₦airaland Forum

Make una sha continue .

Una don forget say before nairabet and SportyBet there was pool . All those baba have been playing pool since 80's , 90's staking possible draws across various leagues in England and Australia . Few of them too made a fortune off it through luck while others ended up in penury.

My advice for any young or old person that's not yet into sports betting but intend to go into it is to back out. It's not as glamorous as u see people describing it that " Ekiti won 80m with 300k twice in 3 days " , " Banks won $400k with $6k stake " , etc .

Use ur money do other profitable things . The less said about the mental tension that comes with "near win syndrome " in betting, the better .

airmark:
Just like telling AJ, 'Ija o dola, oruko lo nso ni'.

Brighton owner no be onitete?

Dey play.

Those people have businesses they do other than gambling . They are not majorly known for gambling

Iamoyindamola u asked about IBD Dende customs case yesterday .

Nigeria police has suddenly declared Fisayo Soyombo who broke the news wanted .

U see Nigeria ehn.... make I no talk

https://www.nairaland.com/8045521/police-declare-fisayo-soyombo-wanted

Sportsweb:
Dem OGs of this thread are funny.

I saw them confusing odd with ancient ways of betting. They are like those putting odds are not stupid, they made it impossible to win LMAO.

Each stakes has it odd base on what bookies feels will happen.

This weekend: Man City vs Arsenal

Burnley vs Chelsea

Man United vs Wolves

Bayern Munich vs Frankfurt

Real Madrid vs ATM

A Gambler can stake all these matches in one ticket with different options. He can stake

Arsenal vs Man City to produce 1.5 goals,

Chelsea vs Burnley to produce 8.5 corner kicks


Real Madrid vs ATM to produce 3.5 yellow card.

There are so many things to bet on.

I know it's not easy to win, but OGs are thinking it's so impossible to win and make profit.

I don win mayor's game almost 4 times and lost about 30+ times but still in profit.

Bold of u to think most people here don't understand how the odd system works .

Sports betting is 90% luck and 10% about how good u are at predicting . U can bet over 8.5 corners and the two teams will manage to play 3 corners for 90 minutes .

U can see Athletico Madrid vs Man city and bet over 3.5 bookings thinking man city will be slide-tackling city and no single player will get a yellow card.

Nobody is saying it's not impossible to win bets and make profit on a short run, but in the long run it will end in tears . That's the reason bookies are still in business .


There was a particular bookie bigibet that came with a new market around 2020 or so. The market is 1HT- No or 2-HT No. It simply means home team will not be leading at half time or away team will not be leading at half time . I can simply look at Argentina vs Brazil copa America final and predict with much confidence that Brazil will not be leading Argentina by half time cos that's more likely to happen

The market was just so easy to predict and people showed them shege with back to back winnings. Within few months they became popular they were down and out.

All these SportyBet , 1xbet and the likes are not foolish to allow only markets on which u rely heavily on luck to win .

Itsrm:
There's not much value to be gotten from M&A. If you add up from UBA downwards, I doubt it's up to 500bn. That's barely enough for two tier 1 banks.

Why do I have a feeling this 500bn will be reviewed downwards.

The bigger banks will buy the smaller ones and then raise more capital through right issue.

The smaller banks will either get swallowed or die off . While the big banks will get bigger and stronger .

Na the new banks like Premium Trust bank , Providus bank , sun trust etc I pity their investors/shareholders pass

Itsrm:
Where are these banks in the bottom half going to start from

They have the options of merger & acquisition.

Staff of those companies should be on the lookout for opportunities to jump ship before everything cast. Although they have 2 years window to meet the minimum capital requirement sha .

But the pressure will be much on business development people o. In fact, everybody for bank go turn business developer as matter take dey now

IxBet:
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We have hundreds of thousands of clients and pay out winnings. But there are situations when players try to cheat using schemes prohibited by the rules of the bookmaker, such situations are checked separately and if the player really cheated, then measures are taken. Read the rules and play honestly for your own pleasure.

Our task is to provide the most convenient platform for relaxation, games and excitement.

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1xbet team

U wrote 4 paragraphs that ended up not address the particular case he referenced to. How can u accept a bet and later turn back to claim u accepted the bet in error ?

Isn't fraudulent that u close down the person's account when the initial "error " was from your end ? How is that transparency ? Is that how to do a legal business ?

raumdeuter:
I believe that and can make that statement as well but recently I am starting to see that some things are not just ordinary they are ingrained in some people

E.g some people have addiction personalities and are prone to get addicted to certain things

All of us don smoke drink watch porn, bet at some point in our lives and moved on but some people will just turn it into full time profession and get addicted
To the extent that they start acting like their lives depend on it. Any small change they get they go spend on the addiction because it releases dopamine into their system and make them feel good for that time

Some of these addictions might just be as a result of chemical or biological composition of different people

Shebi you will hear of epl players earning 200k a week yet a gambling addict. Is it to make more money or what

Some people need help and cannot be left to their devices else they destroy totally

But I also understand that Nigeria has many more pressing demands than to care for people like this so na the family go figure that out

The bold is the koko. Nigeria has a myriad of challenges and nobody will bat an eyelid if an adult chose to gamble away his income. The fact that the two major religions frown at betting/gambling ; even some cultures like Yoruba culture also frown at it is enough warning to anybody na.

U know Yoruba have sayings like " Oni tete ma pada te ni " ( a gambler will end up in shame/penury)

swiz123:
Juju punter on twitter wins way more than he loses. He mostly play single or 2 game bets and has more than 80% win rate. He only stakes on Betano.

For him to be making profit, he will need to be staking really high and by doing so he's exposing himself to more risk sef .

Anyways most people who bet hardly follow that model

iamoyindamola:
Holy land they Saudi
Islam was originated in Saudi
Where these useless terrorist countries get their own from sef
If na lestine or kistan countries they are torture this lady, rape and still stone her to death
Then they will behead and mutilate her body

U sure say na Saudi this lady dey stay and not western country ?

iamoyindamola:
Blueraydick do you still use those accounts which of them have EPL plan?
If not I will just sub over the weekend

The one I'm using the EPL plan don finish

iamoyindamola:
I will get it soon to see
We have quality bakeries here that's why I didn't bother hustling for it
But I am now curious to know why people are rushing it

This is exactly why it doesn't make sense to me seeing people joining long queue just to buy the bread. I have many good bakeries who sell different kind of bread that I can buy with ease. I just no understand why people dey queue for booku at all;maybe it's the hype sha or societal pressure

iamoyindamola:
Bout time
He was the main suspect because the gibberish he was uttering no add up

Wait does that mean oba japa leave him people

According to the man in the later part of the video, he's just a king on paper. He hasn't even set up his traditional council yet, it appears his own people are even fighting against his kingship .

So I don't think he's in the kingdom as at the time of the incident .

Itsrm:
I went through the last 25 or so stakes that mrbanks posted on his telegram group on stake.com. He won only one which was 2 odds.

There's no way on earth that guys bets those things he posts and stays in profit. Contrary to popular belief here, one win will not wipe the losses he would have accumulated.

I don't think he has quite told us how he actually makes money. It's certainly not from the betslips he posts.

That's why I always smile knowingly when I see people post " Ekitipikin has won another 50m, his winnings cancel out his losses. ..:. "

Sports Betting is something I've played very well in the hey days of nairabet, 1960bet, surebet , merrybet and dem Bet Colony . Sports betting na just pure luck no matter how good a punter u may claim to be . U are always at the mercy of different factors that will decide the eventual outcome of the event u bet on(since u are not participating in the event urself physically)

U will win some and lose some but there are higher chances that u will lose more. People actually lose more than they win ; that's why betting companies are still in existence .

Anybody that wants to make a living out of betting will only end in penury . Some of those celebrity punters have gigs they do on the side that fetches them money which they stake with . That's why anybody who stakes and wins big is not advised to start looking for how to win another big money before the money runs out; instead he should set something up first for himself before any other thing

N

Roland17:
Which is different from what is obtainable here and something that can be mirrored in Nigeria. Betting companies set limits on how much you can wager on a prop and that invariably affects to a reasonable extent, how much you can cash out. How and why is anyone allowed to wager millions in Nigeria?

If that is what obtains over there , I doubt Naija will adopt it o. Naija bookies and the regulators all want to make money .

They will tell u that since they already put betting is for 18 and above , then it's assumed u are an adult and u know what u want to do with ur money .

Theflint1:
Bokku bread is rubbish, it barely stays longer than a day, and it feels too sugary in the mouth. Their prices on general commodities are crazy though, like I wonder how they manage to sell their stuffs as cheaply as they do...their prices are on the average at least 10% cheaper than their closest competing price.

I've not even tried the bread before cos I don't think I will go through the kind hassle people go through just to buy one loaf of bread .

I also noticed their prices for other items make much sense and I noticed their founder is kinda selling idea of not selling goods with polythyne bags like they do abroad . I guess it's to encourage people come with their bags and discourage polluting the environment with polythyne bags that don't decay

Roland17:
Actually, there are limits (amount varies) and the betting industry is heavily monitored/ regulated by the government. Betting companies report unusual bets/ props and investigations are swift. Infact, there is a case being investigated currently that involves an NBA player.

https://www.cbssports.com/nba/news/jontay-porter-gambling-investigation-explained-what-we-know-as-nba-looks-into-prop-bet-irregularities/

Betting industry is also regulated by the National lottery regulatory commission in Nigeria .

And what I'm saying is that different betting companies have maximum amount u can win on their platforms; but no betting company will stop u from placing any amount u so desire. It is the odds u accumulate and the maximum Payout limit that will determine the maximum amount u can stake .

Iamoyindamola that Nigerian army wanted list go far o . They included the king's name in the wanted list .

https://www.instagram.com/reel/C5EUnQoAFuk/?igsh=MWUweGZkNjZpYWh3aQ==

raumdeuter:
There is a major setup to impoverish the common people through this unregulated betting

For Naija now, na betting and churches dey sell pass

Na the people wan impoverish themselves jare . I don't think there's any rule in the western world that places a limit on how much an individual can stake ( correct me if I'm wrong ).

It's the people that should give themselves brain na

raumdeuter:
Driver is a luxury most people won't use because they prefer to flex their car themselves but domestic staff plenty die, in those villages and towns families will even drop their kids with you for free as long as they get fed and educated just to live with you from church mosque and community. In those places paying 10k for housemaid is even considered wastage.

Drivers are only for retirees in those type of towns

Driver is a luxury whether in a village or in a city . If ur pocket is not deeper than ur contemporary irrespective of whether u like to drive or not.

swiz123:
That is how they queued to apply pressure on Bokku bread when it was sold 950. Bokku had to start selling on two breads to each person but they were not dettered. They will take all their children and extended to the queue just to sell the same bread 1200 at their shops.

Bokku were only trying to save their business from those scavengers by trying to deal directly with the actual consumers.

I don't even understand the hype about the booku bread sef .

One of their stores was recently opened close to me and I thought it to be a normal supermarkets where u can quickly get groceries . I entered only to discover a large queue of people waiting to pay for a single loaf of bread 🤦‍♂️

Like I wonder if they will be making much sales on other groceries cos almost everybody was there just to buy bread . I just vex commot there cos everywhere was just stuffy .

I feel it will make more sense if they have a pay point dedicated to those who just want to buy bread and another pay point for other shoppers sha cos it appears the only time u will shop in peace there is if they don't have bread .

raumdeuter:
Those remote places have College of Education, Polytechnic etc some of the lecturers there earn that much in salary

There is a college of education in Ikere Ekiti, In Azare, how much do you think they earn as lecturers there. There are FG Unity schools in places like Ikirun, Ipetumodu, New Bussa, okigwe, all these places have banks too

And u think the lecturers in Ikere Ekiti who earn 200k have drivers they pay out of their 200k salary ?

I served in a Ubity school in the north and some level 16 officers who own cars no get driver . The only person that had driver was the principal who was a level 17 officer whose driver and domestic staff were being provided by the federal government .

In this present Naija , u can never pay a driver and maid out of 200k gross family income . Lai Lai !

raumdeuter:
What you spend on fuel depends on how much you use the car, the distance you drive to work in 1 day is what some people drive in 1 week and some in 2 weeks
Some towns the motorable roads in the entire town can be driven in less than 1 hr. So his fuel expense can't be as much as yours

The FAAN guy can make more than that because of opportunities but some people in similar jobs don't have such opportunities. Or won't take such opportunities maybe due to fear of prosecution or religious beliefs

Do you believe there are teachers in Lagos who earn 40K per month? Bachelors degree. and drivers who earn 30k a month? So what do you think these people will earn outside big cities

Underpayment for Labor is very common in Nigeria especially in the interior states. 200k in some places will make you a king. Nigeria is big and vast. Think of the village or town you did NYSC and how much they earn on average in those places. While some olosho dey collect 200k for overnight in Lagos, in some places na 2k for the same

This is a Lagos advert offering 30K for teachers
https://www.nairaland.com/7993682/primary-secondary-teachers-urgently-needed

Teachers who earn 40k per month have other sources of income like private lessons, tutorials and engaging in petty trading. I know this because I interact with some of them.

See u are just creating an unrealistic scenario and running with it. In other states where they earn lesser than that, people engage in farming and other activities that fetch them extra cash .

This is not a discussion centered around underpayment for labor, but rather a discussion on whether 200k will afford u the luxury of being able to pay driver, maid and live comfortably. 200k will not do that for u in present day Nigeria, I say this as someone who live in Nigeria with fair idea of the cost of living right here in naija currently.

There's no how u will do the maths, it won't jive

[quote author=enigma0 post=129151957][/quote]Maybe na ur area sha

GloriousGbola:
Legacy ShopRite was selling 5alive at a price lower than retailers, to the point that retailers started buying from shoprite to resell. It got so bad they reduced the amount of 5alive taht could be bought by one customer.

Nigeria is a weird place.

People literally take truck to ShopRite to buy drinks for a whole wedding party because their drinks are cheaper; as in cheaper than even buying from some drink depot and u don't worry about returning bottles

They are not serious.

If they are serious, they should go to Adeniji bus stop ontop the bridge as we speak , they will pack more than 50 buses this afternoon right on the spot. U will see those rickety buses loading Ikorodu, Mowe-Ibafo , Berger etc .

The market women load the buses' boot full with their wares while passengers are huddled together on the seats. While u are driving on third mainland bridge u will see them posing serious danger to other road users simply cos they can't even drive at the required speed on a highway

Spy360:
Look at it in terms of the mind games rather than the willingness to participate. Saka pulling out was clearly mind game. Same as Stones.

Issokay. Make all this fake injuries no go turn real inside the match for both teams o.

Make both team players no go suffer injuries in the match leaving the league open for Loserpool to carry cos I no just understand why the two teams and media are building tension around the match

enigma0:
That’s why you don’t understand the point I&swiz was referencing about,. Cost of production and other factored including the ripple effects of inflation had been factored. No be today pure water factory dey pack 16 for bag , that nah since last 3 months or more..
Those retailers are just damn greedy…just like larride said even supermarkets and malls sells for wåy low prices

I've explained it over and over again that supermarket can actually afford to sell cheaper than retailers cos the number of entity involved in the channel of distribution between manufacturer & supermarket is lesser.

Well I don't know about pure water factories packing 16 into bags sha

raumdeuter:
Look around Nairaland in the job section, see how much people are calling salary
Post a advert for driver and offer 15k per month see how many applications you will get

See an example this post here



And that might even be before some yeye taxes. This here is averaging less than 30K per month

If u read two more pages of the thread u quoted, u will see other posters explaining that the N384k per annum quoted by the guy is just on paper and a far cry from what the staff of FAAN actually take home at the end of the year.

That being said, the logic just doesn't work that a person who has to buy at least N50k fuel in his car, pay maid, pay driver and other domestic staff will do that on N200k salary anywhere in this country. The money will never be enough to do all of that.

Maybe if the person is a pastor who gets handouts from his members sha o or if he is a civil servant who makes other income from undisclosed sources then I can agree

raumdeuter:
People have cars all over. That 60K per year some even pay less

We are talking of cars , as in private cars not korope for hustle o.

Like u own a car , pay ur driver 35k, pay ur maid 25k and live in a house where u pay 60k annually .

So how much will they feed on for a month ?

raumdeuter:
All areas in Ibadan are not the same. There are areas in Ibadan where rent can be 4m per yr sef and some that 60K you go chase them for months

As we speak now I am chatting with someone who runs a private school in an outskirt of Lagos

Driver earns 30K, Graduate teacher 35K, Maid 20K per month. So all the salary for driver and maid is 50K

So how much will they fuel the car the driver will be driving ? How much will they stock the house the maid will be keeping ?

And will someone who has a car be living in an area where they pay 60k as annual rent ?

We are going somewhere

Itsrm:
That was my first thought as well. This is the problem most politicians have as well. They are always isolated from reality.

That's why they share nonsense palliatives & conditional cash transfer that doesn't amount to anything and they are always proud about it .