From e9918c394bf0ef75a009144e29dd0138e4b475f1 Mon Sep 17 00:00:00 2001 From: jeffreyhck9031 Date: Thu, 30 Jan 2025 11:09:09 +0800 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md 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..25a33e0 --- /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 substantial business.
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Sport England approximates the worth 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 actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research firm Sport & Markt estimates the overall global betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://sbwiki.davnit.net/index.php/UK_Betting_Firms_Gamble_On_United_States_After_Sports_Wager_Ruling) gambling.
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But when the integrity of occasions are hit the betting market suffers, and incomes are put under risk if customers can not wager with confidence.
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And there can have been couple of higher-profile sport wagering 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](https://social.ppmandi.com/read-blog/2108_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gambling market now.
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"Not only is it a considerable market in world service, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations relating to a test versus England at Lord's last month.
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Three of these players have actually stated they will also challenge the corruption charges mounted 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, but was banned recently for 6 months for stopping working to report the prohibited method 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 most significant online sporting exchanges.
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"If the sport is perceived as truthful, straight and fair that benefits wagering firms since people will spend cash wagering with confidence," he states.
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"If you take the Pakistan allegations, although unrelated to the UK managed betting market ... it is not really a favorable story for wagering in the UK.
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"That is since the understanding 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 professionals at a World [sports betting](http://harimuniform.co.kr/bbs/board.php?bo_table=free&wr_id=269783) Law Report conference into [sports betting](http://1688dome.com/bbs/board.php?bo_table=free&wr_id=147542), the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "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://nana22.com/read-blog/4027_sport-betting-industry-looks-to-protect-itself.html) 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 take on prospective issues around gamers is likewise through education.
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Mr Taylor says guidelines require to be discussed plainly to players with clear examples, and by individuals they appreciate.
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"Through educating players about sports wagering you reinforce integrity which is in everybody's interest," he includes.
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"If players 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, concurs.
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"Prevention is much better than remedy, and we also make a point of telling gamers 'you are going to be caught'."
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"It is crucial 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 bet, that is not in gaming firms' interests, and it is not in our interests."
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He stated that once a good credibility was lost, the damage to a sport was "enormous".
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FA guidelines mean players are not enabled to wager on a competitors in which they are involved.
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Mr Johnson states players have to be seen not to be cashing in on any inside knowledge, which he says could trigger "brand name 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 wager on a Manchester United v Chelsea cup final the following spring.
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"We need to overcome to players the reputational risk to the video game," he says. "Once confidence has been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, 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 commercial betting in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating majority of [sports betting](https://socialgem.net/read-blog/17365_sport-betting-industry-looks-to-protect-itself.html) wagering happening 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 cheating has the potential to weaken the integrity of a sport, and it likewise damages the business interests of [sports betting](https://wavedream.wiki/index.php/Sport_Betting_Industry_Aims_To_Protect_Itself) bodies and [sports betting](https://boonbac.com/read-blog/3917_new-ma-sports-betting-legislation-contains-significant-tax-boost-amp-prohibition.html)."
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The commission has established an in-house [Sports Betting](https://social.nirantara.net/read-blog/69_recent-massachusetts-sports-betting-legislation-contains-significant-tax-increas.html) Intelligence Unit to receive and share info to sporting authorities, betting companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt sports wagering," he says.
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"We will alert [sports betting](https://wo.kontackt.net/read-blog/8625_new-massachusetts-sports-betting-legislation-includes-significant-tax-increase-a.html) of our issues, to assist prevent or reduce [prohibited] activity"
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In May 2010, the commission also introduced 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 period there has been simply one prosecution, a 24-year-old guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 continuous investigations, which much helpful information has also been passed to [sports betting](https://sharefolks.com/read-blog/22872_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would consider ceasing a criminal examination "in favour of letting [sports betting](https://mecinternational.co.kr/bbs/board.php?bo_table=free&wr_id=119182) governing bodies take the lead".
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Meanwhile, he states much of those wanting to cheat the [sports betting](http://gmsf.kr/bbs/board.php?bo_table=free&wr_id=513702) wagering market were well-informed about sports and sporting individuals, and about betting 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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