New corruption alert in tennis after suspicious betting moves
betting exchange A betting exchange is a peer-to-peer gambling website acting as a broker between parties for the placement of bets. The concept is similar to that of a stock exchange or a futures exchange, where in this case the commodity being traded is a bet, rather than a stock or futures Betfair have launched an inquiry into Wednesday's St Petersburg Open match between Dmitry Tursunov Dmitry Igorevich Tursunov (Russian: Дми́трий И́горевич Турсу́нов ( and Boris Pashanski after punters cried foul over unusual market moves.
The fifth-seeded Tursunov lost to Scotland's Andy Murray, the second seed, yesterday but it was the Russian's 4-6, 6-3, 6-4 second-round win over Serbia's Pashanski that drew scrutiny. One punter Punter
1. An trader who hopes to make quick profits. Basically, another term for speculator.
2. In the U.K., it is generally used to describe someone who gambles. It is also used to mean a client or customer of any business. states that Tursunov was continually being backed to win the match at 1.20 [Betfair's equivalent of 5-1 on] despite having lost the first set and trailing 2-0 in the second.
Betfair has declined to void the market because, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a source close to the investigation, prices had been influenced by the actions of a single high- rolling punter, an individual well known to the exchange as a significant net loser. It is said that he had attempted to place a large bet discreetly through the organisation's brokerage team but, frustrated frus·trate
tr.v. frus·trat·ed, frus·trat·ing, frus·trates
a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: at delays, lumped on his stake "up front", sending prices tumbling.
However, independent punters who were observing the market believe Tursunov still had significant short-price backers. "Those in the know continued to back him at ridiculously low prices even while he was getting treatment for a lower back injury at the end of the first set," said the Betfair punter. The Association of Tennis Professionals, which has an agreement to work closely with Betfair whenever suspicious betting patterns are reported, is to investigate the data.
The ATP ATP: see adenosine triphosphate.
in full adenosine triphosphate
Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. has a continuing investigation into the match involving Nicolay Davydenko and Martin Vassallo Arguello. Separately Davydenko was yesterday fined $2,000 (£1,000) by the ATP for "a lack of best effort" during his 1-6, 7-5, 6-1 defeat by Marin Cilic in St Petersburg on Thursday, though sources say it is not thought there were irregular betting patterns.
There has been close dialogue between Betfair and the ATP over possible match fixing Match fixing or game fixing in organized sports occurs when a match is played to a completely or partially pre-determined result. Where the sporting competition in question is a race then the incident will be referred to as race fixing. since Davydenko withdrew from his second-round match against Arguello at the Poland Open in August. It is understood that the latest information will feed into that inquiry. The ATP said: "We have a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Betfair and any information we receive we will examine and investigate where appropriate." Neither Tursunov nor Pashanski could be contacted yesterday.