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Betting sites in South Korea

Sports betting in South Korea for October 2021

Author: Hugo Bourguignon

Hugo Bourguignon

Hugo Bourguignon

Greetings. I'm Hugo Bourguignon and I'm proudly one of the writers at MightyTips. I do a little bit of everything on this amazing website and I'm always analyzing the best opportunities for punters. From creating bookmaker reviews to bonuses offered, and much more.

Updated: 04.10.2021

Recently, lots of South Korean residents have been developing a taste for online gambling. There are a number of reasons for this, but perhaps the leading factor is the success of countryman Son Heung-Min playing in the English Premier League since signing for Tottenham Hotspurs. 

Read on if you’re looking to get to grips with this rising market, therefore, as we’re offering an in-depth picture of online betting in South Korea.

sports betting in south korea

List of Korean betting sites

Found: 3 bookmakers

8.8/10

  • Live streaming service
  • User-friendly mobile app for iOS and Android
  • Good customer support around the clock
  • We trust this sportsbook
  • Many restricted countries

Open an account with bet365 today and bet on a huge range of markets with the world’s favourite online sports betting company.

Up to €100 in bet credits

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Players from your country

8.0/10

  • Withdrawals: 65 methods / up to 15 min transactions (except for Visa, Mastercard)
  • TOP 5 in industry by betting market variety
  • Live broadcasts over 30,000 matches per month
  • Football Jackpot available
  • Many complaints on the web
  • Airtel
  • AstroPay
  • Bank Wire
  • Bitcoin
  • Ecocard
  • EcoPayz
  • Entropay
  • Euteller
  • Giropay
  • Interac
  • Maestro
  • MasterCard
  • MuchBetter
  • M-Pesa
  • Neosurf
  • Neteller
  • Paysafecard
  • Skrill
  • Sofort
  • Trustly
  • VISA
  • Quickteller
  • Perfect Money
  • Wema Bank
  • Western Union
  • Jeton
  • SticPay
  • ePay

Welcome Bonus up to €122

BET HERE Go to 22bet website 22bet review

Players from your country

South Korea sports betting – the ultimate guide

South Korea sports betting has always been popular but the launch of online betting brought the joys of gambling to a new audience. Millions of sports fans now love making predictions on their favourite teams and backing those picks in the betting.

The bookmakers listed on this page allow you to do just that. You can bet using your home computer or mobile app. You can gamble on the top sports and competitions with dozens of markets to choose from in upcoming fixtures. The best betting sites in Korea will even give you a welcome bonus free bet when you sign up.

History of sports betting in Korea

With many non-European countries, laws can be quite restrictive when it comes to gambling, and South Korea is one such example. However, even though the indigenous population can be fined if caught gambling deliberately, there are some exceptions that make online betting activities legal. 

South Korea Betting History

But before defining these exceptions, it’s important to clarify that the Korean government actually incites foreigners visiting their land to gamble. Currently, there are a total of 23 casinos based in the peninsula and, although Korean residents can be sent to jail for attending the majority of these casinos, the same doesn’t apply to foreigners, who are allowed to gamble as much as they wish. 

That doesn’t always stop Koreans though, as the vast majority of the population can speak fluent English, so they are not too far away from becoming a gambling nation.

Check out some curious facts regarding betting in Korea:

  1. Koreans can face up to three years in jail if caught attending casinos abroad
  2. Kangwon Land Casino & Hotel is the only casino based in South Korea that Koreans can actually attend without major restrictions
  3. Poker and football are the most popular gambling sports in South Korea
  4. Tottenham Hotspurs have become the most popular football team in South Korea

Even so, although the majority of casinos are forbidden to Koreans there is one they can actually attend: the Kangwon Land Casino & Hotel. With being located in a very remote area of the peninsula, the casino has been cunning enough to extend its customer base. Joking aside, however, Koreans still need to be aware of the intricacies of government concessions, being able to attend Kangwon for only 15 days of the month.

COUNTRY

🇰🇷

LANGUAGE

Korean

CURRENCY

Won / ₩

POPULAR SPORTS

⚽️ 🏎️ 🎾

IS BETTING LEGAL

✔️ (yes)

GAMING REGULATOR

Ministry of Science and ICT

GAMBLING TAX

Only applies to bookmakers

MOST POPULAR PAYMENT METHODS

Neteller, Skrill, Visa, Mastercard

There are a number of reasons why the local government doesn’t want its citizens involved with gambling too much, one of which is the general idea of the consequences of gambling addiction. This is perhaps why we don’t see Korean versions of all the best betting sites. 

FAQ

? Is it possible to claim free bets and bonuses from Korean bookmakers?

Yes, you can claim both free bets and bonuses of all kinds from Korean bookies. All you have to do is complete the requirements of the chosen offer and then you’ll have access to them.

? Is it legal to bet in South Korea?

Most betting activities are prohibited for Koreans, but it is possible to bet on foreign bookmakers without suffering serious consequences.

? Can I bet using Korean Won on foreign websites?

This is going to be a difficult task since very few sites will offer this possibility. The most common is betting in dollars or euros, mainly on European websites.

? Which sports are most popular in South Korea for betting?

Football is really the most popular sport in the country, especially the Premier League as one of Tottenham’s stars is South Korean.

? Are there physical bookmakers within the country?

No, although there are several casinos ‒ normally used by foreigners. The only way to bet on sports is via foreign websites.

How to pick the best South Korea betting site

When you say you want the best betting site, it means a mixture of personal preference plus quality. Here, we take into account both of these things and produce a guide that will help you find the ultimate bookmaker.

  1. Read up on our reviews

    When it comes to information, our bookmaker review page is invaluable. This page will help you to see some of the pros and cons of each bookie along with individual ratings on each feature, leading up to a final score.

    Man reading reviews
  2. Compare your bookmakers

    When you’ve got a decent list, you can then compare some of the ratings and features of each bookie. What does one have that the others do not?

    Man using magnifier
  3. Take the bookmaker for test drives

    You can test out some of the bookies you have picked from our list, allowing yourself to possibly warm to some, testing the usability and overall feel.

    Mobile registration
  4. Decide on your final pick

    After using the bookies, you should have a very good idea of which ones are ideal and which might not be up to your standards. Before signing up to anything, remember to check legislation and more.

    Man looking through magnifier

Mobile betting in South Korea

South Korea is notorious for having a high-tech population and these qualities are just as clear as far as mobile betting is concerned. You’ll find plenty of options for mobile online betting in Korea, including the most famous bookies worldwide, such as Betway and Pinnacle. 

With bookies of such caliber, you can expect the same standards of quality in the provision of a high-end mobile experience. Plus, Korean punters can get some juicy bonuses as well. 

Live betting is another very important factor to be considered when ranking bookies for the enjoyable mobile betting experiences they offer to Korean punters.

💯 Available betting features

Accumulator, Bet builder, Live stream, Cashout 

🏇 Popular gambling activities

Casino, sports betting, horse betting, lottery

🗝️ Keep in mind

More recently, South Koreans have started to be big on betting for a number of reasons.

🔣 Popular types of odds

Fractional odds

📈 Advantages

There are additional options to bet through sports toto and sports proto in addition to overseas bookies

📉 Disadvantages

The 22% gambling tax can eventually increase to 30%

With that said, we’ve picked the following: 

  1. 1

    Welcome Bonus up to €122

  2. 2
  3. 3

    Up to €100 in bet credits

  4. 4

    3 bonuses to choose from: 50$, 100$, 200$

Best betting apps in South Korea

South Korea Mobile Betting

Sports betting in Korea continues to grow in popularity at an impressive rate. Gamblers in the region bet legally with licensed bookmakers from overseas. The most famous names in the industry offer betting odds on your favourite sports and are accepting new players from South Korea today. 

You can join a licensed bookie and place bets on the sports you love but, to do so, you must have an account registered. This can be done in just a few minutes via our site. Browse the list of sports betting apps and click the link to get started.

Is sports betting legal in Korea?

Online sports betting in Korea can be done using Sports Toto and Sports Proto.

Top 3 South Korea betting apps

The best applications provide comfort and usability for their punters. Today, we’ll take a look at some of the best applications available within your country of South Africa, which offer an optimised betting app or mobile site for you to use.

Bet365 betting app

  • Live streams available
  • Trusted bookmaker
  • Popular payment methods on offer
  • User-friendly mobile apps for both iOS and Android

Open an account with bet365 today and bet on a huge range of markets with the world’s favourite online sports betting company.

bet365 mobile version

22bet betting app

  • Football jackpot
  • Live broadcasts every month
  • Top 5 in the betting market variety
  • Loads of withdrawal options
22bet mobile version

Betway betting app

  • More than one cashout option
  • Free bets and payouts
  • 100% first-deposit bonus
  • Lots of online markets with this bookmaker
betway mobile version

Online betting in South Korea

The aim of this review into Korean betting sites is to advise gamblers of the best, most modern and generous bookies around. Our team has researched the industry in detail, comparing the odds, offers, sports and even the mobile apps of the top firms targeting customers in South Korea.

Only after conducting many hours of professional research did we find ourselves in a position to publish our recommendations. Browse the Korean betting sites that appeal to you and click the link of your chosen bookie to get started. From there, you can register for an account quickly, deposit funds using an e-wallet or debit account, then place bets on your favourite sports. 

Each of the Korean betting sites listed offers a welcome bonus to new customers. These come in the form of a free bet, risk-free bet or enhanced odds and will be added to your betting account balance when your first bet has been placed on the site. 

The South Korea betting sites offering new customers a free bet when they sign up often make the amount equal to your first deposit. So, the more you add to your betting account with your first deposit, the bigger your bonus will be.

South Korea sports betting sites

For most of our readers, this will be the most important section of our review. Here, you’ll find details of the betting sites in South Korea we believe are worth your custom. These apps are legal, secure and exciting to use. They offer customers a welcome bonus free bet as well as a list of recurring promos for both new and existing players. 

Look through the list and choose the bookie that most appeals to you. Click the link to that betting site, and your journey will begin. We are confident in recommending any of the sites covered on this page and believe they will give our readers a fantastic online betting experience. The only difficult part will be choosing.

There’s nothing saying you must stick to just one betting app. You can open an account with more than one site and collect the free bet welcome bonus offered by each. This strategy also increases your chances of getting market-best odds on every bet you place.

Best betting sites in Korea:

Top 5 betting sites in Korea with the greatest bonuses

Top South Korea bookmaker bonuses

Everyone loves great bonuses and we obviously recommend trying to claim as many as possible, as it’s basically free money coming from sportsbooks. 

While some bookies will gain attention due to the number of bonuses offered, others will offer a higher percentage in the first deposit, or even hand out more free bets as a way of making up for it. 

There are also those who offer sky-high odds in order to tempt you with the possibility of boosting your punting profits.

Check out the best bookies with the best bonuses for sports betting in Korea:

  1. 22Bet
  2. Pinnacle 
  3. 188BET
  4. Betway
  5. Dafabet

22bey has bonuses for all bettors in South Korea

22Bet is a great option for those who want different types of bonuses. Apart from that, they offer a great welcome bonus of 123.400 KRW for new bettors, which could be used to bet in any sports available on their platform.

featured bookmaker 22bet

International bookies can legally operate in South Korea and, if you’re an experienced punter, you might already be familiar with the quality of the highest-rated international sportsbooks. 

Our criteria for this section involves a blend of robust gambling licenses alongside a good online reputation and, obviously, their popularity amongst Koreans. 

Check out the top 3 legal bookies in Korea:

  1. Betway
  2. 188BET
  3. Dafabet

Betway is an international top-rated bookmaker accessible in South Korea

Betway features two of the most important and safe gambling licenses out there: the Maltese MGA and the British UKGC, which give the company a top-rated bookmaker status not only in South Korea but around the world as well.

featured bookmaker betway

As with the benefits highlighted in previous sections, the most ideal payment methods can also be accessed via betting sites in Korea. Skrill is one of the largest spread methods in the peninsula when it comes to sports betting, while you can also use Visa.

However, it is also imperative to mention some local payment methods, as these are some of the most commonly used in Korea. In this context, we list KakaoPay as one of the most accessible and common payment options for Korean bettors to use.

Bookmaker Visa MasterCard Skrill Neteller
Bet365 15,000/30,000,000 WON 15,000/30,000,000 WON 15,000/9,000,000 WON 15,000/9,000,000 WON
Betway 15,000/30,000,000 WON 15,000/30,000,000 WON 15,000/9,000,000 WON 15,000/9,000,000 WON
22Bet 15,000/30,000,000 WON 15,000/30,000,000 WON 15,000/9,000,000 WON 15,000/9,000,000 WON
  • The e-Wallet Skrill is available for South Korean bettors.

    more
  • Korean punters can use this gigantic brand to process their transactions with bookies

    more
  • A great e-Wallet known worldwide for their great service

    more
  • Even though this brand is not used by many, it is still a good option for sports betting

    more
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Review Author

Hugo Bourguignon

Hugo Bourguignon

Greetings. I'm Hugo Bourguignon and I'm proudly one of the writers at MightyTips. I do a little bit of everything on this amazing website and I'm always analyzing the best opportunities for punters. From creating bookmaker reviews to bonuses offered, and much more.

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