From 4ebae168fdebfb797c0690bf2c68081a636ade65 Mon Sep 17 00:00:00 2001 From: laynemckellar Date: Wed, 29 Jan 2025 14:22:44 +0000 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 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..95604df --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial organization.
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Sport England estimates the worth of costs on sport-related gaming 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 actually grown even more, 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 total worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=UK_Betting_Firms_Gamble_On_United_States_After_Sports_Wager_Ruling) gaming.
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But when the stability of occasions are hit the gaming market suffers, and revenues are put under danger if customers can not bet with self-confidence.
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And there can have been couple of higher-profile sport betting 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://bytes-the-dust.com/index.php/Sport_Betting_Industry_Looks_To_Protect_Itself) market now.
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"Not only 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 accusations relating to a test versus England at Lord's last month.
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Three of these gamers have actually stated they will also 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, however was banned recently for six months for stopping working to report the unlawful approach to him to toss frames.
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There are likewise 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, one of the UK's biggest online sporting exchanges.
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"If the sport is perceived as honest, straight and fair that is great for betting companies due to the fact that people will spend money wagering with confidence," he states.
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"If you take the Pakistan allegations, although unrelated to the UK controlled wagering industry ... it is not really a positive story for betting in the UK.
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"That is since the perception is that 'cricket is now something we may have 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 Law Report conference into [sports betting](https://globalabout.com/read-blog/19819_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gambling, the focus has 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 rivals or the referee."
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His organisation represents guys and females in 15 [sports betting](http://files.mfactory.org/shop/bbs/board.php?bo_table=free&wr_id=23609) 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 merely have deterrents, sanctions and disciplinary treatments, however that the way to deal with prospective concerns around gamers is also through education.
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Mr Taylor states guidelines require to be explained clearly to gamers with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://jamboz.com/read-blog/1414_new-ma-sports-betting-legislation-contains-substantial-tax-hike-amp-ban-on-live.html) you strengthen stability which is in everybody's interest," he adds.
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"If gamers 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 remedy, and we also make a point of telling players 'you are going to be captured'."
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"It is necessary that sport is directly, and is seen to be directly," he includes.
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"If it loses that then individuals don't wish to bet, that is not in betting companies' interests, and it is not in our interests."
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He said that when a great reputation was lost, the damage to a sport was "enormous".
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FA rules indicate gamers are not enabled to bank on a competitors in which they are involved.
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Mr Johnson says gamers need to be seen not to be capitalizing any inside knowledge, which he says could cause "brand name damage" to football and its competitors.
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So, even a 2nd Division player knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to players the reputational danger to the video game," he states. "Once confidence has actually been damaged 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 possibly Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to regulate industrial gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://forum.webmark.com.tr/index.php?qa=121263&qa_1=betting-firms-gamble-united-states-after-sports-wager-ruling) taking location through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly interfere with the result 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 business interests of sports bodies and [sports betting](https://inspiredcollectors.com/component/k2/author/43184-recentmassachusettssportsbettingbillfeaturessubstantialtaxincreaseandbanoninplaybetting)."
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The commission has established an in-house [Sports Betting](http://sotongeekjam.net/doku.php?id=latest_ma_spo_ts_betting_bill_featu_es_substantial_tax_boost_and) Intelligence Unit to receive and disseminate info to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://xellaz.com/read-blog/75_recent-ma-sports-betting-proposal-includes-significant-tax-boost-and-restriction.html) wagering," he states.
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"We will notify [sports betting](https://socialgem.net/read-blog/17364_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) of our issues, to assist prevent or cut [unlawful] activity"
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In May 2010, the commission likewise 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 period there has been just one criminal prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, which much useful information has actually likewise been passed to [sports betting](https://social.midnightdreamsreborns.com/read-blog/18667_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://squishmallowswiki.com/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) governing bodies take the lead".
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Meanwhile, he states much of those looking to cheat the [sports betting](https://bayplore.com/read-blog/6354_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) market were knowledgeable about [sports betting](https://unightlifetalk.site/read-blog/3737_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) and sporting individuals, and about betting operations and the motion of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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