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11 Forms Of Gambling In Nigeria Today

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11 Forms Of Gambling In Nigeria Today

According to wikipedia,

Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling thus requires three elements be present: consideration, chance and prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.

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The term “gaming” in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; i.e., a “gaming” company offers (legal) “gambling” activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universally observed in the English-speaking world. For instance, in the United Kingdom, the regulator of gambling activities is called the Gambling Commission (not the Gaming Commission).The word gaming is used more frequently since the rise of computer and video games to describe activities that do not necessarily involve wagering, especially online gaming, with the new usage still not having displaced the old usage as the primary definition in common dictionaries.

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The major Form of gambling in Nigeria today that is well known by everybody is sports betting (Bet9ja).

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11 Forms Of Gambling In Nigeria Today

1. MMM and other Ponzi Schemes

2. “Baba Ijebu”

3. “Who Wants to be a Millionaire”

4. Lagos Premier Lotto

5. Federal Lotto

6. NaijaBet

7. Bet 365 Naija

8. 1960 Bet

9. Bet9ja

10. Merrybet

11. Casino

 

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