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How to make money from online sports betting

Online sports betting has become very prevalent in Nigeria, especially amongst the country’s younger population.

Nigeria has one of the largest gambling markets in sub-Saharan Africa, with over 60 million people between the ages of 18 and 40 said to be actively involved in sports betting as at 2019. People bet for different reasons. Ideally, betting should be for fun and recreation, but that is not always the case in Nigeria. Majority of Nigerian putters view betting as a means of making more money. They bet with a very unhealthy desperation to become millionaires. Unfortunately, betting doesn’t quite work that way.

Many people end up losing more money than they win. This is not to say that betting cannot be profitable. If you want to make money from sports betting, the first thing you must do is to get your mindset right. Do not go hunting for money when you bet. Instead, adopt a more relaxed approach and view sports betting mainly as a recreational activity. 

Understand that making money from sports betting is not entirely under your control. The outcomes of sporting events are heavily dependent on luck. By doing this, you will be able to think more clearly and make more rational decisions. You should only bet with money you can afford to lose while you mustn’t go chasing after your losses.

It’s also advisable to have a betting budget and set a betting limit. Once you have exhausted your budget, win or lose, you should stop.

Many bookmakers have responsible gambling sections that allow users to control the amount of money they spend on sports betting. Another thing that boosts your chances of making money from online sports betting is research. Spend time to study the players or the teams involved, go through previous results and stats; and see if you can pick up any trends. 

Is the team prolific at goal-scoring? Are they a very defensive team? Are they on a winning or losing streak? If you can find answers to questions like these, you will be in a better position to make a prediction.

While this does not 100% guarantee profits from online betting, it does boost your chances of winning from your bets and earning some profit. One other way of making money from online betting is by taking advantage of bonuses and promotions on the bookmaker. Some betting sites in Nigeria like 1xBet offer very generous bonuses and free bets, giving you the chance to earn extra cash from the betting adventure. 

On a final note, you can also use predictions and tips from tipsters with a good track record of success. This does not mean you will win all the time, but you are at least giving yourself a good chance.  In the end, the most important trick to making money from online sports betting is the mindset of the bettor.. As long as you are in control of what you are doing, and not going gung-ho in your desperation to make money, you should do just fine.

Even if you are not making tons of money, you are at least not getting reckless with your betting expenditure. 

 

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Written by nigeriahow

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