commit b5bfe041eb2e37d341ea3f3465ec9deca2293290 Author: stephaniaporte Date: Thu Jan 2 12:10:23 2025 +0100 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..2547d8c --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport betting industry wants 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 service.
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Sport England estimates the value of spending 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 even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study company Sport & Markt approximates the general global gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://miggoo.com.br/read-blog/2682_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html).
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But when the stability of events are struck the gaming industry suffers, and profits are put under danger if consumers can not wager with self-confidence.
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And there can have been few higher-profile sport [sports betting](https://disgaeawiki.info/index.php/User:CaitlynOliver) 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 speak about the [sports betting](https://blkbook.blactive.com/read-blog/2332_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling market now.
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"Not only is it a considerable 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 claims connecting to 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, however was banned recently for six months for failing to report the unlawful technique to him to throw frames.
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There are also 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, one of the UK's greatest online sporting exchanges.
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"If the sport is viewed as sincere, straight and reasonable that is excellent for wagering firms due to the fact that people will invest cash wagering with self-confidence," he states.
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"If you take the Pakistan accusations, although unassociated to the UK controlled [sports betting](https://social.ishare.la/read-blog/1410_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) market ... it is not truly a favorable story for betting in the UK.
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"That is because the perception is that 'cricket is now something we may need to take care 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://vibrantclubs.com/read-blog/11455_the-ins-and-outs-of-betting-on-the-nfl-draft.html) Law Report conference into [sports betting](http://social.redemaxxi.com.br/read-blog/1660_sport-betting-industry-aims-to-protect-itself.html), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people 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://philadelphiaflyersclub.com/read-blog/8462_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 merely have deterrents, sanctions and disciplinary procedures, but that the method to take on prospective concerns around players is also through education.
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Mr Taylor says rules require to be discussed plainly to gamers with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://ca.viquiblo.org/index.php/Usuari:HaroldChaney) wagering you reinforce stability which remains in everybody's interest," he includes.
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"If gamers 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 at the Football Association, agrees.
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"Prevention is better than treatment, and we also make a point of informing gamers 'you are going to be caught'."
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"It is necessary 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 bet, that is not in gaming firms' interests, and it is not in our interests."
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He said that as soon as a good credibility was lost, the damage to a sport was "incalculable".
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FA rules imply gamers are not allowed to bet on a competitors in which they are included.
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Mr Johnson says players have to be seen not to be capitalizing any inside knowledge, which he states might cause "brand damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational risk to the game," he states. "Once 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 maybe 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 regulate business gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all [sports betting](https://www.social.united-tuesday.org/read-blog/19462_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) 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://pipewiki.org/wiki/index.php/User:DorieF13581) happening 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 cheating has the prospective to weaken the stability of a sport, and it also harms the commercial interests of [sports betting](https://ask.onekeeitsolutions.com/index.php?qa=100967&qa_1=for-sports-gambling-to-be-legalised) bodies and [sports betting](https://socialsnug.net/read-blog/8135_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering."
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The commission has developed an in-house [Sports Betting](https://socialsmerch.com/read-blog/10502_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Intelligence Unit to receive and share info to sporting authorities, [sports betting](https://nexthub.live/read-blog/136_how-much-are-americans-spending-on-sports-betting.html) companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](http://experienciacortazar.com.ar/wiki/index.php?title=Usuario:Bess29X169949975)," he states.
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"We will signal [sports betting](https://oolibuzz.com/read-blog/41601_online-betting-firms-gamble-on-soccer-mad-nigeria.html) of our issues, to help avoid or reduce [prohibited] activity"
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In May 2010, the commission also presented 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 warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, which much useful info has likewise been passed to [sports betting](https://vishwakarmacommunity.org/read-blog/7947_compare-amp-review-oddsjet-de.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](http://social.redemaxxi.com.br/read-blog/1660_sport-betting-industry-aims-to-protect-itself.html) governing bodies take the lead".
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Meanwhile, he says much of those looking to cheat the [sports betting](https://www.heesah.com/read-blog/2284_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) industry were experienced about [sports betting](https://ekotur.online/sports-betting/the-ins-and-outs-of-betting-on-the-nfl-draft-3/) and sporting people, and about wagering operations and the movement of cash.
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"They seek out the vulnerabilities of these to help in their enterprises."
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Related web links
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World [sports betting](https://www.heesah.com/read-blog/2284_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.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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