Dog Racing Goal123 And The Legal Sanctions For Betting

Dog racing is still quite new in Vietnam, but if we know how to exploit and loosen legal sanctions, it promises to become popular. In fact, the government has discussed and will soon make a decision to manage and develop this type. Let’s find out more with Goal123 in the article below.

Information about the sport of dog racing

Just by hearing the name, we understand that this is a “competition” of dogs. Although it is not popular in Vietnam, in the world, it is considered a competitive industry, bringing huge revenue to the organizing units.

Origin of the sport

The first dog race Goal123 took place in Norfolk, England in 1776, then began to spread to other countries such as Australia, America, New Zealand, Ireland… Now, it has become a popular sport, managed, developed and operated by the World Greyhound Federation. The dog breed used in the races is the world famous Greyhound.

Dog racing has been around since the 1770s

Before becoming “runners”, they were excellent rabbit hunters. Those selected to compete in international competitions must be purebred and must submit a resume to the federation to ensure their origin.

Laws applicable to dog racing

The dogs will be lined up horizontally on the track with an irregular number but not too many to avoid jostling. Normally, a competition will have about 8 dogs. They will stand in cages and when the “start” signal is given, the cage door will open. There will be baits such as stuffed rabbits attached to the track for the hunters to chase, along with the cheers and applause of the audience.

Each race will have about 10 – 12 laps, each lap is 450m long but some schools design the lap to be 485m long. Dog racing does not distinguish between weight classes and is ranked, the lowest is D and the highest is A, winning 3 consecutive laps will move up 1 rank, losing 3 matches will move down 1 rank. Each time the racers are promoted, they will run 1 lap faster.

Popular bets at Goal123

It is just a rabbit hunters race but there are also many attractive bets being implemented. Some can be mentioned:

The most popular dog racing bets today

• Win: Fans bet on the dog to cross the finish line first.
• Place: Bet on the “athlete” to finish in the top group (top 2 or top 3 depending on the bookmaker’s odds). The payout rate is lower than the win bet but is safer and has a higher chance of winning.
• Each – way: Allows players to bet on both win and place at the same time. If your dog finishes first, you win big on both bets. On the contrary, if your dog only finishes in the top as required, you win the place bet.

In addition, there is also the forecast bet – Bet on which two racers will finish first and second, in the correct order. The payout rate in this bet is extremely high but it is difficult to predict accurately so few people participate. Or the over/under bet – predict the dog’s race completion time to be higher or lower than the bookmaker’s prediction. Some bookmakers also offer side bets such as predicting which cage the dog will win or the total number of wins in a day.

Draft to legalize dog racing business in Vietnam

In Vietnam, there have been many drafts proposed regarding whether or not to allow dog racing business. The most typical is Decree 06/2017/ND-CP issued in 2017. However, due to problems, the decree has not yet taken effect, causing negative consequences for society.

Goal123 Dog Racing should be strictly regulated instead of banned completely.

Manage instead of ban

According to Dr. Can Van Luc, worldwide, revenue from games and betting-related activities is up to 70 billion USD per year and is expected to increase sharply to 141 billion USD by 2030. He also commented that the dog racing business has great potential in Vietnam and we should not miss this opportunity. If managed well and effectively, this activity can bring the state 3-5% of GDP.

Instead of banning, we should tighten management. For example, banning subjects such as those who have not paid their debts, are receiving benefits, are in a state of bankruptcy, those who violate the law and are not old enough to play. Betting tickets can be distributed in combination with sightseeing tickets for players to experience, and at the same time, distribute tickets in both direct and online forms.

Greyhound racing betting to be licensed soon

At the workshop on amending and supplementing Decree 06 held on November 28, 2024, many delegates said that dog racing betting should be licensed soon. There have been positive signs, the Thien Ma – Madagui racetrack has been licensed for construction with a total investment of 1,548 billion VND. At the same time, it was approved to add the betting business target.

However, the Deputy Prime Minister emphasized that the racetrack construction must be completed before considering granting a certificate of eligibility for betting business. This is both a driving force and a challenge, but a bright spot from an economic perspective.

This shows that, in the future, dog racing in particular and betting in general will certainly soon be legalized in Vietnam. This is good news for professional bettors, they will no longer have to travel to Cambodia, the Philippines or Thailand, instead, they can participate in betting right in Vietnam.

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Conclude

If legalized, dog racing betting will bring in a large amount of revenue for the state budget. Of course, this activity must be strictly controlled to avoid negative consequences. You can also experience betting on this sport through online platforms. At Goal123, we offer many attractive bets with high payout rates, prestige and transparency. Register today!