Recommended for safe TOTO site: While the gambling laws remain largely unchanged in the past decade, the Korean government is more open to allowing gambling activities in the country. Many of the locals who are not happy with the lone casino in the country often find comfort and enjoyment in online sports betting websites. Technically, online sports betting is illegal for South Koreans but not for tourists. Foreigners, expats, and tourists are free to gamble anywhere and any way they find convenient for them. Since most of the sports betting options available in the country do not have competitive odds compared with Western leagues, most of the foreigners use online sports betting sites to get the best odds for a particular sport.
Football refund offers: Another type of promotion you will often see are the so-called refunds. As the name suggests, instead of losing you will get your wager back in certain cases. A good example of that would be the classic football refund offer if a game finishes 0:0. A lot of bookies will give your money back if you placed a bet on another correct score. This is probably the most common example, but you will be able to find plenty of different promotions that will bring your bet back under certain circumstances. This often provides great opportunities to find some positive expected value. Let’s take a look how this works by using the 0:0 moneyback example I mentioned above. The first step would be to find a correct score option different from 0:0 where the odds of the bookie and the lay odds on a betting exchange are close.
A popular betting strategy is to take a look at teams that are favored in an away game after getting blown out in their previous game. These teams are clearly stUSDg enough in talent to be still favored on the road after a big loss which means they have a lot of actual talent and substance that the oddsmakers still like. These teams are also going to be fired up after getting embarrassed. Teams that have been blown out by 15 or more points and are still road favorites in their next game have covered the spread over 60% of the time in the last 10 years.
The first major difference is the maximum bet is W100,000 (~92 USD). This is however a good thing if you understand gambling odds. I say this because the taxes range from 73% to 80% and the profit to the KRA ranges from 4% to 11% in each pool. No matter if you make straight or exotic bets, only 16% of the pool is paid back to gamblers. While there are some decent tracks in Korea you can read about in English here this has such poor value it does not really make sense to bet Korean races.
However, there are many ways for Korean betting fans to get around it by using offshore sportsbooks to place their bets. To help Korean sports gambling fans, here are the best sports betting websites that are friendly to Koreans. If you only bet soccer (football) Asian bookies are a fantastic option. You will discover all the Korean leagues, also English Premier League (EPL), La Liga, Serie A, Bundesliga, and others. You’ll find American and tennis sports like NBA basketball and MLB baseball are coated too. However, if you are interested in betting other Korean sports such as basketball, volleyball and baseball you will probably be disappointed with the fact that these aren’t well coated (if covered at all) from the significant Asian bookies. In fact, as we talk on this webpage, overseas bookies often offer a far better experience overall. See more info on www.mtsite77.com.
Let’s start with 2 team 6 point (-110) teasers. As you might already know, to break even at -110 you need to win 52.38% of your bets. The formula used to calculate this is risk divided by return, where return equals stake plus win. For example, a bettor risks $110 to win $100, the return is $210, so the math here is $110 risk/$210 return=0.5238 which is 52.38%. This is how often “both” legs of a teaser must win for the bet to be break even. In order to do any sort of statistical analysis of teasers, we need to ask ourselves “how often must each leg individually win to achieve a 52.38% win rate?” To calculate this, what we need to know is what number times itself equals 0.5238. Using a square root calculator, we find 0.7237 x 0.7237 = 0.5238. This means that each individual leg must win 72.37% of the time on average for the teaser bet to have neutral (break even) expectation. To keep from getting math intensive, I’ll simplify things and tell you to Google search “Moneyline Converter”, plug in 72.37%, and see in American odds format that this equates to a moneyline of -262.
Even though “on average” bookmakers have a 4.55% advantage on straight bets (2.38% @ -105), the key word is “average”; advantage players find bets where the bookmaker’s advantage is negative. Whether your goal is to be a sports betting pro, or just earn a little money on the side, the first step to winning is to stop making –EV bets. If you understand what expected value, -EV, and +EV mean, go ahead and skip down to our advice on finding +EV bets. If you’re not familiar with this concept continue reading. Expected Value (EV) Explained: Expected value is a term professional gamblers use on a regular basis. To explain what it means in simple terms I’ll use an example. Let’s say me and you decided to have a coin flipping contest. We flip coins and you give me $1 for each outcome of heads; I give you $1 for each outcome of tails. We could flip coins for all eternity and neither of us will ever have an advantage because on average half the time we lose $1 half the time we win $1. While there will be swings back and forth, as long as we flip the coin enough times eventually we’ll both break even. This particular bet has neutral expected value.
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