Nigeria is one of the most populous countries in the world, with 206 million people. According to the latest updates, the country’s economy ranks 25th in the world in terms of GDP, and it continues to grow. In recent years, the standard of living of Nigerians has risen alongside the economy, and more and more people are economically qualified to indulge in gambling as a hobby. Consequently, Nigeria is gradually becoming one of the largest online sports betting and gambling markets in the world.
However, as a nascent market, many bettors in this African country are still inexperienced in choosing reputable online casinos to engage in gambling activities. So, in today’s article, we will provide the most detailed guide to Nigerian players on how to choose a reputable casino, engage in safe bets and avoid scam platforms. All information is collected from a reliable source: CasinoMentor.
Situation of the Gambling Market in Nigeria
Since colonial times, gambling has appeared in Nigeria, with the form of football betting popular among the elderly. However, since 1990, the Penal Code Act enacted by the country’s government has banned most forms of land based gambling.
However, at that time, online betting platforms still belonged to the future. Unfortunately, the changes in the law of this country do not seem to keep up with the speed of technological development and so far the latest updates of this law still do not contain any information related to online betting. Hence, we can see that in Nigeria, all online betting and gambling activities are considered legal.
Freedom can bring many benefits; however, in the case of the betting market in this great African country, this is not necessarily the case. With the emergence of a series of betting sites based in Nigeria and operated by foreign companies, the people of this country, in addition to enjoying rich gambling and betting services, still face scam platforms. .
Scam platforms appear a lot in this country due to their operation without following state regulations. In other words, the operators of these platforms do not pay taxes to the Nigerian government. Therefore, bettors will have to accept a high risk that their behavior will not be protected by any competent authority of their government.
How to Gamble Safely in Nigeria
At present, through his efforts, the Nigerian government has revised its laws and officially approved certain forms of gambling, including online sports betting, to earn tax revenue.
However, we still see a gray area regarding the legality of online casino operations in this African country. Therefore, Nigerians who enjoy the entertainment services of online casinos should refer to the useful information we mention below to limit the risks when engaging in their betting and gambling activities, both in online and offline.
Selection of reliable casinos
First of all, you need to stay away from scam platforms and choose trustworthy websites. The defining feature of these websites is that they have valid licenses from reputable authorities such as UKGC and MGA. Additionally, there are other factors to help an online casino site prove its transparency, such as:
Validated by RNG testing agencies: RNG is software that uses algorithms to deliver results in casino games. Having a casino approved by reputable third parties such as eCOGRA, TST or iTech Labs that the RNG software they use is valid will give players peace of mind that the results of their games Participation is entirely random and not subject to operator manipulation.
Use SSL technology: This technology will help reputable platforms protect the personal information you provide to them when creating an account. Hence, it will ensure the safety of your sensitive information and avoid being stolen by malicious hackers.
Get rave reviews from professional sites and real gamers: You can check quality casino review sites and people who have played there to see if the platform you choose mistreats its players.
Clear and reasonable conditions: All players must accept the T&Cs established by the operators of the online betting sites to use their services. However, some fraudulent sites will introduce unfair rules to limit the player’s chances of winning as much as possible. Therefore, we strongly recommend that you dig into the fine print to find out what risks expose you to injustice before jumping into the game on any platform.
Understand the risk and treat gambling only as entertainment
Of course, there is no reason for casinos to operate where all of their players win big. The games offered by the casino are always designed for players to lose more than they win, and games with the best RTP levels also never guarantee that you will beat the online casinos. In fact, there are very few players who actually make their careers by luck. Even if you win big on one spin, the casino will still be the winner in the end if you keep trying your luck in the long run. Therefore, understanding this is the basis for you to have a safer gaming experience.
The fact that you only consider gambling as a hobby also helps you a lot and allows you to avoid huge financial debts. Although there are many professional gamblers in sports such as roulette, poker or blackjack, you will never know the risks they have to take when making a living from gambling. Therefore, the best thing to do is to enjoy the game like any other entertainment like watching a movie or going to a music concert. Huge bonuses always make you happy to receive them, but once you realize that not having them is okay, it’s time to get into online casino sites.
This is something that online betting platforms constantly repeat whenever they can and always want their players to understand this issue. There are many elements associated with responsible gambling, and you should follow the advice we give below to avoid the potential dangers that online gambling can bring.
First of all, you should never use a credit card for deposit transactions. The risks of not controlling your rush are obvious, and credit cards help you by getting you into serious personal financial trouble. We understand how frustrating it can be to receive multiple misses in a row, but you’ll make things worse if you decide to go all-in to make up for those losses. Therefore, only use the money you earn yourself to gamble and avoid attractive loan offers from credit cards.
Next, you need to set limits on your betting time. Online and land-based betting platforms always do their best to ensure that their players spend as much time as possible thanks to the closed and windowless design of the casinos as with land-based casinos; or games with attractive interfaces to online sites. So the best way is to figure out the maximum amount of time in a day you can spend enjoying these entertainment services and then focus on more important things.
Finally, responsible gambling also means that you save your winnings and invest them periodically. Sometimes you’ll get lucky and win big, but if you take all that money as a basis to invest in the potential for the next huge win, you’ll probably lose it all. So our advice to you is that you should only deposit a certain amount per month, suited to your finances, and stop playing if you have lost all of your investment in that month.
Something every gambler should know is that reputable casinos have methods to help their players gamble responsibly. These could be features that each account has, such as setting a maximum monthly deposit limit, a maximum playing time limit, or providing a hotline for your friends or family to contact in an emergency. if you lose control during your bet. This is one of those positive things that you can only get if you choose a reputable platform to play on.
Nigeria is a thriving betting market with huge player potential. However, it also comes with a lot of potential risks if you are a player who does not have much experience in this area. Therefore, we hope that the information we have mentioned in this article will be useful to you in your betting activities.