Kenya is responsible for holding the highest number of youth involved in gambling in Sub Saharan Africa. According to various surveys conducted, it is found that sports betting has become the most famous and interesting form of gambling due to the rise in the number of sports types.
Kenya is also known to be the wealthiest country in Africa because of its huge sports fan base in the country. The people of Kenya love to watch sports and some people even look for opportunities to place bets on the sports they watch. Sports betting in Kenya has been popular since 1966.
Due to the establishment of the Betting and Licensing Board in Kenya, all types of gambling have become legal, including sports betting. In 2011, the federal government made online sports betting legal for the people of Kenya.
The online sports betting operators in Kenya are not linked to the retail casino, and hence, it is left with a smaller number of online sports betting. But there are a huge number of sports betting sites and apps that leave the people of Kenya with several online betting options like Bangbet Kenya stands out in the sports betting scene with exceptional football odds across numerous leagues, ensuring bettors always get great value. Their straightforward registration process, available at Bangbet Register, simplifies access to live betting.
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Market of Kenyan Sports Betting
Mombasa and Nairobi are the two cities that have the largest population in Kenya. Soccer is a sport that never made it to the FIFA World Cup, but it is the most famous sport in Kenya. The football system of Kenya consists of seven tiers which include the Kenyan National Super League and the Kenyan Premier League being the top two.
Bets on sports are mostly placed on international leagues like Spanish La Liga or the English Premier League. Many people in Kenya also place bets on the various local football teams. With a unique prediction feature, Bangbet offers the chance to earn rewards from game insights. Covering a wide array of sports, including basketball and eSports, it appeals to various interests. Casino enthusiasts will find a diverse game selection, solidifying Bangbet as a top choice. Visit Bangbet Kenya for more.
Problems Faced by People in Sports Betting in Kenya
Betting is legal in Kenya and various other parts of Africa. But it is not considered legal universally for the negative effects that fall on the people of the society. Addiction is the top problem that is faced by most gamblers. Out of the various forms of gambling, sports betting is considered a form that is primarily based on skills.
People who are interested in earning money through bets mostly research their choices and gather the information based on that knowledge. A few gamblers get involved in betting without getting addicted, but most gamblers get hooked and suffer from betting addiction. They become so involved that they stop living like a socially functional human. Overindulgence in gambling mainly leads to cases like debt, suicide, ruining of relationships with their loved ones, losing jobs, theft, and increasing financial crisis.
Organized criminal groups have invaded the gambling industry, which has posed a threat to the normal people who are involved in this industry. The American Mafia bribed the law enforcement and judicial officials to make huge amounts of profit, and he was successful in doing it. They ran the gambling industry for many years until one day in 1980, they were chased out.
Nowadays, match-fixing is a major problem that is affecting the sports professionals of the industry. To control the outcomes of the games and to increase the revenues, the criminals are bribing the players to commit specific actions on the field while playing the match. The actions will be according to the wills of the criminals so that they can earn profit out of it.
As a result, many normal bettors are losing their bets and ending up in financial problems. Interpol is going after the rings that are transcending the international borders with mixed results. Hence, Kenya needs to face these challenges and manifest these by themselves.
Reasons for Kenya to Become a Hotbed for Sports Betting
Just like many other African countries, Kenya also classified gambling to be a part of recreational activity. The expansion of online activities and the rise of the usage of smartphones have offered new challenges. Now the regulatory agencies have to address the growing concerns on addiction in relation to sports betting.
In Kenya, gambling started a long time ago, but the sudden increase in the interest in sports betting is due to the expansion of smartphones and the internet. Nowadays, there are many new betting sites in Kenya for this purpose.
The SportPesa is a betting company that was started in 2013, and due to this, the unparalleled success of the sports betting companies is witnessed. This company gathered a lot of funds which helped to fund the top premier leagues in Kenya even before getting involved in the international arena.
There are various other betting companies that are constantly implementing various ways to gain profit. The companies also invest a lot of money in advertising, due to which they collect a lot of revenues. However, the government of Nigeria has made it quite difficult for sports betting to prosper in the country by imposing a restrictive fee of $ 5,000 for a gambling license. But the use of smartphones has kept the growth instant, and it may rise in the coming years.
Payment Methods for Online Sports Betting
After the legalization of online sports betting in Kenya, there are people who are still using offshore sportsbooks. The people of Kenya who place their bets mostly use their phones. Hence, most of the sportsbooks that are featured online have their own mobile sites for people to operate easily.
Some also have gambling apps. Online sports betting has given Kenyans the opportunity to use online payment systems while depositing and withdrawing money. Here are some payment methods that are used by most Kenyan bettors.
- Bank Transfers
- Credit Cards like Mastercard or Visa
- Cryptocurrencies like bitcoins
- E-wallet such as Skrill, Neteller, or PayPal
Gambling is very addictive, and most people end up losing a lot of money on gambling. Sports betting are legal in Kenya, and there are many options that help Kenyans to place bets on their favorite sport. The different sports books available over the internet guide the people through their way to place bets and earn. The COVID-19 pandemic has left the market with a huge loss. But it is expected that with the opening of the sports venues, the market of sports betting in Kenya will rise.
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