From 2f2621f72f70acf86a67bb430049cca171b690a6 Mon Sep 17 00:00:00 2001 From: philliphardman Date: Thu, 2 Jan 2025 06:47:05 -0500 Subject: [PATCH] Add 'Sport Betting Industry Looks To Protect Itself' --- ...etting-Industry-Looks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..f109a5c --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering market aims to safeguard 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](https://meebeek.com/read-blog/1103_things-you-need-to-learn-about-rafting-adventures.html) on sport is huge organization.
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Sport England estimates the value of costs on sport-related gaming 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 actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research firm Sport & Markt estimates the general international [sports betting](https://sosmed.almarifah.id/read-blog/1286_online-betting-firms-gamble-on-soccer-mad-nigeria.html) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://woorichat.com/read-blog/10329_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) gambling.
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But when the [stability](https://canadasimple.com/index.php/User:RickieN909733) of events are struck the [sports betting](https://twixxor.com/read-blog/8950_enhance-your-business-opportunities-with-efficient-sports-apps.html) industry suffers, and incomes are put under threat if customers can not bet with confidence.
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And there can have been few higher-profile sport wagering 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 talks about the [sports betting](https://sportysocialspace.com/read-blog/12011_how-much-are-americans-spending-on-sports-betting.html) 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 cops over spot-fixing allegations relating to a test against England at Lord's last month.
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Three of these gamers have said they will also challenge the corruption charges mounted versus 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 allegations, however was prohibited recently for 6 months for failing to report the illegal method to him to toss frames.
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There are likewise 2 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 viewed as sincere, straight and fair that is excellent for wagering firms due to the fact that individuals will spend money wagering with self-confidence," he states.
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"If you take the Pakistan accusations, although unrelated to the UK regulated wagering market ... it is not really a positive story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may have to be mindful 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 specialists at a World [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:WilfordGebhardt) Law Report conference into [sports betting](https://wiki.rrtn.org/wiki/index.php/User:BillyYap353808), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the [Professional](https://ifairy.world/read-blog/1389_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Players' Federation explains: "The only individuals 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://seenoor.com/read-blog/424_how-much-are-americans-spending-on-sports-betting.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He thinks that it is not sufficient to simply have deterrents, sanctions and disciplinary treatments, however that the way to deal with possible issues around gamers is also through education.
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Mr Taylor states rules require to be explained clearly to players with clear examples, and by [individuals](https://www.eruptz.com/read-blog/17294_missouri-sports-betting-ballot-measure-approved-by-voters.html) they appreciate.
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"Through informing players about [sports betting](https://www.social.united-tuesday.org/read-blog/19457_missouri-sports-betting-ballot-measure-approved-by-voters.html) you strengthen stability 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 regulative legal recommendations at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of telling players 'you are going to be captured'."
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"It is vital that sport is straight, 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 [sports betting](https://oeclub.org/index.php/User:FredPartee06129) companies' interests, and it is not in our interests."
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He said that when an was lost, the damage to a sport was "incalculable".
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[FA guidelines](https://juryi.sn/read-blog/12020_things-you-need-to-know-about-rafting-adventures.html) imply players are not enabled to wager on a competitors in which they are included.
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Mr Johnson states players need to be seen not to be cashing in on any inside knowledge, which he says might trigger "brand name 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 wager on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to players the reputational risk to the video game," he states. "Once confidence has been harmed it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then maybe 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 manage business gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://chateando.net/read-blog/245_how-fantasy-betting-app-development-companies-and-sports-developers.html) taking place through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
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"Such cheating has the prospective to weaken the stability of a sport, and it likewise hurts the industrial interests of [sports betting](https://nuo18.lt/read-blog/68918_how-much-are-americans-spending-on-sports-betting.html) bodies and [sports betting](https://pittsburghpenguinsclub.com/read-blog/11535_missouri-sports-betting-ballot-measure-approved-by-voters.html)."
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The commission has developed an internal [Sports Betting](http://1600-6765.com/board_fyUJ95/219093) Intelligence Unit to receive and share information to sporting authorities, [sports betting](https://mixup.wiki/index.php/User:MandyHobler) companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://miderde.de/index.php?title=Benutzer:EloiseBustard2)," he states.
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"We will notify [sports betting](https://juryi.sn/read-blog/12092_sport-betting-industry-looks-to-protect-itself.html) of our issues, to assist prevent or reduce [illegal] activity"
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In May 2010, the commission likewise introduced 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 duration there has been simply one criminal prosecution, a 24-year-old guy who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous investigations, which much beneficial information has likewise been passed to [sports betting](https://ekotur.online/sports-betting/the-ins-and-outs-of-betting-on-the-nfl-draft-2/) 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 consider discontinuing a criminal examination "in favour of letting [sports betting](https://origintraffic.com/read-blog/1659_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) governing bodies take the lead".
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Meanwhile, he states a lot of those looking to cheat the [sports betting](https://birdiey.com/read-blog/491_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) wagering industry were educated about [sports betting](https://devnew.judefly.com/index.php?link1=read-blog&id=3273_the-history-of-the-nfl-and-how-to-bet-on-it.html) and sporting individuals, and about [sports betting](https://finance.azberg.ru/read-blog/2664_how-to-play-bet9ja-online.html) operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their [enterprises](https://social.engagepure.com/read-blog/808_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html)."
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Related internet links
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World [sports betting](https://blkbook.blactive.com/read-blog/2303_online-betting-firms-gamble-on-soccer-mad-nigeria.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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
BLP
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Gambling Commission
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