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 online bookmakers offer. This makes internet bookies a very attractive alternative. The only problem is that online betting is illegal here.
Internet betting is illegal in many countries but unlike the majority of these countries, South Korea takes a proactive approach to fighting illegal online betting. The internet and newspapers are rife with reports of arrests, heavy fines, and incarceration for breaching the online gambling laws. The authorities monitor internet activities, ban foreign betting sites, and the banks can block financial transactions with betting sites. Also, unlike most other jurisdictions, South Koreans are also prohibited from betting in other countries. As unlikely as it might seem, there have been several South Koreans arrested for in other countries.
Even with these strict rules in place, many punters here find their way to foreign online bookmakers. South Korean online betting is thriving and the bookies are only too happy to take bets from this lucrative wagering market.
Top 10 Betting Sites for South Korea
What are the Best Sports Betting Sites and Bookmakers for South Korea?
Intrepid South Korean sports bettors that are bold enough to take their chances online have a long list of reputable internet bookmakers to choose from. The world’s most trusted brands like Pinnacle and Unibet are well-known for delivering excellent service, competitive odds, and a secure environment. Seasoned South Korean sports bettors also know that MarathonBet, , and SBObet offer fair play, fast payouts, and a wide variety of sports betting markets. When looking for internet bookmakers that offer in-play wagering, live streaming, and betting apps, punters often turn to top-rated sites like TitanBet or Winner. Punters know that these online bookies operate to the highest standards wherever they are and they also have a steady supply of bonuses for Korean bettors.
What are the Most Popular Sports in South Korea?
In this country of over 50 million people, sports are a big part of their lives. Traditional events like martial arts have an enduring legacy here. Golf, tennis, and rugby are gaining in popularity while handball, cricket, and table tennis are enjoyed by scores of people here. Alpine sports have a good following but the most popular sports here are soccer and baseball.
Is Online Sports Betting Legal in South Korea?
In South Korea, online betting is strictly forbidden. The authorities closely monitor the internet, block online wagering sites, banks can block suspicious transactions, and players are prosecuted. The threat of harsh penalties is not hollow. Of course, monitoring the internet activities of such a massive population is easier said than done and many punters get away with regularly placing bets with foreign online bookies.
Are there any Sports Betting Bonuses and Free Bets for South Korean Players?
Regardless of the intense efforts that the authorities put into fighting online wagering, the fact is that internet bookies are taking a lot of action from South Korean punters. This region represents a large and hungry sports betting market and the biggest names in online gaming are right there to offer their services. They also have some great bonuses that are easy to claim. Top-rated online bookies like Jetbull, Betsafe or TonyBet are great options for bonuses for Korean players. South Korean sports gamblers can cash in on up to €100 or more in free betting bonuses at LsBet, BetMotion or Betrally while MyBookie are offering up to $1,000 in free bet bonuses.
There are also plenty of cash betting bonuses available like the ones from Fun88 or Exclusivebet given South Korean sports gamblers. The €100 bonus cash packages at SLBet are offers that you can’t refuse.
These betting bonuses are easy to get your hands on and they are loads of fun to use. Find more awesome bonuses by going to the promotions section at Gambling Judge. Don’t forget to take a look at the bookmaker reviews while you are there.