What are the types of betting? How to place a bet on international soccer legally in Vietnam?

Hello, Lawnet would like to respond as follows:

1. What is betting? What are the types of betting?

According to Clause 1 of Article 2 of Decree 06/2017/ND-CP regulates betting and types of betting as follows:

“Betting” means a kind of gambling where the gamblers predict the results of sport or entertaining events to place bets. Bettors who make a correct prediction shall be pay out in cash or in kind which may be converted into cash depending on the results of the event according to the betting rules.

According to Article 5 of Decree 06/2017/ND-CP, there are 03 types of betting, including:

- Horse racing betting.

- Greyhound racing betting.

- International soccer betting.

2. Person eligible/ineligible to be a bettor in Vietnam

According to the provisions of Article 7 of Decree 06/2017/ND-CP regarding bettors:

- Person eligible to be a bettor

Bettors shall be at least 21 year olds and have fully legal capacity as prescribed by law.

- Persons not allowed to place bets:

+ Persons not satisfying the requirement specified in clause 1 of Article 7 of Decree 06/2017/ND-CP;

+ Managers, directors and employees of bet-organizing enterprises and their parents, spouses and children must not place bets through the enterprises they work for;

+ Members of the Race surveillance councils of horse races or greyhound races and their parents, spouses and children must not place bets on the races which are under their surveillance;

+ Jockeys, players, referees and their parent, spouse and children must not place bets on races and soccer matches and tournaments that they participate or control;

+ Persons whose parents, spouses or children who have fully legal capacity or who themselves request the bet-organizing enterprise to prevent them from placing bets;

+ Persons who are liable to criminal prosecution or have incurred penalties which have not been expunged; persons who are incurring the measure of education at reform schools or rehabilitation centers.

3. How to bet on international soccer legally?

- First, the person participating in the bet must be eligible to participate in placing bets in Section 2.

- Second, it is necessary to find out and determine whether the international soccer betting business has a full certificate allowing this type of betting business or not.

- Third, must comply with regulations on the rights and obligations of players.

According to Clauses 3 and 4, Article 7 of Decree 06/2017/ND-CP, the rights and obligations of bettors are regulated as follows:

Bettors shall have the following rights:

+ Get their wins certified and fully paid out by bet-organizing enterprises according to the announced betting rules;

+ Any bettor being a foreigner or a Vietnamese overseas citizen who wins a bet may buy foreign currencies at a bank which is eligible for foreign exchange transactions to transfer such money abroad according to law on foreign exchange control;

+ Have lawful rights arising from the placement of bets and the confidentiality of personal winning information protected by law;

+ File complaints against the enterprises or denunciations of prize payout results and cheatings and violations committed by the organizing enterprises and relevant entities;

+ Enjoy other lawful benefits prescribed in laws and the announced betting rules.

Bettors shall have the following obligations:

+ Present identity papers to prove the eligibility to place bets at the request of competent authorities;

+ Comply with law on betting business and the announced betting rules;

+ Fulfill tax obligations towards the State under applicable laws on taxes;

+ Not commit frauds in the course of bet placement;

+ Keep the bet tickets to receive winning prizes.

Thus, the above conditions must be met to be considered legal international soccer betting.

Key word: bet | betting | in Vietnam | Vietnam | bettor |

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