Following FIFA Scandal Punters Bet on World Cup Relocation
On Wednesday morning the world looked on with a mixture of shock, awe and relief when Swiss police arrested a host of FIFA officials as part of an investigation into suspected bribery surrounding bidding for the 2018 and 2022 World Cups.
US prosecutors have said that the indictment alleges “rampant, systemic and deep-rooted” corruption across the world and it is thought that some officials may have enriched themselves by as much as $10 million or more.
However, despite these allegations, FIFA officials are insisting that Russia and Qatar will remain as hosts for the next two World Cups. Nonetheless, the events of the week have led to a number of punters questioning whether the venues will change. At Betfair a market immediately opened on whether Qatar will host the 2022 World Cup as scheduled. Surprisingly the favourite is No at 4/5 but Yes isn’t too far behind at 10/11.
However, at William Hill the odds tell a very different story. In exactly the same market the odds on Yes are very short at 1/5 but on No they are considerably longer at 7/2. This suggests that not all punters believe that this corruption scandal will lead to reallocation of the 2022 World Cup.
Should the 2018 World Cup be taken away from Russia then it is possible to bet on the alternative host. At Paddy Power England is the favourite at 11/10 followed by Portugal and Spain at 5/4 and Belgium and Holland at 9/2. There is a similar market for the 2022 World Cup with the USA as 5/4 favourites to host the competition followed by Australia at 7/4, South Korea at 11/2 and Japan at 13/2.
Punters are also able to bet on how many FIFA executives will end up in jail, the market is divided into ‘Under 4.5’ at 8/13 and ‘Over 4.5’ at 6/5.