Nairabet@10: 10 Things About the Popular Betting Company you Probably didn’t Know
Nigerian sports betting platform, Nairabet.com is celebrating its tenth year in operation. Sports betting has become a very lucrative business as it currently has millions of Nigerians hooked to it. Nairabet is one of the biggest sports betting company in Nigeria.
In honour of its 10th year, here are 10 things you probably didn’t know about Nairabet.
- Nairabet is the premier sports betting company in Nigeria. The 10 year old platform allows users to place bets on various sporting activities in return for rewards if correct.
- Nairabet Headquarters is located in Igbo Efon in Lekki, Lagos State. The building has four floors and a penthouse.
- The company was founded by Akin Alabi, a Nigerian entrepreneur. He is the author of the business and marketing book, Small Business Big Money. He is also the incoming member representing Egbeda/Ona Ara Federal constituency in Oyo State in the Federal House of Reps.
- Nairabet runs an online platform where users can place bets instead of walking to betting shops. Users only have to create an account, fund their account with their debit cards and place their bets. Users can also cash out their wins online straight into their Bank accounts.
- The platform has a mobile app for both Andoid and iOS devices to make betting seamless for its users. It also has a USSD code so users could stake on their phones.
- Nairabet is also the only sports betting platform in Nigeria that pays users if they get a single game wrong in their permutation. Or as its said, if only one game ‘cuts the ticket’. But terms and conditions apply.
- According to popular site ranker, Alexa, Nairabet is the 72nd most visited site in Nigeria with over 9,000 monthly visitors.
- The company has never raised any external funding to build up as its founder fully bootstrapped the company.
- Interested people can easily join its agent network and own their own Nairabet shops (bet centres) and get paid on commission. All they have to do is fulfill the necessary requirements.
- A leading report on gambling in Africa published in 2016 by KPMG, showed that NairaBet made an average monthly turnover of $3m-$5m. That figure is expected to have increased tremendously now.
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