From 6f78c07823ea1d4f59efe8c181895b874470dfd1 Mon Sep 17 00:00:00 2001 From: wilheminamoren Date: Wed, 18 Dec 2024 16:05:10 +0100 Subject: [PATCH] Add Sport Betting Industry Aims To Protect Itself --- ...Betting-Industry-Aims-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 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..4c3a92c --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering industry seeks 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 huge company.
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Sport England estimates the value of costs on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is most likely to have grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt approximates the overall market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://wiki.streampy.at/index.php?title=User:VelvaDavis7580) gaming.
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But when the stability of occasions are struck the gaming market suffers, and earnings 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 wagering 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 talks about the [sports betting](https://wiki.dulovic.tech/index.php/User:DrewIson657188) gambling 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 cops over spot-fixing accusations associating with 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 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 claims, but was prohibited last week for six months for stopping working to report the unlawful technique 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 sincere, straight and fair that benefits [sports betting](http://famedoot.in/read-blog/91_how-fantasy-betting-app-development-companies-and-sports-developers.html) companies since people will invest money wagering with self-confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK regulated betting industry ... it is not really a positive story for betting in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we might need 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 specialists at a World [sports betting](http://www.engel-und-waisen.de/index.php/Benutzer:EvonneOquinn) Law Report conference into [sports betting](https://wiki.ragnaworld.net/index.php?title=User:PrestonSalkauska) gambling, the focus has 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 females in 15 [sports betting](https://chelseafansclub.com/read-blog/13180_how-to-play-bet9ja-online.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 simply have deterrents, sanctions and disciplinary procedures, but that the way to take on possible issues around gamers is likewise through education.
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Mr Taylor says guidelines need to be discussed clearly to gamers with clear examples, and by people they appreciate.
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"Through informing players about [sports betting](https://bbarlock.com/index.php/User:Dwayne66E892054) you enhance stability and that is in everybody's interest," he adds.
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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 better than cure, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is crucial that sport is straight, 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 betting companies' interests, and it is not in our interests."
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He stated that when an excellent credibility was lost, the damage to a sport was "incalculable".
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FA rules suggest players are not permitted to bank on a competition in which they are involved.
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Mr Johnson states players have to be seen not to be capitalizing any inside understanding, which he states could cause "brand damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational risk to the game," he states. "Once self-confidence has 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" 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 control industrial gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread [sports betting](https://tartar.app/read-blog/1673_for-sports-gambling-to-be-legalised.html), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://grade1d.smaportal.ae/read-blog/2429_online-betting-firms-gamble-on-soccer-mad-nigeria.html) happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
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"Such unfaithful has the prospective to undermine the stability of a sport, and it also harms the business interests of [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:MitchellBarringe) bodies and [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:Vonnie9566)."
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The commission has established an internal [Sports Betting](https://wiki.sublab.net/index.php?title=User:ChelseaSwint58) Intelligence Unit to get and share info to sporting authorities, [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:MollieVidler20) firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://social.oneworldonesai.com/read-blog/1617_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html)," he says.
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"We will notify [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:CharlieRuddell4) of our issues, to assist avoid or curtail [unlawful] activity"
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In May 2010, the commission likewise presented a personal 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 duration there has actually been simply one criminal prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing examinations, and that much useful details has likewise been passed to [sports betting](https://wiki.armello.com/index.php/User:VioletteOber) 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 think about terminating a criminal investigation "in favour of letting [sports betting](https://santosfcfansclub.com/read-blog/7358_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) governing bodies take the lead".
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Meanwhile, he states many of those seeking to cheat the [sports betting](https://leicestercityfansclub.com/read-blog/9160_the-history-of-the-nfl-and-how-to-bet-on-it.html) market were educated about [sports betting](https://wiki.armello.com/index.php/User:ANCCaleb27105042) and sporting people, and about [sports betting](https://cheere.org/read-blog/36223_how-to-attract-users-to-my-fantasy-sports-platform.html) operations and the motion of money.
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"They look for out the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://wiki.vifm.info/index.php/User:MarilynnVarley) 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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