Vbet is another example of an online bookmaker that at first focused on a local market and after a few years decided to expand. They made their introduction as an Armenian firm (named Vivarobet) back in 2003, but changed their name and logo when they made the great leap of attracting a wider betting audience. Their main advantage is that they offer certain betting options in sports that other leading online bookmakers do not, however, their betting limits are low, in some cases bordering on too low. Their payout is competitive though, especially in popular sports. Currently every available payment option is free of charge, but they should try to include more methods if they wish to become more competitive.