From 63afa17d78117eccd4d1a2b0b18b8c67e97ad4a6 Mon Sep 17 00:00:00 2001 From: Adelaide Edmond Date: Sat, 4 Jan 2025 16:25:18 +0100 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 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..100ceb2 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport betting market aims to secure 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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[sports betting](https://krazzykross.com/read-blog/1509_how-much-are-americans-spending-on-sports-betting.html) on sport is big company.
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Sport England approximates the value of costs on sport-related betting 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 actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt estimates the general worldwide betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://chateando.net/read-blog/220_the-history-of-the-nfl-and-how-to-bet-on-it.html).
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But when the integrity of events are struck the gaming industry suffers, and revenues are put under threat if customers can not wager with self-confidence.
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And there can have been few higher-profile sport [sports betting](https://loveyou.az/read-blog/17320_things-you-need-to-understand-about-rafting-adventures.html) 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://hyped4gamers.com/read-blog/2413_just-how-much-are-americans-investing-in-sports-betting.html) gambling market now.
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"Not just is it a substantial market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing accusations relating to a test versus England at Lord's last month.
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Three of these gamers have stated they will also challenge the corruption charges installed against the trio by the sport governing body the International Cricket Council.
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Meanwhile, three-times snooker world champion John Higgins was cleared of match-fixing accusations, but was banned last week for 6 months for failing to report the illegal method to him to throw frames.
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There are likewise 2 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, among the UK's most significant online sporting exchanges.
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"If the sport is perceived as honest, straight and reasonable that benefits betting companies due to the fact that individuals will spend money wagering with self-confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK controlled wagering industry ... it is not actually a favorable story for wagering in the UK.
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"That is since the understanding is that 'cricket is now something we might need to be careful 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 experts at a World [sports betting](https://olps.co.za/wiki/User:EltonVillagomez) Law Report conference into [sports betting](https://www.hb9lc.org/wiki/index.php/User:FaustinoBennet8), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can fix a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://terra.planetv.wtf/read-blog/728_.html) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He believes that it is insufficient to simply have deterrents, sanctions and disciplinary treatments, but that the method to deal with prospective issues around gamers is likewise through education.
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Mr Taylor states guidelines require to be discussed clearly to with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://www.jaitun.com/read-blog/15248_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering you strengthen stability which is in everyone's interest," he adds.
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"If players are more difficult to corrupt then sport will be more difficult to corrupt."
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'Brand damage'
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Matt Johnson, head of regulatory legal advice at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of informing gamers 'you are going to be captured'."
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"It is important that sport is straight, and is seen to be directly," he includes.
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"If it loses that then people do not want to wager, that is not in betting firms' interests, and it is not in our interests."
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He said that as soon as an excellent track record was lost, the damage to a sport was "enormous".
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FA rules mean gamers are not allowed to bet on a competition in which they are included.
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Mr Johnson says players need to be seen not to be cashing in on any inside knowledge, which he says could trigger "brand damage" to football and its competitors.
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So, even a 2nd Division player knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational threat to the video game," he states. "Once self-confidence has been harmed it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then possibly Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage commercial gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://bestchristian.com/read-blog/3014_just-how-much-are-americans-spending-on-sports-betting.html) wagering happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting occasion.
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"Such unfaithful has the prospective to weaken the stability of a sport, and it also hurts the business interests of [sports betting](https://thefreedommovement.ca/read-blog/19381_how-much-are-americans-spending-on-sports-betting.html) bodies and [sports betting](https://wiki.armello.com/index.php/User:GrettaMolnar)."
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The commission has established an in-house [Sports Betting](https://social.vetmil.com.br/read-blog/15509_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Intelligence Unit to get and disseminate details to sporting authorities, [sports betting](https://travel-friends.net/read-blog/1218_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://thatswhathappened.wiki/index.php/User:Pedro2932709620) wagering," he states.
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"We will signal [sports betting](https://soucial.net/read-blog/7625_compare-amp-review-oddsjet-de.html) of our issues, to assist prevent or reduce [prohibited] activity"
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In May 2010, the commission likewise introduced a confidential telephone hotline for those with information or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year duration there has actually been simply one criminal prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing investigations, and that much beneficial details has also been passed to [sports betting](https://18plus.fun/read-blog/46_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would consider stopping a criminal investigation "in favour of letting [sports betting](http://lifethelife.com/read-blog/4917_how-fantasy-betting-app-development-companies-and-sports-developers.html) governing bodies take the lead".
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Meanwhile, he says much of those wanting to cheat the [sports betting](https://peekz.eu/read-blog/231_the-ins-and-outs-of-betting-on-the-nfl-draft.html) industry were well-informed about [sports betting](https://wooshbit.com/read-blog/18761_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) and sporting people, and about [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:Jackson6145) operations and the motion of money.
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"They look for the vulnerabilities of these to help in their business."
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Related web links
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World [sports betting](https://namesdev.com/read-blog/15232_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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
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Gambling Commission
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) \ No newline at end of file