commit df18a98a7c558ecbff7ade344ad92f68dde3f5f6 Author: bonnycharles1 Date: Wed Jan 29 14:53:29 2025 +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..89af4d6 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge business.
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Sport England approximates the worth 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 likely to have actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research firm Sport & Markt approximates the general worldwide betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://reckoningz.com/uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling-3/).
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But when the stability of occasions are hit the gambling market suffers, and revenues are put under risk if consumers can not bet with confidence.
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And there can have been few higher-profile sport betting 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 talks about the [sports betting](http://energymarine.net/?option=com_k2&view=itemlist&task=user&id=1562823) market now.
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"Not just is it a substantial market in world organization, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing allegations relating 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 mounted versus 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 allegations, but was banned last week for 6 months for failing to report the illegal approach to him to toss frames.
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There are also two other continuing investigations - not related 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 good for betting firms since individuals will invest money betting with self-confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK managed betting market ... it is not actually a favorable 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 might have 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 Law Report conference into sports betting, 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 repair a match are the competitors or the referee."
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His organisation represents males and ladies in 15 sports 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 not enough to merely have deterrents, sanctions and disciplinary procedures, however that the method to take on prospective problems around players is likewise through education.
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Mr Taylor states rules need to be described clearly to players with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](https://personal.spaces.one/read-blog/4051_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) you strengthen stability which remains in everybody's interest," he includes.
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"If players are harder to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulatory 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 caught'."
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"It is necessary that sport is directly, and is seen to be straight," he adds.
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"If it loses that then people do not wish to bet, that is not in gambling firms' interests, and it is not in our interests."
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He said that once a great credibility was lost, the damage to a sport was "enormous".
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FA guidelines imply players are not enabled to bank on a competitors in which they are involved.
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Mr Johnson states gamers have to be seen not to be capitalizing any inside knowledge, which he says could cause "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 autumn can not bet on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational danger to the game," he states. "Once self-confidence has actually 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 maybe 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 control commercial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://farmwoo.com/read-blog/17687_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) occurring through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
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"Such cheating has the potential to undermine the stability of a sport, and it likewise damages the business interests of sports bodies and sports wagering."
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The commission has developed an in-house Sports Betting Intelligence Unit to get and distribute info to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt sports wagering," he states.
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"We will notify sports of our issues, to assist avoid or curtail [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 criminal 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 eight continuous examinations, which much beneficial details has also been passed to sports authorities.
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He said that where an examination by a sport governing body was quicker, and more cost reliable, then the commission would consider discontinuing a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says numerous of those wanting to cheat the sports wagering industry were experienced about sports and sporting people, and about betting operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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