From 3339bd30e2efa0e1bbdf81ca68d50832e53232e1 Mon Sep 17 00:00:00 2001 From: davissomerset Date: Wed, 25 Dec 2024 04:18:39 +0100 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Seeks-To-Protect-Itself.md 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..2524bd3 --- /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 aims to secure itself
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16 September 2010
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
By Bill Wilson
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Business reporter, BBC News
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[sports betting](https://linkin.commoners.in/read-blog/25734_how-are-betting-odds-calculated.html) on sport is big service.
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Sport England estimates the value of spending on sport-related gambling in from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is likely to have grown even more, with an approximated ₤ 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 overall worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://realhindu.in/read-blog/21495_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html).
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But when the [integrity](https://realmadridperipheral.com/read-blog/6396_for-sports-gambling-to-be-legalised.html) of events are hit the [sports betting](https://pipewiki.org/wiki/index.php/User:DorieF13581) market suffers, and earnings are put under threat if clients can not bet with confidence.
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And there can have been couple of higher-profile sport [sports betting](http://bedfordfalls.live/read-blog/113441_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) 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://demo.wowonderstudio.com/read-blog/2543_the-ins-and-outs-of-betting-on-the-nfl-draft.html) gambling market now.
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"Not only is it a substantial market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing allegations relating to a test versus England at Lord's last month.
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Three of these gamers have actually said they will also 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 champion John Higgins was cleared of match-fixing accusations, but was banned last week for six months for failing to report the unlawful method to him to toss 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 perceived as sincere, straight and reasonable that benefits wagering companies because individuals will spend money [wagering](https://jamboz.com/read-blog/148_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) with confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK controlled wagering market ... it is not really a favorable story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we may need to be mindful 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 experts at a World [sports betting](http://touringtreffen.nl/read-blog/2367_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Law Report conference into [sports betting](https://origintraffic.com/read-blog/1665_the-ins-and-outs-of-betting-on-the-nfl-draft.html), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can repair a match are the rivals or the referee."
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His [organisation represents](https://truthbook.social/read-blog/8435_things-you-need-to-learn-about-rafting-adventures.html) males and females in 15 [sports betting](https://infosocial.top/read-blog/4011_online-betting-firms-gamble-on-soccer-mad-nigeria.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 not adequate to simply have deterrents, sanctions and disciplinary procedures, but that the way to tackle possible problems around gamers is also through education.
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Mr Taylor says rules require to be explained clearly to gamers with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://coptr.digipres.org/index.php/User:Latasha9031) you reinforce stability which is in everybody'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 guidance at the Football Association, agrees.
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"Prevention is better than cure, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is necessary that sport is straight, and is seen to be directly," he adds.
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"If it loses that then individuals don't wish to wager, that is not in gambling firms' 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 imply gamers are not [permitted](https://strimsocial.net/read-blog/19016_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) to bank on a competitors in which they are involved.
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Mr Johnson states players have to be seen not to be cashing in on any inside knowledge, which he says might trigger "brand name damage" to football and its competitors.
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So, even a 2nd 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 have to overcome to players the reputational danger to the game," he says. "Once self-confidence has 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" method, then maybe Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The [Gambling Commission](http://video.firstkick.live/read-blog/4648_online-betting-firms-gamble-on-soccer-mad-nigeria.html) was set up under the Gambling Act 2005 to regulate business gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all [sports betting](https://bigtoc.com/read-blog/8947_just-how-much-are-americans-spending-on-sports-betting.html) in the UK apart from spread [sports betting](https://wiki.vifm.info/index.php/User:FranchescaPapst), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://noaisocial.pro/read-blog/2377_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting event.
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"Such cheating has the possible to weaken the stability of a sport, and it also damages the commercial interests of [sports betting](https://travel-friends.net/read-blog/1074_the-history-of-the-nfl-and-how-to-bet-on-it.html) bodies and [sports betting](https://blkbook.blactive.com/read-blog/2312_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) wagering."
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The commission has actually established an in-house [Sports Betting](https://terra.planetv.wtf/read-blog/697_.html) Intelligence Unit to receive and disseminate information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://chatkc.com/read-blog/491_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) wagering," he states.
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"We will signal [sports betting](http://touringtreffen.nl/read-blog/2408_how-fantasy-betting-app-development-companies-and-sports-developers.html) of our issues, to help prevent or curtail [prohibited] activity"
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In May 2010, the commission likewise introduced a confidential 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 period there has been just one criminal prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous examinations, and that much useful details has actually likewise been passed to [sports betting](https://myvip.at/read-blog/38819_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense effective, then the commission would consider stopping a criminal investigation "in favour of letting [sports betting](https://bytes-the-dust.com/index.php/User:Deneen0970) governing bodies take the lead".
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Meanwhile, he states a lot of those aiming to cheat the [sports betting](http://yijichain.com/read-blog/15116_compare-amp-review-oddsjet-de.html) wagering market were educated about [sports betting](http://video.firstkick.live/read-blog/4648_online-betting-firms-gamble-on-soccer-mad-nigeria.html) and sporting individuals, and about wagering operations and the motion of money.
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"They look for out the vulnerabilities of these to help in their business."
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Related web links
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World [sports betting](https://micircle.in/read-blog/478_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
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