baseball-stadium

2 Biggest Scandals in The Sports Betting Industry

Do you want to know how the online sports betting industry started tiptoeing around the rules of the government? Do you know why federal agencies and local authorities are constantly on the lookout for such activity? Well, these instances in the history of sports betting might give you an idea why. 1919 World Series – Black Sox You may have read in a previous article of ours about a certain

baseball-stadium

Do you want to know how the online sports betting industry started tiptoeing around the rules of the government? Do you know why federal agencies and local authorities are constantly on the lookout for such activity?

Well, these instances in the history of sports betting might give you an idea why.

1919 World Series – Black Sox

baseball-black-and-white

You may have read in a previous article of ours about a certain event wherein a player threw off his game in order for the other team to win and make money for gamblers.

Apparently, this instance has happened before during the Black Sox game during the 1919 World Series. On top of that, it wasn’t just one person, there were 8 of them.

As far as the court ruling goes, none of them was charged or found guilty, however, the association for baseball deemed it necessary to kick them off the sport and ban them for life. And if that doesn’t scream guilty, we don’t know what does.

NIT and NCAA Tournament

basketball-players

Just like what happened with Chicago White Sox wherein a group of players threw off their game in order to make the opposite team win, the NIT and NCAA tournament also had a similar experience but on a different level.

In this case, instead of teammates rigging the result, people from different teams colluded in order to get the result that they need for those who are betting for them and against them.

As far as the investigation went, 33 players were involved and suspended, a team got banned, and no tournament has taken place for about 30 years.

After these events, there were a few more scandals that happened which made the government realize that sports betting is indeed something that one ought not to get involved with.

dark-lid-room

Federal Bureau of Investigation, or the FBI, is the principal federal law enforcement agency of the United States. In other words, they are primarily responsible for the safety of the entire country.

This means that they, too, need to make sure that every illegal activity in the country has been neutralized.

On the other hand, sports betting is the act of betting on the odds of sports. The activity ranges from who scores first up to who will win the entire game or even a season. As far as the entire United States is concerned, they do not allow such activity for a certain reason.

money-dice-chip

The Crime in Sports Betting

Do you know that their main reason for regarding such activity as an FBI crime? It is because of the manipulation that goes around with it. And this isn’t just about how big sharks can manipulate their money by laundering it through this channel, it’s about manipulating the game as a whole.

You may not be familiar with this but there have been times where people who actually played in a sport tried to throw off their game in order to make the other team win. And do you know how they end up doing that? It’s because they start betting on their own game.

You see, if you bet on your game or even on other sports and you start losing, you’ll eventually go in deep debt. If you fail to pay these debts, there is a chance that they’d make you pay in another way which is through manipulating you to lose a game.

Because of this manipulation, the FBI would like to make sure that those who are determined to play dirty will be behind bars once they know who they are. This probably is also the reason why sports betting isn’t legalized yet.

handcuffs

Sports betting is a hobby that you need to be very careful of not because of the people playing with you, but because of how a certain state treats it. If you are not careful, you might end up in jail and penalized just by doing it.

But, have you ever wondered why it is considered as illegal and a crime in some states?

To give you a comprehensive overview, here are some of the things that are preventing some states from legalizing sports betting and continuing to treat it as an American crime:

Gambling Addiction

A state’s concern, first and foremost, should be on the welfare of their people. When they would legalize gambling, it would mean that a lot of people will be enticed to bet and if it is not carefully regulated, a lot of them would end up going bankrupt or develop a gambling problem.

In connection with this, people who have become addicted to playing would not concern themselves of their losses, they’ll be more concerned abouthow they’d get more money. Yes, that’s right, other crimes such as robbery and stealing would then become prevalent, worst case scenario.

The Black Market

If there’s too much money placed on a certain event, chances are those who are in the black market would rig the results. Now, this doesn’t just rob the bettors of their chance to win, but they are also besmirching the integrity of such sport. Which is why it can be understood why the government is uptight.

Money Laundering

This is one of the greatest issues that classifies sports betting as an American crime. Because of the fact that it won’t be suspicious to wire a huge amount of money through this channel, the government will have trouble proving money laundering issues.

Even if there is a high chance of losing, the chance of winning is about the same. People who are thinking to take advantage of this can make it seem like they won a lot of money and transfer it to their funds without inviting suspicions.

Illegal Companies

In every industry, there will always be companies that will try to scam other people by making them believe that they offer services they do not have. Most states preventthis from happening by not legalizing sports betting because they know how high stakes usually are in the game.

Moreover, because of this, these companies may want to actually participate in the game and pulling the odds into their favor paying the organizers to rig the results or some similar action.Can you just imagine how unfair this would be on the part of the public?

Of course, because the government also knows how people are looking forward to participating in such activities, they are looking for ways to regulate it. It is possible that a few years from now, every state in the US might have already legalized it.

And with this, we encourage you to stay with us so that once there is good news about the legalization of sports betting, you will be the first to know. And also, we’ll be able to give you tips and tricks place better bets.