From bbe9909ff6919c4aabbc852469587cac6e8138d4 Mon Sep 17 00:00:00 2001 From: gladisabney837 Date: Wed, 29 Jan 2025 14:57:25 +0000 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..09f312c --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge business.
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Sport England estimates the value 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 grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research company Sport & Markt approximates the total global betting 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 integrity of events are hit the betting market suffers, and incomes are put under hazard if clients can not bet with 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 talks about the sports gambling market now.
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"Not only is it a considerable market in world organization, 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 accusations associating with a test versus England at Lord's last month.
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Three of these players have actually said they will also challenge the corruption charges installed 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 six months for failing to report the illegal approach to him to throw frames.
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There are also 2 other continuing investigations - unrelated 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 biggest online sporting exchanges.
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"If the sport is perceived as truthful, straight and reasonable that is good for betting firms because individuals will invest money wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK controlled betting industry ... it is not truly a favorable story for betting 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 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 experts 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 mentions: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://parikshagk.in/forum/index.php?qa=105683&qa_1=sport-betting-industry-wants-to-protect-itself) 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 not sufficient to merely have deterrents, sanctions and disciplinary procedures, however that the method to tackle possible concerns around players is likewise through education.
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Mr Taylor says guidelines need to be explained plainly to players with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://suksesvol.org/read-blog/116_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) you enhance stability which is in everybody's interest," he adds.
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"If gamers 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 recommendations at the Football Association, agrees.
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"Prevention is better than treatment, and we likewise make a point of telling players 'you are going to be captured'."
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"It is necessary that sport is straight, and is seen to be directly," he includes.
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"If it loses that then people do not wish to wager, that is not in gambling companies' interests, and it is not in our interests."
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He stated that once an excellent reputation was lost, the damage to a sport was "enormous".
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FA guidelines suggest gamers are not enabled to bank on a competitors in which they are included.
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Mr Johnson says gamers need to be seen not to be capitalizing any inside knowledge, which he states could cause "brand damage" to football and its competitions.
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So, even a 2nd Division gamer knocked out of the FA Cup in the autumn can not bet on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to players the reputational threat to the game," he states. "Once self-confidence has actually been harmed 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 business gambling in Great Britain.
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An ex-chief constable of West Midlands cops, 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 wagering happening through UK operators is legal and fair," 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 unfaithful has the possible to undermine the integrity of a sport, and it likewise hurts the industrial interests of [sports betting](http://blingblingphone.com/bbs/board.php?bo_table=free&wr_id=16346) bodies and [sports betting](https://tweecampus.com/read-blog/130589_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html)."
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The commission has actually established an in-house [Sports Betting](https://www.jaitun.com/read-blog/26156_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to get and share information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt sports wagering," he states.
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"We will alert sports of our concerns, to assist prevent or cut [prohibited] activity"
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In May 2010, the commission also introduced a personal 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 period there has been simply one criminal prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous investigations, which much useful details has actually also been passed to sports authorities.
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He said that where an examination by a sport governing body was quicker, and more expense effective, then the commission would think about terminating a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says a lot of those seeking to cheat the [sports betting](https://jointheilluminati.co.za/qtoa/?qa=25099/uk-betting-firms-gamble-on-us-after-sports-wager-ruling) industry were knowledgeable about sports and sporting people, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to assist in their business."
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