TOTO betting in Korea. When you decide to bet in a major playground, there are a variety of factors that play important roles. But don’t worry at all! We make every step as easy as clicking buttons on your smartphone. Our organized community is where you become capable to bet without any hassle.
Article 246 of the Criminal Act states that any person caught engaging in any betting activity for the purpose of earning a profit is punishable by a fine of not exceeding five million won. Gambling activities for momentary pleasure are allowed. Those who are categorized as habitual gamblers can receive a prison sentence of up to three years or be required to pay a fine amounting to 20 million won. The said betting regulations are applicable to all Korean citizens regardless of where they play. The law applies even though the gambling activity is done outside the country’s borders and are strictly implemented to the dismay of many. Koreans face fines and prison sentences even if they engage in gambling activities in Macau or Las Vegas. To date, it is legal to gamble on bicycle racing and horse racing and to bet on basketball, baseball, football, golf, volleyball, and Ssirum, a traditional wrestling regarded as the national sport of the country. The locals can also try their luck in several lotteries. 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.
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.
Volleyball Toto is my personal favorite. This matches two teams together and you select 1) the correct set score and 2) the winning margin of the first set (2, 3, 4, 5, 6 or 7+). When this was a new game (2008-2010) if you boxed all possible set scores with all first set winning margins of 2 and 7+ you would have made an ROI of 75%. (This was amazing and sharp bettors made a lot on this). This is gone as the market has matured, but there are still inefficiencies. For casual bettors, what is offered online at 1Xbet for volleyball provides much more value – still there is room for pros to exploit market inefficiencies with this toto game. Golf Toto -There are several games in Golf Toto, one of my favorites pairs one player against eleven others. You select if he will win-draw-or lose against each player. A trick to finding +EV wagers is to pick him to beat 10 players and to lose to an eleventh who is a contender but not expected to win. This is essentially predicting first and second, and for the first choosing one of the lesser popular players with a chance. For casual bettors again online offers better odds. There is however two more golf toto games that are decent as far as lottery is concerned. These are 1) Special Game – predict 5 or 7 player’s 1st round score and 2) Win/Draw/Loss Game – Predict 5 matches’(10 player) Win-Draw-Lose.
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.
SportsToTo는 축구, 야구, 농구, 배구, 골프 및 ssireum과 같은 가장 인기있는 한국 스포츠에 베팅을 제공합니다. 그러나 고정 확률 및 달리기 확률 형식 만 있습니다. SportsToto와 내기를 걸 수있는 단말기가 전국 곳곳에 있습니다. 이 스포츠 베팅 서비스는 모두 국가 기관이며 한국에서 스포츠 베팅에 대한 라이센스가있는 유일한 업체입니다. 그러나 도박 불확실성과 제한된 스포츠 베팅 옵션으로 인해 가장 인기있는 도박 웹 사이트는 아닙니다. 그러나 한국 카지노는 외국인에게만 제공됩니다. 지역 주민은 한국의 한 카지노 인 강원 랜드에서만 허용됩니다. 버려진 광산 개발 지원 특별법에 따라 지역 주민의 입국 제한이 완화된다. 온라인 도박은 대한민국 법률에 따라 엄격히 금지됩니다. 그 이유는 한국의 법률이 육상 및 온라인 도박을 구별하지 않기 때문입니다. 형법 제 247 조에 따르면, 대한민국에서 불법 도박을하는자는 형사 고발의 대상이며 5 년의 징역 또는 3000 만원 (약 26,000 달러)에 해당합니다. 이 조항은 온라인 도박과 관련된 조항입니다. 복권의 온라인 판매 만 허용됩니다. https://www.greenorangegames.com/
한국의 온라인 스포츠 베팅 : 스포츠 베팅의 유일한 법적 형태는 스포츠 토토 (Sports Toto)와 프로토 (Proto)이며, 한국 경마대가 제공하는 합법적 인 경마 베팅이 있으며, 이들 중 누구도 온라인 플랫폼을 가지고 있지 않으며 외국 온라인 북 메이커 기소 된 경우 기소되지만 거의 발생하지 않습니다