In the London Evening Standard the President of the International Olympic Committee, Jacques Rogge spoke of his fear that illegal betting will take place during the Olympics. For him it represents even more of a danger than doping. “The illegal betting networks, contrary to doping, are very international.” There will be tight security surrounding the games involving the armed forces and over 20, 000 security staff have also been recruited and there will also be online betting security to avoid fraud.
Betfair which is one of the world’s leading online sports betting providers has an agreement with the International Olympic Committee (IOC) to monitor any illegal betting activity. The IOC also has agreements with online gaming operators and bookmakers. In 2003 Betfair first set up information sharing agreements with the sports industry and it is this type of agreement it has with the IOC. Information will be shared on any suspicious activity relating to wagering on the Olympics and the IOC will also be able to monitor bets placed on Olympic sports.
During the last two Olympic Games there was close monitoring and no signs of illegal betting were seen. The hope is that it will be the same for the 2012 London Olympics.