From 54dd8902938c432f70a25b238fc80217be3ae3d7 Mon Sep 17 00:00:00 2001 From: cindilaroche60 Date: Fri, 31 Jan 2025 07:50:48 +0000 Subject: [PATCH] Add 'Sport Betting Industry Looks To Protect Itself' --- ...etting-Industry-Looks-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md 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..ad31a68 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Betting on sport is huge company.
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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 most likely to have grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research company Sport & Markt approximates the overall global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports gaming.
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But when the integrity of occasions are struck the gambling industry suffers, and profits are put under risk if clients can not wager with confidence.
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And there can have been couple of higher-profile sport betting 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 talks about the [sports betting](https://farmwoo.com/read-blog/17687_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market now.
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"Not just is it a considerable market in world business, 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 accusations associating with a test versus England at Lord's last month.
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Three of these players have actually 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 accusations, however was prohibited last week for six months for failing to report the unlawful method to him to toss frames.
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There are likewise two 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 most significant online sporting exchanges.
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"If the sport is viewed as honest, straight and fair that is excellent for wagering companies since individuals will spend money betting with confidence," he states.
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"If you take the Pakistan accusations, although unrelated to the UK managed wagering industry ... it is not really a positive story for wagering in the UK.
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"That is because 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 avoid future scandals?
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According to professionals at a World Sports Law Report conference into sports betting, the focus has 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 repair a match are the competitors or the referee."
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His organisation represents males and females 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 believes that it is not adequate to merely have deterrents, sanctions and disciplinary procedures, however that the way to tackle potential concerns around players is likewise through education.
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Mr Taylor states rules need to be discussed plainly to gamers with clear examples, and by individuals they respect.
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"Through educating players about [sports betting](https://newtew.com/read-blog/1018_sport-betting-industry-aims-to-protect-itself.html) you enhance integrity and that remains in everybody's interest," he adds.
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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 regulatory legal advice at the Football Association, agrees.
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"Prevention is much better than cure, and we likewise make a point of telling players 'you are going to be captured'."
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"It is necessary that sport is straight, and is seen to be straight," he adds.
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"If it loses that then people do not wish to wager, that is not in gambling firms' interests, and it is not in our interests."
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He said that once an excellent track record was lost, the damage to a sport was "incalculable".
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FA guidelines imply players are not permitted to bank on a competition in which they are involved.
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Mr Johnson states gamers need to be seen not to be capitalizing any inside understanding, which he says could cause "brand name 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 risk 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 maybe 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 commercial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all betting 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://www.haccp1.com/bbs/board.php?bo_table=free&wr_id=820496) taking location through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting occasion.
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"Such cheating has the possible to weaken the integrity of a sport, and it also harms the industrial interests of sports bodies and sports wagering."
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The commission has developed an internal Sports Betting Intelligence Unit to get and distribute details to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt sports betting," he states.
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"We will signal sports of our concerns, to help prevent or cut [prohibited] activity"
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In May 2010, the commission also presented a private 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 simply one prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous examinations, which much beneficial info has likewise been passed to sports authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost effective, then the commission would think about stopping a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he states many of those aiming to cheat the sports wagering market were knowledgeable about sports and sporting people, and about wagering operations and the motion of cash.
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"They look for the vulnerabilities of these to assist in their ."
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