From 3bfe21fbe291ecd6d227ec83b5cc43831d957666 Mon Sep 17 00:00:00 2001 From: melvineverson0 Date: Thu, 30 Jan 2025 11:14:58 +0800 Subject: [PATCH] Update 'Sport Betting Industry Seeks To Protect Itself' --- ...etting-Industry-Seeks-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Seeks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Seeks-To-Protect-Itself.md b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md new file mode 100644 index 0000000..a414166 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial service.
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Sport England approximates the worth of costs on sport-related gaming in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that 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 firm Sport & Markt approximates the total worldwide betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://suksesvol.org/read-blog/117_sport-betting-industry-aims-to-protect-itself.html) gambling.
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But when the integrity of occasions are hit the gaming industry suffers, and profits are put under danger if clients 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 speak about the [sports betting](https://upi.ind.in/blog/index.php?entryid=32367) market now.
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"Not only is it a considerable market in world company, 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 associating with a test against England at Lord's last month.
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Three of these players have 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 prohibited last week for 6 months for failing to report the unlawful approach to him to throw frames.
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There are likewise 2 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, one of the UK's most significant online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that is great for betting companies because people will spend money wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK regulated betting 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 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 specialists at a World [sports betting](https://ideezy.com/read-blog/1111_sport-betting-industry-wants-to-protect-itself.html) Law Report conference into [sports betting](https://whatcar.vn/read-blog/6893_new-ma-sports-betting-proposal-features-significant-tax-hike-and-ban-on-in-play.html), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "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://vishwakarmacommunity.org/read-blog/8684_latest-ma-sports-betting-bill-features-significant-tax-boost-amp-restriction-on.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 not adequate to simply have deterrents, sanctions and disciplinary procedures, but that the way to deal with possible concerns around players is also through education.
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Mr Taylor states guidelines require to be discussed clearly to gamers with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](https://sharefolks.com/read-blog/22870_sport-betting-industry-looks-to-protect-itself.html) you strengthen stability which remains in everybody's interest," he includes.
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"If gamers are more difficult 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 advice at the Football Association, concurs.
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"Prevention is better than remedy, and we also make a point of informing players 'you are going to be captured'."
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"It is crucial that sport is straight, and is seen to be straight," he adds.
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"If it loses that then people don't wish to bet, that is not in gaming companies' interests, and it is not in our interests."
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He said that when a good reputation was lost, the damage to a sport was "enormous".
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FA guidelines suggest players are not permitted to bet on a competitors in which they are included.
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Mr Johnson says gamers have to be seen not to be capitalizing any inside understanding, which he states might cause "brand name damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational danger to the video game," he states. "Once self-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" method, then possibly 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 business gambling 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 frustrating bulk of [sports betting](http://goutergallery.com/bbs/board.php?bo_table=free&wr_id=905035) wagering taking place through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting event.
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"Such cheating has the prospective to weaken the stability of a sport, and it likewise hurts the industrial interests of [sports betting](https://intouch.pk/read-blog/391_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) bodies and sports wagering."
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The commission has established an in-house [Sports Betting](https://unitedstatesofbiafra.com/read-blog/243_recent-ma-sports-betting-proposal-contains-substantial-tax-hike-and-restriction.html) Intelligence Unit to receive and disseminate info to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://wow.t-mobility.co.il/read-blog/1169_sport-betting-industry-wants-to-protect-itself.html) wagering," he states.
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"We will inform [sports betting](https://www.tobeop.com/new-massachusetts-sports-betting-proposal-features-significant-tax-increase-prohibition-on-real-time-betting/) of our issues, to help prevent or cut [prohibited] activity"
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In May 2010, the commission also presented a confidential 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 actually been just one prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing investigations, and that much beneficial info has actually likewise been passed to [sports betting](http://robertchang.ca/bbs/board.php?bo_table=free&wr_id=3307179) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would think about ceasing a criminal examination "in favour of letting [sports betting](https://learn.ivlc.com/read-blog/1278_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he says numerous of those looking to cheat the [sports betting](http://jeonilmedia.com/bbs/board.php?bo_table=free&wr_id=21600) industry were knowledgeable about sports and sporting people, and about betting operations and the movement of money.
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"They seek out the vulnerabilities of these to help in their business."
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