I recently had a chat with someone who asked me if online betting was the best way to make money online from Nigeria? This post contains my answer to the question and what I think generally about online betting.
Now What Is Online Betting?
From all I have gathered online betting is a system where people bet money to predict the outcome of matches played in different football leagues.
It is similar to the football betting done offline in pool offices across Nigeria. The only difference here is that it is done online.
So Is Online Betting An Online Business?
To answer that question I will ask another question. Is betting a business? is betting on horse a business? Is betting on the outcome of another person’s performance a business? If no is your answer then how can betting on the outcome of football matches be a business?
Are People who bet and gamble in casinos doing business?
The only people in business and making a lot of money when it comes to online betting are the companies providing the services.
So in my opinion ,online betting is a not a business.
What About People Making Money With It?
Okay , what about people making money in casinos?
Get this, I am not saying that online betting may not work for some people ,but it is sometimes fluke or luck ,just like the man who gambles in a casino.
You can still make money but it is not a predictable , sustainable online business.
What About The Products That Are Sold In Some Newspaper On Online Betting ,Is It Worth It?
If online betting is not an online business why should you waste time and money on products to show you how to use it? Online betting is not even close to passive income.
I know that many people may argue with me and say they are making some money with it ,well good. If you are doing fine with this online betting systems peddled by some marketers then good. If you are about to start and you are looking for answers ,well it is your choice to make especially now after you have read this post.
I have never tried online betting and will likely never try it because it is gambling and gambling is not an online business. I do not recommend it to anyone. If you are doing great with it fine ,if not I would advise you forget about it and rather learn other ways to build a profitable online business.
(this is purely my opinion ,if you have a contrary opinion please share in the comments )
If you are making loads of cash using online betting or know of someone who does please share in the comments?
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