Friday, 28 August 2009

sports betting market manipulation rears its ugly head

Hardly a surprise considering the size of the UK betting market...

Rafa and Ribery used in betting scam

How hard do you think it would be to set this up? Bookies and punters love jumping at shadows or following the money regardless. Sooner or later, it had to turn into a scam. This sort of thing is outlawed in the financial world but I reckon it would be nigh on impossible to ban in the sports betting world. These types of markets - Next Manager, Player Transfers - are completely fuelled by rumours. If bookies want to bet on them, then they're asking for trouble....

The 'high-rollers' involved in this must have been losing accounts the syndicate bought to maximise their return - have you ever tried getting a decent bet on these markets???

2 comments:

  1. Would be hard to tell who is laying legitimate money or who is trying to push the price.

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  2. I think it's a matter of how legitimate the information source is. I recall 3 guys at work betting on Rafa to go and going on about how quickly the price has dropped. I thought to myself at the time shall I have a punt? In the end I left it as I realised the quality of information was basically poor. Glad I did and I probably won't bet on these markets again as they are proving very dodgy.

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