Granted that bookmakers create a product from sports events and make decent returns from designing and taking odds on the outcomes, the basis of this claim by sport organizing bodies in the UK is just beyond belief.
Essentially, their demand is to share in profits generated by bookmakers who take the risks associated with the outcome of the events. To my mind, this is a reflection of the inability of these bodies to generate their own revenues hence the alacrity in clipping a share of the profits of anyone connected to sports. They should fail in this. If, as they state, their claim is based on the need to assist in fighting match fixing, then a close observation of the odds and some clever forensics work suffices. Sharing profits will not ensure that there's less match fixing especially as the sports bodies will have an incentive in ensuring higher incomes for the bookmakers. This proposal ought to fail for being utterly disingenous.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment