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Betting on football, what is it? 5 Common types of bets for beginners

What is football betting that attracts a large number of players, both in traditional and online forms of gambling? Without keeping you waiting, let's explore together with Wintips sporty trader the most popular online wealth-building discipline today!


What is football betting?

What is football betting? It is a way of placing sports bets on a football match or a football tournament, typically done online. Players participate by accessing betting websites on the internet.

Bookmakers are organizations that provide betting odds, handicap odds, and payout winnings to the winners, while also taking a percentage of the placed bets.

Is online football betting legal in Vietnam?

What are the regulations regarding football betting?

Originally, Vietnam has not been very open to any form of real-money gambling. However, our country still has legal policies for football betting.

Players must adhere to the rules to be considered legal in football betting:

  • Participants must be 21 years old or older and have full civil capacity.

  • Participants must follow the principles outlined in regulations related to this form of real-money betting.

  • Business owners and bookmakers must also adhere to principles strictly, ensuring legality, safety, and credibility.

Organizing football betting activities is becoming increasingly diverse and complex in Vietnam. Managing these activities can be challenging and complicated. Nevertheless, our government always closely monitors these activities and takes strict action against those who violate state regulations.

Thanks to this, players can have some peace of mind when participating in legal bookmakers. It is essential to thoroughly understand the regulations regarding football betting to avoid unintentionally breaking the law.

So, is online football betting legal?

With traditional football betting losing its popularity, the emergence of online bookmakers has heated up the market. People have started getting acquainted with what football betting is and how it is being legalized.

At present, online football betting has become a popular choice for many. This form provides safety, ensuring that all personal information is secure. Therefore, individuals no longer worry about being scrutinized by authorities.

As mentioned, larger countries have leveraged and enacted numerous policies to legalize football betting. This is because the revenue generated from these betting activities is often substantial. If not properly managed and legalized, the unregulated flow of money can pose significant losses to the national economy.

For this reason, the Vietnamese government has taken positive initiatives, loosening the restrictions on traditional forms of betting. People can now feel more at ease when participating in football betting and online gambling activities.

What are the 5 common types of bets in football betting?

Asian handicap bet

Similar to its name, this is one of the football betting options originating from the Asian betting community. However, in recent years, it has expanded and become increasingly popular, even in developed European countries. The most notable evidence is that, compared to European odds, Asian Handicap betting offers only two options, meaning there is no draw.

The Asian Handicap, or simply "Handicap," is renowned for its exciting handicap betting style. Specifically, when the strength of the two teams in a match is uneven, the stronger team will have to give a handicap to the weaker team, such as giving a 1-goal, 1.5-goal handicap, or conceding half a goal, etc.

What is a 3-way bet in football betting?

3-way bet, also commonly referred to as the 3-way market, can be considered one of the most universal and straightforward types of football betting. This is because you only need to place a bet on one of the three possible outcomes that you think has a high chance of winning.

To provide a clearer understanding of the nature of the 3-way bet in football betting, the article will use the example of the European football odds (1X2). This type of bet is similar to the 3-way bet. When participating in betting, you choose either the home team (1) to win, a draw (X), or the away team (2) to win.


Naturally, you only win when the outcome you selected is correct. If the other two outcomes occur, you will undoubtedly lose. Therefore, if you want a higher winning rate, it's advisable to learn various soccer hot tips related to placing bets on 3-way odds.

Furthermore, it's not just the European odds that represent the 3-way market; bookmakers offer various forms of 3-way bets to cater to the convenience of players in placing bets.

Double chance bet in football

Similar to the three-way bet, this is also a pure type of bet among football betting options. In this type of bet, players choose two out of three possible outcomes, thereby enhancing their chances of winning.

However, it's essential to note that the rule of play for this bet is that if additional odds are added, the payout will be lower compared to selecting just one outcome. Here are the betting options for the double chance bet:

1 or X: Betting on the home team to win or draw with the away team.

1 or 2: Betting on either the home team or the away team to win.

X or 2: Betting on a draw or the away team to win.

Both teams to score bet

For this type of bet, you will place a bet on one of two possibilities. Specifically, the possibilities are "Yes" and "No" regarding whether both teams can score goals or not.

To help you understand better, here's an example. Let's say both teams score goals. In this case, it's evident that those who choose "Yes" will win. If either of the two teams fails to score a goal, or if the entire match remains goalless, then "No" will be the winning outcome.

What is an over/under bet in football betting?

When it comes to one of the most popular football betting options today, it's impossible to overlook the over/under goal bet. It is a highly enticing type of bet that many football enthusiasts appreciate.

This bet is known for its element of chance. However, thorough understanding of the rules will help you achieve more victories. In this type of bet, you are wagering on whether the total goals scored by both teams in the match will be an even or odd number. If the final result is an even number, those who bet on "even" prediction football win, and vice versa for "odd."

The article has provided you with information about the top 5 popular football betting options, hoping it will enhance your understanding of football betting.

Which online football betting sites are reputable and high-quality?

Since Vietnam officially issued a decree allowing players to participate in international football betting activities, many reputable football bookmakers around the world have planned to develop their market in Vietnam. Among them, Wintips stands out as a notable example.

Currently, Wintips is considered a trustworthy platform for online football betting, highly praised and chosen by a large number of bettors. Choosing Wintips, you can be completely assured because:

  • It is a well-established and reputable betting brand with a large community of daily and hourly football bettors. The payment and transaction processes are safe, secure, and convenient.

  • Wintips offers a diverse range of betting options, standard odds, and accurate real-time updates.

  • There are always various attractive promotions and incentives for football betting enthusiasts. Additionally, users receive daily cashback.

  • Wintips provides fast and efficient withdrawal and deposit processes. After winning a bet, users can quickly withdraw their winnings to their bank accounts.

  • All major football matches worldwide are thoroughly updated, making it easy for users to reference and place bets.

Conclusion

I hope the article provides the information you are seeking about what football betting is. Wintips is a place you can trust, offering you an excellent experience in football matches.


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