World Cup Betting; Smells Trouble

Published July 10, 2002 by OCR Editor

World Cup Betting; Smells Trouble

On Thursday two men disguised as police officers were charged with illicit incarceration and extortion subsequent to trying to lug money out of a used car merchant who failed to pay a $60,000 gambling liability sited all through the World Cup playoffs.

Two men told authorities that a man named  Koh had confronted them and asked them to collect $20,400 along with a Volvo sedan from a 40 year old car dealer named Saksin Poonchalak,Situated in Nonthaburi, Thailand. Authorities confiscated an ID card found in the suspect's car belonging to an ex- deputy colonel from the crime control department. The car dealer confessed to an outstanding balance of $60,000 he owes a bookmaker.

Mr Poonchacalak Claims that he was swayed in to placing a bet by a man named "Puwadol, that entered his car dealership at the time the World Cup was taking place. At first Mr. Poonchacalak hit a winning streak, collecting more than $2,400 on his first bet. Unfortunately it all went downhill from there and consequently, he lost $60,000 on the third game between South Korea and Turkey. The car dealer was determined to get his money back that he had lost and again tried to bet on the final game. However, the bookmaker snubbed him in his attempt to place a bet, requiring him to sign a payment advancement contract. The contract stated that as a security guarantee, he would have to hand over possession of fifteen stores and confiscating four vehicles from Mr. Poonchacalak. Mr. Poonchacalak said,"They have taken more than 10 million ($240,500) from me."

See also

And the Winner is...Top Betting Operators for the World Cup

Special Report: World Cup Summary at bet365

Betting Odds for Brazil vs. Netherlands World Cup Third Place Match

World Cup Betting: The Exclamation Point on Unibet Interim Earnings

Hong Kong cracks down on illegal gambling

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