TOTO betting in Korea
Organized TOTO betting in Korea. Technically, online sports betting is illegal for South Koreans but not for tourists. Foreigners, expats, and tourists are free to gamble anywhere and any way they find convenient for them. Since most of the sports betting options available in the country do not have competitive odds compared with Western leagues, most of the foreigners use online sports betting sites to get the best odds for a particular sport.
The legalization of bicycle racing took inspiration from Japan’s legal betting system. Unlike Japan, Koreans cannot do off-track betting. Bicycle racing became a legalized form of gambling to promote national sports, particularly among the younger generation. Foreigners are not very fond of betting on bicycle racing despite having better odds than horse racing. This is most probably because websites, programs, and betting slips are only available in Korean. Koreans can legally bet on football, volleyball, basketball, baseball, golf, and Ssirum in two ways: Sports Toto or pari-mutuel betting and Sports Proto or fixed odds betting. In Sports Toto, the punters can place their bets into a pool. Half of the pooled bet accounts for operation costs, duty, and profit margins while the remaining half is paid to the winner of the bet.
There are two different options to bet on the internet. The first is Asian bookies which support Korean language, offer accounts in South Korean won (KRW) and accept local bank transfer with no fee. www.dafabet.com is the easiest Asian company to deposit with. You can register an account, click live chat and ask the operator for their bank details. Then simply transfer the money via online transfer. If you only bet soccer (football) Asian bookies are a great option. You will find all the Korean leagues, plus English Premier League (EPL), La Liga, Serie A, Bundesliga, and all others. You’ll find tennis and American sports such as NBA basketball and MLB baseball are covered too. If you are however interested in betting other Korean sports such as basketball, baseball and volleyball you will probably be disappointed by the fact these are not well covered (if covered at all) by the major Asian bookies.
Volleyball Toto is my personal favorite. This matches two teams together and you select 1) the correct set score and 2) the winning margin of the first set (2, 3, 4, 5, 6 or 7+). When this was a new game (2008-2010) if you boxed all possible set scores with all first set winning margins of 2 and 7+ you would have made an ROI of 75%. (This was amazing and sharp bettors made a lot on this). This is gone as the market has matured, but there are still inefficiencies. For casual bettors, what is offered online at 1Xbet for volleyball provides much more value – still there is room for pros to exploit market inefficiencies with this toto game. Golf Toto -There are several games in Golf Toto, one of my favorites pairs one player against eleven others. You select if he will win-draw-or lose against each player. A trick to finding +EV wagers is to pick him to beat 10 players and to lose to an eleventh who is a contender but not expected to win. This is essentially predicting first and second, and for the first choosing one of the lesser popular players with a chance. For casual bettors again online offers better odds. There is however two more golf toto games that are decent as far as lottery is concerned. These are 1) Special Game – predict 5 or 7 player’s 1st round score and 2) Win/Draw/Loss Game – Predict 5 matches’(10 player) Win-Draw-Lose.
Official Info : The Sports Betting Business is a national project that was introduced in October 2001 in accordance with the National Sports Promotion Act. It is a public service project aimed to successfully host the 2002 FIFA World Cup Korea/Japan and for the development of national sports leisure and sports fund. Ktoto operates as a exclusive licensee of the sports betting business in Korea by the consignment contract with the Licensor, Korea Sports Promotion Foundation (KSPO). The sports betting (Sportstoto) is an advanced sports leisure activity that enables winning prize for accurate prediction of game results of Soccer, baseball, basketball,volleyball, golf and etc. The products are divided into pari-mutuel type of ‘Toto’ and Fixed-odds type of ‘Proto’. The Funds raised through the sports betting business are transferred to the Korea Sports Promotion Fund to be used in variety of Sports promotion projects, such as a support for various international sports events held in Korea as well as professional sports, physically challenged sports, grassroots sports contributing to development and vitalization of Sports in Korea.
South Korea is a country with a blossoming Bitcoin scene and authorities do not restrict the use of Bitcoin in the country. A number of news pieces were published June last year about a South Korean Bitcoin gambling company, Satoshinori beta testing its products meant to cut the firm a piece of the estimated $49b East-Asian online gambling market (illegal included)*. The company would’ve operated under the same assumption as many other Bitcoin casinos – namely, that as Bitcoin is not a currency, therefore Bitcoin gambling is legal, or at least not explicitly illegal, even in countries with laws otherwise prohibiting online gambling.
스포츠 도박은 스포츠 결과를 예측하고 결과에 내기를 걸고 있습니다. 또한 한국인들은 자신이 가장 좋아하는 팀에 내기를 좋아하기 때문에 한국에서 매우 인기가 있습니다. 불행히도 한국 삿포로의 경우, 정부는 도박에 대한 독점권을 행사하여 한국인이 이용할 수있는 도박 옵션을 제한합니다. 그러나 해외 스포츠 북을 이용해 내기를하는 방식으로 한국의 도박 팬이 여러 가지 방법으로 접근 할 수 있습니다. 한국의 스포츠 도박 팬들을 돕기 위해, 여기 한국인에게 친숙한 웹 사이트를 베팅하는 최고의 스포츠가 있습니다. 안전놀이터
한국의 온라인 스포츠 베팅 : 스포츠 베팅의 유일한 법적 형태는 스포츠 토토 (Sports Toto)와 프로토 (Proto)이며, 한국 경마대가 제공하는 합법적 인 경마 베팅이 있으며, 이들 중 누구도 온라인 플랫폼을 가지고 있지 않으며 외국 온라인 북 메이커 기소 된 경우 기소되지만 거의 발생하지 않습니다