"Wise advice straight from the horse's mouth"
13 April 2000, The Financial Times, London link
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There is a simple solution to the cricket match fixing scandals ("Cricket hero suspended", April 12 2000) - legalise it.
The acceptance of money by players for information, forecasts or for losing matches should be legalised. If it is recognised that the outcome of a match could be a function of not just the toss, the weather or the relative skills of the players, match outcome betting should dry up, soon followed by bribes to players and the temptation to throw matches.
Of course, prize money would have to be sufficiently larger than a potential bribe by an opposing side and the question of bribes to umpires and referees has to be addressed.
Whilst I was an undergraduate studying Probability
I worked on Saturdays in a betting shop. I was wisely
advised by the "turf accountant" never to bet on anything that could speak. Perhaps that lesson could also be learnt by investors in the heavily-hyped dot.coms.
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Bid bye bye to the fortuity of cricket's toss
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