Online Sports Betting in Vietnam

Sports Betting in Vietnam

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Sports betting is now legal in Vietnam. On June 4, 2108, the National Assembly of Vietnam passed the bill legalizing betting on sports on conditions that it would still be under the close monitoring of the government to prevent a rise in the gambling problem of its locals.  While the law is still fresh, there are certain provisions that are still unclear including the sports categories allowed and the degree of implementation allowed. The law comes after the government released Decree Number 6 last March 2017, which legalized horse race and greyhound race betting, and international football betting.

The government has also previously issued Decree 03 or Decree Number 03/2017/ND-CP, which allows casinos to accept bets from Vietnamese punters for a period of three years. It should be noted that only casinos with a declared total investment capital of at least US$2 billion will be allowed to accept Vietnamese players. The minimum age is also 21 years old and customers must have a monthly income of 10 million dongs.

Is Online Sports Betting Legal in Vietnam?

horse racing game

With the passing of the bill regulating sports betting, it is safe to say that online sports betting is legal in Vietnam. More so, if the websites used by the locals have international licenses and regulations. Punters must, however, ensure that they are placing bets in a betting site that is run by reputable operators and competitive odds. With gambling licenses from their home country, the Vietnamese government can only do little when it comes to regulating online gambling on sports.

Patronizing Online Sites

Despite relaxing the gambling laws, many of the players from Vietnam patronize offshore websites because of the lack of legal betting operators in the country. Citizens find it hard to bet on FIFA World Cup because no sports operator would go through all the troubles of securing a license to host live sporting events that occur only once annually or once every four years. So, the wagers are only limited to horse racing and cockfighting. Those who are not fond of horse racing often place a bet on offshore sites. 

Available Online Sports

Online betting sites catering to locals offer a wide range of live betting events in which punters can place their bets. Aside from horse racing, bets can also be done on a wide selection of games, such as college sports (i.e. basketball and football), NBA, combat sports, and football. For gamblers who do not have solid sportsbook experience, reading online reviews and checking out the operator's reputation and information would prove to be useful. 

What Sports Can I Bet From Vietnam?

soccer ball on field

Many local punters use online sportsbooks because they can place bets on longer tournaments like La Liga, English Premier League, and Serie A. Other sports leagues covered by online bookies include German Bundesliga, and Major League Sports. Some websites even offer great odds for baseball, basketball, badminton, tennis, table tennis, golf, volleyball, and cricket. For many locals, college games are gaining huge popularity. Some are placing bets on sporting lines that feature foreign teams. For instance, many would bet in a game between Arizona State and Washington State. The game result of which team will come out as the winner will often be the one that would have the better odds. 

They find it beneficial to use Asian bookmakers more than European bookies. Asian bookies usually support Asian odds formats, currencies, and languages. Asian handicap betting is also offered. Choosing a sportsbook is the most important part of betting because you have to make sure that your money will actually go to your account on an online sportsbook. 

What Are The Possible Betting Options Offered by Asian Bookies?

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To understand betting options, it is first important to understand the odds. European decimal odds are the easiest to use. Through this format, the odds show the number of times the staked amount will return to you in case you win. So betting 650,000 dongs at a 1.9 odds will give you 1,235,000 dongs. From this amount, your initial stake was 650,000 dongs and your profit is the remaining 585,000 dongs.

Vietnamese sports bettors often place their bets on football so it would be best to limit the betting options applicable for the said sport. The most popular football betting options are:

1×2

This type of betting allows you to bet on the away team, home team, or draw. Each of these has different odds and is only used during the regulation time only. When you place a 1×2 bet, it means that the odds are only applicable during the 90 minute plus stoppage time. Results from a penalty shootout or extra time are not applicable.

Some bookies, however, offer a “to qualify” betting option. This allows bettors to bet on whom they assume will win the match over the course of two legs. In these types of bets, results from penalty shootout and extra time are used. Check the min betting allowed before placing bets, particularly for moneyline.

Asian Handicap

Also known as Kèo Chȃu Á, this type of bet uses a handicap or point-spread to the odds. The Asian handicap has several types, which can be quite confusing. Asian handicaps can be an Even Number Handicap, Draw No Bet, Half Point Handicap, and Quarter Point Handicap. This bet is typically calculated by Home Odds = (1 – p0) / p1 Away Odds = (1 – p0) / p2. The p1 is the chance of a Home win, while the p0 is the chance for the draw and the p2 is the probability of a win for the Away football team. 

For safe bettors, the usual betting would be moneyline since it is one of the most straightforward types of bets they can make.

What Are the Best Online Sports Betting Sites in Vietnam?

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For us, the best online sportsbook is the one where you can have the best gambling experience with ease of placing min bets and tons of bonuses. If you are itching to place your bets, read more information about the best gambling sites for online sports in Vietnam below: 

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Fun88 is a great place for any sports betting-loving fan to visit. This site has a couple of sportsbooks perfect for anyone who wants some sports betting action across a wide variety of odds and lines on major sports leagues. Customers can catch live matches and wager in real-time for maximum excitement. Fun88 is the sports betting site that offers its punters the best sportsbook odds and bets. Plus, they offer some great deposit bonuses so you can make more sports bets. Enjoy sports gambling now on Fun88. 

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Punters can go make big money wins while enjoying their favourite matches through sports bets with online sportsbooks. You can get action like this from W88. They have a number of different sportsbooks that cover a variety of sports for a variety of leagues for some great sports betting. On top of that, W88 even has a virtual sports bet page for extra options just in case there are no interesting live matches available. Again, W88 is a good online destination for your sports betting fix, so visit today. That said, you can be sure that your bets would give you the biggest winnings and an unforgettable sportsbook experience. W88 has the best customer service that will give you a worry-free moneyline bet. 

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The great thing about the Internet is that it has made so many things convenient. That applies even for sports bets fans, and a great place for sports betting is online casino FB88. The site does not just offer live matches to wager on, there are even early bets. moneyline, and parlay bets. Plus, they have some great bonuses to help you get the most out of your bets. Want to place bets on the home team but you are unsure of the odds? Place the min stake possible to try it out. This way, you’ll get the hang of it first. Ready to wager? Visit FB88 for great sports betting and bonuses that would truly give you the best experience. 

Is Online Sports Betting Legal in the US and Canada? 

online sports betting in vietnam

Online sports betting in the US became legal at the same time when regular sports betting was legalized, but it took a while to introduce to the market, with only 20 states legalizing sports betting after the lift of the federal ban on the practice in May 2018. 

If you are wondering which places allow gamblers to place bets on sports online, they are as follows: Colorado, Illinois, Indiana, Iowa, Michigan, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia. You may also utilize mobile app betting options in Nevada State and in Oregon and you may also place your bet online through regulated sports betting sites.

Of the 20 states, eleven offer online sports betting via licensed online sports betting sites or regulated sportsbooks.

Can I Place Bets on an Online Sportsbook?

Yes, you can place bets on an online sportsbook. 

Available in Regulated States

It is important that you should know the places that have available online sports betting with legalized and proper regulation by the gambling industry. This entitles online sports betting operators to accept players locally. Sports betting is legal with transactions on online betting, in-person only, and bills passed but not yet operational.

Before you venture into online sports betting, make sure that you are familiar with the current rules and regulations of the area you are in if they have online sports betting options with their online betting sites. The US has plenty of offshore sports betting sites available everywhere, but be sure to use only the legal and regulated ones. A sports betting site goes through extensive processing of digital wallet and license to provide security for its players.

Online sports betting is legal in Canada. However,  you must understand that you can only place bets on an online sportsbook that has the proper licensing from the gambling commission. Bets on unregulated sites are prohibited. 

Typically, North American locations do not have any issues accessing Asian live sports betting sites. In fact, they can explore tons of sites that offer the best odds and place their bets without worries. 

Available Mobile Apps

You can comfortably place your bets on betting sites with your desktop, as sportsbook operators make sure that their betting site is ready for download on either iOS or Android devices. Almost all apps continue to develop and improve, which can give us more satisfaction with our favorite online live betting site. Many of the casino apps of today accept customers from all over the world, including Asia, Australia, Canada, the UK, and the US. They also have one of the most responsive customer service offerings as a way for them to attract a larger number of players, particularly in the UK. 

Note: If using a mobile app, you still have to check their gambling license. Don’t be lured by their promotions alone. Check information online to see if they are trustworthy. 

How Do You Choose a Trustworthy Online Sportsbook?

question mark on board

When choosing a sportsbook that you want to place your bets on, you have to make sure that they are trustworthy. But, just how do you do that? Here are some ways to help you choose the online betting site where you can deposit money, place bets, and gather your winnings: 

Do Your Research

One of the most effective ways of choosing the best online sportsbook is to do research. There are tons of sportsbook reviews that you can read up on online. Check website has a license from a reputable gaming commission. Don’t just rely on what they claim on their website. Do due diligence and see if what they are stating is true. Some may say that they will have a license from Saudi Arabia in a place that does not exist. 

Take Advantage of Sportsbook Promotions

When it comes to promotions, you have to be careful about what types of bonuses they are willing to give you. Some would offer bonuses that are too good to be true. The best sportsbook bonuses are those that you can actually use when you place your bets. You also have to note that some platforms would require you to make certain deposits and wagering options before you can actually use the bonus for the game. For example, the sports betting site offers a welcome bonus of $100. Before you can actually use it, you have to make at least a $100 bet on a moneyline before they will award you the bonus. Read the fine print stated on the platform. 

Check their Security Measures

Since you are going to play with real money bets in any of their live betting events, you have to double-check their security and safety features. Are they collecting the right data from your cookies? How are they using this information? Do they recommend that you use a strong password? How are they handling your account number? Is there a secure website where you can make your deposit? These are just some of the things that you have to consider when you sign up for an account. Gather all the necessary information to make sure that your account, email, and password are protected at all times. 

See their Game Selection

There may be cases when an online betting site would only offer a limited number of games where you can place your bets. Before you sign up and make deposits, you have to make sure if they are carrying the games that you want to bet on. Of course, the popular games would typically include the NBA and the NFL. But, what if you are more into lesser-known basketball or football games that bring in more competitive odds. They may be quite a few, but there are still sportsbooks that offer lines on less popular games. 

Know their Payment Methods

It is also important to know what deposit method they accept. Are they accepting credit cards? Do they accept a money order as a form of payment? This is important to know because it can be a cause of headaches if you will have to go to a bank to fund your account. Similarly, you also have to know how you can withdraw your winnings from online betting. If you are unsure, you can always message their customer service by sending an email or a chat message before you make a deposit for your account number. 

Confirm Language Options

Betting in an offshore betting platform can sometimes bring better results because they would typically have the best winning odds. However, many find it limiting if the customer lives in a different location with a foreign language. Most sites, however, have English translations particularly if the cookies detect that the customer who places wagers is located abroad. Still, it would be helpful to still check. This way, you will know if you are placing their right bets on the lines offered by the app or the website. 

In some cases, customers may need to use a VPN to access some websites with the best promotions and lines on a variety of games. For instance, customers from the UK may not be allowed to play on an online website for Vietnam because the cookies detect they are in a different location. In such a case, activating a VPN service may be necessary. Once activated, that’s the time when you will see a lot of the magic happens. 

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