Sports Betting Tips For Novice Punters In Vietnam

April 27, 2020, by Nedim Maric

Sports Betting In Vietnam

As in almost all Asian countries, sports betting is a widespread activity in the life of the Vietnamese. This occurs despite the strong government regulations to which this activity is subject. So, here you will get the tips that every novice punter needs to sports betting in Vietnam.

How To Bet On Sports In Vietnam

In Asia, sports betting and gambling generates fanaticism. Illegal bookies have taken advantage of this through time, producing a lot of money. In this regard, the Vietnam Government has decided to take part in this cake by establishing taxes. Then, instead of pursuing this activity, collecting taxes may bring better results for this nation.

In that sense, the Vietnamese government legalized sports betting since June 2018. Yet, bookmakers are under constant surveillance through specific and strict regulations. A year earlier, the government began to ease conditions. They legalized bets on horse races, greyhounds, and international football.

In 2017, a 5-year program started looking to legalize sports betting. Through this plan, regulations on sports betting would be adjusted and modernized. These conditions include:

Bookmakers must have a minimum proven capital for horse and greyhound racing.
Local punters can only place bets in international matches organized by FIFA. This includes events such as the Copa America, the World Cup, the Champions League, and the Europa League.
You must be 21 or older if you want to bet if you are a Vietnamese citizen. On the other hand, your bets can be within a range of 1,000 dongs to 1 million dongs every day.
These regulations allow Vietnamese to aspire in local casinos for a period of up to 3 years
If you are a Vietnamese gambler, you must have a monthly income of at least 10 million dongs.

Many local punters use online bookies because they can place bets on major tournaments. These competitions include La Liga, English Premier League, Serie A, Bundesliga, and even the MLS. Besides, these betting websites offer excellent odds for basketball, baseball, badminton, golf, cricket, and tennis. Local bettors usually prefer Asian bookies because they support Asian currencies and languages. Most sports bets in Vietnam are aimed at football, and the most common types of bets are 1X2 and Asian Handicap.

In the 1x2 bet, you can bet on the home team victory, the draw, or that the visiting team will be the winner. For this bet, the result that occurs when the 90 regulatory minutes of play ends is taken as valid. Extra times or results of penalties rounds are not included. Another popular type of bet is the well-known Asian Handicap. In this bet, the bookmaker assigns a handicap or point spread to the odds.

Wrapping up

Since 2017, we can say that in Vietnam, sports betting is legal, although not in all sports. Bettors must recognize that the local government began an opening policy. Even though this policy seeks to generate incomes through taxes. But, the Vietnamese government cannot do much to regulate the activity of online sports betting. This is because foreign bookies usually follow international regulations and are beyond the local government control.

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Vietnam