List of bookmakers in Armenia

Betting in Armenia

The gambling market in Armenia is going through a stage of change and development, and it can be characterised by several key aspects.

Currently, a significant part of gambling has moved to the online space. There is a growing interest in online casinos and betting. The main audience of online platforms are active participants of offline casinos and customers of betting shops.

Despite the presence of national operators, foreign gambling companies prevail in Armenia. They are attracted by the country’s relatively liberal legislation and insufficient competition from local operators.

The betting and casino market in Armenia is expected to continue its growth. This is due to the expansion of the online gambling and betting format, as well as the increasing number of users who choose online platforms for entertainment and testing their luck.

History of online betting in Armenia

In the mid-2010s, there were 5 bookmaker offices in Armenia: Vivaro (now operating under the VBet brand), Adjarabet, TotoGaming, Eurofootball and GoodWin. The last two, however, have ceased their activities, largely due to the aggressive marketing policy of VBet, which, in fact, turned into a monopoly.

Just imagine: in the most popular Armenian sitcom of the mid-2010s “Full House” (similar to the American Friends), one of the characters was not very natively urging to bet. Something like, “I’m betting at VBet now and I’m sure to win”.
Right now there are only 3 companies operating: local VBet and Toto, as well as Adjarabet – a rather large Georgian company. There is a clear dominant on the market and 2 offices that have their own small audience.

Offshore BCs are formally not allowed to play, but there is a flood of their adverts on the Internet, especially on sports sites. And the adverts are adapted to the user: the banner can be both in Russian and Armenian. And we all realise that, despite the bans, Armenian bettors find ways to play with illegal players.

How betting is regulated in Armenia

Armenia has laws allowing gambling, but only with a licence. There are certain restrictions related to the advertising and operation of gambling establishments. From 2020, casinos and betting offices must be located at a significant distance from educational, historical and cultural sites, as well as from residential areas.

From 2022, Armenia introduced a legislative ban on advertising of online casinos and betting shops in the media and on billboards. Advertising of internet gambling with real winnings is allowed only in four-star and higher hotels, in border zones, at airports, and on the facades of buildings where casinos and betting offices are located. These measures were taken to form a unified policy in the field of gambling business and to fight against gambling addiction.

In addition, taxes on gambling business are being increased in Armenia. For example, companies providing gambling services are obliged to purchase the rights to accept bets worth 238 million euros (100 billion drams) and pay a tax of 175 thousand euros.

? Country	Armenia
? Currency	Euro, dollar
⚽ Popular Sports	Football, tennis, basketball, cybersport
? Most Popular Payment Methods	Visa, MasterCard, Skrill, Neteller, Paysafecard, PayPal, Credit cards

Top 5 casino sites in Armenia

GGbet

GG.BET is one of the most famous brands in the cyber sports betting market. If you follow cyber sports, you should definitely get to know this company. Its orange and black colours often appear on the jerseys of professionals and interface elements of live cybersports broadcasts.

In the GGbet interface, you can switch odds in several metric systems: decimal, American and Hong Kong. There are also the occasional Indonesian or Malaysian systems, but for some reason there is no fractional system here, which is popular in the UK and some other countries.

There is also an interesting feature with a “%” sign. At first we assumed that it was just displaying the odds on the teams winning as a percentage. But it turned out to be the percentage of bets from GG.bet users on any of the odds. It looks like this option could be useful in times when picking a winner may be unclear.

Coverage of tournaments and matches

GG.BET covers almost every known league. This means that not only the most notable events are available – it’s not uncommon to bet on matches within smaller tournaments. GG.BET mainly covers CS: GO (~30% of matches), Dota 2 (~25% of matches) and League of Legends (~25% of matches), with the remaining 20% split evenly between all other cbersport disciplines.

Betwinner

Betwinner does an excellent job at providing betting services. They will provide you with great sporting events such as football, tennis, rugby, formula 1, golf, skiing and horse racing as well as a host of others. With these events you will also have a number of betting markets such as European handicap, correct score, over/under, first team to score, kick off and others.

Many punters see betting as a way to pass the time. This is one of the best ways to spend your time in a useful way, given that there are chances to make money from it. If you have an understanding of individual sports, you can use your knowledge to make predictions.

When it comes to BetWinner, you can bet on a multitude of sports and these include cycling, skiing, football, horse racing, greyhound, golf, formula one, baseball and basketball and a host of others.

For responsible betting you need to see betting as a way of entertainment. Betting in all cases should only be done for fun. BetWinner is committed to responsible gambling and will always help you if your betting habits become a problem for your social or economic life.

Every time you take up betting, you need to have a plan and a strategy that you will strictly follow. One of the things should be to have a budget that you will stick to whether you win or not. One of the worst things you will ever do is to chase your losses. When you lose, accept it and move on. Be disciplined when placing your bets, and you will enjoy playing for a long time without feeling like you are losing your money. Always calculate the money you are willing to lose.

Fairspin

Techcore Holding B.V. – is a Curaçao-based software development company founded in 2018. It creates solutions that include data protection technologies, project management tools, and automated business management systems.

Techcore Holding B.V. launched Fairspin Casino shortly after the founding of this company, and it is still the only gambling site in the gaming portfolio of this software developer. You can browse the Fairspin interface in ten languages, including Japanese. The platform accepts over fifty cryptocurrencies and boasts a gaming arsenal of over six thousand products. It has enticing loyalty benefits for those who choose to call it home, and various slot machine betting tournaments for players with a competitive spirit.

If you’re not careful, you can easily miss the Fairspin bookmaker, which can be accessed by clicking on the Sports link in the top left corner of the screen. When you click the basketball icon or the sports text, you open the Fairspin Bookmaker, a section of this platform that allows you to bet on markets from fifteen sports, virtual simulcasts and various video game competitions. Here, you can place in-play bets and create some sophisticated coupons.

The cyber sports competitions listed on this site include players competing in Dota 2, SC 2, CS: GO, LoL, Rainbow 6 and Valorant. The bookmaker’s interface allows you to choose from six types of odds, as well as use the search function to keep track of relevant matches/events.

Mostbet

As the company is more focused on sports betting, it allows players to bet on international sports in real-time such as tennis, football, football, basketball and ice hockey through its in-play betting mode. Players can view all current matches with real-time odds on the ‘Live’ page.

Wagering Requirements

The wagering requirements on the MostBet gaming platform vary depending on the game content chosen. However, players will find competitive odds on a number of casino games and sports, and more importantly, betting on pre-match shows, sports broadcasts and cyber sports is available. All single, extra, free and accumulative bets can be accumulated under the ‘Coupon’ tab.

In addition, there are around a hundred betting markets available on the platform, offered for specific events. MostBet.com utilises advanced technology to simplify the betting process, with traffic totalling over 800,000 bets placed on the platform every day.

Vbet

Online bookmaking, especially sports betting, has come a long way since the very first official online betting products were introduced in 1996. In fact, the current range of online bookmakers has very little in common with the early online sports betting products.

The continuous development of improvements and innovative concepts applied to online sports betting has resulted in a superior sports betting experience for punters. Compared to any other sports betting format, online sports betting is in all probability currently already offering the best betting experience and solution.

This, combined with other factors such as the widespread availability of low-cost home internet access, has turned online sports betting into one of the fastest growing sectors of online entertainment. This has made it paramount for online bookmakers to provide a superior sports betting experience.

Markets

A holding company regarded as one of the leading providers in the sports betting industry, as well as owning numerous related online gambling establishments, Vbet in addition to its many public betting markets naturally also offers an impressive football product offering a wide range of betting options

Odds

Vbet achieves a distinctly good payout rate of over 95%, which is noticeably in line with the overall average payout rate of over 94%. This, coupled with competitive prices and odds, is a strong argument in favour of the level of commitment the company demonstrates to its members, as well as the overall appeal of this well-established bookmaker.

In the interest of providing an additional level of flexibility and convenience to its international members, players are able to choose the format in which they would prefer the odds to be displayed. The available set includes fractional, decimal, American, Malay, Hong Kong as well as Indo.

How popular is sports betting in Armenia?

In Armenia, betting on sports is becoming increasingly popular, although the phenomenon is not as widespread as in some other countries. Football is the most popular sport among Armenians, and many people bet on the games of their favourite teams both domestically and in international tournaments.

Bookmakers and online sports betting platforms are also available in Armenia, making this type of entertainment more accessible to locals. However, it should be noted that gambling and sports betting laws may vary from country to country, including Armenia, and are subject to change over time.