In the world of football betting, people believe that the outcomes of matches are not random and can be calculated. Last night, I read in the news about a young man from Hai Duong province who attempted suicide by jumping into the river, and another young man who climbed an electricity pole threatening to kill himself, demanding that his parents pay for his betting debts. The World Cup is happening everywhere, and many people want to place bets to make the game more enjoyable. However, there is a fine line between "making it more enjoyable" and "no longer enjoyable" and being in debt. I had the opportunity to study football betting from the perspective of a developer rather than just a player. I hope my insights will help you understand this field better and win against the bookies. Yes, if you understand, you can win!

I plan to share my insights in three parts:

Part 1: Basic concepts in football betting.

Part 2: The operating model, organization, and management of football betting.

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Part 3: Game theory, statistical probability, and how to win.

Basic concepts:

These are the basic concepts that you may have seen somewhere on the Internet. I will summarize them briefly to help you quickly grasp the basic keywords for the following parts.

Bet, betting: Wagering (or gambling, betting).

Real-time Betting: Wagering in real-time. Bookies have discovered that players tend to place more bets just before and during the match because they can observe the match and have more "confidence" to place their bets. Real-time betting generates a significant amount of revenue, but it also requires a very good operating system and, more importantly, the ability to provide real-time odds.

Bookies: The entities that offer betting services.

Odds: Also known as the "line" or "point spread."

Fixed Odds: A betting line that does not have a handicap.

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Real-time Odds: Betting odds that are adjusted in real-time.

These are the main keywords in professional football betting. If you participate as a player in Vietnam, you may also need to know some other slang terms such as:

Nổ: A slang term for a winning bet.

Rung: A slang term for a close call or a nearly missed bet.

Xiên: A betting method involving multiple bets on different matches.

Đâm, Xả kèo: Betting heavily at the end of a match to recover losses or reverse the outcome.

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The focus of sports betting is to understand odds, which are the various types of bets offered. In a football match, there are many different types of odds, which can be broadly divided into two categories: Asian Handicap (AH) and non-handicap odds.

Non-handicap odds include:

• 1x2 (betting on win, draw, or loss)

• Even/Odd: whether the total number of goals scored is even or odd

• Total goals: betting on the total number of goals scored falling within a certain range

• Correct score

• First team to score/last team to score

• Corner kick or yellow card betting

Asian Handicap odds include:

• Over/Under (O/U) betting: betting on whether the total number of goals scored will be over or under a certain number

• Handicap (HDC) betting: betting on the margin of victory. Common handicaps include half-goal, one-goal, one-and-a-half goal, two-and-a-quarter goal, and so on.

It should be noted that sports betting is currently illegal in Vietnam.

Despite the legal risks, many people still choose to place large bets on football matches, often ranging from hundreds of millions to billions of Vietnamese dong. This is because in sports betting, football has the greatest allure, with both players and bookmakers believing that the outcome of a match can be calculated and predicted, rather than being random. This strong belief allows people to take bigger risks with their money.

In Part 2, I will share how the global sports betting network operates.