Sports games analysis and Foreign bookies vs the sports TOTO SportsToTo offers betting on the most popular Korean sports like football, baseball, basketball, volleyball, golf, and ssireum. However, they only have fixed odds and running odds formats. Terminals to bet with SportsToto are found all over the country. Both of these sports betting services are national agencies and the only ones licensed for sports betting in South Korea. However, they are not the most popular gambling websites because of their poor gambling odds and limited sports betting options.
Guide to sports betting in Korea. South Korea has had a love-hate relationship with gambling. Before gambling was even legalized in the country, law enforcers are keen on cracking down on any form of gambling. As the years progressed, the government shifted its focus on attracting more tourists to the country. Law enforcers became lax when it came to implementing gambling laws. It was in 1997 that Korea started Sports Toto and Sports Proto.
South Korea 6/45 Lottery is an online lottery that has 45 balls. Of these balls, seven are drawn and the lottery tickets allow bettors to only choose six numbers. The seventh number drawn stands as an extra ball. The lottery is drawn once a week, every Saturday nights. One ticket costs ₩1,000. The government taxes lottery winnings with 22 percent tax for prizes of up to 50 million and 33 percent for winnings more than 50 million. Another form of lottery that is becoming increasingly popular is the Bok-Kwon or the Pension 520 Lottery. Only introduced last July 2011, this lottery uses pre-printed tickets and is drawn every Wednesday. Bok-Kwon has fixed odds and tax rate is only 22 percent regardless of the jackpot prize. 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.
This website is a place to analyze sports games in Korea and provide information about each game. Many Korean young people are enjoying it. It is interesting to analyze sports games such as soccer, baseball, volleyball, and basketball. For game analysis and safe play TOTO websites see : 토토사이트의 안전놀이터.
1Xbet is more difficult to deposit with, but their website truly has it all for both Korean and international sports. They offer pre-match, as well as live in-play betting on every match of KBL and WKBL basketball, and both men’s and women’s KOVO volleyball. As with Asian bookies they also have in-play betting on many K-League, Korean Cup, League Cup and National League soccer matches. The wagering options are also massive including match winner, home-draw-away, total goals, first to score, correct score and many different types of proposition bets. Another major draw to 1Xbet is anyone logged in with a funded account can watch live streams of sports matches from around the world. Any match 1Xbet streams live also has the option for live in-play betting. For any other game in any sport anywhere in the world, that is shown on TV or streamed elsewhere, you will at least find pre-match betting on it here. 1XBet offers betting on more sports and leagues than any other website.
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.
Sports Toto offers two sports betting games: Sports Toto and Proto, with the first being pari-mutuel betting and the second fixed odds. Both games can be played in electronic terminals, betting shops and convenience stores around the country, but they do not have online bookmakers. The profits generated by Sports Toto’s games go to the Korea Sports Promotion Foundation, the goal of which is to popularise sports amongst the Korean populace.