From 0d3e2d2bfd6064938b219faf436e930bb573c6ba Mon Sep 17 00:00:00 2001 From: Lenard Glover Date: Fri, 20 Dec 2024 14:14:37 +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..12b9fc2 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market wants to protect itself
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16 September 2010
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
By Bill Wilson
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reporter, BBC News
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[sports betting](https://connectingsparks.com/read-blog/25096_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) on sport is huge company.
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Sport England estimates the value 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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And that figure is likely to have grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research company Sport & Markt approximates the overall worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://connect.lankung.com/read-blog/11622_just-how-much-are-americans-investing-in-sports-betting.html) gaming.
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But when the stability of occasions are struck the gaming market suffers, and revenues are put under threat if clients can not bet with confidence.
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And there can have been few higher-profile sport [sports betting](https://sansaadhan.ipistisdemo.com/read-blog/20701_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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://youtoosocialnetwork.com/read-blog/1296_online-betting-firms-gamble-on-soccer-mad-nigeria.html) gambling market now.
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"Not only is it a substantial 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 relating to a test against England at Lord's last month.
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Three of these gamers have stated 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 champion John Higgins was cleared of match-fixing claims, but was prohibited recently for 6 months for failing to report the illegal approach to him to toss frames.
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There are likewise 2 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, among the UK's greatest online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that is excellent for betting firms since individuals will invest cash wagering with confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK controlled wagering industry ... it is not actually a favorable story for [sports betting](https://antoinegriezmannclub.com/read-blog/12448_enhance-your-business-opportunities-with-efficient-sports-apps.html) in the UK.
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"That is because the understanding is that 'cricket is now something we may need to beware 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 betting](https://meebeek.com/read-blog/1092_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://tartar.app/read-blog/1724_things-you-need-to-learn-about-rafting-adventures.html), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can repair a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://forum.subchems.com/read-blog/3878_how-fantasy-betting-app-development-companies-and-sports-developers.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 insufficient to simply have deterrents, sanctions and disciplinary procedures, but that the method to deal with prospective concerns around players is also through education.
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Mr Taylor states guidelines need to be explained clearly to players with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:SEZTerese319007) you strengthen stability which remains in everybody's interest," he includes.
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"If players are more difficult to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal advice at the Football Association, agrees.
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"Prevention is better than remedy, and we likewise make a point of telling players 'you are going to be caught'."
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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 individuals do not desire to bet, that is not in betting firms' interests, and it is not in our interests."
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He stated that as soon as a good track record was lost, the damage to a sport was "enormous".
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FA guidelines imply players are not allowed to wager on a competition in which they are included.
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Mr Johnson says gamers need to be seen not to be capitalizing any inside knowledge, which he says might trigger "brand damage" to football and its competitors.
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So, even a Second 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 need to overcome to gamers the reputational threat to the game," he says. "Once confidence has been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, then possibly Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to regulate industrial [sports betting](https://youtoosocialnetwork.com/read-blog/1296_online-betting-firms-gamble-on-soccer-mad-nigeria.html) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](http://woorichat.com/read-blog/10281_for-sports-gambling-to-be-legalised.html), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://jamesrodriguezclub.com/read-blog/5752_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) wagering happening 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 event.
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"Such cheating has the potential to undermine the integrity of a sport, and it also hurts the commercial interests of [sports betting](https://mysazle.com/read-blog/6541_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) bodies and [sports betting](https://wooshbit.com/read-blog/18714_the-history-of-the-nfl-and-how-to-bank-on-it.html)."
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The commission has developed an in-house [Sports Betting](https://unightlifetalk.site/read-blog/2625_for-sports-gambling-to-be-legalised.html) Intelligence Unit to receive and share information to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://nohio.org/index.php/User:CortezMaclean) wagering," he says.
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"We will alert [sports betting](https://strimsocial.net/read-blog/19030_things-you-need-to-understand-about-rafting-adventures.html) of our issues, to help prevent or curtail [prohibited] activity"
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In May 2010, the commission likewise presented 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 been simply 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 states there are still eight continuous investigations, which much beneficial details has also been passed to [sports betting](https://droidt99.com/read-blog/6925_how-fantasy-betting-app-development-companies-and-sports-developers.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost effective, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://taar.me/read-blog/8459_how-much-are-americans-spending-on-sports-betting.html) governing bodies take the lead".
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Meanwhile, he says many of those wanting to cheat the [sports betting](https://qanda.yokepost.com/index.php?qa=164055&qa_1=just-how-much-are-americans-investing-in-sports-betting) wagering market were well-informed about [sports betting](https://netgork.com/read-blog/110099_things-you-need-to-know-about-rafting-adventures.html) and sporting individuals, and about [sports betting](https://www.eruptz.com/read-blog/17784_sport-betting-industry-aims-to-protect-itself.html) operations and the movement of money.
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"They look for out the vulnerabilities of these to help in their business."
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Related web links
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World [sports betting](https://realmadridperipheral.com/read-blog/6382_the-history-of-the-nfl-and-how-to-bet-on-it.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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
BLP
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Gambling Commission
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