commit 5206f76411cfa8165d46546edf85dcbf79e7d254 Author: Theodore Cardenas Date: Thu Dec 26 04:32:41 2024 +0000 Add Sport Betting Industry Aims To Protect Itself diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..2942124 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport betting market looks 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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[sports betting](https://www.sportfansunite.com/read-blog/234_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) on sport is huge organization.
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Sport England estimates the worth of spending on sport-related [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:SuzanneM85) 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 actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt approximates the overall global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://social.stssconstruction.com/read-blog/21205_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html).
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But when the stability of events are struck the gambling industry suffers, and revenues are put under danger if clients can not wager with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://wow.t-mobility.co.il/read-blog/16_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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 speak about the [sports betting](https://www.musical-kirche.de/read-blog/41680_enhance-your-business-opportunities-with-efficient-sports-apps.html) gambling market now.
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"Not just is it a significant market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing claims associating with a test against England at Lord's last month.
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Three of these gamers have actually stated they will likewise 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 champ John Higgins was cleared of match-fixing claims, however was banned last week for 6 months for stopping working to report the prohibited approach to him to throw frames.
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There are likewise two other continuing examinations - 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 perceived as truthful, straight and reasonable that is excellent for wagering companies due to the fact that people will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK managed wagering market ... 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 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 professionals at a World [sports betting](https://fishtanklive.wiki/User:NannieDurr) Law Report conference into [sports betting](https://forum.subchems.com/read-blog/3816_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html), the focus needs to be on sportspersons 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 females in 15 [sports betting](https://wiki.vifm.info/index.php/User:CooperMcLaren0) 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 not sufficient to simply have deterrents, sanctions and disciplinary procedures, but that the way to deal with potential concerns around players is also through education.
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Mr Taylor states guidelines need to be described plainly to players with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://learn.ivlc.com/read-blog/69_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) you strengthen stability which remains in everybody's interest," he includes.
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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 guidance at the Football Association, agrees.
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"Prevention is much better than treatment, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is important that sport is directly, and is seen to be directly," he includes.
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"If it loses that then people do not wish to wager, that is not in [sports betting](https://wow.t-mobility.co.il/read-blog/29_online-betting-firms-gamble-on-soccer-mad-nigeria.html) firms' interests, and it is not in our interests."
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He stated that once an excellent reputation was lost, the damage to a sport was "incalculable".
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FA rules mean players are not allowed to wager on a competitors in which they are included.
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Mr Johnson says gamers have actually to be seen not to be capitalizing any inside knowledge, which he states might cause "brand name damage" to football and its competitions.
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So, even a 2nd Division player out of the FA Cup in the autumn 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 threat to the game," he states. "Once confidence has been damaged it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, 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 regulate commercial [sports betting](https://sansaadhan.ipistisdemo.com/read-blog/20672_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://chessdatabase.science/wiki/User:LucileD47568) wagering happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such cheating has the possible to undermine the stability of a sport, and it likewise hurts the business interests of [sports betting](https://ishare.igrowtech.biz/read-blog/5345_online-betting-firms-gamble-on-soccer-mad-nigeria.html) bodies and [sports betting](https://sundaycareers.com/read-blog/2644_the-history-of-the-nfl-and-how-to-bet-on-it.html) wagering."
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The commission has established an internal [Sports Betting](https://bexopro.com/read-blog/2570_how-much-are-americans-spending-on-sports-betting.html) Intelligence Unit to get and share information to sporting authorities, [sports betting](https://krazzykross.com/read-blog/1492_start-winning-with-pcg-college-football-picks.html) companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://writerunblocks.com/read-blog/9039_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering," he states.
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"We will notify [sports betting](https://foke.chat/read-blog/88_missouri-sports-betting-ballot-measure-approved-by-voters.html) of our issues, to assist avoid or cut [prohibited] 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 just one criminal prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous examinations, and that much beneficial info has actually also been passed to [sports betting](https://wiki.whenparked.com/User:MaxieLapham00) authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would consider discontinuing a criminal investigation "in favour of letting [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:Karma97097504477) governing bodies take the lead".
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Meanwhile, he states much of those seeking to cheat the [sports betting](https://mysazle.com/read-blog/6500_how-much-are-americans-investing-in-sports-betting.html) wagering industry were experienced about [sports betting](https://foke.chat/read-blog/80_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) and sporting people, and about wagering operations and the movement of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://app.theremoteinternship.com/read-blog/25787_online-betting-firms-gamble-on-soccer-mad-nigeria.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
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