From 6dacb2935620cc61b165f5475c0ae35370aca301 Mon Sep 17 00:00:00 2001 From: hershelconnors Date: Wed, 29 Jan 2025 22:50:14 +0800 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 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..9eee2b7 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial company.
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Sport England estimates the worth 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 grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study company Sport & Markt estimates the total worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports gaming.
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But when the integrity of events are struck the gambling industry suffers, and profits are put under risk if clients can not bet 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 talks about the sports gambling market now.
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"Not just 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 been questioned by cops over spot-fixing allegations associating with a test against England at Lord's last month.
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Three of these players have stated 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 claims, however was banned last week for 6 months for failing to report the prohibited method to him to throw frames.
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There are likewise two other continuing examinations - 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 good for wagering firms since people will invest money wagering with self-confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK regulated betting market ... it is not really a favorable story for wagering in the UK.
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"That is because the perception is that 'cricket is now something we may have to be careful 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 professionals at a World Sports Law Report conference into [sports betting](https://ai.holiday/read-blog/12941_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only people who can repair a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://airentalk.com/read-blog/95_sport-betting-industry-looks-to-protect-itself.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 tackle potential problems around players is also through education.
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Mr Taylor says guidelines require to be described plainly to gamers with clear examples, and by individuals they appreciate.
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"Through informing gamers about [sports betting](https://famenest.com/read-blog/67154_sport-betting-industry-seeks-to-protect-itself.html) wagering you reinforce integrity which remains in everybody's interest," he adds.
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"If players 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 better than cure, and we likewise make a point of telling players 'you are going to be caught'."
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"It is vital that sport is straight, and is seen to be straight," he includes.
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"If it loses that then individuals do not wish to wager, that is not in betting firms' 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 "enormous".
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FA rules indicate players are not enabled to bet on a competitors in which they are involved.
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Mr Johnson states gamers have to be seen not to be capitalizing any inside knowledge, which he states might 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 last the following spring.
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"We have to get over to gamers the reputational danger to the game," he says. "Once self-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 maybe Nick Tofiluk, director of regulation 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 betting in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/New_MA_Sports_Betting_Proposal_Includes_Significant_Tax_Boost_Ban_On_In-Play_Betting) happening through UK operators is legal and reasonable," he says.
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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 cheating has the possible to weaken the integrity of a sport, and it likewise hurts the industrial interests of [sports betting](https://social.ppmandi.com/read-blog/2112_sport-betting-industry-seeks-to-protect-itself.html) bodies and [sports betting](https://demo.wowonderstudio.com/read-blog/4760_sport-betting-industry-looks-to-protect-itself.html)."
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The commission has developed an internal [Sports Betting](https://www.lamgharba.ma/read-blog/1341_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to receive and disseminate info to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://wiki.tld-wars.space/index.php/UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling)," he states.
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"We will inform sports of our concerns, to help prevent or cut [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 period there has been simply one prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, and that much useful info has actually also been passed to [sports betting](https://insta.tel/read-blog/107604_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) authorities.
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He stated that where an examination 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](http://bir.localmesh.org/doku.php?id=ecent_massachusetts_spo_ts_betting_bill_includes_massive_tax_hike) governing bodies take the lead".
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Meanwhile, he states numerous of those looking to cheat the [sports betting](http://jirisandk.com/pbbs/bbs/board.php?bo_table=after&wr_id=329405) industry were knowledgeable about [sports betting](https://dream-weaver.co.kr/bbs/board.php?bo_table=free&wr_id=675255) and sporting people, and about wagering operations and the motion of cash.
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"They look for out the vulnerabilities of these to help in their enterprises."
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