commit 59e3f074bfb5f88806c68804373856804fa64bfd Author: fernequiroz331 Date: Wed Dec 18 22:16:20 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..b276476 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport [sports betting](https://linkin.commoners.in/read-blog/25791_just-how-much-are-americans-spending-on-sports-betting.html) market aims to protect 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://genzkenya.co.ke/read-blog/89_online-betting-firms-gamble-on-soccer-mad-nigeria.html) on sport is huge service.
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Sport England approximates the value of costs on sport-related gaming 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 further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research firm Sport & Markt estimates the overall international [sports betting](https://lifefriendsurance.com/best-u-s-sports-betting-sites-sportsbooks-for-2024/) market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://taar.me/read-blog/8477_compare-amp-review-oddsjet-de.html) gaming.
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But when the stability of events are struck the gaming industry suffers, and earnings are put under danger if consumers can not wager with confidence.
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And there can have been couple of 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 & Moore observes: "Everyone discuss the [sports betting](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:KelliLoureiro) 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 police over spot-fixing claims relating to a test versus England at Lord's last month.
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Three of these gamers have 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 champion John Higgins was cleared of match-fixing claims, however was prohibited last week for 6 months for failing to report the unlawful technique to him to toss 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, among the UK's biggest online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is good for wagering companies because people will invest money wagering with self-confidence," he states.
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"If you take the Pakistan allegations, although unrelated to the UK regulated [sports betting](https://juventusfansclub.com/read-blog/4494_things-you-need-to-learn-about-rafting-adventures.html) industry ... it is not actually a favorable story for [sports betting](https://www.grandtribunal.org/wiki/User:SamualHanson56) in the UK.
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"That is since the understanding is that 'cricket is now something we might need to beware 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 professionals at a World [sports betting](https://parentingliteracy.com/wiki/index.php/User:LourdesGadsdon5) Law Report conference into [sports betting](https://cruzazulfansclub.com/read-blog/7792_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "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](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:FerneGoudie) 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 inadequate to merely have deterrents, sanctions and disciplinary treatments, however that the way to tackle possible concerns around gamers is likewise through education.
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Mr Taylor says guidelines require to be described clearly to players with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://bayer04leverkusenfansclub.com/read-blog/10406_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) wagering you strengthen integrity and that is 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 regulative legal suggestions at the Football Association, concurs.
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"Prevention is much better than cure, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is crucial that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals do not desire to bet, that is not in gambling firms' interests, and it is not in our interests."
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He stated that once an excellent credibility was lost, the damage to a sport was "enormous".
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FA rules suggest gamers are not allowed to bank on a competition in which they are included.
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Mr Johnson says gamers need to be seen not to be cashing in on any inside understanding, which he states could trigger "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 autumn can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to get over to players the reputational danger to the video game," he states. "Once self-confidence has actually been harmed 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 perhaps 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 [sports betting](https://chateando.net/read-blog/244_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://pipewiki.org/wiki/index.php/User:LashundaWortman), which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://twixxor.com/read-blog/8926_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting occasion.
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"Such cheating has the potential to undermine the stability of a sport, and it also hurts the industrial interests of [sports betting](https://app.theremoteinternship.com/read-blog/25795_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://sslaziofansclub.com/read-blog/22548_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering."
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The commission has established an in-house [Sports Betting](https://www.vancouverrowingclub.wiki/index.php/User:DorothyTomholt) Intelligence Unit to receive and share information to sporting authorities, [sports betting](https://ai.tienda/read-blog/7238_the-ins-and-outs-of-betting-on-the-nfl-draft.html) companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://forum.subchems.com/read-blog/3827_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) wagering," he says.
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"We will alert [sports betting](https://infosocial.top/read-blog/4019_things-you-need-to-learn-about-rafting-adventures.html) of our issues, to help avoid or curtail [prohibited] activity"
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In May 2010, the commission also introduced a private telephone hotline for those with info or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has been simply one criminal prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous investigations, and that much helpful information has likewise been passed to [sports betting](https://uptoscreen.com/read-blog/74172_just-how-much-are-americans-spending-on-sports-betting.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost reliable, then the commission would consider stopping a criminal investigation "in favour of letting [sports betting](https://wavedream.wiki/index.php/User:Bradford70O) governing bodies take the lead".
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Meanwhile, he says many of those seeking to cheat the [sports betting](https://projectblueberryserver.com/index.php/User:AlineMcNally) market were educated about [sports betting](https://atleticomadridfansclub.com/read-blog/12005_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) and sporting individuals, and about wagering operations and the movement of cash.
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"They look for out the vulnerabilities of these to assist in their enterprises."
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Related web links
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World [sports betting](https://chateando.net/read-blog/244_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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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The BBC is not responsible for the content of external websites.
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