The Rise of Sports Betting in Africa:
Africa is witnessing a surge in the popularity of sports betting. Geopull's recent survey conducted among Africans in Nigeria, Ghana, Kenya, Uganda, Tanzania, and South Africa revealed that more than 72% of the participants had bet on sports at some point in their lives. It has become a daily pastime for millions of Africans.
Past, Today, and Tomorrow of Sports Betting in Africa
Humans have long been fascinated by the thrill of gambling, dating back to the days of the ancient Romans who would wager on gladiator fights and the Greeks who would cast lots during the early Olympic Games. Even ancient China had state-run lotteries!
Even though Africa is a multicultural continent, with different religions, cultures, languages, and political beliefs, they all share a love of sports. And sports betting has become important to many people as a way to improve their economic situation.
On any given weekend, you can witness a flurry of activity at busy “bet shops” where sports fans gather to place their bets with bookie agents. It’s a fascinating sight to behold, especially given the fact that not everyone has access to online betting accounts.
In this article, we’ll take a closer look at the evolution of sports betting in Africa. We’ll delve into what it used to be like before it became the popular pastime that it is today, and explore how it has transformed over time.
Announcement of the First UBET Betting Tournament in 2023
A new UBET testnet public Betting tournament will kick off again on January 13th and will run for a total of 3 weeks till Feb 2nd. We concluded the last World Cup betting tournament [insert link of the article] and would like to invite all new & past participants to join the upcoming tournament. We will adopt the point system and only the bets within the 3 weeks will be taken into consideration to ensure fairness.
The UBET Sports World Cup Betting Tournament is Here!
We are thrilled to announce that the UBET Sports World Cup Betting Tournament will begin on November 20th and run throughout the FIFA World Cup, with a total prize pool of $2000 USDT to be won. The best part is that there is zero risk involved, so you can participate freely.
Alpha & Beta Quickstart Guide
The UBET testnet public Beta tournaments will begin in October and November respectively and will run until the World Cup concludes. The private-Beta tournament is open to early alpha & beta signed-up members for the purpose of bug testing and the public-Beta tournament is open to the public. Even better! Throughout the tournaments, you can win up to $2,000 USD Polygon in total prizes. Everyone will receive 500 UBCKS (fictional money) and 1 Testnet MATIC. The goal is to finish at the top of the leaderboard in each round.
How Blockchain Sports Betting Solves the Cash-out Process?
The primary intent of sports betting was to reward fans for their passion and the risk they took on the bet, but the current centralised betting system has ensured this remains a far cry. Hence a pressing need for a decentralized betting system.
Why UBET is the Go-To for Sports Betting?
The coming of Web3 has made possible decentralized betting platforms like UBET, whose mission is to address the shortcomings of these traditional bookmakers and create transparent and equitable sports betting environment for all bettors. In this post, we share the 5 reasons why UBET is the go-to for Sports Betting.
Key Reasons Web 3.0 is Needed More than Ever in Africa
The internet has seen explosive growth in Africa in recent years. As a result of this growth, the internet is playing an increasingly important role in African societies, transforming education, business, and social interactions.
Web 3.0: The Future of Sports Betting?
Web 3.0 sports betting opens the door to a new kind of betting system that will gradually do away with traditional bookies.
A Comprehensive Beginner’s Guide to Sports Betting
How Does Sports Betting Work? | How to Read Odds? | How to Find Value When Betting on Football | Sports Betting: Skill vs. Luck? | Other Ways to Invest in Sports Betting
UBET: Introducing a new sports prediction market
UBet Sports is a decentralized exchange for sports betting. We eliminate the house and risk aversion that exists within existing sports betting products.