From daa860bcce4da58f56dc2ff3db58e9b056752b18 Mon Sep 17 00:00:00 2001 From: santiagosolori Date: Wed, 29 Jan 2025 22:53:02 +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..971b1ff --- /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 company.
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Sport England approximates the worth of costs on sport-related betting in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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And that figure is likely to have 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 company Sport & Markt approximates the general worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports gambling.
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But when the integrity of events are hit the gambling industry suffers, and revenues are put under danger 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 discuss the [sports betting](http://sample15.wooriwebs.com/bbs/board.php?bo_table=sample15_history_ko) 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 actually been questioned by cops over spot-fixing claims associating with a test against England at Lord's last month.
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Three of these players have 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 banned recently for six months for failing to report the prohibited technique to him to toss frames.
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There are likewise 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 most significant online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that benefits wagering companies since individuals will invest cash wagering with confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK controlled betting market ... it is not truly 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 might have 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://canadasimple.com/index.php/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) Law Report conference into [sports betting](https://social.ppmandi.com/read-blog/2111_new-ma-sports-betting-legislation-includes-massive-tax-boost-and-restriction-on.html), the focus has to be on sportspersons 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 competitors or the referee."
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His organisation represents males and females in 15 sports 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 insufficient to merely have deterrents, sanctions and disciplinary treatments, however that the method to tackle prospective issues around players 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 appreciate.
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"Through educating players about [sports betting](https://agree.ji.sa/index.php?qa=19091&qa_1=sport-betting-industry-aims-to-protect-itself) you enhance integrity which is in everyone's interest," he includes.
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"If gamers 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, concurs.
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"Prevention is better than remedy, and we also make a point of informing gamers 'you are going to be captured'."
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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 individuals don't desire to wager, that is not in gambling companies' interests, and it is not in our interests."
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He stated that as soon as a great track record was lost, the damage to a sport was "incalculable".
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FA rules mean gamers are not enabled to wager on a competitors in which they are included.
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Mr Johnson says gamers have to be seen not to be cashing in on any inside understanding, which he states might cause "brand damage" to football and its competitions.
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So, even a 2nd Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational risk to the video game," he says. "Once self-confidence has been damaged 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 possibly Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control commercial betting in Great Britain.
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An ex-chief constable of West Midlands cops, 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 frustrating majority of [sports betting](http://1688dome.com/bbs/board.php?bo_table=free&wr_id=147542) taking location 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 occasion.
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"Such unfaithful has the potential to undermine the integrity of a sport, and it likewise hurts the industrial interests of sports bodies and [sports betting](https://legatobooks.com/bbs/board.php?bo_table=free&wr_id=99966) wagering."
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The commission has established an internal [Sports Betting](https://upi.ind.in/blog/index.php?entryid=32362) Intelligence Unit to get and share information to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](http://gangnammall.shop/bbs/board.php?bo_table=free&wr_id=360109) wagering," he says.
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"We will alert sports of our concerns, to assist prevent 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 period there has been just one criminal prosecution, a 24-year-old guy who was warned 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 information has likewise been passed to [sports betting](https://bayplore.com/read-blog/6359_sport-betting-industry-aims-to-protect-itself.html) 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 ceasing a criminal examination "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says many of those aiming to cheat the sports wagering industry were experienced about [sports betting](https://ishare.igrowtech.biz/read-blog/6642_sport-betting-industry-aims-to-protect-itself.html) and sporting individuals, and about wagering operations and the motion of cash.
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"They look for the vulnerabilities of these to help in their business."
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