commit 3df1b379840c88c21206a9ed0593965e959c232e Author: vincentmelson Date: Mon Dec 30 23:36:15 2024 +0300 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..6a69dad --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering market 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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Betting on sport is .
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Sport England estimates the worth of spending on sport-related [sports betting](https://aceme.ink/read-blog/1716_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is most likely to have grown even more, 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 estimates the general worldwide gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://www.seferpanim.com/read-blog/361_start-winning-with-pcg-college-football-picks.html) gambling.
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But when the stability of events are struck the gambling industry suffers, and revenues are put under risk if consumers can not bet with confidence.
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And there can have been couple of 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://social.engagepure.com/read-blog/834_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 newspapers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing allegations connecting to a test against England at Lord's last month.
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Three of these players have said they will also 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, however was prohibited recently for six months for failing to report the unlawful approach 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, one of the UK's most significant online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits [sports betting](https://twoplustwoequal.com/read-blog/58984_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) companies because people will invest cash [sports betting](https://farmwoo.com/read-blog/9557_enhance-your-business-opportunities-with-efficient-sports-apps.html) with confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK managed wagering industry ... it is not actually a favorable story for [sports betting](https://wiki.vifm.info/index.php/User:LorrieCorser) in the UK.
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"That is since the perception is that 'cricket is now something we might have to be mindful 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 specialists at a World [sports betting](https://ai.tienda/read-blog/7270_just-how-much-are-americans-investing-in-sports-betting.html) Law Report conference into [sports betting](https://globalairgunner.com/read-blog/20336_just-how-much-are-americans-investing-in-sports-betting.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only people who can fix a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://jamboz.com/read-blog/154_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.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 insufficient to merely have deterrents, sanctions and disciplinary procedures, but that the way to tackle possible issues around players is also through education.
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Mr Taylor states guidelines need to be described clearly to gamers with clear examples, and by people they appreciate.
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"Through educating gamers about [sports betting](https://mgnm.uk/read-blog/3109_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) you enhance stability and that 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, agrees.
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"Prevention is much better than treatment, and we likewise make a point of telling players 'you are going to be caught'."
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"It is imperative that sport is straight, and is seen to be directly," he includes.
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"If it loses that then people don't want to bet, that is not in gambling companies' interests, and it is not in our interests."
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He stated that once a great credibility was lost, the damage to a sport was "enormous".
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FA guidelines mean gamers are not allowed to bank on a competitors in which they are included.
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Mr Johnson states gamers need to be seen not to be cashing in on any inside knowledge, which he states might trigger "brand name damage" to football and its competitors.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not bet on a Manchester United v Chelsea cup final the following spring.
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"We need to overcome to gamers the reputational threat 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 possibly 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 industrial gambling in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://hcsxy2024.com/read-blog/2053_things-you-need-to-learn-about-rafting-adventures.html), which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:PhillipEklund) happening 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 cheating has the prospective to weaken the stability of a sport, and it also damages the industrial interests of [sports betting](https://truthbook.social/read-blog/8351_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) bodies and [sports betting](https://uptoscreen.com/read-blog/74278_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://alumni.myra.ac.in/read-blog/148588_for-sports-gambling-to-be-legalised.html) Intelligence Unit to get and disseminate info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://bbarlock.com/index.php/User:BeatrisK33)," he says.
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"We will signal [sports betting](http://video.firstkick.live/read-blog/4656_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of our concerns, to assist prevent or cut [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 simply one criminal prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous examinations, and that much useful information has likewise been passed to [sports betting](https://fishtanklive.wiki/User:DeniceRidley984) authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://www.yewiki.org/User:Louisa23K1) governing bodies take the lead".
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Meanwhile, he says a lot of those looking to cheat the [sports betting](https://uptoscreen.com/read-blog/74240_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) industry were knowledgeable about [sports betting](https://cheere.org/read-blog/36300_the-history-of-the-nfl-and-how-to-bank-on-it.html) and sporting people, and about wagering 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://redmonde.es/read-blog/111_how-much-are-americans-investing-in-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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) \ No newline at end of file