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The legalization of bicycle racing took inspiration from Japan’s legal betting system. Bicycle racing became a legalized type of gambling to promote national sports, specifically among the younger generation. Foreigners are not very fond of betting on bicycle racing despite having improved odds than horse racing. This is most likely since internet websites, programs, and betting slips are only obtainable in Korean. Article 246 of the Criminal Act states that any particular person caught engaging in any betting activity for the objective of earning a profit is punishable by a fine of not exceeding five million won. Those who are categorized as habitual gamblers can receive a prison sentence of up to 3 years or be expected to pay a fine amounting to 20 million won.
Generally speaking, horse race betting— in individual, at off-track betting facilities or via Online Casino Korea platforms like TwinSpires or FanDuel Racing—is accessible to bettors 18 or older. As a result, PokerStars and WSOP.com, the most preferred regulated poker websites in the U.S., have a legal age of 21. Meanwhile, illegal offshore poker sites permit men and women to play at 18.