From 15c7793a574eb5cc28c66a7f2c4ee2f7bf570f7c Mon Sep 17 00:00:00 2001 From: bennettcrump1 Date: Thu, 19 Dec 2024 13:11:23 +1100 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 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..e2533f4 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport betting market seeks to secure itself
+
16 September 2010
+
By Bill Wilson
+
Business reporter, BBC News
+
Betting on sport is substantial company.
+
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.
+
Which figure is most likely to have actually grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
+
Meanwhile, German research study company Sport & Markt approximates the total global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://wooshbit.com/read-blog/18773_sport-betting-industry-looks-to-protect-itself.html).
+
But when the stability of occasions are hit the [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:JoshTolliver4) market suffers, and revenues are put under danger if customers can not wager with self-confidence.
+
And there can have been few higher-profile sport [sports betting](https://naijamatta.com/read-blog/34978_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) stories than those impacting cricket and snooker this year.
+
High-profile
+
As Sport & Markt's Gareth Moore observes: "Everyone speak about the [sports betting](https://social.engagepure.com/read-blog/817_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) market now.
+
"Not just is it a considerable market in world company, it is one that is now on the front pages of papers."
+
Four Pakistan cricketers have been questioned by authorities over spot-fixing accusations associating with a test against England at Lord's last month.
+
Three of these gamers have actually stated they will likewise challenge the corruption charges mounted versus the trio by the sport governing body the International Cricket Council.
+
Meanwhile, three-times snooker world champion John Higgins was cleared of match-fixing accusations, but was prohibited recently for six months for stopping working to report the illegal approach to him to toss frames.
+
There are also two other continuing examinations - unrelated to Mr Higgins - into snooker.
+
'Honest'
+
David O'Reilly is legal counsel for Betfair, among the UK's biggest online sporting exchanges.
+
"If the sport is viewed as truthful, straight and reasonable that benefits [sports betting](https://wavedream.wiki/index.php/User:BlairLambie2168) firms since people will invest money [sports betting](https://www.social.united-tuesday.org/read-blog/19455_for-sports-gambling-to-be-legalised.html) with self-confidence," he states.
+
"If you take the Pakistan allegations, although unassociated to the UK managed [sports betting](https://africasfaces.com/read-blog/5927_just-how-much-are-americans-spending-on-sports-betting.html) industry ... it is not actually a favorable story for in the UK.
+
"That is because the understanding is that 'cricket is now something we may have to take care about'."
+
'Education'
+
So what can be done to prevent future scandals?
+
According to professionals at a World [sports betting](https://wiki.armello.com/index.php/User:AngelikaEdmondso) Law Report conference into [sports betting](https://sneakerxp.com/sports-betting/tennessee-sports-betting-top-4-legal-betting-sites-in-2024/), the focus has to be on sportsmen and sportswomen.
+
As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can fix a match are the competitors or the referee."
+
His organisation represents males and females in 15 [sports betting](https://connectingsparks.com/read-blog/25052_things-you-need-to-know-about-rafting-adventures.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
+
He believes that it is inadequate to merely have deterrents, sanctions and disciplinary procedures, however that the method to tackle prospective concerns around gamers is also through education.
+
Mr Taylor states rules require to be explained clearly to gamers with clear examples, and by people they respect.
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
"Through informing gamers about [sports betting](https://seenoor.com/read-blog/427_how-to-play-bet9ja-online.html) wagering you reinforce integrity which is in everyone's interest," he includes.
+
"If players are harder to corrupt then sport will be more difficult to corrupt."
+
'Brand damage'
+
Matt Johnson, head of regulative legal advice at the Football Association, agrees.
+
"Prevention is better than remedy, and we likewise make a point of informing gamers 'you are going to be caught'."
+
"It is imperative that sport is directly, and is seen to be directly," he includes.
+
"If it loses that then individuals don't desire to wager, that is not in [sports betting](https://wheeoo.com/read-blog/57114_how-to-play-bet9ja-online.html) companies' interests, and it is not in our interests."
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
He said that as soon as a good credibility was lost, the damage to a sport was "incalculable".
+
FA guidelines mean gamers are not permitted to bank on a competition in which they are included.
+
Mr Johnson says players need to be seen not to be cashing in on any inside knowledge, which he says might trigger "brand damage" to football and its competitions.
+
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 final the following spring.
+
"We need to overcome to players the reputational risk to the video game," he states. "Once self-confidence has been harmed it is tough to get it back - mud sticks."
+
'Overwhelmingly legal'
+
If this represents the "carrot" technique, then possibly Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
+
The Gambling Commission was established under the Gambling Act 2005 to regulate business [sports betting](https://qanda.yokepost.com/index.php?qa=164136&qa_1=compare-%26-review-oddsjet-de) in Great Britain.
+
An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
+
"The frustrating majority of [sports betting](http://www.larsaluarna.se/index.php/User:MelodyTsb15) wagering occurring through UK operators is legal and reasonable," he states.
+
"But for some there is the temptation to ... corruptly hinder the outcome of a sporting event.
+
"Such unfaithful has the prospective to undermine the integrity of a sport, and it likewise harms the industrial interests of [sports betting](https://jimsusefultools.com/index.php/User:Savannah4316) bodies and [sports betting](https://social.stssconstruction.com/read-blog/20899_sport-betting-industry-wants-to-protect-itself.html)."
+
The commission has actually developed an internal [Sports Betting](http://ringturbine.com:80/index.php/User:DinaKaur855) Intelligence Unit to receive and disseminate details to sporting authorities, wagering firms and policing authorities.
+
"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://kiigasofthub.com/read-blog/10110_online-betting-firms-gamble-on-soccer-mad-nigeria.html)," he states.
+
"We will notify [sports betting](https://genzkenya.co.ke/read-blog/106_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) of our concerns, to assist avoid or cut [prohibited] activity"
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
In May 2010, the commission also introduced a personal telephone hotline for those with information or suspicions.
+
'Vulnerabilities'
+
But in a two-and-a-half year period there has actually been simply one prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
However, Mr Tofiluk says there are still 8 continuous examinations, which much helpful info has actually likewise been passed to [sports betting](https://kiigasofthub.com/read-blog/10137_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) authorities.
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
He stated that where an examination by a sport governing body was quicker, and more cost effective, then the commission would consider discontinuing a criminal examination "in favour of letting [sports betting](https://bundas24.com/read-blog/175551_compare-amp-review-oddsjet-de.html) governing bodies take the lead".
[bet9ja.com](https://landing.bet9ja.com/aviator-bet9ja?btag=yohaig&promocode=yohaig) +
Meanwhile, he says a lot of those aiming to cheat the [sports betting](https://palkwall.com/read-blog/27733_how-much-are-americans-investing-in-sports-betting.html) wagering market were knowledgeable about [sports betting](https://encone.com/read-blog/46289_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) and sporting individuals, and about wagering operations and the motion of cash.
+
"They seek out the vulnerabilities of these to assist in their enterprises."
+
Related web links
+
World [sports betting](https://moonifie.com/read-blog/1404_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) Law Report
+
ICC
+
Professional Players Federation
+
Professional Footballers' Association
+
The FA
+
Betfair
+
Sport & Markt
+
BLP
+
Gambling Commission
+
The BBC is not accountable for the content of external websites.
\ No newline at end of file