alt Hacker NewsIt has a terrible potential to corrupt sport. When you can bet a lot of money on how long a college players plays, or how many points they get in a particular game, what's to stop them from having a relative make a bet and they just fake a cramp?
The stock market is heavily regulated. I don't think you should ban sports betting, because like many vices it's easier to control if it is legal. According to Nate Silver, the more you let people make bets on obscure things the more opportunity their is for participants to cheat. So you should probably restrict betting to things no one participant can control (like the score). You also should try to make it difficult for a person to lose too much. You can't stop it, but you could probably make it harder. In the stock market there is a "qualified investor" that is allowed to take much bigger risks. You could make rules to punish betting sites that accept too many bets from destitute addicts. It wouldn't be perfect, but you can have liquor laws without having prohibition.
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Oddly enough, several professional sports gamblers were aware of a NBA referee manipulating game from their data analysis, well before the NBA became aware of it.
That was probably 10+ years ago and I suspect data analysis by the leagues is much stronger now. Still an insane line that needs to be walked between the leagues getting revenue from the sportsbooks and gambling not impacting that play.
NBA bans Jontay Porter after gambling probe shows he shared information, bet on games.
“Porter took himself out of that game after less than three minutes, claiming illness, none of his stats meeting the totals set in the parlay. The $80,000 bet was frozen and not paid out, the league said, and the NBA started an investigation not long afterward.”
https://apnews.com/article/nba-jontay-porter-banned-265ad5cb...
It gets bad enough and I’ll offer odds on who’s throwing, how long until they are busted, and how severe the consequences.
That's not new, RIP Pete Rose
Clearly, it's going to happen anyway at least some of the time, but the "what's to stop" is pretty obviously getting caught. It's already happened in at least three instances from the past year I can think of, though I don't remember the names because they were all pretty small-time players (Jontay Porter, who was already mentioned, is one of them). Anyone that is caught doing it gets instantly banned from the sport for life, which hopefully provides an even larger counterincentive compared to whatever incentive there is to attempt throwing a game.
It's not perfect, but the leagues don't have much of a choice. The US Supreme Court ruled that banning sports betting was unconstitutional, so until the court rolls over to new justices with new opinions on the matter in a few decades, it isn't going anywhere. It doesn't make any difference how much some fans on the Internet don't like it. Federal lawmakers can't ban it.
> It has a terrible potential to corrupt sport
That ship sailed a looping time ago. Sports teams in the US are franchises. Like McDonalds. They exist to make profit. Lots of it.
It has nothing to do with sport.
The BBC have a podcast called Sports Strangest Crimes. The most recent series was about Moses Sawbu who was match fixing in the lower leagues. Worth listening to it
One participant can control the score in individual sports, like singles tennis or boxing (notorious for rigged matches).
It’s only “potential” insofar as bad behaviour may or may not be exposed sooner or later. I think it’s more useful to understand betting’s impact as a constant corrosive effect. Betting poisons the incentives
>It has a terrible potential to corrupt sport. When you can bet a lot of money on how long a college players plays, or how many points they get in a particular game, what's to stop them from having a relative make a bet and they just fake a cramp?
Or get assaulted or murdered, internet death pool style? All kinds of really fucked up incentives are created by these legalized betting apps.