From 1e3e651e358870624b6ab25cb3c72427969f14c2 Mon Sep 17 00:00:00 2001 From: kelleewhitmire Date: Thu, 2 Jan 2025 18:57:00 +0800 Subject: [PATCH] Add 'Sport Betting Industry Looks To Protect Itself' --- ...etting-Industry-Looks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 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..a468dbc --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market aims to protect 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://www.heesah.com/read-blog/2284_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) on sport is huge business.
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Sport England estimates the value of costs on sport-related [sports betting](https://hcsxy2024.com/read-blog/2035_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is 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 international gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://ozgurtasdemir.net/read-blog/535_the-ins-and-outs-of-betting-on-the-nfl-draft.html) gambling.
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But when the integrity of occasions are hit the gaming market suffers, and profits are put under hazard if customers can not bet with confidence.
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And there can have been couple of higher-profile sport betting 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 talks about the [sports betting](https://social.vetmil.com.br/read-blog/15510_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) gambling 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 newspapers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations connecting to a test versus England at Lord's last month.
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Three of these players have stated they will likewise 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 allegations, but was banned last week for 6 months for stopping working to report the illegal technique to him to throw frames.
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There are likewise two 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 biggest online sporting exchanges.
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"If the sport is viewed as truthful, straight and fair that is great for wagering companies because individuals will spend cash betting with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated betting market ... it is not actually a positive story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we may need 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 experts at a World [sports betting](https://heatwave.app/read-blog/539_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) Law into [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:MerryMoen4) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can repair a match are the rivals or the referee."
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His organisation represents males and ladies in 15 [sports betting](https://www.heesah.com/read-blog/2209_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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 treatments, however that the way to tackle potential issues around gamers is likewise through education.
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Mr Taylor says guidelines require to be described clearly to players with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](https://mixup.wiki/index.php/User:CyrilGustafson0) you enhance integrity and that is in everyone'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 regulative legal guidance at the Football Association, agrees.
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"Prevention is much better than cure, and we likewise make a point of telling players 'you are going to be captured'."
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"It is imperative that sport is directly, and is seen to be straight," he includes.
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"If it loses that then individuals do not want to bet, that is not in [sports betting](https://ozgurtasdemir.net/read-blog/535_the-ins-and-outs-of-betting-on-the-nfl-draft.html) companies' interests, and it is not in our interests."
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He said that as soon as an excellent credibility was lost, the damage to a sport was "enormous".
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FA guidelines mean gamers are not allowed 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 capitalizing any inside understanding, which he states might 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 fall can not bet on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to players the reputational danger to the 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" method, then perhaps Nick Tofiluk, director of policy 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://social.vetmil.com.br/read-blog/15461_things-you-need-to-know-about-rafting-adventures.html) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://www.tobeop.com/the-ins-and-outs-of-betting-on-the-nfl-draft-2/) wagering taking location through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting occasion.
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"Such cheating has the potential to weaken the integrity of a sport, and it likewise hurts the business interests of [sports betting](http://chillibell.com/read-blog/478_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) bodies and [sports betting](https://superappsocial.com/read-blog/1536_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering."
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The commission has actually established an in-house [Sports Betting](https://www.jaitun.com/read-blog/15179_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Intelligence Unit to get and share information 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://origintraffic.com/read-blog/1699_how-fantasy-betting-app-development-companies-and-sports-developers.html)," he states.
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"We will signal [sports betting](https://www.tobeop.com/tennessee-sports-betting-top-4-legal-betting-sites-in-2024/) of our concerns, to help prevent or reduce [unlawful] activity"
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In May 2010, the commission also presented a personal telephone hotline for those with info or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has 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 says there are still eight continuous examinations, which much beneficial info has likewise been passed to [sports betting](https://redmonde.es/read-blog/185_for-sports-gambling-to-be-legalised.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would think about discontinuing a criminal investigation "in favour of letting [sports betting](https://twoplustwoequal.com/read-blog/58999_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) governing bodies take the lead".
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Meanwhile, he says much of those aiming to cheat the [sports betting](https://drapia.org/11-WIKI/index.php/User:JulioAmmons388) market were knowledgeable about [sports betting](https://heatwave.app/read-blog/389_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) and sporting individuals, and about [sports betting](https://trackrecord.id/read-blog/1983_things-you-need-to-know-about-rafting-adventures.html) operations and the movement of money.
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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://wiki.asexuality.org/w/index.php?title=User_talk:BlancheMonahan6) 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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