commit 4485c6aa7d47dc8d37fe390e3b0f7f199fa4fc08 Author: alexandrabain Date: Tue Dec 31 18:17:53 2024 +0300 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..2c4c690 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering market wants to protect itself
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16 September 2010
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
By Bill Wilson
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Business reporter, BBC News
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Betting on sport is huge organization.
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Sport England approximates the value of costs on sport-related [sports betting](http://www.larsaluarna.se/index.php/User:OtiliaLamm931) 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 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 study firm Sport & Markt approximates the overall international betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://alkhuld.org/score-big-wins-how-sports-betting-software-drives-growth-and-engagement/) gambling.
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But when the stability of events are struck the betting industry suffers, and revenues are put under risk if clients can not wager with self-confidence.
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And there can have been couple of higher-profile sport betting stories than those affecting 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://links.gtanet.com.br/oihcaren212) 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 papers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations connecting 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 installed versus 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 allegations, however was banned last week for 6 months for stopping working to report the prohibited approach 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 biggest online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that benefits wagering companies since people will invest money wagering with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated betting market ... it is not truly a positive story for betting in the UK.
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"That is because the understanding is that 'cricket is now something we may need to be cautious 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 experts at a World [sports betting](https://social.ppmandi.com/read-blog/212_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) Law Report conference into [sports betting](https://uptoscreen.com/read-blog/74178_for-sports-gambling-to-be-legalised.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals 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](http://woorichat.com/read-blog/10277_things-you-need-to-learn-about-rafting-adventures.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 treatments, but that the method to deal with possible problems around gamers is likewise through education.
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Mr Taylor says guidelines need to be discussed clearly to gamers with clear examples, and by people they respect.
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"Through informing gamers about [sports betting](https://social.oneworldonesai.com/read-blog/1629_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering you enhance integrity which remains in everybody's interest," he includes.
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"If gamers are more difficult 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, agrees.
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"Prevention is better than cure, and we likewise make a point of telling gamers 'you are going to be caught'."
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"It is important that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals do not want to bet, that is not in betting companies' interests, and it is not in our interests."
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He stated that once a great reputation was lost, the damage to a sport was "incalculable".
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FA rules suggest gamers are not to bet on a competitors in which they are included.
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Mr Johnson states gamers have to be seen not to be capitalizing any inside understanding, which he states might cause "brand name damage" to football and its competitors.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to gamers the reputational risk 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 manage commercial [sports betting](https://younivix.com/read-blog/29899_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all [sports betting](https://truthbook.social/read-blog/8348_how-are-betting-odds-calculated.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://wow.twinear.com/read-blog/1005_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) taking place through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting occasion.
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"Such unfaithful has the prospective to undermine the integrity of a sport, and it also harms the commercial interests of [sports betting](https://tartar.app/read-blog/1715_compare-amp-review-oddsjet-de.html) bodies and [sports betting](https://alumni.myra.ac.in/read-blog/148728_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering."
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The commission has developed an in-house [Sports Betting](https://thewion.com/read-blog/184752_sport-betting-industry-seeks-to-protect-itself.html) Intelligence Unit to receive and disseminate info to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://socialsmerch.com/read-blog/10534_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) wagering," he says.
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"We will inform [sports betting](https://chat.app8station.com/read-blog/3240_missouri-sports-betting-ballot-measure-approved-by-voters.html) of our concerns, to assist prevent or reduce [illegal] activity"
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In May 2010, the commission likewise presented a confidential 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 been just one criminal prosecution, a 24-year-old guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing examinations, which much beneficial info has also been passed to [sports betting](https://issosyal.com/read-blog/10033_exploring-the-sports-betting-industry-putting-ideas-into-practice.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 consider terminating a criminal examination "in favour of letting [sports betting](https://truthbook.social/read-blog/8331_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) governing bodies take the lead".
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Meanwhile, he says a lot of those wanting to cheat the [sports betting](http://touringtreffen.nl/read-blog/2370_compare-amp-review-oddsjet-de.html) industry were experienced about [sports betting](https://seenoor.com/read-blog/433_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) and sporting people, and about [sports betting](https://octomo.co.uk/read-blog/6512_things-you-need-to-understand-about-rafting-adventures.html) operations and the motion 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](http://touringtreffen.nl/read-blog/2370_compare-amp-review-oddsjet-de.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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The BBC is not responsible for the material of external sites.
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