Forms of football betting

Forms of football bettingFootball betting at top asian bookmakers is a widespread phenomenon and also a concerning and condemnable issue in today's society. This is because the act of football betting has led to serious consequences, affecting not only the participants but also their families, loved ones, and society as a whole. So, what is football betting? What are the forms of football betting? The following article by Luật Thành Công will address these issues.

What is football betting? Forms of football betting?

What is football betting?

Firstly, football betting is a term used to refer to the act of using money or other valuable assets to place bets on predicting the outcome of an upcoming or ongoing event that has not yet concluded.

Football betting involves using money or valuable assets to place bets on predicting the outcome of a football match that is upcoming, ongoing but not yet concluded, or without a final result. It is represented by the participation of two parties: the bookmaker and the player. The player, who places the bet, predicts the outcome of the match. The most common form is betting on the match score, along with placing bets on the number of corner kicks, the number of yellow cards given by the referee, and so on. The football bookmaker will provide specific odds for a match, for example:

The match between Manchester City and Manchester United has odds of 1/2 and an over/under of 2. The betting odds imply that Manchester City will give a 1/2 handicap to Manchester United, which means if the match ends in a draw, the bettor who placed the bet on Manchester City will lose money, while the one who bet on Manchester United will win.

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Usually, the win-lose ratio is 1:1 (for example, if the two teams draw, the bettor who bet on Manchester United with 1 million will win 1 million, while the one who bet on Manchester City will lose 1 million). However, in reality, the odds may change based on the actual progress of the match, and the bookmaker will adjust the odds minute by minute during the match (meaning that betting on Manchester United with 1 million may only result in a win of 900 thousand if the bookmaker assesses that Manchester City is being pressured by Manchester United at that moment, or vice versa). As for the over/under odds of 2 (1/2), it means that if the total score of the match after 90 minutes of official play plus additional stoppage time is greater than 3 goals (2:1, 3:1, etc., more than 2.5 goals), then the person who bet on over will win, otherwise, if it's below 2.5 goals, the person who bet on under will win. In addition, there are many other different forms of football betting, such as:

"First-to-score" bet: Betting on whether a team will score within the final 15 minutes of the match.

Corner kick over/under bet: Betting on the total number of corner kicks by both teams in the match.

Betting on which team will win a season, which team will be relegated, which coach will be fired.

Therefore, football betting is considered a form of gambling and, of course, is in violation of the law. However, in cases where the parties involved in football betting wager a small amount and the purpose of the bet is solely to enhance the excitement of the match, without aiming for profit, they will not be penalized for administrative violations. If the football betting involves an amount equal to or exceeding 1,000,000 Vietnamese dong or if the subject has been administratively fined for gambling activities, organizing gambling, or has not had their criminal record related to gambling or organizing gambling cleared, they will be criminally liable for the offense of "gambling" and may be sentenced to non-custodial reform or, in more serious cases, imprisonment. If the football betting is below 1 million Vietnamese dong and does not fall under the aforementioned circumstances, it will be subject to administrative penalties for gambling activities.

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Criminal offenses related to football betting on social media platforms are becoming increasingly complex, especially during the period of the 2022 World Cup. In recent times, the police have continuously discovered and dismantled numerous gambling rings in general, and specifically online football betting rings involving billions of dong, and even several football betting rings with amounts reaching tens of thousands of billion dong.

Therefore, if any individuals or organizations suspected of being involved in football betting or gambling are detected by citizens, it is necessary to promptly report and inform the nearest police agency or report via the hotline of the Criminal Police Department under the Ministry of Public Security (phone number: 0692348569) so that the competent authorities can take investigative and enforcement measures, dismantle the gambling rings, and prosecute individuals and organizations engaging in unlawful football betting activities, thereby contributing to the healthy and safe development of society.