From e1e3af4e87f4cfb63e0afe8aa05fbee5bf69228d Mon Sep 17 00:00:00 2001 From: leonieroberson Date: Tue, 31 Dec 2024 00:18:34 +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..7951c60 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
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 reporter, BBC News
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[sports betting](https://taar.me/read-blog/8456_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) on sport is substantial business.
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Sport England approximates the worth of spending on sport-related [sports betting](http://it-viking.ch/index.php/User:MaudeStanford27) 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 further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study company Sport & Markt estimates the general worldwide [sports betting](https://theconnectly.com/read-blog/4149_just-how-much-are-americans-spending-on-sports-betting.html) market will be worth 263[bn euros](https://learn.ivlc.com/read-blog/44_for-sports-gambling-to-be-legalised.html) (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://jamboz.com/read-blog/154_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) gaming.
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But when the stability of events are struck the gambling market suffers, and incomes are put under threat if clients can not wager with 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 Moore observes: "Everyone talks about the [sports betting](https://sensualmarketplace.com/read-blog/6553_things-you-need-to-learn-about-rafting-adventures.html) 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 papers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing accusations connecting to 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 versus the trio by the sport governing body the International Cricket Council.
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Meanwhile, three-times snooker world champ John Higgins was cleared of match-fixing accusations, but was banned last week for 6 months for failing to report the prohibited method to him to throw frames.
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There are likewise 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 most significant online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that is excellent for [sports betting](https://surgiteams.com/index.php/User:MillardDaws6) companies since individuals will invest cash wagering with confidence," he states.
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"If you take the Pakistan claims, although unassociated to the UK managed wagering market ... it is not really a positive story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may 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 professionals at a World [sports betting](https://www.amedaychats.com/read-blog/780_sport-betting-industry-looks-to-protect-itself.html) Law Report conference into [sports betting](https://globalunitedspirits.com/read-blog/3467_things-you-need-to-learn-about-rafting-adventures.html) gambling, the focus needs to be on sportspersons 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 competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://lidoo.com.br/read-blog/12969_how-are-betting-odds-calculated.html) 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 inadequate to simply have deterrents, sanctions and disciplinary procedures, however that the method to take on potential problems around gamers is likewise through education.
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Mr Taylor states rules need to be described clearly to players with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://farmwoo.com/read-blog/9557_enhance-your-business-opportunities-with-efficient-sports-apps.html) wagering you strengthen integrity and that is in everyone's interest," he includes.
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"If players 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 regulative legal suggestions at the Football Association, agrees.
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"Prevention is better than cure, and we also make a point of telling players 'you are going to be captured'."
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"It is essential that sport is directly, and is seen to be directly," he includes.
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"If it loses that then individuals do not want to wager, that is not in gambling firms' interests, and it is not in our interests."
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He said that once a great credibility was lost, the damage to a sport was "incalculable".
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FA rules imply players are not permitted to bet on a competition in which they are included.
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Mr Johnson states players have to be seen not to be cashing in on any inside understanding, which he says might cause "brand damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not bank 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 video game," he says. "Once confidence has been harmed 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 policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to manage business gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all [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:AnibalGlockner) in the UK apart from spread [sports betting](https://reckoningz.com/things-you-need-to-know-about-rafting-adventures/), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://twoplustwoequal.com/read-blog/58969_compare-amp-review-oddsjet-de.html) wagering occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it likewise hurts the interests of [sports betting](https://www.drawlfest.com/read-blog/12529_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) bodies and [sports betting](https://youfurry.com/read-blog/37999_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html)."
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The commission has actually developed an in-house [Sports Betting](https://coptr.digipres.org/index.php/User:ZacSanor4211200) Intelligence Unit to get and distribute information to sporting authorities, [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:LucaWarby634) firms and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://myquora.myslns.com/index.php?qa=39844&qa_1=how-much-are-americans-investing-in-sports-betting) wagering," he states.
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"We will notify [sports betting](https://www.grandtribunal.org/wiki/User:FlorianBlackwell) of our concerns, to help avoid or reduce [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 period there has been simply one prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, and that much beneficial information has actually also been passed to [sports betting](https://profesional.id/read-blog/113_compare-amp-review-oddsjet-de.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost reliable, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://islider.ru/read-blog/37912_online-betting-firms-gamble-on-soccer-mad-nigeria.html) governing bodies take the lead".
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Meanwhile, he says a lot of those looking to cheat the [sports betting](https://palkwall.com/read-blog/27707_how-are-betting-odds-calculated.html) wagering industry were experienced about [sports betting](https://taar.me/read-blog/8448_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) and sporting people, and about [sports betting](https://squishmallowswiki.com/index.php/User:RichCallaghan80) operations and the movement of cash.
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"They look for the vulnerabilities of these to assist in their enterprises."
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Related internet links
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World [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:DarinCespedes) 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 material of external sites.
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