Sports betting is a popular hobby that many people around the world enjoy. However, it was not available to Korean gamblers until 30 years ago with the creation of SportsToto. Today, Korean bettors have access to more gambling options thanks to the internet. Our Guide to Sports Betting in Korea will go over how to bet on sports in Korea and where.
Even though sports wagering is legal in South Korea, they are still many restrictions to follow. At least, there are many for residents wanting to bet on sports within the country. This is because sports betting in Korea can only be done at certain locations and they must government agencies.
However, this does not stop residents from finding more betting options by using offshore sportsbooks.
Guide to Sports Betting in Korea – Sports Gambling Options
SportsToto – This is a form of pari-mutuel betting which is part of the Korea Sports Ministry. Thus, bettors are able to bet on football, baseball and most major sports. However, the max wager is 100,000 KRW and the government keeps about half of the money. Furthermore, mobile betting is not an option. Therefore, gamblers must go to a location to place their bet.
Sports Proto – The other options for betting on sports with Korea is Sports Proto which is a form of fixed odds betting. Basically, they calculate your payout and display how much you can win but the odds do not change. Unfortunately, the payouts are much lower than online sports betting websites and you can only bet on basketball and baseball.
Online Sports Betting in South Korea – The other option that many Koreans use to bet on sports is by using offshore sportsbooks. However, they must be wary because only certain sports gambling websites are safe for them to use. This is because they have to use trustworthy websites that will easily pay them their winnings. However, Koreans use sports betting reviews to find such trustworthy websites.
Of course, the South Korean government does want to keep its monopoly on sports betting. Which is why they often block sports betting website within their borders. However, since using their services is do disadvantageous to the bettors, online sports betting is very popular amongst Korean gamblers.