Analyze sports games – South Korea’s gambling law However, South Korean casinos are only available for foreigners – local residents are only allowed in one South Korean casino, Gangwonland, for which the restriction against the entrance of local residents is relaxed pursuant to the Special Act on Support of Development of Abandoned Mine Areas. Online gambling is strictly prohibited under South Korean law. The reason for this is that South Korean laws do not make a distinction between land based and online gambling. According to Article 247 of the Criminal Code, anyone conducting illegal gambling in South Korea is subject to criminal prosecution and faces charges of up to 5 years in prison or KRW 30 million (approx. $26,000). This clause is pertinent to online gambling operations as well. Only online sales of lottery tickets is specifically permitted.
Safe TOTO websites. Unlike the lotteries which are entirely dependent on luck, Toto is a skill game in which participants analyze and predict the outcome of the game in detail. Participants will not only stay in their favorite sporting events, but will actively participate in the game and ultimately contribute to domestic sports development and fund raising.
Many locals from South Korea do not have ready access to casinos and poker rooms despite the countries collection of brick-and-mortar casinos. The country has 30 land-based casinos and three horse racing tracks in the country. These casinos, plenty as it may seem, are only for the pleasure and enjoyment of tourists. Citizens have limited access to sports betting but the odds they get are not comparable to what they can benefit from if they gamble online. For this reason, online betting is popular amongst the locals. 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 check : 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.
The government also block access to some foreign online bookmakers. However, regular, small scale players placing bets with such sites from the safety of their homes are extremely unlikely to be prosecuted in Korea, or any other country for that matter (recreational, not professional, small scale gambling by private persons is not criminalized in Korea). Odds on major foreign online sports books are said to be far superior to the ones offered on the state backed betting games in Korea.