From a43c3aa28818adfda277ba17739492bfe0710ab2 Mon Sep 17 00:00:00 2001 From: britneyhci4641 Date: Thu, 2 Jan 2025 14:44:34 +0800 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 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..aa8bf2e --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market seeks to protect itself
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16 September 2010
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By Bill Wilson
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Business press reporter, BBC News
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Betting on sport is big company.
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Sport England approximates the value of costs on sport-related [sports betting](https://fishtanklive.wiki/User:LatiaDiederich) 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 approximates the total worldwide [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/User:QPGMatilda) market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://social.concienciacasanare.com/read-blog/11_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) gaming.
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But when the stability of occasions are hit the gaming industry suffers, and revenues are put under danger if clients can not bet with self-confidence.
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And there can have been couple of higher-profile sport wagering 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 talks about the [sports betting](https://www.proathletediscuss.com/read-blog/417_how-much-are-americans-spending-on-sports-betting.html) market now.
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"Not just is it a considerable market in world service, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing claims relating to a test versus England at Lord's last month.
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Three of these gamers have stated 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, however was banned recently for six months for failing to report the illegal approach to him to throw frames.
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There are likewise 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, among the UK's biggest online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that benefits [sports betting](https://social.myschoolfriend.ng/read-blog/40944_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) firms since individuals will invest cash wagering with self-confidence," he states.
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"If you take the Pakistan accusations, although unassociated to the UK regulated wagering industry ... it is not really a favorable story for betting in the UK.
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"That is since the understanding is that 'cricket is now something we may have to be careful 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://taar.me/read-blog/8434_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Law Report conference into [sports betting](https://kiigasofthub.com/read-blog/10136_sport-betting-industry-looks-to-protect-itself.html) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents guys and females in 15 [sports betting](https://tribetok.com/read-blog/24_how-to-play-bet9ja-online.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 not adequate to merely have deterrents, sanctions and disciplinary treatments, however that the way to tackle prospective problems around players is also through education.
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Mr Taylor says rules require to be discussed clearly to gamers with clear examples, and by people they respect.
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"Through educating players about [sports betting](https://www.contraband.ch/read-blog/41746_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) wagering you reinforce integrity which is in everybody's interest," he adds.
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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 vital that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals don't wish to bet, that is not in [sports betting](https://socialsmerch.com/read-blog/10520_sport-betting-industry-wants-to-protect-itself.html) companies' interests, and it is not in our interests."
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He stated that as soon as a good track record was lost, the damage to a sport was "incalculable".
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FA guidelines imply gamers are not to bank on a competitors 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 says might trigger "brand damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to overcome to players the reputational risk to the game," he states. "Once confidence has been harmed it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, 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 manage industrial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all [sports betting](http://1600-6765.com/board_fyUJ95/176173) in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://juryi.sn/read-blog/12074_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) wagering occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly hinder the outcome of a sporting occasion.
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"Such unfaithful has the potential to undermine the stability of a sport, and it also damages the commercial interests of [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:FlossieStapley1) bodies and [sports betting](https://unightlifetalk.site/read-blog/2638_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering."
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The commission has actually established an internal [Sports Betting](https://cittaviva.net/read-blog/25141_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Intelligence Unit to receive and share info to sporting authorities, [sports betting](https://youfurry.com/read-blog/37836_online-betting-firms-gamble-on-soccer-mad-nigeria.html) firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://www.hb9lc.org/wiki/index.php/User:JanieZahel205) wagering," he states.
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"We will alert [sports betting](https://www.contraband.ch/read-blog/41833_sport-betting-industry-looks-to-protect-itself.html) of our issues, to help avoid or cut [prohibited] activity"
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In May 2010, the commission also presented a private 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 actually been simply one criminal prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, which much useful details has actually likewise been passed to [sports betting](https://noaisocial.pro/read-blog/2341_just-how-much-are-americans-spending-on-sports-betting.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://chateando.net/read-blog/245_how-fantasy-betting-app-development-companies-and-sports-developers.html) governing bodies take the lead".
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Meanwhile, he states a number of those wanting to cheat the [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=86524&qa_1=begin-winning-with-pcg-college-football-picks) industry were educated about [sports betting](https://cittaviva.net/read-blog/25203_for-sports-gambling-to-be-legalised.html) and sporting people, and about [sports betting](https://origintraffic.com/read-blog/1656_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) operations and the movement of money.
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"They look for out the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://www.jaitun.com/read-blog/15255_exploring-the-sports-betting-industry-putting-ideas-into-practice.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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