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Understanding Gambling and Betting in Football

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發表於 2024-1-30 12:38:34 | 顯示全部樓層 |閱讀模式
In our daily lives, it's not uncommon to come across instances of gambling among various entities, with one of the most prevalent being gambling in football. So, what exactly is gambling? How do we define gambling in football? And what about betting? Let's delve into these concepts and explore how they are regulated by the best betting tips app
1. What is Gambling?
Gambling refers to the act of using money or other assets to wager on predicting the outcome of an event that is about to occur or is ongoing but hasn't concluded yet. It can also be understood as a monetary exchange based on predicting the winning or losing scores of a sports match.
Gambling often involves tightly organized, large-scale operations where multiple individuals participate through an intermediary entity. This entity sets the conditions while also acting as the intermediary for receiving and disbursing benefits to the participants based on the agreed-upon terms. Any form of gambling is considered organized gambling or betting and is subject to legal regulation.
2. What is Football Gambling?
Football gambling involves using money or other assets to bet on predicting the outcome of a football match that is either about to take place or is ongoing but hasn't concluded yet.
Football gambling is a widespread phenomenon and is a matter of concern in society due to its serious consequences, impacting not only the participants but also their families, relatives, and society as a whole. Football gambling, often referred to as "cockfighting for money," is considered akin to other forms of gambling, leading to adverse outcomes.
Example: Football Gambling
Analyzing the term football gambling reveals its widespread usage among those who participate in gambling, a form of online gambling based on predicting the outcome of a forthcoming football match.
Bookmakers (entities organizing gambling) provide specific odds for a match, for example:
Match between: Liverpool vs. Arsenal with odds of 1/2 for over/under 2 (1/2)
Gamblers understand these odds as follows: Liverpool gives Arsenal a half goal advantage, meaning if the match ends in a draw with any score, those betting on Liverpool will lose money, while those betting on Arsenal will win. Typically, the win-loss ratio is 1:1 (For instance, betting on Arsenal with 1 million will yield 1 million, betting on Liverpool will result in a loss of 1 million). However, actual odds may vary based on the real-time match dynamics, with bookmakers adjusting odds minute by minute during the match (i.e., betting 1 million on Arsenal might only yield 900,000 if bookmakers assess at that moment that Arsenal is dominating Liverpool or vice versa).
Similar variations in odds include:
  • The concept of "in-play betting": Betting on whether a team will score in the final 15 minutes of a match.
  • Over/under corner kicks: Betting on the total number of corner kicks in a match.
  • Special bets like "First ball possession by a team."
  • Betting on which team will win a season, which team will be relegated, which coach will be sacked, etc.

A "major bookmaker" divides into multiple agents (organizations or individuals) when participating in a gambling network, commonly referred to as "pooling boards." Each board has different amounts of money, and from these smaller boards, intermediaries receive commissions, essentially a commission fee. Participants in the gambling network receive a commission typically ranging from 20,000 to 50,000 dong for every 1 million dong they place in bets.
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5. Administrative Penalties for Football Betting
According to Clause 4, Article 1 of Resolution No. 01/2019/NQ-HDTP: "Individuals committing illegal betting activities are subject to administrative penalties, including fines ranging from VND 20 million to VND 30 million."
6. Criminal Liability for Football Betting
According to Clause 5, Article 1 of Resolution No. 01/2019/NQ-HDTP: "Persons organizing illegal betting activities shall be handled under criminal law if they commit one of the following acts: ...b) Organizing or brokering betting activities with foreign bookmakers and hosting and participating in activities via the Internet, with each case punishable by imprisonment of 3 to 7 years."
Conclusion:
Gambling, particularly in the context of football, is a prevalent yet controversial activity. While it offers opportunities for excitement and potential monetary gains, it also carries significant risks, both legal and personal. Understanding the legal framework surrounding gambling and betting is essential for individuals and society as a whole to navigate this complex terrain responsibly.


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發表於 2024-10-19 11:43:04 | 顯示全部樓層
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