Being a relatively young nation, South Korea is one of the most popular technologies and entertainment industries in the world. It was formed at the end of World War II and, in 1948, got parted from North Korea. Well, if we keep all the politics aside, Koreans are one of those nations who have enjoyed a good gamble for so long. As long ago as the 6th century, the Korean Peninsula wagered the fighting games. After that, there were only board games like Chnag-gi and card games to do sports betting. Cheongdo So Ssa-eum is a game of bullfighting between two bulls, and Ssirum, which is like the Sumo wrestling, is also the sport for betting and gambling in South Korea.
Ban on Sports Gambling in South Korea
In the 1950s, the South Korean Government has put a complete ban on all types of betting and gambling. But foreigners were allowed to gamble in the casino, which was specially built for them, and an exception for horseracing was also made. Horseracing has been the very important part of Korean culture since 1898. A racecourse was established at Ttuksom in Seoul in May 1954. This racecourse was formed under the Korea Racing Authority (KRA) auspices. The modern Seoul Racecourse was opened in Gwacheon in 1989, and before that, the Ttuksom racecourse was the hub of Korean horseracing.
Sports betting have the call
South Korean has the fastest internet in the world, and with it, gambling can be of different scale in the country. But due to the ban, South Koreans are not averse to sports events. Around the upcoming sports tournaments, South Koreans arrange their schedule on a regular basis. Major sports events like the FIFA World Cup and the Olympic Games are the events where more and more people are likely to place their bet.
Types of Live Sports Betting
There are two types of live sports betting offered by the local operators. These are Sports Toto and Sports Proto.
Sports Toto Betting
Sports 토토 has the purpose of pari-mutuel betting on sports events. Toto betting sports include baseball, basketball, football, and traditional Korean wrestling. For Football, the gambling market offers many forms of wagering options. Therefore, it receives the biggest bets.
Sports Proto Betting
Fixed-odds betting is mostly offered by the Sports Proto. This is the type that gives the bettors more chances of getting the payout, which will multiply the stake. It is up to bettor which type of betting type he chooses to place the bet.
The popularity of online sportsbook in South Korea
In Korean, the live sports betting market does not work much with the abysmal odds. Whereas the popularity of online sportsbook sites in South Korea is also increasing. Despite the fact that gambling is banned in Korea, it is increasing rapidly in the local market. This is because of this reason why officials of the country usually overlook the activity and classify them as a recreational act of gambling.
Gambling in South Korea: Korean Proto & Toto
When we are considering the terms for sports gambling in Korea, there are only two alternatives. These alternatives are Toto and Proto. These sites offer the best betting and fixed-odds units. In Korea, only two companies are present who offer to bet on football, baseball, basketball, volleyball, and golf. Apart from these companies, a large number of total websites also offer the best sports gambling. You can do sports betting in Korea with the help of Toto websites.
Online websites are, without any doubt, is the best choice for online betting, as online betting includes only those websites which are licensed and legal in foreign countries. These websites are also the number one source of knowing better odds and amazing niches. Toto and Proto can be equally operated in a country like South Korea only if you the proper use of it.