commit 58abf4762fed3ee663ebfddef4d6518cadee24ee Author: gisellereinoso Date: Wed Jan 1 06:16:12 2025 +0300 Add 'Sport Betting Industry Aims To Protect Itself' 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..b64d9f8 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering market wants 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://social.midnightdreamsreborns.com/read-blog/13190_just-how-much-are-americans-spending-on-sports-betting.html) on sport is big company.
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Sport England estimates the value of spending on sport-related [sports betting](https://nuo18.lt/read-blog/68713_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) 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 actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research firm Sport & Markt estimates the total international betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://mysuccessdarpan.com/read-blog/12326_enhance-your-business-opportunities-with-efficient-sports-apps.html) gambling.
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But when the stability of events are struck the gaming industry suffers, and revenues are put under hazard if customers can not wager with confidence.
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And there can have been few higher-profile sport wagering 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 speak about the [sports betting](https://web-chat.cloud/question2answer/index.php?qa=40738&qa_1=sports-minister-tracey-crouch-resigns-over-betting-crackdown) gambling market now.
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"Not only is it a considerable market in world organization, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing claims associating with a test against England at Lord's last month.
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Three of these players 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 champ John Higgins was cleared of match-fixing accusations, but was prohibited last week for six months for failing to report the unlawful technique to him to toss frames.
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There are also two other continuing investigations - unrelated 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 is great for [sports betting](https://pipewiki.org/wiki/index.php/User:DevonCosta) companies since people will invest money wagering with confidence," he says.
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"If you take the Pakistan allegations, although unrelated to the UK managed [sports betting](https://droidt99.com/read-blog/6997_how-to-play-bet9ja-online.html) market ... it is not actually a positive story for [sports betting](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:RamonWrixon34) in the UK.
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"That is because the perception is that 'cricket is now something we might have to beware 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 professionals at a World [sports betting](https://unightlifetalk.site/read-blog/2618_how-are-betting-odds-calculated.html) Law Report conference into [sports betting](http://www.seferpanim.com/read-blog/382_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.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 competitors or the referee."
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His organisation represents guys and ladies in 15 [sports betting](https://wiki.ragnaworld.net/index.php?title=User:CherylGuido3580) 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 merely have deterrents, sanctions and disciplinary treatments, however that the method to tackle possible concerns around players is likewise through education.
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Mr Taylor says rules require to be described plainly to players with clear examples, and by people they appreciate.
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"Through informing players about [sports betting](https://app.theremoteinternship.com/read-blog/25807_just-how-much-are-americans-spending-on-sports-betting.html) wagering you reinforce stability and that remains in everyone's interest," he adds.
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"If players 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 guidance at the Football Association, agrees.
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"Prevention is better than cure, and we likewise make a point of telling gamers 'you are going to be caught'."
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"It is important that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals do not desire to bet, that is not in gambling firms' interests, and it is not in our interests."
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He said that as soon as a good was lost, the damage to a sport was "incalculable".
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FA rules suggest players are not enabled to bet on a competition in which they are included.
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Mr Johnson states gamers have to be seen not to be cashing in on any inside knowledge, which he says could trigger "brand name damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to gamers the reputational threat to the game," he says. "Once confidence has actually been damaged it is difficult 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 set up under the Gambling Act 2005 to manage commercial [sports betting](https://dev.fleeped.com/read-blog/49_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread [sports betting](https://loveyou.az/read-blog/18271_the-ins-and-outs-of-betting-on-the-nfl-draft.html), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://namesdev.com/read-blog/15205_things-you-need-to-know-about-rafting-adventures.html) taking location 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 cheating has the potential to weaken the integrity of a sport, and it likewise harms the business interests of [sports betting](https://www.proathletediscuss.com/read-blog/419_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) bodies and [sports betting](https://sabiile.com/read-blog/2106_how-are-betting-odds-calculated.html) wagering."
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The commission has established an internal [Sports Betting](https://gayplatform.de/read-blog/3547_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Intelligence Unit to get and share information to sporting authorities, [sports betting](https://jamboz.com/read-blog/181_the-ins-and-outs-of-betting-on-the-nfl-draft.html) companies and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://nbc.co.uk/read-blog/41_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html)," he states.
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"We will alert [sports betting](https://woodsrunners.com/index.php/User:Vivian16Z7265) of our issues, to help avoid or cut [prohibited] activity"
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In May 2010, the commission likewise introduced 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 been simply one criminal prosecution, a 24-year-old guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous examinations, and that much helpful details has actually also been passed to [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:NickBrass4945) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would consider discontinuing a criminal examination "in favour of letting [sports betting](https://demo.shoudyhosting.com/qtoa/?qa=86959/sports-minister-tracey-crouch-resigns-delay-betting-crackdown) governing bodies take the lead".
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Meanwhile, he states a number of those aiming to cheat the [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:DemiElmer2043) wagering industry were knowledgeable about [sports betting](http://www.seferpanim.com/read-blog/388_for-sports-gambling-to-be-legalised.html) and sporting individuals, and about [sports betting](https://sundaycareers.com/read-blog/2627_online-betting-firms-gamble-on-soccer-mad-nigeria.html) operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://collegetalks.site/read-blog/11744_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) Law Report
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ICC
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Professional Players Federation
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Professional Footballers' Association
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
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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