Sports betting and game manipulation – a billion dollar business that is increasingly becoming a problem for professional sports
Sports betting generates billions of dollars worldwide every day. For years, therefore, there have been many headlines that fraud is becoming an ever-greater problem. All of this exudes professional sports, which suffer from manipulation – either specifically through incidents or the possibility that cheating could occur. There are various attempts by individual associations and even many betting providers to contain criminal activity. It goes without saying that this is anything but easy. When it comes to money, limits are difficult to set.
Problems with gambling fraud in Asia
When gambling problems are reported, it is often said that the scammers are based in Asia. Official surveys prove this. It is a continent where a lot of money is spent. And the more money in circulation, the higher the risk of fraud. There is talk of a mafia. It is not limited to specific sports, but it is not limited to this continent. There are now effects worldwide. However, one should not believe that everything in terms of sports betting or casino is designed for fraud. Those who cheat belong to groups, but the individual little bettors are not part of the mafia. They are for the personal kick, to put it this way.
The European betting mafia
A betting mafia has long conquered Europe. There have been repeated cases of fraud in recent years. Different sports were also affected here, even football. The problem cannot be linked to specific nations, either in terms of the authors nor the fraudulent athletes. Whether people from the Balkans are responsible or from Belgium is only of secondary importance. They are criminal people who want to use their contacts in sport to influence sporting events. You make sure that a special incident occurs. The word incident can refer to a goal or a specific result. There are countless options. Money is bet and won in the end. And the profit is considerable.
Affected sports and how to deal with the problem
Football is a particular focus in the area of sports betting. Football is played worldwide and millions of times, which increases the chances of smaller and larger scams. Only one player has to agree to make a mistake for a certain amount of money, for example. And you can bet on this mistake. Basically, this can be applied to any sport. If you don’t make a lot of money, you’re more vulnerable than someone who has millions in your account. Of course there are official bodies that deal with this problem. If the bookmakers find that a special sporting event is going to cost a lot of money, contrary to all tendencies, they will become aware. A kind of radar was created, the bookmakers cooperate with each other. It is possible that the relevant markets will be closed. Or those who invest a lot of money do not get their money and have to verify themselves. The groups that cheat rarely work with their own names. Or they have straw men. And those who cannot prove that a lot of money could be used may not receive the payout. This does not change the actual fraud, because it affects the entire sport.
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