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Vietnam welcomes wise bets in sports

Vietnam welcomes wise bets in sports

The betting regulation establishes a maximum in the amount of money played and a list of tournaments and matches available to bet. In football for example, a maximum of VND1 million (USD 47.70) is allowed for people to bet per wager.

It was claimed thay the limit in the amount of money allowed to be played has been established in order to avoid people from spending a large amount out of their income. Deputy Director of the MoF's Banking and Financial Institutions Department, Phan Thi Thu Hien also claimed that the limit for each bet was to foreclose social consequences in order to avoid possible match fixing.

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