commit ce9869ea7ced2b3677abb72ef4dc0c674f1b758e Author: kaylenepropst Date: Tue Dec 31 06:48:19 2024 +0000 Add Sport Betting Industry Seeks To Protect Itself 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..a038a4d --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +
Sport wagering industry aims to protect itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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Betting on sport is substantial organization.
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Sport England approximates the value of costs on sport-related betting 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 season.
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Meanwhile, German research firm Sport & Markt approximates the total worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://www.athleticzoneforum.com/read-blog/735_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling.
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But when the stability of occasions are struck the gaming industry suffers, and earnings are put under threat if clients can not bet with confidence.
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And there can have been few higher-profile sport [sports betting](https://mediawiki1263.00web.net/index.php/User:RodneyMal7903229) 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://king-wifi.win/wiki/User:CaitlynX72) gambling market now.
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"Not only is it a significant market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations associating with a test against England at Lord's last month.
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Three of these players have said they will likewise 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 claims, but was banned recently for 6 months for stopping working to report the prohibited method to him to throw frames.
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There are likewise 2 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, among the UK's most significant online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is excellent for because people will invest cash [sports betting](https://cheere.org/read-blog/36300_the-history-of-the-nfl-and-how-to-bank-on-it.html) with self-confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK managed betting industry ... it is not actually a favorable story for wagering in the UK.
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"That is because the perception is that 'cricket is now something we might 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://krazzykross.com/read-blog/1494_for-sports-gambling-to-be-legalised.html) Law Report conference into [sports betting](https://flowsocial.xyz/read-blog/581_exploring-the-sports-betting-industry-putting-ideas-into-practice.html), 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 repair a match are the rivals or the referee."
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His organisation represents males and ladies in 15 [sports betting](https://mysuccessdarpan.com/read-blog/12326_enhance-your-business-opportunities-with-efficient-sports-apps.html) in the UK, being an umbrella organisation for all player 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 take on potential problems around gamers is also through education.
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Mr Taylor says guidelines require to be described clearly to players with clear examples, and by individuals they appreciate.
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"Through informing gamers about [sports betting](http://famedoot.in/read-blog/81_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) you strengthen stability which is in everybody's interest," he adds.
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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 suggestions at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of telling players 'you are going to be caught'."
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"It is essential that sport is straight, and is seen to be directly," he adds.
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"If it loses that then people don't want to bet, that is not in [sports betting](https://friendspo.com/read-blog/28573_sport-betting-industry-wants-to-protect-itself.html) companies' interests, and it is not in our interests."
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He stated that when a great track record was lost, the damage to a sport was "incalculable".
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FA rules indicate gamers are not allowed to bank on a competitors in which they are included.
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Mr Johnson states players have actually 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 2nd Division gamer knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational danger to the video game," he states. "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" approach, then possibly 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 manage industrial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:OlenTolentino) in the UK apart from spread [sports betting](https://social.ppmandi.com/read-blog/235_the-ins-and-outs-of-betting-on-the-nfl-draft.html), which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://octomo.co.uk/read-blog/6500_enhance-your-business-opportunities-with-efficient-sports-apps.html) happening through UK operators is legal and reasonable," 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 damages the commercial interests of [sports betting](https://woodsrunners.com/index.php/User:BethKraker1) bodies and [sports betting](https://we2chat.net/read-blog/26291_online-betting-firms-gamble-on-soccer-mad-nigeria.html)."
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The commission has developed an internal [Sports Betting](https://ifairy.world/read-blog/1424_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Intelligence Unit to receive and distribute information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](http://yijichain.com/read-blog/15071_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering," he says.
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"We will inform [sports betting](https://seenoor.com/read-blog/433_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) of our issues, to assist avoid or cut [illegal] activity"
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In May 2010, the commission likewise introduced a personal 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 criminal prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous examinations, which much useful details has actually also been passed to [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=86524&qa_1=begin-winning-with-pcg-college-football-picks) authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would think about ceasing a criminal examination "in favour of letting [sports betting](https://pittsburghpenguinsclub.com/read-blog/11628_things-you-need-to-learn-about-rafting-adventures.html) governing bodies take the lead".
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Meanwhile, he states much of those seeking to cheat the [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=86524&qa_1=begin-winning-with-pcg-college-football-picks) wagering industry were well-informed about [sports betting](https://www.yewiki.org/User:Louisa23K1) and sporting individuals, and about [sports betting](https://uptoscreen.com/read-blog/74278_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) operations and the movement of cash.
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"They look for out the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://fishtanklive.wiki/User:EpifaniaBettis) 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 accountable for the material of external sites.
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