From 4f867d9176248e00554f076d0868c20945938039 Mon Sep 17 00:00:00 2001 From: antjebrier736 Date: Wed, 29 Jan 2025 23:10:48 +0800 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-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..06048ac --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Betting on sport is substantial company.
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Sport England estimates the worth of spending 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 approximated ₤ 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 overall worldwide gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://social.vetmil.com.br/read-blog/17554_sport-betting-industry-aims-to-protect-itself.html).
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But when the stability of events are struck the betting market suffers, and incomes are put under hazard if clients can not bet with confidence.
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And there can have been few higher-profile sport betting 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 talks about the sports gambling market now.
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"Not just is it a considerable market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually 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 gamers have stated 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 champion John Higgins was cleared of match-fixing accusations, but was prohibited recently for six months for stopping working to report the prohibited technique to him to toss frames.
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There are likewise 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 greatest online sporting exchanges.
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"If the sport is perceived as sincere, straight and fair that is good for wagering companies because individuals will spend cash wagering with self-confidence," he states.
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"If you take the Pakistan accusations, although unrelated to the UK managed wagering industry ... it is not actually a favorable 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 beware 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 gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can fix a match are the rivals or the referee."
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His organisation represents men 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 believes that it is insufficient to merely have deterrents, sanctions and disciplinary procedures, however that the way to take on prospective problems around gamers is also through education.
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Mr Taylor states guidelines require to be described clearly to gamers with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://cozwo.com/read-blog/13046_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) you strengthen integrity and that remains in everyone's interest," he adds.
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"If players 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 better than treatment, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is imperative that sport is straight, and is seen to be straight," he adds.
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"If it loses that then people do not wish to wager, that is not in gaming firms' interests, and it is not in our interests."
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He said that once a great reputation was lost, the damage to a sport was "enormous".
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FA guidelines indicate gamers are not allowed to bank on a competition in which they are involved.
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Mr Johnson states gamers need to be seen not to be capitalizing any inside knowledge, which he says might cause "brand damage" to football and its competitions.
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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 have to get over to players the reputational threat to the game," he says. "Once 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" approach, 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 control industrial gambling in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://iprofile.sv3.gramick.dev/read-blog/3877_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting occasion.
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"Such unfaithful has the potential to undermine the stability of a sport, and it also harms the business interests of sports bodies and [sports betting](https://tweecampus.com/read-blog/130588_sport-betting-industry-looks-to-protect-itself.html)."
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The commission has developed an internal [Sports Betting](https://socialgem.net/read-blog/17364_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) Intelligence Unit to get and disseminate info to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt sports wagering," he says.
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"We will alert sports of our concerns, to assist prevent or cut [illegal] activity"
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In May 2010, the commission also introduced a private 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 period there has been simply one prosecution, a 24-year-old man who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing investigations, and that much beneficial information has also been passed to sports authorities.
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He stated that where an investigation 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 governing bodies take the lead".
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Meanwhile, he states numerous of those aiming to cheat the sports wagering market were well-informed about sports and sporting people, and about wagering operations and the motion of money.
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"They look for out the vulnerabilities of these to assist in their business."
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