godchildjayboy:
I have spend almost up to 40k to 60k in between of my savings on sport bet for the period of this year and I only won 19k once since then nothing. Thank God for opening my eyes because it was addiction to me. but I have stop playing it since last month. Its not encouraging at all. Thank you Seun for opening this on air.

akinalabi:


My brother. There is nothing to address. It is his opinion and if we go around addressing every single individual's opinion, we won't do anything with our lives.

Sports betting is for recreation. It's for entertainment. We have said that over and over again.

Mr A goes to the cinema to watch a movie for N1,000

Mr B goes to a beer parlour to drink beer for N1,000

Mr C goes to a NairaBET shop to bet with N1,000

Nobody comes back home with money. Infact, the sports betting guy can even come back with money.

Where is the fraud?

To most people that don't know how this works, let me explain.

100 people go to a betting shop and bet with N1,000 each. That is 100k.

98 of them lose their bets. One wins 50k. The other wins 45k. Out of the 5k remaining, the company pays a percentage to government as good causes and also company tax.

They pay salaries and they pay agents. They get to keep a cut as well.

It's crystal clear.

Seun:
Dear Nairalanders,

We are thinking of completely banning the promotion of forex trading and sports betting on Nairaland.

Forex day-trading and sports betting are fundamentally fraudulent because they're promoted as a quick way of making money whereas due to mathematical facts, the only people who make money are the middlemen and marketers. The "investors" almost always lose their money.

In our experience, it's not enough to warn Nairaland members about the dangers of forex day-trading and sports betting. The promise of quick profit is just too strong for thousands of vulnerable Nairaland members to resist. The only way to protect them is complete censorship.

We believe that the complete ban of such content will make Nairaland a better platform for discussing legitimate entrepreneurship and finance.

What do you think? Please click 'like' if you like the idea; thanks.

inplay:
can someone link me to the PFP thread? cc Pushkin, troot, akraym

CaptainKool15:



I think it has been removed..

clodd007:
think we are back here we started again

inplay:
why must it be removed, especially now that PFP has commenced.

cc seun. I beg u in the name of whatever God u serve, bring back the thread, u can do whatever u wish to do with it after the completion of PFP.

TVTKOKO:
Wat happened to the pfp thread na

otitokoroleti:
u wan chop 1milla?

Vikings007:
I said it. Some nuclear war has been going on behind the scenes.

bjhaid:
under maintainance

inplay:
nope baba....its been a while, where have u been?

bjhaid:
under maintainance

Vikings007:
I said it. Some nuclear war has been going on behind the scenes.

Vikings007:
I said it. Some nuclear war has been going on behind the scenes.

Gangster1ms:
Well.. when i was beginning to think his chicken brain has developed to a sensible human brain it turned out this nigga have no brain at all