From 103ea1d8b2e8d14e6f3b897606b499ff8b248abe Mon Sep 17 00:00:00 2001 From: briannedegruch Date: Wed, 29 Jan 2025 19:10:11 -0600 Subject: [PATCH] Add 'Sport Betting Industry Aims To Protect Itself' --- ...Betting-Industry-Aims-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md 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..01b5d75 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Betting on sport is big business.
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Sport England approximates 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 likely to have grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research company Sport & Markt estimates the total global gambling 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 gaming market suffers, and incomes are put under hazard if consumers can not bet with confidence.
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And there can have been couple of higher-profile sport betting 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://collegetalks.site/read-blog/12996_latest-ma-sports-betting-bill-includes-massive-tax-increase-and-ban-on-in-play-b.html) market now.
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"Not only is it a significant market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually 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 also 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 champion John Higgins was cleared of match-fixing claims, but was prohibited recently for six months for failing to report the prohibited approach to him to toss frames.
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There are also 2 other continuing investigations - 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 truthful, straight and reasonable that benefits wagering firms due to the fact that people will invest cash wagering with confidence," he states.
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"If you take the Pakistan accusations, although unassociated to the UK managed wagering industry ... it is not really a favorable story for betting in the UK.
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"That is since the perception is that 'cricket is now something we might need 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 Law Report conference into sports gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "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://aquirola.com.br/read-blog/7987_sport-betting-industry-wants-to-protect-itself.html) in the UK, being an umbrella organisation for all gamer 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 way to tackle prospective issues around gamers is likewise through education.
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Mr Taylor says rules need to be explained clearly to gamers with clear examples, and by individuals they respect.
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"Through educating players about sports wagering you reinforce stability 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 also make a point of informing gamers 'you are going to be caught'."
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"It is essential that sport is straight, and is seen to be straight," he adds.
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"If it loses that then individuals don't desire to wager, that is not in gambling firms' interests, and it is not in our interests."
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He stated that once an excellent credibility was lost, the damage to a sport was "enormous".
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FA rules indicate players are not enabled to bet on a competition in which they are included.
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Mr Johnson states players have to be seen not to be capitalizing any inside understanding, which he states could trigger "brand damage" to football and its competitions.
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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 last the following spring.
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"We have to overcome to players the reputational danger to the game," he says. "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" 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 Gambling Act 2005 to regulate commercial gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of sports wagering happening 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 cheating has the potential to weaken the integrity of a sport, and it likewise hurts the commercial interests of [sports betting](https://catvcommunity.com.tr/read-blog/6187_sport-betting-industry-looks-to-protect-itself.html) bodies and sports wagering."
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The commission has actually established an internal [Sports Betting](https://mysuccessdarpan.com/read-blog/13626_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to receive and share info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://spcreator.com/read-blog/92_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) wagering," he states.
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"We will alert [sports betting](http://smuniverse.com/bbs/board.php?bo_table=smu4_3_eng&wr_id=124344) of our concerns, to assist prevent or curtail [illegal] activity"
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In May 2010, the commission likewise presented a confidential 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 duration there has actually been simply one criminal prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing investigations, and that much helpful info has actually also been passed to [sports betting](https://newyorktimesnow.com/read-blog/70918_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense reliable, then the commission would consider ceasing a criminal investigation "in favour of letting [sports betting](http://wowonder.technologyvala.com/read-blog/168_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) governing bodies take the lead".
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Meanwhile, he says much of those seeking to cheat the [sports betting](https://unightlifetalk.site/read-blog/3738_sport-betting-industry-looks-to-protect-itself.html) wagering industry were well-informed about [sports betting](http://bammada.co.kr/free/latest-massachusetts-sports-betting-legislation-features-massive-tax/) and sporting people, and about wagering operations and the movement of cash.
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"They seek out the vulnerabilities of these to assist in their business."
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