ITALIAN TRADE AGENCY
Bookmakers and match-fixing
Are match-fixing games profitable for bookmakers
In soccer, tennis, basketball and other sports rigged matches are periodically organized. They are organized for a variety of reasons, and it often has nothing to do with betting. One of the most common reasons for match-fixing is to solve various tournament problems.
In football, match-fixing often occurs in the last rounds of the championships. For example, both teams need only one point to stay in the first division, so a draw will do. That is why clubs agree with each other on this kind of result.
Sometimes athletes negotiate with uncomfortable opponents, in order to be guaranteed to win the match and ensure a place or pass to the next round of the competition. These are carefully monitored by Paimatch bookmaker. Such situations are especially common in tennis. In soccer, at the end of the championship those teams that have already solved their tournament problems can lose "on credit". Accordingly, in the next championship they will get three points back from their opponent.
In the lower soccer leagues and in small tennis tournaments there are situations when the rivals agree on some result to earn money in the bookmakers' offices. The subject of the agreement can be the exact score, the victory of the weaker opponent or other result with high odds.
Bookmakers match-fixing, except for the latter option, provides a good income due to the fact that players usually bet on the favorites. And such games usually end with an unexpected result. However, matches where players agree on a particular result in advance in order to make money on the betting are very unprofitable for bookmakers. For such games, large sums are bet on outcomes with high odds, and the shops lose a lot of money. Therefore, they are trying to combat this phenomenon by various methods.
The security service in the offices monitors the bets to identify the most suspicious. For example, if several players start betting large sums on a particular result, then the bookmaker may significantly reduce the odds or remove the event from the line. Also limits on the maximum amount of bets are introduced to reduce the risk of financial losses in case of fixed events.
Some bookmakers cooperate with sports federations by informing them about suspicious events. This allows sports officials to take measures to prevent or detect fake games.
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The Italian Trade Agency (I.C.E. in Italian), active in India since 1971, has two main offices in the Subcontinent: New Delhi and Mumbai. The principal function of our offices is to foster bilateral trade between India and Italy by providing Indian entrepreneurs and companies with information on Italian products, companies and market updates. The office in New Delhi acts as the coordinating structure for the entire Indian market.
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