Tuesday, January 25, 2005

Betting Scam Uses a Mobile Phone and the Internet

Overseas 'spies' in betting scam

So picture this. Someone in a crowd at a football match in Europe with a mobile phone poised in hand. A goal is scored and a call is placed to give the update to a contact in Hong Kong. The latency before a website offering 'betting-in-running' can update their pages allows the contact to promptly place a large bet of approximately £1000 on who will score the next goal.

Simple.

Until the gang got caught - as 20 people were arrested last weekend for running an illegal bookmaking operation.

Its not known yet how much money was made in the 6 weeks the syndicate was operating - but clearly enough to send ringers to European matches.

I'd say the onus is on the bookies to ensure they clock the time of the goal when they close the market - which i'm assuming the majority do, but there maybe the odd slip-up or technical hiccup that allows the loophole to happen - its unlikely that the UK bookies haven't already taken this into consideration on their sites - unfortunately!

posted by jo @ 12:34 AM   0 comments

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