commit 33dc8cdc5b7fa50c9165f9476bb6718718c9b260 Author: marinatwe96486 Date: Mon Dec 30 15:45:18 2024 -0500 Add 'Sport Betting Industry Seeks To Protect Itself' diff --git a/Sport-Betting-Industry-Seeks-To-Protect-Itself.md b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md new file mode 100644 index 0000000..b3c73da --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
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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[sports betting](https://tartar.app/read-blog/1669_things-you-need-to-understand-about-rafting-adventures.html) on sport is big service.
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Sport England approximates the value of costs on sport-related [sports betting](https://encone.com/read-blog/46227_the-history-of-the-nfl-and-how-to-bet-on-it.html) in grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is most likely to have actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study firm Sport & Markt approximates the total global [sports betting](https://social.japrime.id/read-blog/23406_compare-amp-review-oddsjet-de.html) market will be worth 263[bn euros](https://mxlinkin.mimeld.com/read-blog/699_sport-betting-industry-wants-to-protect-itself.html) (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://aceme.ink/read-blog/1646_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) gaming.
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But when the stability of occasions are struck the gambling market suffers, and profits are put under danger if consumers can not wager with self-confidence.
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And there can have been few 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](https://collegetalks.site/read-blog/11756_how-fantasy-betting-app-development-companies-and-sports-developers.html) Moore observes: "Everyone talks about the [sports betting](https://www.contraband.ch/read-blog/41793_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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 papers."
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Four Pakistan cricketers have actually been questioned by police over spot-fixing claims connecting to a test versus England at Lord's last month.
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Three of these gamers have said 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 banned 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 investigations - not associated 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 greatest online sporting exchanges.
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"If the sport is perceived as sincere, straight and fair that benefits [sports betting](https://chat.app8station.com/read-blog/3367_enhance-your-business-opportunities-with-efficient-sports-apps.html) firms since people will invest cash wagering with confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK regulated [sports betting](https://realhindu.in/read-blog/21356_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) industry ... it is not truly a favorable 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 might have to take care 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](https://wiki.monnaie-libre.fr/wiki/Utilisateur:BrandenFrawley) Law Report conference into [sports betting](https://meebeek.com/read-blog/1090_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the [Professional Players'](https://messengerkivu.com/read-blog/2359_how-much-are-americans-investing-in-sports-betting.html) Federation points out: "The only individuals who can fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://islider.ru/read-blog/37912_online-betting-firms-gamble-on-soccer-mad-nigeria.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 not enough to simply have deterrents, sanctions and disciplinary procedures, but that the method to take on possible problems around players is likewise through education.
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Mr Taylor says guidelines require to be explained clearly to players with clear examples, and by individuals they respect.
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"Through educating players about [sports betting](https://tartar.app/read-blog/1676_sport-betting-industry-wants-to-protect-itself.html) wagering you strengthen stability which remains in everyone's interest," he includes.
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"If gamers are more difficult 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 advice at the Football Association, agrees.
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"Prevention is better than treatment, and we also make a point of telling players 'you are going to be captured'."
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"It is important that sport is directly, and is seen to be directly," he adds.
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"If it loses that then people don't desire to wager, that is not in gambling firms' interests, and it is not in our interests."
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He stated that once a good credibility was lost, the damage to a sport was "incalculable".
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FA guidelines indicate gamers are not enabled to wager on a competitors in which they are involved.
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Mr Johnson says gamers have actually to be seen not to be capitalizing any inside understanding, which he says might cause "brand name damage" to football and its competitors.
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So, even a 2nd 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 get over to players 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 maybe Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control industrial gaming 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 wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://www.fluencycheck.com/894584/the-history-of-the-nfl-and-how-to-bet-on-it) wagering taking location through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting occasion.
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"Such unfaithful has the prospective to undermine the stability of a sport, and it likewise hurts the industrial interests of [sports betting](https://aceme.ink/read-blog/1665_how-to-play-bet9ja-online.html) bodies and [sports betting](http://video.firstkick.live/read-blog/4650_for-sports-gambling-to-be-legalised.html) wagering."
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The commission has developed an in-house [Sports Betting](https://mxlinkin.mimeld.com/read-blog/687_compare-amp-review-oddsjet-de.html) Intelligence Unit to get and distribute information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://social.engagepure.com/read-blog/804_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html)," he says.
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"We will signal [sports betting](https://energypowerworld.co.uk/read-blog/144393_start-off-winning-with-pcg-college-football-picks.html) of our concerns, to help avoid or cut [illegal] activity"
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In May 2010, the commission likewise 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 period there has actually been just one prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous investigations, which much helpful details has actually likewise been passed to [sports betting](https://youslade.com/read-blog/41354_things-you-need-to-learn-about-rafting-adventures.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:Ferne21429689) governing bodies take the lead".
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Meanwhile, he states many of those seeking to cheat the [sports betting](http://woorichat.com/read-blog/10318_online-betting-firms-gamble-on-soccer-mad-nigeria.html) market were experienced about [sports betting](https://mixup.wiki/index.php/User:WadeConnibere04) and sporting individuals, and about wagering operations and the movement of money.
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"They look for out the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://letustalk.co.in/read-blog/11493_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.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 content of external websites.
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