The most basic rules for novice football bettors

Football betting is one of the fundamental knowledge that players need to grasp before engaging in any type of wager. It forms the foundation for becoming successful bettors in the current market. Let's delve deeper into the topic in the following article on the bookmaker forum.

What is football betting?

Football betting is the act of placing bets on predicting the outcome of upcoming or ongoing events using money or other assets. It can also be understood as the ratio of winning or losing unsettled money in a sports match.

Betting activities are usually organized on a large scale with many participants acting as intermediaries and adhering to football betting regulations. The entity sets terms and focuses on receiving and disbursing benefits to participants based on the contract's content. All forms of betting are considered gambling or gambling organizations and must be handled in accordance with the law.

Football betting involves placing bets to predict the outcome of a football match that is either ongoing, yet to be concluded, or in the future, using money or other assets. It is a widespread phenomenon and a pressing issue in society today. This is because gambling has serious consequences, not only affecting the participants but also their families, loved ones, and the whole society.

What is football betting?

Basic rules of football betting

Here are the basic rules of football betting that you need to know before engaging in football betting:

• You must be at least 18 years old to participate in football betting and be legally responsible.
• Players who are not involved in football-related fields, such as players, club presidents, or coaches.
• No issues with mental or nervous disorders.
• You need a betting account to participate.
• You need to have sufficient funds in your betting account.
• Follow the steps required by the bookmaker to place bets (selecting odds, placing wagers, etc.).

In addition to the basic rules of football betting, players need to be aware of the following before participating in football betting:

• If a match is postponed for more than 12 hours, all bets will be voided, and the bookmaker will refund the wagers to the players.
• If the first half is canceled, all bets related to the first half will be voided. If the match is canceled in the second half, bets placed for the first half remain valid.
• Prior to the match, the bookmaker must provide information such as the venue, playing field, match time, and pre-match statistics for players to refer to.
• During matches, the number of yellow cards, throw-ins, corner kicks, odds, etc., are continuously updated to provide players with accurate information.
• If a team cancels the match before it takes place, the bookmaker will promptly notify the players that the bets will be settled based on the official 90 minutes of regular playing time and injury time, according to the regulations of football betting. Extra time is not counted, but if you want to bet on extra time, you can choose a different type of wager.
• For regular bets, players can place wagers until the referee blows the whistle and the match begins. In the case of live betting, players can place bets until the bookmaker blows the whistle to end the game.
• Once a player places and confirms a bet, they cannot cancel it, so it is important to think carefully before placing a wager.
• Players are required to comply with the bookmaker's regulations regarding the amount of their bets, including the minimum and maximum bet amounts.

See more: Explain football betting odds to new players.

Rules of handicap betting

Handicap betting, also known as Asian handicap, is currently a popular type of wager that many people prefer and participate in. Therefore, if you are a new player, it is necessary to choose this type of bet and follow the rules of football betting. In that case, the rules of handicap betting are as follows:

0.25 Handicap:

• If the upper selection wins and you bet on the upper, you win all the money. If you bet on the lower, you lose all the money.
• If the lower selection wins and you bet on the lower, you win the full amount. If you bet on the upper, you lose the full amount.
• In the case of a draw, if you bet on the upper, you lose half the money, and if you bet on the lower, you lose half the money.

0.5 Handicap:

• If the advantaged team wins, you will definitely gain enough money to take the advantage.
• If the lower selection wins or if there is a draw, betting on the lower will win all the money, and betting on the upper will lose all the money.

0.75 Handicap:

• If the upper team is trailing by one goal (1-0, 2-1, etc.), betting on the upper will win half the money, and betting on the lower will lose half the money.
• If the upper team wins by a margin of more than one goal, betting on the upper will win the full amount, and betting on the lower will lose the full amount.
• If the lower selection wins or if there is a draw, betting on the lower will win all the money, and betting on the upper will lose all the money.

1 Handicap:

• If the upper team wins by a margin of exactly one goal, both upper and lower bets will be a push (money returned).
• If the upper team wins by a margin of more than one goal, betting on the upper will win the full amount, and betting on the lower will lose the full amount.
• If there is a draw or the lower team wins, betting on the lower will win the full amount, and betting on the upper will lose the full amount.

Rules of handicap betting

Rights and obligations of participants in betting

• To ensure the rights and obligations of players, it is important to understand the rules of football betting when participating in wagering. If you win a bet, you can request the bookmaker to make a full payment to your bank account. Each bookmaker has a minimum withdrawal limit, and you can usually make transactions at any time.
• When participating in betting, the bookmaker is responsible for safeguarding your personal information and player accounts. If there are signs of fraudulent activities, you have the right to condemn and take legal action to protect your rights.
• Players also have the responsibility to comply with all the regulations set by the bookmaker and Vietnamese law. If there are any violations, you will be fully responsible. Gambling is considered an industry, so you are also required to pay taxes when participating.

When to participate in football betting

You need to understand the mandatory betting regulations to ensure safe and legal participation. Therefore, the Vietnamese government has clear regulations on prohibited forms of gambling.

• Individuals under 21 years old are not allowed to gamble in any form. Those with mental and nervous system issues are also prohibited from playing. This is the most basic thing you need to know.
• Those involved in the organization or business of bookmakers are not allowed to participate in betting.
• Individuals undergoing addiction treatment, in recovery, or facing penalties or criminal liability are also not allowed to engage in gambling.

Please study the football betting laws thoroughly to participate in safe entertainment and protect your own rights as well as those around you.

Conclusion

The above information covers all the relevant current football betting laws that players need to know before participating in betting at bookmakers. Wagering website are licensed by reputable organizations in the market, so you can register a member account there.