From 7568c2623cc97a998a6a351b0d877b57811b7a93 Mon Sep 17 00:00:00 2001 From: chanacoaldrake Date: Tue, 31 Dec 2024 21:06:47 +0800 Subject: [PATCH] Update '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..8b89d12 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market aims to secure 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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[sports betting](http://archmageriseswiki.com/index.php/User:TheresaVelazquez) on sport is substantial service.
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Sport England approximates the value 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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Which figure is most likely to have actually grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research company Sport & Markt estimates the general market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://tartar.app/read-blog/1715_compare-amp-review-oddsjet-de.html) gambling.
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But when the integrity of occasions are struck the [sports betting](https://oolibuzz.com/read-blog/41745_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) market suffers, and profits are put under risk if [customers](http://social.redemaxxi.com.br/read-blog/1473_just-how-much-are-americans-investing-in-sports-betting.html) can not bet with confidence.
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And there can have been couple of higher-profile sport [sports betting](https://unightlifetalk.site/read-blog/2631_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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://jimsusefultools.com/index.php/User:LisaCastanon2) gambling market now.
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"Not only is it a significant market in world organization, 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 claims relating to a test against England at Lord's last month.
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Three of these players have actually said they will likewise challenge the corruption charges mounted 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, however was banned recently for 6 months for failing to report the unlawful technique to him to throw frames.
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There are likewise 2 other continuing examinations - 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 most significant online sporting exchanges.
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"If the sport is perceived as truthful, straight and fair that benefits [sports betting](https://netgork.com/read-blog/111615_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) firms since people will invest money [sports betting](https://bbarlock.com/index.php/User:Yanira7084) with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK managed wagering industry ... 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 avoid future scandals?
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According to experts at a World [sports betting](https://nexthub.live/read-blog/69_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) Law Report conference into [sports betting](https://www.sportfansunite.com/read-blog/240_the-history-of-the-nfl-and-how-to-bet-on-it.html), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can fix a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://lubuzz.com/read-blog/84_things-you-need-to-know-about-rafting-adventures.html) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He believes that it is insufficient to simply have deterrents, sanctions and disciplinary procedures, but that the method to take on [prospective](https://wiki.vst.hs-furtwangen.de/wiki/User:FlossieStapley1) problems around gamers is also through education.
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Mr Taylor states rules need to be described plainly to players with clear examples, and by individuals they respect.
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"Through informing players about [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:ElanaHeilman9) you strengthen stability and that remains in everybody's interest," he adds.
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"If gamers 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 better than treatment, and we likewise make a point of informing players 'you are going to be captured'."
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"It is imperative that sport is straight, and is seen to be directly," he adds.
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"If it loses that then people don't wish to wager, that is not in [sports betting](https://mixup.wiki/index.php/User:MarleneCall) firms' interests, and it is not in our interests."
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He said that as soon as a great credibility was lost, the damage to a sport was "enormous".
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FA guidelines suggest gamers are not allowed to bank on a competitors in which they are included.
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Mr Johnson states gamers need to be seen not to be capitalizing any inside understanding, which he says might trigger "brand name damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the autumn can not bet on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to gamers the reputational threat to the video game," he says. "Once confidence has been harmed it is difficult 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 guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up 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 obligation for policing all wagering 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://octomo.co.uk/read-blog/6502_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) occurring 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 occasion.
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"Such unfaithful has the potential to undermine the integrity of a sport, and it likewise hurts the industrial interests of [sports betting](https://doum.cn/read-blog/1927_how-to-play-bet9ja-online.html) bodies and [sports betting](https://we2chat.net/read-blog/26326_sport-betting-industry-wants-to-protect-itself.html)."
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The commission has actually developed an in-house [Sports Betting](https://jamboz.com/read-blog/155_how-are-betting-odds-calculated.html) Intelligence Unit to get and share information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://bdstarter.com/online-betting-firms-gamble-on-soccer-mad-nigeria-2/) wagering," he says.
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"We will inform [sports betting](https://oeclub.org/index.php/User:AshlyClymer6) of our concerns, to assist prevent or curtail [prohibited] activity"
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In May 2010, the commission also introduced a private 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 period there has been just one 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 examinations, and that much helpful info has likewise been passed to [sports betting](https://cheere.org/read-blog/36304_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) 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 think about ceasing a criminal examination "in favour of letting [sports betting](https://www.athleticzoneforum.com/read-blog/752_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) governing bodies take the lead".
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Meanwhile, he states much of those looking to cheat the [sports betting](https://wiki.whenparked.com/User:LuigiVeitch21) market were knowledgeable about [sports betting](https://globalabout.com/read-blog/16971_sport-betting-industry-aims-to-protect-itself.html) and sporting people, and about [sports betting](https://demo.wowonderstudio.com/read-blog/2536_how-much-are-americans-investing-in-sports-betting.html) operations and the motion of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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Related web links
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World [sports betting](https://app.theremoteinternship.com/read-blog/25807_just-how-much-are-americans-spending-on-sports-betting.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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