{"id":133567,"date":"2023-12-05T11:10:06","date_gmt":"2023-12-05T14:10:06","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2023\/12\/05\/manipulation-of-results-bookmakers-are-the-most-affected\/"},"modified":"2023-12-05T11:15:45","modified_gmt":"2023-12-05T14:15:45","slug":"manipulation-of-results-bookmakers-are-the-most-affected","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/bookmakers\/2023\/12\/05\/manipulation-of-results-bookmakers-are-the-most-affected\/","title":{"rendered":"Manipulation of results: bookmakers are the most affected"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The third phase of Operation Maximum Penalty<a href=\"https:\/\/www.mpgo.mp.br\/portal\/\">,<\/a> initiated by the<a href=\"http:\/\/mpgo.mp.br\/portal\/\"> Public Ministry of Goi\u00e1s<\/a>, reignited a crucial debate: the involvement of <strong><a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/2023\/11\/28\/cbf-and-federal-police-unite-to-combat-result-manipulation\/\">bookmakers in match-fixing<\/a><\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Contrary to some perceptions, these companies are, in fact, the most affected by such practices.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vulnerability of bookmakers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Guilherme Buso, sports and betting leader at <a href=\"https:\/\/igamingbrazil.com\/en\/online-en\/2023\/08\/08\/genius-sports-posts-22-revenue-increase-in-q2\/\">Genius Sports<\/a><\/strong>, explains that bookmakers base their calculations on statistics and histories, using advanced technology to define odds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These odds reflect what happens during the game, but are vulnerable to privileged information or prior arrangements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;If someone has privileged information, or if someone has arranged something that will happen in the game, that person now has an absurd advantage over the bookmakers&#8221;, explains Buso in an interview with the Lance! portal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial impact on bookmakers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Genius Sports representative, there is a <strong>significant financial impact<\/strong> for bookmakers in cases of manipulation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;If an odd pays ten times the value of the bet, someone can transform R$100 into R$1000 with this privileged information, which goes against the essence of the game.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the end, the bookmaker is the biggest loser, as it is the one who bears this expense&#8221;, he added.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"696\" height=\"375\" src=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/12\/Manipulacao-de-resultados-casas-de-apostas-sao-as-mais-prejudicadas.png\" alt=\"Manipulation-of-results-bookmakers-are-the-most-harmed\" class=\"wp-image-133460\" srcset=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/12\/Manipulacao-de-resultados-casas-de-apostas-sao-as-mais-prejudicadas.png 696w, https:\/\/igamingbrazil.com\/wp-content\/uploads\/2023\/12\/Manipulacao-de-resultados-casas-de-apostas-sao-as-mais-prejudicadas-300x162.png 300w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Statements by Thairo Arruda and the need for awareness<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Recently, Thairo Arruda, CEO of Botafogo, expressed his intention to report alleged refereeing errors in the 2023 Brazilian Championship to the Public Ministry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He suggested that the referees may have been<strong> involved in betting schemes<\/strong>. However, Buso argued that clubs, managers and leagues must act to prevent manipulation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;It is essential that leagues act proactively, raising awareness among athletes, coaches and managers about <a href=\"https:\/\/igamingbrazil.com\/en\/sports-betting-en\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"Sports Betting\">sports betting<\/a>,&#8221; he claimed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Technology and integrity in sports betting<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Genius Sports, specialized in transforming sports data into odds, and the <strong>Brazilian Association for the Defense and Integrity of Sports<\/strong> work together to guarantee the integrity of bets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bookmakers provide crucial information, identifying outlier bets. Genius Sports monitors all bets and markets, issuing alerts for suspicious activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Analysis process and proactive action<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">After detecting <strong>discrepancies<\/strong>, Genius Sports begins a detailed assessment, and the resulting reports are sent to the <strong>federations<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Subsequently, federations can investigate possible manipulations, analyzing whether the cases are technically consistent or atypical.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This unified approach is essential to preserving sporting integrity and acting quickly in the face of threats.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fight against match-fixing in sport is complex, but essential. Bookmakers, alongside organizations like <strong>Genius Sports<\/strong>, play a crucial role in detecting and preventing these practices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The third phase of Operation Maximum Penalty, initiated by the Public Ministry of Goi\u00e1s, reignited a crucial debate: the involvement of bookmakers in match-fixing. Contrary to some perceptions, these companies [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":133495,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14873],"tags":[3080,3528,3505,4558,3114],"class_list":["post-133567","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bookmakers","tag-betting-houses","tag-genius-sports-en","tag-match-fixing","tag-sport-integrity","tag-sports-betting-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Manipulation of results: bookmakers are the most affected - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"See how bookmakers face challenges with match manipulation and prevention and integrity measures in the sports sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/bookmakers\/2023\/12\/05\/manipulation-of-results-bookmakers-are-the-most-affected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manipulation of results: bookmakers are the most affected - 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