Skip to main content

betting scandals galore

It hasn't been a great week for the betting industry and sporting integrity. On top of the Pakistan cricket spot-fixing scandal and today's Hereford racing farce, there have been a couple of other sports raising eyebrows.

At the US Open last night, Alexandr Dolgopolov was a huge late drifter from 3.5 out to 7 (losing 0-3 backed into 1.1) and consequently lost in straight sets to David Ferrer, a player he was very competitive against just a few weeks ago. After the match, his poor performance was put down to feeling unwell. Perhaps that's all it was, but it seems as if every man and his dog knew about it and bet accordingly. This kid has far too much talent to waste, but it's not the first match with suspicious betting patterns he has been involved in.

The big story in Australian sport has been in the NRL. Rugby league in Australia has had a few suspicious betting stories over the years, now it sounds like the authorities have finally got their act together and might do something about it. Last year, there were strong allegations that the Sydney Roosters threw the last game of the season (as slight outsiders in the match originally, the win by 13+ margin for their opponents was backed off the map and duly saluted), and in previous years there have been cases of First Tryscorer being backed off the map, particularly in Manly games. People don't bet seriously in the First Tryscorer or First Scoring Play markets unless something is fishy.

This incident was a couple of weeks ago, a match between North Queensland and Canterbury, late in the season, with neither side still able to reach the finals series. In rugby league, penalty goals are unlikely to open the scoring unless it's wet. Tries are the most common way of scoring, unlike rugby union, when a kick is quite regularly the first scoring play. These betting markets usuallly attract only a handful of bets, and nothing of serious note. However, when lumpy bets started coming in on Nth Qld penalty goal at 8.0 with bookmakers around Australia, bookies all smelt a rat. After the first few bets, particularly from punters betting 10x their normal bet size, or from punters who have prior history of being involved in games of questionable integrity, bookies pulled the market down.

Interestingly, North Queensland had the option of getting off the mark by scoring with a penalty goal, but elected to go for a try instead. My guess is they'd been tipped off that people were watching very closely. They certainly are now...

Top cops tackle betting scandal

Player agent is part of NRL bet probe


Last year it took the Victorian Government's Gambling and Corruption body to get involved to force the NRL to investigate. This year it seems they have gotten the hint, but whether anything comes of it in the form of harsh penalties is another matter.

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Racing has a Ponzi scheme - and the fallout will be enormous

When the term 'Ponzi scheme' is mentioned these days, the names Bernard Madoff and Allen Stanford instantly spring to mind. The pair of them ran multi-billion dollar frauds (US$60bn and $8bn respectively) that destroyed the lives of thousands of investors who had put their life savings into a 'wonderful' investment strategy. How so many people were sucked into the scheme is baffling to those on the outside. The lifestyle, the sales pitch, the success stories of the early investors - I suppose it all adds up.

So where does this link to racing you ask? A prominent Australian 'racing identity' this week has been reported to have lost access to a bank account with punters' club funds of $194m in it. Firstly - is there a worse term for anyone to be labelled with that 'racing identity'? It ALWAYS ends up meaning shonky crook! Secondly - who the hell has a punters' club with an active bankroll in the tens of millions? It simply can't be done.

The…

damage control when trading goals

When trades go bad, some people will say cut your losses immediately, others will recommend having a bit of patience as events tend to level out (i.e. games with two goals in the first 10 mins never end up with 18 goals in 90 minutes). This is something I like to do on certain matches.

Background:
1. You've backed Under 2.5 goals, trying to nick a few ticks at a time as the clock ticks.
2. You've been caught out by a goal.
3. The market has gone sharply against you.

On this particular match from a couple of weeks ago, there was an early goal (sixth minute) before I got involved. The period immediately after an early goal regularly shows a sharp drop in the Under price, so I was trying to capitalise on that. But Watford then scored again after 14 minutes. The Back price I took (3.95) was now out to 12 - I could close out for a big loss (not my style) or wait and wait for the price to come back to somewhere I could close out for minimal damage. But at 2-0 after 15 minutes, it w…