From bb55880d96fd67cbab98e2bfec80ae43b9d58362 Mon Sep 17 00:00:00 2001 From: merissacalabre Date: Thu, 2 Jan 2025 06:16:34 +0000 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md 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..10f2496 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](http://titotit.com/xe/?document_srl=813361) [market aims](https://energypowerworld.co.uk/read-blog/144886_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) to secure itself
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16 September 2010
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By Bill Wilson
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Business press reporter, BBC News
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[sports betting](https://oolibuzz.com/read-blog/41666_for-sports-gambling-to-be-legalised.html) on sport is huge 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 most 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 approximates the total international [sports betting](http://maili.demoe.cn:112/read-blog/448_how-to-attract-users-to-my-fantasy-sports-platform.html) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://social.ppmandi.com/read-blog/204_sport-betting-industry-seeks-to-protect-itself.html) gambling.
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But when the stability of events are struck the gaming industry suffers, and profits are put under threat if customers can not wager with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:FlossieStapley1) stories than those affecting cricket and snooker 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://tribetok.com/read-blog/90_enhance-your-business-opportunities-with-efficient-sports-apps.html) 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 newspapers."
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Four Pakistan cricketers have actually 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 mounted 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 claims, however was banned last week for six months for failing to report the prohibited method 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 biggest online sporting exchanges.
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"If the sport is viewed as sincere, straight and reasonable that benefits wagering companies because individuals will spend money [sports betting](https://sensualmarketplace.com/read-blog/6752_for-sports-gambling-to-be-legalised.html) with confidence," he states.
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"If you take the Pakistan allegations, although unrelated to the UK regulated [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:LashawndaGoulbur) industry ... it is not actually a favorable story for [sports betting](https://social.ishare.la/read-blog/1446_for-sports-gambling-to-be-legalised.html) in the UK.
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"That is because the understanding is that 'cricket is now something we may need to be cautious 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 betting](https://messengerkivu.com/read-blog/2369_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://bigtoc.com/read-blog/8961_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can fix a match are the competitors or the referee."
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His organisation represents men and females in 15 [sports betting](https://taar.me/read-blog/8434_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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 possible issues around players is also through education.
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Mr Taylor states rules need to be described clearly to players with clear examples, and by individuals they appreciate.
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"Through informing gamers about [sports betting](https://cosplaybook.de/read-blog/7026_just-how-much-are-americans-spending-on-sports-betting.html) wagering you strengthen stability and that remains in everyone's interest," he adds.
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"If gamers are harder 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 much better than cure, and we likewise make a point of telling players 'you are going to be captured'."
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"It is imperative that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals do not wish to bet, that is not in gambling firms' interests, and it is not in our interests."
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He said that when a great track record was lost, the damage to a sport was "incalculable".
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FA rules mean players are not allowed to bet on a competitors in which they are included.
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Mr Johnson says players need to be seen not to be capitalizing any inside knowledge, which he states might trigger "brand damage" to football and its competitors.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational threat to the video game," he says. "Once self-confidence has been harmed 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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control industrial gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all in the UK apart from spread [sports betting](https://theavtar.in/read-blog/30034_for-sports-gambling-to-be-legalised.html), which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://projectblueberryserver.com/index.php/User:KarmaWekey) wagering taking location through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
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"Such cheating has the prospective to weaken the stability of a sport, and it also harms the [business](https://doum.cn/read-blog/2184_things-you-need-to-learn-about-rafting-adventures.html) interests of [sports betting](https://wiki.fablabbcn.org/User:TeganKrieger9) bodies and [sports betting](https://twixxor.com/read-blog/8935_missouri-sports-betting-ballot-measure-approved-by-voters.html)."
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The commission has actually established an internal [Sports Betting](https://connectworld.app/read-blog/198_start-winning-with-pcg-college-football-picks.html) Intelligence Unit to receive and disseminate details to sporting authorities, [sports betting](https://oolibuzz.com/read-blog/41666_for-sports-gambling-to-be-legalised.html) firms and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://connectingsparks.com/read-blog/25156_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) wagering," he states.
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"We will inform [sports betting](https://philadelphiaflyersclub.com/read-blog/8451_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of our issues, to help avoid or reduce [unlawful] activity"
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In May 2010, the commission also presented a confidential 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 simply one 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 8 continuous examinations, which much useful info has actually likewise been passed to [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/User:QPGMatilda) 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 think about ceasing a criminal investigation "in favour of letting [sports betting](https://ozgurtasdemir.net/read-blog/526_online-betting-firms-gamble-on-soccer-mad-nigeria.html) governing bodies take the lead".
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Meanwhile, he says many of those looking to cheat the [sports betting](https://pittsburghtribune.org/read-blog/133065_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) wagering industry were knowledgeable about [sports betting](https://encone.com/read-blog/46252_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) and sporting people, and about wagering 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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Related web links
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World [sports betting](https://nexthub.live/read-blog/119_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.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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