Analyze sports games – Sports betting in Korea
Sports games analysis and Sports betting in Korea 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.
Betting in Korea with TOTO game on safe websites. Guessing the correct halftime scores are often not available online. This type of bet is only worthy if punters predict an unlikely score. Predicting the accurate score in two or three matches have the best odds among online bookies. They are popular for online bettors because of the far better payouts.
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 check 토토사이트의 안전놀이터.
Skrill is an online bank account that is extremely popular for making deposits and withdrawals to online gambling sites in Korea. If you are serious about using euro gambling sites open an account at www.skrill.com in euro (NOT South Korean won) currency. Although Skrill supports won currency, deposits are converted from won to euro when depositing and from euro back to won when withdrawing. All these conversions will involve a lot of currency exchange fees, which means you will be losing money each time you deposit and withdraw money. The easiest way is to deposit and withdraw in Euros and then withdraw these to your bank account or at an ATM machine. By doing this you will only have to pay exchange fees once, rather than several times. Trust me on this tip and understand, once you select your currency you cannot change it unless you use Skrill enough to become a VIP. Upon joining Skrill immediately begin the process of verifying your account as this takes a while. One step is confirming your address. When you request this verification they will send a letter to your home with a code on it that you will need to enter online when it arrives. The second stage in the verification process is bank verification. This can be done at the same time you fund your account, by funding it with a bank wire.
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.
Online sports betting in South Korea: the only legal forms of sports betting are the state backed Sports Toto and Proto, there is also legal horse race betting offered by the Korea Racing Authority, none of these have online platforms, players of foreign online bookmakers are prosecuted if caught, but that seldom happens