commit 727c63c9122cd8ba70cefc7f618cf88dfe3a385a Author: wallacepreciad Date: Tue Dec 17 19:50:17 2024 +0000 Add Sport Betting Industry Wants To Protect Itself diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..32a9ab8 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
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](http://t-salon-de-jun.com/board/5768772) on sport is huge organization.
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Sport England estimates the value of spending on sport-related gambling 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 further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt approximates the total global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://olympiquelyonnaisfansclub.com/read-blog/14808_sport-betting-industry-looks-to-protect-itself.html).
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But when the integrity of events are hit the gaming market suffers, and earnings are put under hazard if consumers can not wager with confidence.
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And there can have been few higher-profile sport [sports betting](http://woorichat.com/read-blog/10294_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) stories than those affecting cricket and snooker this year.
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High-profile
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As Sport & [Markt's Gareth](https://infosocial.top/read-blog/4019_things-you-need-to-learn-about-rafting-adventures.html) Moore observes: "Everyone talks about the [sports betting](https://www.yewiki.org/User:NJRJanette) gambling market now.
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"Not only is it a significant market in world business, 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 claims relating to a test against England at Lord's last month.
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Three of these players have actually said they will also 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 illegal technique to him to toss 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 biggest online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that benefits [sports betting](http://www.mizmiz.de/read-blog/77284_how-to-play-bet9ja-online.html) companies due to the fact that people will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK controlled wagering industry ... it is not actually a for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we may have to be cautious 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://wow.twinear.com/read-blog/989_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Law Report conference into [sports betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:ShaunDuesbury58) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can repair a match are the competitors or the referee."
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His organisation represents men and females in 15 [sports betting](https://wiki.armello.com/index.php/User:AshleeMcCasland) 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 not enough to merely 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 require to be discussed clearly to players with clear examples, and by individuals they respect.
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"Through educating gamers about [sports betting](https://ai.tienda/read-blog/7239_for-sports-gambling-to-be-legalised.html) you reinforce integrity which 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 remedy, and we also make a point of informing 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 people don't wish to wager, that is not in gaming companies' interests, and it is not in our interests."
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He said that once a good credibility was lost, the damage to a sport was "incalculable".
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FA guidelines mean players are not permitted to bet on a competitors in which they are included.
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Mr Johnson states players have actually to be seen not to be cashing in on any inside knowledge, which he states could trigger "brand 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](https://olympiquelyonnaisfansclub.com/read-blog/14825_for-sports-gambling-to-be-legalised.html) cup last the following spring.
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"We need to get over to players the reputational danger to the video game," he says. "Once self-confidence has actually been damaged it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, then maybe 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 manage business gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all [sports betting](https://dev.fleeped.com/read-blog/55_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://werderbremenfansclub.com/read-blog/14049_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.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 unfaithful has the prospective to undermine the stability of a sport, and it also harms the industrial interests of [sports betting](https://naijamatta.com/read-blog/34666_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://www.hb9lc.org/wiki/index.php/User:KayleighKmd)."
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The commission has developed an internal [Sports Betting](https://infinirealm.com/read-blog/8240_missouri-sports-betting-ballot-measure-approved-by-voters.html) Intelligence Unit to get and share info to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://woodsrunners.com/index.php/User:ZWTBarney3)," he states.
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"We will signal [sports betting](https://grade1d.smaportal.ae/read-blog/2402_sport-betting-industry-looks-to-protect-itself.html) of our issues, to help prevent or cut [illegal] activity"
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In May 2010, the commission likewise introduced a confidential 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 male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous examinations, and that much helpful information has likewise been passed to [sports betting](http://www.yasunli.co.id/Yasunli/wikipedia/index.php/Pengguna:JeremiahStrong) 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 think about stopping a criminal examination "in favour of letting [sports betting](https://mixup.wiki/index.php/User:UVZPrincess) governing bodies take the lead".
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Meanwhile, he says much of those wanting to cheat the [sports betting](http://www.yasunli.co.id/Yasunli/wikipedia/index.php/Pengguna:Finlay75L240) industry were knowledgeable about [sports betting](https://app.theremoteinternship.com/read-blog/25781_how-to-attract-users-to-my-fantasy-sports-platform.html) and sporting individuals, and about wagering operations and the movement of cash.
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"They look for the [vulnerabilities](https://wiki.vst.hs-furtwangen.de/wiki/User:Jackson6145) of these to assist in their enterprises."
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Related internet links
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World [sports betting](https://wiki.streampy.at/index.php?title=User:AdalbertoHenry) 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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