commit 466e0d5cd9399c611892ea491c7f3946dd24294b Author: elmot359350693 Date: Tue Dec 31 06:47:14 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..2947d62 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport betting market looks to protect 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://nana22.com/read-blog/2754_enhance-your-business-opportunities-with-efficient-sports-apps.html) on sport is huge organization.
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Sport England estimates the worth of spending on sport-related gaming 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 approximates the overall international gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://naijamatta.com/read-blog/34691_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html).
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But when the stability of events are struck the [sports betting](https://social.instinxtreme.com/read-blog/13726_online-betting-firms-gamble-on-soccer-mad-nigeria.html) industry suffers, and revenues are put under danger if customers can not wager 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 talks about the [sports betting](https://seenoor.com/read-blog/433_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling market now.
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"Not just is it a substantial market in world business, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing claims associating with a test against England at Lord's last month.
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Three of these players have stated 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 champion John Higgins was cleared of match-fixing claims, however was prohibited last week for six months for failing to report the illegal method to him to throw frames.
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There are also two other continuing examinations - 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 viewed as honest, straight and reasonable that benefits wagering companies because people will spend money wagering with self-confidence," he says.
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"If you take the Pakistan allegations, although unrelated to the UK controlled betting industry ... it is not actually a favorable story for [sports betting](https://youtoosocialnetwork.com/read-blog/1295_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we might need 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 experts at a World [sports betting](https://truthbook.social/read-blog/8394_things-you-need-to-understand-about-rafting-adventures.html) Law Report conference into [sports betting](https://myquora.myslns.com/index.php?qa=39737&qa_1=things-you-need-to-learn-about-rafting-adventures) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "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](http://video.firstkick.live/read-blog/4650_for-sports-gambling-to-be-legalised.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He thinks that it is not sufficient to simply have deterrents, sanctions and disciplinary treatments, however that the way to deal with potential concerns around gamers 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 gamers about [sports betting](https://skylockr.app/read-blog/192_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) you strengthen 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 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 better than cure, and we likewise make a point of telling players 'you are going to be caught'."
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"It is vital that sport is straight, and is seen to be directly," he includes.
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"If it loses that then people do not wish 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 a good credibility was lost, the damage to a sport was "incalculable".
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FA rules imply players are not allowed to bet on a competition in which they are included.
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Mr Johnson states players have to be seen not to be capitalizing any inside understanding, which he states could trigger "brand name damage" to football and its competitions.
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So, even a 2nd Division player knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to gamers the reputational risk to the game," he says. "Once self-confidence has 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 maybe Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to regulate industrial gambling in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread [sports betting](https://sensualmarketplace.com/read-blog/6400_the-ins-and-outs-of-betting-on-the-nfl-draft.html), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://octomo.co.uk/read-blog/6566_things-you-need-to-learn-about-rafting-adventures.html) occurring through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
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"Such unfaithful has the to undermine the stability of a sport, and it also hurts the industrial interests of [sports betting](https://sfqatest.sociofans.com/read-blog/710_things-you-need-to-know-about-rafting-adventures.html) bodies and [sports betting](https://wavedream.wiki/index.php/User:AmadoBevill93)."
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The commission has actually established an in-house [Sports Betting](https://octomo.co.uk/read-blog/6522_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) Intelligence Unit to get and share information to sporting authorities, [sports betting](https://hcsxy2024.com/read-blog/2053_things-you-need-to-learn-about-rafting-adventures.html) firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](http://woorichat.com/read-blog/10318_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering," he says.
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"We will alert [sports betting](https://twixxor.com/read-blog/8915_for-sports-gambling-to-be-legalised.html) of our concerns, to assist avoid or cut [illegal] 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 duration there has been just one prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous examinations, which much useful information has actually also been passed to [sports betting](https://si-sudagro.net/cdc-hiruak/index.php?qa=152981&qa_1=warner-bros-discovery-sets-stage-for-potential-cable-deal-by) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost reliable, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://netgork.com/read-blog/110151_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) governing bodies take the lead".
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Meanwhile, he says a number of those looking to cheat the [sports betting](https://tartar.app/read-blog/1676_sport-betting-industry-wants-to-protect-itself.html) industry were educated about [sports betting](https://chateando.net/read-blog/217_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) and sporting people, and about [sports betting](http://video.firstkick.live/read-blog/4660_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) operations and the movement of money.
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"They look for out the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](http://ringturbine.com:80/index.php/User:KaleyTomkinson) 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 responsible for the content of external websites.
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