Friday, 14 June 2013

Asian Bookies Secret (4) - Asian bookmakers alone see a $2 billion weekly turnover;"Liquidity is the friend of the fixer. You can put down Big Bets without notice and without changing the odds against yourself."


THE WORLD'S MOST popular game is also its most corrupt, with investigations into match fixing ongoing in more than 25 countries. Here's a mere sampling of events since the beginning of last year: Operation Last Bet rocked the Italian Football Federation, with 22 clubs and 52 players awaiting trial for fixing matches; the Zimbabwe Football Association banned 80 players from its national-team selection due to similar accusations; Lu Jun, the first Chinese referee of a World Cup match, was sentenced to five and a half years in prison for taking more than $128,000 in bribes to fix outcomes in the Chinese Super League; prosecutors charged 57 people with match fixing in the South Korean K-League, four of whom later died in suspected suicides; the team director of second-division Hungarian club REAC Budapest jumped off a building after six of his players were arrested for fixing games; and in an under-21 friendly, Turkmenistan reportedly beat Maldives 3-2 in a "ghost match" -- neither country knew about the contest because it never actually happened, yet bookmakers still took action and fixers still profited

Perumal had rigged hundreds of games across five continents, generating hundreds of millions of dollars in fraudulent gambling winnings for Asian and European syndicates. He was finally in custody

Asian bookmakers alone see a $2 billion weekly turnover, according to Eaton. "It's now one huge liquid market," says David Forrest, an economics professor at the University of Salford in Manchester, England, who specializes in the study of sports gambling. "Liquidity is the friend of the fixer. You can put down big bets without notice and without changing the odds against yourself.

From:
http://espn.go.com/sports/soccer/story/_/id/7927946/soccer-wilson-raj-perumal-world-most-prolific-criminal-match-fixer-espn-magazine

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