What is legal football betting? How is football betting penalized?

Football betting has now gradually dominated the betting market around the world. The advantages it brings obviously cannot be taken lightly. In the markets of some Southeast Asian countries, this is no exception. The appearance of dozens of reputable online bookmakers is proof. However, there are many countries that have and are having some regulations prohibiting gambling in any form. So what is legal football betting? How will unsafe football betting be penalized? All will be deciphered in detail by kingsoccertips expert in today’s article.

What is legal football betting?

In essence, football betting is a form of betting with the bookmaker, specifically you use your money to bet on matches. If we win, we will receive the bonus and if we lose, we will lose the original bet. The rules of the game are quite simple, but the way to play football betting is very diverse and rich. Legal football betting is simply understood as when online bookmakers – players comply with the regulations that the State has given. All activities take place according to the criteria of fairness – legality – clarity – transparency. More specifically as follows:

Regulations for legal football betting organizations

Accordingly, only eligible businesses are allowed to do betting business.

• After completing the investment registration procedures, the enterprise must apply for a Certificate of eligibility for betting business.
• For international football betting business, the Government will allow a business to be allowed to pilot for 5 years.
• After this time, the Government will assess whether the business can continue to operate or not.
• The pilot enterprise of international football betting business must have a charter capital of at least USD 5,000,000 and meet other regulations.
• Investment plan for technology systems, technical equipment and business software to operate accurately, safely and stably.
• Commitment to community support.
• The fact that an enterprise is allowed to organize this type of business must go through the form of bidding for enterprise selection.

Rules for legal football betting participants

Players are difficult to control and numerous. Therefore, a legal participant in football betting does not fall into the following cases:

• Under 21 years old and failing to meet all civil acts as prescribed by law.
• Managers, executives, employees and relatives of managers and operators of betting business enterprises.
• Race Oversight Council members and relatives of Race Oversight Council members participate in wagering races.
• Riders, players, Referees and their families, players, Referees participate in the betting.
• The subjects have an application for the betting business enterprise not to participate in the bet.
• The subjects are in the process of being examined for criminal liability, have not yet had their sentences cleared.
• Persons who are in the process of being documented or observing compulsory educational measures.

How will caught football bettors receive penalties?

According to the decree, football betting is a form of gambling. Accordingly, participants in football betting will be sanctioned in accordance with the provisions of law. Depending on the specific level, the competent authorities will make decisions on administrative sanctions or prosecution for criminal liability. So how will football betting be penalized? As follows:

1. Fine from 50 – 100 USD

• Betting in money or some other form related to property or money in entertainment activities or sports competitions,…
• Gambling by machines, video games or by technological software.
• Illegal gambling in the form of disc jockeys, shrimp nests or other forms of winning and losing with money.
• Sale of tables, publications related to betting lots.

2. Fine from 200 – 400 USD

• Receive deposits, loans or pawns at casinos and gambling venues.
• Concealing illegal gambling acts and activities.

3. Fine from 500 – 1000 USD

• Inviting and enticing others to organize gatherings to gamble illegally.
• Use your residence or other means for the purpose of illegal gambling.
• Place slot machines or gambling equipment and equipment for the business of gambling and betting services.
• Organizing illegal gambling or gambling activities.

4. Fine of USD 1000 or more

• Master lots, titles, bets.
• Organize and release gambling-related products.
• Organize and build gambling networks.
• Organize betting in entertainment and sports activities for the purpose of winning and losing money.

How to recognize a legitimate football betting site?

Currently, just use the search engine on google to see countless football betting sites for players to join. In which, many unreliable addresses were born with the purpose of deceiving players. Therefore, knowing the secret to recognizing the legal football betting site is vital for bettors. According to experts, there will be many ways to recognize a legitimate football betting site, but the following ways are the most prominent that you should learn.

Through the website interface

The interface of the betting website is the first highlight that sympathizes with players. In these legitimate websites, they will design their websites so that they have the most scientific, clear, professional, harmonious and easy-to-see layout.

The particular, betting sites will often have many different languages. This makes it easy for the bookmaker to serve a wide range of players in different countries. Thus, it is possible to bring players the most perfect entertainment quality.

Have a legal business license

Some legal football betting pages will have a section on these documents as proof. This information is usually inserted in the about section or in the footer of the website depending on the design of the interface. When you notice that a betting site does not have these documents, it will definitely not be protected by the law, it is best not to participate.

Some of the types of business licenses that football betting sites need to own are as follows:

• PAGCOR License: This type of license is issued by the government of the Philippines.
• FCLRC license: Equivalent value as PAGCOR.
• First Cagayan License: When there is any case that the bookmaker misappropriated the player, First Cagayan will reclaim justice and settle for the player.
• Isle of Man license: Guarantees players in terms of money, finance.

Various betting odds

Each legal football betting site will have a different way of paying, because of the large capital, they will offer many types of bets with large odds that are very attractive. In contrast to non-legitimate betting sites, they cannot afford to offer many different odds. In retrospect, there are only a few fixed ratios.

The speed of deposits and withdrawals should be fast

For online football bettors, this is very important. Usually the average speed for deposits is 5 minutes, while for withdrawals from 30 – 60 minutes. There are many cases where players make deposits into the account very quickly. However, when you want to withdraw, you face many difficulties, This only appears at illegal betting sites.

Attractive promotions

This factor is quite important for the player’s experience and at legal betting sites, attractive promotions are never lacking.

Conclude

Through this article, surely you have eliminated the anxiety when playing football betting is legal and how will football betting be penalized? Compared to traditional betting, participating in online betting is showing many outstanding advantages to help players be safer. However, you should also select and participate in reputable bookmakers for legal betting and explore multiple sources of football tips to gain valuable experiences. This will help you not encounter the risk of fraud or money booming when gambling. Good luck to you.

See also: How to play football betting with a phone card most detailed?