P.K. Bag
Match-Fixing in a Monopoly Betting Market
Bag, P.K.; Saha, B.
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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