commit d220325ef4a0128b4495069092f67d7d023f0b63 Author: shirleenwhited Date: Wed Jan 1 12:38:19 2025 +0000 Update '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..28a78f9 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport betting market wants to secure itself
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16 September 2010
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By Bill Wilson
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Business press reporter, BBC News
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[sports betting](https://clik.social/read-blog/18987_how-are-betting-odds-calculated.html) on sport is huge organization.
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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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Which figure is most likely to have actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research Sport & Markt estimates the general worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://bytes-the-dust.com/index.php/User:Joanne00U00530) gambling.
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But when the stability of events are hit the gaming industry suffers, and profits 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 wagering stories than those affecting 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://cozwo.com/read-blog/8812_online-betting-firms-gamble-on-soccer-mad-nigeria.html) market now.
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"Not just is it a substantial market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by police over spot-fixing accusations associating with a test versus England at Lord's last month.
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Three of these players have 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 champion John Higgins was cleared of match-fixing accusations, but was banned last week for 6 months for stopping working to report the illegal method to him to throw frames.
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There are likewise 2 other continuing examinations - unrelated 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 sincere, straight and reasonable that benefits [sports betting](https://www.yewiki.org/User:Joseph55L84) companies due to the fact that individuals will spend cash wagering with self-confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK regulated [sports betting](https://jimsusefultools.com/index.php/User:JensGoodsell) market ... it is not actually a favorable story for [sports betting](https://social.stssconstruction.com/read-blog/21042_how-fantasy-betting-app-development-companies-and-sports-developers.html) in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we may have to be cautious 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://app.deepsoul.es/read-blog/386_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](http://social.redemaxxi.com.br/read-blog/1477_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) gambling, the focus needs to be on sportspersons 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 competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://blkbook.blactive.com/read-blog/2282_just-how-much-are-americans-spending-on-sports-betting.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 treatments, but that the way to deal with possible problems around gamers is likewise through education.
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Mr Taylor states guidelines need to be described plainly to players with clear examples, and by individuals they respect.
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"Through informing gamers about [sports betting](https://cittaviva.net/read-blog/25199_the-ins-and-outs-of-betting-on-the-nfl-draft.html) you enhance integrity and that remains in everyone's interest," he adds.
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"If players 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 suggestions at the Football Association, agrees.
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"Prevention is much better than remedy, and we also make a point of telling players 'you are going to be caught'."
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"It is vital that sport is directly, and is seen to be directly," he includes.
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"If it loses that then individuals do not wish to wager, that is not in betting companies' interests, and it is not in our interests."
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He stated that as soon as a good track record was lost, the damage to a sport was "enormous".
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FA rules imply players are not allowed to wager 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 says could cause "brand damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to overcome to gamers the reputational risk to the game," he says. "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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control business [sports betting](https://socialsmerch.com/read-blog/10496_how-to-play-bet9ja-online.html) in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://origintraffic.com/read-blog/1656_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering 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 unfaithful has the potential to weaken the integrity of a sport, and it likewise damages the commercial interests of [sports betting](https://community.0dte.com/index.php?link1=read-blog&id=3_for-sports-gambling-to-be-legalised.html) bodies and [sports betting](https://connectworld.app/read-blog/219_just-how-much-are-americans-spending-on-sports-betting.html)."
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The commission has actually developed an in-house [Sports Betting](https://35.237.164.2/wiki/User:PaigeMasel) Intelligence Unit to receive and distribute information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://twitemedia.com/read-blog/74_for-sports-gambling-to-be-legalised.html)," he states.
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"We will signal [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:AgnesMcQuillen) of our issues, to assist avoid or cut [illegal] activity"
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In May 2010, the commission likewise 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 period there has been simply one criminal prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing examinations, which much useful information has actually also been passed to [sports betting](https://www.social.united-tuesday.org/read-blog/19456_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost effective, then the commission would consider terminating a criminal investigation "in favour of letting [sports betting](https://surgiteams.com/index.php/User:CletaMcClusky2) governing bodies take the lead".
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Meanwhile, he states much of those wanting to cheat the [sports betting](https://camlive.ovh/read-blog/2494_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) industry were knowledgeable about [sports betting](https://meebeek.com/read-blog/1086_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) and sporting people, and about [sports betting](https://airentalk.com/read-blog/34_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) operations and the movement of money.
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"They seek out the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://theconnectly.com/read-blog/4268_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Law Report
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
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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