Sports betting is a very lucrative venture in Nigeria. Opening wallets for customers can earn you a lot of commissions as an agent as people need money in their wallet to place their bets.

Sports betting is the act of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. In Nigeria, sport betting operators are regulated by the National Lottery Commission.

People who want to bet need to have funds in their betting wallet. So, for example, a vulcanizer who wants to bet with bet9ja will have to fund his bet9ja wallet. Mobile Money agents provide cash-in services into customer’s sport betting wallets and charge normal cash-in fees. This happens like the bills pay service we earlier treated. So, continuing the earlier example,   the vulcanizer will come to the mobile money agent, give him/her cash, and the agent will transfer value from his/her account with a mobile money operator (e.g quickteller) that has the sport betting company as a merchant,  to the customer’s wallet with the sport betting company. The agent can decide to charge an extra fee of N50 - 200 for this service. We focused on sport betting as an independent service because a lot of unbanked people practice sport betting and find it difficult to credit their wallet, hence the need for agents. Some mobile money agents can even decide to upgrade to become full fledged sport betting agents - helping these people place their bets, and disburse winnings on behalf of the sport betting company. This however, is not part of mobile money business, so we do not cover this in this course.

Subscribe as an agent of a mobile money operator that has this sport betting provider as one of their merchants and conduct bills pay.

Quick teller has over 60 sports betting providers enrolled as merchants. This means, you will be able to load the sports betting wallets of any customer with any of these sport betting providers if you are a quick teller agent. Some other operators have these sport betting providers as merchants too.