"Some 300 football games a season are fixed in Europe's top leagues..."

The former German football manager Sepp Herberger once famously said that people go to football matches because they do not know who will win. I have just watched a match in the almost certain knowledge not only of who would win, but with a fairly shrewd idea of what the score would be.

I was right on both counts. This game was played last weekend in the top division of a European league and I was not the only one who knew. At least £1.5m (€1.76m) was wagered on this game via betting exchanges - a game that would normally have attracted perhaps £50,000 (€58,800). More...

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