Federbet

Last updated

Federbet is an organization of European casino owners and bookmakers that was founded to help unify the laws with respect to gambling in the countries under the European Union, through lobbying and other methods. [1] Part of their operation is to identify match fixing, and to work to eliminate it. Federbet was established in October 2010 in response to the European Commission inquiry regarding on-line gambling. [2] Their headquarters is in Brussels, [3] Paul Tavarelli is the current president of Fedbet, [4] and Francesco Baranca is their secretary general. [5]

Match fixing

Match fixing represents a huge potential loss for bookmakers, as well as an opportunity for money laundering. [6] Thus commercial self-interest and community responsibility conjoin. [7] On this basis Federbet has been successful in convincing legal authorities to crack down on match fixing. [4] For example, in 2010 Spain made match-fixing a criminal offence. [8] An important tool that Federbet uses is its betting database that can track the flow of bets on specific events. Unusual betting patterns highlight fixed matches. For example, a single very large bet for 50,000 euros on an event that usually has a total of around 160,000 euros bet, sets a flag. This combined with an analysis of other betting patterns on the match essentially ensures that the match is fixed. [9]

Related Research Articles

<span class="mw-page-title-main">Gambling</span> Wagering of money on a game of chance or event with an uncertain outcome

Gambling is the wagering of something of value on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration, risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.

Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting.

Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange. It involves betting on an event in which there is no fluctuation on the payout. In Australia, the practice is usually known as "SP betting".

<span class="mw-page-title-main">Bookmaker</span> Organization or person that takes bets on sporting events

A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays out bets on sporting and other events at agreed-upon odds.

In probability theory, odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics.

In organized sports, match fixing is the act of playing or officiating a match with the intention of achieving a pre-determined result, violating the rules of the game and often the law. There are many reasons why match fixing might take place, including receiving bribes from bookmakers or sports bettors, and blackmail. Competitors may also intentionally perform poorly to gain a future advantage, such as a better draft pick or to face an easier opponent in a later round of competition. A player might also play poorly to rig a handicap system.

<span class="mw-page-title-main">Sports betting</span> Form of gambling

Sports betting is the activity of predicting sports results and placing a wager on the outcome.

Matched betting is a betting technique employed by individuals to profit from free bets and incentives offered by bookmakers. Its proponents considered it risk-free in theory-based probability.

bwin Austrian online betting brand

bwin Interactive Entertainment AG, formerly known as Betandwin, is an Austrian online betting brand acquired by Entain PLC. The group operated under international and regional licences in countries like Gibraltar, the Amerindian reserve of Kahnawake (Canada), and Belize; and Germany, Italy, Mexico, Croatia, Austria, France, and the United Kingdom in Europe. Bwin offered sports betting, poker, casino games, and soft and skill games, with most revenue coming from poker and sports betting. bwin had over 20 million registered customers in more than 25 core markets. Competence centres were located in Vienna, Stockholm, and Gibraltar.

<span class="mw-page-title-main">Betfred</span> UK bookmaker

Betfred is a bookmaker based in the United Kingdom, founded by Fred Done. It was first established as a single betting shop in Ordsall, Salford, in 1967. Its turnover in 2004 was reported to be more than £3.5 billion, having risen from £550 million in 2003 and has continued to grow to over £10 billion in 2018-2019. It has its head office is in Birchwood, Warrington, and also has offices in Media City, Salford Quays, Salford.

SBOBET.com is an online bookmaker. The website has operations in Asia licensed by the Philippines and operations in Europe licensed by the Isle of Man to operate as an international sports bookmaker. The company offers online gambling on all major sports, online games, racing, financial betting and poker in multiple languages.

Marco Paoloni is an Italian footballer who plays as a goalkeeper; he is currently suspended since his involvement in 2011 Italian football scandal.

Spot-fixing is illegal activity in a sport in which a specific aspect of a game, unrelated to the final result but upon which a betting market exists, is fixed in an attempt to ensure a certain result in a proposition bet. Examples include something as minor as timing a no ball or wide delivery in cricket or timing the first throw-in or corner in association football.

The 2011–12 Italian football match-fixing scandal emerged on 1 June 2011 after a number of football-related figures were arrested or placed under official scrutiny by Italian police for alleged match-fixing. The list included well-known figures like former Italian international footballer Giuseppe Signori, as well as former Serie A players Mauro Bressan, Stefano Bettarini and Cristiano Doni. The group was accused of having fixed a wide range of Serie B, Lega Pro Prima Divisione and Lega Pro Seconda Divisione games.

The Liga Stavok is one of the leading Russian gambling companies. It was established in Russia in 2008. Activities of this betting company are aimed at developing betting business in Russia, supporting national sports, and creating new spheres of entertainment.

Operation VETO, the investigation by Europol and the police into match fixing in professional football, was announced on 4 February 2013. The investigation was carried out by Europol, the European Union's law enforcement agency, and centred on the influence of organised crime syndicates based in Asia on the results of 380 football matches played in 15 countries around the world, with 425 match officials, club officials, players and criminals were under suspicion. At the time of the announcement, 50 people had been arrested in connection to the scandal.

The issue of match fixing in association football has been described, in 2013, by Chris Eaton, the former Head of Security of FIFA, as a "crisis", while UEFA's president Michel Platini has said that if it continues, "football is dead." Zhang Jilong, president of the Asian Football Confederation, has stated that it is a "pandemic." The issue also affects a number of other sports across the world.

Sportradar AG is a multinational corporation with headquarters in St. Gallen, Switzerland, that collects and analyzes sports data for bookmakers, national and international sports federations, and media companies. As of 2022, the company has 35 offices in 19 countries around the world, including New York City, Las Vegas, London, Trondheim, Munich, Ljubljana, Sydney, and Singapore.

Match fixing related to gambling is a problem in many sports. According to Sportradar, a company that monitors the integrity of sports events on behalf of sports federations, as many as 1% of the matches they monitor are likely to be fixed.

References

  1. ↑ "EU - Law framework". Federbet. Archived from the original on 18 November 2011.
  2. ↑ Belgium Royal Decree N° 548785 of 10/10/2010 "Chi Siamo".
  3. ↑ "Federbet org.internat Company Information". Hoovers Business Information.
  4. 1 2 Frizzi, Filippo (19 September 2013). "Match fixing: proposta UE per estensione reato di associazione mafiosa (Match fixing: EU proposal for extending the crime of mafia association)". Bet And Economy News (in Italian). Archived from the original on 12 December 2013.
  5. ↑ Pravatà, Christian (6 December 2013). "Video Esclusiva TJ - Francesco Baranca (segretario generale Federbet): "Federbet si propone come partner per i club e le Leghe Calcio contro il match-fixing"" (in Italian). TuttoJuve. Archived from the original on 12 December 2013.
  6. ↑ Staff (11 December 2013). "Federbet acusa a los jugadores del Nàstic de amañar un partido (Federbet accuses the Nàstic players of match fixing)". Ediciones Deportivas Catalanas (in Spanish). Archived from the original on 12 December 2013.
  7. ↑ "Intervention Areas". Federbet. Archived from the original on 18 November 2011.
  8. ↑ Jenson, Pete (11 December 2013). "A Different League: Match-fixing is not just a lower-league problem – recent events in La Liga have acted as a wake-up call". The Independent. London. Archived from the original on 12 December 2013.
  9. ↑ Arribas, Carlos (5 December 2013). "Match-fixing extends its reach". El Pais. Archived from the original on 7 December 2013.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.