commit 9348f4e9a85253f45ef253018dead737c78e3210 Author: penelopemenzie Date: Mon Dec 30 16:37:52 2024 -0500 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..3824d5d --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering market aims 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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Betting on sport is huge organization.
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Sport England approximates the worth of spending on sport-related gaming in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is likely to have actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research firm Sport & Markt approximates the total international gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://it-viking.ch/index.php/User:Rhea4904764019) gambling.
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But when the stability of occasions are hit the betting industry suffers, and profits are put under threat if customers can not wager with self-confidence.
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And there can have been few higher-profile sport [sports betting](https://www.tobeop.com/warner-bros-discovery-sets-stage-for-potential-cable-deal-by/) 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 speak about the [sports betting](https://www.amedaychats.com/read-blog/780_sport-betting-industry-looks-to-protect-itself.html) gambling market now.
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"Not just 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 cops over spot-fixing claims associating with 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 versus 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 allegations, however was banned last week for six months for failing to report the illegal technique to him to toss frames.
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There are also 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 greatest online sporting exchanges.
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"If the sport is perceived as honest, straight and reasonable that is good for wagering firms due to the fact that people will invest cash [sports betting](https://king-wifi.win/wiki/User:CaitlynX72) with confidence," he states.
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"If you take the Pakistan accusations, although unrelated to the UK regulated betting market ... it is not truly a positive story for betting in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we may need to take care 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 experts at a World [sports betting](https://sabiile.com/read-blog/2106_how-are-betting-odds-calculated.html) Law Report conference into [sports betting](https://social.vetmil.com.br/read-blog/15121_how-to-play-bet9ja-online.html) 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 fix a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://krazzykross.com/read-blog/1501_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) 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 adequate to simply have deterrents, sanctions and disciplinary procedures, however that the method to tackle possible issues around gamers is also through education.
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Mr Taylor says rules require to be discussed plainly to gamers with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](http://lifethelife.com/read-blog/4678_how-much-are-americans-spending-on-sports-betting.html) wagering you reinforce stability which remains in everyone's interest," he adds.
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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 regulatory legal guidance at the Football Association, agrees.
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"Prevention is much better than cure, and we also make a point of telling players 'you are going to be caught'."
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"It is vital 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 [sports betting](https://uptoscreen.com/read-blog/74178_for-sports-gambling-to-be-legalised.html) companies' interests, and it is not in our interests."
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He stated that when an excellent reputation was lost, the damage to a sport was "incalculable".
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FA guidelines indicate players are not enabled to bank on a competitors in which they are .
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Mr Johnson states gamers need to be seen not to be capitalizing any inside understanding, which he states could cause "brand 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 bank on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to gamers the reputational threat to the video game," he states. "Once self-confidence has been harmed it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then perhaps 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 control commercial betting 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 majority of [sports betting](https://farmwoo.com/read-blog/9556_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) taking location through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it also damages the commercial interests of [sports betting](https://realhindu.in/read-blog/21207_just-how-much-are-americans-investing-in-sports-betting.html) bodies and [sports betting](https://youslade.com/read-blog/41354_things-you-need-to-learn-about-rafting-adventures.html) wagering."
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The commission has established an internal [Sports Betting](https://demo.wowonderstudio.com/read-blog/2615_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) Intelligence Unit to receive and disseminate details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:BlytheBir0323) wagering," he states.
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"We will notify [sports betting](https://noaisocial.pro/read-blog/2376_how-are-betting-odds-calculated.html) of our issues, to assist avoid or curtail [illegal] activity"
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In May 2010, the commission also introduced a personal 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 duration there has actually been just one criminal prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous examinations, and that much beneficial info has actually likewise been passed to [sports betting](https://richonline.club/read-blog/3571_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense effective, then the commission would consider stopping a criminal examination "in favour of letting [sports betting](https://miderde.de/index.php?title=Benutzer:Junior83E61) governing bodies take the lead".
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Meanwhile, he states a number of those looking to cheat the [sports betting](http://milkywaystars.site/read-blog/2999_how-much-are-americans-spending-on-sports-betting.html) wagering market were knowledgeable about [sports betting](https://youfurry.com/read-blog/37829_the-history-of-the-nfl-and-how-to-bet-on-it.html) and sporting people, and about [sports betting](https://oolibuzz.com/read-blog/41661_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) operations and the movement of cash.
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"They seek out the vulnerabilities of these to help in their enterprises."
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Related internet links
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World [sports betting](https://www.heesah.com/read-blog/2212_the-ins-and-outs-of-betting-on-the-nfl-draft.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 accountable for the material of external websites.
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