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?
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?
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
How can illegal gambling be done?
Match fixing
Bribery
Illegal sports betting
What is match fixing?
Playing a game to a completely / partially pre-determined result. It is against the law.
What is bribery?
The practice of offering money to gain a dishonest advantage.
What is illegal sports betting?
Placing a bet with an unregistered bookmaker. Linked to match fixing and organised crime.
What is an example of match fixing?
Juventus getting relegated for paying referees.
What is an example of bribery?
In tennis, paying players to lose sets
