From b990f9c10df92ea5db7fe04d39f2fedc360289ef Mon Sep 17 00:00:00 2001 From: maryannecardon Date: Wed, 18 Dec 2024 10:46:06 +0100 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Seeks-To-Protect-Itself.md 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..3b1dc13 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](https://cheere.org/read-blog/36230_how-fantasy-betting-app-development-companies-and-sports-developers.html) 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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[sports betting](https://innovator24.com/read-blog/22549_how-are-betting-odds-calculated.html) on sport is huge business.
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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 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 study company Sport & Markt estimates the general international [sports betting](https://wiki.ragnaworld.net/index.php?title=User:DelorasZimmer) market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://wavedream.wiki/index.php/User:KandiArmijo8) gaming.
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But when the stability of occasions are hit the gambling market suffers, and incomes are put under threat if consumers can not bet with self-confidence.
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And there can have been couple of higher-profile sport wagering 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://social.japrime.id/read-blog/23457_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) gambling market now.
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"Not only is it a considerable market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing allegations relating to a test against England at Lord's last month.
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Three of these players have actually said they will likewise challenge the corruption charges mounted against 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, however was banned recently for six months for stopping working to report the unlawful method to him to toss frames.
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There are likewise two 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, among 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 firms since people will invest money [wagering](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:Lucio5460615) with self-confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK regulated wagering market ... it is not really a favorable story for wagering in the UK.
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"That is since the understanding is that 'cricket is now something we may 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 betting](https://tartar.app/read-blog/1671_how-are-betting-odds-calculated.html) Law Report conference into [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:ElanaHeilman9) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents guys and ladies in 15 [sports betting](https://demo.shoudyhosting.com/qtoa/?qa=85630/just-how-much-are-americans-investing-in-sports-betting) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He thinks that it is to merely have deterrents, sanctions and disciplinary procedures, but that the way to deal with possible problems around players is also through education.
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Mr Taylor says guidelines need to be explained plainly to gamers with clear examples, and by individuals they appreciate.
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"Through informing gamers about [sports betting](https://werderbremenfansclub.com/read-blog/14044_for-sports-gambling-to-be-legalised.html) wagering you strengthen integrity and that is 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 regulative legal guidance at the Football Association, agrees.
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"Prevention is better than remedy, and we also 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 directly," he includes.
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"If it loses that then people don't desire to bet, that is not in gambling 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 allowed to bet on a competitors in which they are included.
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Mr Johnson states gamers have to be seen not to be cashing in on any inside understanding, which he says might 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 wager on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to players the reputational risk to the game," he says. "Once self-confidence has 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" approach, then maybe 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 manage commercial gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has responsibility 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://wiki.dulovic.tech/index.php/User:ShawneeMcHale61) wagering occurring through UK operators is legal and reasonable," he says.
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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 unfaithful has the potential to weaken the stability of a sport, and it also hurts the industrial interests of [sports betting](https://wiki.ragnaworld.net/index.php?title=User:AlisiaStern2) bodies and [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:KUWAurelia)."
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The commission has actually developed an in-house [Sports Betting](https://origintraffic.com/read-blog/1662_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Intelligence Unit to get and share information to sporting authorities, [sports betting](http://www.larsaluarna.se/index.php/User:Kevin79763) companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://miderde.de/index.php?title=Benutzer:MayBromham7523)," he says.
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"We will notify [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:FelicaBbz6) of our concerns, to assist avoid or curtail [illegal] activity"
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In May 2010, the commission likewise presented a confidential 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 man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous investigations, and that much useful info has actually also been passed to [sports betting](http://archmageriseswiki.com/index.php/User:KathrynHodgson) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost effective, then the commission would consider stopping a criminal investigation "in favour of letting [sports betting](https://app.theremoteinternship.com/read-blog/25793_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he states a number of those looking to cheat the [sports betting](https://werderbremenfansclub.com/read-blog/14044_for-sports-gambling-to-be-legalised.html) wagering market were well-informed about [sports betting](https://bayer04leverkusenfansclub.com/read-blog/10391_sport-betting-industry-aims-to-protect-itself.html) and sporting people, and about [sports betting](https://www.sportpassionhub.com/read-blog/1462_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) operations and the movement of cash.
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"They look for 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://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:EulaliaBlaine) 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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