COVID-19 Affects Global Sport Betting

Coronavirus-affects-world-sport-betting

Sport betting fans in Lilongwe have expressed worry on the postponement of major football leagues in Europe, on which they mostly bet, over Corona Virus.

The major leagues postponed include English Premier League, Bundesliga, Serie A and Spanish La Liga among others with the aim of curbing the spread of the Virus.

These also happen to be the major football leagues followed by many Malawians.One of the fans affected by the postponement, Patrick Suwedi, who counts K90,000 as his major win said many other customers have been mainly relying on European football markets in their betting.

“The postponement of these leagues effectively means the shutdown of all these European betting markets provided by all betting companies, and many of the remaining markets are mostly from leagues we are not conversant with.” said Suwedi who has been into betting for two years now.

Kyton Kutsanja who is in his 50s and an ardent bettor at a Premier Bet shop in Lilongwe’s Area 3, said the development has also forced him to start betting on league markets they are not familiar with.

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Andrew another bettor said he has not won any money since the postponement of the major leagues and said the markets could further be affected if other leagues are also put on hold.

Some business commentators have described sport betting as a big business opportunity for Africans, though others have cautioned against betting addiction.

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In recent times an Ethiopian refugee based at Dzaleka won big.

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