commit 31d918d469a547976d3f0d84fa643ec30291b735 Author: kendrickbuckma Date: Sat Jan 4 01:05:11 2025 +0100 Add Sport Betting Industry Wants To Protect Itself 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..d7157d7 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport [sports betting](http://video.firstkick.live/read-blog/4623_things-you-need-to-understand-about-rafting-adventures.html) market seeks to secure 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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[sports betting](https://social.myschoolfriend.ng/read-blog/40844_how-are-betting-odds-calculated.html) on sport is substantial company.
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Sport England estimates 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 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 estimates the total international [sports betting](https://realhindu.in/read-blog/21384_things-you-need-to-understand-about-rafting-adventures.html) market will be worth 263 (₤ 220bn) by 2012, with much of that driven by [internet](https://munidigital.iie.cl/wiki/index.php?title=Usuario:MargueriteRanken) and [sports betting](https://mediawiki1263.00web.net/index.php/User:KelleyWakehurst).
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But when the integrity of events are hit the gambling market suffers, and incomes are put under danger if consumers can not bet with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](https://vishwakarmacommunity.org/read-blog/7949_just-how-much-are-americans-spending-on-sports-betting.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 discuss the [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=86524&qa_1=begin-winning-with-pcg-college-football-picks) gambling market now.
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"Not only is it a considerable 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 police over spot-fixing allegations associating with a test versus England at Lord's last month.
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Three of these players have stated they will likewise 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 champion John Higgins was cleared of match-fixing claims, however was prohibited recently for 6 months for failing to report the prohibited method to him to toss frames.
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There are likewise two other continuing investigations - not associated 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 perceived as sincere, straight and reasonable that is excellent for wagering firms because individuals will invest cash [sports betting](https://sportysocialspace.com/read-blog/12005_how-much-are-americans-spending-on-sports-betting.html) with self-confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated wagering industry ... it is not actually a positive story for wagering in the UK.
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"That is since 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 professionals at a World [sports betting](https://alumni.myra.ac.in/read-blog/148499_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://iochats.com/read-blog/30905_things-you-need-to-learn-about-rafting-adventures.html) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the [Professional Players'](https://coptr.digipres.org/index.php/User:ShelbyButcher62) Federation mentions: "The only individuals who can repair a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://www.buzzgate.net/read-blog/509_online-betting-firms-gamble-on-soccer-mad-nigeria.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 inadequate to merely have deterrents, sanctions and disciplinary procedures, but that the method to tackle prospective issues around players is also through education.
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Mr Taylor states rules need to be explained plainly to players with clear examples, and by people they appreciate.
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"Through informing players about [sports betting](http://wiki-tb-service.com/index.php?title=Benutzer:TimothySedgwick) wagering you enhance integrity and that 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 guidance at the Football Association, concurs.
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"Prevention is better than cure, 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 directly, and is seen to be straight," he adds.
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"If it loses that then individuals do not desire to wager, that is not in gambling companies' interests, and it is not in our interests."
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He stated that when a good credibility was lost, the damage to a sport was "enormous".
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FA rules imply players are not allowed 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 cashing in on any inside understanding, which he states could trigger "brand name damage" to football and its competitions.
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So, even a 2nd 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 get over to players the reputational threat to the video game," he states. "Once self-confidence has been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" method, then maybe Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to [regulate business](https://systemcheck-wiki.de/index.php?title=Benutzer:EvaDemko758227) gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all [sports betting](https://redmonde.es/read-blog/180_how-much-are-americans-spending-on-sports-betting.html) in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://www.eruptz.com/read-blog/19170_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering happening through UK operators is legal and fair," he states.
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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 undermine the integrity of a sport, and it also harms the [industrial](https://social.vetmil.com.br/read-blog/15508_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) interests of [sports betting](https://tribetok.com/read-blog/92_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) bodies and [sports betting](https://philadelphiaflyersclub.com/read-blog/8433_enhance-your-business-opportunities-with-efficient-sports-apps.html) wagering."
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The commission has established an internal [Sports Betting](https://drapia.org/11-WIKI/index.php/User:FernOReilly1999) Intelligence Unit to get and share info to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually [experienced](https://realhindu.in/read-blog/21254_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) a significant insight into world of corrupt [sports betting](https://jimsusefultools.com/index.php/User:AlmedaKeir444)," he says.
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"We will signal [sports betting](https://bigtoc.com/read-blog/8972_compare-amp-review-oddsjet-de.html) of our issues, to assist avoid or curtail [illegal] activity"
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In May 2010, the commission likewise presented a private 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 duration there has actually been just one prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous examinations, which much beneficial details has also been passed to [sports betting](https://globalunitedspirits.com/read-blog/3649_how-fantasy-betting-app-development-companies-and-sports-developers.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost reliable, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://sotawiki.net/sota/User:LucindaFishbourn) governing bodies take the lead".
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Meanwhile, he says a number of those seeking to cheat the [sports betting](https://nuo18.lt/read-blog/68918_how-much-are-americans-spending-on-sports-betting.html) wagering market were knowledgeable about [sports betting](https://twixxor.com/read-blog/8947_how-fantasy-betting-app-development-companies-and-sports-developers.html) and sporting people, and about wagering operations and the movement of money.
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"They look for the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://sfqatest.sociofans.com/read-blog/661_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.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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