VietBet Sportsbook Review
VietBet.eu is a top online sportsbook backed by an ownership group that has been in the offshore business for over 15 years. The 5Dimes Group is one of the most trusted names in the online sports gambling industry. Bettors will benefit from their fast cashouts and superb customer support that service all of their brands.
The company is based and licensed in Costa Rica. In addition to their online sportsbook, they offer a no-download mobile betting option as well. VietBet is an all-in-one gambling site with a heavy focus on Asian markets, with a special focus on Vietnamese expatriates.
- US Players: Yes
- Site founded: 1999
- License: Costa Rica
- Bonus: 20% Free Play
- Bonus Rollover: 3x – 5x
- Last Updated: 08/11/2015
- Mobile Compatible: Yes
- Payment Methods: Mastercard, Visa, Check, P2P Transfer, Bank Wire
- Very reputable parent company
- Great deposit bonus offer with low rollover
- Better odds than most other sportsbooks
- Industry leading bonus with very low rollover
- Reduced juice on many markets
- Wide coverage of US sports and lines
- Asian focus a little disappointing
Deposit Bonuses & Reduced Juice
VietBet rewards players with a 20% free play bonus on every deposit up to $200. The bonus is not credited automatically, but it can be redeemed by contacting support via phone, or through email or live chat. This must be done within 24 hours.
The rollover rate for the sportsbook free play bonus is between 3x-5x, depending on the method used to deposit. These rates are amongst the lowest rollover rates in the industry.
Most importantly, VietBet offers a selection of reduced juice markets for many sports. The lines are posted under the “Reduced” section on the menu. This is a promotion available to all players, and the reduced juice lines are posted on the day of the event. Taking advantage of these discounted prices is an absolute must.
Markets and Odds
VietBet provides bettors with some of the most competitive odds online and a nearly unlimited number of markets and bet types. Just about every sport in the world is available, including soccer, cricket, basketball, and dozens of other markets. Live betting or in-play action is available for much of their menu as well.
Their large list of wagering options is where VietBet truly shines. Parlays, teasers, pleasers, rolling if bets, reverses, round robins and more are all on offer. Bettors can buy points and bet progressive parlays and teasers.
Asian handicaps are a featured type of wager for soccer matches, along with some other sports such as basketball and baseball. These markets are available for just about every soccer match across the world, and VietBet has an extensive list of leagues that span every continent. They reduce the bookmaker’s vig and are one of the most popular wagering options over the past few years. Similar to the run lines and puck lines in hockey, Asian handicaps attach a point spread to a soccer game.
We weren’t too happy with the extent of their Asian markets, however. While bettors can wager on just about every sport in the world, their options that feature domestic soccer and basketball leagues in Asia are severely lacking. Still, their odds are ultra competitive and the site offers some of the best prices online.
Wagering limits vary wildly from one market to another, with some as low as $50 on exotics and propositions to $5000 on major sports. One unique aspect of 5Dimes’ branded books is the ability to wager a nearly unlimited amount on certain markets.
Once bettors wager near or at the wagering limit for a specific bet, the market will reset with updated odds. As long as the market resets and allows bettors to wager more, there is no limit to the amount of times a player can wager on a single wager option. Of course, with the increase in odds, they will certainly be paying for it.
VietBet’s format is the best of both worlds for both recreational and professional type bettors. Their large number of markets and extensive bet types are also amongst the best the internet wagering world has to offer.
VietBet’s customer service team is renowned in the offshore gambling industry for their professionalism. They have several toll free numbers for wagering, to go with their internet bookmaker. Email support is also available.
Most impressively is their live chat option. Many betting sites have live chat support, but their client is not nearly as streamlined as VietBet. Players rarely have to wait longer than 30 seconds for an operator, and they are available 24/7, 365 days a year.
Deposits and Withdrawals
VietBet accepts bettors from nearly every country in the world, so they offer a number of deposit and withdrawal options for players.
The most popular methods are online e-wallets, such as Neteller and Skrill. There are no fees for depositing via e-wallet, and the maximum deposit per transaction is $5,000. Other popular methods include wire transfer and check by mail. These are also free and come with no maximum deposit amount.
Those who are not able to use the above methods due to country restrictions are best off going with a credit or debit card, or a person-to-person transfer. The cards are free to process, but person-to-person transfers come with fees. However, VietBet will refund fees on transactions that are $300 or more.
Bettors should be entitled to one free payout every 30 days depending on their withdrawal method. E-wallet fees are $15 per transaction and are capped at $2,500 per payout. Checks come with an $80 fee but can be sent for a maximum of $3,000 per check. Person-to-person transfers have an $800 max and come with $30-$70 fees depending on the amount sent.
Top Choice for Bettors Worldwide
There are a few drawbacks that come to mind when looking at VietBet. Their betting options are basically limitless, and they have odds on just about every sport in the world. While their menu is not anything futuristic, it is simple to use and error free. Most importantly, bettors have the assurance of being paid.
With a long record of excellence in the industry and competitive odds across the board, including reduced juice, few online bookmakers can match VietBet’s total package. Expatriates and those with a heavy interested in Asian-centric gambling markets don’t need to look any further.