KRA holds exclusive rights over the racing operations and on- and off-course wagering within Korea. This means that all activities of bookmakers or private betting operators are prohibited by the law, and only the betting tickets issued by KRA are legitimate. KRA adopted a pari-mutuel system and has been using it since the beginning of its operations in 1923.
KRA provides six betting types win, place, quinella, exacta, quinella place, and trio. The minimum bet allowed is 100 Korean won, and the maximum per single bet is 100,000 Korean won. Betting tickets are distributed through the on- and off-course betting terminals, and through account betting. These terminals are controlled by Pari-Mutuel Betting Control Center at Seoul Race Park.
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