commit 750f1bd3f93412d5c58d7e2c6110f801473577e7 Author: hungbriscoe586 Date: Wed Dec 18 06:15:22 2024 +0100 Add Sport Betting Industry Seeks To Protect Itself diff --git a/Sport-Betting-Industry-Seeks-To-Protect-Itself.md b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md new file mode 100644 index 0000000..6a2991d --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering market aims to safeguard itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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Betting on sport is substantial company.
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Sport England approximates the worth of spending on sport-related [sports betting](https://wiki.monnaie-libre.fr/wiki/Utilisateur:TeresaMcCall7) 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 approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study company Sport & the total worldwide gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:FlossieStapley1).
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But when the integrity of events are hit the [sports betting](http://woorichat.com/read-blog/10306_how-much-are-americans-spending-on-sports-betting.html) industry suffers, and profits are put under hazard if clients can not bet with confidence.
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And there can have been few 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 speak about the [sports betting](https://taar.me/read-blog/8430_how-much-are-americans-investing-in-sports-betting.html) market now.
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"Not just is it a considerable market in world organization, it is one that is now on the front pages of newspapers."
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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 gamers have actually 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 failing to report the unlawful approach to him to throw frames.
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There are also two 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 greatest online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that is excellent for [sports betting](http://www.engel-und-waisen.de/index.php/Benutzer:MasonKaufmann59) firms since individuals will invest money betting with confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK managed [sports betting](https://www.proathletediscuss.com/read-blog/403_sport-betting-industry-seeks-to-protect-itself.html) market ... it is not really a positive story for wagering in the UK.
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"That is since the perception is that 'cricket is now something we may have 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 specialists at a World [sports betting](https://embargo.energy/index.php/User:MamieSteadham) Law Report conference into [sports betting](https://bdstarter.com/sweepstakes-casino-controversy-and-celebrities-all-important-role/), 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://wiki.sublab.net/index.php?title=User_talk:CoyJww44539) 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 also through education.
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Mr Taylor says guidelines need to be described clearly to gamers with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](https://wiki.dulovic.tech/index.php/User:BenedictNevile) wagering you enhance stability which is in everyone's interest," he includes.
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"If players are more difficult to corrupt then sport will be more difficult to corrupt."
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'Brand damage'
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Matt Johnson, head of regulatory legal suggestions at the Football Association, agrees.
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"Prevention is better than cure, 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 straight," he includes.
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"If it loses that then individuals 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 good credibility was lost, the damage to a sport was "incalculable".
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FA rules imply players are not permitted to bank on a competition in which they are included.
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Mr Johnson says players have actually to be seen not to be capitalizing any inside knowledge, which he states might cause "brand damage" to football and its competitors.
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So, even a 2nd Division gamer 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 have to get over to gamers the reputational risk to the game," he states. "Once confidence has actually been damaged 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 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 obligation for policing all [sports betting](https://eet3122salainf.sytes.net/mediawiki/index.php?title=Usuario:VaughnGlynde) in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://ai.tienda/read-blog/7237_enhance-your-business-opportunities-with-efficient-sports-apps.html) wagering taking place 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 occasion.
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"Such cheating has the prospective to undermine the stability of a sport, and it likewise harms the commercial interests of [sports betting](https://lifefriendsurance.com/uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling/) bodies and [sports betting](https://app.theremoteinternship.com/read-blog/25802_things-you-need-to-know-about-rafting-adventures.html)."
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The commission has actually established an in-house [Sports Betting](http://archmageriseswiki.com/index.php/User:DUSJulie51585042) Intelligence Unit to receive and share information 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://munidigital.iie.cl/wiki/index.php?title=Usuario:Tammi63R94) wagering," he states.
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"We will notify [sports betting](http://www.seferpanim.com/read-blog/343_how-to-play-bet9ja-online.html) of our concerns, to help prevent or cut [unlawful] activity"
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In May 2010, the commission also 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 actually been simply 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, which much beneficial info has actually also been passed to [sports betting](https://wiki.sublab.net/index.php?title=User_talk:CoyJww44539) authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost effective, then the commission would think about terminating a criminal investigation "in favour of letting [sports betting](https://www.sportpassionhub.com/read-blog/1449_for-sports-gambling-to-be-legalised.html) governing bodies take the lead".
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Meanwhile, he states many of those wanting to cheat the [sports betting](https://social.oneworldonesai.com/read-blog/1579_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) market were educated about [sports betting](https://wiki.tld-wars.space/index.php/Utilisateur:ChadHatter563) and sporting individuals, and about wagering operations and the movement of money.
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"They seek out the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](http://wiki-tb-service.com/index.php?title=Benutzer:BrendanCarrigan) Law Report
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ICC
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Professional Players Federation
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Professional Footballers' Association
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The FA
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Betfair
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Sport & Markt
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BLP
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Gambling Commission
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The BBC is not responsible for the material of external sites.
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