Toledote Consulting Nigeria Limited launches the first betting exchange in Nigeria. (RealBet Nigeria)
• Toledote Consulting Aims to disrupt the Sports Betting Industry in Nigeria with the launch of Realbet Betting Exchange in Nigeria
• Toledote Consulting says industry innovation by allowing bettors to bet against each other and no discriminatory account restrictions are all tailored towards an advantage.
• The Realbet Nigeria Betting Exchange is licensed and regulated in Nigeria by the NLRC, providing a compliant and legal exchange to its local player base.
November 20, 2024 07:15 AM GMT +1
NIGERIA, Abuja–Today Toledote Consulting (Realbet) announced the launch of the Realbet Sports Betting Exchange in Nigeria, a sports betting exchange built for bettors looking to bet with each other and to place their bet at a great price with no restrictions.
Mr Samson Idahose, the Operations Manager at Realbet said: “Realbet is an integrated platform comprising of Realbet Exchange in Nigeria which operates on a peer-to-peer model, where users can bet against each other. Here, individuals can both back (bet for) and lay (bet against) outcomes, effectively acting as bookmakers themselves.” On the other hand, Realbet Sportsbook in Nigeria follows the traditional bookmaker model, where the platform sets the odds, and users bet against the house.
While both Realbet Nigeria Betting Exchange and Realbet Nigeria Betting Sportsbook offer avenues for sports betting, they operate on fundamentally different principles. The exchange fosters a peer-to-peer betting environment with dynamic odds and userdriven market dynamics, whereas the sportsbook provides fixed odds and a more traditional bookmaker experience.
It is known that the sports betting in Nigeria is a massive industry with over millions of Naira traded every day, the only model avialable allows bettors to bet against the bookmakers – in this model, the odds are stacked against the bettors. Wheras in an exchange model as introduced by realbet Nigeria, bettors can specify their own odds and bet with each other which invariable results to higher winnings for the bettors.
Mr Samson emphasized that the Realbet Exchange in Nigeria offers greater flexibility in betting options due to its peer-to-peer structure. Users can request odds on specific outcomes, and trade positions before an event concludes, or even hedge their bets to minimize losses or lock in profits.
Realbet Sports Betting Exchange in Nigeria puts the onus of risk management on users themselves. Since individuals can both back and lay bets, they have the freedom to manage their exposure and mitigate risks accordingly.
The realbet Betting Exchange provides highly competitive odds across popular betting markets, including soccer, baseball, basketball, hockey, cricket, football and more. Unlike other platforms, users do not incur premium charges or discriminatory account restrictions for being a winning bettor.
For additional information regarding the Realbet Exchange please visit:
https://www.realbet.ng
Contact
support@realbet.ng
