From 51b0d69be31ccc7b457d7b978384ae8970db39ea Mon Sep 17 00:00:00 2001 From: lorenzatorode0 Date: Wed, 1 Jan 2025 03:39:34 +0000 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 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..275a201 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering industry looks to protect 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 reporter, BBC News
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[sports betting](https://projectblueberryserver.com/index.php/User:ValenciaLavallee) on sport is huge organization.
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Sport England approximates the worth 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 actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study company Sport & [Markt estimates](https://projectblueberryserver.com/index.php/User:ValenciaLavallee) the general international gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:Vonnie9566) gaming.
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But when the [stability](https://lidoo.com.br/read-blog/12969_how-are-betting-odds-calculated.html) of events are struck the gambling industry suffers, and revenues are put under danger if [clients](http://it-viking.ch/index.php/User:ThelmaSanford0) can not wager with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://jamboz.com/read-blog/298_for-sports-gambling-to-be-legalised.html) stories than those affecting cricket and 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://wavedream.wiki/index.php/User:KandiArmijo8) market now.
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"Not only is it a substantial market in world business, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by police over spot-fixing accusations connecting to a test against England at Lord's last month.
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Three of these players have actually said they will also challenge the corruption charges installed versus 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 recently for 6 months for stopping working to report the prohibited technique to him to toss frames.
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There are also 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, one of the UK's most significant online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits wagering firms since individuals will spend money [sports betting](https://ai.ceo/read-blog/244298_how-fantasy-betting-app-development-companies-and-sports-developers.html) with confidence," he states.
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"If you take the Pakistan claims, although unassociated to the UK managed wagering [industry](https://personal.spaces.one/read-blog/3113_for-sports-gambling-to-be-legalised.html) ... it is not actually a favorable story for [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:DarbyBarksdale0) 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 prevent future scandals?
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According to professionals at a World [sports betting](https://trackrecord.id/read-blog/1813_how-much-are-americans-investing-in-sports-betting.html) Law Report conference into [sports betting](https://www.amedaychats.com/read-blog/780_sport-betting-industry-looks-to-protect-itself.html) 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 males and ladies in 15 [sports betting](https://rhabits.io/read-blog/7328_online-betting-firms-gamble-on-soccer-mad-nigeria.html) in the UK, being an umbrella organisation for all gamer organisations, such as the [Professional Footballers'](https://palkwall.com/read-blog/27696_the-history-of-the-nfl-and-how-to-bank-on-it.html) Association.
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He thinks that it is inadequate to simply have deterrents, sanctions and disciplinary procedures, however that the method to take on possible issues around players is likewise through education.
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Mr Taylor says rules require to be explained plainly to gamers with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://www.eruptz.com/read-blog/17285_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) you strengthen stability and that remains in everybody'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 regulatory legal advice at the Football Association, agrees.
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"Prevention is much better than treatment, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is necessary that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals don't want to bet, that is not in [sports betting](https://www.miptrucking.net/read-blog/1269_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) companies' interests, and it is not in our interests."
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He said that when a good credibility was lost, the damage to a sport was "incalculable".
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FA guidelines indicate players are not allowed to wager on a competition in which they are involved.
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Mr Johnson says gamers need to be seen not to be cashing in on any inside understanding, which he says might trigger "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 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 threat to the video game," he states. "Once confidence has actually been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, then maybe Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control commercial 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 [sports betting](https://twixxor.com/read-blog/8917_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://wiki.rrtn.org/wiki/index.php/User:EthanBlackwelder) wagering happening through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such unfaithful has the potential to weaken the stability of a sport, and it likewise hurts the commercial interests of [sports betting](https://wiki.rrtn.org/wiki/index.php/User:AurelioNicoll) bodies and [sports betting](https://tartar.app/read-blog/1723_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html)."
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The commission has actually developed an in-house [Sports Betting](https://iuridictum.pecina.cz/w/U%C5%BEivatel:LizaWhitham107) Intelligence Unit to receive and share details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:CorinneWashburn)," he says.
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"We will signal [sports betting](https://oolibuzz.com/read-blog/41665_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) of our issues, to help avoid or reduce [illegal] activity"
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In May 2010, the commission likewise 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 duration there has actually been just one prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight continuous examinations, and that much helpful information has also been passed to [sports betting](https://namesdev.com/read-blog/15191_for-sports-gambling-to-be-legalised.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would consider stopping a criminal examination "in favour of letting [sports betting](http://archmageriseswiki.com/index.php/User:TheresaVelazquez) governing bodies take the lead".
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Meanwhile, he says many of those aiming to cheat the [sports betting](https://naijamatta.com/read-blog/34822_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) market were educated about [sports betting](https://www.amedaychats.com/read-blog/780_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 out the vulnerabilities of these to help in their business."
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Related web links
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World [sports betting](http://www.pickmemo.com/read-blog/11315_how-are-betting-odds-calculated.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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The BBC is not responsible for the content of external websites.
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