Despite the strict gambling laws in Vietnam, the Southeast Asian country has a huge gambling market. While betting of any form is heavily regulated in the country, Vietnamese players are prolific sports bettors.
In this article, we will be discussing the nature of the online sports betting industry in Vietnam, as well as the known sportsbooks in the country.
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Can you bet online in Vietnam?
Vietnam has a total population of 100 million, it is no surprise that Vietnam is a huge market in Asia when it comes to online sports betting and casino gambling. While the government is one of the strictest when it comes to regulating illegal gamblers.
However, just like in Thailand and Singapore, offshore betting sites are prevalent in the country, despite the gambling laws being enforced in the country. As a result, the government legalized online gambling in 2017.
Nowadays, it is legal for Vietnamese gamblers to place their wager online. Thousands of offshore and local betting sites have emerged that cater to Vietnamese punters.
Are online sports betting legal in Vietnam?
Vietnam has strict gambling laws like its neighboring countries, however, the nation has progressed over the years and improved its gambling laws to cater to a lot of customers and to boost the gambling revenue in the country.
Initially, the only available gambling forms in the nation is state lottery and horse race betting. Nowadays, the country expanded its legalization process and included other gambling forms such as greyhound races and international football matches.
To answer the question above, online sports betting is certainly legal in Vietnam but it is heavily regulated under the gambling laws in the country.
What is the best online betting site for sports?
The market is heavily saturated with the best sports beting sites. While some sportsbooks are below par in reputation, some are exalted with their trusted betting services and lucrative offers.
To provide you with a headstart, here are a few of the best sportsbooks in the market.
One of the leading sportsbooks in the world, DraftKings is a reputable site that is considered by many a success story. Along with a Sign-up Bonus for up to $1,050, the site also offers live betting, and a daily dosage of fantasy sports picks.
The Caesars sports betting application is one of the reputable names in sports betting. They offer risk-free wagers for up to $1,500 along with a loyalty program across the games that they offer like poker, slots, and baccarat.
Of course, this list is not complete without BetMGM, which is already a household name in the cá cược thể thao trực tuyến industry. The site offers a lot of niche sports along with popular markets like football and basketball.
What VPN to use for sports betting?
Vietnam has a strict betting law and the government aims to enforce its laws in any way possible. So, it is obvious that local bettors have to learn to use VPN so that the government could not get its hands on the activities of the bettors.
While the market is saturated with a lot of VPNs, not all of them are deemed fit for the industry of online sports betting. To answer the questions above, there is no outstanding VPN tool than ExpressVPN. This tool offers a speedy and safe service that is important in placing online wagers.
The tool also offers other benefits such as a wide scope of influence, compatibility with a lot of devices, can use of simultaneous devices, and the capability to access multiple websites. While owning a betting site in Vietnam is highly illegal, this doesn’t mean that betting is not allowed at all.
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