Football manager banned and fined after winning $8 bet

In Singapore, £3.93 ($8.29) could probably buy you a meal at McDonald's along with dessert.

For football manager Ronnie Moore, the same winnings from a bet on his team cost him his job.

At a hearing on Thursday, the former Tranmere Rovers boss was fined £2,000 and slapped with a one-month ban from football after he admitted to breaching FA rules by betting 95 times over three years.

Last month, the FA announced it was taking action. Moore, 61, was then sacked by the club, who were recently relegated to League Two, for the offending bets, which are believed to have been made with family members. 

Sky Sports reported that the £3.93 winnings came from a £1 double bet.

Updated betting rules

The FA rules, which have since been amended to ban footballers from betting on any competition in the world, state that participants are not allowed to bet on any competition they are playing in.

While the FA's stance on betting is right, it's hard not to sympathise with Moore, who made an overall loss of £235.87 from the bets in question.

Said Moore: "It's actually cost me my job and it's cost me £130,000 -- and then I get fined here as well." 

Source: Sky Sports