Bets of the suspicious nature in the betting industry represent a danger to the integrity of sportsbooks globally. Bookmakers can then avoid potential risks by constantly monitoring betting activity, utilizing top-flight technology, and sourcing data from reputable sources like the International Betting Integrity Association (IBIA). It is tools like VIP Pay Per Head that bookies use to keep their platforms safe and stay reputable in a rapidly advancing marketplace.
Suspicious Betting: The State of Play in the Gambling Industry
According to recent reports by International Betting Integrity Association (IBIA), suspicious betting activity continues raising the stakes. In Q2 2024 alone, the IBIA reported 90 suspicious betting alerts, just down from 93 in Q1. Nevertheless, this reflects an 80% rise versus the 2023 period.
These alerts covered eight sports across 25 countries and underscored that suspicious activity can come from almost any region or sport. eSports, football, and table tennis were responsible for 84% of all cases, with eSports alone accounting for roughly half. This spike—largely attributable to one case—highlights just how critical it is for bookies to stay on top of every wagering category.
Regions and Major Trends and Statistics
Europe had 19 alerts in Q2 2024 (up from 4 in Q1), a significant increase in suspicious activity. Though this is a decline on the 31 cases noted in Q2 2023, it does still indicate a need for vigilance. Poland had the most cases, with six alerts, establishing an instance for country-level monitoring.
IBIA chief executive Khalid Ali said the figures illustrate a need for bookmakers to step up account level monitoring and be more vigilant about detecting anomalies. These steps are important to maintaining the confidence of both customers and regulators.
The Role of Technology in Stopping Suspicious Bets
Technology must form a central pillar of a bookmaker’s approach if suspicious bets are to be successfully tackled in the betting industry. VIP Pay Per Head comes with a complete package with built-in tools to help you detect any anomalies with betting be it before it even becomes a bigger problem.
- Tools That Empower Bookmakers
- Below are just some of the things VIP Pay Per Head gives bookies:
- Real-time account monitoring
- Alerts of unusual betting activity have been automated
- Full reporting and analytics
- Risk management dashboards
Such tools allow for quick yet intelligent decisions and mitigate exposure to fraudulent behavior. Early identification of patterns helps bookies intervene before suspicious bets affect revenue or integrity.
The grand scheme of things: Data and global monitoring
IBIA monitors more than $300 billion in annual betting at more than 125 regulated betting brands. This huge network provides the organization with a unique insight into the ability to detect suspicious patterns and gives data that empowers bookies to react swiftly.
Performance data collated by the IBIA and other integrity-minded watchdogs should be a regular consideration for the bookies. Doing so enables them to:
- Get updates on the latest world news.
- Recognize emerging threats
- Take proactive steps to safeguard their business
Furthermore, engaging in the conversation around the global regulation of the betting market, such as Brazil’s proposed models of operation, assures any bookmaker’s commitment to operating with transparency and integrity.
The Lasting Value of Vigilance and Technology
Detecting and responding to suspicious bets isn’t just a matter of compliance in the betting industry — it’s squarely a matter of protecting your brand and customers. The bookmakers that will invest in monitoring tools, keep up with trends, and practice responsible gambling will create firms that are more trustworthy.
Working with VIP Pay Per Head
A provider such as VIP Pay Per Head grants bookies access to the security infrastructure necessary to organize risk without compromising the fluidity and pleasure of the user experience. The tools of the platform are meant to allow bookies to remain competitive while maintaining integrity and trust.
Closing Thoughts: Being Proactive Against Fraudulent Betting
The betting industry can be brought down by very suspect betting patterns in a short time frame that may destroy customer confidence and regulatory license. With IBIA data, smart monitoring systems, and experienced platforms like VIP Pay Per Head, bookies can mitigate risks and create a safe, sustainable operation.
Integrity in sports betting is no longer optional; it is the strategic imperative for long-term success in a global market.
