commit 250dad5f5047d7c9b325adb9329191b25364ba57 Author: ebonyeusebio6 Date: Tue Dec 31 21:06:03 2024 +0800 Add Sport Betting Industry Looks To Protect Itself 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..11b2c35 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering industry aims to safeguard itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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[sports betting](https://wiki.vifm.info/index.php/User:CooperMcLaren0) on sport is huge service.
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Sport England approximates the value of spending on sport-related [sports betting](https://wiki.rrtn.org/wiki/index.php/User:KLALona208) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is 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 study firm Sport & Markt approximates the total international [sports betting](https://social.engagepure.com/read-blog/797_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://olps.co.za/wiki/User:MickiePridgen).
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But when the integrity of occasions are struck the gambling industry suffers, and earnings are put under risk if consumers 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 discuss the [sports betting](https://www.hb9lc.org/wiki/index.php/User:AgnesLkb12326) gambling market now.
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"Not only is it a substantial market in world business, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing claims relating 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 against 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, however was banned recently for 6 months for stopping working to report the illegal method to him to toss frames.
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There are also 2 other continuing examinations - unrelated 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 truthful, straight and reasonable that benefits wagering companies since people will spend cash [sports betting](https://chateando.net/read-blog/228_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK managed wagering market ... it is not really a positive story for [sports betting](http://video.firstkick.live/read-blog/4660_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we might have to take care 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 experts at a World [sports betting](https://wavedream.wiki/index.php/User:RobertoKean6231) Law Report conference into [sports betting](https://terra.planetv.wtf/read-blog/689_.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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His organisation represents guys and females in 15 [sports betting](https://naijamatta.com/read-blog/34691_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) 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 not adequate to merely have deterrents, sanctions and disciplinary procedures, however that the method to deal with possible problems around gamers is likewise through education.
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Mr Taylor states guidelines need to be explained plainly to gamers with clear examples, and by they appreciate.
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"Through educating gamers about [sports betting](https://pipewiki.org/wiki/index.php/User:DevonCosta) you reinforce stability and that is in everyone'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 regulatory legal guidance at the Football Association, concurs.
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"Prevention is better than treatment, and we also make a point of telling gamers 'you are going to be captured'."
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"It is important that sport is directly, 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 firms' interests, and it is not in our interests."
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He said that when a great credibility was lost, the damage to a sport was "incalculable".
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FA rules imply players are not allowed to wager on a competition in which they are included.
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Mr Johnson states players need to be seen not to be capitalizing any inside knowledge, which he states might cause "brand name damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to gamers the reputational danger to the video game," he says. "Once confidence has 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 manage business gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://cheere.org/read-blog/36282_for-sports-gambling-to-be-legalised.html), which is the remit of the FSA.
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"The frustrating bulk of [sports betting](https://peoplesmedia.co/read-blog/12645_just-how-much-are-americans-spending-on-sports-betting.html) taking place through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such unfaithful has the possible to weaken the integrity of a sport, and it also hurts the business interests of [sports betting](https://seenoor.com/read-blog/442_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) bodies and [sports betting](https://cozwo.com/read-blog/8465_just-how-much-are-americans-investing-in-sports-betting.html)."
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The commission has developed an internal [Sports Betting](https://islider.ru/read-blog/37912_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Intelligence Unit to receive and distribute information to sporting authorities, [sports betting](https://infosocial.top/read-blog/4022_how-to-play-bet9ja-online.html) companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://mixup.wiki/index.php/User:BetteUle62157377)," he states.
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"We will signal [sports betting](https://www.proathletediscuss.com/read-blog/431_things-you-need-to-learn-about-rafting-adventures.html) of our concerns, to assist avoid or cut [prohibited] activity"
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In May 2010, the commission likewise introduced a personal 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 prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing examinations, and that much useful details has actually also been passed to [sports betting](https://truthbook.social/read-blog/8628_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 expense reliable, then the commission would consider discontinuing a criminal examination "in favour of letting [sports betting](https://voggisper.com/read-blog/1219_just-how-much-are-americans-investing-in-sports-betting.html) governing bodies take the lead".
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Meanwhile, he states much of those aiming to cheat the [sports betting](https://bigtoc.com/read-blog/8957_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) market were educated about [sports betting](https://www.athleticzoneforum.com/read-blog/735_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) and sporting individuals, and about [sports betting](https://www.heesah.com/read-blog/2212_the-ins-and-outs-of-betting-on-the-nfl-draft.html) 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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Related web links
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World [sports betting](http://touringtreffen.nl/read-blog/2403_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) Law Report
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ICC
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Professional Players Federation
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Professional Footballers' Association
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The FA
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Betfair
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Sport & Markt
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BLP
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Gambling Commission
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The BBC is not accountable for the content of external sites.
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