From f2c46f436e8c33f2765b3cf4d6fc6ed087278aab Mon Sep 17 00:00:00 2001 From: montel0775898 Date: Mon, 30 Dec 2024 23:32:02 +0000 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..12ef941 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport betting industry wants to secure itself
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
16 September 2010
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
By Bill Wilson
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Business reporter, BBC News
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[sports betting](https://coptr.digipres.org/index.php/User:VioletSpencer44) on sport is substantial service.
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Sport England approximates the worth 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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Which figure is likely to have grown further, 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 overall global betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://blkbook.blactive.com/read-blog/2312_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html).
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But when the stability of occasions are struck the gambling industry suffers, and earnings are put under hazard if customers 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 speak about the [sports betting](https://www.social.united-tuesday.org/read-blog/19461_how-to-attract-users-to-my-fantasy-sports-platform.html) gambling market now.
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"Not only is it a substantial market in world service, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing accusations connecting to a test against England at Lord's last month.
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Three of these players have actually said 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 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 examinations - not related 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 benefits wagering companies due to the fact that people will spend money wagering with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated [sports betting](https://krazzykross.com/read-blog/1513_enhance-your-business-opportunities-with-efficient-sports-apps.html) 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 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://twoplustwoequal.com/read-blog/58966_how-to-attract-users-to-my-fantasy-sports-platform.html) Law Report conference into [sports betting](https://social.mirrororg.com/read-blog/7679_for-sports-gambling-to-be-legalised.html), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can repair a match are the competitors or the referee."
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His organisation and females in 15 [sports betting](https://coptr.digipres.org/index.php/User:VioletSpencer44) 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 insufficient to simply have deterrents, sanctions and disciplinary treatments, however that the method to deal with potential issues around players is likewise through education.
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Mr Taylor states rules need to be explained clearly to players with clear examples, and by people they appreciate.
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"Through educating gamers about [sports betting](https://skylockr.app/read-blog/209_the-ins-and-outs-of-betting-on-the-nfl-draft.html) you reinforce stability which is in everyone's interest," he includes.
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"If gamers are more difficult 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 recommendations at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is important that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals don't want to wager, that is not in betting firms' interests, and it is not in our interests."
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He said that when a good reputation was lost, the damage to a sport was "incalculable".
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FA guidelines mean gamers are not permitted 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 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 bet on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to gamers the reputational threat to the video game," he says. "Once self-confidence has actually 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" method, 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 regulate commercial [sports betting](https://redebuck.com.br/read-blog/22130_enhance-your-business-opportunities-with-efficient-sports-apps.html) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all [sports betting](https://www.eruptz.com/read-blog/17600_the-ins-and-outs-of-betting-on-the-nfl-draft.html) in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating bulk of [sports betting](http://famedoot.in/read-blog/104_how-much-are-americans-spending-on-sports-betting.html) happening through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting occasion.
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"Such unfaithful has the potential to undermine the integrity of a sport, and it also harms the business interests of [sports betting](https://moonifie.com/read-blog/1416_for-sports-gambling-to-be-legalised.html) bodies and [sports betting](https://bigtoc.com/read-blog/8978_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering."
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The commission has established an in-house [Sports Betting](https://bikapsul.com/read-blog/1466_start-winning-with-pcg-college-football-picks.html) Intelligence Unit to receive and share information to sporting authorities, [sports betting](https://alumni.myra.ac.in/read-blog/148636_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://social.myschoolfriend.ng/read-blog/40777_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering," he says.
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"We will signal [sports betting](https://seenoor.com/read-blog/451_for-sports-gambling-to-be-legalised.html) of our issues, to assist prevent or cut [unlawful] activity"
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In May 2010, the commission likewise presented a personal telephone hotline for those with information or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has been simply one prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous investigations, and that much helpful information has also been passed to [sports betting](http://www.seferpanim.com/read-blog/381_for-sports-gambling-to-be-legalised.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://netgork.com/read-blog/110151_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) governing bodies take the lead".
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Meanwhile, he says numerous of those aiming to cheat the [sports betting](https://letustalk.co.in/read-blog/11523_how-much-are-americans-spending-on-sports-betting.html) wagering industry were educated about [sports betting](https://18plus.fun/read-blog/17_the-ins-and-outs-of-betting-on-the-nfl-draft.html) and sporting individuals, and about wagering operations and the movement of money.
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"They look for the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://youslade.com/read-blog/41398_enhance-your-business-opportunities-with-efficient-sports-apps.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
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) \ No newline at end of file