Arsenal‘s yellow card investigation into possible betting market manipulation was expected to result in over $1 million in winnings, according to reports. According to The Athletic, a bookmaker got $420,000 in wagers for a yellow card received by an Arsenal player earlier this season, which is the equivalent of £310,000.
About the Investigation
The bet would have paid out nearly $1 million (£798,000) in wins. The patterns were detected by the bookies as suspicious, and they were reported to the international betting body over suspicions of “manipulation.”
Despite this, the International Betting Integrity Association (IBIA) has yet to launch an official investigation, although The FA is now investigating it.
The investigation also shows that the bets were in bitcoin and that the bookmaker who reported the suspicious behaviour is not headquartered in the UK and is not an IBIA member. The winnings from the Arsenal yellow card investigation were estimated to be worth over $1 million.
At this time, it is unknown what the outcome will be, and we will have to wait to see if the player involved in the incident will be investigated if it is discovered that market manipulation occurred. Joey Barton, Daniel Sturridge, and, most recently, Kieran Trippier have all earned significant fines and even suspensions for their involvement in betting.
About the Betting Patterns
According to reports in the Athletic, bookies contacted the FA after the match about strange betting patterns, and the regulatory body is looking into the claims, but no formal inquiry has been launched at this time.
Spot betting allows bettors to wager on specific aspects of games, such as whether or not a player will receive a yellow card or the number of corners. Even though spot-fixing has long been a source of concern in British sport, it has only been verified on a few occasions at the highest level of professional competition.
