From 05e58e314cfb08ae0730be90012e90357eccc6ed Mon Sep 17 00:00:00 2001 From: kriskime18831 Date: Wed, 29 Jan 2025 10:13:30 -0800 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 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..d0a3210 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge organization.
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Sport England estimates the value of spending 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 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 firm Sport & Markt approximates the overall worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://www.facetwig.com/read-blog/116965_sport-betting-industry-looks-to-protect-itself.html).
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But when the integrity of occasions are struck the gaming market suffers, and revenues are put under hazard if clients can not wager with confidence.
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And there can have been couple of 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://forum.petstory.ge/read-blog/4941_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market now.
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"Not just is it a considerable 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 police over spot-fixing claims associating with a test against England at Lord's last month.
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Three of these players have actually stated they will also 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 champ John Higgins was cleared of match-fixing accusations, however was banned last week for 6 months for failing to report the prohibited 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 most significant online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that is good for wagering companies since people will invest cash betting with confidence," he says.
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"If you take the Pakistan allegations, although unrelated to the UK managed wagering industry ... it is not really a positive story for betting in the UK.
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"That is because the understanding is that 'cricket is now something we may have 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 professionals at a World [sports betting](https://inicknet.com/read-blog/3412_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](http://dselectric.co.kr/ko/bbs/board.php?bo_table=free&wr_id=165594) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only people who can fix a match are the rivals or the referee."
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His organisation represents guys 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 insufficient to merely have deterrents, sanctions and disciplinary procedures, however that the method to deal with prospective issues around gamers is also through education.
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Mr Taylor states rules require to be discussed clearly to gamers with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://chutpatti.com/read-blog/48618_new-massachusetts-sports-betting-proposal-features-massive-tax-hike-and-ban-on-l.html) wagering you reinforce stability 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, agrees.
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"Prevention is better than remedy, and we likewise make a point of telling players 'you are going to be caught'."
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"It is vital that sport is directly, and is seen to be straight," he includes.
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"If it loses that then individuals do not desire to wager, that is not in gambling companies' interests, and it is not in our interests."
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He stated that once a good reputation was lost, the damage to a sport was "incalculable".
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FA guidelines imply players are not allowed to bank on a competition in which they are involved.
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Mr Johnson states players need to be seen not to be cashing in on any inside understanding, which he says could trigger "brand damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational danger to the video game," he says. "Once self-confidence has actually been damaged 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 maybe Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to control business gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of sports wagering occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting occasion.
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"Such cheating has the prospective to undermine the integrity of a sport, and it also harms the business interests of [sports betting](https://forum.webmark.com.tr/index.php?qa=122654&qa_1=cover-the-bases-sports-betting-news-and-notes-from-past-week) bodies and [sports betting](https://www.lamgharba.ma/read-blog/1341_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html)."
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The commission has actually established an in-house [Sports Betting](https://vishwakarmacommunity.org/read-blog/8684_latest-ma-sports-betting-bill-features-significant-tax-boost-amp-restriction-on.html) Intelligence Unit to receive and distribute details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://sameday.iiime.net/read-blog/1953_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering," he says.
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"We will inform [sports betting](https://customerscomm.com/read-blog/5706_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) of our concerns, to assist avoid or curtail [unlawful] activity"
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In May 2010, the commission also introduced a personal 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 just one prosecution, a 24-year-old guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing examinations, and that much beneficial info has likewise been passed to [sports betting](http://consis.kr/board/bbs/board.php?bo_table=as&wr_id=141813) 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](http://aimvilla.com/bbs/board.php?bo_table=free&wr_id=397948) governing bodies take the lead".
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Meanwhile, he says numerous of those looking to cheat the sports wagering market were educated about sports and sporting individuals, and about betting operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their enterprises."
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