commit 077fecaccf32ea56c6f65f810905c34b65f074cd Author: rosalinephares Date: Wed Dec 25 00:42:01 2024 +0000 Add Sport Betting Industry Looks To Protect Itself 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..4622cef --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering industry looks 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://personal.spaces.one/read-blog/3111_the-ins-and-outs-of-betting-on-the-nfl-draft.html) on sport is big business.
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Sport England estimates 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 likely to have actually grown even more, with an approximated ₤ 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 international gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://peoplesmedia.co/read-blog/12446_how-to-play-bet9ja-online.html) gaming.
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But when the stability of events are struck the gaming industry suffers, and profits are put under hazard if clients can not wager with self-confidence.
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And there can have been couple of 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 speak about the [sports betting](https://iuridictum.pecina.cz/w/U%C5%BEivatel:Eileen11R53565) 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 papers."
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Four Pakistan cricketers have been questioned by police over spot-fixing allegations connecting to 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 allegations, but was prohibited last week for six months for failing to report the illegal method to him to toss frames.
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There are likewise 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, one of the UK's biggest online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that benefits wagering firms due to the fact that individuals will invest money [sports betting](https://online-learning-initiative.org/wiki/index.php/User:MerryCurrie02) with self-confidence," he says.
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"If you take the Pakistan allegations, although unassociated to the UK regulated wagering industry ... it is not really a positive story for betting in the UK.
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"That is since 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 avoid future scandals?
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According to experts at a World [sports betting](http://woorichat.com/read-blog/10290_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Law Report conference into [sports betting](https://nexthub.live/read-blog/73_for-sports-gambling-to-be-legalised.html) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can fix a match are the rivals or the referee."
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His organisation represents men and ladies in 15 [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:JoshTolliver4) 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 insufficient to simply have deterrents, sanctions and disciplinary procedures, but that the method to deal with possible problems around players is also through education.
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Mr Taylor states guidelines need to be discussed plainly to gamers with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://afrocinema.org/read-blog/42598_things-you-need-to-learn-about-rafting-adventures.html) you reinforce integrity which remains in everyone's interest," he adds.
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"If gamers are harder 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 recommendations at the Football Association, concurs.
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"Prevention is better than treatment, and we also make a point of informing gamers 'you are going to be captured'."
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"It is essential that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals don't desire to bet, that is not in gaming firms' interests, and it is not in our interests."
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He stated that when a great credibility was lost, the damage to a sport was "enormous".
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FA rules suggest gamers are not permitted to wager on a competitors in which they are involved.
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Mr Johnson states players need to be seen not to be capitalizing any inside knowledge, which he states could cause "brand name damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational danger to the video game," he says. "Once confidence has actually been harmed it is difficult 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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to regulate industrial gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all in the UK apart from spread [sports betting](https://wiki.armello.com/index.php/User:InezSchoonover), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://cosplaybook.de/read-blog/6711_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering taking place 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 result of a sporting event.
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"Such cheating has the potential to weaken the stability of a sport, and it also harms the commercial interests of [sports betting](https://18plus.fun/read-blog/11_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) bodies and [sports betting](https://connectingsparks.com/read-blog/25141_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering."
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The commission has actually developed an internal [Sports Betting](https://sfqatest.sociofans.com/read-blog/640_things-you-need-to-know-about-rafting-adventures.html) Intelligence Unit to get and distribute info to sporting authorities, [sports betting](https://loveyou.az/read-blog/17522_begin-winning-with-pcg-college-football-picks.html) firms and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://sansaadhan.ipistisdemo.com/read-blog/20692_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) wagering," he says.
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"We will inform [sports betting](https://pipewiki.org/wiki/index.php/User:DorieF13581) of our concerns, to help prevent or curtail [illegal] activity"
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In May 2010, the commission also presented a personal telephone hotline for those with information 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 man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous examinations, which much useful info has actually also been passed to [sports betting](http://archmageriseswiki.com/index.php/User:TraciKnaggs0) authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would think about stopping a criminal investigation "in favour of letting [sports betting](http://woorichat.com/read-blog/10229_how-to-play-bet9ja-online.html) governing bodies take the lead".
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Meanwhile, he says numerous of those aiming to cheat the [sports betting](https://higgledy-piggledy.xyz/index.php/User:Lupita2850) wagering industry were experienced about [sports betting](http://www.seferpanim.com/read-blog/370_online-betting-firms-gamble-on-soccer-mad-nigeria.html) and sporting people, 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 enterprises."
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Related internet links
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World [sports betting](https://dev.fleeped.com/read-blog/84_just-how-much-are-americans-spending-on-sports-betting.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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