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I'm not much of a gambler, but I bet on an MMA match once when I was in Vegas. I was informed that the payouts (or lack thereof) were determined by whatever the
by MiddleEndian 7mo ago
I'm not much of a gambler, but I bet on an MMA match once when I was in Vegas. I was informed that the payouts (or lack thereof) were determined by whatever the judges stated at the end of the night, even if the call was controversial and later invalidated. So this sort of thing does affect other forms of gambling, although obviously on a less significant scale.
- bhouston 7mo agoInteresting. What would happen if it was found later that the match was thrown on purpose by either the judges or the fighters? This sort of suggests that the best trading strategy would be if you had a guy inside of the censorship bureau who could help you define reality as you want it.
- lithos 7mo agoHappening to the NBA gambling leagues now with both players and referees.
- MiddleEndian 7mo ago>Interesting. What would happen if it was found later that the match was thrown on purpose by either the judges or the fighters? This was over a decade ago so I don't remember the exact details, but I'm sure this was covered by the wording of the agreement and I'd have been out of luck with the bookies. Can't comment on unrelated legal penalties, but in Japan there was match fixing in sumo and nobody got arrested (couldn't prove gambling) but a lot were fired: https://en.wikipedia.org/wiki/Match-fixing_in_professional_sumo#2011_investigation https://en.wikipedia.org/wiki/Match-fixing_in_professional_s... https://factsanddetails.com/japan/cat21/sub138/item1779.html https://factsanddetails.com/japan/cat21/sub138/item1779.html Unfortunately, combat sports are relatively easy to fix because you only have a few people involved in the live action at a time. >This sort of suggests that the best trading strategy would be if you had a guy inside of the censorship bureau who could help you define reality as you want it. As far as I can tell, it seems like the betting market sites explicitly encourage insider activities, and I would not be surprised if this happened for real. See: https://www.rawstory.com/leavitt/ https://www.rawstory.com/leavitt/ >Gamblers cry foul after White House briefing ends seconds before key betting cutoff A slightly different example because if true, the insider would be changing her behavior rather than changing the reporting of the facts. But it still shows that a small number of insiders (or a single insider) can change betting results.