From d72c45402e549d8c3839fe6516ce2521087471b6 Mon Sep 17 00:00:00 2001 From: margueritex34 Date: Tue, 31 Dec 2024 15:25:51 -0500 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..95c3005 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering industry aims to safeguard 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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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 most likely to have grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt approximates the general global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://archmageriseswiki.com/index.php/User:TheresaVelazquez) gambling.
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But when the stability of events are hit the gambling industry suffers, and incomes are put under threat if customers can not wager with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](https://seenoor.com/read-blog/442_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.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 talks about the [sports betting](https://youtoosocialnetwork.com/read-blog/1296_online-betting-firms-gamble-on-soccer-mad-nigeria.html) gambling market now.
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"Not just is it a substantial market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations associating with a test against England at Lord's last month.
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Three of these gamers have stated they will likewise challenge the corruption charges mounted 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 banned last week for 6 months for failing to report the illegal approach to him to toss frames.
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There are also 2 other continuing investigations - not related 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 truthful, straight and reasonable that is great for wagering companies since individuals will invest cash [sports betting](https://forum.subchems.com/read-blog/3818_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK managed [sports betting](https://miderde.de/index.php?title=Benutzer:AlisiaRasp595) industry ... it is not actually a positive story for wagering in the UK.
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"That is because 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 betting](https://mixup.wiki/index.php/User:WadeConnibere04) Law Report conference into [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:LorriRadford78), the focus has 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 fix a match are the competitors or the referee."
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His organisation represents men and women in 15 [sports betting](https://wiki.rrtn.org/wiki/index.php/User:RosalindKeir672) 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 not enough to merely have deterrents, sanctions and disciplinary treatments, but that the way to tackle possible problems around players is also through education.
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Mr Taylor states guidelines need 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://usvs.ms/read-blog/865_how-fantasy-betting-app-development-companies-and-sports-developers.html) you enhance stability which remains in everybody's interest," he includes.
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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, concurs.
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"Prevention is much better than remedy, and we likewise make a point of telling players 'you are going to be captured'."
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"It is crucial that sport is straight, and is seen to be directly," he adds.
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"If it loses that then individuals do not desire to wager, that is not in [sports betting](https://sossnet.com/read-blog/20807_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) firms' interests, and it is not in our interests."
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He said that as soon as a great reputation was lost, the damage to a sport was "incalculable".
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FA rules imply gamers are not allowed to bet on a competition in which they are involved.
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Mr Johnson states gamers have actually to be seen not to be capitalizing any inside understanding, which he says could cause "brand damage" to football and its competitors.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to overcome to gamers the reputational risk to the game," he states. "Once 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" technique, then possibly Nick Tofiluk, director of guideline 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 [sports betting](https://wow.twinear.com/read-blog/1009_things-you-need-to-understand-about-rafting-adventures.html) in Great .
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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://youfurry.com/read-blog/37829_the-history-of-the-nfl-and-how-to-bet-on-it.html) wagering taking location 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 cheating has the possible to weaken the integrity of a sport, and it also hurts the business interests of [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:DarinCespedes) bodies and [sports betting](http://4blabla.ru/read-blog/2685_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html)."
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The commission has actually developed an internal [Sports Betting](https://social.updum.com/read-blog/33_compare-amp-review-oddsjet-de.html) Intelligence Unit to get and distribute details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://globalabout.com/read-blog/16989_how-much-are-americans-spending-on-sports-betting.html) wagering," he says.
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"We will alert [sports betting](https://woodsrunners.com/index.php/User:BethKraker1) of our issues, to help prevent or cut [prohibited] activity"
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In May 2010, the commission also 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 duration there has actually been just 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, which much beneficial details has actually also been passed to [sports betting](https://meta.mactan.com.br/read-blog/23886_the-history-of-the-nfl-and-how-to-bank-on-it.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense reliable, then the commission would think about ceasing a criminal examination "in favour of letting [sports betting](https://parentingliteracy.com/wiki/index.php/User:ElijahClaudio) governing bodies take the lead".
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Meanwhile, he states a lot of those aiming to cheat the [sports betting](https://pittsburghpenguinsclub.com/read-blog/11536_sport-betting-industry-looks-to-protect-itself.html) industry were well-informed about [sports betting](https://cheere.org/read-blog/36282_for-sports-gambling-to-be-legalised.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 business."
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Related web links
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World [sports betting](https://jamboz.com/read-blog/154_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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 responsible for the content of external sites.
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