From 086c39721375530fda86098c18baaec0dcaeb4c3 Mon Sep 17 00:00:00 2001 From: taylahlawry752 Date: Tue, 31 Dec 2024 20:46:10 +0000 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..d69384f --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering market looks to secure 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://www.characterlist.com/read-blog/831_how-much-are-americans-investing-in-sports-betting.html) on sport is huge company.
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Sport England approximates the value of costs on sport-related [sports betting](https://blablasell.com/read-blog/11896_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) 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 even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research company Sport & Markt estimates the overall global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://meebeek.com/read-blog/1090_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gaming.
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But when the stability of occasions are hit the gaming market suffers, and revenues are put under risk if clients can not bet with self-confidence.
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And there can have been few higher-profile sport [sports betting](https://connectingsparks.com/read-blog/25062_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.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 speak about the [sports betting](https://wavedream.wiki/index.php/User:Jacelyn3760) gambling market now.
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"Not only is it a significant market in world company, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing claims connecting to a test against England at Lord's last month.
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Three of these players have actually said they will also challenge the corruption charges installed 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 prohibited last week for six months for stopping working to report the illegal approach to him to throw frames.
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There are also 2 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 biggest online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that benefits wagering firms because people will invest cash [sports betting](https://wooshbit.com/read-blog/18745_the-ins-and-outs-of-betting-on-the-nfl-draft.html) with self-confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK controlled wagering industry ... 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 may need to beware 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 specialists at a World [sports betting](https://realhindu.in/read-blog/21356_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Law Report conference into [sports betting](https://idaivelai.com/read-blog/25_things-you-need-to-learn-about-rafting-adventures.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents males and [females](https://embargo.energy/index.php/User:DarellBalfe1) in 15 [sports betting](https://zapzclubhouse.com/read-blog/2769_online-betting-firms-gamble-on-soccer-mad-nigeria.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 not adequate to merely have deterrents, sanctions and disciplinary treatments, but that the method to tackle prospective issues around gamers is also through education.
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Mr Taylor says guidelines require to be described plainly to gamers with clear examples, and by people they appreciate.
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"Through informing gamers about [sports betting](http://video.firstkick.live/read-blog/4647_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) you reinforce integrity which is in everybody's interest," he adds.
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"If gamers 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 guidance at the Football Association, agrees.
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"Prevention is better than treatment, and we also make a point of informing players 'you are going to be caught'."
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"It is crucial that sport is directly, and is seen to be directly," he includes.
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"If it loses that then people don't wish to wager, that is not in [sports betting](https://theconnectly.com/read-blog/4149_just-how-much-are-americans-spending-on-sports-betting.html) companies' interests, and it is not in our interests."
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He said that once a great was lost, the damage to a sport was "incalculable".
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FA rules suggest gamers are not permitted to bank on a competitors in which they are included.
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Mr Johnson states players have actually to be seen not to be capitalizing any inside knowledge, which he states could cause "brand damage" to football and its competitions.
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So, even a 2nd Division gamer [knocked](https://krazzykross.com/read-blog/1501_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational threat to the video game," he states. "Once 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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage business gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://netgork.com/read-blog/111615_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.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 hinder the result of a sporting event.
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"Such unfaithful has the prospective to weaken the stability of a sport, and it also damages the industrial interests of [sports betting](http://www.seferpanim.com/read-blog/381_for-sports-gambling-to-be-legalised.html) bodies and [sports betting](https://bbarlock.com/index.php/User:AliceBland5)."
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The commission has actually developed an internal [Sports Betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:ElanaHeilman9) Intelligence Unit to receive and distribute details to sporting authorities, [sports betting](https://tartar.app/read-blog/1670_how-to-play-bet9ja-online.html) firms and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://sportstalkhub.com/read-blog/20355_things-you-need-to-understand-about-rafting-adventures.html) wagering," he states.
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"We will inform [sports betting](https://personal.spaces.one/read-blog/3083_enhance-your-business-opportunities-with-efficient-sports-apps.html) of our concerns, to help prevent or cut [unlawful] activity"
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In May 2010, the commission also 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 period there has actually been just one criminal prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous investigations, and that much useful info has likewise been passed to [sports betting](https://ifairy.world/read-blog/1347_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost effective, then the commission would consider stopping a criminal examination "in favour of letting [sports betting](https://surgiteams.com/index.php/User:TammaraRodway53) governing bodies take the lead".
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Meanwhile, he states a lot of those aiming to cheat the [sports betting](https://usvs.ms/read-blog/796_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering industry were educated about [sports betting](https://terra.planetv.wtf/read-blog/689_.html) and sporting people, and about wagering operations and the motion of cash.
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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://youslade.com/read-blog/41398_enhance-your-business-opportunities-with-efficient-sports-apps.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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