Thread by @akinalabi

If you are planning to start a sports betting business, let me give you a small hint of financial flow so you can be prepared.

Out of all the best places, you will be paying out between 90% to 97% as winnings.

#Thread

As the market stands today, it stands at an average of 93%

This means that if you receive bets of N100m, you will be paying out between N90m to N97m

A particular day or week can be very profitable or you can suffer a bad loss.

But after a period of like 3 months to a year, you will be sure to profit/keep an average of 5%.

If your volume is good, you will be able to take care of your expenses and still keep good money for yourself.

This means you have to be very careful when signing deals. Never agree to anything where you will be paying on bets. Agree only on profits. If you pay bills on bets taken, you will lose money.

Let me explain.

Let’s say you agree to pay for a service on 10% of total bets. It looks small on the surface. But let’s do some calculations.

You take bets of N100m. This means your fee is N10m. You pay out between N90m to N97m as winnings.

Don’t ever do it.

I will be sharing my tips on how to do this as a bonus for those that will be attending my information and internet marketing training coming up. VALUE of this alone is in the millions.

https://twitter.com/akinalabi/status/1113413862643130368?s=21