From 5fd2d9f042dc7a54d9d6fe3102bffcb36d57c13a Mon Sep 17 00:00:00 2001 From: lupitadechair Date: Wed, 29 Jan 2025 14:50:24 +0000 Subject: [PATCH] Add Sport Betting Industry Aims To Protect Itself --- ...Betting-Industry-Aims-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md 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..5c4b1ae --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is big company.
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Sport England estimates the value of costs 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 likely to have actually 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 company Sport & Markt estimates the general global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://www.pottomall.com/bbs/board.php?bo_table=free&wr_id=1916984) gaming.
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But when the integrity of events are hit the betting market suffers, and incomes are put under hazard if consumers can not wager with confidence.
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And there can have been few higher-profile sport wagering 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://www.capukorea.com/free/142338) market now.
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"Not only is it a substantial market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations relating to a test versus England at Lord's last month.
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Three of these players have actually said they will likewise 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 champion John Higgins was cleared of match-fixing allegations, however was banned last week for six months for failing to report the unlawful approach to him to toss frames.
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There are likewise two other continuing investigations - 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 reasonable that is good for wagering firms due to the fact that individuals will invest money wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK controlled wagering industry ... it is not actually a positive story for betting in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we might have 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 experts at a World Sports Law Report conference into sports gambling, 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 rivals or the referee."
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His organisation represents men and women in 15 sports in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He thinks that it is insufficient to simply have deterrents, sanctions and disciplinary procedures, however that the way to take on potential problems around gamers is likewise through education.
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Mr Taylor states guidelines require to be explained plainly to gamers with clear examples, and by people they respect.
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"Through informing players about [sports betting](http://www.silverbardgames.com/wiki/doku.php/spo_t_betting_indust_y_looks_to_p_otect_itself) you strengthen integrity which is in everybody's interest," he includes.
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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 regulatory legal advice at the Football Association, agrees.
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"Prevention is better than remedy, and we likewise make a point of telling players 'you are going to be caught'."
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"It is imperative that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals do not wish to wager, that is not in gambling firms' 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 rules suggest players are not allowed to bank on a competitors in which they are involved.
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Mr Johnson states players need to be seen not to be cashing in on any inside understanding, which he states could trigger "brand name 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 wager on a Manchester United v Chelsea cup last the following spring.
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"We need to get over to gamers the reputational threat to the video game," he states. "Once self-confidence has actually been damaged it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then perhaps Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to regulate business gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](http://haudyhome.com/bbs/board.php?bo_table=free&wr_id=526217) happening through UK operators is legal and reasonable," he states.
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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 cheating has the possible to weaken the integrity of a sport, and it likewise hurts the commercial interests of sports bodies and [sports betting](https://adilsokak.com/read-blog/158_sport-betting-industry-aims-to-protect-itself.html)."
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The commission has established an internal [Sports Betting](https://bikapsul.com/read-blog/3537_new-ma-sports-betting-proposal-features-substantial-tax-increase-and-ban-on-real.html) Intelligence Unit to receive and disseminate info to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt sports wagering," he states.
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"We will alert [sports betting](https://innovator24.com/read-blog/26751_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) of our concerns, to help avoid or curtail [illegal] activity"
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In May 2010, the commission likewise presented a confidential 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 period there has actually been simply one criminal prosecution, a 24-year-old man who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, and that much beneficial details has also been passed to sports authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost reliable, then the commission would consider stopping a criminal examination "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says many of those wanting to cheat the sports wagering industry were knowledgeable about sports and sporting people, and about betting operations and the movement of cash.
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"They look for out the vulnerabilities of these to help in their business."
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