From 5434937f74997827540d563fb8bf8988f048019f Mon Sep 17 00:00:00 2001 From: tawannamireles Date: Tue, 17 Dec 2024 20:29:38 +0100 Subject: [PATCH] Add Sport Betting Industry Aims To Protect Itself --- ...Betting-Industry-Aims-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..3936d6a --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport [sports betting](https://app.theremoteinternship.com/read-blog/25786_the-history-of-the-nfl-and-how-to-bank-on-it.html) market aims to protect itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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[sports betting](https://mixup.wiki/index.php/User:UVZPrincess) on sport is huge service.
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Sport England estimates the value of spending on sport-related gaming in from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is likely to have actually 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 study company Sport & Markt approximates the overall worldwide [sports betting](http://www.seferpanim.com/read-blog/352_for-sports-gambling-to-be-legalised.html) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://www.drsbook.co.kr/?document_srl=14579851) gambling.
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But when the stability of occasions are struck the [sports betting](https://bytes-the-dust.com/index.php/User:SelenaCallaghan) industry suffers, and profits are put under risk if consumers can not wager with self-confidence.
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And there can have been couple of 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 speak about the [sports betting](https://mxlinkin.mimeld.com/read-blog/661_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market now.
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"Not only is it a significant market in world service, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have 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 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 accusations, but was banned recently for six months for failing to report the unlawful technique to him to throw frames.
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There are also 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 greatest online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that benefits wagering companies since people will spend money [sports betting](https://flowsocial.xyz/read-blog/576_how-much-are-americans-investing-in-sports-betting.html) with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK managed [sports betting](http://wiki.faramirfiction.com/index.php?title=User:ConcettaQuinonez) market ... it is not really a positive story for wagering in the UK.
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"That is since the understanding is that 'cricket is now something we might 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 specialists at a World [sports betting](https://wiki.streampy.at/index.php?title=User:HesterFairthorne) Law Report conference into [sports betting](http://www.larsaluarna.se/index.php/User:MabelColdiron64) gambling, the focus needs to be on sportspersons 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](http://it-viking.ch/index.php/User:DeboraBlackett3) 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 insufficient to simply have deterrents, sanctions and disciplinary procedures, however that the way to take on prospective concerns around players is also through education.
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Mr Taylor states guidelines need to be discussed clearly to players with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://bytes-the-dust.com/index.php/User:MableZink42641) you strengthen integrity and that is in everybody's interest," he adds.
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"If players 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 suggestions at the Football Association, concurs.
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"Prevention is better than treatment, and we also make a point of informing gamers 'you are going to be captured'."
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"It is essential that sport is straight, and is seen to be directly," he adds.
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"If it loses that then people do not desire to bet, that is not in gaming companies' interests, and it is not in our interests."
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He stated that as soon as a great reputation was lost, the damage to a sport was "enormous".
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FA rules indicate gamers are not enabled to bet on a competitors 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 might trigger "brand name damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to gamers the reputational threat to the game," he states. "Once confidence has actually 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 maybe Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to regulate industrial gambling in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://jamesrodriguezclub.com/read-blog/5670_how-to-play-bet9ja-online.html) wagering happening through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly hinder the outcome of a sporting event.
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"Such cheating has the possible to weaken the stability of a sport, and it also damages the commercial interests of [sports betting](https://drapia.org/11-WIKI/index.php/User:AlexandriaCrocke) bodies and [sports betting](https://demo.wowonderstudio.com/read-blog/2590_how-are-betting-odds-calculated.html) wagering."
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The commission has established an in-house [Sports Betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:AlissaLutwyche) Intelligence Unit to receive and distribute details to sporting authorities, [sports betting](https://napolifansclub.com/read-blog/19858_how-to-play-bet9ja-online.html) firms and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://infosocial.top/read-blog/4019_things-you-need-to-learn-about-rafting-adventures.html) wagering," he says.
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"We will alert [sports betting](http://www.drsbook.co.kr/board/14581065) of our concerns, to help avoid or curtail [unlawful] activity"
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In May 2010, the commission likewise introduced 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 period there has actually been just one prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, and that much helpful info has actually likewise been passed to [sports betting](https://wow.twinear.com/read-blog/981_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost effective, then the commission would think about ceasing a criminal investigation "in favour of letting [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:OttoPenrod) governing bodies take the lead".
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Meanwhile, he states a number of those aiming to cheat the [sports betting](https://wow.t-mobility.co.il/read-blog/28_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) wagering industry were knowledgeable about [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:Jackson6145) and sporting individuals, and about [sports betting](https://genzkenya.co.ke/read-blog/86_how-to-play-bet9ja-online.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](https://uptoscreen.com/read-blog/74149_begin-winning-with-pcg-college-football-picks.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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The BBC is not accountable for the material of external sites.
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