Match-fixing makes it into Korea

A source tipped me off about this several months ago. A major Asian betting monopoly would take certain Korean football matches off the board without making a big deal about them, knowing that they were likely to be fixed. Now the stories are breaking into the world press....

K-League's Pohang Steelers fire midfielder Kim amid widening match-fixing scandal

SEOUL, South Korea — The Pohang Steelers have fired midfielder Kim Jung-kyum for allegedly betting on one of his own games in a match-fixing scandal that is widening in South Korea.

The Yonhap news agency reported Thursday that the K-League club terminated Kim's contract because he allegedly bet on the outcome of one of the Steeler's matches two months ago.

Five players from different clubs have been arrested and charged with taking money from gambling brokers and allegedly making deliberate mistakes that led to their teams losing, according to domestic media.

Jeong Jong-kwan, a former K-League player, was found dead this week in an apparent suicide. He left a note claiming his involvement in match-fixing schemes, Yonhap reported.

The net widens. Again - the best way to prevent fraud is through regulation. When gambling is fully licensed and regulated with firms prepared to share betting details with sporting authorities, then there is a strong deterrent against fraudsters. When cash betting goes unmonitored via licensed and unlicensed firms, fixing a result is much easier to achieve....

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Spot-fixing - you will never, ever be able to stop it

According to this report , IPL tournaments so far have been rife with spot-fixing - that is fixing minor elements of the game - runs in a single over, number of wides bowled etc. The curious part of that article is that the Income Tax department are supposed to have found these crimes. What idiot would be stupid enough to put down 'big wad of cash handed to me by bookie' as a source of income? Backhanders for sportsmen, particularly in a celebrity- and cricket-obsessed culture like India are not rare. They could come from anything like turning up to open someone's new business (not a sponsor, but a 'friend of a friend' arrangement), to being a guest at some devoted fan's dinner party etc. The opportunities are always there, and there will always be people trying to become friends with players and their entourage - that is human nature. This form of match-fixing (and it's not really fixing a match, just a minor element of it) is very hard to prove, but also, ...

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...

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur...

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