South Korea Betting Sites and Bookmakers
Intrepid South Korean sports bettors that are bold enough to take their chances online have a long list of reputable online betting sites to choose from.
Best legal betting sites and bookmakers operate and cater to a huge number of punters from the country.
The world’s most trusted brand, William Hill is well-known for delivering excellent service, competitive odds, and a secure environment with all sports betting terms explained. With online betting in Korea closely monitored, for accessing South Korea gambling sites a VPN may be needed.
Top 10 Betting Sites for South Korea in 21 November 2024 – Updated List
Ranking Of The Best Sports Betting Sites
Seasoned South Korean sports bettors also know that Pin-up.Bet, and 18Bet offer fair play, fast payouts, and a wide variety of sports betting markets. How to win at sports betting is important when looking for betting sites with live streaming that offer in-play wagering, and betting apps. When looking for betting sites with live streaming that offer in-play betting, and betting apps, punters often turn to top-rated sites like Bwin or 22Bet. The top 10 sports betting sites are :
Deposits, Free Bets And Bonuses
Since ISP’s have imposed a ban on most betting markets in South Korea, a punter has to use a VPN (Virtual Private Network ) for gaining access. Funding options linked to credit/debit cards or bank accounts cannot be used since they can be traced. Thus, the best option is to stick to e-wallets for making deposits at the best legal betting sites and bookmakers.
The most popular e-wallet options for the Korea bookie are Skrill bookmakers and betting sites, best Neteller bookmakers, and betting sites. South Korean Won is not accepted as the bookmaker’s currency in many Korean betting sites and thus, Euro deposits are recommended. However, some conversion fees might be applicable due to the currency change.
Best Paypal bookmakers and betting sites are also available for the punters. Many sites would require English ID verification for accessing the platform. E-wallet accounts are ideal for both deposits and withdrawals since they simplify the overall process of making transactions.
Top-rated online bookies like William Hill, Unibet and Bwin are great options for betting bonuses for Korean players. South Korean sports gamblers can cash in on up to €100 or more in free betting bonuses at William Hill and 18Bet while 1xBet are offering up to €130 in free bet bonuses.
Mobile Betting South Korea
Over the years, south Korea online betting sites have begun to accept mobile bets. Punters can choose to gamble using Smartphones and tablets. Many gambling sites by country offer mobile-optimized websites which allow login via a web browser like on a PC or Laptop. Safari and Chrome are the best browsers for mobile-optimized online betting in Korea.
Certain South Korea online betting sites use betting applications that need to be downloaded for making bets on leagues and sports. At times, certain transactions have to be processed via the PC if the mobile device does not support them. Thus, if you plan to engage in mobile betting, it is important to check for available promotions for mobile punters. Korean betting sites offer exclusive offers for mobile users which can be found in the promo section of the application.
Legality And Legal Betting Age In South Korea
In South Korea, as are betting sites in Vietnam, online betting is strictly forbidden. The authorities closely monitor the internet, block online wagering sites and sports betting exchanges, banks can block suspicious transactions, and players are prosecuted. The threat of harsh penalties is not hollow.
Monitoring such a large population is a complex process and thus many punters tend to get away from Korean betting regulations regarding betting on sports with the biggest bookmakers in the world. Weekly sports betting is popular since punters find a way for gambling in the country. South Korean law considers gambling as a crime under Chapter 23 of the Criminal Act.
According to Article 246, if a punter is found to be betting under the established markets in South Korea for gaining property, he shall bear a fine of not more than 5 million won. Lotteries, boat racing, horse racing, and cycling are the legal forms of betting allowed. Casino gambling might get locals into a lot of trouble along with a 3-year prison sentence if caught at a tourist casino. Any Korean citizen found to gamble abroad can face prosecution when they return to the country.
FAQ
The Korea Casino Association states that there are about 17 casinos in South Korea. They can be found in cities like Busan, Jeju, Daegu, Seoul. Most popular casinos include Busan Paradise Casino, Seoul 7 Luck Casino, Jeongseon-gun Kangwonland Casino.
To be able to gamble in Korea, one must be 19 years old. This is also the legal drinking age and voting age.
One has to open an account in Skrill in Euros since Korean Won is not internationally accepted. The account verifies the personal details fed in and sends a letter to the address which has a code that has to be entered online for using Skrill in Korea.
Korea offers many legal betting options like horse racing, lotteries, Sports Toto, Sports Proto, and Casinos only for tourists. The odds of each bet differ from each other but offer great winning possibilities. One can even make up to KRW 122,500 on a stake of KRW 70,000 on odds of 1.75.
Online sportsbooks are illegal in South Korea. There is no distinction between online and land-based gambling. Under Article 246,247 of the Criminal code, if a punter is caught gambling on a sportsbook that is unlicensed, they have to bear a fine of upto $4370
There are many sportsbooks in South Korea that stand out. Among them, Bet354 is considered one of the top online sites for 2021.
Many betting platforms offer the best odds in South Korea among which Pinnacle, William Hill, and Bet365 top the list. Best odds vary according to the games and sports which is why it is important to shop around before placing a bet.
Concluding Thoughts
The Korean Government strictly maintains its monopoly on sports gambling since a large number of profits are plowed back to the sports bet on. In spite of strict norms regarding betting, illegal betting is still a thriving business in Korea, just like in the case of China bookmakers and their betting laws.
An element of hypocrisy exists in the country since the nationals are being restricted to betting at a casino whereas they can freely gamble on the national lottery, horse racing, etc. Tourists can access all casinos in South Korea whereas the citizens cannot. Betting industries are flourishing at a large rate and thus, loosening these laws would bring in an economic success story.
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