Online Betting in Korea – Compare Best Sports Betting Sites in Korea for 2023

Welcome to our guide to sports betting sites in Korea. We’re going to reveal everything you need to know the Korean sportsbook scene, including reviews, information regarding bonuses, betting tips and much more. Let’s start with a list of our favourite Korean sports betting sites.

Contents

Best Sports Betting Sites In Korea 2023

  • All

15% Cashback For First 7 Days

12/25/22

15% Cashback For First 7 Days

  • Best rated Korean sportsbook
  • Cryptocurrency betting specialist
  • Great range of eSports
9.8
5 Stars
NO CODE REQUIRED
Claim Bonus
0

100% Deposit Match Up To €150

12/25/22

100% Deposit Match Up To €150

  • Win big with betting tournaments
  • Large choice of sports and eSports
  • Attractive live section
9.8
5 Stars
NO CODE REQUIRED
Claim Bonus
0

$2000 + $10 Free Bet

12/25/22

$2000 + $10 Free Bet

  • Generous welcome bonus
  • Good pick for baseball fans
  • Many Korean payment methods
9.7
5 Stars
NO CODE REQUIRED
Claim Bonus
0

200% Welcome Bonus Up To ₩750000

12/25/22

200% Welcome Bonus Up To ₩750000

  • Double your money welcome offer
  • Special birthday bonus
  • 10% sports cashback
9.6
5 Stars
NO CODE REQUIRED
Claim Bonus
0

Sports Welcome Bonus Up To 1 BTC

12/25/22

Sports Welcome Bonus Up To 1 BTC

  • One of the best Bitcoin bookies
  • VIP program
  • Competitive prices
9.4
5 Stars
NO CODE REQUIRED
Claim Bonus
0

50% Deposit Match, Up To KRW 300,000

 

12/25/22

50% Deposit Match, Up To KRW 300,000

 

  • Asian betting giant
  • In-depth statistics section
  • Korean language option
9.2
5 Stars
NO CODE REQUIRED
Claim Bonus
0

100% Matched Deposit Bonus Up To 5 BTC

12/25/22

100% Matched Deposit Bonus Up To 5 BTC

  • Bet with Bitcoin at Cloudbet
  • Absolutely huge deposit bonus
  • Large limits
9.1
5 Stars
NO CODE REQUIRED
Claim Bonus
0

100% Deposit Match, Up To €100

12/25/22

100% Deposit Match, Up To €100

  • Newcomer to Korean betting scene
  • Excels with football coverage
  • Wide number of promos for existing users
9.0
5 Stars
NO CODE REQUIRED
Claim Bonus
0

Reduced Margin Pricing Model

12/25/22

Reduced Margin Pricing Model

  • The choice for high-rollers
  • Margins as low as 2%
  • Limits of $100,000+
9.0
5 Stars
NO CODE REQUIRED
Claim Bonus
0

20% cashback on losses

12/25/22

20% cashback on losses

  • Lots of fun betting competitions
  • Crypto betting pioneer
  • Loyalty Garage rewards your play
8.8
4 Stars
NO CODE REQUIRED
Claim Bonus
0

Top 10 Sports Betting Sites in Korea

Here’s a little more information about the top sports betting sites online.

  1. Lucky Block – Crypto specialist is our favourite
  2. Ivibet – Brilliant for betting tournaments
  3. Bons – Excels at baseball
  4. Tedbet – Double your money welcome offer
  5. BC.Game – One of the top crypto sports betting sites
  6. Dafabet – Strong welcome bonus and promotions
  7. Cloudbet – Very large betting limits
  8. 20Bet – Top pick for regular promos
  9. Pinnacle – The choice for high-rollers
  10. Fortunejack – Unique VIP club

Best Sports Betting Sites Reviews – Top 5 in Korea

Now we’re going to go into more detail regarding the cream of Korean sports betting sites. Here’s our reviews of the top 5 sports betting sites.

1. Lucky Block – 15% Cashback For First 7 Days

Lucky Block Best Online Betting Site in Korea

Established in 2021, Lucky Block is a crypto-friendly online sportsbook. They’ve even established their own $LBLOCK cryptocurrency, alongside the many that they accept. Odds are very competitive, with +35 sports covered that include those of interest to Korean bettors, with in-depth eSports coverage.

Their welcome deal is 15% cashback on any losses, which could amount to quite a sum, but is not the most generous offer. Your bets will enter you into a draw to win $10,000 worth of $LBLOCK crypto though. The loyalty bonus scheme is another generous promo that will keep players happy. Lucky block is our choice as the pick of the sports betting sites that we reviewed.

Pros:

  • Has own LBlock cryptocurrency
  • Over 35 sports covered
  • Super fast and easy registration process

Cons:

  • Could have a more generous welcome offer

2. Ivibet – 100% Deposit Match Up To €150

Ivibet - Sports Betting Site in Korea

The first thing that struck us when we checked in at Ivibet was the attractive and easy to use live section. Ivibet covers more than 40 sports, with football being something of a speciality. Odds for football are particularly generous and there’s lots of betting markets.

If you like to bet big, you’ll find high winning limits here, which should have you covered. There’s also plenty of betting tournaments and a 100% deposit match for new users. With Ivibet already having an impressive offering for a site that was only launched in 2022, we expect this brand to become a major player as more features are added.

Pros:

  • Great for football betting
  • 40+ sports covered
  • Lots of betting tournaments

Cons:

  • Low maximum withdrawal limit

3. Bons – $2000 + $10 Free Bet

Bons - Sports Betting Site in Korea

Bons started life as an online casino and added a sportsbook to the mix in 2021. Their welcome offer is an eye-catching one, doubling your initial deposit up to a generous limit. That will get your account off to a flying start, with more than 35 sports covered and baseball and football being particular specialities.

There’s plenty of bonuses for existing users, including a loyalty program and cashback deals. Bons has a unique retro 8-bit design which we really liked, helping this newcomer to stand out from the crowd. With a wide range of Korean payment options, this is a strong choice for bettors from South Korea.

Pros:

  • Very generous welcome offer
  • Cool retro design
  • Good choice for baseball fans

Cons:

  • No live streaming

4. Tedbet – 200% Welcome Bonus Up To ₩750000

TedBet - Korea Sports Betting Site

Tedbet is another bookmaker available to Korean users, where your initial deposit will be doubled. They also give you a special bonus on your birthday, while you can also get 10% cashback on any losses. With sports betting tournaments where you can win $10,000, Tedbet give you plenty of opportunities to add some extra money to your account.

There’s 30 sports covered and with Tedbet only having been launched in 2022, we expect more will follow. They’re already providing some strong eSports coverage, with live streaming available of contests available.

Pros:

  • Double your money with welcome offer
  • Bonus on your birthday
  • Live streaming of eSports

Cons:

  • Not enough payment methods

5. BC.Game – Sports Welcome Bonus Up To 1 BTC

BC.Game - Trusted Online Betting Site in Korea

BC.Game is a crypto-specialist bookmaker that supports a huge number of cryptocurrency options. The other aspect that BC.Game concentrates on is offering very competitive odds. That’s a pretty compelling pair of specialisms that will appeal to many Korean bettors.

The VIP program is also impressive, rewarding your betting with plenty of perks. If we had a criticism, we’d like to see some non-crypto payment methods supported, such as eWallets and the payout limits are a little slimmer than what’s being offered elsewhere.

Pros:

  • Cloud-based wallets
  • Strong odds
  • Fast payouts

Cons:

  • Only offers crypto payments

How we Rank Korean Sports Betting Sites

You might be wondering how we go about ranking sports betting sites. Here’s some of the criteria that we considered when coming up with our list of the top 10 online sports betting sites.

Bonuses and Promotions

You’ll get a welcome bonus when you sign up as a new user, but they’re not always as generous as they first appear, so we thoroughly check the terms and conditions. We like to see a regular flow of promotions available to existing users.

Customer Service and Usability

Online betting sites need to be easy to use. That means good design and everything working properly. Inevitably there will be the odd problem, which is when you need a helpful customer service team, that are available 24/7, to step in.

Extra Features

There are a lot of extra features that really improve the betting experience, such as a Bet Builder function, Cash Out and live streaming. We also expect to see dedicated sports betting apps, which make using sports betting sites on mobile devices much easier.

Markets and Odds

Sportsbooks should feature a wide range of sports and types of bets, including ones which are of niche interest and eSports. A large percentage of the markets offered should be turned live when an event starts, along with specific live markets. Odds should be competitive, both pre-event and live.

Payments and Security

When it comes to making deposits and withdrawals from an online sportsbook, we like to see a wide range of options, including cryptocurrencies. Considering that you’re entrusting bookies with your payment and personal details, having safe sports betting sites that you can rely upon to keep your information secure, is very important.

Key Features of the Best Online Sports Betting Sites in Korea

Below you’ll find a table that shows the features available at the best sports betting sites.

Sportsbook Live Betting Live Streaming eSports Betting Minimum Deposits
Lucky Block fa shield No fa shield 0.001 BTC
Ivibet fa shield fa shield fa shield $10
Bons fa shield No fa shield $10
Tedbet fa shield fa shield fa shield $10
BC.Game fa shield No fa shield 0.001 BTC
Dafabet fa shield fa shield fa shield 7,000 KRW
Cloudbet fa shield fa shield fa shield 0.001 BTC
20Bet fa shield No fa shield 10,000 KRW
Pinnacle fa shield No fa shield $10
Fortunejack fa shield No fa shield 0.01 BTC

How Sports Toto Compares to the Best International Sports Betting Sites in Korea

The only legal online betting options available to Korean users are state owned. Sports Toto is purely a pools-based product, while Sports Proto operates as a traditional sportsbook. The latter doesn’t offer value odds, which is no surprise considering that the government have essentially created a situation where Sports Proto has a monopoly.

Unsurprisingly, many bettors in Korea prefer to use international sports betting sites, which offer better odds, more features and plenty of promotions. With many international competitors, these online betting sites have to fight it out for the custom of bettors and that naturally results in a better product for the user. Though technically illegal, there are lots of people in Korea that take the route of using international sportsbooks, taking the precautions of using VPN software and discreet payment methods to safely conceal their activity.

South Korea Sports Betting Sites Bonuses

If you sign up with a Korean sportsbook you will receive a welcome bonus. There are different types of bonuses available and we’re going to take you through some of the ones that you’re likely to see.

Deposit Bonus

This is the most common welcome bonus that you’ll see in South Korea. You make your first deposit and the bookmaker will multiply it by a certain percentage, which they will give you as a bonus. Generally they will 100% match your offer, but sometimes there can be different percentages, with more than 100% not uncommon. Here are our favourite deposit bonus welcome offers.

  1. Bons – $2000 + $10 Free Bet
  2. Tedbet – 200% Welcome Bonus Up To ₩750000
  3. BC.Game – Sports Welcome Bonus Up To 1 BTC

Risk Free Bet

Another type of welcome offer is a risk-free bet. With this offer, you really can’t lose with your first wager. You place your first bet and if it’s a winner you’ll be celebrating, while if it loses you’ll receive your stake back. This deal means that you can take a chance on your first bet and make a selection at large odds, knowing that the worst that can happen is that your stake will be returned.

Cashback

Finally, we come to cashback deals. With this sort of welcome offer, you get a guaranteed amount back from any losses, for a certain amount of time when you first open an account. Here is the best cashback deal currently available to Korean users.

  1. Lucky Block – 15% Cashback For First 7 Days

Key Bonus Terms for Betting Offers in Korea

When you take advantage of any kind of bonus or promotion at Korean sports betting sites, there will be terms and conditions to adhere to. Here are some of the most common terms that you will come across.

  • Eligible Markets – Very often the offer will state that only certain types of markets are eligible, or will specify types of markets which are ineligible.
  • Expiry Dates – There will generally be some kind of expiry date on any promotion. So if you get given a free bet for example, you may have seven days to use it, before the offer is revoked.
  • Minimum Deposits – If you’re taking advantage of some kind of deposit bonus, there will normally be a minimum level of deposit that you have to make in order to get the bonus.
  • Maximum Deposits – There will also be a maximum deposit limit set. So if the sportsbook will 100% match your first deposit, up to a maximum of $100 and you deposit $150, they will only give you the maximum of $100 as a bonus.
  • Wagering Requirements – When you receive a bonus, there could be wagering requirements, where you have to bet the bonus amount a certain amount of times before any winnings can be withdrawn.

New Sports Betting Sites in Korea

Experience counts for a lot with bookmakers, but the newest sports betting sites also bring plenty to the table. Though you can expect more established bookies to be packed with features, having had years to develop those products, newcomers can bring a level of innovation into the mix.

Many new sports betting sites are choosing to specialise in accepting cryptocurrency payments, or deliver comprehensive eSports betting coverage. To stand out in such a crowded marketplace, new sites have to offer something a little different to attract users. Sometimes it’s something as simple as a fresh take on a welcome bonus.

Here are our three favourite sports betting sites that are new to the scene.

  1. Lucky Block – 15% Cashback For First 7 Days
  2. Ivibet – 100% Deposit Match Up To €150
  3. Bons – $2000 + $10 Free Bet

How to Choose Korea’s Top Sports Betting Sites

For Korean sports bettors looking to use international sportsbooks there are several factors to consider. Here are some of the most important issues.

Does the Site Accept Korean Bettors?

This is obviously the most important issue. As you need to use a VPN to safely use international sportsbooks, you may find that you can access a sportsbook by disguising your location, but that they do not actually accept Korean players when you come to register. The most reliable sports betting sites for Koreans are the ones that we recommend, which all welcome users from the country.

Is the Sportsbook Available in Korea?

A good indicator of whether a sportsbook will be available to users from Korea is whether they support the Korean language. At most bookmakers the language option will be displayed in the top corner of the screen and you can choose a new language from a drop-down menu.

Is the Korean Won an Accepted Currency?

For many users it will be far more convenient if the Korean Won is available as a currency. If a site welcomes Koreans users and has the Korean language option, then it’s likely that the Won will be supported also.

Does the Site Support Local Payment Methods?

For Korean users wanting to use international sportsbooks, it makes sense to use discreet payment methods such as eWallets or cryptocurrency. It’s therefore important to find a sportsbook that supports at least one of these methods.

Most Popular Markets on the Best Sports Betting Sites in Korea

In this section we’re going to take a look at some of the most popular and major sports to bet on in Korea.

Korean Baseball Betting Sites

The biggest domestic sports competition in Korea is the KBO League. It’s fair to say that it ranks third in the world’s top baseball competitions, behind the MLB from the US and Japan’s NPB.

Not every bookmaker covers the KBO League in as much depth as we’d like, so it pays to check before signing up if this is a competition that’s important to you. MLB is covered in-depth by most bookies, with a wide range of pre-game and live markets available.

Bons is our favourite site for baseball betting.

eSports Betting Sites in Korea

The fastest growing sector within the betting industry is eSports. Meanwhile, there’s perhaps no other nation where eSports is more popular than Korea, with pro-gamers earning celebrity status in this video game-mad country.

A lot of Korean sports betting sites actually place an emphasis on eSports over regular sports. Even the more traditionally minded sportsbooks tend to cover eSports thoroughly, with betting on games such as Starcraft, League of Legends, CSGO, Dota 2, FIFA, and Rainbow Six.

Lucky Block is our favourite site for eSports betting.

Korean Football Betting Sites

Football is the most popular sport to bet on in the world and that’s true for Korea also. The domestic K1 league attracts a lot of attention, while the exploits of a national team that includes the South Korean superstar individual player Heung-Min Son, create a big betting buzz.

Son plays “the Beautiful Game” for Tottenham in the English Premier League, which is the most popular foreign league to bet on. The other major European leagues and the Champions League also interest Korean football fans.

Ivibet is our favourite site for football betting.

Volleyball Betting Sites in Korea

Volleyball doesn’t tend to be a huge sport in other nations, but it’s very popular in Korea. The V-League was founded in 2005 and run separate men’s and women’s leagues.

There are also South Korean international teams that receive great support, in addition to tournaments and leagues across the world. With volleyball not being all that popular internationally, not every bookmaker covers the sport in huge detail, so it’s worth checking to see what’s on offer.

Tedbet is our favourite site for volleyball betting.

Betting in Korea on Other Sports

Golf and tennis are two sports which are popular to bet on across the world, including Korea. Then there is basketball, with Korea having the KBL and NBA being the top league internationally. Other major US sports such as American football and ice hockey are available to bet on in Korea, as are plenty of other sports which attract niche interest.

Where to Find the Best Odds on Top Online Sports Betting Sites in Korea

When you place a bet you will want odds that are at the very least, competitive. This is one of the many reasons that Koreans use the best payout sports betting sites from around the world, with the state-run alternative not offering much value.

We recommend having a portfolio of sportsbook accounts, which means that you can compare the prices when there’s a bet that you want to make. Here are three bookies that we think consistently deliver when it comes to providing good value odds.

  1. BC.Game – Sports Welcome Bonus Up To 1 BTC
  2. Ivibet – 100% Deposit Match Up To €150
  3. Lucky Block – 15% Cashback For First 7 Days

Payment Methods Available to Korean Bettors

As we’ve touched on, payments are an important aspect to consider for Korean bettors. We’re going to look at some of the options available and their pros and cons.

Bank Transfer

Bank transfer is not a method that makes that much sense for Korean users. For one it’s slow, with transactions sometimes taking hours or even days to go through. Then there’s the fact that it creates a link between your bank account and sportsbook account, which could get you in legal trouble.

Debit & Credit Cards

Debit and credit cards are a fast payment method, though there can be transaction fees. In many ways this would be the most convenient method for most Korean users, if it wasn’t for the fact that it establishes a link between your personal finances and betting account.

eWallets

Electronic wallets create a degree of separation between your personal bank account and your betting account. Transactions are essentially instantaneous and fees are low. The most popular eWallets in Korea include PayPal, Naver Pay and Kakao Pay.

Payment Method Fees Min Deposit Min Withdrawal
Credit/Debit Cards 1.5% $1 USD $1.50 USD
E-Wallets 0.5%-3% $1 USD $1.50 USD
Cryptocurrency 0% $1 USD $1.50 USD
Bank Transfer 0% 0.00003 BTC 0.000045 BTC

Cryptocurrency Sports Betting Sites in Korea

When it comes to being discreet with your payment method, nothing comes close to cryptocurrency for privacy. There are an increasing number of sports betting sites that accept Bitcoin and other cryptocurrencies. We’re going to run through some of the options.

Best Bitcoin Sports Betting Sites

Bitcoin is the best known type of cryptocurrency. Consequently it’s the most common type of cryptocurrency that you see accepted at bookmakers and the currency that tends to be highlighted by bookies that specialise in cryptocurrency.

Our pick of the best Bitcoin sports betting sites is Lucky Block.

Best Ethereum Sports Betting Sites

Another very popular type of cryptocurrency is Ethereum. For bettors looking to keep their payments private, it’s a very good option and in our experience tends to be accepted by the majority of crypto-friendly sites.

Our pick of the best Ethereum sports betting sites is BC.Game.

Best Litecoin Sports Betting Sites

Though Litecoin is not as well known as Bitcoin, it has one advantage. Transactions with Litecoin are up to four times faster than Bitcoin, so this could be the cryptocurrency to go for if you you’re after super-quick payments.

Our pick of the best Litecoin sports betting sites is Cloudbet.

Korean Betting Apps & Mobile Sports Betting

Some 94% of Koreans owns a mobile phone. Therefore, more than most countries, being able to access their chosen sportsbook via their mobile device is a priority. Pretty much all sports betting sites have mobile-optimised websites that ensure that you can easily use the sportsbook on the smaller screen.

Even better are dedicated sports betting apps for iOS and Android devices. They’re more secure, faster and are specifically designed for mobile phones and tablets. Here are our three favourite mobile apps for sports betting sites.

  1. Lucky Block – 15% Cashback For First 7 Days
  2. Dafabet – 50% Deposit Match, Up To KRW 300,000
  3. Ivibet – 100% Deposit Match Up To €150

How to Sign Up to Sports Betting Sites in Korea

If you’ve never signed up with an international bookmaker before, you may be a little nervous about the process. We’re going to take you through every step, using BC.Game as an example. You’ll find that the process is similar, regardless of which of our recommended sports betting sites you choose.

Step 1: Visit BC.Game

South Korea Sports Betting Mobile

Use your VPN to disguise your location and then go to the BC.Game website. Click on the ‘Join’ button to begin the sign-up process.

Step 2: Register Your Details

South Korea Sports Betting Sign Up

Enter your personal details, select a username and password and agree to the terms and conditions.

Step 3: Deposit Funds

South Korea Sports Betting Deposit

Now it’s time to add some funds. Choose a deposit method, the amount that you wish to add and confirm your decision.

Step 4: Place Your Bets

South Korea Sports Betting Wager

With money in your account, you can now place your first bet. Select a sport and event, pick out the bet that you’d like to make and select your stake, before confirming.

Online Gambling Law in Korea

The only online gambling options that are legal in South Korea are both run by the state. Sports Toto offers pools betting, while Sports Proto is a regular sportsbook.

In the case of the latter, the odds are not particularly appealing, as Sports Proto have something of a monopoly with Korea. For that reason, a lot of bettors user international sites. While this is technically illegal, in practice you’re unlikely to encounter any legal repercussions, as long as you take precautions such as using a VPN to disguise your location and use payment methods such as eWallets or cryptocurrency.

Our Best Betting Tips for Korean Bettors

If you’re going to be using sports betting sites then it’s a good idea to have some strategies to fall back on. Here are some betting tips to consider.

Tip 1: Gentle Steps

Be cautious when you first start gambling. Keep the stakes low and stick to sports and events that you follow closely. When you get used to betting, the different types of markets available and wagering on live events, then you can be a bit more adventurous in your choices.

Tip 2: Research Works

If you stick to sports that you know and love when starting out, you’ll find that doing your homework is a pleasure rather than a chore. By doing research on any event that you’re planning to bet on, you’ll discover instances when the statistics highlight a good value wager. Also make sure you keep up to date with the latest news around any sporting events, such as team selection and injuries.

Tip 3: Don’t Chase Losses

If you have a losing bet, it can be tempting to place another to try and recoup your losses. Always try to keep cool when gambling and don’t let your emotions get the better of your decision making. It is of course disappointing to lose, but it’s far better to go away, do something else and forget about it, than to act rashly and make things worse.

The Last Word on Best Sites for Betting in Korea

We hope you enjoyed our article on Korean sports betting sites. As you will have seen, sports betting fans in Korea have plenty of quality choices these days. Our absolute favourite is Lucky Block.

Sports Betting Sites Korea FAQs

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