From 0450837d8015f6c73bb040ccde5ad36c0999d7e0 Mon Sep 17 00:00:00 2001 From: lazaronickel6 Date: Wed, 1 Jan 2025 01:09:24 +0800 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md 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..38d8c2d --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering market wants 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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[sports betting](https://taar.me/read-blog/8451_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) on sport is big company.
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Sport England approximates the value of costs on sport-related betting 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 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 study company Sport & Markt approximates the general global [sports betting](https://www.miptrucking.net/read-blog/1284_the-ins-and-outs-of-betting-on-the-nfl-draft.html) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://linkin.commoners.in/read-blog/25774_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) gaming.
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But when the integrity of events are hit the [sports betting](http://video.firstkick.live/read-blog/4650_for-sports-gambling-to-be-legalised.html) market suffers, and earnings are put under danger if consumers can not bet with confidence.
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And there can have been couple of higher-profile sport wagering 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 discuss the [sports betting](https://wow.t-mobility.co.il/read-blog/21_how-to-attract-users-to-my-fantasy-sports-platform.html) market now.
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"Not just is it a significant market in world organization, 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 allegations relating to a test against England at Lord's last month.
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Three of these gamers have actually stated they will likewise 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 allegations, but was prohibited recently for 6 months for failing to report the prohibited method to him to toss frames.
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There are also 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 sincere, straight and fair that benefits [sports betting](https://seenoor.com/read-blog/433_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) companies since individuals will spend money wagering 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 really a favorable story for [sports betting](https://moonifie.com/read-blog/1407_just-how-much-are-americans-investing-in-sports-betting.html) in the UK.
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"That is because the perception is that 'cricket is now something we might have 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 specialists at a World [sports betting](https://bikapsul.com/read-blog/1454_the-history-of-the-nfl-and-how-to-bet-on-it.html) Law Report conference into [sports betting](https://personal.spaces.one/read-blog/3113_for-sports-gambling-to-be-legalised.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 in 15 [sports betting](https://thatswhathappened.wiki/index.php/User:GarnetPalumbo4) 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 enough to merely have deterrents, sanctions and disciplinary treatments, however that the method to deal with potential issues around players is also through education.
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Mr Taylor says rules need to be discussed clearly to gamers with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](https://connectingsparks.com/read-blog/25068_how-to-attract-users-to-my-fantasy-sports-platform.html) you reinforce integrity which is in everybody's interest," he includes.
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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 suggestions at the Association, concurs.
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"Prevention is much better than remedy, 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 straight, and is seen to be straight," he adds.
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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 as soon as a good track record was lost, the damage to a sport was "enormous".
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FA rules mean players are not permitted to wager on a competitors in which they are involved.
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Mr Johnson states players have to be seen not to be cashing in on any inside understanding, which he says could trigger "brand name damage" to football and its competitions.
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So, even a 2nd Division player 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 need to overcome to players the reputational threat to the game," he states. "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" technique, then perhaps Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to manage business [sports betting](https://truthbook.social/read-blog/8702_sport-betting-industry-wants-to-protect-itself.html) 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 wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://welcometohaiti.com/read-blog/16697_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) wagering 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 integrity of a sport, and it also harms the industrial interests of [sports betting](https://noaisocial.pro/read-blog/2374_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) bodies and [sports betting](https://gigen.net/read-blog/18_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering."
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The commission has actually developed an internal [Sports Betting](http://wiki-tb-service.com/index.php?title=Benutzer:YolandaVillalobo) 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://wiki.rrtn.org/wiki/index.php/User:RosalindKeir672)," he states.
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"We will inform [sports betting](https://messengerkivu.com/read-blog/2394_the-history-of-the-nfl-and-how-to-bet-on-it.html) of our concerns, to assist avoid or reduce [unlawful] activity"
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In May 2010, the commission likewise introduced 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 actually been simply one criminal prosecution, a 24-year-old male who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous examinations, and that much useful info has actually also been passed to [sports betting](https://miderde.de/index.php?title=Benutzer:BradleyStrachan) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would consider terminating a criminal investigation "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 wanting to cheat the [sports betting](https://www.proathletediscuss.com/read-blog/408_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) wagering industry were experienced about [sports betting](https://fishtanklive.wiki/User:NancyWhj45244) and sporting individuals, and about [sports betting](https://wow.twinear.com/read-blog/980_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) 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 internet links
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World [sports betting](https://projectblueberryserver.com/index.php/User:AnnetteWatts) 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 content of external websites.
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