Legalized Gambling Will Clean Up Sports - Bloomberg

A dramatic headline, "Woolmer's Murder Shows India Must Allow Betting" for a unique idea:

India, however, should allow professional bookmakers to price sporting outcomes.

Until that improvement takes place, mobsters will keep collecting bets through illegal bookies from Mumbai to Kolkata. And they will keep running the business according to their core competence, which is to try to control some results by bribing or intimidating players.
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As long as a big chunk of this money is being collected by shadowy, crime networks, there's a powerful incentive for them to rig matches and perhaps even commit murder.

The idea should be to encourage legitimate bookmakers and get the Securities and Exchange Board of India to regulate them.

Once the underworld loses its monopoly power, its henchmen would stop hanging around competition venues looking for players to manipulate. The taxes collected from legitimate gambling could be spent on nurturing new sporting talent.