Current Football Betting Laws in Vietnam
It can be said that the football betting market in our country is currently bustling with various tournaments. Exciting matches are continuously taking place for players to join. Football betting laws in Vietnam aim to protect the interests of participants. Let's explore the football betting laws in our country together with the betting website - win tips bet.
Responsibilities of Bookmakers in Organizing Football Betting
Bookmakers are responsible for providing information about venue locations, match reports, match schedules, playing positions, participating teams, and team coaches. This helps players conveniently update notifications and accurately understand the tournaments.
If a match is postponed or stops playing after 12 hours, it will be considered invalid. Bookmakers have the responsibility to decide on refunds for bets placed on matches canceled or postponed, ensuring the legal rights of players.
According to football betting laws, bookmakers allow players to place bets until the last minute of the match. Extra time will depend on the bookmaker's regulations.
The match score and related reports are continuously updated by online bookmaker from the start of the match until its conclusion.
In the situation where bookmakers allow live betting during the match, bets will be automatically canceled when the final whistle blows.
Football Betting Laws for Participants
Bettors must have complete documentation to prove their legal rights when participating and submit documents according to regulations.
Only those who are 21 years old or older can participate. They must have full legal capacity according to Vietnamese law.
The maximum betting amount is 1 million VND per day per player, and the minimum bet is 10,000 VND at licensed bookmaker addresses.
You can withdraw your funds as desired if you fulfill all the conditions set forth by the law.
You will be guaranteed rights according to Vietnam's football betting laws, such as the right to litigation and reporting if cheated by bookmakers.
Read more: who is a bookmaker? How do they operate?
Taxes must be paid according to Vietnamese law.
Other Football Betting Laws
Here are some other football betting laws that we have compiled for your reference.
betting laws - Football betting laws in Vietnam
betting is also commonly used in online football betting. According to Tài Xỉu football betting laws, players lose their betting rights when there are only two minutes left in the match. The most common betting period is 30 minutes. Explore reputable bookmakers for more safe betting options.
In this form of betting, pending bets will be officially canceled when a goal is scored or in the event of a missed penalty kick. Pending bets for the match will be considered during a safe period.
Football betting laws in Vietnam for official and unofficial matches
According to football betting laws, bookmakers will not accept a match if there are any changes from the announced schedule, such as changes in playing time or venue. These factors significantly affect the outcome of wins, losses, or draws. To prevent fraud in betting, all bets for such matches will be rejected.
When football tournaments are canceled, postponed, and not rescheduled within 12 hours from the time of the match, all bets on these matches are canceled.
The odds will not be accepted by bookmakers if there are changes in the match, such as changes in venue, away team name, or home team name, announced incorrectly.
For bets that are canceled due to the reasons mentioned above, bookmakers are responsible for deciding to refund the betting amount for the matches according to the amount the players placed. Players can withdraw funds after winning bets.
Football betting laws when results are not accepted or canceled
For online football betting, bookmakers apply various betting methods. Bets can be placed for the first half, second half, or the entire match.
For first half betting: Bookmakers will only consider the match result during the first half. However, if the first half of the match is canceled, all related bets will be canceled.
If the result is canceled in the second half, bets for the first half will proceed as usual.
Calculation of betting time in football betting
The football betting law is simply that players can place bets during most of the match time, even until the last minutes of the match, including extra time. However, each football betting website has different regulations in this regard. You need to study carefully before placing orders.
When the referee blows the final whistle signaling the end of the match, most pending bets will be automatically opened. All bets after this time will not be recognized.
Results in extra time will not be recognized by bookmakers for football betting odds unless there are special circumstances.
We hope that the detailed information shared by the football betting website - Wintips above will help you understand more about the experience of analyzing odds and football betting laws in Vietnam. Basic football betting laws will continue to be updated, and you should regularly refer to the information every day for easier participation in betting! Thank you for reading.