commit c0f5d98276cedf7d041b5919afe9f497551c0516 Author: lucio624995093 Date: Wed Dec 18 06:03:27 2024 +0100 Add Sport Betting Industry Seeks To Protect Itself 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..fb6d129 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport betting market looks 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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Betting on sport is big company.
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Sport England approximates 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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And that figure is most likely to have grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study company Sport & Markt estimates the general global betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://woorichat.com/read-blog/10290_the-ins-and-outs-of-betting-on-the-nfl-draft.html) gaming.
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But when the stability of occasions are struck the gambling 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 [sports betting](https://blkbook.blactive.com/read-blog/2278_things-you-need-to-know-about-rafting-adventures.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](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:PBGClaudia) gambling market now.
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"Not only is it a substantial 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 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 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 champ John Higgins was cleared of match-fixing allegations, but was prohibited last week for six months for failing to report the prohibited approach to him to throw frames.
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There are likewise 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, among the UK's most significant online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits betting companies because individuals will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK regulated wagering market ... it is not actually a favorable story for wagering in the UK.
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"That is because 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 avoid future scandals?
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According to specialists at a World [sports betting](https://miderde.de/index.php?title=Benutzer:MaribelLinares) Law Report conference into [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:ViolaHinojosa04), 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 competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://www.sportpassionhub.com/read-blog/1460_how-much-are-americans-investing-in-sports-betting.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 treatments, however that the method to deal with possible issues around gamers is also through education.
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Mr Taylor says guidelines need to be described plainly to gamers with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://kiigasofthub.com/read-blog/10092_the-ins-and-outs-of-betting-on-the-nfl-draft.html) you strengthen integrity and that is in everybody's interest," he includes.
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"If gamers 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 guidance 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 imperative that sport is directly, and is seen to be straight," he includes.
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"If it loses that then individuals don't desire to bet, that is not in gambling firms' interests, and it is not in our interests."
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He said that once a great track record was lost, the damage to a sport was "incalculable".
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FA rules suggest players are not allowed to bank on a competition in which they are included.
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Mr Johnson says gamers have to be seen not to be cashing in on any inside understanding, which he says could cause "brand damage" to football and its competitions.
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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 final the following spring.
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"We have to overcome to gamers the reputational risk to the video game," he states. "Once confidence has actually 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" method, then perhaps 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 regulate business gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all [sports betting](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:XFYRandi038) in the UK apart from spread [sports betting](https://nohio.org/index.php/User:Pansy87F18), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](http://www.seferpanim.com/read-blog/343_how-to-play-bet9ja-online.html) wagering occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting event.
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"Such unfaithful has the prospective to undermine the integrity of a sport, and it likewise harms the commercial interests of [sports betting](https://mixup.wiki/index.php/User:UVZPrincess) bodies and [sports betting](https://flowsocial.xyz/read-blog/567_how-fantasy-betting-app-development-companies-and-sports-developers.html) wagering."
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The commission has developed an in-house [Sports Betting](https://galgbtqhistoryproject.org/wiki/index.php/User:NevilleHirsch) Intelligence Unit to receive and share details to sporting authorities, [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:MaryanneYsi) companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://wow.t-mobility.co.il/read-blog/25_how-fantasy-betting-app-development-companies-and-sports-developers.html) wagering," he says.
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"We will alert [sports betting](https://oninabresources.com/the-ins-and-outs-of-betting-on-the-nfl-draft-2/) of our concerns, to assist prevent or cut [illegal] activity"
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In May 2010, the commission also presented 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 been just one prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous investigations, which much helpful info has also been passed to [sports betting](https://www.grandtribunal.org/wiki/User:AndraAlbarran5) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost reliable, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://wiki.streampy.at/index.php?title=User:HesterFairthorne) governing bodies take the lead".
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Meanwhile, he says a number of those looking to cheat the [sports betting](https://genzkenya.co.ke/read-blog/91_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market were knowledgeable about [sports betting](https://projectblueberryserver.com/index.php/User:ValenciaLavallee) and sporting people, and about [sports betting](https://35.237.164.2/wiki/User:SenaidaMarcotte) operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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Related web links
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World [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:LucaWarby634) 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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