From c620edf62fcb83cdabeee5a1fe0d7bd52ad1107a Mon Sep 17 00:00:00 2001 From: thaddeus19h532 Date: Thu, 30 Jan 2025 02:25:13 +0000 Subject: [PATCH] Add 'Sport Betting Industry Aims To Protect Itself' --- ...Betting-Industry-Aims-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..c912d41 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is big organization.
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Sport England approximates 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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And that figure is most likely to have actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research company Sport & Markt approximates the overall global gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://intouch.pk/read-blog/390_latest-massachusetts-sports-betting-bill-contains-massive-tax-increase-and-restr.html) gaming.
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But when the stability of occasions are hit the gaming industry suffers, and revenues are put under danger if consumers can not wager with confidence.
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And there can have been few 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 talks about the [sports betting](https://www.opentx.cz/index.php/Recent_Massachusetts_Sports_Betting_Proposal_Contains_Significant_Tax_Hike_Restriction_On_In-Play_Betting) 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 papers."
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Four Pakistan cricketers have been questioned by cops over spot-fixing claims connecting to a test against England at Lord's last month.
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Three of these players have stated they will likewise challenge the corruption charges installed 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 prohibited last week for 6 months for stopping working to report the unlawful 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, among the UK's biggest online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is great for betting companies since people will spend money wagering with self-confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK controlled wagering market ... it is not really a favorable story for wagering in the UK.
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"That is because the perception 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 avoid future scandals?
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According to specialists at a World Sports Law Report conference into [sports betting](https://bnsgh.com/read-blog/892_sport-betting-industry-wants-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 explains: "The only people 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://heatwave.app/read-blog/1491_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.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 adequate to simply have deterrents, sanctions and disciplinary procedures, but that the method to take on prospective issues around players is also through education.
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Mr Taylor states guidelines need to be discussed plainly to players with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](https://newnormalnetwork.me/read-blog/6452_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) you reinforce integrity which is in everyone'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 regulative legal suggestions at the Football Association, agrees.
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"Prevention is better than remedy, and we likewise make a point of telling gamers 'you are going to be caught'."
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"It is essential that sport is directly, and is seen to be straight," he adds.
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"If it loses that then people don't want to bet, that is not in gaming firms' interests, and it is not in our interests."
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He said that as soon as a great credibility was lost, the damage to a sport was "enormous".
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FA rules mean players are not allowed to bet on a competition in which they are involved.
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Mr Johnson states gamers need to be seen not to be cashing in on any inside understanding, which he states could trigger "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 fall can not bet on a Manchester United v Chelsea cup final the following spring.
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"We need to overcome to gamers the reputational threat 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" approach, then possibly 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 gambling in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has duty 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 wagering occurring through UK operators is legal and reasonable," he says.
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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 prospective to weaken the stability of a sport, and it likewise hurts the business interests of sports bodies and [sports betting](https://socialsmerch.com/read-blog/11934_latest-ma-sports-betting-bill-includes-significant-tax-increase-and-prohibition.html) wagering."
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The commission has actually established an internal [Sports Betting](https://mysuccessdarpan.com/read-blog/13626_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to get and share details to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://globalabout.com/read-blog/19819_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html)," he says.
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"We will inform [sports betting](https://philadelphiaflyersclub.com/read-blog/10701_recent-massachusetts-sports-betting-proposal-contains-significant-tax-hike-amp-p.html) of our concerns, to help prevent or reduce [unlawful] activity"
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In May 2010, the commission likewise presented 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 male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous examinations, which much useful details has actually also been passed to [sports betting](https://www.amedaychats.com/read-blog/1323_sport-betting-industry-looks-to-protect-itself.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost effective, then the commission would think about ceasing a criminal examination "in favour of letting [sports betting](http://wiki.die-karte-bitte.de/index.php/UK_Betting_Firms_Gamble_On_US_After_Sports_Wager_Ruling) governing bodies take the lead".
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Meanwhile, he says much of those aiming to cheat the [sports betting](https://webwiseportfolio.com/bbs/board.php?bo_table=free&wr_id=282031) industry were well-informed about [sports betting](https://origintraffic.com/read-blog/3981_latest-massachusetts-sports-betting-proposal-contains-massive-tax-increase-and-b.html) and sporting people, and about betting operations and the movement of cash.
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"They look for the vulnerabilities of these to assist in their enterprises."
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