Gambling Flashcards
What is match fixing?
When a sports competition is played to a completely or partly pre-determined result. This is against the law.
What is illegal sports betting?
Placing a bet with an unregistered bookmaker, linked to match fixing and organised crime
What is Bribery?
The practice of offering money to gain s dishonest advantage
What is spot betting?
Betting on certain events or outcomes during a match, which can be gambled on but are unlikely to prove decisive in determining the end result
What is meant by throwing games?
When a team or player deliberately loses, does not score as highly as it can, it ordered to obtain a perceived future competitive advantage
What is meant by sandbagging?
The equivalent of ‘tanking’ in sports with a handicap system that is open to abuse
Why do people bet on sport illegally?
-In countries where betting is illegal, its the only option
-In countries where social norms prevent overt, legal betting and where online betting is barred eg. Saudi Arabia, UAE
-Some illegal betting syndicates offer better odds
How does the illegal betting industry operate?
-Secretly, via hierarchy
-From the bottom, gamblers place bets with bookies (above them) who receive odds from their manages (further up the hierarchy)
-The manager might manage a group of bookies within a city or region
-Others give managers their information
-The secrecy and nature of the system makes it difficult for police to intervene, act and stop practise
What is the difference between illegal and legal betting?
-Placing a bet with an unregistered bookie makes it illegal
-Legality varies from country to country
What are the risks of gambling?
-No records are kept, a bookie could refuse to pay
-Could become greedy and addicted
-Gamblers do not know if they are being encouraged to make an unfair bet where a favourable outcome for them was impossible
Why is illegal betting an issue?
-It leads to match fixing and bribery
-It costs the government millions in lost tax revenue
-It is unfair, illegal bookies with prior knowledge of the outcome can influence the odds to ensure maximum profit
-It adversely impacts on profits for legal bookmakers, whose odds cannot be as favourable as illegal bookies
-Vunerable participants such as young players can be influence and bullied into cheating
-Damage the reputation of people who bet legally
-It damages the spirit, image and ethics of the sport
How is match fixing, bribery and illegal sports betting unethical?
-Gambing is becoming more popular with younger people, they are being bribed into unethical behaviour for financial gain
-Early involvement in gambling can lead to problems later in life
-Deliberately influencing the result is unfair and produces an unfair advantage
-Results are not honest
What are examples of spot-betting?
-Footballer Matt Le Tissier admitted that while playing in the premier league he tried and failed to kick the ball out of play immediately after kick off so that a group of associates would win a bet made for an early throw in
-Pakistani cricketers were accused on bowling specific no-balls for the benefit of gamblers. There were bets on that the fastest bowlers would bowl a no-ball at specific points in a over
