Best South Korea Betting Sites

There have been many cases where companies have set up illegal betting sites in South Korea. The risk with such sites is two-fold. First of all, the local police have reportedly banned many of them. Surveillance is quite active, and the authorities are constantly trying to clamp down on illegal operators.

So, if you place your bets and money there, it will be lost, and your personal details might come straight into the hands of the police. Moreover, such illegal sites frequently just vanish, espe...

There have been many cases where companies have set up illegal betting sites in South Korea. The risk with such sites is two-fold. First of all, the local police have reportedly banned many of them. Surveillance is quite active, and the authorities are constantly trying to clamp down on illegal operators.

So, if you place your bets and money there, it will be lost, and your personal details might come straight into the hands of the police. Moreover, such illegal sites frequently just vanish, especially when players try to withdraw their funds after a winning bet. Distinguishing such sites is not always easy, since they often imitate the ‘looks’ of international bookmakers.

What you should do is stick to any of the renowned international bookies that we mention in our analysis. These are all reliable bookmakers, licensed by the most legitimate authorities in the world, offering a safe online betting experience.

Plus, they are based outside of South Korea, so technically, they are legal. Still, always keep in mind that if you are ever to be questioned about your gambling, try as much as possible to prove that you are not a habitual gambler.

Sports betting in Korea

Sports betting is legal when practised on the state’s land-based bookies. Still, only two forms of it are available. These are, namely, toto and proto. Toto South Korea is a pari-mutuel betting type. All the money players wager adds up.

Then, 50% of it returns to the state for operation costs and taxes, while the rest is shared by players who potentially get all their predictions correct. Proto South Korea is about fixed odds betting. Here, the odds for each event are in decimal format. Simply put, if you bet 10 units on an event with odds of 2.00 and you win, you will get 20 units back.

Basketball, baseball, and football betting are all available on the legal local bookmakers. Baseball’s KBO league still attracts much of the locals’ betting flow. A tradition in racing also leads many locals to bet on dog, horse and motorboat races.

However, remember that when betting online, more sports are available. You can actually bet on all your favourite teams and sports, with a great variety of extra bets too. For instance, K League 1 South Korean football is available at many bookmakers that you will find listed here.