₦airaland Forum

iamloyalty:
U didn't get my point. One doesn't need a degree to be successful in life. Yes my bro business is doing far better than ours who are educated. Hard WORK, DETERMINATION, PRESERVERANCE, GOD are the key ingredients to success.
Gud nite &Sweet dreams.

If you point is that one does not need a degree to be successful, I get it and I totally agree with it.

You're the one who probably did not get my own point which is 'pursuing a degree' gives you a better shot at success than being uneducated because school isn't all about getting a 'degree.'

By the way, if that your brother and and the other educated ones are not in the same business line, you don't need to compare.

akinalabi:
I am ready to pay for the transportation and hotel.

Our office address is 22, Isaac Aluko Olokun street, Igbo Efon, off Lekki Epe expressway.

Better still, he can google NairaBET HQ.

He can provide me with a date and I will book a plane ticket for him.

Thanks.

Awesome gesture Mr Akinalabi.

Somadila, kindly invite your cousin to benefit from this and settle this once and for all. Painting an innocent bookie bad isn't good enough.

tojahh:
Yes you're right but what about the Agent commission of 5%? You fund 500k and you get 25k on commission and you fund another account 500k and get 25k on commission then use both account to play UNDER and OVER yes one will loss and one will win and you add your 50k you got on bonuses to it my brother its a WIN WIN for you the punter.

This is business I tell you.

Do the calculation with ANY two way market on NairaBet and include the 5% commission as part of winnings, let's see if you'll make profit.

Your post is theoretical, solve practically let's see.

iamloyalty:
My dear u dont need a degree to achieve success, most graduate are even finding it more difficult by the day. My brother who never went to school but have different skills is the most successful in my family.

Maybe you didn't get my point.

A 'degree' isn't the only thing you get in school.
How about the invaluable interpersonal, time management, communication, social skills etc that are associated with being in school?

By the way, nothing guarantees success but some things you do will make you more likely to achieve success. It is no coincidence that more than 80% of the world's 100richest men hold a degree or have pursued a degree at some point in their lives.

Check that your brother's business and compare it with the educated ones who are in the same line of business and come back to tell me who is doing better if it is your brother or if it his educated peers.

akinalabi:
You guys don't understand what is happening.

The agent, the punter, the person that referred the other. . . Everybody na the same. Na clique.

So we have returned the money.

They know.

However, if for any reason the complainant is not satisfied with the judgement, they are free to come to our office or engage the appropriate authorities.

I won't allow comments to bully me into submission.

I come online to engage customers (how many people do this) does not mean I will lie on the floor to get walked on.

Thanks.

Well, Mr Akinalabi

I know I may not be in the position to get details of transaction however, I believe I'm a stakeholder in this as it may happen to me or someone else tomorrow.

1. It is not enough to say 'We have returned the money,' who did you remit it to? The agent's account or the customer's account?

2. How did you come to the conclusion that the agent and customer are the same person/clique?

Your defense information here is too vague to get a good understanding... by the way, you declared the bold. Kindly make us understand.

concho:
The only thing university add to u outside scholastic knowledge is change of mindset and general view of ur society . And this will come as a result of mixing up with ppl from different background nd culture. Eg, my friend David Daniel thought me how to think like a rich man when he was my room mate in 100L . I dropt in my 200 level even as the best student in my department then. I was not seeing any future in the chosen choice of discipline. My verdict is this : Follow ur heart. The only limit to were you can reach in life is that limit set in ur own imagination and not UNIVERSITY OR DEGREE

I agree with your submission.

You will agree with me that you have learned many things other than academics while in school that has mad you probably more informed than you could have been.

concho:
SO what d u want him to do now......

It is never too late to be educated.

You'll be amazed at how he can blend insights he has now and can be drawn from the academic environment to achieve his goal.

saasala:
And you probably would have had it easier if you had not pursued a degree....You see, different strokes for different folks

More people who aim for the same thing you're aiming for have degrees or were pursuing a degree at some point.

You too would have probably been like them if you did the same. It is no coincidence that they have degrees or pursued a degree at some point... and for them to have done so, they must have at least had an O'level Certificate or its equivalent.

...but like you said, different strokes for different folks.

saasala:
I have not made it in life until I become a billionaire in dollars.

Why did I say this?

My goal since I was in SS2 as a 16 year old boy who stumbled on Robert Kiyosaki's Rich Dad Poor Dad was never to proceed to higher institution after I learnt that becoming very wealthy or successful can not be gotten with certificates.

As at the age of 20 I already had 2 handwork: Bricklaying (Which I learnt from my father) and plumbing (enrolled as a plumbing apprentice and graduated cos of the passion I have for it) With this skill I was able to earn some income which I later invested in some internet business that fetched me something big. At the age of 22 I made my first million naira, had a registered business, an office with 2 other partners. We were doing strictly internet business. Online payment merchant, e-currency, made some money via Google adsense etc. At the age of 24 I became broke and lost my business, went back to become a burden to my bricklayer father,one of the partners betrayed me. I learnt the hard way and moved on.

At 24 I started learning programming, read and watched tutorials like my life would end soon while still doing some internet businesses. At 26 I started getting web jobs and things started getting better.

Now I am 30, I am building my own house, I have 3 sources of income. As an internet entrepreneur I have apps and websites that will soon make me a billionaire in dollars.

I didn't further my education. I have been inside of a higher institution just twice when I went to visit a friend and when I went to conduct a seminar. I didn't even pass my WAEC. I have helped students of computer science with their school project severally.

My goal since I was 16 has been to become a billionaire in dollars without going to school. So I have not made it in life until I achieve this.

You probably would have had it easier if you pursued a degree. You're getting it all wrong if you think all you'd have learned in school is academics.

Somadila, the bookie claims to have settled you/your cousin/your agent.

If you truly aren't working together with your agent, report to the appropriate authorities or visit NairaBet's office with proper evidence and get all these sorted out.

It doesn't speak well if you keep lamenting and giving demeaning remarks here if the bookie genuinely has no fault in this.

By the way, how come the matter has been taken with levity on your part for more than a month if you've truly not been paid? No one does that.

You guys should apply to KPMG, they're currently recruiting. Especially if you stay in Lagos.

Go to the careers section on their website to check for positions you fit into.

AmoryBlacq:
A nairabet agent funds a customer, for some weird reasons they decided to refund the costumer,and they do so by crediting the agent

does that make sense to you?

I'd advice you all to avoid nairabet because it could be you tomorrow.

An unworthy and dishonest client is never good for business!

I couldn't have agreed more.

How can an established bookie close an agent's account yet, pay the so called agent, money already funded to a customer and expect there should be no uproar? Does that even make economic sense?

If the customer were to receive winnings, will it be paid through the agent? or what kind of ineffective and fraudulent system is NairaBet running all in the name of 'policy?'

For those criticising the customer, I hope this fraud does not happen to you at anytime, so you wont get to know how painful this can be.

You can get Lekki/Ajah directly from Berger, on Kosoko Street but it is usually between 6-10am.

You may also take Yaba->Obalende->Lekki route too.
Yaba from Berger, Obalende from Yaba and Lekki from Obalende.

femi4:
Cannot you see your English too

He's technically correct even though the usage is not in the best form.

Batch B 2017 should just expect to go to camp in January, 2018. There's no hope for this year.

ZaraGift:
THAT'S WIKIPEDIA, I CAN EDITH THAT OR CREATE ANOTHER PAGE

Just go to Igarra and see for yourself, you'll be surprised... well, like I was too.

I was also thinking just like you are presently.

ZaraGift:
MR. MAN. THERE IS NO SINGLE YORUBA WHO IS INDIGENE OF EDO, ONDO IS NOT FULLY YORUBA STATE

Educate yourself.
Do you know all indigenes of Edo state?

https://en.m.wikipedia.org/wiki/Akoko

Read on the Ibillo people too, a subgroup of Yoruba, from Edo state.

Visit Igarra and find so many Yoruba folks there in their homeland.

ZaraGift:
THERE ARE NO YORUBA IN EDO

There are Yorubas who are indigenes of Edo state.
They're just a minority anyway.

Amarabae:
NO. Igbos are Majority in Niger Delta Region BUT Minorities in South South.
Know the difference between the two.
And btw, where is this Niger delta region located?

By any/all of your three definitions of 'Niger Delta,' Igbos are just a small minority.

Igbos are a minority in the South-South, Igbos are a minority in the Niger Delta.

Sarrki is right.

emmyspark007:
Is anyone having issues with bet9ja payout? more than 24hrs o yet nothing. Dem want make I cancel am but I no go try am
just dey pop d cancel for my face wicked bookie

There's no issue with them.
You're probably not used to withdrawing online with them.

It can take as long as 24working hours. (That's excluding weekends and public holidays, you know)

Evaberry:
..

A broke man is a broke man
leave all this nonsense alone
The worst disease in this life is poverty and I pity the soul of anyman that's broke

in my opinion broke men should be castrated or thrown to the dogs

What's your opinion on broke ladies?

naturalman:
Anambra is even ahead of Ogun not to talk of Rivers state....we in rivers state don't make noise...we don't look at those false data....

At the end of the day...Ogun state will still rush to Aso rock to collect oil proceed from Rivers state....so y should I be posting pics up and down to prove my point....

like I said Only SHELL will swallow all the industries in Ogun state.....

Young man, when you talk publicly, do it like someone who's educated and don't just talk in ignorance.

Read news and reports on industrialization in Nigeria and come back to comment.
Goodluck.

FKO81:
Osun over Delta, Edo, Kogi, Kaduna Some will sit in their comfort zones and compiling rubbish

Which Edo?
Are you counting hotels and churches?

vampire2020:
they should just give thanks to MARY SLESSOR if not eh

...but them no dey kill twins for them side nau, na big blessing sef.

akinalabi:
Calm down.

If you know what we see behind the scene, you will understand why these stern decisions are made.

Do you know this is the 3rd time we are banning this agent? She finds a way to use another details to register. We found out that she was the same person when we traced her method of payment.

The same agent funds just about 3 customers who then plays only a particular kind of bet.

An agent that has been banned 3 times and still paying N25k to register to become an agent with me. You think that agent loves me so much or the agent is on a mission? With some much competition, out there, she will be vexing to go to other bookies as I ban her.

As for the overrounds you mentioned. If the overround is less than 105% then fraud is automatic with 5% agent commission. Remember also that the second leg does have to be at NairaBET. It could be elsewhere. . . Arbitrage don start be that which we frown upon.

Forget the calculations sef. There are patterns that when sighted, actions have to be taken.

I don't think anyone has qualms about this really as money has been returned. It's not like those accounts have won or something. We discovered early and returned monies. Fair enough in my opinion.

A lot of Nigerians cannot survive on foreign bookmakers because those ones are very strict on these things.

Over the years, I've heard people here say forget Naija bookies, I'm going to foreign bookies. Most of them return silently when the foreign ones start giving them headaches.

Anyway, I believe all those affected are cool. If they are not, I'm ready to listen to them even more so I can do what will make you them happy.

That is what I like to do. . . Making my people happy.

Thanks for the detailed explanation.

I now understand better.

Chiefheywhy:
Lol,even BET365 will restrict you,if you win to consistently ..Not only nigerian bookmakers...But if you continue to lose every dime you fund,nothing will be done...

Na so oo.

Most of them na the same pattern, naija own con dey another level.
A red flag is never raised and never will be for consistent losses. All na business sha.

Calebsky:
@the bolded,
Milking them day in and day out, year in and year out, here a little and there a little, with apparently negligible loss to the punter is NOT business to the bookie.

Imagine a punter with a bankroll of N1M and rakes in a net average of N10M every month courtesy of nairabet....that account will be closely monitored.

Nairabet has better odds compared to most naija bookies. As per the commission i completely agree with you.

The bold part na die. They'll probably close the account in the second month with one flimsy excuse for doing so.

Most bookmakers, Nigerian bookmakers especially, are just interested in what you described in the first part. You'll hardly get risk free bets with them.

Calebsky:
@LaExpert, explanation will come up later

The operation is not exactly the way you illustrated.

ThePuntFixer will come up later to do that.

Simply put, for that operation as you illustrated to hold sway with no loss the additional sum on the commission will be part and parcel of the principal in such operations. This means the agent must have some complicity with the whole arrangement. I know a few who do that (with some sleek arrangement). Might be illegal (don't know why) as Alabi pointed out, but it's a smooth operation - a WIN - WIN situation to the operator.

I hope you get the drift.

Thank you, I'll be expecting some more explanations.

For some other bookmakers who offer better odds and higher agents' commission, a small profit may be earned from such dealings but with NairaBet, the odds and commission structure won't guarantee a profit (in my knowledge though). By the way, why should a bookmaker return my funds (as a punter) because I only play a particular market? Perhaps, because of the ambiguous rule that allows them refuse or cancel a bet.

akinalabi:
Alright.

This has actually been sorted offline today but since it is here I just might as well contribute here too.

So here goes.

A lady named Ifeoma signed up to become an online agent where she will be getting 5% of every funding she carries out on our behalf.

She funded her agent account with N925,00 and we topped it up with her 5% commission which is N48,700 which took her balance to N974,000

Our risk management department then discovered something. We discovered that the account account she funded (yours) was only playing a 2 way game. Just Under only. All bets Under Under Under Under. This is a red flag because all she needs to do as an agent is fund two different accounts, play Under on one account and play Over in the other one. One will win and one will lose. Remember she has already collected 5%.

So the winnings plus the commission will be more than the one lost. Simple, smooth but illegal operation.

What are the possibilities that all the customers an agent is funding is playing only one kind of bet?

What we did was we removed the monies from the customers accounts, put it back in the agent's account, removed the 5% we gave her and we returned her cash to her today. And she will no longer be our agent.

We waited a bit to be sure what was going on to be able to know the best the we did and after extensive discussion with you and everyone involved, we sent the money today.

Please find attached the receipt of the transfer we did today.

Let's use 200,000Naira for easier understanding.
Ifeoma funded 200,000naira and received 10,000naira that's a total of 210,000. She funded two customers with 100,000 each and the customers play a two way game, say total goals (even/odd) @ 1.85 (average nairabet odds for such games) with the total sum, when one wins, the total winnings will be 185,000naira (plus 10,000naira) 195,000 while total stake is 200,000. There's still a loss of 5000naira. No matter how the odds are, as long as long as there's an overround, there will be a loss even with the 5% bonus.

I believe your 'red flag' was as a result of consistent winnings by that particular customer with huge stakes. If not, it would have picked out another customer doing something similar since you can track accounts the agent funds.

What you have done to the agent who brought you a customer was totally unfair, I'm sure if there had been consistent huge losses from the customer, she'll have still been your agent today.

Like you said, even though you consulted everyone involved, you still acted in your own interest which was selfish.

or do you care to shed more light on this, how the winnings plus bonus exceeded the stakes?
For clarity, kindly do.

ThePuntFixer:
I UNDERSTAND THIS SCENARIO PERFECTLY

Perhaps, you can also explain (with some calculations) since you 'understand the scenario perfectly.'

akraym:
declaration of interest will end on Saturday June 17th

I'm interested.

Nairaland Username: LaExpert
EbonyBet Username: LaExpert

cc: troot, puskin.

Can someone kindly send the practice materials to adson195@gmail.com

I can only open it on google drive, can't seem to download them.
Thanks.

cc: Layez, Tiwa101 kindly help out.

Who is Zoro? I believe he's an upcoming artiste.