In Vietnam “cá cược thể thao” or sports betting is less well-known than in other Asian countries such as China, Malaysia, and Japan. This does not mean it isn’t popular. As in other countries, many Americans and Europeans are now avid bettors in Vietnam. According to estimates, Vietnam is second in Southeast Asia for gambling after Macau. Many foreign companies have set up betting exchanges in Vietnam to capitalize on the increasing number of Vietnamese customers.
Vietnam’s legal framework for betting on sports is still very loose. Although there have been some improvements in the legalization of gambling and the prescribing of laws against it, it is still not a popular topic with politicians. The law against gambling focuses more on corrupt public officials. Although the law against betting on sports is relatively lax, it is often abused by bookmakers.
It is curious to see how the government views gambling, especially from a country that welcomes poker and casino tables. These types of activities are resentful in Vietnam. It is common to hear stories about mafia members moving into areas that host high stakes blackjack and poker games. This is not good news for the government’s efforts to promote gambling and sports betting in Vietnam. Accordingly, the welcome bonus for online betting on sports is very modest.
The language barrier is one reason why online betting has been slow to grow. Most Vietnamese bettors cannot read or write English. Even those who can speak Vietnamese don’t always know where to find the necessary information. Many Vietnamese gamblers face another obstacle to their betting: the refusal of Vietnam to recognize one currency as legal in another. The Vietnamese do not recognize dollars from the United States and Australian dollars. Travelers who want to bet on the NFL in Vietnam will face difficulties because they must have both Australian and U.S. money.
Two ways can be used to assist bettors in finding out the odds for various sporting events. First, consult an expert who can speak both languages fluently. It may prove difficult as not all bookmakers take this seriously. You can also consult the central website of Vietnam’s Department of Culture and Communication. The central website contains information about all Vietnam’s sportsbooks and the odds they offer. If you don’t know much about Vietnam’s betting industry, this is the place to start.
Vietnam’s sports betting market remains untapped. The lack of regulation makes it easy for fraudsters and scammers to exploit the system. It is home to many talented players and teams. Vietnam is a great place to bet on your chances of making a profit. The website of the Vietnam Football Association might also be useful. Small bookmakers have been able to gain market share by monopolizing the betting process. With enough effort, they should be able push the industry to the next level.