Bets on the outcome of any event (sportive, musical, political, etc.) are called betting and have long been among the top gambling practices around the world.
Bets on the outcome of any event (sportive, musical, political, etc.) are called betting and have long been among the top gambling practices around the world.
Millions of people actively follow football, basketball, hockey matches and other sports, film festivals, musical competitions, elections in order to raise money on the victory of their idol.
Betting is making a stake. One party of the bet (the bookmaker or other gambler within a betting exchange) offers the odds, and the other one (the gambler) accepts. Each event has its own coefficient – the probability of a particular outcome determined by analytics
The higher the probability of particular outcome of an event, the lower is the coefficient. The bookmaker’s margin is obligatorily included into the coefficient, and therefore regardless of whether the client wins or not, the bookmaker always makes a profit.
Bets may be:
Bettors can participate in both offline and online bets, make bets before the start of the event – a pre-match betting or during the game – live betting. Despite the latest global events, online betting market has proven to be stable and flexible, even in spite of the long absence of public events to bet on. VigoLex team advises online bookmakers and assists them to conduct legal and profitable activities in compliance with all the rules of socially responsible gambling.
We’ve had the good fortune to work closely with VigoLex during the past couple of months, and although being a young company, we’ve found their expertise and professionalism to be exceptional.
Levon Nikoghosyan - СЕО PartnerMatrix (Every Matrix)In order to conduct online bookmaking activities, you must have:
This is not a complete list of what is required to conduct an online betting business. You may always contact VigoLex professionals for more detailed information.
According to the legislation of Ukraine, bookmaking activities can be carried out both online and offline – in bookmaker’s offices.
In order to open a bookmaker’s office in Ukraine, you will need:
In order to organize an online betting you will need:
VigoLex team is ready to support and ensure legal compliance of betting, to minimize all possible risks.