Sports games analysis and What Are The Betting Regulations in South Korea? Sport betting is predicting sports results and placing a bet on the outcome. Furthermore, it is very popular in South Korea because Koreans love to bet on their favorite teams. Unfortunately for the Korean punter, the government has a monopoly on gambling which limits the betting options available to Koreans. However, there are many ways for Korean betting fans to get around it by using offshore sportsbooks to place their bets. To help Korean sports gambling fans, here are the best sports betting websites that are friendly to Koreans.
Guided TOTO betting in Korea. The government has been mulling about making casinos more accessible to Koreans. This will make foreigner-only casinos open for all, including the citizens of Korea. The openness of the Koreans to gambling is evident in the high-stakes APPT Seoul Poker Tournament organized by pokerstars.com last 2012.
South Koreans can place their bets on horse racing, bicycle racing, lotteries, and Toto sports betting. While the country has a whole lot of land-based casinos, locals are allowed to enter only one. They must be 18 years old to legally bet. The South Korean government places a withholding tax of 22 percent to 30 percent on winnings from lotteries. All other gambling wins are non-taxable. The government, on the other hand, collect tax revenues from operators. 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 visit : 토토사이트의 안전놀이터.
However, if you usually pick favorites, betting online will be be much better as you will get much better odds. This is because when all the favorites win, alot of other people will be betting on them too so your share will be less. When using an online site, you don’t win money from a pool, but at the fixed odds specified by the site. Furthermore, 14-fold bets or accumulators (known as parlay bets in the USA) are known to be sucker bets, as this is where the bookies make a lot of their profits. The second game of Soccer Toto is predicting the first half and second half correct score in a single match. This is not offered online – and unless you are predicting scores that are not at all expected (such as a big underdog winning 3-0) this offers very little value to the punter. The third Soccer Toto game is predicting the correct score in 2 or 3 matches. Generally internet bookies offer far superior odds for this, usually having way better payouts than the soccer Toto provides.
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.