of Nigerians who do. Betting on the sports they enjoy watching is a natural progression for many of them.
- The second major reason is that sports betting is very simple.
You can start placing bets with little background knowledge and still have a chance to win money, especially if you bet on sports that you truly understand.
How to bet on sports in Nigeria
There are only five steps to take before you can enjoy the thrills and excitement that sports betting has to offer Nigerians.
- Know the different types of bets
- Understand odds and learn how to calculate payouts
- Choose which sports to bet on
- Learn how to make selections and place bets
- Decide where to bet
1. Know the different types of bets
Do you understand the difference between a money line wager and a point spread wager? Or the difference between a prop bet and a totals bet? Have you heard of futures? What about parlay betting? Do you understand the difference between teasers and pleasers?
Most beginners in Nigeria will say no to all of these questions if they are completely honest.
Most novices in Nigeria are unaware that there are so many different types of bets that can be placed on sporting events.
Betting sites in Nigeria usually provide a wide variety of betting options. Some are very simple, while others are slightly more complicated.
2. Understand the odds and learn how to calculate payouts
Odds are an important part of any sports bet in Nigeria. They tell you how much you stand to win concerning your stake, as well as how likely any given outcome is to occur.
Most Nigerians understand that high odds indicate that something is unlikely to occur, whereas low odds indicate that something is most likely to occur.
However, there is more to odds than that. For example, odds can be expressed in a variety of ways. They assist us in determining whether a wager is a good value or not. When betting on sports, a thorough understanding of odds is required, as is the ability to calculate potential payouts.
3. Choose which sports to bet on
This step is extremely simple.
It does not need extensive thought, as it’s advisable for beginners in Nigeria to start by focusing on sports in which they are familiar.
4. Learn how to make selections and place bets
Now comes the really practical advice.
This fourth step entails learning how to make choices and place bets.
This isn’t a particularly difficult procedure, but it can be intimidating for newcomers in Nigeria.
Some sports betting sites in Nigeria have a straightforward method to place bets on their sites.
5. Decide where to bet
This fifth and final step is most likely the most crucial.
Depending on where you live, you may have several betting options.
Almost every town and city in Nigeria, for example, has at least two or three betting shops.
Just walk into any betting shop around and place your bet.
How to be good at sports betting
- Understand basic math
- Think long term
- Focus on one sport
- Use your head
- Don’t go for the big score
1. Understand basic math
If you’ve ever said, “I’m not a math guy, but…”, you probably shouldn’t be a gambler either.
While many gamblers in Nigeria succeed by betting on instinct and ‘feel,’ to be successful long term, you need a viable staking plan and an understanding of what the odds represent in terms of probability.
In a nutshell, it’s a numbers game that requires a basic understanding of division and multiplication.
2. Think long term
If you take your betting seriously, you must think about the long term.
Build your betting bankroll, gradually increasing the amount you bet on each game, and you’ll soon find yourself making some decent side money, and maybe, just maybe, if you stick with it long enough, you’ll be able to make a living wage out of it.
3. Focus on one sport
Invest in what you know. This is true for sports betting.
If you’re new to sports betting in Nigeria, it’s best to stick to the sport you’re most familiar with.
Based on your prior knowledge of how the game is played, you’ll already be ahead in terms of the methods you’ll need to gain an advantage over the bookmakers.
You’ll already be aware of how to evaluate players and teams, as well as where to find information about the sport. This is critical for identifying the best bets in Nigeria.
4. Use your head
Many sports bettors in Nigeria started betting because they were huge sports fans. As a result, they were most likely loyal to one or more teams.
Refrain from betting on any event involving your favorite team (or teams).
Loyalty can cloud your judgment, so we advise you to be rational when betting on sports in Nigeria.
5. Don’t go for the big score
Know when to do multiple bets and when not to. Sure, they promise a big score, but unless you’ve done your research and found true value, they’re a terrible way to bet.
However, if you have discovered true value, then multiple’s can be extremely valuable as you multiply the value into each leg.
Every Nigerian who adds a leg to a multiple is doing so because they believe they are getting a good deal.
Nobody bets on odds that aren’t worth their time.
Becoming a successful sports bettor in Nigeria takes time.
As you gain more in-depth knowledge and comfort in the world of sports betting, you will begin to see a more significant ROI.
Keep in mind that you should never become a gambler. Everyone has bad days when it comes to sports betting, but betting responsibly and sticking to a plan will help you stay successful.
Discipline is essential for maintaining your cool, having fun, and being successful.