commit 6ab28a343d7b528a5eaa635395287e46c716ef9f Author: deneenloper01 Date: Wed Dec 18 15:18:24 2024 +0000 Add Sport Betting Industry Seeks To Protect Itself diff --git a/Sport-Betting-Industry-Seeks-To-Protect-Itself.md b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md new file mode 100644 index 0000000..8697b3f --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market seeks to safeguard 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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[sports betting](https://chelseafansclub.com/read-blog/13182_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) on sport is big company.
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Sport England approximates the value of costs on sport-related gaming in grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is likely to have 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 study company Sport & Markt approximates the general worldwide [sports betting](https://blkbook.blactive.com/read-blog/2311_the-ins-and-outs-of-betting-on-the-nfl-draft.html) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://messengerkivu.com/read-blog/2357_how-fantasy-betting-app-development-companies-and-sports-developers.html).
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But when the integrity of events are struck the betting industry suffers, and earnings are put under hazard if consumers can not bet with confidence.
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And there can have been few higher-profile sport wagering stories than those impacting 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://app.theremoteinternship.com/read-blog/25812_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) gambling market now.
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"Not just is it a considerable market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing claims connecting 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 mounted 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 accusations, however was prohibited recently for 6 months for failing to report the illegal method to him to toss frames.
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There are also two 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, among the UK's biggest online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that is excellent for [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:SherrillCanady) companies due to the fact that individuals will spend cash betting with confidence," he states.
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"If you take the Pakistan allegations, although unrelated to the UK regulated betting industry ... it is not actually a positive story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we may need to be cautious 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 specialists at a World [sports betting](https://a2zstreamsnow.com/read-blog/2578_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Law Report conference into [sports betting](https://genzkenya.co.ke/read-blog/92_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can fix a match are the competitors or the referee."
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His organisation represents males and women in 15 [sports betting](http://www.engel-und-waisen.de/index.php/Benutzer:AudreaLatimer21) 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 inadequate to merely have deterrents, sanctions and disciplinary procedures, however that the way to deal with potential concerns around gamers is also through education.
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Mr Taylor states guidelines need to be described plainly to players with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](https://tagshag.com/read-blog/6749_how-to-play-bet9ja-online.html) you reinforce stability and that is in everyone's interest," he includes.
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"If gamers are more difficult to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulatory legal guidance at the Football Association, concurs.
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"Prevention is much better than remedy, and we also make a point of telling gamers 'you are going to be captured'."
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"It is crucial that sport is straight, and is seen to be straight," he adds.
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"If it loses that then individuals don't want to bet, that is not in gambling companies' interests, and it is not in our interests."
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He stated that when a great credibility was lost, the damage to a sport was "enormous".
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FA guidelines imply players are not enabled to bank on a competitors in which they are included.
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Mr Johnson states players need to be seen not to be cashing in on any inside knowledge, which he says might cause "brand name damage" to football and its competitors.
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So, even a Second Division gamer knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to players the reputational risk to the game," he says. "Once self-confidence has 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 policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to control commercial gambling in Great Britain.
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An ex-chief constable of West Midlands police, 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://wiki.rrtn.org/wiki/index.php/User:Jannie9307) wagering happening through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly hinder the outcome of a sporting event.
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"Such cheating has the possible to weaken the integrity of a sport, and it also damages the industrial interests of [sports betting](https://kiigasofthub.com/read-blog/10093_for-sports-gambling-to-be-legalised.html) bodies and [sports betting](https://drapia.org/11-WIKI/index.php/User:MarlaMajors6415)."
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The commission has established an in-house [Sports Betting](https://wiki.rrtn.org/wiki/index.php/User:IleneHague5) Intelligence Unit to receive and distribute info to sporting authorities, [sports betting](https://wooshbit.com/read-blog/18776_for-sports-gambling-to-be-legalised.html) companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:OdellReymond648)," he says.
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"We will signal [sports betting](https://mxlinkin.mimeld.com/read-blog/696_sport-betting-industry-wants-to-protect-itself.html) of our concerns, to assist avoid or cut [prohibited] activity"
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In May 2010, the commission also presented a confidential 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 actually been simply one criminal prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, and that much useful information has likewise been passed to [sports betting](https://wiki.armello.com/index.php/User:VioletteOber) authorities.
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He stated that where an examination 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](https://lifefriendsurance.com/uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling-2/) governing bodies take the lead".
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Meanwhile, he states numerous of those wanting to cheat the [sports betting](https://si-sudagro.net/cdc-hiruak/index.php?qa=152940&qa_1=the-ins-and-outs-of-betting-on-the-nfl-draft) wagering market were well-informed about [sports betting](https://wooshbit.com/read-blog/18719_how-fantasy-betting-app-development-companies-and-sports-developers.html) and sporting individuals, and about betting operations and the movement of cash.
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"They look for the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://wiki.streampy.at/index.php?title=User:AdalbertoHenry) Law Report
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ICC
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
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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