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Gambling Newsbeat

Tuesday, December 06, 2016

A record $1 billion bet on MLB in 2016

Putting Pete Rose in the pre-game studio is paying off.

Through October, $1.0 billion was bet on baseball at Nevada’s regulated sportsbooks, an all-time record, according to gaming control, and nearly double the amount that was bet in 2010. By comparison, $1.6 billion was bet on football (NFL and college) in 2015.

At a time when more money is being bet on baseball than ever before, Major League Baseball is taking a new approach to how it keeps track of the betting on its games.

A two-hour workshop highlighting potential benefits of legal sports betting and the technology available to protect the integrity of the games was held Monday at Major League Baseball’s winter meetings in Washington, D.C.

Major League Baseball partnered this spring with Genius Sports, a sports integrity firm that monitors international betting markets, looking for irregularities that may indicate corruption. Headquartered in London and with office in Los Angeles, New York and Washington, D.C., Genius Sports provides MLB with market analysis, real-time alerts and other protections designed to identify betting-related corruption.

Genius Sports estimates $55 billion is bet annually on baseball throughout the world, with only a small fraction taking place in legal markets.

RoyalsRetro (AG#1F) Posted: December 06, 2016 at 03:04 PM | 10 comment(s)
  Beats: gambling

Monday, November 07, 2016

South Korea Charges 21 With Match Fixing

Say it ain’t you, Yoo!

The South Korean police said Monday that they were pressing criminal charges against 21 people, including two professional baseball pitchers in the KBO League, on suspicion of match fixing.

In 2014, the pitchers, Lee Sung-min of the NC Dinos and Yoo Chang-sik of the Hanwha Eagles, deliberately walked batters in return for gifts and cash from match-fixing brokers, the police said. Lee now plays for the Lotte Giants and Yoo for the Kia Tigers.

The police said two NC Dinos officials covered up the match fixing when Lee confessed to it and then traded Lee to the KT Wiz for $875,000.

RoyalsRetro (AG#1F) Posted: November 07, 2016 at 11:32 PM | 2 comment(s)
  Beats: gambling, korean baseball, match-fixing

Thursday, September 08, 2016

Betting tout Adam Meyer pleads guilty in $45 million scam

Florida betting tout Adam Meyer pleaded guilty to extortion and racketeering Thursday in a scam that cost Fond du Lac millionaire Gary Sadoff $45 million — a sum that is nearly double the amount Meyer was originally charged with embezzling.
....
Meyer falsely claimed Real Money Sports used computer analysis and simulations to predict the outcome of games.

He previously claimed to have helped MLB with an investigation.

The Fallen Reputation of Billy Jo Robidoux Posted: September 08, 2016 at 04:02 PM | 25 comment(s)
  Beats: gambling

Monday, July 25, 2016

Yoo Chang-sik under police investigation for match-fixing

Say it ain’t you, Yoo. Say it ain’t Yoo.

South Korean police say they have investigated a baseball player who confessed to his team about match-fixing.

The investigation of Yoo Chang-sik, a left-handed pitcher for the Kia Tigers, came four days after prosecutors indicted two other players on match-fixing allegations.

According to police, Yoo told investigators Monday that he deliberately allowed walks in the first innings during two games in 2014 when he was playing for the Hanwha Eagles.

Police cited Yoo as saying he took a total of $2,640 in return from a broker.

RoyalsRetro (AG#1F) Posted: July 25, 2016 at 05:37 PM | 3 comment(s)
  Beats: gambling, korean league

 

 

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