commit 9950c9ea49ab62e93274131c4dfa19aa5e418e0a Author: evelynequo2042 Date: Wed Jan 29 15:03:39 2025 +0100 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..a1e0e78 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is big service.
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Sport England approximates the value of costs on sport-related gaming 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 summer.
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Meanwhile, German research firm Sport & Markt approximates the overall international gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://www.yewiki.org/User:DomingoHarpur41).
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But when the integrity of occasions are hit the gambling market suffers, and revenues are put under threat if consumers can not bet with self-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://wiki.tld-wars.space/index.php/Sport_Betting_Industry_Aims_To_Protect_Itself) gambling market now.
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"Not only is it a considerable market in world service, 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 allegations associating with a test against England at Lord's last month.
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Three of these players 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 champion John Higgins was cleared of match-fixing claims, but was banned last week for 6 months for failing to report the prohibited approach to him to toss frames.
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There are also two other continuing investigations - not associated 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 biggest online sporting exchanges.
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"If the sport is viewed as honest, straight and fair that is great for betting firms due to the fact that individuals will invest money wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK regulated betting market ... it is not actually a favorable 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 be mindful 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 Law Report conference into [sports betting](http://wowonder.technologyvala.com/read-blog/166_sport-betting-industry-looks-to-protect-itself.html), the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people 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 inadequate to simply have deterrents, sanctions and disciplinary treatments, however that the way to tackle possible issues around players is likewise through education.
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Mr Taylor says guidelines require to be discussed plainly to players with clear examples, and by individuals they appreciate.
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"Through educating gamers about [sports betting](https://meta.mactan.com.br/read-blog/28875_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) you enhance integrity and that is in everybody'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 regulative legal guidance at the Football Association, concurs.
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"Prevention is better than treatment, and we also make a point of informing gamers 'you are going to be caught'."
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"It is crucial that sport is directly, and is seen to be directly," he adds.
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"If it loses that then people do not wish to bet, that is not in gaming companies' interests, and it is not in our interests."
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He said that once a great credibility was lost, the damage to a sport was "incalculable".
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FA rules imply players are not allowed to bank on a competitors in which they are involved.
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Mr Johnson says gamers need to be seen not to be cashing in on any inside understanding, which he says could trigger "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 autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to get over to players the reputational risk to the game," he says. "Once confidence has actually been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, 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 manage industrial betting in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating bulk of sports wagering occurring 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 event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it likewise harms the business interests of [sports betting](https://adventuredirty.com/read-blog/9562_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) bodies and [sports betting](https://globalunitedspirits.com/read-blog/4020_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) wagering."
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The commission has developed an in-house [Sports Betting](http://files.mfactory.org/shop/bbs/board.php?bo_table=free&wr_id=23609) Intelligence Unit to receive and disseminate details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt sports wagering," he says.
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"We will notify sports of our issues, to assist prevent or cut [illegal] activity"
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In May 2010, the commission likewise introduced a personal 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 duration there has actually been just one criminal prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous examinations, which much helpful info has also been passed to [sports betting](https://social.projectkabahagi.com/read-blog/8346_latest-massachusetts-sports-betting-bill-features-substantial-tax-hike-and-prohi.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 discontinuing a criminal investigation "in favour of letting [sports betting](https://personal.spaces.one/read-blog/4051_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) governing bodies take the lead".
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Meanwhile, he says a lot of those seeking to cheat the sports wagering industry were knowledgeable about sports and sporting people, 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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