commit 99e5e97df6a25654d4b0d358f96ea7c3e8465450 Author: cornelldark293 Date: Thu Jan 30 03:13:08 2025 +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..01be876 --- /dev/null +++ b/Sport-Betting-Industry-Looks-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 spending 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 actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research firm Sport & Markt approximates the general global betting market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports gaming.
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But when the integrity of occasions are struck the betting market suffers, and profits 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 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 speak about the [sports betting](https://daeshintravel.com/free/501597) market now.
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"Not only is it a significant market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have actually been questioned by police over spot-fixing claims relating to a test against England at Lord's last month.
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Three of these players have said 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 champ John Higgins was cleared of match-fixing allegations, but was banned last week for six months for stopping working to report the prohibited approach to him to toss frames.
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There are also two 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 most significant online sporting exchanges.
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"If the sport is viewed as honest, straight and fair that benefits wagering firms since individuals will invest cash wagering with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK controlled wagering industry ... it is not actually 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 may need to take care 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](https://www.athleticzoneforum.com/read-blog/2029_new-ma-sports-betting-legislation-includes-substantial-tax-increase-and-prohibit.html) Law Report conference into [sports betting](https://social.projectkabahagi.com/read-blog/8345_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can fix a match are the competitors or the referee."
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His organisation represents guys and women in 15 [sports betting](http://www.pickmemo.com/read-blog/14937_latest-ma-sports-betting-bill-includes-significant-tax-boost-and-prohibition-on.html) in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.
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He believes that it is not adequate to merely have deterrents, sanctions and disciplinary treatments, but that the method to take on potential problems around players is likewise through education.
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Mr Taylor says guidelines need to be described plainly to players with clear examples, and by individuals they respect.
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"Through educating players about [sports betting](https://andyfreund.de/wiki/index.php?title=UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling) wagering you enhance integrity which remains in everyone'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 recommendations at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of telling players 'you are going to be caught'."
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"It is imperative that sport is directly, and is seen to be directly," he adds.
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"If it loses that then people don't want 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 reputation was lost, the damage to a sport was "enormous".
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FA rules mean players are not enabled to wager on a competition in which they are involved.
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Mr Johnson says gamers need to be seen not to be capitalizing any inside understanding, which he states could cause "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 bank on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to players the reputational threat to the video game," he states. "Once confidence has been harmed it is tough 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 guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control 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 betting, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://bytes-the-dust.com/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) happening 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 event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it likewise harms the industrial interests of sports bodies and [sports betting](https://bdstarter.com/recent-massachusetts-sports-betting-proposal-contains-massive-tax-boost-and-prohibition-on-in-play-betting-2/) wagering."
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The commission has established an internal [Sports Betting](https://doum.cn/read-blog/4186_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) Intelligence Unit to get and share information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://droidt99.com/read-blog/10749_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html)," he says.
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"We will signal [sports betting](https://thegoldenalbatross.com/cover-the-bases-sports-betting-news-and-notes-from-the-past-week-2/) of our concerns, to help prevent or cut [prohibited] activity"
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In May 2010, the commission also introduced a private 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 simply one prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight continuous examinations, which much useful details has actually also been passed to sports authorities.
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He stated that where an investigation by a sport governing body was quicker, and more cost efficient, then the commission would think about stopping a criminal examination "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says many of those seeking to cheat the [sports betting](https://social.concienciacasanare.com/read-blog/155_sport-betting-industry-aims-to-protect-itself.html) wagering industry were knowledgeable about sports and sporting individuals, and about betting operations and the motion of money.
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"They seek out the vulnerabilities of these to assist in their business."
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