"As the indictment defines it, a prop bet (short for proposition bet) is a bet regarding the occurrence or nonoccurrence during a game of an event not directly affecting the game's outcome. A gambler can wager on whether a player will score over or under a certain number of points, for example, or whether a person will make or miss a certain number of 3-point shots. The indictment included a number of reported incidents of bet-rigging."
"While the Billups indictment wasn't directly related to his conduct in NBA games, the Rozier indictment claims that an NBA coach identified only as Co-Conspirator 8 told one of the defendants that the Trail Blazers were tanking (that is, losing on purpose in the hope of getting a better draft pick), and that a number of key players would be sitting out an upcoming game, allowing gamblers except now they were no longer gambling to wager against the team."
The Justice Department indicted Chauncey Billups and Terry Rozier on gambling-related charges. Billups, with 30 other defendants, faces charges for involvement in a Mafia scheme to rig illegal poker games nationwide. Rozier and five others were charged with wire fraud and money laundering for allegedly altering in-game behavior to manipulate prop bets. A prop bet concerns the occurrence or nonoccurrence of events not directly affecting a game's outcome, such as scoring over or under a set number of points or making 3-point shots. The indictment cites incidents including Rozier removing himself in the first quarter and alleged claims that the Trail Blazers would tank; the NBA placed both men on immediate leave.
Read at www.mercurynews.com
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