FIFA World Cup Betting Turnover worth Billions

The Federation of International Football Association (FIFA) has released a report which outlines the global betting figures relating to the 2018 World Cup which took place in Russia. A whopping AU$219 betting turnover was generated worldwide. Read on.

Betting Figures: World Cup 2018

The 2018 FIFA World Cup has generated billions in betting turnover, as already mentioned. Each game from the tournament has resulted a universal turnover of approximately AU$3.32 billion on average.  The final game, which was between France and Croatia attracted a substantial AU$11.34 billion.

FIFA World Cup Betting Behaviour Analysis

Sportradar, which is a Swiss sports data company and a services provider to FIFA, carried out an analysis of the betting behaviour during the 32-team football tournament. Judging by the betting behaviour, the study also concluded that the competition was free from any obvious evidence of manipulation of matches.

“Sportradar’s fraud detection system monitored over 550 betting operators worldwide, generating some alerts during the competition, which are easily explained by markets adjusting the opening odds after the first match or two were played,” said the FIFA statement.

“Following an in-depth, qualitative analysis of the overall volume and movement odds within the betting market, no matches at the 2018 Fifa World Cup Russia were found to be suspicious of match manipulation or betting fraud,” the statement concluded.

FIFA in Other News

A new offense of defamation has been added to FIFA’s code of conduct. On Tuesday, FIFA said that people who “tarnish the reputations of others” needed to be banned from soccer. On Monday, the Associated Press announced that the new offense had been added to the document governing the conduct of participants in soccer. Participants disobeying the rule will be subjected to a ban of up to five years from the game.

FIFA replied saying that the new offense of defamation “exists in most legal systems.”

“The world of football is not immune to conduct that aims to tarnish the reputations of others and … must be sanctioned accordingly,” said FIFA.

“The article concerning defamation is not only there to protect FIFA, but also to protect any other person covered by the code who may be subjected to discriminatory or defamatory statements in the context of FIFA events,” FIFA added.

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