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Match-Fixing in a Monopoly Betting Market

Bag, P.K.; Saha, B.

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Authors

P.K. Bag



Abstract

A monopolist bookmaker may set betting odds on a fairly even contest to induce match-fixing by an influential corrupt punter. His loss to the corrupt punter is more than made up for by enticing enough ordinary punters to bet on the losing team. This result is in sharp contrast to competitive bookmaking, where even contests have been shown to be immune to fixing. The analysis also reveals a surprising result that the incidence of match-fixing can dramatically fall when match-fixing opportunities rise. This is shown by comparing two scenarios—when only one team is corruptible and when both are corruptible. For both teams corruptible, the bookmaker is uncertain about to which team the influential punter will have access, so carefully maneuvering the odds to induce match-fixing is too costly.

Citation

Bag, P., & Saha, B. (2016). Match-Fixing in a Monopoly Betting Market. Journal of Economics and Management Strategy, 26(1), 257-289. https://doi.org/10.1111/jems.12172

Journal Article Type Article
Acceptance Date Jan 29, 2016
Online Publication Date Mar 11, 2016
Publication Date Mar 11, 2016
Deposit Date Jan 29, 2016
Publicly Available Date Mar 11, 2018
Journal Journal of Economics and Management Strategy
Print ISSN 1058-6407
Electronic ISSN 1530-9134
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 26
Issue 1
Pages 257-289
DOI https://doi.org/10.1111/jems.12172
Public URL https://durham-repository.worktribe.com/output/1421467

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Copyright Statement
This is the accepted version of the following article: Bag, P. K. and Saha, B. (2016), Match-Fixing in a Monopoly Betting Market. Journal of Economics & Management Strategy, which has been published in final form at http://dx.doi.org/10.1111/jems.12172. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.






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