commit 2269c5a4484dabf0ab9c3c5c240307792a42548a Author: carrik42611903 Date: Tue Dec 31 04:00:37 2024 +0000 Update 'Sport Betting Industry Aims To Protect Itself' 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..6e3fa3e --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
market looks to safeguard 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://wiki.armello.com/index.php/User:EllisMartens6) on sport is huge business.
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Sport England [approximates](https://tartar.app/read-blog/1723_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) the worth of costs on sport-related [sports betting](https://wiki.whenparked.com/User:LuigiVeitch21) 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 further, with an estimated ₤ 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 general international [sports betting](https://peoplesmedia.co/read-blog/12645_just-how-much-are-americans-spending-on-sports-betting.html) market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://firstamendment.tv/read-blog/72552_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html).
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But when the stability of events are struck the [sports betting](http://yijichain.com/read-blog/15062_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) market suffers, and profits are put under danger if customers can not bet with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:FlossieStapley1) 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](https://alumni.myra.ac.in/read-blog/148636_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 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 police over spot-fixing claims associating with a test versus England at Lord's last month.
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Three of these players have said they will likewise 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 champion John Higgins was cleared of match-fixing claims, but was banned recently for 6 months for stopping working to report the prohibited method to him to toss frames.
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There are also 2 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, one of the UK's greatest online sporting exchanges.
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"If the sport is perceived as truthful, straight and fair that is great for [sports betting](https://terra.planetv.wtf/read-blog/729_.html) firms since individuals will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan allegations, although unassociated to the UK managed wagering market ... it is not actually a favorable story for [sports betting](https://sossnet.com/read-blog/20573_the-ins-and-outs-of-betting-on-the-nfl-draft.html) in the UK.
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"That is since the understanding is that 'cricket is now something we may need to be cautious 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://voggisper.com/read-blog/1219_just-how-much-are-americans-investing-in-sports-betting.html) Law Report conference into [sports betting](https://catvcommunity.com.tr/read-blog/4477_things-you-need-to-learn-about-rafting-adventures.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only people who can fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:DortheaE34) 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 insufficient to simply have deterrents, sanctions and disciplinary treatments, however that the method to take on prospective problems around gamers is likewise through education.
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Mr Taylor states guidelines require to be discussed clearly to players with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://www.eruptz.com/read-blog/17285_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering you strengthen stability and that is in everyone'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 advice at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is essential that sport is directly, and is seen to be straight," he adds.
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"If it loses that then people do not want to bet, that is not in gaming firms' interests, and it is not in our interests."
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He stated that as soon as a great track record was lost, the damage to a sport was "enormous".
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FA guidelines suggest gamers are not allowed to bank on a competition in which they are included.
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Mr Johnson says gamers need to be seen not to be cashing in on any inside understanding, which he says could trigger "brand damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational danger to the game," he states. "Once confidence has been harmed it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then perhaps 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](https://wavedream.wiki/index.php/User:Jacelyn3760) Act 2005 to regulate commercial gambling in Great Britain.
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An ex-chief constable of West Midlands authorities, 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 frustrating bulk of [sports betting](https://ai.tienda/read-blog/7274_just-how-much-are-americans-investing-in-sports-betting.html) wagering occurring through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
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"Such cheating has the potential to weaken the integrity of a sport, and it also harms the commercial interests of [sports betting](https://peoplesmedia.co/read-blog/12914_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://flowsocial.xyz/read-blog/581_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) wagering."
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The commission has actually developed an internal [Sports Betting](https://socialsmerch.com/read-blog/10526_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Intelligence Unit to get and disseminate info 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](https://messengerkivu.com/read-blog/2394_the-history-of-the-nfl-and-how-to-bet-on-it.html) wagering," he states.
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"We will signal [sports betting](https://gigen.net/read-blog/15_how-much-are-americans-investing-in-sports-betting.html) of our issues, to help prevent or curtail [prohibited] activity"
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In May 2010, the commission also presented a private 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 male who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing investigations, and that much helpful info has actually also been passed to [sports betting](https://olps.co.za/wiki/User:ElwoodBurkholder) 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 think about terminating a criminal investigation "in favour of letting [sports betting](https://ai.ceo/read-blog/244282_missouri-sports-betting-ballot-measure-approved-by-voters.html) governing bodies take the lead".
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Meanwhile, he says a number of those aiming to cheat the [sports betting](https://lidoo.com.br/read-blog/12969_how-are-betting-odds-calculated.html) industry were experienced about [sports betting](https://social.ppmandi.com/read-blog/237_online-betting-firms-gamble-on-soccer-mad-nigeria.html) and sporting individuals, and about [sports betting](https://bytes-the-dust.com/index.php/User:MargeryKroeger7) operations and the motion of money.
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"They look for out the vulnerabilities of these to assist in their enterprises."
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Related web links
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World [sports betting](https://bikapsul.com/read-blog/1441_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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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