commit 9e2e3721c5291d697931aff5d47c96a4700629b2 Author: naomioneill85 Date: Thu Jan 30 04:38:32 2025 +0800 Add 'Sport Betting Industry Wants To Protect Itself' diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..571b1cd --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Betting on sport is big service.
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Sport England estimates the value 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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Which figure is most likely to have grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt estimates the total global betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports gaming.
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But when the stability of events are hit the gambling market suffers, and earnings are put under threat if customers can not bet with self-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 discuss the sports gambling market now.
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"Not just is it a considerable market in world company, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing accusations connecting to a test against England at Lord's last month.
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Three of these players have actually stated they will likewise 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 champion John Higgins was cleared of match-fixing accusations, but was banned recently for six months for failing to report the prohibited technique to him to toss frames.
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There are likewise two 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, among the UK's most significant online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that benefits wagering companies because individuals will spend cash betting with confidence," he states.
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"If you take the Pakistan claims, although unassociated to the UK managed betting market ... it is not really a positive story for wagering in the UK.
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"That is due to the fact that 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 avoid future scandals?
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According to professionals at a World Sports Law Report conference into sports gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](http://cheongbong.com/bbs/board.php?bo_table=free&wr_id=216416) 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 inadequate to merely have deterrents, sanctions and disciplinary procedures, however that the method to tackle possible problems around players is likewise through education.
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Mr Taylor states rules need to be described clearly to gamers with clear examples, and by people they respect.
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"Through educating players about sports wagering you enhance integrity and that remains in everyone'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 regulatory legal suggestions 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 caught'."
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"It is necessary that sport is directly, and is seen to be straight," he includes.
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"If it loses that then individuals don't desire to wager, that is not in gaming companies' interests, and it is not in our interests."
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He stated that as soon as a good credibility was lost, the damage to a sport was "enormous".
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FA guidelines suggest players are not permitted to bank on a competitors in which they are included.
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Mr Johnson states gamers have actually to be seen not to be cashing in on any inside knowledge, which he says might cause "brand name damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to gamers the reputational danger to the game," he says. "Once confidence has 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 policy 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 betting 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 betting, which is the remit of the FSA.
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"The overwhelming bulk of sports wagering occurring through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting occasion.
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"Such cheating has the possible to undermine the integrity of a sport, and it likewise harms the commercial interests of sports bodies and [sports betting](https://soucial.net/read-blog/8857_sport-betting-industry-seeks-to-protect-itself.html)."
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The commission has actually developed an internal [Sports Betting](https://lovn1world.com/read-blog/2962_sport-betting-industry-aims-to-protect-itself.html) Intelligence Unit to get and share information 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://iuridictum.pecina.cz/w/Sport_Betting_Industry_Aims_To_Protect_Itself)," he says.
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"We will inform [sports betting](https://learn.ivlc.com/read-blog/1276_sport-betting-industry-seeks-to-protect-itself.html) of our concerns, to assist prevent or reduce [unlawful] 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 duration there has been simply one criminal 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 eight continuous investigations, which much beneficial details has actually likewise been passed to [sports betting](https://marketchat.in/read-blog/2985_sport-betting-industry-seeks-to-protect-itself.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would think about discontinuing a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says a lot of those wanting to cheat the [sports betting](https://galgbtqhistoryproject.org/wiki/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) industry were educated about sports and sporting individuals, and about wagering operations and the motion of cash.
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"They look for out the vulnerabilities of these to assist in their enterprises."
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