South Korea’s Best Betting Sites βœ…

This post will be of great assistance if you are looking for the top South Korea betting sites with generous odds, eye-catching promos, and a diverse range of sports to play on. South Korea, formally the ‘Republic of Korea,’ is a country in East Asia that borders North Korea, China, and Japan. It has a long history, with documents dating back to the 7th century BC. Sports are important in the life of the residents, with football, tae kwon do, baseball, and racing sports leading their list of favourites. Heung-Min Son, a footballer, is possibly the most well-known local athlete. In South Korea, all casinos save one are forbidden for locals to enter. When they travel abroad, they are not even permitted to attend casinos. They can only engage in certain types of betting. State-run toto and proto sports betting, as well as horse, dog, and boat racing, are examples. Lottery tickets are also widely available. It is also prohibited for a business to offer internet gambling services. As a result, there appear to be no licenced local betting sites. However, the law does not penalise Internet gamblers. That explains why a number of international bookmakers accept South Korean wagers.

Gambling in South Korea – 5 things to know

  • The legal gambling age is 19;
  •  Only specific forms of betting are legal and regulated;
  •  Locals can only enter one casino, the Kangwon Land Casino;
  •  Many betting shops operate in major cities, offering only state-run forms of betting; and
  •  There are numerous dodgy online betting sites that players should avoid.

Population: 51.000.000

Active players: 6.500.000

Currency: Korean Republic won (KRW)

Regulated gambling products: Sports betting, lottery, casino games

Designated authority: No designated authority

Operator types: Licensed casinos, lotteries, unlicensed online casinos and bookmakers

Status: Semi-regulated

Top 10 South Korea Betting Sites (2024)

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This promotion is valid in accordance with the Terms and Conditions of Rolletto.

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SOUTH KOREA BETTING πŸš€

South Korea is an Asian country noted for its rich history, delicious food, and love of sports. Despite the fact that each state has its own gambling regulations, most residents can only engage in a limited number of gaming activities. This involves betting on horses, dogs, and boats, as well as purchasing lottery tickets.

Unfortunately, there are no registered iGaming businesses in South Korea, so internet betting is unregulated. Nonetheless, many people choose for one of the well-known multinational brands. Let’s find out more about them and anything else related to punting in the United States.

South Korea Betting Facts πŸ“

Here are some of the most intriguing aspects of betting in South Korea that you should be aware of:

  • There are several regulations that people must follow. South Korean bettors cannot participate in every type of gambling activity, which limits their alternatives.
  • To gamble, bettors must be at least 19 years old.

While most countries need its residents to be at least 18 years old to bet, South Korea puts the age limit at 19.

  • South Koreans have access to only one land-based casino.

Surprisingly, gamblers are only permitted to visit one land-based casino in South Korea.

  • By establishing multiple betting businesses, the state attempts to regulate all betting activity.

As previously stated, citizens in South Korea can wager on a variety of sports, which is why the government operates several betting businesses.

  • The majority of major iGaming websites accept South Korean money.

The Korean Republic won is the country’s currency, thus you may find it while playing at some of the greatest online casinos.

  • Using a VPN is often the only method to access some websites in South Korea.

Although employing IP-changing tools is not always necessary, it is occasionally necessary if you want to sample some of the best South Korean betting sites.

How We Rank Korea’s Best Betting Sites πŸ†

We didn’t just make a list of the best Korean sportsbooks at random. Instead, they are the result of rigorous research and testing, and you can be confident that they will provide a professional and secure betting experience. These were the five key categories we concentrated on while compiling our rankings.

  • Usability

A Korean betting platform should be simple to use from the start, and this applies to both the desktop and mobile versions.

The key to this is an easy-to-use interface with quick access to all of the most crucial areas. Spin Sports and 188Bet are two great examples. Aside from that, odds and text should be clearly shown, and the platform should be stable, with few crashes and pages loading swiftly.

  • Features

Both in-play betting and cash out tools are now considered “must-haves.” They must also function properly, with prices updated on a regular basis to reflect the most recent developments and tools reacting promptly whenever you wish to use them.

Bet builders, pulse betting, and mobile apps should all be available in most cases. Sites such as 1xBet and 22 Bet even have whole betting exchange and virtual sports departments. Live streaming is always welcome, but it is usually reserved for the major bookies in Korea and abroad.

  • Security

When it comes to your money, you want to be sure it’s as safe as possible. A bookmaker can help you with this in a variety of ways.

They, in turn, must provide protections such as SSL security, powerful firewalls, and a separation of corporate and client cash. 2FA should also be available to assist you in protecting your own account. Dafabet and Pinnacle both offer plenty of assurance in this regard.

Why Promotions Promotions are one of the most important factors in making your money go further. We’ve awarded sportsbooks that not only provide a large number of incentives, but also ensure that these offers are of great quality. 20Bet and Betsson may not be the most well-known names, but they both thrive in this area.

Promotions, aside from their flamboyant names, should provide genuine value to Korean bettors. They must also be properly specified, preferably through both their terms and conditions and a more’readable’ explanation, so that punters understand exactly what they’re getting into.

  • Reputation

The vast majority of our recommendations for Korean sportsbooks are based on our personal experiences. We have, however, taken the effort to examine each betting site’s overall reputation, utilising websites such as TrustPilot and other services such as the App Store and Google Play. Experienced brands such as 888sport and Unibet are especially strong in this area.

We have validated that each bookie is safe to use and fair to its consumers by doing this analysis. The research has also assisted us in identifying any prevalent difficulties that did not surface during our own testing.

Advice for selecting a sports book 🎯

  • Be sure of your expectations from your sportsbook. Are you a desktop or mobile bettor? Which sports do you most enjoy betting on? Consider your particular betting history. Do you enjoy parlays and do you require props? By asking yourself these kinds of questions, you may greatly simplify the selecting process.
  • Research is crucial. To compare their products, read a few of our betting site evaluations that catch your attention. There are many options available, but only a select few brands truly stand out. If you’re thinking about a sportsbook that Covers doesn’t endorse, make sure to check out our blacklist as well.
  • Bonus rules and regulations. Never blindly believe the large bonuses. Make sure to read the tiny print and keep an eye out for rollover restrictions that your betting strategy won’t allow you to meet.
  • Examine the speed and payout options. Everyone wants to be able to cash out their winnings as soon as possible, but this isn’t always simple with certain betting platforms. One of the first criteria you should consider when choosing your sportsbook is prompt payouts.

Korea’s most popular sports for betting πŸ”₯

In recent years, South Korea has developed into a major sporting nation. Korea has produced some of the world’s top athletes, like professional golfer Inbee Park and football legend Son Heung-min, to mention a few. This is due to the nation’s passion of sports and huge investment in grassroots sports.

Even though people love traditional sports like Taekwondo, Jokgu, and Ssireum very much, bettors are primarily interested in international sports. Great odds are available on everything from the newest esports competitions and football games to the Ballon d’Or winner at Korea’s top betting sites.

Here is a summary of the top four sports in Korea for betting:

Esports

Young Koreans often aspire to work as professional gamers. Many esports competitions are televised, and there are many “PC bangs” (computer game rooms) along the streets of Seoul. The Nexon Arena and the OGN Esports Stadium, two top-notch venues that regularly host important tournaments and hundreds of spectators, are located in Seoul, the capital of South Korea.

On League of Legends (LoL), DOTA 2, StarCraft, PUGB, FIFA, and every other multiplayer game you can think of, Korean betting sites provide fair odds. Surprisingly, CS:GO betting is less well-liked in Korea than it is in European nations, where many professional players have switched to VALORANT. At our suggested betting sites, you may wager on all of your favourite players and teams.

Baseball

Baseball is a sport that South Koreans adore watching and wagering on. American missionaries initially introduced baseball to Koreans in 1905, and since then, its popularity has grown yearly. The Korea Professional Baseball League, also known as the KBO League, was established in 1982 with six franchises and has since grown to ten. The most successful baseball team in Korea is the Kia Tigers.

In the regular season, each team plays 144 games, thus there are many options for wagering. The KBO Korean Series, the league’s championship series, is the KBO League’s pinnacle event. A stepladder playoff format including a wild card game, semifinals, playoffs, and a best-of-seven series for the championship is used for the top five teams. The top Korean sportsbooks also take bets on MLB and the NPB of Japan.

Football

Football is very popular in South Korea, even though the KBO League is the most well-known sports league there. The K League 1, the oldest professional football league in Asia, is the highest tier of the South Korean football league system. The biggest Korean betting sites include odds on the Korean FA Cup and AFC Champions League in addition to betting on the K League 1 and 2 champions and each match.

The South Korean national football team, also known as the “Reds,” has qualified for more FIFA World Cup competitions than any other Asian nation. When South Korea and Japan co-hosted the World Cup in 2002, they made history by being the first Asian team to advance to the semifinals. Additionally, the team has won seven AFC Asian Cup championships and numerous gold at the Asian Games.

Golf

In addition to the famed Jack Nicklaus Golf Club Korea in Incheon and the New Korea Country Club in Goyang-si, South Korea is home to more than 500 breathtaking golf courses. Korean golf enthusiasts watch their favourite players compete in important tournaments throughout the world run by the Asian Tour, PGA, PGA European Tour, and LPGA when they aren’t playing a round at their local course.

The top betting websites in South Korea provide odds for every significant golf event. Outright winner, leader after the first round, possibility of a hole-in-one, etc. are all common golf betting markets. You can place a wager on any of the Korean athletes we’ve listed at our suggested sites, including K.J. Choi, Yang Yong-eun, Park Sung-hyun, Pak Se-ri, and Jaekyeong Lee.

South Korea’s trusted online bookmakers βœ”οΈ 

There have been numerous instances of businesses setting up illegitimate betting sites in South Korea. These sites carry a double risk. First of all, several of them have apparently been prohibited by the local police. The authorities are always attempting to crack down on illicit operators, and surveillance is fairly active. Therefore, if you deposit your bets and money there, it will be lost, and the police may get their hands on your personal information.

Additionally, these illicit websites regularly abruptly disappear, especially when users attempt to withdraw their money following a successful wager. Since they frequently copy the “appearance” of other international bookies, it might be difficult to tell these sites apart. The best course of action is to stay with any of the reputable foreign bookmakers we recommend in our study. All of these trustworthy bookies hold licences from the most reputable organisations in the world and provide a secure environment for online betting. Additionally, they are technically legal because they are based outside of South Korea. However, always remember that if you are ever asked about your gambling, do all in your power to show that you are not a habitual gambler.

Korean sports betting 😎

When done at a land-based bookmaker in the state, sports betting is permitted. However, there are only two types of it available. These are toto and proto, respectively. Pari-mutuel betting is the style used by Toto South Korea. The sum of all player bets is significant. After that, half of money goes to the state for operating expenses and taxes, and the remaining sum is divided among participants who may correctly anticipate every outcome. It’s all about fixed odds betting in proto-South Korea. The chances for each event are presented here in decimal form. Simply put, you will receive 20 units back if you wager 10 units on a result with odds of 2.00 and win.

Betting on baseball, basketball, and football is all permitted through the local bookmakers. The KBO baseball league continues to draw the majority of local bets. Many locals bet on dog, horse, and motorboat races due to a racing culture. However, keep in mind that there are more sports available while betting online. You can actually place wagers on all of your preferred sports and teams, as well as a wide range of other wagers. For instance, many of the bookmakers listed here provide K League 1 South Korean football.

Is South Korea a popular place for mobile betting? πŸ“±

In South Korea, where millions of people use smartphones and tablets, mobile betting is indeed common. It shouldn’t be surprising that many gamblers choose to wager when they are on the go as Australia is one of the most advanced countries in the world. As a result, they can conveniently engage in other activities while still enjoying their passion.

Some iGaming websites provide mobile apps for Android and iOS to suit South Korean preferences. These programmes are simple to download and offer all the benefits of desktop platforms. The same holds true for mobile websites, which are much simpler to use because no applications need to be downloaded or set up.

Conclusion

The current Korean online gambling laws are quite restrictive. Additionally, it isn’t complete. For instance, it is purportedly unlawful to bet online. At the same time, there are no explicit rules stating what bettors can or cannot really wager on. It is unclear at this point whether the state will maintain its complacent attitude toward internet gaming. If it believes that the possibility for taxation is essential for the economy, one path may be regulation. However, the traditional perception of gambling as being harmful to its participants does not give much space for hope. So, it’s uncertain what South Korea’s position will be in the years to come.

FAQ

Β Gambling is permitted in South Korea?

If you’re a local, you can place bets on sports at approved locations, but you can only access one casino (the Kangwon Land Casino). The law is fairly lenient toward players while yet implying that online gambling is unlawful.

Which betting site in South Korea is the best?

One of the safest online bookmakers accepting Korean players is 1xBet Korea, which offers a fully localised interface and several sporting events that are streamed live. Don’t pass up their promotions and extensive selection of special wagers.

Are my gambling gains subject to taxes?

Gambling winnings generated in South Korea are not subject to taxation. The sole exemption, though, is lottery wins because there is a tax on them. It appears that you get to keep your winnings when you place wagers online.

Q: What is the best way to fund my online betting account?

We recommend using e-wallets like ecoPayz or Sticpay for online betting because of how simple they are to use and how quickly transactions are completed. They also increase security, enabling you to hide the details of your transactions if necessary.

Is it legal to bet on sports in Korea?

Through the Toto and Proto games offered by the state, players are able to legally wager on a variety of sports. Accessing websites for online betting is forbidden. However, in reality, authorities focus more on punishing online operators than they do players.

Do you provide Bet365 in South Korea?

One of the most reputable and secure bookies, Bet365 Korea gladly accepts locals. It provides unrivalled coverage of all major football championships and one of the most extensive betting options for horse racing.

Which South Korean bookmaker is the safest?

The most crucial aspect of safety is essentially to stay away from any shady bookmakers you may encounter. Sticking with one of the online bookmakers we list in our research is the simplest method to achieve this. They all guarantee a secure betting environment and are completely legitimate.

Β 

Michael Adams
Experienced writer in iGaming Industry. Worked for the big companies in the industry, now I took the challenge to grow with a new company and a new website. The future is bright and I am happy to be part of it!