From 970a35ee847956315c1b21f859b483af80ee10f3 Mon Sep 17 00:00:00 2001 From: corinarohde88 Date: Wed, 29 Jan 2025 22:50:02 +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..bd0817c --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Betting on sport is huge company.
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Sport England estimates the value of spending 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 most likely to have grown even more, 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 estimates the general worldwide betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports gambling.
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But when the integrity of events are hit the betting market suffers, and incomes are put under risk if customers can not bet with self-confidence.
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And there can have been couple of higher-profile sport betting 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://customerscomm.com/read-blog/5703_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) market now.
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"Not just is it a significant market in world business, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing allegations associating with 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 installed against 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 last week for 6 months for stopping working to report the unlawful approach to him to toss frames.
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There are likewise 2 other continuing investigations - 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 perceived as honest, straight and reasonable that is excellent for betting companies due to the fact that individuals will spend money wagering with self-confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated betting market ... it is not really a favorable story for wagering in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we may need 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 Law Report conference into sports gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can repair a match are the competitors or the referee."
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His organisation represents men and females in 15 [sports betting](https://wow.t-mobility.co.il/read-blog/1170_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) 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 simply have deterrents, sanctions and disciplinary treatments, however that the method to tackle potential problems around gamers is likewise through education.
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Mr Taylor states guidelines need to be discussed plainly to players with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://tartar.app/read-blog/3677_sport-betting-industry-looks-to-protect-itself.html) you strengthen integrity and that is in everybody's interest," he includes.
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"If players 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 regulative legal guidance at the Football Association, concurs.
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"Prevention is much better than remedy, and we also make a point of telling players 'you are going to be caught'."
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"It is important that sport is straight, and is seen to be directly," he adds.
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"If it loses that then people do not wish to bet, that is not in gambling firms' interests, and it is not in our interests."
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He stated that as soon as an excellent credibility was lost, the damage to a sport was "incalculable".
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FA rules imply players are not permitted to bank on a competition in which they are included.
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Mr Johnson states players need to be seen not to be capitalizing any inside understanding, which he states could trigger "brand damage" to football and its competitors.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to players the reputational threat to the game," he says. "Once self-confidence has been damaged it is tough 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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to manage business gaming in Great Britain.
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An ex-chief constable of West Midlands police, 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 frustrating majority of [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:OTUAnthony) 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 result of a sporting occasion.
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"Such unfaithful has the possible to weaken the integrity of a sport, and it also harms the industrial interests of sports bodies and sports wagering."
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The commission has actually developed an internal [Sports Betting](https://gayplatform.de/read-blog/5797_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) Intelligence Unit to receive and disseminate details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://topbazz.com/read-blog/46124_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html)," he states.
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"We will alert [sports betting](https://aijoining.com/read-blog/1095_recent-massachusetts-sports-betting-legislation-features-significant-tax-hike-am.html) of our concerns, to assist avoid or reduce [illegal] 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 been simply one criminal prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous investigations, and that much helpful info has also been passed to sports authorities.
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He said that where an examination by a sport governing body was quicker, and more cost reliable, then the commission would consider discontinuing a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says a lot of those aiming to cheat the sports wagering market were experienced about sports and sporting individuals, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their business."
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