From 52f5d83a7fc76da15635906ff4625ddc7a2ea2b5 Mon Sep 17 00:00:00 2001 From: aaliyahgorecki Date: Wed, 29 Jan 2025 18:09:36 +0300 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..678be1b --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Betting on sport is substantial business.
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Sport England estimates 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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Which figure is most likely to have actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study company Sport & Markt approximates the overall worldwide gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://valueadd.kr/bbs/board.php?bo_table=free&wr_id=40709) gambling.
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But when the stability of events are struck the betting market suffers, and incomes are put under threat if customers can not wager with self-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 talks about the [sports betting](https://app.deepsoul.es/read-blog/1750_sport-betting-industry-wants-to-protect-itself.html) gambling market now.
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"Not just is it a significant market in world business, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing accusations connecting to a test against England at Lord's last month.
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Three of these gamers 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 accusations, however was banned recently for six months for failing to report the unlawful technique to him to toss frames.
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There are likewise 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 biggest online sporting exchanges.
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"If the sport is perceived as honest, straight and reasonable that is excellent for betting firms since individuals will spend money betting with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK managed betting market ... it is not truly a positive story for betting in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we might need 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 specialists at a World [sports betting](http://xn--2s2b1p822a.net/bbs/board.php?bo_table=free&wr_id=1000676) Law Report conference into [sports betting](https://ishare.igrowtech.biz/read-blog/6642_sport-betting-industry-aims-to-protect-itself.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can fix a match are the rivals 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 thinks that it is not adequate to merely have deterrents, sanctions and disciplinary treatments, however that the way to take on prospective issues around gamers is likewise through education.
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Mr Taylor states rules require to be discussed plainly to players with clear examples, and by people they respect.
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"Through educating players about [sports betting](https://bytes-the-dust.com/index.php/UK_Betting_Firms_Gamble_On_United_States_After_Sports_Wager_Ruling) wagering you enhance integrity which is in everybody's interest," he adds.
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"If gamers 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 guidance at the Football Association, concurs.
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"Prevention is much better than treatment, and we likewise make a point of informing gamers 'you are going to be caught'."
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"It is important that sport is directly, and is seen to be straight," he includes.
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"If it loses that then people don't want to wager, that is not in gambling firms' interests, and it is not in our interests."
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He stated that when a great track record was lost, the damage to a sport was "incalculable".
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FA guidelines suggest gamers are not enabled to bank on a competition in which they are involved.
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Mr Johnson states gamers have actually to be seen not to be capitalizing any inside knowledge, which he says could cause "brand name damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup last the following spring.
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"We need to get over to players the reputational danger to the video game," he says. "Once confidence has actually 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" method, 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 regulate commercial betting in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of sports wagering happening through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting occasion.
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"Such unfaithful has the potential to undermine the integrity of a sport, and it also hurts the business interests of [sports betting](http://www.hargakitchensetminimalismodernmurah.com/sport-betting-industry-wants-to-protect-itself/) bodies and [sports betting](https://themediumblog.com/read-blog/158894_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) wagering."
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The commission has actually established an in-house [Sports Betting](https://globalairgunner.com/read-blog/29115_new-ma-sports-betting-legislation-includes-substantial-tax-boost-and-prohibition.html) Intelligence Unit to get and disseminate details to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://airentalk.com/read-blog/87_new-ma-sports-betting-proposal-includes-significant-tax-hike-amp-ban-on-real-tim.html)," he says.
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"We will alert sports of our concerns, to assist prevent or reduce [unlawful] activity"
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In May 2010, the commission likewise introduced a private 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 just one prosecution, a 24-year-old man who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, which much beneficial info has likewise been passed to [sports betting](https://spcreator.com/read-blog/87_recent-massachusetts-sports-betting-proposal-features-massive-tax-hike-and-restr.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would consider stopping a criminal examination "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says numerous of those wanting to cheat the [sports betting](http://sotongeekjam.net/doku.php?id=uk_betting_fi_ms_gamble_on_united_states_afte_spo_ts_wage_uling) industry were educated about sports and sporting individuals, and about wagering operations and the movement of cash.
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"They look for out the vulnerabilities of these to help in their business."
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