Sports betting is a popular hobby that many people enjoy around the world. While some enjoy a large degree of gambling freedom, others do not. However, it is not stopping them from placing a bet on sports. In large, it is thanks to online sports betting which makes it very easy for anyone to wager on sports. Interestingly enough, the Popularity of Online Sports Betting in Asia is very high despite having more restrictions than most countries.
There are around 7.8 billion people currently living on the planet and more than half of them live in Asia. According to the latest census, 4.6 billion people live in Asia making up just over 61% of the world population. Needless to say, while not all of them bet on sports, the do have a larger population to draw from.
Reasons for the Popularity of Online Sports Betting in Asia
According to online gambling reports, Asia is the largest internet gambling market in the world worth $26.8 billion. One of the main reasons for its popularity is convenience. This is because many of these countries have many restrictions when it comes to sports betting and gambling in general. However, there certain loopholes that citizens can use to get around these restrictions.
For example, online sports betting in Korea is not illegal nor legal. In Korea, they can only gamble in one location and online gaming companies cannot operate within the country. However, there is no law against them betting online. Thus, many Koreans will use an offshore sportsbook to place their bets.
Another reason for its popularity is the culture. This is before online sports gambling became popular, gambling was already part of the culture. Thus, it is seen as normal for them to place bets on rival tams of any sports.
In addition, Online Sports Betting Platforms and portals are very abundant for Asian sports bettors. This is because many online sports betting websites do not have country restrictions. Therefore, as long as they offer their services in a language the gambler understands using their wagering service is easy.
For example, the VOBET Sports Betting website is a global online sportsbook that offers their services in Korean. Therefore, they have become the most popular sportsbooks for Korean online gamblers.
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