From 8059ee2a1d4d98334d189ac6234212baf8788964 Mon Sep 17 00:00:00 2001 From: jamelpartridge Date: Wed, 29 Jan 2025 22:27:01 +0800 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Seeks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Seeks-To-Protect-Itself.md b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md new file mode 100644 index 0000000..581cbec --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge organization.
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Sport England estimates the value of costs 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 likely to have actually grown further, 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 approximates the total global gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://pittsburghpenguinsclub.com/read-blog/14653_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gambling.
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But when the stability of events are hit the gambling market suffers, and earnings are put under hazard if consumers can not wager with self-confidence.
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And there can have been few 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://wiki.fablabbcn.org/Sport_Betting_Industry_Aims_To_Protect_Itself) gambling market now.
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"Not just is it a significant market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually 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 said they will likewise 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 claims, but was prohibited recently for 6 months for failing to report the unlawful method to him to throw frames.
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There are likewise two 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 sincere, straight and reasonable that is excellent for betting companies due to the fact that people will spend cash wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK regulated wagering market ... it is not really a positive story for wagering in the UK.
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"That is due to the fact that 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 experts at a World Sports Law Report conference into [sports betting](https://familytrip.kr/free/99), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://messengerkivu.com/read-blog/3557_latest-ma-sports-betting-bill-features-significant-tax-boost-and-ban-on-live-bet.html) 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 treatments, but that the way to take on potential issues around gamers is also through education.
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Mr Taylor states rules need to be explained clearly to gamers with clear examples, and by people they appreciate.
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"Through informing players about [sports betting](http://kimtec.co.kr/bbs/board.php?bo_table=free&wr_id=985581) you reinforce integrity which is in everyone's interest," he includes.
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"If players 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 advice at the Football Association, concurs.
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"Prevention is much better than remedy, and we likewise make a point of informing gamers 'you are going to be captured'."
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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 don't want to bet, that is not in betting companies' interests, and it is not in our interests."
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He stated that when a good track record was lost, the damage to a sport was "enormous".
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FA guidelines indicate gamers are not allowed to wager on a competitors in which they are involved.
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Mr Johnson states gamers have to be seen not to be cashing in on any inside understanding, which he says could cause "brand name damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to players the reputational danger to the game," he says. "Once confidence has actually 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 regulate industrial betting in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has obligation for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://jamboz.com/read-blog/1339_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) happening through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting occasion.
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"Such cheating has the possible to undermine the stability of a sport, and it likewise damages the commercial interests of [sports betting](https://social.nirantara.net/read-blog/72_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](http://naviondental.com/bbs/board.php?bo_table=free&wr_id=1567078)."
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The commission has actually developed an internal [Sports Betting](https://catvcommunity.com.tr/read-blog/6187_sport-betting-industry-looks-to-protect-itself.html) Intelligence Unit to receive and disseminate info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt sports wagering," he states.
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"We will notify sports of our issues, to assist prevent or cut [prohibited] activity"
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In May 2010, the commission also presented a confidential telephone hotline for those with details or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year duration there has been just one criminal prosecution, a 24-year-old male who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing investigations, which much helpful info has actually also been passed to sports authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost reliable, then the commission would consider terminating a criminal examination "in favour of letting [sports betting](http://video.firstkick.live/read-blog/6400_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he says much of those aiming to cheat the [sports betting](https://globalunitedspirits.com/read-blog/4021_recent-ma-sports-betting-proposal-contains-massive-tax-increase-amp-restriction.html) wagering market were knowledgeable 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 business."
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