How Regulators Detect Unusual Betting Patterns

July 25, 2018 July 26, 2018 James Anderson

One thing that no bookmakers will want to be the victim too, is a well thought-out out betting coup, which most of them would prefer to call a betting scam, however that is something any bookmakers could fall victim to with so many sporting events being played out all over the world at any one time or another.

There are of course plenty of different ways that people can rig the outcome of any sporting event, however one of the easiest ways that such things can be detected is by bookies having in place a very robust unusual betting pattern detection system.

When people are placing bets and wagers at betting sites you will often notice they tend to follow the same type of pattern, for example when there is a football match most punters will leave it to the last few hours before the kick off of the match before they start to bet.

It can also be the geographical area those punters live in regarding just which betting outcome they will bet on. So for example it would not be unusual for punters in Scotland to place the most bets on the Scottish football tame winning and up and coming match.

Unusual Betting Patterns Defined

The way in which abetting site is going to be on the lookout for unusual betting patterns is when large volumes of bets are being placed on the underdogs winning, so if for example an outsider in a  greyhound racing is attracting a high volume of wagers that is going to raise a red flag.

Also it is often on the more exotic types of betting opportunities that those trying to organise a betting scam will be looking, and as such if there is an unusually large number of bets being placed on one footballer scoring a goal or getting a red card for example then expect bookies to look more closely at those types of bets being placed.

Reporting Unusual Betting Patterns

The onus is of course on a betting site to detect unusual betting patterns and to then be able to prove that something untoward has gone on with the sporting event those bets were placed on.

They can and often do initially refuse to pay out all winning bets if they have received a large number of bets on a particular outcome which turns out to be a successful outcome for punters, but they are then going to have to report their findings and suspicions to both the governing body of that sport and their licensing commission.

As such if a bookmaker based in the UK for example suspected something was suspicious from a betting point of view about the running of a horse race, they must report their suspicions to both the Horse Racing board in the UK along with the UK Gambling Commission, and it will be the latter organisation that will ultimately make a ruling as to whether those winning punters should be paid out in full or not paid out at all!

About The Author

James Anderson

Contributor

James Anderson is our legal beagle and loves nothing more than dissecting laws and regulations surrounding online, mobile and land based gaming and ensuring all jurisdictions sing from the same hymn sheet, and is prepared to call them out if they do not.

Leave a Reply

Your email address will not be published. Required fields are marked *