commit f4318a6b24490ce4214ec6817e49204f4d76ce21 Author: bettiewalden37 Date: Thu Jan 2 17:41:21 2025 +0800 Add Sport Betting Industry Looks To Protect Itself diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..2409eb2 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport [sports betting](https://soucial.net/read-blog/7645_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) market wants to safeguard 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 business.
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Sport England estimates the value of spending on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is likely to have actually 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 firm Sport & Markt approximates the general worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://bvbborussiadortmundfansclub.com/read-blog/6472_missouri-sports-betting-ballot-measure-approved-by-voters.html).
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But when the stability of events are hit the [sports betting](https://metacouture.co/read-blog/24262_online-betting-firms-gamble-on-soccer-mad-nigeria.html) market suffers, and incomes are put under threat if consumers can not wager with confidence.
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And there can have been few higher-profile sport wagering 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 discuss the [sports betting](https://aladin.social/read-blog/60905_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) market now.
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"Not only is it a considerable market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations relating to a test versus England at Lord's last month.
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Three of these players have actually said they will also 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 champion John Higgins was cleared of match-fixing accusations, but was banned last week for 6 months for failing to report the illegal 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, one of the UK's biggest online sporting exchanges.
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"If the sport is viewed as truthful, straight and fair that benefits [sports betting](https://sfqatest.sociofans.com/read-blog/654_the-ins-and-outs-of-betting-on-the-nfl-draft.html) companies since individuals will invest cash [sports betting](https://wolvesbaneuo.com/wiki/index.php/User:ValerieHofmann0) with self-confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK regulated [sports betting](https://taar.me/read-blog/8475_how-much-are-americans-spending-on-sports-betting.html) market ... it is not really a positive story for [sports betting](https://peekz.eu/read-blog/242_sport-betting-industry-looks-to-protect-itself.html) in the UK.
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"That is because the perception is that 'cricket is now something we might have 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 specialists at a World [sports betting](http://social.redemaxxi.com.br/read-blog/1670_for-sports-gambling-to-be-legalised.html) Law Report conference into [sports betting](https://worldsports.pro/read-blog/220_things-you-need-to-know-about-rafting-adventures.html), 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 competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://friendspo.com/read-blog/28362_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.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, however that the method to tackle potential concerns around gamers is also through education.
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Mr Taylor says guidelines require to be described clearly to players with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://forum.petstory.ge/read-blog/3422_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering you reinforce stability which remains in everyone'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 regulatory legal guidance at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of informing players 'you are going to be caught'."
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"It is important that sport is straight, and is seen to be directly," he adds.
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"If it loses that then people do not want to wager, that is not in gaming firms' interests, and it is not in our interests."
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He said that once a great track record was lost, the damage to a sport was "incalculable".
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FA guidelines indicate gamers are not enabled to wager on a competitors in which they are involved.
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Mr Johnson states gamers need to be seen not to be cashing in on any inside understanding, which he says could trigger "brand name 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 players the reputational risk to the video game," he states. "Once confidence has been damaged 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 perhaps Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control industrial gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has for policing all betting in the UK apart from spread [sports betting](https://ai.tienda/read-blog/7277_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html), which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://collegetalks.site/read-blog/11876_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering happening through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it also damages the business interests of [sports betting](https://puzzle.thedimeland.com/4146/things-you-need-to-learn-about-rafting-adventures) bodies and [sports betting](https://blkbook.blactive.com/read-blog/2284_the-ins-and-outs-of-betting-on-the-nfl-draft.html)."
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The commission has actually established an in-house [Sports Betting](https://www.opentx.cz/index.php/U%C5%BEivatel:AdolphMazure5) Intelligence Unit to get and disseminate information to sporting authorities, [sports betting](https://ai.florist/read-blog/35480_for-sports-gambling-to-be-legalised.html) companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://ekotur.online/gambling/how-to-attract-users-to-my-fantasy-sports-platform/) wagering," he says.
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"We will inform [sports betting](https://sotawiki.net/sota/User:BradRanclaud) of our issues, to assist prevent or reduce [illegal] activity"
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In May 2010, the commission likewise presented a personal 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 been just one prosecution, a 24-year-old man who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing examinations, which much useful information has actually also been passed to [sports betting](https://hcsxy2024.com/read-blog/2049_the-ins-and-outs-of-betting-on-the-nfl-draft.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would think about stopping a criminal investigation "in favour of letting [sports betting](https://voggisper.com/read-blog/1216_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) governing bodies take the lead".
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Meanwhile, he says a number of those looking to cheat the [sports betting](https://philadelphiaflyersclub.com/read-blog/8462_things-you-need-to-know-about-rafting-adventures.html) industry were knowledgeable about [sports betting](https://sportify.brandnitions.com/read-blog/47_sport-betting-industry-aims-to-protect-itself.html) and sporting individuals, and about [sports betting](https://profesional.id/read-blog/131_sport-betting-industry-aims-to-protect-itself.html) operations and the motion of money.
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"They seek out the vulnerabilities of these to assist in their enterprises."
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Related web links
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World [sports betting](http://archmageriseswiki.com/index.php/User:DeangeloBonython) 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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