From 17d62c3bb70b9f78b3841c45e2555d3c4783af44 Mon Sep 17 00:00:00 2001 From: antoinetten592 Date: Mon, 30 Dec 2024 18:55:54 -0500 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..9d2ab09 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering industry looks to protect 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://social.myschoolfriend.ng/read-blog/40802_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) on sport is huge organization.
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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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And that figure is likely to have actually grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt estimates the general worldwide betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:ElanaHeilman9).
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But when the stability of events are struck the gambling industry suffers, and revenues are put under threat if customers can not wager with self-confidence.
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And there can have been few higher-profile sport betting 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://nexthub.live/read-blog/85_the-ins-and-outs-of-betting-on-the-nfl-draft.html) market now.
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"Not only is it a significant market in world business, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by police over spot-fixing claims relating to a test against England at Lord's last month.
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Three of these players have 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 champ John Higgins was cleared of match-fixing allegations, but was banned recently for six months for failing to report the illegal approach to him to throw frames.
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There are also 2 other continuing examinations - unrelated 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 honest, and reasonable that is excellent for betting companies because 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 managed betting industry ... it is not actually a positive story for [sports betting](http://social.redemaxxi.com.br/read-blog/1473_just-how-much-are-americans-investing-in-sports-betting.html) in the UK.
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"That is since the understanding is that 'cricket is now something we may need 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](https://tartar.app/read-blog/1676_sport-betting-industry-wants-to-protect-itself.html) Law Report conference into [sports betting](https://infinirealm.com/read-blog/8247_enhance-your-business-opportunities-with-efficient-sports-apps.html), the focus needs 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 guys and women in 15 [sports betting](https://disgaeawiki.info/index.php/User:DemetriusStrauss) 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 not enough to merely have deterrents, sanctions and disciplinary treatments, but that the method to take on prospective issues around players is likewise through education.
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Mr Taylor states guidelines require to be discussed clearly to gamers with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://olympiquelyonnaisfansclub.com/read-blog/15366_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) wagering you reinforce stability which remains 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, concurs.
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"Prevention is much better than treatment, and we also make a point of informing gamers '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 don't wish to bet, that is not in betting companies' interests, and it is not in our interests."
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He stated that when an excellent track record was lost, the damage to a sport was "incalculable".
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FA guidelines suggest players are not enabled to wager on a competition in which they are included.
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Mr Johnson says players have actually to be seen not to be capitalizing any inside knowledge, which he says could cause "brand name damage" to football and its competitors.
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So, even a 2nd 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 need to get over to gamers the reputational risk 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 policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage business gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://chessdatabase.science/wiki/User:LucileD47568), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://nexthub.live/read-blog/85_the-ins-and-outs-of-betting-on-the-nfl-draft.html) happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting event.
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"Such cheating has the possible to undermine the integrity of a sport, and it likewise hurts the business interests of [sports betting](https://wavedream.wiki/index.php/User:Jacelyn3760) bodies and [sports betting](https://mixup.wiki/index.php/User:GloryFer54) wagering."
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The commission has actually developed an in-house [Sports Betting](https://social.instinxtreme.com/read-blog/13725_how-to-attract-users-to-my-fantasy-sports-platform.html) Intelligence Unit to get and disseminate information to sporting authorities, [sports betting](https://sossnet.com/read-blog/20573_the-ins-and-outs-of-betting-on-the-nfl-draft.html) firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://truthbook.social/read-blog/8423_missouri-sports-betting-ballot-measure-approved-by-voters.html) wagering," he states.
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"We will inform [sports betting](https://wiki.vifm.info/index.php/User:Jimmy50739) of our concerns, to help prevent or cut [unlawful] activity"
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In May 2010, the commission likewise introduced 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 period there has actually been simply one criminal prosecution, a 24-year-old male who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous investigations, which much beneficial details has also been passed to [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:EloyMcKelvey3) 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 ceasing a criminal examination "in favour of letting [sports betting](https://twoplustwoequal.com/read-blog/58966_how-to-attract-users-to-my-fantasy-sports-platform.html) governing bodies take the lead".
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Meanwhile, he says numerous of those wanting to cheat the [sports betting](https://alumni.myra.ac.in/read-blog/148728_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering industry were knowledgeable about [sports betting](https://sabiile.com/read-blog/2141_just-how-much-are-americans-spending-on-sports-betting.html) and sporting people, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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Related internet links
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World [sports betting](https://bytes-the-dust.com/index.php/User:SabrinaOvens) 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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