From 87d9d0fa68645241e7dd6966b009d8115ad6ea45 Mon Sep 17 00:00:00 2001 From: norriscosh8997 Date: Wed, 29 Jan 2025 22:58:37 +0800 Subject: [PATCH] Add 'Sport Betting Industry Looks To Protect Itself' --- ...etting-Industry-Looks-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md 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..e15ec32 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge company.
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Sport England approximates 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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And that figure is most likely to have actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research company Sport & Markt estimates the general worldwide gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://bytes-the-dust.com/index.php/New_Massachusetts_Sports_Betting_Proposal_Contains_Significant_Tax_Hike_Ban_On_In-Play_Betting) gaming.
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But when the integrity of events are struck the gambling industry suffers, and earnings 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 betting 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](http://www.hargakitchensetminimalismodernmurah.com/sport-betting-industry-wants-to-protect-itself/) gambling market now.
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"Not just is it a considerable market in world business, 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 allegations connecting to a test against 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 champion John Higgins was cleared of match-fixing allegations, but was prohibited recently for 6 months for failing to report the illegal approach to him to toss frames.
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There are likewise 2 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, one of the UK's biggest online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits wagering companies since individuals will invest cash betting with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK managed wagering market ... it is not actually a positive story for wagering in the UK.
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"That is since the perception is that 'cricket is now something we might need to be mindful 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 specialists at a World [sports betting](http://psgacademykorea.co.kr/bbs/free/3653) Law Report conference into [sports betting](https://iraqians.com/index.php/blog/123046/latest-massachusetts-sports-betting-proposal-features-massive-tax-increase-/) gambling, the focus needs 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 fix a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](http://addsub.wiki/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He thinks that it is insufficient to simply have deterrents, sanctions and disciplinary procedures, however that the way to tackle potential problems around gamers is likewise through education.
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Mr Taylor says guidelines need to be described plainly to players with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](http://dnhangwa2.webmaker21.kr/bbs/board.php?bo_table=order_b&wr_id=253829) you strengthen stability which remains in everybody'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 guidance at the Football Association, agrees.
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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 vital that sport is directly, and is seen to be directly," he adds.
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"If it loses that then people do not desire to wager, that is not in betting firms' interests, and it is not in our interests."
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He said that when a good track record was lost, the damage to a sport was "incalculable".
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FA rules suggest gamers are not enabled to bet on a competition 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 name damage" to football and its competitions.
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So, even a 2nd Division gamer 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 overcome to gamers the reputational danger to the game," he states. "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" method, then perhaps Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to control business gambling 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 overwhelming bulk of [sports betting](https://xellaz.com/read-blog/84_sport-betting-industry-aims-to-protect-itself.html) occurring through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting occasion.
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"Such cheating has the prospective to weaken the stability of a sport, and it likewise hurts the industrial interests of sports bodies and [sports betting](http://snye.co.kr/bbs/board.php?bo_table=free&wr_id=1042828) wagering."
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The commission has actually developed an in-house [Sports Betting](https://www.videochatforum.ro/members/aidacanady8766/) Intelligence Unit to get and disseminate information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://cadizpedia.wikanda.es/wiki/Recent_Massachusetts_Sports_Betting_Bill_Features_Substantial_Tax_Increase_Ban_On_Real-Time_Betting) wagering," he says.
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"We will signal [sports betting](https://chutpatti.com/read-blog/48446_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) of our issues, to assist prevent or curtail [illegal] activity"
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In May 2010, the commission likewise introduced a confidential 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 duration there has been simply one 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 eight continuous investigations, which much useful info has likewise been passed to [sports betting](https://thewion.com/read-blog/190968_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would think about stopping a criminal investigation "in favour of letting [sports betting](https://bundas24.com/read-blog/191376_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he says numerous of those looking to cheat the [sports betting](http://energymarine.net/?option=com_k2&view=itemlist&task=user&id=1562823) wagering market were knowledgeable about [sports betting](https://www.sportfansunite.com/read-blog/1379_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) and sporting people, and about wagering operations and the motion of money.
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"They look for the vulnerabilities of these to help in their business."
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