How technology helps to deal with match fixing
Match fixing is not a new phenomenon. As far back as the ancient Olympics bribes were offered in return for a win. But, match fixing has increased over recent years. Much of this is due to the expansion of the betting industry.
People are learning how to bet on sports legally, wherever they are based. This, coupled with a wider range of betting options, makes match fixing an attractive proposition. In order to combat the problems that match fixing can bring, bookmakers use technology to help them spot potential betting irregularities.
Potential threats to bookmakers
Match fixing is now not the only threat to bookmakers, with spot fixing becoming more prevalent. Now, it’s not just the result of a game that people are looking to fix; it’s tiny aspects of the game that may not even affect the final outcome.
One of the main reasons why spot fixing has become so popular is the expansion of the different types of bet available. In play betting has proved to be a popular addition; it adds to the excitement if bets can be placed on play while it’s actually happening. In play betting benefits bookmakers by helping to attract more custom and increasing betting revenue. The variety of bets available on a game can also increase a bookmaker’s revenue; for instance, it’s possible to bet on disciplinary sanctions that occur during play, just the same as it is to bet on points or goals scored.
So, how does all of this make spot fixing so popular? The fact is that it’s now possible to fix a particular incident and get money by betting on it, because bookmakers accept such as wide range of bets. Match fixing has also become more difficult to deal with because bets can be placed during play.
How technology helps
It’s clear to see that developments in betting bring both positive and negative effects for bookies. This is why they are employing the use of technology to help them to deal with the risks of match and spot fixing.
Bookmakers employ technology that uses complex mathematical models, analysis and monitoring systems to spot signs of suspect betting. These signs can include:
Small time bettors who suddenly want to place a large stake.
A run of bets on an event that would normally be expected to be subject to a small amount of betting action.
A group of bettors all wagering the same amount on a specific event.
A large number of new betting accounts being created to bet on a specific event.
If the technology does identify any irregularities, bookmakers inform the relevant authorities so that investigations can be made.
There is a lot of money to be had from the world of sports betting, which is why the crimes of match fixing and sport fixing look set to continue. But, the technology exists to help bookmakers and authorities work together to combat this type of crime.