Bet9ja Nairabet – All You need To Know Agents & Players … www.playplay.ng
How Bet9ja Agents Make Profit?
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In this blog post, I explore how Bet9ja agents make a profit. Specifically, we look at how the commission system works and how agents can make money even when players win bets.
I also discuss some of the challenges faced by agents in the industry.
So, if you’re curious about how to become a Bet9ja agent and what you can expect from the role, read on!
How does the Bet9ja commission work?
You may be asking at this point what the proportion of the commission is that I mentioned. How good can the bet9ja commission system be? Read on to find out.
The betting firm divides the money as a partner of Bet9ja—yes, that’s what you are now, a partner—through a commission-based system.
Then, how is the bet9ja agent commission determined?
Let me explain the commission system for bet9ja agents.
On 26 to 40 betting options, a 20 percent commission is the maximum permissible.
Commission of 18%: On 21 to 25 choices.
Sixteen percent Commission: On picks between 14 and 20.
fourteen percent Commission Regarding 11/12/13 preferences.
On 9 out of 10 choices, there is a 12% commission.
Commission of 9%: On the 6/7/8 choices.
How much does Bet9ja make in a month?
In Lagos alone, Bet9ja generates roughly $1 million in monthly revenue.
Although the Lagos State Lotteries Board (LSLB) granted them a license, they can conduct business anywhere in Nigeria. Therefore, the nationwide monthly turnover would increase to $17.5 million if they just made half of this in the remaining 35 states.
Considering inflation and a rising market, this amount is not too dissimilar from John Tamara of KPMG’s projection for 2016 of $10 million.
John calculated that Bet9ja’s monthly revenue was $10 million. Similarly, NairaBet, the second-largest bookmaker in the nation, reportedly made between $3 million and $5 million per year.
Additionally, it is predicted that their profit margin would be between 20 and 30 percent.
How much does Bet9ja make in a year?
With over 50 betting sites operating in Nigeria and over 60 million Nigerians participating in sports betting, the country’s economy is significantly impacted by the rapid rise of the sports gambling industry, with bet9ja as the number 1.
According to a survey by the leading accounting and auditing firm PwC, Nigeria has overtaken South Africa as the second largest online gambling industry, with gross gaming revenue of $58 million in 2018.
According to the research, the GGR will increase by 16% in five years.
Nigerians gambled a staggering $2 billion on sports yearly, or nearly $5.5 million daily.
According to a study by another accounting company, KPMG, Bet9ja, the most significant betting brand in Nigeria, generated a monthly turnover of $10 million as of 2016.
NairaBet isn’t doing terribly, with a monthly turnover of between $3 and $5 million.
The betting firms have discovered a gold mine in Nigeria and are quickly growing.
$10m each month for 12 months will be $120m yearly; adjusted for inflation, it will be about $151.2m as of today.
How much do Betting agents earn monthly?
Through weekly and monthly incentives, significant sales commissions, and other means, BetKing offers its agents the chance to make a consistent living. Moreover, your money won’t end since you may earn weekly commissions of up to 30% and monthly bonuses of up to 40%.
BetKing offers the most acceptable odds in Nigeria to its consumers, which generates a ton of business for your establishment.
Customers are more likely to return and spend more money with you when they take advantage of BetKing’s excellent odds to increase promotions. The chances are infinite with access to more than 5000 sporting events each month.
Bet9ja agent commission on virtual
In addition to the structure already mentioned, Bet9ja also offers a unique commission structure for betting on virtual games.
In this instance, the commission structures range from the highest commission of 9% per stake to the lowest fee of 3% per stake (lowest commission).
If you add all the above percentages, you’ll see what a fantastic job being a Bet9ja agent is.
How to manage a bet9ja shop?
Naturally, as a prospective Bet9ja agent, you should anticipate that there will be some qualifications – physical, intellectual, and financial – that you must meet to Naturally, a prospective Bet9ja agent should expect that there will be some qualifications – physical, academic, and economic – that you must meet to be taken into consideration:
Broad understanding of sports (preferably football).
Managing customers and having an assertive communication style.
Basic familiarity with the terminology used in the gambling sector (odds, stakes, earnings, and so on).
A visually pleasing store, ideally situated in a busy neighborhood.
A beginning budget of at least $50,000 and agent registration requirements.
Openness and friendliness, communication skills.
Determination and self-motivation.
3 TVs, three computers, and two thermal printers, at least.
Dependable electricity and internet.
What is the benefit of being a bet9ja agent?
Whatever a man is engaging in, I’m sure he’ll want to know what he stands to gain. So why should it be any different for Bet9ja agents conducting business? What then are such advantages? See them now.
Turnover is the basis for commission rates. So for each wager, you place your profit.
Commissions for all clients who use mobile and the internet enrolled by your tellers.
No dangers or liabilities for winning wagers.
For the most popular sports, there are more than 5,000 events accessible each week.
Monthly, there are over 12,000 live betting events.
We are the leading sportsbook software in Europe.
The ongoing creation of innovative and intriguing items.
Setup of hardware support.
Both telephone and on-site technical assistance.
The free training program will prepare you and your team for your betting shop’s debut.
Bet9ja shop rules
Every Agent of bet9ja must adhere to set up rules and all training provided by bet9ja.
Agents must not process bookings for anyone younger than 18yrs.
Agents must process all bookings on the bet9ja platform and not another betting company.
Agent of bet9ja must be visible by having a banner.
All hardware necessary to run activities must be present during working hours.
Agent must keep a proper record of bookings processed and being processed.
List of bet9ja agents
Here is a list of some bet9ja agents around Lagos:
Egbeda, Lagos: 23 Alhaji Ogunsola Street.
Onilu Village, Lagos (Phone: 01 279 6666)
Ikotun Road, Egbe, Lagos; Telephone: 0816 411 6781
Off Malas BusStop, 87 Liasu Rd, Lagos (Phone: 0816 085 4280 4)
Segun Alaka Street, Off Isheri Rd, Igando, Lagos (Phone: 0708 511 0845)
Maryland Mall, 350-360 Ikorodu Road, Lagos (Phone: 0816 234 5182)
Isolo, 10 Opeleke Street, Lagos (Phone: 0802 631 2558)
8 Ajegunle Street, Maryland, Lagos
Oshodi Rd, Mafoluku Oshodi, Lagos (Phone: 01 279 6666 10)
13 Bale Street, Isolo, Lagos (number eleven)
Egbeda, 44 Okunola Rd, Lagos (Phone: 01 279 6666 12)
31 Martins Street, Idi Oro, Lagos (Phone: 0703 009 8797
Igando, Lagos, Segun Alaka Street, Off Isheri Road
Bet9ja agent registration fee
After filling out the bet9ja agent registration form and ensuring all other logistical and physical arrangements are in place, an account will be given to pay N50,000 for the registration fee.
Bet9ja agent WhatsApp group
After registration, you will be directed to the best super agent in your area for you; if you need more clarification, use the bet9ja customer care line:
01-8889309
01-5158888
01-4405145
08099990939.
Super agent bet9ja
Bet9ja super agents control a large part of an area and have another agent under them.
Conclusion
We hope this article has given you a clear understanding of how bet9ja agents make a profit.
It’s important to remember that there are many ways to make money in the betting industry, and each agent will have their methods and strategies.
Contact us if you have any questions; we would be happy to help.
By Ubaso Nwaozuzu
<p>The post Bet9ja Nairabet – All You need To Know Agents & Players … www.playplay.ng first appeared on SwordPress.</p>
