Interpol To Hit Asian Football Gambling
Wednesday, January 23rd, 2008While they have already managed to cut off much of the supply line for the illegal gambling on Asian Football, Interpol are coming back for more with news that they are putting together a second swoop on racketeers in the area who are involved in illegal gambling as well as possible match fixing.
While the first raid last June saw 423 arrests across China, Hong Kong, Macau, Malaysia, Singapore, Thailand and Vietnam there are already plans well under way to mop up the remaining illegal gambling operations. It was estimated that at approaching 300 illegal operations were closed down last year, operations which were rumoured to have handled bets to the tune of C$680 million! As well as closing down the operation the authorities were able to “reclaim” some C$680,000 in cash which has now been confiscated.
So is this just the tip of the iceberg or has the monster been slain?
The problem with gambling in areas such as the Far East is the fact that demand is so high that there will always be a market. As soon as one illegal betting operation closes down another one opens because the demand is there. The main reason for the recent raids was the fact that closely linked to illegal gambling has been the “art” of match fixing and corruption. This is an area which even reached the UK some years ago with one particular football match being exposed as part of a corruption scandal after the lights were tampered with.
The fight against corruption in the gambling industry is an ongoing battle and one which neither side can really claim to have won. While the internet has brought much joy to many it has also given ruthless business people the chance to set-up illegal operations and market to a worldwide audience. The authorities may have won the last few rounds, the fight still goes on.
As we approach the run in for qualification for next years
One of the main growth areas in sports betting is the in play option which many betting exchanges have introduced for games such as football, tennis, cricket, etc. While there are many gamblers who tend to steer clear of in play situations, they can be very very lucrative if you know what you are looking for, and the setting is correct.