Item in today's RP suggests FIFA are considering banning in-play betting on football over corruption fears. 'What a great idea' will say the do-gooders and Daily Mail readers who don't have a clue about the outside world. Any knowledge of betting in football will let you swiftly decide this is the stupidest idea since awarding the World Cup to a country which bans alcohol and homosexuality, doesn't even have to hotel capacity to cater for one full stadium of visitors and will be 45-50C during July. Mark Davies has written an excellent post on it here - UEFA and FIFA: focus, please! If bookmakers offer 'micro-betting', markets on tiny events during the match such as next free kick or next throw-in, who is taking the risk? The bookie. What is a bookie's job to do? Manage risk. What happens when people fall out of trees to back one option in a multi-selection, reasonably random market? They shut it off and investigate, maybe even alerting sporting autho
A blog about betting, trading, sport and some of the dodgy elements within them. www.sportismadeforbetting.com.