What you are all missing is that you can "lay" a bet. You can bet on something not happening.

Let's say Haye bet £100k on Audley NOT being KO'd in the first or second rounds. Haye then throws no punches for those rounds and guarantees his money. Even if Audley KO'd Haye, he would still win.

That's no different than spot fixing in cricket in my eyes.

Betting to win you could get away with, but with the amount of markets in today's betting, it's too easy to manipulate a match.