commit fbcc69211f940a7d69a4c6c906c674cccecd9a46 Author: leroymedland5 Date: Thu Jan 2 04:53:31 2025 +0000 Add Sport Betting Industry Aims To Protect Itself diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..b18c4fe --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport betting seeks to secure 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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[sports betting](http://www.mizmiz.de/read-blog/83306_things-you-need-to-learn-about-rafting-adventures.html) on sport is big service.
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Sport England approximates the value 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 most likely to have grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt estimates the total global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://18plus.fun/read-blog/45_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html).
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But when the stability of events are struck the gaming industry suffers, and revenues are put under hazard if customers can not bet with confidence.
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And there can have been couple of higher-profile sport betting 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://www.grandtribunal.org/wiki/User:MyrtisSchumacher) market now.
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"Not only is it a substantial market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing allegations relating to a test against England at Lord's last month.
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Three of these gamers have actually stated they will also challenge the corruption charges installed against 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 6 months for stopping working to report the unlawful method to him to toss frames.
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There are also 2 other continuing examinations - not associated to Mr Higgins - into snooker.
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'Honest'
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David O'Reilly is legal counsel for Betfair, one of the UK's biggest online sporting exchanges.
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"If the sport is perceived as truthful, straight and fair that is great for [sports betting](https://maxmeet.ru/read-blog/66_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024) firms since individuals will invest cash [sports betting](https://origintraffic.com/read-blog/1685_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK managed wagering market ... it is not really a favorable story for betting in the UK.
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"That is since the perception is that 'cricket is now something we may have to be cautious 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 specialists at a World [sports betting](https://bbarlock.com/index.php/User:AliceBland5) Law Report conference into [sports betting](https://kiigasofthub.com/read-blog/10136_sport-betting-industry-looks-to-protect-itself.html) gambling, the focus has to be on sportspersons 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 rivals or the referee."
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His organisation represents guys and females in 15 [sports betting](https://tripta.social/read-blog/1306_missouri-sports-betting-ballot-measure-approved-by-voters.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 inadequate to simply have deterrents, sanctions and disciplinary treatments, but that the method to deal with prospective concerns around gamers is likewise through education.
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Mr Taylor says guidelines require to be discussed plainly to gamers with clear examples, and by individuals they respect.
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"Through educating gamers about [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:AnitaTen52) you enhance stability and that remains in everybody's interest," he includes.
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"If players 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 regulatory legal guidance at the Football Association, concurs.
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"Prevention is better than cure, and we also make a point of telling players 'you are going to be caught'."
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"It is crucial that sport is straight, and is seen to be directly," he adds.
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"If it loses that then people do not wish to bet, that is not in gaming companies' interests, and it is not in our interests."
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He said that when a great reputation was lost, the damage to a sport was "enormous".
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FA guidelines suggest players are not enabled to bank on a competition in which they are involved.
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Mr Johnson says gamers have to be seen not to be cashing in on any inside knowledge, which he says could cause "brand damage" to football and its competitions.
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So, even a Second 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 players the reputational threat to the video game," he says. "Once self-confidence has actually been damaged it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, then possibly Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to control industrial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://chatkc.com/read-blog/497_how-fantasy-betting-app-development-companies-and-sports-developers.html) occurring through UK operators is legal and fair," he says.
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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 unfaithful has the prospective to weaken the integrity of a sport, and it also hurts the business interests of [sports betting](https://blablasell.com/read-blog/11898_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://clik.social/read-blog/19031_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html)."
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The commission has established an internal [Sports Betting](https://noaisocial.pro/read-blog/2358_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) Intelligence Unit to get and share details to sporting authorities, [sports betting](https://www.athleticzoneforum.com/read-blog/754_sport-betting-industry-seeks-to-protect-itself.html) companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://social.midnightdreamsreborns.com/read-blog/13246_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html)," he states.
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"We will inform [sports betting](https://www.grandtribunal.org/wiki/User:ShanaWhisler6) of our issues, to assist prevent or curtail [unlawful] activity"
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In May 2010, the commission also presented 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 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 says there are still 8 continuous investigations, which much useful details has actually likewise been passed to [sports betting](https://community.0dte.com/index.php?link1=read-blog&id=8_how-to-play-bet9ja-online.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would think about terminating a criminal examination "in favour of letting [sports betting](https://antir.sca.wiki/index.php?title=User_talk:JaredEhret3869) governing bodies take the lead".
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Meanwhile, he says a number of those seeking to cheat the [sports betting](https://southwales.com/read-blog/354_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) wagering industry were knowledgeable about [sports betting](https://iochats.com/read-blog/29653_how-fantasy-betting-app-development-companies-and-sports-developers.html) and sporting individuals, and about [sports betting](https://seenoor.com/read-blog/454_things-you-need-to-learn-about-rafting-adventures.html) operations and the movement of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://tartar.app/read-blog/1675_just-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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