Bookmaker received $420,000 worth of bets on controversial Arsenal yellow card 3 months ago

Bookmaker received $420,000 worth of bets on controversial Arsenal yellow card

It was flagged to the international betting watchdog over "manipulation" concerns

A bookmaker received around $420,000 (£310,000) worth of bets on a controversial yellow card received by an Arsenal player in a Premier League fixture earlier this season, as reported by The Athletic.

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After receiving the bets, the bookmaker flagged it to the international betting watchdog over "manipulation" concerns.

Earlier this week, it was reported that the Football Association (FA) were investigating a yellow card received by an Arsenal player as part of a pattern of 'suspicious bets' that have been placed.

The unnamed bookmaker informed the FA of an unusual amount of money placed on an Arsenal player to receive a yellow card, with the governing body thought to be investigating the situation.

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However, The Athletic have revealed that no formal FA investigation is being conducted at this stage - adding that correspondence took place between a bookmaker and the International Betting Integrity Association (IBIA) about the incident.

It states that several bets of around $420,000 worth of cryptocurrency were placed on the player in question to get a yellow card - which happened in the match.

As a result, it should have seen winnings of over $1 million (£738,000), however, an internal investigation concluded the market may have been subject to manipulation.

Bookmakers are required to report to authorities - the International Betting Integrity Association (IBIA) - when they spot suspicious incidents, with a number of gambling industry insiders telling The Athletic that the pattern of betting in question was incredibly unusual.

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The act of betting on small details of sporting events such as yellow cards is known in the industry as 'spot-betting.'

Spot-betting is an act which has been a problem around the world, but it is believed to be a rare occurrence in the Premier League, largely due to the large wages most players are on.

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