Yousif Ali Mrs. Timm Period F March 10 th, 2013.  Definition  History Football  Economic Affecting economy/ Economic Crisis Affecting Sports view 

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Presentation transcript:

Yousif Ali Mrs. Timm Period F March 10 th, 2013

 Definition  History Football  Economic Affecting economy/ Economic Crisis Affecting Sports view  Violence Threats/ Mafia

 Definition How does it apply in sports  Who’s Involved Club Owners High bidder's  Winning Bets Mafia’s

 Racketeering Boxing Baseball Football  Stopping Racketeers‘ Gambling  Illegal Disqualifying athletes

 Racketeering Easy way to gamble  Hard to Recognizing the scenario.  Boxers “Taking a dive” action

 Overwhelmed by match fixing The Black Sox Scandal  Players banned for life  Stopping gambles

 Match fixing in Europe 380 matches under review  Match fixing outside of Europe In Africa Asia and South and Central America  300 Matches under review

 Racketeering Affecting other sports  In Japan Sumo had racketeering problems

 Sports Economy Successful  Racketeers Causing Decline in Economy

 Fans Losing interest towards game  Countries Economy  Racketeering is hurting economy worldwide

 Racketeering involved in all sports  Actions Stop racketeers  Sports view/ Reputation

 Destroying/ Weakening sports image Sports is one of the most attractive entertainment  Taking advantage  To gain money  Taking serious actions against Racketeers  Risk of gaining money and avoid investigations.

 "Chicago Price Theory - The Becker Friedman Institute for Research in Economics." Chicago Price Theory - The Becker Friedman Institute for Research in Economics. N.p., n.d. Web. 3 Mar  Chevalier, Judith and Ellison, Glenn. “Risk- Taking by Mutual Funds as a Response to Incentives.” Journal of Political Economy, December 1997, 105(6), pp. 1167–200.  Fudenberg, Drew and Tirole, Jean. Game theory. Cambridge, MA: MIT Press, 1991.

 Mauro, Paulo. “Corruption and Growth.” Quarterly Journal of Economics, August 1995, 110(2), pp. 681–711.  Porter, Robert H. and Zona, J. Douglas. “Detection of Bid Rigging in Procurement Auctions.” Journal of Political Economy, June 1993, 101(3), pp. 518–38.