From a05a09ab0e47a824333280a6693a7d07c7cd5315 Mon Sep 17 00:00:00 2001 From: lesleewarrick Date: Mon, 30 Dec 2024 16:27:26 -0600 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md 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..244ce2c --- /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 reporter, BBC News
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[sports betting](https://globalairgunner.com/read-blog/20090_for-sports-gambling-to-be-legalised.html) on sport is big company.
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Sport England estimates the worth of spending on sport-related [sports betting](https://www.social.united-tuesday.org/read-blog/19472_sports-minister-tracey-crouch-resigns-over-039-hold-up-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 likely to have grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study firm Sport & Markt estimates the total international [sports betting](http://ccrr.ru/read-blog/20847_the-history-of-the-nfl-and-how-to-bet-on-it.html) market will deserve 263[bn euros](https://www.social.united-tuesday.org/read-blog/19460_compare-amp-review-oddsjet-de.html) (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://surgiteams.com/index.php/User:MillardDaws6) gambling.
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But when the stability of occasions are struck the gaming market suffers, and earnings are put under threat if clients 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://oolibuzz.com/read-blog/41661_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) gambling market now.
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"Not just is it a substantial market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing claims connecting to a test against England at Lord's last month.
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Three of these players have actually 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 champ John Higgins was cleared of match-fixing accusations, however was prohibited recently for 6 months for stopping working to report the unlawful method to him to toss frames.
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There are likewise 2 other continuing examinations - unrelated 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 greatest online sporting exchanges.
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"If the sport is perceived as honest, straight and fair that benefits [sports betting](https://clik.social/read-blog/18988_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) companies since people will spend cash wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK managed [sports betting](https://squishmallowswiki.com/index.php/User:KourtneyNiland) market ... it is not really a favorable story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may need 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](https://genzkenya.co.ke/read-blog/85_for-sports-gambling-to-be-legalised.html) Law Report conference into [sports betting](https://www.heesah.com/read-blog/2119_sport-betting-industry-wants-to-protect-itself.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As 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 males and women in 15 [sports betting](https://bytes-the-dust.com/index.php/User:MargeryKroeger7) 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 inadequate to merely have deterrents, sanctions and disciplinary treatments, but that the method to tackle possible issues around gamers is also through education.
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Mr Taylor states rules need to be described plainly to gamers with clear examples, and by people they appreciate.
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"Through informing gamers about [sports betting](https://www.grandtribunal.org/wiki/User:Brad415495860) you strengthen stability which is in everyone's interest," he adds.
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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 regulatory legal advice at the Football Association, agrees.
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"Prevention is much 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 straight, and is seen to be directly," he includes.
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"If it loses that then people do not desire to bet, that is not in gaming firms' interests, and it is not in our interests."
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He stated that as soon as an excellent credibility was lost, the damage to a sport was "incalculable".
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FA guidelines suggest gamers are not permitted to wager on a competitors in which they are involved.
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Mr Johnson says players need to be seen not to be capitalizing any inside understanding, which he states might cause "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 need to get over to players the reputational risk 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" technique, then perhaps Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control commercial gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread [sports betting](https://lets.chchat.me/read-blog/1792_why-every-cricket-fan-must-try-the-all-cricket-id-gaming-platform.html), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://d9talks.site/read-blog/1245_things-you-need-to-learn-about-rafting-adventures.html) wagering occurring 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 damages the commercial interests of [sports betting](https://wow.t-mobility.co.il/read-blog/21_how-to-attract-users-to-my-fantasy-sports-platform.html) bodies and [sports betting](https://higgledy-piggledy.xyz/index.php/User:ClintCammack261)."
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The commission has established an internal [Sports Betting](https://customerscomm.com/read-blog/3714_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.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 considerable insight into world of corrupt [sports betting](https://lets.chchat.me/read-blog/1839_how-much-are-americans-investing-in-sports-betting.html) wagering," he states.
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"We will signal [sports betting](https://innovator24.com/read-blog/23442_just-how-much-are-americans-investing-in-sports-betting.html) of our issues, to help prevent or cut [prohibited] activity"
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In May 2010, the commission likewise 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 duration 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 states there are still eight continuous investigations, and that much useful details has likewise been passed to [sports betting](https://uptoscreen.com/read-blog/74178_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://wow.twinear.com/read-blog/1009_things-you-need-to-understand-about-rafting-adventures.html) governing bodies take the lead".
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Meanwhile, he states much of those seeking to cheat the [sports betting](https://connectingsparks.com/read-blog/25122_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) market were educated about [sports betting](https://www.yewiki.org/User:DrewRayford) and sporting people, and about [sports betting](https://sansaadhan.ipistisdemo.com/read-blog/20654_things-you-need-to-understand-about-rafting-adventures.html) operations and the motion of money.
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"They look for out the vulnerabilities of these to help in their enterprises."
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Related web links
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World [sports betting](https://www.athleticzoneforum.com/read-blog/753_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Law Report
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ICC
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Professional Players Federation
[bit.ly](https://bit.ly/AviatorGameOnlineBET9JA) +
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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