commit 51d12e31b57750a7ef26bb3fecdbeca6a9dcd95f Author: trenaflanery26 Date: Thu Jan 2 10:03:27 2025 +0000 Add Sport Betting Industry Wants To Protect Itself 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..d5756c6 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering industry wants 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://africasfaces.com/read-blog/5925_online-betting-firms-gamble-on-soccer-mad-nigeria.html) on sport is substantial organization.
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Sport England approximates the worth of spending on sport-related [sports betting](https://devnew.judefly.com/index.php?link1=read-blog&id=3241_for-sports-gambling-to-be-legalised.html) 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.
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Meanwhile, German research study firm Sport & Markt estimates the overall global gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://cheere.org/read-blog/36276_online-betting-firms-gamble-on-soccer-mad-nigeria.html).
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But when the integrity of events are hit the gaming industry suffers, and revenues are put under danger if clients can not bet with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://heatwave.app/read-blog/395_begin-winning-with-pcg-college-football-picks.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://jamesrodriguezclub.com/read-blog/6207_how-are-betting-odds-calculated.html) market now.
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"Not only is it a substantial 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 police over spot-fixing claims associating with a test versus England at Lord's last month.
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Three of these players 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, however was banned recently for six months for failing to report the prohibited method to him to toss frames.
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There are also 2 other continuing examinations - not associated 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 greatest online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that is good for [sports betting](https://aceme.ink/read-blog/1880_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) firms due to the fact that people will spend money [sports betting](https://cheere.org/read-blog/36267_why-every-cricket-fan-should-try-the-all-cricket-id-gaming-platform.html) with self-confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK managed wagering industry ... it is not actually a positive 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 mindful 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://cozwo.com/read-blog/8819_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://social.midnightdreamsreborns.com/read-blog/13389_how-to-attract-users-to-my-fantasy-sports-platform.html) gambling, the focus has 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](https://whoosmind.com/read-blog/33887_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) in the UK, being an umbrella organisation for all gamer 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, but that the way to deal with prospective issues around players is likewise through education.
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Mr Taylor says rules need to be described clearly to players with clear examples, and by [individuals](https://palkwall.com/read-blog/27697_things-you-need-to-know-about-rafting-adventures.html) they appreciate.
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"Through informing gamers about [sports betting](https://www.proathletediscuss.com/read-blog/434_how-to-attract-users-to-my-fantasy-sports-platform.html) wagering you strengthen stability and that remains 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 recommendations at the Football Association, concurs.
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"Prevention is better than treatment, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is imperative that sport is straight, and is seen to be straight," he includes.
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"If it loses that then people do not desire to wager, that is not in gaming companies' interests, and it is not in our interests."
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He said that when an excellent reputation was lost, the damage to a sport was "incalculable".
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FA rules suggest gamers are not enabled to wager on a competition in which they are involved.
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Mr Johnson says gamers need to be seen not to be capitalizing any inside knowledge, which he says might 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 fall can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to gamers the reputational risk to the video game," he says. "Once 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" method, 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 gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation 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://islider.ru/read-blog/37240_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering taking location through UK operators is legal and fair," he says.
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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 unfaithful has the prospective to weaken the stability of a sport, and it likewise damages the industrial interests of [sports betting](https://sportstalkhub.com/read-blog/21390_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) bodies and [sports betting](https://planetdump.com/read-blog/79_things-you-need-to-know-about-rafting-adventures.html) wagering."
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The commission has established an in-house [Sports Betting](https://www.social.united-tuesday.org/read-blog/19469_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Intelligence Unit to receive and disseminate info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://www.social.united-tuesday.org/read-blog/19493_sport-betting-industry-seeks-to-protect-itself.html) wagering," he states.
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"We will notify [sports betting](http://social.redemaxxi.com.br/read-blog/1660_sport-betting-industry-aims-to-protect-itself.html) of our concerns, to help prevent or reduce [unlawful] activity"
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In May 2010, the commission likewise introduced a personal 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 duration there has actually been simply one prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, which much useful info has actually likewise been passed to [sports betting](https://jimsusefultools.com/index.php/User:Cara98T454704813) 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 think about ceasing a criminal investigation "in favour of letting [sports betting](https://nexthub.live/read-blog/92_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) governing bodies take the lead".
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Meanwhile, he states much of those looking to cheat the [sports betting](https://dev.fleeped.com/read-blog/54_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering industry were educated about [sports betting](https://southwales.com/read-blog/340_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) and sporting people, and about [sports betting](https://youslade.com/read-blog/41508_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) operations and the motion 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](http://wiki-tb-service.com/index.php?title=Benutzer:GuyEspinoza6) 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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