commit efa307b40eeb5d7cc9eafb9ede0bfc3a87b4680d Author: aliwanganeen49 Date: Wed Jan 1 19:30:29 2025 -0600 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..5c5dea5 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
[Sport wagering](https://coptr.digipres.org/index.php/User:AlbertaKevin56) market looks 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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[sports betting](https://ai.holiday/read-blog/12062_the-history-of-the-nfl-and-how-to-bank-on-it.html) on sport is big organization.
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Sport England approximates the value of costs on sport-related [sports betting](https://strimsocial.net/read-blog/20096_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) 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 grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt approximates the total international gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://africasfaces.com/read-blog/5932_the-ins-and-outs-of-betting-on-the-nfl-draft.html) gambling.
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But when the integrity of events are struck the gambling market suffers, and incomes are put under danger 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 discuss the [sports betting](https://web-chat.cloud/question2answer/index.php?qa=41761&qa_1=the-ins-and-outs-of-betting-on-the-nfl-draft) gambling market now.
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"Not only is it a substantial market in world service, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing accusations connecting to a test versus England at Lord's last month.
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Three of these gamers have stated 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 accusations, but was banned recently for six months for failing to report the prohibited approach to him to toss frames.
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There are likewise 2 other continuing investigations - 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 greatest online sporting exchanges.
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"If the sport is perceived as truthful, straight and [reasonable](https://www.amedaychats.com/read-blog/880_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) that is good for [sports betting](https://www.contraband.ch/read-blog/41886_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) firms because people will invest money wagering with confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK controlled [sports betting](https://lidoo.com.br/read-blog/14737_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) market ... it is not actually a favorable story for [sports betting](https://coptr.digipres.org/index.php/User:MargoFikes74082) in the UK.
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"That is because the understanding is that 'cricket is now something we might need to beware 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 betting](https://doum.cn/read-blog/1970_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://sfqatest.sociofans.com/read-blog/656_how-fantasy-betting-app-development-companies-and-sports-developers.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "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](https://thatswhathappened.wiki/index.php/User:AlfredKroger0) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He thinks that it is not sufficient to merely have deterrents, sanctions and disciplinary procedures, however that the method to tackle potential problems around players is likewise through education.
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Mr Taylor says rules need to be described clearly to gamers with clear examples, and by people they respect.
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"Through informing gamers about [sports betting](https://theconnectly.com/read-blog/4149_just-how-much-are-americans-spending-on-sports-betting.html) you reinforce stability which is in everyone'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 recommendations at the Football Association, agrees.
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"Prevention is better than treatment, and we likewise make a point of informing gamers 'you are going to be caught'."
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"It is essential that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals don't want to wager, that is not in gaming companies' interests, and it is not in our interests."
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He stated that when a good reputation was lost, the damage to a sport was "enormous".
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FA guidelines suggest players are not allowed to bank on a competitors in which they are included.
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Mr Johnson says players have actually to be seen not to be capitalizing any inside understanding, which he states might trigger "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 fall can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to get over to players the reputational danger to the video game," he states. "Once confidence has actually 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 possibly Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Act 2005 to manage business [sports betting](https://inicknet.com/read-blog/2197_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://forum.petstory.ge/read-blog/3400_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://tribetok.com/read-blog/24_how-to-play-bet9ja-online.html) occurring 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 potential to weaken the stability of a sport, and it also harms the business interests of [sports betting](https://learn.ivlc.com/read-blog/62_how-to-attract-users-to-my-fantasy-sports-platform.html) bodies and [sports betting](https://socialsnug.net/read-blog/8156_compare-amp-review-oddsjet-de.html)."
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The commission has actually developed an in-house [Sports Betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:StanleyBaughan) Intelligence Unit to get and disseminate details to sporting authorities, [sports betting](https://grade1d.smaportal.ae/read-blog/2420_how-fantasy-betting-app-development-companies-and-sports-developers.html) companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://www.eruptz.com/read-blog/17393_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering," he states.
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"We will notify [sports betting](https://canadasimple.com/index.php/User:AuroraBirdsall9) of our issues, to assist prevent or reduce [unlawful] activity"
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In May 2010, the commission likewise introduced a private 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 actually been simply one criminal prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing investigations, which much beneficial information has likewise been passed to [sports betting](https://richonline.club/read-blog/3451_how-much-are-americans-spending-on-sports-betting.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost effective, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://hcsxy2024.com/read-blog/2028_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he states a number of those aiming to cheat the [sports betting](https://wo.linyway.com/read-blog/1760_why-every-cricket-fan-must-try-the-all-cricket-id-gaming-platform.html) wagering industry were experienced about [sports betting](https://customerscomm.com/read-blog/3704_things-you-need-to-understand-about-rafting-adventures.html) and sporting people, and about wagering 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](https://tripta.social/read-blog/1306_missouri-sports-betting-ballot-measure-approved-by-voters.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
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
BLP
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Gambling Commission
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