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Date: March 28, 2024 Thu

Time: 9:30 pm

Results for bookies

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Author: Bag, Parimal Kanti

Title: Betting in the Shadow of Match-Fixing

Summary: Two bookmakers compete in Bertrand fashion while setting odds on the outcomes of a sporting contest where an influential punter (or betting syndicate) may bribe some player(s) to fix the contest. Zero profit and bribe prevention may not always hold together. When the influential punter is quite powerful, the bookies may coordinate on prices and earn positive profits for fear of letting the `lemons' (i.e., the influential punter) in. On the other hand, sometimes the bookies make zero profits but also admit match-fixing. When match-fixing occurs, it often involves bribery of only the strong team. The theoretical analysis is intended to address the problem of growing incidence of betting related corruption in world sports including cricket, horse races, tennis, soccer, basketball, wrestling, snooker, etc.

Details: Norwich, UK: University of East Anglia AEP Discussion Papers in Economics, 2010. 57p.

Source: Internet Resource: Accessed November 7, 2011 at: http://ideas.repec.org/p/uea/aepppr/2010_11.html

Year: 2010

Country: International

URL: http://ideas.repec.org/p/uea/aepppr/2010_11.html

Shelf Number: 123246

Keywords:
Bookies
Bribery
Corruption
Gambling
Sports Betting