From a08055aa2f141cf06373ba64867124f2b2afb313 Mon Sep 17 00:00:00 2001 From: bufordhaas7358 Date: Tue, 31 Dec 2024 04:00:53 +0000 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..0710c7d --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering industry seeks to safeguard itself
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16 September 2010
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By Bill Wilson
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Business press reporter, BBC News
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Betting on sport is big service.
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Sport England estimates the value of spending on sport-related [sports betting](https://wiki.whenparked.com/User:LuigiVeitch21) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is most likely to have grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study firm Sport & Markt estimates the overall worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:RamonWrixon34) gaming.
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But when the integrity of occasions are hit the gambling industry suffers, and incomes are put under hazard if clients can not wager with self-confidence.
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And there can have been few higher-profile sport wagering stories than those affecting cricket and snooker this year.
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High-profile
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As Sport & Markt's Gareth Moore observes: "Everyone discuss the [sports betting](https://mixup.wiki/index.php/User:WadeConnibere04) gambling market now.
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"Not just is it a considerable market in world organization, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations associating with a test against England at Lord's last month.
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Three of these players have stated they will likewise challenge the corruption charges installed versus the trio by the sport governing body the International Cricket Council.
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Meanwhile, three-times snooker world champ John Higgins was cleared of match-fixing claims, but was banned recently for six months for stopping working to report the unlawful method to him to toss frames.
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There are also two other continuing examinations - not related to Mr Higgins - into snooker.
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'Honest'
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David O'Reilly is legal counsel for Betfair, one of the UK's greatest online sporting exchanges.
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"If the sport is perceived as sincere, straight and fair that benefits [sports betting](https://app.galaxiesunion.com/read-blog/13263_sport-betting-industry-wants-to-protect-itself.html) companies because individuals will invest money wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK regulated [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:DouglasDuggan27) market ... it is not actually a favorable story for [sports betting](https://olps.co.za/wiki/User:ElwoodBurkholder) in the UK.
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"That is since the understanding is that 'cricket is now something we might need to be cautious about'."
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'Education'
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So what can be done to prevent future scandals?
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According to specialists at a World [sports betting](https://personal.spaces.one/read-blog/3113_for-sports-gambling-to-be-legalised.html) Law Report conference into [sports betting](https://namesdev.com/read-blog/15172_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html), the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the competitors or the referee."
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His organisation represents men and females in 15 [sports betting](https://meta.mactan.com.br/read-blog/23869_how-much-are-americans-investing-in-sports-betting.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He believes that it is insufficient to merely have deterrents, sanctions and disciplinary procedures, but that the way to tackle possible issues around players is also through education.
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Mr Taylor states rules need to be described clearly to gamers with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://squishmallowswiki.com/index.php/User:EdenViles17) you strengthen integrity which remains in everyone's interest," he adds.
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"If players are harder to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal advice at the Football Association, concurs.
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"Prevention is better than treatment, and we also make a point of informing players 'you are going to be caught'."
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"It is vital that sport is straight, and is seen to be straight," he adds.
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"If it loses that then individuals don't desire to bet, that is not in [sports betting](http://www.larsaluarna.se/index.php/User:JolieCheng4511) firms' interests, and it is not in our interests."
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He said that when a great track record was lost, the damage to a sport was "enormous".
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FA guidelines indicate gamers are not enabled to bet on a competitors in which they are involved.
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Mr Johnson says players need to be seen not to be cashing in on any inside understanding, which he says might cause "brand name damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational danger to the game," he says. "Once self-confidence has been damaged it is hard to get it back - mud sticks."
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legal'
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If this represents the "carrot" method, then maybe Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control business betting in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://sossnet.com/read-blog/20807_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) occurring through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly hinder the outcome of a sporting occasion.
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"Such unfaithful has the possible to weaken the stability of a sport, and it also harms the business interests of [sports betting](https://wow.twinear.com/read-blog/1001_how-are-betting-odds-calculated.html) bodies and [sports betting](https://embargo.energy/index.php/User:ShaniMileham33) wagering."
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The commission has actually established an internal [Sports Betting](https://social.mirrororg.com/read-blog/7698_how-fantasy-betting-app-development-companies-and-sports-developers.html) Intelligence Unit to receive and distribute information to sporting authorities, [sports betting](https://mixup.wiki/index.php/User:BetteUle62157377) firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://social.mirrororg.com/read-blog/7677_for-sports-gambling-to-be-legalised.html)," he states.
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"We will signal [sports betting](https://islider.ru/read-blog/37805_how-to-attract-users-to-my-fantasy-sports-platform.html) of our issues, to help prevent or cut [illegal] activity"
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In May 2010, the commission also presented a private telephone hotline for those with details or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has been just one criminal prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous investigations, and that much helpful info has likewise been passed to [sports betting](https://youtoosocialnetwork.com/read-blog/1272_the-ins-and-outs-of-betting-on-the-nfl-draft.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense effective, then the commission would consider discontinuing a criminal examination "in favour of letting [sports betting](https://younivix.com/read-blog/29934_start-winning-with-pcg-college-football-picks.html) governing bodies take the lead".
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Meanwhile, he says much of those aiming to cheat the [sports betting](https://iuridictum.pecina.cz/w/U%C5%BEivatel:RachelPate3166) wagering market were experienced about [sports betting](https://nexthub.live/read-blog/85_the-ins-and-outs-of-betting-on-the-nfl-draft.html) and sporting individuals, and about wagering operations and the movement of money.
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"They seek out the vulnerabilities of these to help in their business."
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Related web links
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World [sports betting](https://olps.co.za/wiki/User:ElwoodBurkholder) Law Report
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ICC
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Professional Players Federation
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Professional Footballers' Association
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The FA
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Betfair
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Sport & Markt
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BLP
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Gambling Commission
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