From e8ef0df8ea984fc6b79e6268249550a560943ce3 Mon Sep 17 00:00:00 2001 From: tobyscaddan09 Date: Wed, 29 Jan 2025 22:32:43 +0800 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..77ef26a --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial company.
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Sport England approximates the value of costs on sport-related gambling 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 grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research study 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://www.yewiki.org/User:DomingoHarpur41) gambling.
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But when the stability of occasions are struck the betting market suffers, and incomes are put under threat if clients can not bet with confidence.
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And there can have been few 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 speak about the [sports betting](https://www.miptrucking.net/read-blog/2497_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) gambling market now.
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"Not only is it a substantial 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 gamers have actually stated they will also 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 champion John Higgins was cleared of match-fixing claims, however was prohibited recently for six months for stopping working to report the illegal approach to him to toss frames.
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There are also two 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 most significant online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits betting firms due to the fact that individuals will spend cash betting with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK regulated betting industry ... it is not truly a positive story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may need 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://www.amedaychats.com/read-blog/1323_sport-betting-industry-looks-to-protect-itself.html) Law Report conference into [sports betting](https://kitsap.whigdev.com/read-blog/4918_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html), the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only people who can fix a match are the competitors or the referee."
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His organisation represents males and ladies in 15 sports 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 inadequate to simply have deterrents, sanctions and disciplinary treatments, however that the way to deal with prospective concerns around gamers is likewise through education.
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Mr Taylor states guidelines need to be described clearly to gamers with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://community.0dte.com/index.php?link1=read-blog&id=42_latest-massachusetts-sports-betting-bill-contains-massive-tax-hike-and-restricti.html) wagering you reinforce stability and that remains in everybody'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 regulatory legal advice at the Football Association, concurs.
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"Prevention is better than treatment, and we likewise make a point of telling players 'you are going to be caught'."
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"It is necessary that sport is directly, and is seen to be directly," he includes.
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"If it loses that then individuals do not want to bet, that is not in gambling companies' interests, and it is not in our interests."
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He said that when an excellent reputation was lost, the damage to a sport was "incalculable".
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FA rules mean players are not allowed to bank 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 knowledge, which he states could trigger "brand damage" to football and its competitors.
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So, even a Second Division gamer knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to gamers the reputational threat to the video game," he says. "Once self-confidence has actually been harmed it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, then perhaps 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 regulate business 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 overwhelming majority of [sports betting](https://africasfaces.com/read-blog/9153_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) 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 occasion.
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"Such unfaithful has the possible to weaken the stability of a sport, and it likewise hurts the industrial interests of [sports betting](http://yidtravel.com/mw/index.php/Sport_Betting_Industry_Looks_To_Protect_Itself) bodies and [sports betting](https://ozoms.com/read-blog/13616_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) wagering."
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The commission has actually developed an in-house [Sports Betting](http://maili.demoe.cn:112/read-blog/777_sport-betting-industry-aims-to-protect-itself.html) Intelligence Unit to receive and distribute info to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://macphersonwiki.mywikis.wiki/wiki/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) wagering," he states.
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"We will alert [sports betting](https://heatwave.app/read-blog/1528_latest-massachusetts-sports-betting-proposal-includes-substantial-tax-hike-and-p.html) of our concerns, to assist avoid or cut [prohibited] activity"
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In May 2010, the commission likewise presented a personal 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 period there has been just one criminal prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous investigations, which much useful info has actually also been passed to [sports betting](https://alamgirtech.com/read-blog/25004_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense effective, then the commission would consider terminating a criminal examination "in favour of letting [sports betting](https://innovator24.com/read-blog/26600_sport-betting-industry-looks-to-protect-itself.html) governing bodies take the lead".
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Meanwhile, he says a lot of those aiming to cheat the [sports betting](https://demo.wowonderstudio.com/read-blog/4760_sport-betting-industry-looks-to-protect-itself.html) industry were experienced about sports and sporting individuals, and about wagering operations and the movement of money.
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"They seek out the vulnerabilities of these to help in their business."
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