Making Money On Sports Betting In Vietnam

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Making Money On Sports Betting In Vietnam

July 28, 2020, by Jake Woodward

Sports Betting In Vietnam

Gambling has been prevalent in Vietnam, as in all of Asia for centuries. However, it has never been easy for betting fans in this country to be able to enjoy this activity due to legal prohibitions. In that sense, Vietnamese sports betting fans have always found the secrets to make money on sports betting. Also, bookmakers have always looked for ways to offer their services to their clients in this country.

Making money on sports betting in Vietnam

It was not until recently, in 2017, when the Vietnamese government began the legalization of bets in some sports activities. That was how betting on international football, greyhound races, and horse races were legalized. However, some aspects were not entirely clear. Therefore, the black betting market continues to exist in the country and is a business that generates billions of dollars every year. In that sense, the legal status of sports betting in Vietnam is not entirely defined. You won't find legal sports betting venues in the country. So, if you're a bettor, you would have to look for online sportsbooks.

In this case, you must be sure that the betting site you are using is licensed. This is because the government of Vietnam frequently blocks access to betting websites. However, if you register with a recognized international sports betting site, you can place your bets with peace of mind. Websites such as Rescuebet have international licenses. Besides, they offer excellent bonuses and promotions. In any case, if you have to deal with any blockage when trying to access your online betting site, you can use a VPN (Virtual Private Network). This type of network will give you a virtual IP address in another country so that you can hide your real location. You can pay reasonable amounts of money for this service. There are also free options, although these offer less reliability. Some of these reputable online sportsbooks even allow making deposits and withdrawals in Vietnamese Dong. Also, they support several Asian languages; this supposes a better user experience for local bettors.

Handling your money when sports betting in Vietnam

Online sportsbooks that operate in Vietnam have developed a variety of payment methods for local punters. This way, you will have at your disposal options like local credit cards or bank transfers. Besides, you can use electronic e-wallets such as Skrill, Neteller, and Paysafecard. This latter method is accepted and is very safe to use. The most used payment methods for sports betting online are e-wallets. You can select them once you are logged in your sportsbooks' account by going to the banking option. Then, you just have to enter the e-mail associated with your e-wallet and complete the deposit process. This way, you can recharge your balance.

Finally, we can say that despite the government regulations and sports betting websites' blocking policy, Vietnamese bettors have good options to place their wagers. Online sportsbooks have provided the opportunities that local bettors need for sports betting. Meanwhile, they are taking advantage of a market that produces thousands of millions of dollars.

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