From 3795fb06e16f210d66cbfa8362c1e96cdff3bf5d Mon Sep 17 00:00:00 2001 From: allisonpotting Date: Wed, 29 Jan 2025 14:00:52 +0000 Subject: [PATCH] Add 'Sport Betting Industry Aims To Protect Itself' --- ...Betting-Industry-Aims-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..32ae10c --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Betting on sport is substantial business.
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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 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 company Sport & Markt estimates 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.bisshogram.com/read-blog/184_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gambling.
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But when the stability of occasions are struck the gambling industry suffers, and earnings are put under risk if customers can not wager with self-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 betting](https://hyped4gamers.com/read-blog/2781_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) market now.
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"Not just is it a substantial market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing claims relating to a test against England at Lord's last month.
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Three of these gamers 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 banned last week for six months for failing to report the unlawful technique to him to toss frames.
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There are also 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, one of the UK's biggest online sporting exchanges.
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"If the sport is perceived as honest, straight and fair that benefits betting companies because people will spend money betting with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK managed betting market ... it is not really a favorable story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we might have to take care about'."
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'Education'
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So what can be done to prevent future scandals?
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According to experts at a World [sports betting](http://shop-lengorgaz.tmweb.ru/community/profile/benjamin5622145/) Law Report conference into [sports betting](http://naviondental.com/bbs/board.php?bo_table=free&wr_id=1567381), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals 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](http://snye.co.kr/bbs/board.php?bo_table=free&wr_id=1045057) in the UK, being an umbrella organisation for all gamer 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, but that the method to tackle possible problems around players is also through education.
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Mr Taylor says guidelines need to be discussed plainly to gamers with clear examples, and by people they appreciate.
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"Through informing gamers about [sports betting](https://alldogssportspark.com/uk-betting-firms-gamble-on-us-after-sports-wager-ruling/) you enhance stability which remains in everyone's interest," he includes.
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"If gamers 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 recommendations at the Football Association, agrees.
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"Prevention is better than remedy, and we likewise make a point of telling gamers 'you are going to be caught'."
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"It is crucial that sport is directly, and is seen to be straight," he includes.
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"If it loses that then people do not wish to wager, that is not in gambling firms' interests, and it is not in our interests."
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He said that once a great credibility was lost, the damage to a sport was "enormous".
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FA guidelines indicate gamers are not permitted to wager on a competition in which they are included.
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Mr Johnson says players need to be seen not to be cashing in on any inside knowledge, which he states might trigger "brand name damage" to football and its competitors.
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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 need to overcome to players the reputational threat to the game," he says. "Once self-confidence has been harmed it is tough 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 policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control industrial gambling 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://inicknet.com/read-blog/3412_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) occurring through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly hinder 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 harms the commercial interests of [sports betting](https://tutorialslots.com/index.php?qa=540028&qa_1=uk-betting-firms-gamble-on-us-after-sports-wager-ruling) bodies and [sports betting](http://aimvilla.com/bbs/board.php?bo_table=free&wr_id=397948) wagering."
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The commission has established an in-house [Sports Betting](https://finance.azberg.ru/read-blog/3625_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Intelligence Unit to get and distribute information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://social.japrime.id/read-blog/28350_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html)," he says.
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"We will inform [sports betting](https://xn--pm2b0fr21aooo.com/bbs/board.php?bo_table=free&wr_id=55592) of our issues, to assist avoid or cut [illegal] activity"
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In May 2010, the commission also presented 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 duration there has actually been just one criminal 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 helpful information has actually likewise been passed to sports authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would think about discontinuing a criminal investigation "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 betting](https://soukelarab.com/new-massachusetts-sports-betting-bill-includes-substantial-tax-boost-prohibition-on-in-play-betting/) market were experienced about [sports betting](https://catvcommunity.com.tr/read-blog/6187_sport-betting-industry-looks-to-protect-itself.html) and sporting individuals, and about wagering operations and the motion of cash.
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"They look for the vulnerabilities of these to assist in their enterprises."
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