Current Use
In the past, small bookies saw large profits in small point shaving schemes; however, the conspiracy has reached new levels in present day sports. According to the 1999 Gambling Impact Study, an estimated $80 billion to $380 billion was illegally bet each year on sporting events in the United States. This estimate dwarfed the $2.5 billion legally bet each year in Nevada.
Such an enormous amount of illegal activity makes organized sports a likely candidate for corruption. On August 15, 2007, an NBA referee, Tim Donaghy, pled guilty to two felonies related to wagering on games that he officiated.
Read more about this topic: Point Shaving
Famous quotes containing the word current:
“I have come to believe ... that the stage may do more than teach, that much of our current moral instruction will not endure the test of being cast into a lifelike mold, and when presented in dramatic form will reveal itself as platitudinous and effete. That which may have sounded like righteous teaching when it was remote and wordy will be challenged afresh when it is obliged to simulate life itself.”
—Jane Addams (1860–1935)
“Phlebas the Phoenician, a fortnight dead,
Forgot the cry of gulls, and the deep sea swell
And the profit and loss.
A current under sea
Picked his bones in whispers. As he rose and fell
He passed the stages of his age and youth
Entering the whirlpool.”
—T.S. (Thomas Stearns)