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tpxltoday at 7:48 AM1 replyview on HN

Eh, betting houses have a vested interest in matches not being fixed, which actually fixes a huge problem in sports, so they have a use in that.

I used to work in odds prediction and the issue is all the shady shit surrounding betting, not actual betting itself. We very contractually forbidden from betting on any of our customers, but managers would go around encouraging to bet. This is obviously a huge problem when you know how the algorithms work, and more importantly, where all the errors are. I'd see odds on matches where you couldn't lose on a weekly basis (think 2 outcomes, average payout of >2x), open bets for things in the past (score 1:0, bets for first point still open, etc.).

The biggest issue though, was betting houses straight up banning winners. The more you won, the less you could bet, eventually leading to a ban. This is straight up illegal, but nobody cares. On the flip side, the more you lost, the more you could bet, you'd get better rewards (if you won, which you didn't) and the cheaper it would be.

You can't ban gambling, because you'll just get illegal gambling (much like prohibition/drugs). Proper regulation and enforcement is the solution here (much like drugs).

Edit: All this being said, I don't bet, nor do I endorse gambling with real money. I agree betting should mostly be between you and your buddy, but unfortunately the reality doesn't support that.


Replies

inigyoutoday at 8:05 AM

Without betting houses existing, why would you fix a match?