World Cup 2018

Football gambling gets worse in China with the hold of world cup 2018 in Russia

Share

The World Cup is the biggest tournament in the sporting world and it should come as no surprise that billions watch the event. While the likes of France, Germany, Brazil and even Belgium were expected to lift the trophy, the tournament has provided numerous surprising results.

Germany losing to Mexico or Russia defeating Spain might look great on TV and for fans but a number of supporters face issues when it comes to betting.

A report from the Star claims that China has spent a whopping 28.6 billion yuan in just three weeks of the competition, almost double what was spent in 2014.

The figure does not even take into account illegal or underground betting and rather unsurprisingly, people have lost loads due to the surprise results.

Li Feng, a gambler, who also runs a fried chicken outlet lost 1,000 yuan after Germany lost to South Korea and even claimed no one would have bet on the Asian side.

Li is right to an extent and with many facing similar issues some estates in the country have also closed their rooftops in fear of suicides that could take place, an issue that has been highlighted across the globe.

Betting is integral to sport these days

Betting has become an important part of football as many take part in predictor games to test their football knowledge. The lure of decent returns, especially when backed by stats and historical figures is too good to resist and with the advent of apps, betting has become easier.

It just takes a couple of steps to actually make a bet on such apps:

1) Check out apps or websites for predictions about the result you want such as Whoscored, ScoreBing, Dong Qiu Di, DS ZUQIU etc.

2) Make the bet on sites such as Bet365, Bwin, Betfair etc. and you are done!

Relying on these apps for results is a catch 22 situation. On the one hand, these apps provide in-depth knowledge to make a decision but as with every sport in the world, football is unpredictable and even with stats, you could get surprising results.

Simply blaming the apps or betting for the suicides is unfair. Sports is about passion and sometimes people do take it to an extreme but we hear about deaths related to betting all across the world, it isn’t limited to just China.

The famous economist Song Qinghui pointed out that behind seemingly fair gambling, there are actually multiple “traps” of black market makers. In order to ensure that gamblers must lose every gamble, the “odds” are set after careful analysis by their large team of mathematicians and actuaries. At the same time, in order to cater to the psychology of some gamblers “getting rich overnight,” the gambling black market operators have set a very high loss ratio, causing some investors to take risks in blocking the ball. If you win, you still want to win. If you lose, you want to turn it over, so that the gambler can never stop and eventually falls into the quagmire.

Due to the state’s strict investigation and punishment of the use of the Internet to sell lottery tickets by organisations and individuals such as network companies, some APP and lottery websites have been unable to purchase sports lottery tickets shortly after the start of the World Cup.

Bet gambling is in line with the behavioral characteristics of gambling crimes in Criminal Law. As long as the filing criteria is met, criminal responsibility is also pursued. Those who participate in online gambling or organised gambling during the World Cup may be sentenced to imprisonment for up to three years and fined, or imposed administrative punishment for public security detention.

 

 

Saiyed Adeem Karim

Ditching a corporate job to follow a dream isn’t easy, but when football comes calling, who can say no? Been following the beautiful game since 1998. FIFA addict, F1 fanatic. Follow me @bonbonkayzee

Recent Posts

The Vital Role of Communication on the Soccer Field: Unlocking Success in Leagues

Communication is the heartbeat of any successful soccer team. On the field, amidst the flurry…

23 hours ago

The Brilliance of Paul Scholes: A Midfield Maestro’s Illustrious Career

In the annals of football history, few names evoke as much reverence and admiration as…

2 weeks ago

Online games on Football

Are you new to the world of football betting and would you like to take…

3 weeks ago

Using Soccer News to Enhance Your Game Strategy

If you are into sports betting, staying ahead of the game is crucial. One way…

4 weeks ago

Interesting Facts About Football: 40 Questions and Answers

I have prepared some interesting and fun football facts for you, perfect for those who love the  thrill of discovery almost as much as the excitement found at https://www.staycasino.com/. Like the  unpredictable nature of casino games, these facts will surprise and intrigue you with unexpected  twists and turns in the world of football. Here is the complete list of 40 interesting and fun facts  about football.  What are the most interesting facts about football?  Football was invented in Italy, Messi is the highest-paid athlete, and the fastest a player has  been sent off is 0 seconds!  Stay ahead with these facts and impress with your knowledge. This collection contains many  football facts that will surprise you. Tell your friends new facts they don't know.  Interesting Facts About Football  Every football fan should know these facts. You can also surprise your children with what they  don't know!  When was football invented?  Modern football originated from the Florentine game of Calcio Fiorentino, played in the 14th …

4 weeks ago

Real Sociedad vs PSG preview, team news, tickets and prediction

Real Sociedad returns to the midst of Europe's elite clubs in the UEFA Champions League…

1 month ago