Comparing Sports Betting Between Welsh and South Korean Gamblers
Sports betting in Wales is quite popular, yet generally, Welsh gamblers are into it only to make watching the games of their favorite team more exciting. Unlike their British counterparts, many sports bettors in the UK wager on various types of sports as a full time profession. Welsh gamblers have a lot more in common with Asian bettors, particularly South Koreans, who also engage in sports wagering as mere enhancements to sports entertainment.
The UK Gambling Commission’s (UKGC’s) latest statistical data show that in 2018 gambling participation among Wales went down from a previous 55% in 2016 to 52% in 2018. However, only 5% were noted to have participated by way of online gambling, despite the fact that online gambling in Wales is legal since bookmakers operate under the strict supervision of the UKGC.
Both Welsh and SoKor Gamblers Show Low Participation in Online Sports Betting
Welsh’s low percentage in online gambling participation is another similarity shared with SoKor sports bettors. However, the reason why online sports betting, or 토토사이트 is not as widely patronized in the Republic of Korea (ROK) is because sports wagers are mostly placed with the government-backed Sports Toto.
Sports Toto was established in connection with the ROK government’s easing of gambling laws, which led to the legalization of betting on different types of sporting events in the country.
Although there are online sports betting sites in South Korea, wagers are placed with caution because the government does not grant licenses to independent bookmakers for them to legally offer betting markets whether land-based or online. While the low number of online sports participants is a similar characteristic shared between Welsh and ROK bettors, the low number of the latter group is due to government restrictions.
That being the case, ROK or SoKor bettors turn to online sportsbook because toto sites offer a wider range of betting markets, as some are linked to offshore-licensed bookmakers like BET365.
Another similarity between Welsh and ROK bettors is their fondness for football. To which they show support by placing wagers on games involving their favorite team/s, Favorites are not limited to homegrown teams but may also include the rugby champions of UK and other European countries.
Difference in Sports Betting Practices Between Wales and South Korea
Welsh gamblers do not have to observe betting limits while South Koreans placing sports wagers at Sports Toto is capped at KRW 100K, which is roughly equivalent to GBP64.00 or USD89.00. This is another reason why many ROK bettors place wagers at toto sites that have higher betting limits.
When it comes to gambling behavior, Welsh problem gamblers make up about 7% of Wale’s population. The figure is actually an improvement as it went down from the 8% reported in 2016. The 7% problem gambling stats is similar to the UK, which has a much larger population than Wales. SoKor’s problem gambling statistics, on the other hand, is only only 0.5%, which is comparatively lower than the problem gambling stats reported by other Asian countries that consider gambling as illegal.
