commit 048b5d91f03558c29cf5b9693505f2b0017afe85 Author: hosealundgren6 Date: Tue Dec 31 17:15:43 2024 +0000 Add Sport Betting Industry Looks To Protect Itself diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..ebb5423 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering industry 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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Betting on sport is big organization.
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Sport England approximates the value of costs on sport-related [sports betting](https://wow.twinear.com/read-blog/988_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) 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 even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study company Sport & Markt approximates the overall worldwide gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://reckoningz.com/sport-betting-industry-looks-to-protect-itself/) gaming.
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But when the integrity of events are struck the gambling industry suffers, and profits are put under risk if customers can not bet with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](https://social.ppmandi.com/read-blog/244_how-to-play-bet9ja-online.html) 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 speak about the [sports betting](https://bigtoc.com/read-blog/8936_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) 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 actually been questioned by authorities over spot-fixing accusations relating to a test against England at Lord's last month.
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Three of these gamers have stated they will also 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 accusations, however was banned recently for six months for stopping working to report the illegal approach to him to throw frames.
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There are also two other continuing examinations - not related 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 sincere, straight and reasonable that is excellent for [sports betting](https://skylockr.app/read-blog/225_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) companies because individuals will spend cash [sports betting](https://www.tobeop.com/warner-bros-discovery-sets-stage-for-potential-cable-deal-by/) with confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK regulated wagering market ... it is not truly a positive story for betting in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we might need to be careful 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 at a World [sports betting](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:CruzWindsor2212) Law Report conference into [sports betting](https://mysuccessdarpan.com/read-blog/12319_just-how-much-are-americans-investing-in-sports-betting.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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His organisation represents men and women in 15 [sports betting](https://kenyansocial.com/read-blog/1326_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.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 inadequate to merely have deterrents, sanctions and disciplinary treatments, but that the method to deal with possible problems around gamers is also through education.
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Mr Taylor says rules require to be explained plainly to gamers with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://iuridictum.pecina.cz/w/U%C5%BEivatel:NoeWestgarth) you strengthen stability which remains in everyone'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 regulatory legal recommendations at the Football Association, concurs.
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"Prevention is better than cure, and we also make a point of informing players 'you are going to be captured'."
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"It is important that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals don't want to wager, that is not in gaming companies' interests, and it is not in our interests."
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He said that once a great reputation was lost, the damage to a sport was "incalculable".
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FA rules mean gamers are not enabled to bank on a competitors in which they are involved.
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Mr Johnson says gamers have actually to be seen not to be capitalizing any inside understanding, which he says could cause "brand name damage" to football and its competitions.
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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 have to overcome to players the reputational risk to the video game," he says. "Once confidence has been damaged it is hard 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 policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage industrial gambling in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all [sports betting](https://mysuccessdarpan.com/read-blog/12310_things-you-need-to-understand-about-rafting-adventures.html) in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](http://yijichain.com/read-blog/15106_the-history-of-the-nfl-and-how-to-bet-on-it.html) occurring through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting event.
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"Such unfaithful has the prospective to weaken the integrity of a sport, and it likewise damages the industrial interests of [sports betting](https://tartar.app/read-blog/1669_things-you-need-to-understand-about-rafting-adventures.html) bodies and [sports betting](https://reckoningz.com/sweepstakes-casino-controversy-and-celebrities-all-important-role-2/) wagering."
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The commission has established an in-house [Sports Betting](https://sundaycareers.com/read-blog/2624_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) Intelligence Unit to receive and disseminate info to sporting authorities, [sports betting](http://www.pickmemo.com/read-blog/11276_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://twoplustwoequal.com/read-blog/58973_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html)," he states.
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"We will inform [sports betting](https://social.instinxtreme.com/read-blog/13725_how-to-attract-users-to-my-fantasy-sports-platform.html) of our concerns, to assist avoid or reduce [prohibited] activity"
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In May 2010, the commission likewise introduced 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 actually been just one criminal prosecution, a 24-year-old guy who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, which much beneficial information has also been passed to [sports betting](https://sensualmarketplace.com/read-blog/6400_the-ins-and-outs-of-betting-on-the-nfl-draft.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would consider stopping a criminal examination "in favour of letting [sports betting](https://chateando.net/read-blog/225_how-much-are-americans-spending-on-sports-betting.html) governing bodies take the lead".
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Meanwhile, he states many of those looking to cheat the [sports betting](http://woorichat.com/read-blog/10312_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) market were experienced about [sports betting](https://drapia.org/11-WIKI/index.php/User:JermaineMcRobert) and sporting individuals, and about wagering operations and the motion of money.
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"They seek out the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](http://famedoot.in/read-blog/90_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.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 responsible for the material of external websites.
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