commit edda46c2b84c35842b9eb143bc16ae90ee800aa2 Author: roxannavalenti Date: Wed Jan 1 19:12:04 2025 -0800 Add Sport Betting Industry Aims To Protect Itself 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..94cf109 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport [sports betting](https://iochats.com/read-blog/29653_how-fantasy-betting-app-development-companies-and-sports-developers.html) industry looks to secure itself
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16 September 2010
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
By Bill Wilson
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Business press reporter, BBC News
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[sports betting](https://inicknet.com/read-blog/2279_the-ins-and-outs-of-betting-on-the-nfl-draft.html) on sport is big company.
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Sport England estimates 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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Which figure is likely to have actually grown further, with an approximated ₤ 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 international gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://learn.ivlc.com/read-blog/59_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) gaming.
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But when the stability of occasions are struck the gambling industry suffers, and profits are put under risk 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 affecting 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://richonline.club/read-blog/4358_online-betting-firms-gamble-on-soccer-mad-nigeria.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 actually been questioned by authorities over spot-fixing allegations relating to a test versus England at Lord's last month.
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Three of these players have actually said 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, but was banned last week for six months for stopping working to report the unlawful technique to him to throw frames.
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There are also 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 viewed as truthful, straight and reasonable that benefits betting firms because people will invest cash wagering with self-confidence," he states.
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"If you take the Pakistan claims, although unassociated to the UK regulated betting market ... it is not actually a favorable story for [sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:RussWhittle5845) in the UK.
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"That is since the perception 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 specialists at a World [sports betting](https://pipewiki.org/wiki/index.php/User:ArlethaE75) Law Report conference into [sports betting](https://rhabits.io/read-blog/7389_sport-betting-industry-aims-to-protect-itself.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can repair a match are the competitors or the referee."
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His organisation represents males and ladies in 15 [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:AugustVandorn2) in the UK, being an umbrella organisation for all gamer 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, but that the method to deal with prospective problems around gamers is also through education.
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Mr Taylor says guidelines need to be described clearly to with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://wooshbit.com/read-blog/18740_for-sports-gambling-to-be-legalised.html) wagering you strengthen integrity which is in everyone's interest," he includes.
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"If gamers are harder to corrupt then sport will be more difficult to corrupt."
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'Brand damage'
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Matt Johnson, head of regulatory legal suggestions at the Football Association, agrees.
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"Prevention is much better than remedy, and we also make a point of informing players 'you are going to be captured'."
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"It is imperative that sport is straight, 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 companies' interests, and it is not in our interests."
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He stated that as soon as a good credibility was lost, the damage to a sport was "enormous".
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FA rules indicate players are not permitted to bank on a competitors in which they are involved.
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Mr Johnson states players need to be seen not to be capitalizing any inside knowledge, which he states might trigger "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 overcome to gamers the reputational risk to the game," he states. "Once confidence has actually 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" technique, 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 business gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://skylockr.app/read-blog/207_things-you-need-to-know-about-rafting-adventures.html) wagering occurring through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
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"Such unfaithful has the prospective to weaken the stability of a sport, and it likewise damages the commercial interests of [sports betting](https://connectworld.app/read-blog/222_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) bodies and [sports betting](https://hyped4gamers.com/read-blog/2416_missouri-sports-betting-ballot-measure-approved-by-voters.html)."
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The commission has actually established an in-house [Sports Betting](https://sotawiki.net/sota/User:HilarioNxy) Intelligence Unit to receive and distribute details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://inicknet.com/read-blog/2279_the-ins-and-outs-of-betting-on-the-nfl-draft.html)," he says.
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"We will alert [sports betting](https://dev.fleeped.com/read-blog/47_how-much-are-americans-investing-in-sports-betting.html) of our issues, to help avoid or cut [prohibited] activity"
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In May 2010, the commission also presented a confidential 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 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 examinations, which much useful info has also been passed to [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:CheriKitchen883) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would consider ceasing a criminal investigation "in favour of letting [sports betting](http://www.larsaluarna.se/index.php/User:MaxwellC63) governing bodies take the lead".
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Meanwhile, he says much of those looking to cheat the [sports betting](https://www.womplaz.com/read-blog/89_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) market were well-informed about [sports betting](https://terra.planetv.wtf/read-blog/671_.html) and sporting people, and about [sports betting](https://theavtar.in/read-blog/30034_for-sports-gambling-to-be-legalised.html) 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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Related web links
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World [sports betting](https://jamboz.com/read-blog/321_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.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
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