VBet Review

VBET is a major online betting and gaming operator based in Armenia, under the corporate umbrella of Soft Construct CJSC for its Armenian‑operations.

• It began in 2003 under the name Vivaro, founded by Armenian entrepreneurs Vigen and Vahe Badalyan. Initially it was a land‑based bookmaker.
• In 2004, it launched one of the first online betting sites in Armenia.
• Over time, it expanded its physical presence in Armenia (betting shops) and broadened product lines (casino, live casino, poker, e‑sports, etc.).
• Rebranding from Vivaro to VBET (international brand) happened to better reflect expansion beyond Armenia.

Licenses & Regulatory Status

VBET operates under multiple licenses and regulatory regimes, depending on geography.

• In Armenia, the site vbet.am is operated by Soft Construct CJSC, registered in Armenia. The relevant license in Armenia is VKH‑026, granted by the Ministry of Finance on November 19, 2020.
• Also under Armenian regulation is a license ISHKH‑007 (“for organizing Internet games with winnings”) for internet‑games, under which the company offers slots, live casino, table games etc.
• Internationally, VBET has held/regulates under licenses such as those from UK Gambling Commission (UKGC), Malta Gaming Authority (MGA), ANJ in France, and from Curaçao in certain jurisdictions.
• The company is also a member of the International Betting Integrity Association (IBIA), which is a positive signal in terms of compliance and monitoring of sporting events integrity.

Trust & Security

VBET seems reasonably robust in terms of trust and security, though as with all gambling platforms, there are trade‑offs and areas for improvement.

Strengths:

• The presence of multiple recognized licenses and regulatory supervision is reassuring. This means there are legal obligations around fairness, responsible gambling, customer protection.
• Membership of IBIA indicates that VBET is committed (at least in part) to oversight of integrity in betting markets, which helps guard against match‑fixing or other malpractice.
• Security protocols like SSL encryption are confirmed (data encryption between user and website) in various reviews.

Weaknesses / Risks / Criticisms:

• Some third‑party reviews (for example via ScamAdviser) note issues with domain registrar reputation, or that having SSL is necessary but not sufficient to guarantee full legitimacy.
• There are occasional allegations or media reports about controversies: e.g. connections to operations in jurisdictions with different licensing regimes, or concerns in Ukraine. These are complex and not always fully substantiated publicly.

Overall, VBET seems more reliable than many unlicensed operators, but as always, users should check their local regulations, always verify KYC / identity verification, and start with small amounts until they are certain.

Payment Options

The public information has somewhat limited detail about all payment methods for vbet.am specifically, but from various reviews and comparisons we can piece together a picture:

• VBET supports many standard payment methods (for international operations) like Visa, Mastercard, e‑wallets (Skrill, Neteller), bank transfers, etc.
• Deposit processing is generally fast / instant for many methods. Withdrawal times are more varied; depending on the payment method, withdrawals might take from 24‑48 hours or more, possibly up to several business days.
• Minimum deposit / withdrawal limits tend to be reasonable in many markets, with no or low fees for many payment methods. However, in some cases, “slower withdrawal times compared to industry leaders” have been reported.
• As for vbet.am in Armenia specifically: the site mentions/operates Betshops (physical outlets) in addition to online, which may offer alternative payment / payout possibilities locally.

Player Feedback & Reputation

What do players say about VBET? Feedback is mixed, as with most operators, but there are key themes:

Positive feedback:

• Variety of games and betting options: many users appreciate the large number of sports, pre‑match and live markets, casino games, live casino, poker etc. The product offering is broad.
• Strong presence and sponsorships (e.g. Armenian Premier League, etc.) give a sense of legitimacy and local commitment. This helps in perception of trust.
• Player interfaces / features such as live streaming, animations, quick bet, market filters are cited as helpful / enjoyable.

Negative / neutral feedback & complaints:

• Delays in withdrawals are sometimes mentioned (depending on payment method and verification). Some players feel that identity verification or compliance steps cause bottlenecks.
• Some complexity or lack of clarity in the terms & conditions of bonuses/promotions: wagering requirements etc. Not always clearly understood by users. (This is common in the industry, but VBET is no exception.)
• Local or regional complaints sometimes concern customer support responsiveness, or localized availability of features / payment options.

VBET is a well‑established player in the Armenian gambling market and has made inroads internationally. It combines a long track record (since 2003 as Vivaro) with broad licensing in multiple jurisdictions, which lends credibility. Its game/betting portfolio is large, with a mix of sports, casino, live casino, etc.

For players considering using VBET, here are some recommendations:

• Make sure that gambling with online operators is legal in your jurisdiction, and that VBET (or its local equivalent) is properly licensed to serve your country.
• Understand the terms of any bonuses, especially wagering, time limits, and withdrawal conditions.
• Be prepared to provide identity verification; this is standard, especially for larger withdrawals.
• Start with smaller deposits until you are sure the withdrawal process works smoothly for you.
• Use secure payment methods, and use any account security features (e.g. two‑factor authentication) offered by VBET.