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:
“For the purpose of knowledge, one must know how to use that inner current that draws us to a thing, and then the one that, after a time, draws us away from it.”
—Friedrich Nietzsche (1844–1900)
““I” is a militant social tendency, working to hold and enlarge its place in the general current of tendencies. So far as it can it waxes, as all life does. To think of it as apart from society is a palpable absurdity of which no one could be guilty who really saw it as a fact of life.”
—Charles Horton Cooley (1864–1929)