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A "nhà cái" is the Vietnamese term for a malaysia online betting website or an online betting website that specializes in various forms of gambling, such as sports betting, lotteries, and casinos. It refers to organizations, businesses, or even individuals engaged in the business of providing betting services. Contrary to popular belief, "nhà cái" is not responsible for calculating the odds in games. Instead, they act as intermediaries by integrating and offering online betting products from various game providers on their platforms. This means that the odds are determined by the game providers themselves and are constantly updated on the bookmaker's betting boards.
In the market, there are two types of "nhà cái": legal and illegal ones. Legal bookmakers are those that have government backing and operate with licenses issued by authorized gambling organizations worldwide. They are required to maintain transparency, safety, and integrity in all transactions. Some popular legal bookmakers include Fun88 (based in the Philippines), BK8 (based in Curacao), and VN88 (based in the Philippines). On the other hand, illegal bookmakers operate without recognition or proper licenses, and they may lack transparency and potentially scam players. These illegal bookmakers often derive their odds from reputable legal bookmakers.
What is a "nhà cái bóng đá" (football bookmaker)?
A "nhà cái bóng đá" refers specifically to bookmakers that operate in the field of football betting. These bookmakers set the odds for all types of football bets, accept and collect bet amounts, and pay out winnings to players. The negative consequence of football bookmakers is the emergence of an underground world within the football industry involving players, coaches, and referees.
Football bookmakers typically do not make money by placing bets themselves. Instead, they charge transaction fees for processing customers' bets. They calculate the odds they will gain in an event using statistical data or complex computational models to ensure their profitability. They are primarily concerned with issues related to money flow (such as players' betting patterns) and the discrepancy in odds. Occasionally, these calculations are based on models developed by casino gaming experts or risk calculators.

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Football bookmakers often highlight the football teams they believe will easily win to attract more bets. Each sports event has different betting odds and varying levels of odds discrepancy. Other unpredictable factors in football, such as bad weather, player injuries, and players' performance during a particular period, can also affect the betting odds. The goal of football bookmakers is to maintain balance by adjusting the odds as much as possible to ensure a consistent number of bets placed with the bookmaker. If they can maintain this balance, they can earn transaction fees. However, if there is one-sided betting on a particular team or outcome, the bookmaker runs the risk of losing money.
What are "nhà cái" from Europe?
"Nhà cái" from Europe refers to bookmakers that have legal business licenses granted within Europe (EU). The business licenses from authorized gambling organizations in Europe are the first and essential requirement to differentiate European bookmakers from those operating elsewhere. This factor also ensures that the origin of these bookmakers guarantees the supervision and monitoring of all activities, protecting the rights and interests of players. Online betting websites with certifications from Europe can gain players' trust and have the potential for long-term development, as the market demands a high reputation for a betting brand.
Here are some popular European bookmakers (note: this is a list of common European bookmakers and not an endorsement of any specific football bookmaker):
One88: One88 is an online bookmaker originating from Europe and headquartered there. It is granted a legal operating license by the Gaming and Interactive Authority
The legal consequences that can be encountered when participating in gambling through general online betting sites and European betting sites in particular

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Currently, engaging in gambling activities through online betting sites in general and European betting sites in particular, specifically sports betting, is determined as a prohibited act under the law. Individuals involved in gambling activities may be charged with gambling offenses and may face administrative penalties or even criminal liabilities, as follows:
Administrative Penalties
Based on Point d, Clause 5, Article 28 of Decree 144/2021/ND-CP, the regulations are as follows:
Unlawful gambling activities
... 5. A fine ranging from 10,000,000 VND to 20,000,000 VND shall be imposed for one of the following acts of organizing gambling:
a) Controlling the lottery;
b) Organizing the production, issuance of lottery charts, or other publications for lottery gambling;
c) Organizing a network for selling lottery numbers;
d) Organizing betting on sports competitions, recreational activities, or other activities for gambling or monetary gain.
Therefore, individuals involved in online sports betting may face administrative fines ranging from 10,000,000 VND to 20,000,000 VND. This penalty applies to individuals, while organizations that violate the law may face double the amount of the fine.
Criminal Liabilities
Based on Article 321 of the 2015 Penal Code (amended by Clause 120, Article 1 of the Law amending the Penal Code 2017), the regulations are as follows:
Gambling offenses
Anyone who engages in unlawful gambling activities in any form involving an amount of money or property worth from 5,000,000 VND to below 50,000,000 VND, or below 5,000,000 VND but has previously been fined for this offense or violated the provisions of Article 322 of this Law, or has been convicted of this offense or the offense stipulated in Article 322 of this Law without their criminal record being expunged, shall be subject to a fine ranging from 20,000,000 VND to 100,000,000 VND, non-custodial reform for up to 3 years, or imprisonment for 6 months to 3 years.
Offenders in the following cases shall be imprisoned for 3 to 7 years:
a) The offense has a professional nature;
b) The money or property used for gambling is worth 50,000,000 VND or more;
c) Using the internet, computer networks, telecommunications networks, or electronic devices to commit the offense;
d) Committing a dangerous recidivism.
Offenders may also be fined from 10,000,000 VND to 50,000,000 VND.
Therefore, the penalties imposed may vary depending on the level of violation committed by each individual.
The above is an article providing answers to the terms "What is a betting site? What is a sports betting site? What are European betting sites?" compiled and edited by Luat Minh Khue Law Firm. We hope that the provided information is useful to readers. Despite our efforts in editing, errors may occur, and we sincerely appreciate contributions from our esteemed readers. Thank you.