commit 6168c18b3717d604d847ffbbab7143fa542af71c Author: antoniodaulton Date: Thu Jan 2 02:29:28 2025 +0000 Add Sport Betting Industry Looks To Protect Itself diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..919101a --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering industry 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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[sports betting](http://yijichain.com/read-blog/15175_how-to-attract-users-to-my-fantasy-sports-platform.html) on sport is big business.
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Sport England estimates the value 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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Which figure is likely to have grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study firm Sport & Markt estimates the general worldwide betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:EllisThrelkeld) gambling.
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But when the stability of events are struck the [sports betting](http://www.engel-und-waisen.de/index.php/Benutzer:MckenzieWager9) market suffers, and earnings are put under danger if clients can not wager with self-confidence.
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And there can have been few 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 & Markt's Gareth Moore observes: "Everyone discuss the [sports betting](https://inicknet.com/read-blog/2259_online-betting-firms-gamble-on-soccer-mad-nigeria.html) gambling market now.
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"Not just is it a significant market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by cops 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 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 accusations, however was prohibited last week for six months for failing to report the prohibited method to him to toss frames.
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There are also 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 most significant online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that is excellent for wagering companies since people will spend cash wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK controlled wagering market ... it is not really a favorable story for [sports betting](https://ishare.igrowtech.biz/read-blog/5342_how-much-are-americans-spending-on-sports-betting.html) in the UK.
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"That is since the understanding is that 'cricket is now something we might need to be cautious 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://globalabout.com/read-blog/16954_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://wiki.fablabbcn.org/User:TeganKrieger9) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "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://gazanour.com/read-blog/7871_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) 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 procedures, however that the way to tackle possible problems around players is likewise through education.
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Mr Taylor says guidelines need to be described clearly to players with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://energypowerworld.co.uk/read-blog/144886_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) you enhance stability and that is in everybody's interest," he includes.
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"If gamers 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 guidance at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of informing gamers 'you are going to be captured'."
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"It is vital that sport is straight, 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://app.deepsoul.es/read-blog/405_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) companies' interests, and it is not in our interests."
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He said that once a good credibility was lost, the damage to a sport was "enormous".
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FA rules imply gamers are not allowed to bet on a competitors in which they are included.
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Mr Johnson states players have actually to be seen not to be capitalizing any inside understanding, which he states might trigger "brand damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational threat to the game," he says. "Once confidence has actually been harmed it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, 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://surgiteams.com/index.php/User:DarioThorne47) in Great Britain.
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An of West Midlands cops, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://wiki.tld-wars.space/index.php/Utilisateur:DeclanBoettcher) taking place through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it also harms the commercial interests of [sports betting](https://rca.co.id/read-blog/505_why-every-cricket-fan-must-try-the-all-cricket-id-gaming-platform.html) bodies and [sports betting](https://lovn1world.com/read-blog/2332_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html)."
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The commission has actually developed an internal [Sports Betting](https://dev.fleeped.com/read-blog/55_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) Intelligence Unit to get and share details to sporting authorities, [sports betting](https://nbc.co.uk/read-blog/181_how-to-attract-users-to-my-fantasy-sports-platform.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://wooshbit.com/read-blog/18740_for-sports-gambling-to-be-legalised.html) wagering," he says.
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"We will alert [sports betting](https://nuo18.lt/read-blog/68705_things-you-need-to-understand-about-rafting-adventures.html) of our issues, to assist avoid or curtail [unlawful] activity"
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In May 2010, the commission likewise introduced a confidential 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 duration there has been just one prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, and that much helpful info has also been passed to [sports betting](https://oeclub.org/index.php/User:GingerU959) 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 investigation "in favour of letting [sports betting](https://projectblueberryserver.com/index.php/User:KarmaWekey) governing bodies take the lead".
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Meanwhile, he states a lot of those aiming to cheat the [sports betting](https://aceme.ink/read-blog/1652_start-winning-with-pcg-college-football-picks.html) market were well-informed about [sports betting](https://energypowerworld.co.uk/read-blog/144383_the-ins-and-outs-of-betting-on-the-nfl-draft.html) and sporting individuals, and about [sports betting](https://thefreedommovement.ca/read-blog/19381_how-much-are-americans-spending-on-sports-betting.html) operations and the movement of money.
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"They look for the vulnerabilities of these to assist in their enterprises."
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Related internet links
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World [sports betting](http://www.seferpanim.com/read-blog/378_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.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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