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post-prev a. important;text-indent: 1px! important;color: e7! gif","LzqaR"," ","HiMMv","main-button button l-bt","i. Find a betting site ie cham predictions which you can easily reach so if you have any question and problems they can easily assist you.

You should realize that the people on the betting site are just using their knowledge about the football games but the actual effort should be from the players. Please view this site. The rise of the betting industry in Kenya is there for all to see.

With the use of the ubiquitous smartphone, one can engage in all forms of gaming from the most popular football betting to poker, casino and even dog racing. In this post we will explain how the taxes affect you the player as well as the betting sites.

For example if you place a bet with total odds of 9. The betting site withhold sh. The growth of this lucrative industry estimated at Sh billion annually has dominated talk on the floor of Parliament on numerous occasions. Are you looking for an accurate betting tips site?

we recommend Champredictions. com because of its sure predictions and guaranteed tips. The rate was initially pegged at 35 per cent but was reduced after outcry from stakeholders in the industry. As with every other commercial large company, a further 30 per cent is levied on profits made by the betting companies otherwise known as corporate tax.

However despite the taxes gotten from the revenues and profits of the betting firms, the government was not satisfied. In a bid to curtail the rise of betting described as a sin industry, the state went after winnings won by punters.

A report by the Betting Control and Licencing Board revealed that betting companies paid a drop in the ocean amount of Sh4 billion in taxes despite generating Sh billion in revenue.

There has been a lack of consensus on the interpretation of winnings leading to strained relations between the industry and the taxman. At the core of the issue is the interpretation of betting in Kenya. KRA views the practice of placing bets as a form of entertainment as it does not lead to income generation because it is a consumption.

Thus it in practice taxes the winning of punters when they wage successful bets. The Finance Bill heralded the withholding tax imposed on all gross winnings payable by all sectors governed by the Betting, Lotteries and Gaming Act i.

gaming and prize competitions. Thus winning clients will only be liable for 80 per cent of their winnings. The tax required by the government will be deducted by the betting firm immediately a winning bet is complete. Betting firms have termed the withholding tax as extortionist since it taxes consumption before the consumption actually happens.

Finally, the Gaming Bill passed by Parliament earlier this year provides a steep barrier of entry for betting firms in Kenya with hefty licencing fees to set up base in the country.

New entrants will be required to part with Sh million to the government for gaming securities to serve as a cushion to gamblers should the companies refuse to pay a windfall arising from many gamblers winning from their wagers.

Sports betting is a big industry that is providing an extra avenue for sports lovers to entertain themselves with the prospect of earning a few or millions of shillings in the process.

Champrediction suggests that Success in betting can be mainly attributed to strategy and with it you can make betting become a secondary stream of income.

However punters more often than not let their emotions get in the way of their gambling making them prone to wiping away their fortunes. Learning about the common mistakes will make you less susceptible to them which in turn gives you increased chances of crafting a winning betslip.

Are you looking for a sure betting prediction site to use? Here at ChamPrediction we highly recommend champredictions. com because of their unique features and accurate football predictions. One characteristic about this mistake is changing your waging amount depending on how well or poorly you are doing.

Punters on a hot winning streak often get the irresistible urge to go large and double or risk more because they are feeling confident. On the other hand when one is one a losing streak, they tend to chase their loss on top of trying to add to their original pot to avoid seeing as if they wasted their precious time.

Without giving much thought to the little monies they have, they fail to budget on how much they are willing to spend. Players need to instill in themselves the value of bankroll management. This involves setting aside money you intend to bet on aside from that of your daily expenditure and savings.

This saves you from going bankrupt when faced with the inevitable bad stretch. Another of the major mistakes reckless bettors is the false belief that they are due for something good or positive after betting in vain over a given number of games.

It is the belief that if something happens more often than normal in a period of time, it will happen less frequently in the future. Simply put, it involves making a string of losses and then in this false belief causes you to increase the value of your bets in order to salvage them.

You are also likely to be guilty of betting with your gut instinct and are biased towards betting favourites, home teams and overs in the case of football matches. This bias continues towards teams with a great history behind them of past years, those with the most media coverage and the star layers.

Thus they bet on what they want to happen rather than what they think will happen. When it comes down to the truth, sports betting is simply about cold, hard facts. There is only one reason to place a stake if your aim is to make long term profit and that is when you have identified a genuinely good betting opportunity.

A good approach to betting is to be selective. It is rarely a good idea to regularly make a large number of bets. champredictions Keep in mind that the goal is not to place as many wagers as possible. Rather it is to place the best possible wagers you can. Everyone except an inexperienced bettor knows this.

While you may be on a hot winning streak, the bookie will eventually win out in the course of time. This is especially true in online casino games with the advantage against the punter known as the house edge.

The bigger the house edge, the worse the chances are for a player to win an event over time. Most betting firms have the casino game of online roulette which is a popular pick for players. A study showed that the average house edge in roulette is 5. This means that for every Sh, the sportsbook expects to win Sh5.

There are lots of people who start betting on sports with the unrealistic expectation of turning into millionaires overnight. This gives them a false delusion that simply because they know about Arsenal or Manchester United players for example, they can easily start minting money from their games.

Though it is not impossible to make long term profit from sports wagering, winning is an extremely challenging undertaking that is the preserve of a small and elite section of sports punters.

And as you will soon figure out it eventually runs out and is the exception rather than the rule. But this advice is not to discourage you from trying. If you want a real chance of making money, you have to put in the hard work.

We as champredictions. com ,Even if you avoid the above listed mistakes in your gaming career, it is inevitable that you will slip up and make a few errors. Play by the rules and you will be all right. Learn How This Young 27 Year old gentleman Earned Over USD ,00 to Buy the Car of My Dreams in Just Four Months through Betting.

Do you have enough money? Are you happy with how your life is going? First, a couple of words about myself. My name is Moses. I was born to middle-aged parents. My Mum was a cleaner at a clinic, while my Dad was a mechanic.

When I was little, all I remember was that my parents made every effort to buy the cheapest food and clothes possible.

If they were lucky enough, they would save up a bit to get us new clothes every 2 to 3 years. So I found a job instead, worked as a sales assistant, with a monthly salary around USD It was , and this was just an ok starting salary for a Nairobian. I made some money for living, but I had a dream, which was to buy a brand new Mercedes Benz.

However, this was fine with me. Home of Sure football predictions. com website. They post free odds which you can follow every day and you can as well join their VIP packages at your convenience. Join champredictions today… Read more. The first tip for beating the bookies is a deceptively simple one: Know the tipping website thats giving you the odds.

To have a chance of beating the bookies and making a profit long term, you need to know it. For instance, champredictions. com provides well researched… Read more.

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