From 1d8a26e4a2dea50f2fbd3c2e958ee6ecfdd1554a Mon Sep 17 00:00:00 2001 From: taylamclean381 Date: Tue, 31 Dec 2024 04:24:47 +0000 Subject: [PATCH] Add Sport Betting Industry Aims To Protect Itself --- ...Betting-Industry-Aims-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..ee203dd --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport [sports betting](https://bytes-the-dust.com/index.php/User:Michelle99Q) market seeks to secure itself
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16 September 2010
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
By Bill Wilson
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Business reporter, BBC News
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[sports betting](https://naijamatta.com/read-blog/34691_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) on sport is big business.
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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 actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research company Sport & Markt approximates the general global gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://hcsxy2024.com/read-blog/2053_things-you-need-to-learn-about-rafting-adventures.html) gaming.
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But when the stability of events are struck the gambling industry suffers, and profits are put under threat if clients can not wager with confidence.
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And there can have been couple of higher-profile sport betting 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](https://www.hb9lc.org/wiki/index.php/User:IreneFields4013) market now.
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"Not just is it a significant market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing accusations relating to a test against England at Lord's last month.
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Three of these players have stated 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, but was prohibited last week for six months for failing to report the illegal approach to him to throw frames.
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There are likewise two 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, one of the UK's biggest online sporting exchanges.
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"If the sport is viewed as sincere, straight and that benefits wagering companies because people will invest money [sports betting](https://www.facetwig.com/read-blog/96065_things-you-need-to-understand-about-rafting-adventures.html) with confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK regulated wagering industry ... it is not truly a favorable story for [sports betting](https://africasfaces.com/read-blog/5879_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) in the UK.
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"That is because the understanding 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 experts at a World [sports betting](http://famedoot.in/read-blog/81_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://social.midnightdreamsreborns.com/read-blog/13139_just-how-much-are-americans-spending-on-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 mentions: "The only individuals who can repair a match are the competitors or the referee."
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His organisation represents guys and women in 15 [sports betting](https://social.ppmandi.com/read-blog/244_how-to-play-bet9ja-online.html) 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 take on prospective problems around gamers is likewise through education.
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Mr Taylor says guidelines need to be explained clearly to gamers with clear examples, and by individuals they respect.
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"Through educating players about [sports betting](https://travel-friends.net/read-blog/1045_how-fantasy-betting-app-development-companies-and-sports-developers.html) you reinforce stability which is in everybody's interest," he includes.
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"If gamers are harder to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal advice at the Football Association, concurs.
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"Prevention is much better than remedy, and we likewise make a point of informing players 'you are going to be captured'."
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"It is imperative that sport is directly, and is seen to be directly," he adds.
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"If it loses that then people do not desire to bet, that is not in gaming companies' interests, and it is not in our interests."
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He stated that as soon as an excellent track record was lost, the damage to a sport was "incalculable".
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FA guidelines mean players are not enabled to wager on a competitors in which they are included.
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Mr Johnson says players need to be seen not to be cashing in on any inside understanding, which he says might trigger "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 autumn can not wager 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 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" approach, then perhaps 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 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 wagering in the UK apart from spread [sports betting](https://woodsrunners.com/index.php/User:BethKraker1), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://social.stssconstruction.com/read-blog/21043_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering 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 result of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it also harms the commercial interests of [sports betting](https://wow.t-mobility.co.il/read-blog/14_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) bodies and [sports betting](https://letustalk.co.in/read-blog/11523_how-much-are-americans-spending-on-sports-betting.html)."
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The commission has established an internal [Sports Betting](https://theconnectly.com/read-blog/4149_just-how-much-are-americans-spending-on-sports-betting.html) Intelligence Unit to get and share info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://chateando.net/read-blog/213_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html)," he states.
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"We will inform [sports betting](https://www.hb9lc.org/wiki/index.php/User:Anton70535) of our issues, to help avoid or cut [prohibited] activity"
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In May 2010, the commission likewise introduced a personal 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 simply one prosecution, a 24-year-old guy who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, and that much useful information has actually likewise been passed to [sports betting](https://sfqatest.sociofans.com/read-blog/690_sport-betting-industry-wants-to-protect-itself.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would consider stopping a criminal examination "in favour of letting [sports betting](https://personal.spaces.one/read-blog/3099_how-are-betting-odds-calculated.html) governing bodies take the lead".
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Meanwhile, he says much of those looking to cheat the [sports betting](http://woorichat.com/read-blog/10319_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering industry were experienced about [sports betting](https://aceme.ink/read-blog/1716_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) 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 enterprises."
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Related web links
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World [sports betting](https://origintraffic.com/read-blog/1690_start-off-winning-with-pcg-college-football-picks.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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Gambling Commission
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The BBC is not responsible for the material of external sites.
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