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Introducing 188BET
188BET was founded in 2006 and is a global betting platform that has been providing various betting games worldwide, including the Asian market, for over 18 years .
188bet is currently headquartered in the Cagayan Economic Zone (CEZA), a special economic zone in Cagayan Province in northern Luzon Island, Philippines , where many betting companies operate due to flexible regulations. As an overseas betting company with a long history and scale of operation, it has established agencies and launched sites in various countries .
188bet is a popular betting company in Europe and Asia, but is currently focusing on the Asian betting market .
Currently, 188bet has launched in Korea, China, Japan, Cambodia, India, Indonesia, Malaysia, Thailand, and Vietnam, providing betting services specialized in popular sports in Asia and offering customized promotions tailored to specific countries and regions .
License
According to the company information section on the 188Bet website, 188Bet is operated by BestCommerce Corporation, which is licensed and regulated by PAGCOR (Philippine Amusement and Gaming Corporation) .
PAGCOR is a government-owned and controlled agency of the Republic of the Philippines, which is legally responsible for granting and supervising e-gaming and casino licenses .
It is safe to say that most major betting companies targeting the Asian betting market are licensed by the relevant authorities.
188bet is also headquartered and operated by CEZA in the Philippines, and has obtained a remote betting license and an online casino operation permit from the agency. This can be confirmed on the company introduction section of 188bet’s website.
Sponsorship
188BET has partnered with various sports companies for sports betting marketing, starting with sponsorships with Liverpool and Everton of the English Premier League (EPL), and currently serves as the official regional partner of FC Bayern Munich, a leading club in the German Bundesliga .
In addition, 188BET has been the official APAC (Asia-Pacific) sponsor of F1 (Formula 1) for five seasons, mediated by sports media group Interregional Sports Group, and the ‘188BET’ logo can actually be seen during F1 race broadcasts.
As a sports betting company, 188bet has been forming various sports partnerships every year to increase its market share in the Asian market .
Supported languages
The languages (countries) supported on 188bet’s website are as follows:
- english
- korean
- Simplified Chinese
- Japanese
- Khmer (Cambodian)
- Indonesian
- Thai
- Hindi (India)
- Vietnamese
188bet focuses more on Asia, so its language options are divided into International (English) and Asian languages. Languages like French and Spanish are not supported.
How to sign up for 188bet
① How to sign up via PC
1. Access the website through the 188bet address .
After accessing the webpage through the 188bet address, click on Login in the upper right corner and select Sign Up.
2. Select your account information, country, and currency.
To sign up to 188bet, you need to enter your email address.
You must enter the email address you use to verify your account, as you will need to go through the email verification process.
Then, you can set the ID and password to use when logging in according to the conditions.
To properly deposit and withdraw money at 188bet after signing up, you need to select your country of residence and currency during the sign-up process.
This is quite cumbersome to change after signing up, so you can select your country of residence in advance and select KRW (Korean Won) as the currency, as shown in the picture above .
If you set your country to South Korea, the currencies you can choose are Korean Won (KRW) and USDT (Tether). If you are a member who does not trade using cryptocurrency, you can choose Korean Won.
3. Complete 188bet registration.
After that, decide whether or not you want to receive marketing messages and click ‘Sign Up’ to complete the registration.
Next, you will be able to use 188bet after completing the email verification process to secure your account.
② How to sign up via smartphone (mobile)
1. Access 188bet via a mobile browser.
After accessing 188bet via your mobile device, click the dotted box in the upper right corner.
2. Click ‘Sign Up’ to go to the membership sign-up screen.
3. Enter your login information.
Just like signing up on a PC, select your country of residence and the currency you wish to use for transactions.
Enter your email address and account information (ID, password) for account authentication according to the conditions.
After confirming whether you wish to receive marketing and verifying that you do not wish to automatically sign up, click Sign Up to complete your membership registration.
188bet Deposit and Withdrawal Methods
188bet is a betting company specializing in Asian countries, offering deposit and withdrawal options in various currencies .
Let’s find out what deposit and withdrawal methods are available based on the Korean Won (KRW).
After completing 188bet membership registration and email verification, it appears that you will need to enter your membership information for account security before you can make deposits or withdrawals.
After entering your name, date of birth, and mobile phone number, you will be required to go through SMS verification. Once you complete the process, you can proceed with deposit and withdrawal transactions.
Deposit method
188bet offers the following deposit options and limits in South Korean Won (KRW):
- Bank transfer : Minimum deposit – 10,000 won, Maximum deposit – 10 million won
- USDT (Tether) : Minimum deposit – 15,000 won, Maximum deposit – 15,000,000 won
- Direct Deposit : Minimum deposit – 10,000 won, Maximum deposit – 9 million won
- NETELLER : Minimum deposit – 11,000 won, Maximum deposit – 55,000,000 won
- STICPAY : Minimum deposit – 15,000 won, Maximum deposit – 50 million won
188bet offers a variety of deposit options, including deposits via account, cryptocurrency (Tether), e-wallet (Neteller), and simple payment (STICPAY).
The most basic process for depositing money through an account is as follows:
- After logging in, click on your profile at the top right of the main screen.
- Click on Banking and select Deposit.
- Select a deposit method (bank transfer)
- Enter the desired deposit amount, agree, and submit.
- After transferring money to the provided account, wait.
All deposit options are fee-free, but the maximum number of deposits per day is 15.
Additional deposit-related information can be found in the 188bet Customer Support FAQ .
Withdrawal Method
188bet offers the following withdrawal options and limits in South Korean Won (KRW):
- Bank Transfer : Minimum withdrawal – 20,000 won, Maximum withdrawal – 15,000,000 won
- USDT (Tether) : Minimum withdrawal – 10,000 won, Maximum withdrawal – 50 million won
- STICPAY : Minimum withdrawal – 20,000 won, Maximum withdrawal – 50 million won
The most basic withdrawal process through this account is as follows.
- After logging in, click on your profile at the top right of the main screen.
- Click on Banking and select Withdrawal.
- Select a withdrawal method (bank transfer)
- Enter the required information on the withdrawal request form.
-You must provide identification (driver’s license, resident registration card, passport) during the withdrawal process.
5. Click Agree and Submit and wait.
Basically, there is no withdrawal fee, but you can only make a maximum of 5 withdrawal requests per day .
If you fail to meet the rollover requirement or request a withdrawal that exceeds the withdrawal limit, your transaction may be rejected.
For further withdrawal-related information, please refer to the 188bet Customer Support FAQ .
Games offered by 188bet
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188BET SPORTS
188bet offers a variety of sports betting games, including real-time live betting.
As an Asian-only betting company, they offer betting options tailored to popular Asian sports and have a well-stocked selection of games for Asia-Pacific leagues.
In addition, it supports esports betting, which is the most popular sports betting type in most Asian countries, including South Korea and China.
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188BET CASINO
In addition to sports betting, 188bet is licensed by the Philippine Amusement and Gaming Corporation (PAGCOR) to operate an online casino gaming operation, offering regular casino games and real-time live casino.
We offer approximately 2,000 casino games and have contracts with renowned gaming companies such as Evolution Gaming and Pragmatic to provide online casinos.
188bet Review (Pros and Cons)
188bet is one of the major betting companies that entered the Asian betting market early, so many domestic bettors may already be familiar with it or have used it before.
From now on, I will write a review of 188bet based on my experience using it briefly and the pros and cons I felt.
merit
1. Excellent promotion
One of 188bet’s greatest strengths is its extensive range of bonuses and promotional events.
Specializing in the Asian betting market, the promotions offered during holidays like the Korean Chuseok and Chinese Lunar New Year are also quite good, including basic bonus events like new sign-up bonuses.
One of the promotions that 188bet always offers is the rebate promotion, which offers a rebate of 0.2% for sports and 0.3% for casino, making it a great option for filling rollovers .
The rate is a type of cashback event where you get a certain percentage back every time you bet. In simple terms, if you bet 1 million won on a casino game, you get 3,000 won back at a rate of 0.3%.
2. Mobile optimization
188bet is so well optimized for mobile devices that it even offers a separate application (Android).
This is a very attractive advantage considering that most users prefer to bet on their smartphones rather than PCs.
Additionally, since you can enter the main address without needing a VPN and it will automatically redirect you to a bypass address, the risk of being scammed by fake phishing sites is greatly reduced.
3. Various types of casino games
Some overseas betting sites advertise that they have a casino gaming license, but when you look closely, you often find that they offer poor quality games. However, 188bet has 1,962 games as of 2024, which is almost 2,000 games .
Live casinos also have contracts with renowned gaming companies and offer a decent number of channels, so you can have a lot of fun if you take advantage of the bonuses and rebate promotions within 188bet.
disadvantage
- Slow withdrawal times and limits
188BET’s withdrawal processing speed and delays are considered to be disappointing, as even the site states that the average withdrawal processing time is 1 hour.
Additionally, the deposit limit is 15 times and the withdrawal limit is 5 times, which is the strictest regulation among the overseas betting companies that launched in Korea that I reviewed .
For members who enjoy betting on both domestic and international sports, including those in the early hours of the morning, this rule can be quite detrimental , and opinions on its use may vary greatly.
2. Disappointing real-time customer response
This is something that is mentioned in many betting communities and overseas forums rather than something that I personally felt . Many people say that one of the shortcomings of 188bet is that its real-time customer response is very slow and frustrating .
Currently, when you try to get real-time customer support at 188bet, a virtual agent (AI) appears and you can chat with them. However, instead of allowing you to directly input the questions you need, it is essentially a yes/no method that reads out the site’s rules, so if you want to ask additional questions, you will end up having to wait a long time .
They claim to be an Asian betting company, and aside from English, they only support East Asian, Southeast Asian, and South Asian countries. However, they do not have professional consultants, which is a rather disappointing operation considering their size.
Overall Review
After using 188bet for a while, I felt that it was a company that would be either liked or disliked depending on whether you enjoy sports betting or are a casino player.
While there are certainly decent bonuses and rebate promotions available for sports betting, the slow withdrawal processing and deposit/withdrawal speeds can make it difficult to manage your funds, which can be somewhat inconvenient.
However, for casino players, there are many types of games and unlike sports, there are no physical restrictions (time), so I think it is worth taking advantage of for casino users who are looking for a company that offers good promotions .
