From 68e8fd2a60a64e888d82321383e411aa92639fec Mon Sep 17 00:00:00 2001 From: George Romeo Date: Sun, 22 Dec 2024 01:12:54 +0100 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..e979b60 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering market looks 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://origintraffic.com/read-blog/1674_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) on sport is big organization.
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Sport England estimates the value of spending on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is likely to have actually 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 study company Sport & Markt approximates the general international gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://fishtanklive.wiki/User:TristaOvens875) gambling.
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But when the of occasions are struck the gambling market suffers, and revenues are put under danger if clients can not bet with 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/23392_for-sports-gambling-to-be-legalised.html) gambling market now.
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"Not just is it a considerable market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing claims relating to a test against England at Lord's last month.
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Three of these players have said they will also challenge the corruption charges installed 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 claims, but was prohibited recently for six months for stopping working to report the prohibited method to him to throw 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 biggest online sporting exchanges.
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"If the sport is perceived as honest, straight and reasonable that benefits wagering companies since individuals will spend money wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK controlled wagering market ... it is not truly a positive story for wagering in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we might need to be mindful 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 experts at a World [sports betting](https://ozoms.com/read-blog/10192_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Law Report conference into [sports betting](https://letustalk.co.in/read-blog/11486_the-ins-and-outs-of-betting-on-the-nfl-draft.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals 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://twixxor.com/read-blog/8945_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) in the UK, being an umbrella organisation for all gamer 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 method to take on possible issues around gamers is also through education.
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Mr Taylor states guidelines require to be discussed plainly to players with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://philadelphiaflyersclub.com/read-blog/8436_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) you reinforce integrity which is in everybody's interest," he adds.
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"If players 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 regulative legal recommendations at the Football Association, concurs.
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"Prevention is much better than remedy, and we also make a point of telling gamers 'you are going to be caught'."
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"It is crucial that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals do not want to wager, that is not in gaming companies' interests, and it is not in our interests."
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He said that when a good credibility was lost, the damage to a sport was "enormous".
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FA guidelines indicate players are not enabled to bank on a competition in which they are included.
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Mr Johnson states players have actually to be seen not to be capitalizing any inside understanding, which he says could 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 bank on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to gamers the reputational risk to the video game," he says. "Once self-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" technique, then possibly 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 Act 2005 to control business [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:LienODonnell) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all [sports betting](https://naijamatta.com/read-blog/34759_how-to-play-bet9ja-online.html) in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://www.hb9lc.org/wiki/index.php/User:MarianneHursey) wagering occurring 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 undermine the stability of a sport, and it likewise harms the industrial interests of [sports betting](https://personal.spaces.one/read-blog/3093_online-betting-firms-gamble-on-soccer-mad-nigeria.html) bodies and [sports betting](https://demo.wowonderstudio.com/read-blog/2599_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) wagering."
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The commission has actually established an in-house [Sports Betting](https://blablasell.com/read-blog/11900_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Intelligence Unit to get and share details to sporting authorities, [sports betting](https://pipewiki.org/wiki/index.php/User:EugeneA2097) companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://wavedream.wiki/index.php/User:KentonOmu5939)," he states.
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"We will signal [sports betting](https://globalabout.com/read-blog/16980_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of our issues, to help prevent or reduce [illegal] activity"
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In May 2010, the commission likewise presented a private telephone hotline for those with info or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year duration there has been just one 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 8 ongoing investigations, and that much useful details has also been passed to [sports betting](https://wiki.vifm.info/index.php/User:HongBolt42804) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would think about stopping a criminal investigation "in favour of letting [sports betting](https://micircle.in/read-blog/475_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) governing bodies take the lead".
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Meanwhile, he says a lot of those aiming to cheat the [sports betting](https://myquora.myslns.com/index.php?qa=40511&qa_1=betting-firms-gamble-united-states-after-sports-wager-ruling) industry were well-informed about [sports betting](https://kenyansocial.com/read-blog/1347_things-you-need-to-learn-about-rafting-adventures.html) and sporting people, and about wagering operations and the movement of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://aladin.social/read-blog/61046_for-sports-gambling-to-be-legalised.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 websites.
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