Most Popular eSports Bookies in Vietnam

There are already a number of licensed and reputable Vietnamese betting sites operating in Vietnam. However, choosing the best site is ultimately a personal choice based on users' preferences. One of the most popular and influential esports games in the country is League of Legends.

This game is a battle arena match-up where players compete as different champions in teams of two. The game started as a modification of another popular esports game in the country, Warcraft III. Since then, it has only grown in popularity, and it is now one of the preferences for punters in Vietnam.

Most Popular eSports Bookies in Vietnam
Vietnamese esports betting

Vietnamese esports betting

E-sports has always been classified as a medium with a sub-culture audience, owing to its origins in gamer culture. Unlike conventional sports, however, individuals are drawn to e-sports because of the metaverse surrounding these popular games. There are many unique external influences such as individual player styles, team strategy, and social opportunities.

Vietnamese punters can be entertained while also creating identities, content, and bets through e-sports. There has been enormous growth in e-sports betting, as well as much more general awareness, as access to technology improves.

Although playing CS: GO competitively differs from playing a strategy game, it rewards strategies and ability in the same way. Other well-known titles, including PUBG and Fortnite, are also popular among the best esports betting sites Vietnam has to offer.

Vietnamese esports betting
History of esports in Vietnam

History of esports in Vietnam

For a long time, betting has been a common activity among Vietnamese people. This is despite betting activities being prohibited in the country for generations. Vietnamese punters had to bet on their favorite sports through unlawful foreign betting sites and illicit bet shops until recently.

In 2017, the government attempted to legalize betting on international football, horse races, and greyhound racing in an effort to combat illegal betting. The National Assembly later passed a bill to legalize sports betting but under tight government supervision. So far, this law has helped to regulate the betting industry, but it is still unclear on several key issues.

Despite the government's efforts to regulate the online sports betting industry in Vietnam, the black market remains a significant part of the country's betting industry. It is estimated to have a market value of several billion dollars.

The Vietnamese government has been regularly cracking down on major illegal betting ring operations across the country. These crackdowns have shut down large operations. The most notable crackdown was one worth almost half a billion dollars. The activities involved two state officials and around a hundred other organizers.

History of esports in Vietnam
Esports nowadays in Vietnam

Esports nowadays in Vietnam

The subject of sports betting Vietnam is a touchy issue. It continues to be a mix-up of legal and illegal activity at the same time. While there are no legal sports betting shops in the country, punters can access neighboring and international betting sites because they are not regulated by the state.

Nonetheless, one should always make sure they are playing at a licensed and legal betting site. The Vietnamese government has been known to block access to offshore sites on many occasions. The most reputable betting sites are secure and regulated by a jurisdiction in which online betting is completely legal.

Future of esports in Vietnam

While it's possible that the government will eventually allow Vietnamese punters to use foreign online sportsbooks, doing so is currently illegal. The government has gone so far as to order ISPs to block many sites, as well as banks and credit card companies to refuse payments to betting sites.

Many savvy sports bettors have found ways to get around these restrictions thanks to modern technology and bet at top-tier offshore esports operators that welcome Vietnamese punters with open arms.

These occurrences indicate that esports betting in Vietnam will continue growing in the future. Rather than fight a losing battle, the government might consider legalizing betting activities so as to also gain revenue from them.

Esports nowadays in Vietnam
What changed in history to nowadays in Vietnam?

What changed in history to nowadays in Vietnam?

Vietnamese people have wagered on the outcome of fish fights since ancient times. This propensity for betting hasn't really faded as the country has grown into the contemporary nation that it is today.

Vietnam's present gaming condition appears to be tough on esports punters. There is a lot to look forward to in the future though. The government has already partially legalized land-based betting and allowed punters to bet on international soccer, greyhound racing, and horse racing events. If this trend continues, Vietnamese punters will soon have a much wider range of legal and regulated betting possibilities.

Because betting is such a popular pastime, the industry decided to try its hand at it online as well. This transformation resulted in substantial earnings and great convenience for the users. It is currently relatively simple to popularize anything using this strategy. Long-time punters, as well as newcomers, have begun to utilize esports betting websites on mobile phones in large numbers.

The drop in smartphone pricing could also be a contributing factor to this unprecedented surge in esports popularity in Vietnam. Payments have been made easier for Vietnamese punters. Similarly, tracking bets among punters has become easier, and bookies have many perks for mobile device punters.

What changed in history to nowadays in Vietnam?
Betting acts in Vietnam

Betting acts in Vietnam

Despite the fact that the National Assembly has authorized some forms of sports betting, it has yet to do so for any form of online betting. Thus, Vietnamese punters have no local options for esports bookmakers. Also, no international internet bookmakers can be licensed by Vietnamese regulatory authorities. That is why Vietnamese gamblers will have to rely on overseas bookmakers who have been licensed by reputable and trustworthy international gaming boards.

The government of Gibraltar, the regulatory body of Curacao, and the Malta Gaming Authority are the most prevalent international licenses that esports bettors register under. Although Curacao licenses may not have the best track record and are not well-regarded in most betting circles, betting at a licensed bookie is still preferable to betting at an unregulated one.

Gibraltar licenses, on the other hand, have a good reputation, and the same can be said for Malta Gaming Authority permits. If an esports bookie is licensed by one of these regulating authorities, users can be confident that the websites in question are legitimate.

Restrictions

Because it is illegal to operate an online sports betting site in Vietnam, all the best betting sites for Vietnamese players are located outside of the nation. It is safe and legal for punters to play on these international sites, as they are regulated in their respective jurisdictions to ensure that they provide fair and trustworthy service.

In the last few years, the legal situation of betting in Vietnam has shifted considerably. The state-run lottery was the only legal form of betting for the majority of the country's modern history. The government has been continually striving to crack down on illegal betting enterprises.

Betting acts in Vietnam
Vietnamese players' favorite games

Vietnamese players' favorite games

Over the last decade, gaming and the eSports industry have grown by leaps and bounds. The popularity of eSports has exploded, from being a recreational activity to being adopted as an athletic event in the Asian Games. These events are always entertaining to watch and attract thousands of spectators. Despite the fact that the eSports industry is growing in popularity, with new games being published every other year, some titles are more popular and dominate the scene than others.

Overwatch is one of the more recent additions to this list of the best esports games, but it is no less successful. Overwatch is a team-based hero shooter in which players take on the roles of several heroes in a first-person-shooter setting. Overwatch has exploded in popularity, with events attracting more people than most major sports. The game is even getting a sequel, but it's unclear how that will avoid dividing the competitive scene.

Dota 2 is also huge, with teams from all over the world competing in numerous professional leagues and tournaments. Valve, the game's developer, oversees the DOTA Pro Circuit, a series of tournaments that give qualification points for direct entry into The International, the game's most prestigious annual tournament.

Punters in Vietnam love these esports because of their ease of betting and wide markets to bet on.

Vietnamese players' favorite games
Payment Methods in Vietnam

Payment Methods in Vietnam

Betting fans in Vietnam place a higher value on their privacy. They will frequently turn to solutions that can manage their financial information while keeping them completely anonymous from both bookies and authorities.

E-wallets are at the top of these payment methods. They are simple to use, which is why they are the preferred banking option for thousands of bettors in Vietnam. Skrill and Neteller, for example, are quite popular and may be used to send and receive money. Skrill's 1-Tap deposit option is a popular deposit-only option. These methods provide a hassle-free experience for those who wager on the go, which is critical in the Vietnamese market given the prevalence of mobile betting.

Vouchers and Cryptocurrencies

Pre-paid vouchers are another popular deposit option, as they are also very useful for people who are concerned about their privacy. There are a variety of options available, but PaySafeCard is the most popular. Few businesses can match cryptocurrencies when it comes to anonymity. They, too, are attracting a lot of interest from bettors in Vietnam.

The payment options offered to punters in Vietnam are determined by the online betting platform. The Vietnamese dong is accepted by the majority of iGaming companies in the Asian country. However, there are notable outliers. Certain websites may only provide EUR and USD, resulting in additional fees after each transaction.

Payment Methods in Vietnam
FAQs

FAQs

Is it legal to gamble in Vietnam?

Some forms of betting are legal in the country. However, most of the activities were forbidden in Vietnam by the communist regime, which saw it as an unacceptably capitalist pursuit. The limitations began to soften in the 1990s, but they remain quite severe to this day.

Are there any limits for Vietnamese gamers when it comes to betting?

Because most websites are prohibited in Vietnam, Vietnamese gamers have different betting limits. Online betting and other types of sports betting are immensely popular in Vietnam, despite the fact that it is technically prohibited and the country has an internet censorship system in place. Sports betting, particularly on football, is by far the most popular.

Are there any taxes on the winnings of Vietnamese players?

If gamers from Vietnam utilize online betting sites, there are no taxes on their earnings.

How can I place an Esports wager in Vietnam?

Real-money betting is the most basic kind of esports betting and is identical to regular sports betting. It is as simple as picking a favorite tournament or event, selecting the market and match, and placing an esports wager. After that, all players have to do is wait for the results.

Which Esports Bets Are the Most Popular?

Every esports genre has its own popular bets. The outright winner is the most common bet, mostly among new punters. Other bets depend on the game format e.g First-Person-Shooter (FPS), Real-Time Strategy (RTS), or Multi-Player OnlineBbattle Arena (MOBA).

FAQs