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If two football teams quit their game early on and agreed upon calling it a draw, not only would the audience be pretty disappointed, but they'd lose money on the betting markets too. There are of course non-agreed upon draws in chess, but the clock makes it impossible to draw at full time. Still, most chess games end as agreed upon draws.

Is a problem for betting on chess? Is this rigging how grand masters earn money?

closed as primarily opinion-based by Glorfindel, Brian Towers, GloriaVictis, Herb Wolfe, Don Sep 15 '17 at 20:50

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

  • comparison of apples and oranges... – Don Sep 15 '17 at 7:52
  • You won't get good odds for draws if most games are expected to be draws. That's how betting works. From this small margin you also have to pay two players. Hard to make a reasonable profit from that, I'd say. Unless you invest so much that your market share will stick out to any supervisor. – Annatar Sep 15 '17 at 8:31
1

The bookies don't tend to offer bets that have the possibility of a draw. For example, on bwin the bet relates to the outright winner of World Chess Championship 2018.

This means that 2 GMs can't collude to be 'joint' world champion and defraud the bookies.

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