From 06e48e5fd16608e8ddc539d9969fd26f5d76a641 Mon Sep 17 00:00:00 2001 From: graigsandover Date: Wed, 29 Jan 2025 22:50:01 +0800 Subject: [PATCH] Update 'Sport Betting Industry Looks To Protect Itself' --- Sport-Betting-Industry-Looks-To-Protect-Itself.md | 54 +++++++++++++++++++++++ 1 file changed, 54 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..f1cce54 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge service.
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Sport England approximates the worth 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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And that figure is most likely to have actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study company Sport & Markt approximates the general worldwide gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://ivebo.co.uk/read-blog/88542_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html).
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But when the integrity of events are hit the gambling industry suffers, and revenues are put under hazard if customers can not bet with confidence.
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And there can have been couple of 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 discuss the sports gambling market now.
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"Not just is it a considerable market in world company, 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 allegations associating with a test versus England at Lord's last month.
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Three of these gamers have said they will likewise 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 champion John Higgins was cleared of match-fixing accusations, however was prohibited recently for six months for stopping working to report the illegal approach to him to throw frames.
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There are likewise two 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 perceived as honest, straight and reasonable that is good for betting companies since individuals will invest money wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK managed betting market ... it is not really a favorable story for betting in the UK.
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"That is because the understanding is that 'cricket is now something we might have to be careful 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 betting](http://www.vokipedia.de/index.php?title=Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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His organisation represents males and females 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 inadequate to simply have deterrents, sanctions and disciplinary procedures, however that the way to tackle potential problems around players is likewise through education.
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Mr Taylor states rules need to be explained clearly to gamers with clear examples, and by people they respect.
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"Through educating players about [sports betting](https://andyfreund.de/wiki/index.php?title=UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling) you reinforce stability and that remains in everyone's interest," he adds.
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"If gamers are more difficult to corrupt then sport will be more difficult to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative 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 caught'."
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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 want to bet, that is not in gambling firms' interests, and it is not in our interests."
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He stated that once a good credibility was lost, the damage to a sport was "incalculable".
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FA guidelines mean players are not allowed to bet 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 cause "brand damage" to football and its competitors.
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So, even a 2nd Division player knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to gamers the reputational risk to the game," he states. "Once self-confidence has been damaged it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, 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 manage commercial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://unightlifetalk.site/read-blog/3826_latest-ma-sports-betting-proposal-includes-substantial-tax-increase-and-prohibit.html) occurring 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 outcome of a sporting event.
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"Such unfaithful has the possible to undermine the integrity of a sport, and it likewise damages the commercial interests of sports bodies and [sports betting](https://afrocinema.org/read-blog/64054_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) wagering."
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The commission has developed an in-house [Sports Betting](https://bleezlabs.com/demo/quora/adonis/index.php?qa=503852&qa_1=sport-betting-industry-looks-to-protect-itself) Intelligence Unit to receive and distribute information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://twixxor.com/read-blog/11337_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html)," he says.
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"We will alert [sports betting](https://wiki.fablabbcn.org/UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling) of our issues, to help avoid or cut [prohibited] 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 actually been simply one criminal prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing investigations, which much helpful info has actually also been passed to sports authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would think about ceasing a criminal examination "in favour of letting [sports betting](https://namoshkar.com/read-blog/188_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) governing bodies take the lead".
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Meanwhile, he says a lot of those aiming to cheat the [sports betting](https://strimsocial.net/read-blog/33677_sport-betting-industry-aims-to-protect-itself.html) industry were experienced about [sports betting](http://touringtreffen.nl/read-blog/4134_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) and sporting individuals, 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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