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After the final whistle of the France match against Argentina on June 30, a line of people went "to settle" with a coffee bookmaker
The score of 4-3 in favor of France saw the bookmaker hand out a
But he made a killing when others reluctantly passed him their money, adding to the thick wad of $ 50 bills that he flashed at the restaurant crowded with Geylang Lorong 15.
As the World Cup enters its home stretch, bookmakers in the play areas in Geylang, Hougang and Bukit Batok are expecting more business because they may want to be placing a bet before it finishes
options and better payment rates.
Illegal operators are also quick to adapt to changes, using smartphone apps or well-designed websites to make betting easier. Transactions are made via WeChat and Alipay, which allows customers to immediately transfer money.
The Straits Times learned that one must go through an agent, or an intermediary, to open an illegal betting account. When this reporter asked how to open a betting account, a bookmaker asked him to deposit a deposit of $ 3,000.
Although some people think that placing bets with bookmakers is a harmless activity, it is illegal and can lead to deep debt.
An industry observer, who declined to be named, said: the game is a big deal. "
On July 2, 31 men were arrested and $ 1.25 million in cash seized in a police operation against illegal World Cup bets.
During the 2014 World Cup, a coordinated sting by Interpol in Asia, 1,400 arrests and about $ 12 million ($ 16 million) were confiscated from illegal unions.
More than 1,000 raids were conducted on gambling halls controlled by organized crime groups One billion bets on illegal football sites
According to Transparency International and Asian Racing Federation, Asia accounts for 80% of the estimated $ 500 billion of illegal bets in the world.
The Hong Kong Jockey Club told ST that it estimated that "at least 30 billion Hong Kong dollars ($ 5 billion) would be betted illegally at the 2018 World Cup" in Hong Kong
. no bets for this World Cup are similar to 2014.
His spokesman said: "We consider it our duty to defend and defend a responsible gaming environment with guarantees in place for our customers. " [19659002] Guarantees include the requirement to be at least 21 years old before qualifying for an account, setting daily limits on bets and prohibiting credit bets.
HELPLINE
If you have a gambling problem, you can call the national problem gambling help line: 1800-6668-668
LEARN MORE MORE, READ THE TIME OF STRAITS TODAY
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