commit 5356aef2f4f613b600294e710b7f00ef6998393d Author: ameethrossell1 Date: Wed Jan 1 04:46:07 2025 +0800 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..f03423c --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering market seeks to protect 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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Betting on sport is substantial service.
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Sport England approximates the value 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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And that figure is most likely to have actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research firm Sport & Markt approximates the general international gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://kitsap.whigdev.com/read-blog/3058_how-to-play-bet9ja-online.html) gaming.
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But when the stability of events are struck the gaming industry suffers, and revenues are put under risk if customers can not wager with confidence.
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And there can have been few higher-profile sport [sports betting](https://bytes-the-dust.com/index.php/User:TwilaGoll341) 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](http://archmageriseswiki.com/index.php/User:ElbertBobadilla) gambling market now.
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"Not just 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 police over spot-fixing allegations connecting to a test versus England at Lord's last month.
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Three of these gamers have stated 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 champ John Higgins was cleared of match-fixing accusations, but was banned last week for six months for stopping working to report the illegal method to him to toss frames.
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There are likewise 2 other continuing investigations - 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 biggest online sporting exchanges.
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"If the sport is perceived as honest, straight and reasonable that benefits [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:AlphonseQuam275) companies since individuals will spend money wagering with self-confidence," he states.
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"If you take the Pakistan claims, although to the UK regulated wagering market ... it is not really a favorable story for betting in the UK.
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"That is because the perception 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 professionals at a World [sports betting](https://moonifie.com/read-blog/1416_for-sports-gambling-to-be-legalised.html) Law Report conference into [sports betting](https://oeclub.org/index.php/User:MathiasLoftus), 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 fix a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://farmwoo.com/read-blog/9556_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.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 insufficient to simply have deterrents, sanctions and disciplinary procedures, however that the method to take on potential issues around gamers is likewise through education.
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Mr Taylor states rules require to be discussed clearly to players with clear examples, and by individuals they respect.
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"Through informing players about [sports betting](https://zapzclubhouse.com/read-blog/2777_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering you reinforce integrity and that is in everybody's interest," he adds.
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"If players 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 regulative legal advice 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 caught'."
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"It is important 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 gambling companies' interests, and it is not in our interests."
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He said that once an excellent reputation was lost, the damage to a sport was "enormous".
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FA rules suggest gamers are not allowed to bank on a competition 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 understanding, which he says might cause "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 wager on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to players the reputational risk to the video game," he says. "Once self-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" approach, 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 betting in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread [sports betting](https://islider.ru/read-blog/37912_online-betting-firms-gamble-on-soccer-mad-nigeria.html), which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://innovator24.com/read-blog/23442_just-how-much-are-americans-investing-in-sports-betting.html) taking location through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly hinder the outcome of a sporting occasion.
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"Such unfaithful has the possible to weaken the integrity of a sport, and it likewise harms the commercial interests of [sports betting](https://fishtanklive.wiki/User:NancyWhj45244) bodies and [sports betting](https://social.instinxtreme.com/read-blog/13739_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering."
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The commission has actually developed an in-house [Sports Betting](https://kenyansocial.com/read-blog/1358_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Intelligence Unit to receive and distribute information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://www.eruptz.com/read-blog/17600_the-ins-and-outs-of-betting-on-the-nfl-draft.html)," he states.
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"We will notify [sports betting](https://fishtanklive.wiki/User:NancyWhj45244) of our issues, to assist prevent or reduce [prohibited] activity"
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In May 2010, the commission also introduced a private 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 actually been just one 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 investigations, and that much useful details has likewise been passed to [sports betting](http://famedoot.in/read-blog/104_how-much-are-americans-spending-on-sports-betting.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would consider terminating a criminal examination "in favour of letting [sports betting](https://islider.ru/read-blog/39126_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) governing bodies take the lead".
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Meanwhile, he says a number of those looking to cheat the [sports betting](https://parentingliteracy.com/wiki/index.php/User:ElijahClaudio) industry were well-informed about [sports betting](https://letustalk.co.in/read-blog/11523_how-much-are-americans-spending-on-sports-betting.html) and sporting people, and about [sports betting](https://www.sportfansunite.com/read-blog/234_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) operations and the movement of cash.
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"They look for out the vulnerabilities of these to help in their enterprises."
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Related internet links
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World [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:RockyA1175332) 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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