Gambling in Sport Flashcards
What is gambling?
A way of placing bets on uncertain outcomes for the chance of winning money.
Why does sport lend itself to gambling? (2)
- The outcomes are uncertain or unpredictable.
- It may be considered exciting to watch competition if a bet has been placed on the outcomes,
Why is gambling a big business? (6)
- It is worth hundreds of billions of pounds.
- Availability of the internet allows online gambling.
- It is possible to bet on a result or individual performances.
- Betting is part of British culture.
- Betting companies now sponsor major sports/teams.
- Gambling is associated with sports organisations.
What is the result of gambling?
Some people and organisations seek to make a great deal of money from illegal gambling opportunities
Match fixing (definition and example)
Definition
Playing a game to a completely / partially pre-determined result. It is against the law.
Example
Juventus getting relegated for paying referees.
Bribery (definition and example)
Definition
The practice of offering money to gain a dishonest advantage.
Example
In tennis, paying players to lose sets
Illegal sports betting (definition)
Placing a bet with an unregistered bookmaker. Linked to match fixing and organised crime.