In practical life, we often come across gambling behavior among individuals, and one common example is football betting on betting sites uk So, what is gambling? How do we understand the concept of gambling? What does the law regulate regarding gambling behavior? Let"s analyze these specific points:

What is gambling? Gambling is the act of using money or other assets to place bets on predicting the outcome of an ongoing or upcoming event, such as sports matches. It can also be understood as a monetary wager on the winning or losing score of a sports game.

Gambling activities are typically well-organized, involving large-scale participation through an intermediary entity. This entity sets the conditions, acts as an intermediary for receiving and paying out rewards to the participants based on the agreed-upon terms. Any form of gambling, regardless of its nature, is considered organized gambling and is subject to legal regulations.

What is football betting? Football betting refers to the act of using money or other assets to place bets on predicting the outcome of a football match that is about to take place, ongoing, or hasn"t concluded yet. Football betting is a widespread phenomenon and a concerning issue in today"s society. This behavior has led to severe consequences, not only for the participants but also for their families, relatives, and society as a whole. Football betting, along with other forms of gambling, will be analyzed in more detail below.

Example: Football betting Analyzing the term "football betting" - In practical life, this term is widely used by individuals engaged in football betting (an online gambling form based on predicting the outcome of a forthcoming football match). The bookmakers (gambling organizations)

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offer specific odds for a match, for example:

Match between Liverpool and Arsenal with the odds of 1/2 for over 2 goals (1/2)

The participants in football betting understand this as follows: If the match ends in a draw with any score, anyone who bets on Liverpool will lose money, and those who bet on Arsenal will win money. Typically, the win-loss ratio is 1:1 (For example, betting 1 million on Arsenal will yield 1 million if they win, and betting on Liverpool will result in a loss of 1 million). In reality, the odds can vary depending on the actual course of the match, and bookmakers adjust the odds minute by minute. Similarly, the "over/under 2" odds are based on the total number of goals in the match (90 minutes + extra time). If the total score is greater than 2 goals (e.g., 2:1; 3:1, more than 2.5 goals), those who bet on "over" will win. If it"s below 2.5 goals, those who bet on "under" will win. There are many other types of bets, such as:

The concept of "first goal" - Betting on which team will score first within the last 15 minutes of the match.

Over/under corner kicks - Betting on the total number of corner kicks in a match.

Specific bets like "Betting on which team kicks off first"...

A "major bookmaker" will have multiple agents (organizations or individuals) participating in the betting network, commonly known as "bookie rings." Each ring has a different amount of money, and from these smaller rings, brokers receive bets from gamblers (football bettors), earning a commission known as "kickbacks." Participants in the betting network receive a commission ranging from 20,000 VND to 50,000 VND for every 1 million VND they earn from the gamblers.

Note: Football betting is a criminal offense under current criminal law and many billion-dollar football betting networks have been busted recently. However, the government has also been exploring methods to legalize football betting, but attempts to pass such legislation through the National Assembly have been rejected.

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Recently, the Government issued Decree 06/2017/ND-CP, regulating business activities in horse racing, dog racing, and international football betting. Those who comply with the provisions of this decree are not considered to have violated the law. However, failure to comply still faces the risk of criminal prosecution for gambling-related offenses.

Legalizing football betting is a trend that has developed in many countries, bringing revenue to the state budget. However, due to various reasons, especially related to public order, security, and social issues, football betting is still considered a violation of administrative and criminal laws in Vietnam, carrying a high risk of imprisonment when these networks are exposed and prosecuted.

What is betting? Betting is a widely used and familiar concept in developed countries such as the United States, the United Kingdom, etc. They have horse racing, dog racing, and individuals participating in betting can freely choose (place their bets). Therefore, the concept of betting can be understood as:

"Betting is making an agreement with each other about the possibility of winning or losing a prediction or a challenge."

Any agreement involving a monetary or material loss in any form is considered organized gambling or gambling. Depending on the nature and extent, it may result in administrative penalties or criminal liability, such as organizing monetary betting in recreational sports such as horse racing, cockfighting, football, etc.

Under Vietnamese criminal law, the term "betting" appears in two offenses:

Point b, Clause 2, Article 265 of the Penal Code 2015, as amended and supplemented in 2017, stipulates the offense of organizing illegal racing: "b) Organizing betting."

Point e, Clause 2, Article 266 of the Penal Code 2015, as amended and supplemented in 2017, stipulates the offense of participating in illegal racing: "e) Participating in betting."

Therefore, in Vietnam, betting is subject to criminal prosecution for the offenses of organizing or participating in illegal races. Worldwide, the behavior of betting is diverse and extensive, extending beyond racing-related matters.