commit cd2c4e73a76b15451268e2060acf9140e9008f24 Author: maurinethomaso Date: Thu Dec 19 11:50:02 2024 +1100 Add Sport Betting Industry Wants To Protect Itself diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..89dfe4a --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](https://heatwave.app/read-blog/389_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) [market aims](https://systemcheck-wiki.de/index.php?title=Benutzer:GregoryHinkle5) to safeguard itself
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16 September 2010
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By Bill Wilson
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[Business](https://kiigasofthub.com/read-blog/10110_online-betting-firms-gamble-on-soccer-mad-nigeria.html) reporter, BBC News
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[sports betting](http://wiki.faramirfiction.com/index.php?title=User:KatlynFredrickse) on sport is big business.
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Sport England estimates the worth of costs on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is likely to have grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt approximates the total global [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:DemetriusU69) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://www.social.united-tuesday.org/read-blog/19455_for-sports-gambling-to-be-legalised.html) gambling.
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But when the stability of occasions are hit the gambling industry suffers, and incomes are put under risk if consumers can not wager with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](http://www.larsaluarna.se/index.php/User:EmilyQwl0706125) stories than those impacting cricket and [snooker](https://chateando.net/read-blog/244_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) 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://werderbremenfansclub.com/read-blog/14059_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) gambling market now.
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"Not only is it a considerable market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing accusations relating to a test versus England at Lord's last month.
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Three of these gamers have said they will likewise challenge the corruption charges mounted against 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 allegations, however was prohibited last week for six months for stopping working to report the unlawful approach to him to throw frames.
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There are also 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 greatest online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that is excellent for wagering companies due to the fact that individuals will invest money wagering with self-confidence," he states.
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"If you take the Pakistan accusations, although unrelated to the UK controlled [sports betting](https://parentingliteracy.com/wiki/index.php/User:LorraineI42) industry ... it is not actually a positive story for [sports betting](https://social.midnightdreamsreborns.com/read-blog/13166_how-are-betting-odds-calculated.html) in the UK.
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"That is since the perception is that 'cricket is now something we might need to beware 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 professionals at a World [sports betting](https://we2chat.net/read-blog/26323_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://personal.spaces.one/read-blog/3090_for-sports-gambling-to-be-legalised.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://miderde.de/index.php?title=Benutzer:AudraHinz7) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He believes that it is not sufficient to merely have deterrents, sanctions and disciplinary procedures, however that the way to deal with potential problems around players is also through education.
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Mr Taylor states guidelines need to be discussed plainly to players with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://linkpiz.com/vn/13852/how-are-betting-odds-calculated) wagering you strengthen stability which remains 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 regulative legal recommendations at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of telling gamers 'you are going to be caught'."
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"It is vital that sport is straight, and is seen to be directly," he adds.
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"If it loses that then individuals don't want to bet, that is not in gaming firms' interests, and it is not in our interests."
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He stated that once a great reputation was lost, the damage to a sport was "incalculable".
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FA rules mean gamers are not allowed 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 could trigger "brand damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not wager 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 video game," he states. "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" method, then perhaps Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage industrial [sports betting](https://wiki.armello.com/index.php/User:KandiBergstrom) in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating bulk of [sports betting](https://heli.today/read-blog/63_how-to-attract-users-to-my-fantasy-sports-platform.html) wagering taking location 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 event.
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"Such unfaithful has the prospective to weaken the integrity of a sport, and it also damages the commercial interests of [sports betting](https://kiigasofthub.com/read-blog/10105_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://social.japrime.id/read-blog/23438_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering."
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The commission has developed an in-house [Sports Betting](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:ByronMerewether) Intelligence Unit to get and share info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](http://www.larsaluarna.se/index.php/User:AbdulMcBride4) wagering," he says.
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"We will alert [sports betting](https://bbarlock.com/index.php/User:RenateYja1823082) of our concerns, to assist prevent or reduce [unlawful] activity"
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In May 2010, the commission also introduced a private telephone hotline for those with details or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year duration there has actually been just one criminal prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing examinations, which much beneficial info has likewise been passed to [sports betting](https://wow.t-mobility.co.il/read-blog/35_things-you-need-to-learn-about-rafting-adventures.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 examination "in favour of letting [sports betting](https://oeclub.org/index.php/User:CarenAndres380) governing bodies take the lead".
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Meanwhile, he says a number of those seeking to cheat the [sports betting](https://oeclub.org/index.php/User:AnnmarieParry) market were educated about [sports betting](https://www.social.united-tuesday.org/read-blog/19445_the-history-of-the-nfl-and-how-to-bet-on-it.html) and sporting people, and about wagering operations and the motion of cash.
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"They seek out the vulnerabilities of these to assist in their [enterprises](https://taar.me/read-blog/8473_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html)."
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Related internet links
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World [sports betting](https://dreamtvhd.com/read-blog/30_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.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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