In case you haven’t heard, Koreans love to bet on just about everything. Whether it’s baseball, basketball, billiards, bowling, or even video games; you can be sure that there will be some kind of wagering action going down. You’ll find that many of them are so enthusiastic especially on the subject of sports betting.
In fact, the popularity of pro and semi-pro sporting events in South Korea has led many commentators to label the country as ‘the home of sportsbetting’. While much of this is attributable to significant cultural differences between Western and Eastern societies regarding gambling, there are a few other factors at play as well. Let’s take a closer look at why so many Korean people love to sportbet.
Legalized Sportsbetting in South Korea
The fact that sportsbetting is legal in Korea is one of the primary factors that contribute to its popularity. Many people who enjoy sportsbetting will do so in nations where it’s completely illegal. If you don’t want to risk getting into trouble with the law, it’s much easier to just play by the rules in South Korea.
In addition, the fact that there’s a large gambling industry in Korea is likely to have a significant impact on the culture as well. If sportsbetting was illegal and not a source of significant revenue for government agencies and businessmen, one would imagine that it would play a much smaller role in the lives of Korean people.
Proximity to Other Asian Countries
The fact that a significant proportion of Koreans live within proximity of other Asian nations is also a factor that contributes to their love of sportsbetting. These include China, Japan, and Vietnam. Many of these countries have a culture of sportsbetting that can be traced back for decades.
Given that these cultures are quite similar to South Korea in terms of language and other variables, it would make sense that Korean people would be interested in the same kinds of sportsbetting that interest their neighbors.
There is no denying the fact that South Korea has some of the fastest internet in the world. This is the result of a concerted effort by the government and private companies to improve the country’s internet infrastructure.
The fact that the internet is so fast and reliable also has a significant impact on the popularity of internet sportsbetting in South Korea. That’s why they can easily go to websites dedicated for sportsbetting.