Cheating - Document

The wagering of money on an event extends the motivation for cheating beyond directly participating competitors. As in sport and games, cheating in gambling is generally related to directly breaking rules or laws, or misrepresenting the event being wagered on, or interfering in the outcome. A boxer who takes a dive, a casino which plays with secretly loaded dice, a rigged roulette wheel or slot machine, or a doctored deck of cards, are generally regarded as cheating, because it has misrepresented the likelihood of the game's outcomes beyond what is reasonable to expect a bettor to protect himself against. However, for a bookmaker to flatter a horse in order to sell bets on it at shorter odds may be regarded as salesmanship rather than cheating, since bettors can counter this by informing themselves and by exercising skepticism. Doping a horse is a clear example of cheating by interfering with the instruments of the event under wager. Again, not all interference is cheating; spending money to support the health and well-being of a horse one has wagered on is not in itself generally regarded as cheating, nor is improving the morale of a sportsman one has backed by cheering for them. Generally, interference is more likely to be regarded as cheating if it diminishes the standard of a sporting competition, damages a participant, or modifies the apparatus of the event or game.
In the world of gambling, knowing a secret which is not priced into the odds gives a significant advantage, which may give rise to a perception of cheating. However, legal systems do not regard secretly making use of knowledge in this way as criminal deception in itself. This is in contrast to the financial world, where people with certain categories of relationship to a company are restricted from transacting, which would constitute the crime of insider trading. This may be because of a stronger presumption of equality between investors, or it may be because a company employee who also trades in...