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The sports betting industry in Africa has seen such remarkable growth in the last several years for various reasons. In fact, Nigeria, South Africa, and Kenya were estimated to be responsible for pulling in almost 40 billion dollars of the global revenue from sports betting in The ease the online or mobile betting platforms brings makes it such that anyone with a functioning mobile device can register on a betting website and place wagers on games from wherever they are. Mobile banking makes the payment for goods and services much easier and doable from any part of the world and this has, in turn, made sports betting easier to engage in.
Payment services like MasterCard, PayPal, Skrill have made placing wagers much easier for interested individuals. High unemployment rate: The unfortunately high figures evident in the unemployment data of many African countries is one of the major factors responsible for the increase in sports betting. Many of the unemployed youths in these countries now see sports betting as their ticket to a good life and as a scheme to make quick money.
Proliferation of betting companies The increase in the global market size of sports betting and activities has pushed the increase in betting companies all over the world including Africa. With the high number of betting companies around, each company, in a bid to gain a higher number of customers, has come up with several marketing and advertising strategies as well as incentives and bonuses for new and old customers.
Lenient gaming regulations Unlike the strict gaming laws and regulations implemented in American and European countries, most African countries have relaxed and lenient gaming laws and regulations. The most probable reason for this is as an incentive to draw big foreign investors to invest in the rapidly growing gaming industry and as a result improve the economic situation of the country. Sports Betting in Tanzania Tanzania, located in East Africa, is not at all left behind in the sports betting industry, infact, the country has a reputation as being the pioneer country in relation to sports and gaming activities in Africa.
Sports betting and other gambling activities within Tanzania are controlled and regulated by the Gaming Board of Tanzania and these activities including online betting have been legalized since under the Gaming Act.
Before the enactment of the Gaming Act, gaming activities within the country were regulated by the Pools and Lotteries Act of and the National Lotteries Act of The Gaming Board of Tanzania is responsible for imposing taxes and levies on gaming activities and is also responsible for coming up with and implementing guidelines and codes of conduct for all activities. The board is also in charge of issuing, suspending and withdrawing gaming licences to operating betting companies, online betting companies inclusive, most of which are local companies.
Some of these unlicensed betting companies include Ladbrokes Tanzania, sport, etc. Apart from the Tanzanian Gaming Board the Tanzania Sports Betting Association also plays a part in ensuring that members of the association adhere strictly to the laid down laws and regulations of the country. Some of the laws and regulations focus on underage gambling for people younger than 18years of age, criminal or fraudulent activities, prevention of addiction. Sports Betting Companies in Tanzania Tanzanians are spoilt for choice when it comes to choosing a sports betting company to place their wagers on.
Here are a few of the best and most popular sport betting companies in the country: M-Bet Tanzania M-Bet Tanzania is a relatively new local company on the sports betting market but is also becoming a favorite among bettors. The company offers a wide range of betting markets to select from which allows bettors to place wagers on as many different sports as they want. Popular Sports for Betting in Tanzania Just like all other countries in Africa, football is the most popular sport in Tanzania, by far.
Tanzania has its own professional football league — the Tanzania Mainland Premier League. Football fans love to bet on their local games, especially the first division of football Tanzania Premier League. All major European football competitions are also available for betting in Tanzania and the UEFA Champions League is the most popular competition for betting in the East African nation.
Online sports betting websites offer multiple markets for every sports event. You do not only find the 1X2 bets but also first goal scorer, corner bets, handicaps, and many more available, using football as an example. Cricket is the second-most popular sport in Tanzania after football.
Although Tanzania has not managed to achieve success in international cricket, it is still extremely popular and locals enjoy watching the sport and betting on it as well. Basketball is big in Tanzania as well. College basketball is very common in the nation and so is boxing. You will always find Tanzanians betting on all the major fights in boxing across the world too. Tanzania is a proud nation when it comes to athletics. East Africa is known to produce the best runners so the Olympics and World Championships are a happy hunting ground for bettors in the nation that is home to Mt.
You can bet on a live game happening in the US time zone or even the Japanese time zone, there is absolutely no restriction on that. Opportunities for betting can come along at any point in time so it is important to try and maximise these opportunities that come your way.
Mobile betting adds to this as you can bet on-the-go from any corner of the world as long as you have internet access. Pick an online sportsbook that lets you bet on your mobile device, ideally. Whether it is through an app or website, it should be accessible on the phone so that you can place bets anytime or keep track of everything in real-time when on the move.