Making Money Minute with Ron Hiebert - Sport Betting Fraud
One of the risks of sports betting is fraud, and it has just raised its ugly head. The US recently charged 20 people for operating a betting ring that fixed US College and Chinese Professional basketball games. This group bribed players between $10,000 and $30,000 to deliberately underperform in order for their teams to lose and for fraudulent bets to pay off. This point-shaving scheme involved 17 NCAA Division I programs, 39 players, and 29 games that prosecutors say were fixed or attempted to be fixed from 2022 through 2025. If you sports bet, fraud is always a risk. For more information listen to our Making Money Podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
