commit b66077583483b063c8ff5a83293b8f5bcf750dd1 Author: piperhoughton1 Date: Wed Jan 8 05:15:00 2025 +0000 Add Sport Betting Industry Aims To Protect Itself diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..f8e776c --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](https://demo.shoudyhosting.com/qtoa/?qa=85734/enhance-your-business-opportunities-with-efficient-sports) industry wants to safeguard itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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Betting on sport is big service.
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Sport England estimates the worth 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 estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study firm Sport & Markt estimates the overall worldwide gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://yezidicommunity.com/read-blog/1070_how-to-play-bet9ja-online.html).
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But when the stability of occasions are struck the [sports betting](https://www.tobeop.com/warner-bros-discovery-sets-stage-for-potential-cable-deal-by/) industry suffers, and incomes are put under threat if consumers can not wager with self-confidence.
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And there can have been couple of higher-profile sport wagering 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 talks about the [sports betting](https://infosocial.top/read-blog/4002_the-ins-and-outs-of-betting-on-the-nfl-draft.html) market now.
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"Not only is it a significant 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 police over spot-fixing claims connecting to a test versus England at Lord's last month.
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Three of these gamers have actually said 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 champ John Higgins was cleared of match-fixing claims, however was prohibited recently for six months for failing to report the prohibited approach to him to toss frames.
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There are likewise two other continuing investigations - not related 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 greatest online sporting exchanges.
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"If the sport is perceived as honest, straight and fair that is great for [sports betting](http://bedfordfalls.live/read-blog/115104_the-ins-and-outs-of-betting-on-the-nfl-draft.html) firms because individuals will spend money wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK regulated wagering market ... it is not truly 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 have 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://cozwo.com/read-blog/8824_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) Law Report conference into [sports betting](https://sabiile.com/read-blog/2132_enhance-your-business-opportunities-with-efficient-sports-apps.html) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people 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://twoplustwoequal.com/read-blog/59052_how-are-betting-odds-calculated.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 treatments, but that the way to take on potential concerns around gamers is likewise through education.
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Mr Taylor says guidelines require to be discussed plainly to gamers with clear examples, and by individuals they appreciate.
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"Through informing gamers about [sports betting](https://collegetalks.site/read-blog/11872_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) you enhance integrity which is in everyone's interest," he adds.
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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 recommendations at the Football Association, agrees.
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"Prevention is much better than remedy, and we also make a point of telling gamers 'you are going to be captured'."
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"It is imperative that sport is directly, and is seen to be straight," he includes.
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"If it loses that then people don't wish to wager, that is not in betting companies' interests, and it is not in our interests."
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He said that when an excellent track record was lost, the damage to a sport was "enormous".
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FA rules suggest gamers are not enabled to bet on a competitors in which they are included.
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Mr Johnson states gamers need to be seen not to be capitalizing any inside knowledge, which he says might cause "brand name damage" to football and its competitors.
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So, even a 2nd 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 overcome to players the reputational risk to the 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 possibly 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 police, Mr Tofiluk has obligation for policing all [sports betting](https://www.kuyasia.com/read-blog/68_just-how-much-are-americans-investing-in-sports-betting.html) 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://juryi.sn/read-blog/12086_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) occurring through UK operators is legal and fair," he states.
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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 possible to undermine the stability of a sport, and it also harms the commercial interests of [sports betting](https://infosocial.top/read-blog/4025_how-fantasy-betting-app-development-companies-and-sports-developers.html) bodies and [sports betting](https://library.kemu.ac.ke/kemuwiki/index.php/User:RBEQuinn60227) wagering."
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The commission has developed an in-house [Sports Betting](https://chat.app8station.com/read-blog/3583_sport-betting-industry-looks-to-protect-itself.html) Intelligence Unit to get and disseminate info to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://sabiile.com/read-blog/2110_for-sports-gambling-to-be-legalised.html) wagering," he states.
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"We will notify [sports betting](https://youtoosocialnetwork.com/read-blog/1284_exploring-the-sports-betting-industry-putting-ideas-into-practice.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 info 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 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 continuous investigations, and that much helpful information has also been passed to [sports betting](https://gigen.net/read-blog/14_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would consider ceasing a criminal investigation "in favour of letting [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:MarilynnKesteven) governing bodies take the lead".
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Meanwhile, he states much of those looking to cheat the [sports betting](https://www.eruptz.com/read-blog/17603_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) market were well-informed about [sports betting](https://welcometohaiti.com/read-blog/18193_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) and sporting individuals, and about wagering operations and the motion of cash.
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"They look for the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://palkwall.com/read-blog/27723_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.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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