commit 2a55ad422b0d91dfa40fc4a6e74d33e597ca64cb Author: terrellmetcalf Date: Wed Jan 29 23:10:02 2025 +0800 Add Sport Betting Industry Looks To Protect Itself diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..a92a537 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Betting on sport is huge service.
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Sport England approximates the worth of spending on sport-related betting 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 estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study company Sport & Markt approximates the overall global gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports gambling.
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But when the stability of events are struck the betting industry suffers, and revenues are put under threat if clients 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 speak about the [sports betting](https://www.ayuujk.com/read-blog/1093_latest-ma-sports-betting-bill-includes-significant-tax-hike-amp-restriction-on-r.html) market now.
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"Not only is it a considerable 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 police over spot-fixing allegations connecting to a test against England at Lord's last month.
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Three of these gamers have actually 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 allegations, however was prohibited last week for 6 months for stopping working to report the illegal technique to him to throw frames.
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There are also two 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 sincere, straight and fair that is excellent for betting companies since people will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan allegations, although unassociated to the UK controlled wagering market ... it is not really a favorable story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we might have to beware 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 professionals at a World Sports Law Report conference into sports gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents men and women in 15 sports 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 deal with possible problems around gamers is likewise through education.
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Mr Taylor states rules need to be explained plainly to players with clear examples, and by people they appreciate.
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"Through informing players about sports wagering you reinforce stability and that is in everyone's interest," he adds.
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"If players are harder to corrupt then sport will be more difficult 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 much better than remedy, and we likewise 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 individuals do not wish to bet, that is not in gambling firms' interests, and it is not in our interests."
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He said that once a good credibility was lost, the damage to a sport was "enormous".
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FA rules suggest players are not permitted to bank on a competitors in which they are involved.
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Mr Johnson says players need to be seen not to be cashing in on any inside understanding, which he states might trigger "brand damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to gamers the reputational threat to the game," he states. "Once confidence has been damaged 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 perhaps Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control business gaming in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://linked.aub.edu.lb/collab/index.php/User:GarfieldQuinton) 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 event.
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"Such unfaithful has the prospective to weaken the stability of a sport, and it also damages the industrial interests of [sports betting](https://socialgem.net/read-blog/17405_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://redebuck.com.br/read-blog/24885_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html)."
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The commission has established an internal [Sports Betting](https://topbazz.com/read-blog/45153_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to receive and distribute details to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](http://www.thedreammate.com/home/bbs/board.php?bo_table=free&wr_id=2409683) wagering," he states.
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"We will notify sports of our concerns, to assist prevent or curtail [unlawful] activity"
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In May 2010, the commission likewise introduced 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 been just one criminal prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, which much useful details has also been passed to sports authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would consider terminating a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says a number of those seeking to cheat the [sports betting](https://heyplacego.com/read-blog/1363_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) industry were knowledgeable about [sports betting](https://chateando.net/read-blog/2040_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) and sporting individuals, and about betting operations and the motion of money.
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"They seek out the vulnerabilities of these to help in their business."
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