₦airaland Forum

The controversy about if sports betting is a form of investment took to center stage again on social media and generating discourse amongst Nigerians.

Dr. Tayo Oyedeji, a United Kingdom based Nigerian financial expert tweeted about the discussion he had with some participants at his “Village free seminar”, where said a significant percentage of men at the seminar in Nairobi mentioned sports betting as one of their investments vehicles.

Dr Oyedeji in a series of tweets said, the owners of SportsPesa, Betway, Ladbrokes, Nairabet, Bet9ja, BetKing etc make millions by selling poor people a pipe dream. They harvest millions from sport fans who think they can predict the future. Nobody can. Did you think Spurs would win at Ajax? Invest, don’t bet.”

“It takes a special level of financial naivety to think that sports betting is a form of investment. It’s Not. You will eventually lose your capital and continue “investing” in a bid to break even. They make the million; you lose your shirt. Don’t do it.”

“This sports betting nonsense is all over England; it’s on every billboard in Kenya; it’s big in South Africa; it’s everywhere in Nigeria too. It targets the poor and keeps them poor while a bunch of billionaires harvest capital from the ghetto. Please don’t fall for it.”

Read more: https://thebelltimesng.com/2019/05/09/between-tayo-oyedeji-and-akin-alabi-is-sports-betting-an-investment/

Dr Oyedeji is 100% right...sport betting is not an investment

Ty207:
Dr Oyedeji is 100% right...sport betting is not an investment

Is forex trading an investment?