When it comes to sports betting, the person betting places a wager on what they predict to be the outcome of a game. If his or her predict(s) are correct, they win prizes (mainly monetary or, in some cases, physical goods). This takes knowing the game, and knowing the skillset of various players. Plus, predictions can vary heavily with every sport you spectate.
This is especially the case for Nigeria, since the country, nowadays, has treated sports betting as a gold mine – or the “new oil business.” While some people still view this practice as sketch and illegal, there are also legitimate ways to take part in sports betting. In short, sports betting can be entertaining and (perhaps) rewarding, being able to create predictions, and observe the many possibilities that can transpire in a sport, thus spawning the art of correct prediction.
Since sports betting has grown in momentum in the recent years, how is the business coming along? Rather than show a lot of the numbers and percentages, it’s important to give a spotlight to the individuals that have made it to fame and fortune just by playing the “business” game – taking advantage of the financial successes that sports betting brings.
Just keep in mind: Sports betting is NOT for everyone, even if you read these success stories. It still takes hard work and commitment to make it work for you. With that in mind, let’s dive right in!
Related: How To Develop Your Own Sports Betting Strategy
Bet Owners (And Their Net Worth)?
So, now that you were shown a little background on sports betting in Nigeria, who exactly IS responsible for such monetary successes? In answer to this question, it’s best to look at some of the faces of sports betting. With that said, let’s introduce you to 5 of the most successful sports betting owners, along with their net worth.
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Owner Of Bet9ja
“Kunle Soname is the owner and chairman of Bet9ja,” says Freddie Thompson, a sports blogger at Write my X and 1 Day 2 write. “Soname was the first Nigerian to purchase a top European football club – Clube Desportivo Feirense. Securing over 70% of that football club, Soname’s net worth has since climbed to over $132 million by late 2020.”
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Owner Of Merrybet
The owner of Merrybet Gold Limited, Opeoluwa Fashakin almost didn’t get much publicity, given that he’s more of a business man working behind the scenes rather than a spokesperson. Also the founder and CEO of EpaySystem, Fashakin has a technological background on his belt. He graduated from Lagos State University with a degree in Computer Science. Afterwards, he worked as a regional manager for Maxipoint Server Africa. Today, his net worth is over $41 million.
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Owner Of SportyBet
Founder and CEO of SportyBet, Sudeep Dalamal Ramnani works with Nwankwo Kanu (Brand Ambassador) to create a profitable international sports betting and real-money gaming operator. SportyBet delivers quite an experience in the sports betting realm within regulated emerging markets. Ramnani is also a graduate of Economics from London School of Economics and Political Science, along with Chartered School; and he’s an investor in Fintech and mobile payments, along other profitable ventures. His current net worth is over $15 million.
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Owner Of Winners Golden Bet (WGB)
“Idowu Osuolale Obasa has very much to do with Winners Golden Bet,” says George Cambridge, a gambling expert at Origin Writings and Brit Student. “The founder, and current Chief Executive Officer of WGB, Obasa knows how to promote the Golden Bet Lotto – handling the management, media, and business of the organization. His current net worth is about $10 million, as of late 2020.”
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Owner Of Surebet247
Finally, meet Sherif Olaniyan and Olasupo Badmus. These two are founders of Surebet247, which was inspired by their business partnership with Chessplus International ltd, and for the gaming industry (particularly Playstation). Once they’ve graduated from university, they started their online entrepreneurship, which would soon be the modern-day scheme Surebet247, thus resulting in their current net worth of over $25 million.
Conclusion
As you can see, major sports betting is a growing industry, especially in Nigeria. Rather than a gold rush or oil discovery, sport is a lucrative business that has been responsible for distributing the wealth and creating young and up-and-coming millionaires in that country alone.
Most notably, at the rate its going, sport betting has no plans of slowing down anytime soon. Take it from the 5 owners showcased in today’s article!
George J. Newton is a writer at Write my dissertation and PhD Kingdom. He is also a contributing writer for Next Coursework. As a business development manager, he has overseen various business projects throughout the country.
7 Comments
Warn sporty bet to desist from deleting people’s bet accounts when they win.
If they dont know, lawyers, judges,military personnel as well as police officers are their major account holders and we gave screen capturing and recording our slips if they dont know.
Woe baptized them, if they dont put a stop to that barbaric behavior…
I rest my case
Sportybet is the most useless bet I have ever seen in my life they have lock my account since 2019 till date I have been calling them no solution infact they are scammer
I have some money on my Sportybet Account but I can’t withdraw it due to the fact that I lost my number. There is no way I can change my number on my account and I have tried their customer service but it hasn’t been responding. This is so sad to experience.
I deposit money on my account true POS
They approve it they. and didn’t see any money on my account I call costomar care for help them pick the call refuse to say anything
Hello pls a ticket spoiled whit the full time score not written on it why pls help me.this is the money for my granny drug
Why did you guys hold my money
It’s fascinating to see the rise of sports betting in Nigeria and the significant net worth of its major players. It’s a testament to how rapidly the industry is growing in the country. I wonder how these figures will evolve in the coming years, especially with the increasing popularity of sports betting among the youth. Great post!