From 9f0eacd3032b619db28c77a571ddbcdaf3118b07 Mon Sep 17 00:00:00 2001 From: famvivien7450 Date: Wed, 29 Jan 2025 23:02:01 +0800 Subject: [PATCH] Add 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..1553cf3 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial business.
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Sport England estimates 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 most likely to have actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study company Sport & Markt approximates the overall global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports gambling.
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But when the integrity of events are hit the gambling market suffers, and profits are put under risk if consumers can not bet with self-confidence.
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And there can have been few 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 gambling market now.
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"Not only is it a significant 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 authorities over spot-fixing allegations associating with a test against England at Lord's last month.
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Three of these players have actually said they will likewise challenge the corruption charges mounted versus 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 claims, but was banned last week for 6 months for failing to report the illegal method to him to toss frames.
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There are likewise 2 other continuing examinations - not related 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 honest, straight and fair that benefits betting firms since people will spend money betting with self-confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK controlled betting market ... it is not truly a favorable story for wagering in the UK.
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"That is since the understanding is that 'cricket is now something we may 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 specialists 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 explains: "The only people who can fix a match are the rivals or the referee."
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His organisation represents men and women in 15 [sports betting](https://boonbac.com/read-blog/3938_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) 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 adequate to simply have deterrents, sanctions and disciplinary treatments, however that the way to take on potential concerns around gamers is also through education.
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Mr Taylor states guidelines require to be explained plainly to gamers with clear examples, and by people they respect.
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"Through informing gamers about [sports betting](https://pipewiki.org/wiki/index.php/New_MA_Sports_Betting_Legislation_Includes_Significant_Tax_Increase_And_Ban_On_In-Play_Betting) wagering you strengthen stability and that is 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 guidance at the Football Association, concurs.
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"Prevention is much better than treatment, and we likewise make a point of telling players 'you are going to be captured'."
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"It is essential that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals don't want to wager, that is not in gambling companies' 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 guidelines mean players are not allowed to wager on a competition in which they are included.
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Mr Johnson says players have to be seen not to be capitalizing any inside knowledge, which he states might cause "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 autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to players the reputational threat to the video game," he says. "Once confidence has been damaged it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, 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 commercial gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating bulk of [sports betting](http://jeonhyunsoo.com/bbs/board.php?bo_table=free&wr_id=746023) happening through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
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"Such cheating has the prospective to weaken the integrity of a sport, and it also harms the business interests of sports bodies and [sports betting](https://naijamatta.com/read-blog/52303_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html)."
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The commission has actually established an internal [Sports Betting](https://globalabout.com/read-blog/19822_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) Intelligence Unit to get and share information to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://chateando.net/read-blog/2039_sport-betting-industry-aims-to-protect-itself.html) wagering," he says.
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"We will alert [sports betting](https://humped.life/read-blog/7475_sport-betting-industry-looks-to-protect-itself.html) of our concerns, to assist prevent or cut [illegal] activity"
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In May 2010, the commission also presented a private telephone hotline for those with information 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 guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous investigations, which much beneficial information 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 stopping 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 wagering market were educated about sports and sporting people, and about betting operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their business."
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