South Korea Betting Sites and Bookmakers
Most forms of gambling in South Korea are illegal but punters can at least place bets on a limited number of sports markets through Sports Toto, which is pari-mutuel style wagering, or through Sports Proto which offers fixed odds betting.
This betting sector is regulated by the Ministry of Culture, Sports, and Tourism and is essentially a government monopoly.
Like most monopolies, the betting options and odds fall well short of what offshore online bookmakers offer to those who want to bet in Korea.
South Korea has some of the most restrictive policies in the world on internet usage, and that rolls over to online sports betting. Current laws prohibit the practice of sports betting, and bettors can face penalties for gambling online.
However, the South Korean government doesn’t actively prosecute sites or punters at present, leaving the door open for South Koreans to still make bets on offshore sites.
Learn more about the laws surrounding online sports betting in Korea, what types of games you can bet on at offshore sportsbooks and how to fund your online sports betting account in South Korea.
Sports Toto was the first bookmaker to offer both fixed odds bets and running odds bets on events. They now operate betting terminals all around the country, where players can purchase tickets. A percentage of the revenue goes toward to supporting and improving the nation’s sports facilities.
Online wagering is still illegal in South Korea. Licenses are not available for Internet gambling services, and powerful anti-gambling interests in South Korea have attempted by parliamentary means to crack down on illegal online gambling on five separate occasions in recent years.
South Korea offers two options for live sports betting, but they are poor options indeed. They offer parimutuel betting and fixed-odds betting on football, baseball, basketball, volleyball and golf, but the odds are abysmal compared with overseas sportsbooks, and it is tough to win a substantial sum.
Online sports betting sites offer much better odds and a wider variety of options for sports fans. If you want to bet on the upcoming FIFA World Cup, 파워볼 you will find lines with much more realistic odds than you can in South Korea. You’ll also bet on a broader array of sports. If you love English and American football leagues, you can bet them on offshore sports betting sites.
When you’re ready to make your first deposit, check out the special offers on each site so you can boost your first deposit. Most places offer an excellent welcome bonus that will give you a deposit match or free bets to help you get started. Check out the promotions section of your preferred site to learn more.
Over the last few years, all online sportsbooks have begun accepting bets via mobile. You can now use your smartphone, tablet or any form of internet-capable mobile device to place sports bets online.
The method you’ll use to place these bets depends on the site. Many sportsbooks now offer mobile-optimized websites. Mobile-optimized sites allow you to log in via your device’s web browser the same way as you would your computer.
Chrome and Safari are the best browsers to use for mobile-optimized sites. You’ll be able to access all of the same betting options as on your PC. Also, you can open an account, make a deposit and cash out all from your mobile device.
