Wednesday 17 February 2010

Does Political betting encourage corrption?

I do worry that betting on politics can encourage corruption in politics.
To be honest, I do bet myself on politics.
OK I am a hypocrite, I admitt. I do bet on poilitcis. But hey, I will not fix the results other people may do. So I am a concerned hypocrite. Yes, I will have 50 on that concerned hypocrite, each way. A true moral gambler.
Surely it increases the likelihood of some foreign betting ring fixing an election whether it be a few seats or a few opinion polls, or even assassinations.
Here are some possibilities.
Bribing the vote counters
What if some betting ring, or millionaire gambler bribes people doing the counting or deciding who votes, to change the result. All it takes is a few votes in a few seatas and that could change who the government is.
Assassinations caused by betting
What happens if some gangster gambler has a politician assassinated to change the results.
OK you could argue making political betting legal, decreases the likelihood of this as ;
Legal betting V underground betting
Legalizing gambling forces betting to be done in a legal framework with serious business people, rather than betting being driven underground to ruthless gangsters, done underground with criminal gangsters and organized crime gangs whose way of life would be criminal methods to get their result.
If betting was sent underground maybe as happened with Colombian football player, after the 1994 world cup assassinations would be more likely. After all what do the organized crime gangs have to fear from the police if they are already breaking the law by doing mass illegal betting gangs.

OK so maybe political betting should not be banned. Banning political betting would probably just take gangsters in control of it and increase even more the chance of criminal corruption in politics.
Conclusion
Hopefully political betting, or political gambling will increase assessment of results and decrease corruption by analytical types being able to spot dodgy results compared to opinion poll results. Maybe though politicians should be banned from betting on politics as they are in the know, and insider info is considered wrong, simply not fair play old man, as English people used to say.
I just hope we do not see any MPS voting for their opponents then deliberately losing their party votes, with silly scandals.
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