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Sports corruption and developments in betting markets

In: The Economics of Sports Betting

Author

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  • David Forrest

Abstract

In this chapter the author takes a broad look at malfeasance in betting markets through match-fixing. He confronts the critical issue of how and why match-fixing might occur in some sporting competitions. This chapter sets out economic motives for players to engage in match-fixing and also establishes the structural features of betting markets that lead to fixes. The solution, however, is not to make betting markets illegal as this would be counter-productive and would harm consumer welfare. Instead, Forrest argues for the need for sports governing bodies and national and supranational governments to cooperate in detecting and punishing match-fixing.

Suggested Citation

  • David Forrest, 2017. "Sports corruption and developments in betting markets," Chapters, in: Plácido Rodríguez & Brad R. Humphreys & Robert Simmons (ed.), The Economics of Sports Betting, chapter 10, pages 162-182, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:16946_10
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    Cited by:

    1. Sung, Ming-Chien & McDonald, David C.J. & Johnson, Johnnie E.V. & Tai, Chung-Ching & Cheah, Eng-Tuck, 2019. "Improving prediction market forecasts by detecting and correcting possible over-reaction to price movements," European Journal of Operational Research, Elsevier, vol. 272(1), pages 389-405.

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    Keywords

    Economics and Finance;

    Statistics

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