SportBusiness International

Analysis and insight for the global sports business

World Cup worth €136bn to betting market

World Cup worth €136bn to betting market

SportBusiness International team's picture
By: SportBusiness International team

Posted:
9 Aug 2018
News
  • LinkedIn
  • Print

World football’s governing body Fifa has said the 2018 World Cup generated estimated global betting turnover of €136bn ($159.7bn) and was free from any evidence of match manipulation behaviour.

Analysis of betting behaviour during Russia’s staging of the World Cup was conducted by Fifa and its service provider, sports and betting-related services company Sportradar.

The average World Cup match is said to have had an estimated global betting turnover of €2.1bn with the final, which saw France defeat Croatia 4-2 on July 15 in Moscow, generating an estimated €7.2bn in betting turnover worldwide.

Besides various measures taken by Fifa to prevent and address potential situations of risk associated with match manipulation prior to, and during the World Cup, the competition was closely monitored for any instance of suspicious betting patterns around matches.

Fifa said in a statement: “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. 

“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.”

Back to top