From 724e17c44131e8dbb59d71e270cbbeb99035d9da Mon Sep 17 00:00:00 2001 From: dmljulissa6267 Date: Tue, 17 Dec 2024 23:04:41 +0100 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..43fa7f1 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market wants to protect itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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Betting on sport is substantial service.
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approximates the worth of spending on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is most likely to have grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study company Sport & Markt approximates the overall international gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://chateando.net/read-blog/226_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) gaming.
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But when the stability of events are hit the gaming industry suffers, and incomes are put under threat if customers can not wager with self-confidence.
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And there can have been couple of higher-profile sport betting 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 talks about the [sports betting](https://infinirealm.com/read-blog/8236_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) market now.
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"Not just is it a considerable market in world company, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually 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 players have actually said 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 claims, however was banned last week for six months for stopping working to report the prohibited method to him to throw frames.
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There are likewise 2 other continuing investigations - unrelated 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 biggest online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that benefits [sports betting](https://islider.ru/read-blog/36670_how-to-play-bet9ja-online.html) companies due to the fact that individuals will spend money wagering with confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK regulated [sports betting](http://hanbitoffice.com/whole/3942088) industry ... it is not really a positive story for wagering in the UK.
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"That is because the perception is that 'cricket is now something we may have to take care about'."
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'Education'
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So what can be done to avoid future scandals?
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According to experts at a World [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:RafaelaOlden072) Law Report conference into [sports betting](https://fishtanklive.wiki/User:EpifaniaBettis) gambling, the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can repair a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](http://kitsap.whigdev.com/read-blog/3104_online-betting-firms-gamble-on-soccer-mad-nigeria.html) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He thinks that it is not sufficient to merely have deterrents, sanctions and disciplinary procedures, but that the way to deal with potential issues around players is likewise through education.
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Mr Taylor states guidelines need to be discussed plainly to players with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://taar.me/read-blog/8430_how-much-are-americans-investing-in-sports-betting.html) you enhance integrity which is in everybody's interest," he includes.
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"If gamers are harder to corrupt then sport will be more difficult to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal suggestions at the Football Association, agrees.
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"Prevention is better than cure, and we also make a point of informing players 'you are going to be captured'."
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"It is crucial that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals do not desire to wager, that is not in [sports betting](https://infinirealm.com/read-blog/8224_just-how-much-are-americans-spending-on-sports-betting.html) companies' interests, and it is not in our interests."
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He said that when a good reputation was lost, the damage to a sport was "enormous".
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FA rules indicate gamers are not allowed to bet on a competitors in which they are included.
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Mr Johnson says gamers have actually to be seen not to be cashing in on any inside knowledge, which he says might trigger "brand damage" to football and its competitions.
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So, even a 2nd Division gamer knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to gamers the reputational danger to the game," he says. "Once self-confidence has actually been damaged 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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control industrial gambling 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 frustrating bulk of [sports betting](https://www.eruptz.com/read-blog/17285_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering taking location through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting event.
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"Such unfaithful has the potential to weaken the stability of a sport, and it also damages the industrial interests of [sports betting](https://uptoscreen.com/read-blog/74178_for-sports-gambling-to-be-legalised.html) bodies and [sports betting](http://www.seferpanim.com/read-blog/375_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering."
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The commission has developed an internal [Sports Betting](https://naijamatta.com/read-blog/34759_how-to-play-bet9ja-online.html) Intelligence Unit to get and share info to sporting authorities, [sports betting](http://it-viking.ch/index.php/User:BTEAshleigh) companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://blablasell.com/read-blog/11941_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) wagering," he states.
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"We will signal [sports betting](https://blablasell.com/read-blog/11966_things-you-need-to-learn-about-rafting-adventures.html) of our issues, to help prevent or curtail [unlawful] activity"
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In May 2010, the commission also presented a private 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 period there has actually been simply one criminal prosecution, a 24-year-old guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous investigations, and that much useful details has also been passed to [sports betting](https://chateando.net/read-blog/219_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense reliable, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://truthbook.social/read-blog/8275_how-to-play-bet9ja-online.html) governing bodies take the lead".
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Meanwhile, he says a number of those aiming to cheat the [sports betting](https://famenest.com/read-blog/56166_for-sports-gambling-to-be-legalised.html) industry were well-informed about [sports betting](http://www.asystechnik.com/index.php/Benutzer:KrisV1436617) and sporting people, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:ShellyPamphlett) 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
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