commit ffcf7d066d418c5c282813b8963170c342bd94cc Author: martigeneff758 Date: Wed Dec 18 07:21:32 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..04a0fc6 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport betting market aims to secure 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://wow.t-mobility.co.il/read-blog/26_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) on sport is big organization.
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Sport England approximates the worth of spending 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 most likely to have grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study firm Sport & Markt estimates the general global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/User:IndianaDiederich) gaming.
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But when the integrity of events are struck the gaming industry suffers, and profits are put under hazard if customers can not bet with self-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 discuss the [sports betting](https://flowsocial.xyz/read-blog/574_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) 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 papers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations associating with 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 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 allegations, however was prohibited recently for 6 months for stopping working to report the unlawful 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, among the UK's greatest online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that benefits [sports betting](https://flowsocial.xyz/read-blog/556_online-betting-firms-gamble-on-soccer-mad-nigeria.html) companies due to the fact that people will spend cash wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK regulated betting market ... it is not actually a favorable story for wagering in the UK.
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"That is since the understanding is that 'cricket is now something we might need to take care about'."
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'Education'
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So what can be done to prevent future scandals?
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According to specialists at a World [sports betting](https://stophabits.com/read-blog/25299_how-to-play-bet9ja-online.html) Law Report conference into [sports betting](https://wiki.ragnaworld.net/index.php?title=User:AlisiaStern2), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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His organisation represents men and females in 15 [sports betting](https://wiki.streampy.at/index.php?title=User:LyndaPritchard) 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 inadequate to simply have deterrents, sanctions and disciplinary procedures, however that the method to take on prospective issues around players is likewise through education.
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Mr Taylor says guidelines require to be explained plainly to gamers with clear examples, and by people they respect.
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"Through educating players about [sports betting](https://wiki.sublab.net/index.php?title=User_talk:CoyJww44539) you reinforce stability which is in everybody's interest," he adds.
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"If gamers 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 regulatory legal guidance at the Football Association, concurs.
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"Prevention is much better than cure, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is necessary that sport is straight, and is seen to be straight," he adds.
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"If it loses that then people don't wish to bet, that is not in gaming companies' interests, and it is not in our interests."
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He stated that as soon as a great track record was lost, the damage to a sport was "enormous".
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FA guidelines mean gamers are not enabled to bet on a competitors in which they are involved.
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Mr Johnson states gamers have actually to be seen not to be cashing in on any inside understanding, 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 fall can not bank on a Manchester United v Chelsea cup last the following spring.
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"We need to get over to gamers the reputational threat to the game," he states. "Once confidence has actually been harmed it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, then maybe 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 betting in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://oninabresources.com/how-much-are-americans-investing-in-sports-betting/), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://mxlinkin.mimeld.com/read-blog/667_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) wagering happening through UK operators is legal and reasonable," he says.
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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 possible to weaken the of a sport, and it also harms the commercial interests of [sports betting](http://famedoot.in/read-blog/77_start-off-winning-with-pcg-college-football-picks.html) bodies and [sports betting](https://reckoningz.com/tennessee-sports-betting-top-4-legal-betting-sites-in-2024/) wagering."
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The commission has actually established an in-house [Sports Betting](https://www.sportpassionhub.com/read-blog/1449_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 actually experienced a substantial insight into world of corrupt [sports betting](https://genzkenya.co.ke/read-blog/100_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering," he says.
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"We will inform [sports betting](https://demo.wowonderstudio.com/read-blog/2577_just-how-much-are-americans-investing-in-sports-betting.html) of our issues, to help avoid or reduce [unlawful] activity"
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In May 2010, the commission likewise presented a confidential 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 just one prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing examinations, and that much beneficial information has actually likewise been passed to [sports betting](https://moonifie.com/read-blog/1403_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) 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 consider terminating a criminal investigation "in favour of letting [sports betting](https://social.oneworldonesai.com/read-blog/1622_how-to-attract-users-to-my-fantasy-sports-platform.html) governing bodies take the lead".
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Meanwhile, he states numerous of those looking to cheat the [sports betting](https://eet3122salainf.sytes.net/mediawiki/index.php?title=Usuario:YvetteF6775) market were experienced about [sports betting](https://alumni.myra.ac.in/read-blog/148548_online-betting-firms-gamble-on-soccer-mad-nigeria.html) and sporting individuals, and about [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:Fermin9212) operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://uptoscreen.com/read-blog/74188_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.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 material of external websites.
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