How popular is sports gambling in South Korea?

South Korea is the country with the most restricted usage of internet and online workings. It has severe prohibitions for online sports betting, but at the same time, there is no proper check and balance on the use of internet gaming. Some of the gamblers can easily have ownership of sports betting. Many off-shore sites help the sports gamblers to vigorish.

South Korean sports betting sites

South Korea offers gambling sites for live game betting, but they are inferior indeed. They offer you places on which you can bet about a particular game, but the trend is not much profitable. Being in South Korea, you can use different international online websites they offer you some outstanding and profitable bets. For example, if you want to bet about the upcoming match of FIFA, then many sites in South Korea offer you opportunities for your first deposits, but they are not as useful as they will be in other lines. You will find many realistic odds. Online sports offer a large variety of odds and options for sports fans. You have the opportunity to bet on a broader array of sports. Not only one game but they offer you a large number of rounds of your interest on which you can bet and try your luck.

When you have the proper knowledge and information about sports gambling, and you are well prepared for your first ever deposit, do visit different websites to check their offers for the new customers. Sometimes they offer you a welcoming bonus or a free bet to boost up your confidence and interest in online gambling. Try these and increase your deposit.

The legal status of sports gambling in South Korea

The question that might come to your mind by reading this is that if sports gambling is legal in South Korea or not.? The answer is NO. Unfortunately, sports gambling is illegal in South Korea under the law. In criminal code, according to Article 246 and 247, online sports gambling is strictly prohibited in the country.

These articles define strict punishments for the ones who are caught to be involved in gambling. They might have to pay a massive amount as fine and might also face problems like being imprisoned for a long or short period.

However, the criminal code does mention an exciting exemption in the gambling process. It says that “gambling that is for momentary pleasure is not banned or illegal.” But also, the law does not define the clear-cut difference between habitual gambling and recreational gambling. Therefore, one needs to be careful and sharp while risking their money in sports gambling.

Laws about taxes on winning through gambling in South Korea

Luckily, the bettors don’t need to pay any taxes no matter how much money they win through online gambling. However, taxes apply to the prizes won through the lottery.

Mobile betting options

The new option introduced in the world of online gambling is that you can bet about games through your smartphones, tablets, iPods or any other device that has internet access. The method by which you can bet on a 먹튀검증 depends on the device you are using, but most of the sites allow you to bet the same way as you would do on your computer. Mobile-optimized will enable you to log in via your mobile phone as long as you have a good internet connection.

Top sports betting sites in South Korea

Following are seven of the leading sports gambling sites in South Korea used for betting on different games:

  • 22Bet with starting bonus 100% up to $300
  • Intertopswith starting bonus 50% up to $200
  • Betwaywith starting bonus 100% up to $200
  • Sports Betting.agwith starting bonus 50% up to $1000
  • Bet Onlinewith starting bonus 100% up to $1000
  • Pinnaclewith starting bonus 50%
  • Spin Palacewith a starting bonus 100% up to $200