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Crime gangs launder $140 billion through sports betting

“It’s too important to be left to the bite of compromise,” said Eaton.

“The problem is getting worse,” Mohammed Hanzab, president of the ICSS, said in his opening speech at the Sorbonne on Thursday.

The report, compiled by the ICSS think-tank and the Sorbonne university in Paris, said that 80 percent of global sports betting was being carried out on illegal markets, placing it beyond the reach of regulators and investigators.

PARIS Criminals are using betting on sports events to launder $140 billion each year, a report said on Thursday, exposing a lack of effective regulation that allows match-fixing to spread.

Soccer and cricket were identified as the sports most threatened by criminals seeking to rig the gambling market but tennis, basketball, motor racing and badminton were also affected, according to the report, which is based on a two-year research.

(Reporting by Julien Pretot and Keith Weir, Editing by Ed Osmond/Amlan Chakraborty)

“If we do nothing sport will become to be seen as an arena of corruption.”

Among solutions, the report recommended a sports betting tax to finance investigations into match-fixing and closer cooperation between betting companies and sporting bodies.

According to the report, 53 per cent of the illegal betting comes from Asia, while 49 per cent of the legal market is based in Europe.

A number of soccer leagues have been hit by match-fixing scandals in recent years and three Pakistani cricketers were jailed for a plot to deliberately bowl no balls during a test match against England at Lord’s in 2010.

“The rapid evolution of the global sports betting market has seen an increased risk of infiltration by organised crime and money laundering,” said Chris Eaton of the Qatar-based International Centre for Sport Security (ICSS).

Technology and live television have transformed the sports betting market in recent years, allowing viewers to bet on a wider range of events and gamble in real time as a match progresses.

Eaton, a former head of security at FIFA, said the changes have made suspect betting patterns harder to spot.

Several territories were identified as “sports betting havens”, with England topping the list with 114 online betting licences granted, ahead of Malta (86).

How to Understand the Point Spread When Betting on Sports by RJ Bell

The favorite is listed with a minus sign and the number of points they are favored by (e.g., New England -7)

The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Philly in the case of our example) is not expected to win the game and thus receives or “gets” points given by the stronger team. Most people believed the defending champ Patriots to be the better team – so if betting were simply based upon which team would win the game, an uneven majority of people would have wagered on New England . Emily’s not alone in needing the basics of point spreads explained, so let’s all learn how to read point spreads together. After this adjustment is made you get the Against The Spread result (ATS result for short). But, by using the point spread, the bookmakers adjusted the terms of the bet, evening the proposition so about half the people believed the Pats to be the smart bet, while the other half considered Philly to be the smart bet.

Keep in mind that Philadelphia +7 and New England -7 is the same point spread on the same game, simply stated differently. If bettors were allowed to bet on who was simply going to win the game, smart ones would obviously bet on the better team (likely winning more than 50% of the time in the process). . In any football or basketball game (the main sports that use point spreads) there are two teams playing against each other. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by:


How to Read the Point Spread

There was also the possibility that the final score could land exactly on the spread number (for example, the Pats winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams. Then we’ll be on our way to enjoying the fun of sports betting. Philadelphia Eagles.

The favorite, New England , won the game but not by more than the point spread they were favored by (7), so the ATS result was a LOSS for Pats bettors.

New England Patriots -7 vs.

The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team.

If winning were that easy the Las Vegas and offshore sportsbooks would stop taking any bets! This is where the point spread comes in: the basic function of the point spread is to balance the likelihood of each team “winning” by adjusting the final score by the point spread.

Those teams, though, are rarely exactly evenly matched – meaning that typically one team has a better chance than the other to win the game. The Eagles may not have gotten a Super Bowl ring, but since they won the ATS result Emily’s boyfriend cashed his bet – giving him money to take her out to a nice dinner. In the newspapers and on the Internet she always sees “point spreads” (sometimes called “lines”) on the games but isn’t exactly sure what the numbers mean.

Philly loses the game by less than 7 points. She knows a lot of people have a blast betting sports and wants to join the fun. You can determine the ATS winner by either:

Understanding point spreads is a key first step to learning about sports betting. New England Patriots

In the case of our example, New England must not only win the game, but they must win by more than 7 points for Pats bettors to have a winning ATS result. An Eagles bettor wins his bet either if:

Emily loves sports – college football, NFL, and NBA.

Not a must, but for some a mathematical approach is insightful. The first is from the underdog’s perspective; the later is from the favorite’s.

Philly wins the actual game by any amount of points

Contributed by:

RJ Bell

© 2006


Who Really “Won” the Super Bowl?

Emily’s boyfriend understood the point spread and wagered $100 on the Eagles at +7.

For Those Who Like to Consider Things Mathematically

What Is the Point Spread?


Let’s look at Super Bowl XXXIX, New England Patriots vs.

Looking at it from the underdog’s perspective, Philly did not win the game, but they lost by less than the point spread (7), so the ATS result was a WIN for Eagle bettors.

Subtracting the point spread from the favorite’s score (thus the minus sign before the number) and then compare to the underdog’s score

Let’s look at the actual result of Super Bowl XXXIX: New England 24 Philadelphia 21

Adding the point spread to the underdog’s score (thus the plus sign before the number) and then compare to the favorite’s score

And now hopefully you understand how to read point spreads, putting you one step closer to joining the fun of sports betting. But Emily is unsure of how to get started with sports gambling. Philadelphia Eagles

Mathematically considered, 24 for the favorite Pats minus 7 equals 17, which is less than the 20 the Eagles scored, so the underdog Eagles win the ATS result (or you could figure 20 plus 7 equals 27 for the Eagles, which is more than 24 for the Pats).

Philadelphia Eagles +7 vs

5 Benefits Of Playing Basketball

Learning to work with others is a life long skill that your child will use forever.

3. Coordination. You are getting your blood pumping and your breathing is accelerated. Coordination is a skill that growing children often struggle with. Team work. Children, especially benefit form this game. Social skills are something your child will carry with them in the future and in all areas of their life.

These five skills are very valuable to children and even adults can reap the benefits of a game of basketball. What you may not realize is exactly how many ways basketball benefits your body and your health.

. Basketball requires your feet, legs, arms and eyes to all work together to win the game. It is an amazing workout for your body.

You also get the benefits of strengthen your muscles, increasing your flexibility and burning fat. Additionally, you are increasing your speed and agility. Physical fitness. Everyone on the team has to learn to work together to get the win. It is becoming more and more popular too with children who love the fact the game is good for any age and any skill level.

Basketball packs a lot of benefits, but here are the top five things your child can get from playing a good game.

1. This is a wonderful skill for children to learn. As mentioned, the physical and health benefits from basketball are the one benefit that is most recognizable. It brings people together and creates bonds and friendships. No matter how good a kid is at the game, making a basket or just being on a winning team can really improve their confidence. It is great for a shy child to really bring them out and help them to meet new people and learn to socialize. You are running and jumping and that really works the heart and lungs. By playing basketball they are able to practice their coordination skills and learn to improve them.


Basketball is a great cardiovascular workout. It teaches them that they can not always be the star and that letting others help you reach a goal is okay. You are learning to move in new ways and that is a great benefit to your body.

2. Basket ball is all about working together to a common goal. Basketball can really be a confidence booster. Social skills. If the love of the game is not enough to get you and your kids out on the court then maybe seeing all these perks of the game will help motivate you to get out on the court and start playing today.

Find the best basketball hoop systems here. This is an important aspect of childhood. A child who can build confidence will find life to be easier and be able to overcome obstacles better, as studies have shown.

5. From indoor to outdoor basketball hoops, you can review them all here. Basketball is a social sport. It is, after all, a form of great exercise.

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By: Bill Parsons..

There is no doubt when you play basketball that you are getting some benefit from it. Confidence