There are seven types of bets available. All bets are placed using the Pari-Mutuel system.
Takeout is 20% for Win & Place (80% return to bettors) and 26% on all other bets (74% return to bettors).
These are the available bets:
Win – Pick the horse that finishes first.
Place – You win if your horse finishes in the top 3 or, if there are fewer than 8 runners (rare in Korea), in the top 2.
Exacta You choose two horses to win. The order in which they finish is essential. This bet is very popular, with racegoers placing bets on several horses to win and another to finish second.
Quinella – Pick two horses to win. You can choose from any order. This bet is the most popular with Korean punters.
Quinella Place You can pick two horses to win, provided they finish in the top three.
Trio– You choose three horses to bet on and win if the horses finish in the top three in any order.
Tierce, You choose three horses to finish in the correct order. The mobile betting app is the only place you can make this bet.
Near the Luckyville grandstand’s main entrance is an excellent English language leaflet. It includes a step-by-step guide for filling out your betting slips and examples.
The minimum bet is 100 won, with a maximum of 100,000 won.
Because the tote system produces many odds-on favourites, it is unsurprising that exactas or quinellas are more popular with racegoers because they offer better odds. Each race can have as much as US$6 million riding on it on a Sunday afternoon.
The betting windows can be found on floors 1-3 in Seoul. They have both staffed and automated terminals. The staffed terminals are easier to use for the first time. You need to hand your money and your slip to the cashier. They are located on floor 4. You must exchange your money at the staffed window for a credit card slip before you can use them.
The English-language form sheet is available at the Luckyville Grandstand’s “Foreigner Information Desk”. It is sufficient to give an idea of the top horse in the race. However, those who want more detail and “expert” predictions should purchase one of the many form guides available inside and outside the track. It is simple to see which horses they are predicting, and their card layout is the same in all countries, even though it is in Korean 아바타배팅.
There are two types available. The first have names like “Ace”, Speed, and “New World”, which cost 1000 won. They also include the day’s cards with predictions for each race. The second type of guide, which costs 4000 won, has more detail and includes more information for serious punters. These can also be purchased at many convenience stores in Korea the day before racing. You will usually be given a sign pen to fill in the betting slip if you purchase a form guide at one of the sellers near the subway station.
To bet, you don’t need to travel to the track. The KRA has off-track betting options in Seoul and Busan. These facilities are known as “Let’s Run CCC”. Here you can view the racing on TV and place pari-mutuel bets. Noting that off-track betting centres are not ideal venues for a day out, we will list only some locations.
The KRA used to offer telephone and internet betting in the past. However, the Korean regulator banned these services from being offered by the KRA in 2009. The regulator has ordered KRA to reduce off-track betting to 50% within five years. That puts it under severe pressure to close off-track venues. They are still open but have been rebranded “Let’s Run Cultural Centers” to reflect better the community use of the facilities on non-racing days.