commit 631911729c23a8a0368faca13543cd66d7e68551 Author: jodybaldwin64 Date: Wed Jan 15 18:51:50 2025 +0000 Add Sport Betting Industry Wants To Protect Itself 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..295f820 --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](https://clik.social/read-blog/19028_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) industry seeks 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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[sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:Nellie97X443) on sport is big company.
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Sport England approximates the value of spending 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 grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt estimates the general worldwide gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:Don12798182) gambling.
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But when the stability of events are struck the [sports betting](https://sosmed.almarifah.id/read-blog/1311_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) industry suffers, and profits are put under risk if clients can not bet with self-confidence.
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And there can have been couple of 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 talks about the [sports betting](https://doum.cn/read-blog/2206_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) 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 newspapers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing accusations relating to a test versus 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 accusations, but was banned recently for six months for failing to report the prohibited approach to him to throw 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, one of the UK's most significant online sporting exchanges.
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"If the sport is perceived as sincere, straight and fair that benefits wagering companies since individuals will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan allegations, although unassociated to the UK regulated [sports betting](https://demo.shoudyhosting.com/qtoa/?qa=100442/uk-betting-firms-gamble-on-us-after-sports-wager-ruling) industry ... it is not truly a positive story for [sports betting](http://medankepo.com/ngembour/PorterckJunkinsqg) 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 at a World [sports betting](https://hcsxy2024.com/read-blog/2060_sport-betting-industry-looks-to-protect-itself.html) Law Report conference into [sports betting](https://bence.net/read-blog/6363_things-you-need-to-understand-about-rafting-adventures.html) gambling, the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "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 betting](https://cittaviva.net/read-blog/21834_things-you-need-to-understand-about-rafting-adventures.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, however that the method to take on possible problems around gamers is likewise through education.
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Mr Taylor states guidelines need to be explained plainly to players with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](https://noaisocial.pro/read-blog/2358_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) you strengthen stability which is in everybody'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 regulatory legal guidance at the Football Association, agrees.
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"Prevention is much better than treatment, and we likewise make a point of informing players 'you are going to be caught'."
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"It is necessary that sport is directly, and is seen to be straight," he includes.
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"If it loses that then people do not wish to wager, that is not in gambling companies' interests, and it is not in our interests."
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He said that once a good reputation was lost, the damage to a sport was "incalculable".
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FA rules indicate gamers are not permitted to bank on a competitors 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 knowledge, which he says could trigger "brand name damage" to football and its competitors.
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So, even a 2nd Division player knocked out of the FA Cup in the autumn 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 threat to the video game," he states. "Once self-confidence has 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" approach, then maybe 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 commercial gambling in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all [sports betting](https://bikapsul.com/read-blog/1424_how-are-betting-odds-calculated.html) in the UK apart from spread [sports betting](https://octomo.co.uk/read-blog/6507_sport-betting-industry-seeks-to-protect-itself.html), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:BrettUeb097) occurring through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting event.
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"Such cheating has the possible to undermine the stability of a sport, and it also harms the industrial interests of [sports betting](https://olps.co.za/wiki/User:Walker3540) bodies and [sports betting](https://www.contraband.ch/read-blog/41672_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering."
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The commission has established an internal [Sports Betting](https://humlog.social/read-blog/21455_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to get and disseminate info to sporting authorities, [sports betting](https://app.deepsoul.es/read-blog/80_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) companies and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://inicknet.com/read-blog/2275_the-history-of-the-nfl-and-how-to-bet-on-it.html)," he says.
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"We will alert [sports betting](https://social.vetmil.com.br/read-blog/15476_how-much-are-americans-spending-on-sports-betting.html) of our concerns, to help avoid or cut [prohibited] activity"
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In May 2010, the commission also 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 man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing examinations, and that much helpful info has likewise been passed to [sports betting](https://social.instinxtreme.com/read-blog/13659_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would think about stopping a criminal investigation "in favour of letting [sports betting](https://app.deepsoul.es/read-blog/393_the-ins-and-outs-of-betting-on-the-nfl-draft.html) governing bodies take the lead".
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Meanwhile, he states a number of those seeking to cheat the [sports betting](https://d9talks.site/read-blog/1254_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) industry were educated about [sports betting](https://www.sportfansunite.com/read-blog/289_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) and sporting individuals, and about wagering operations and the motion of money.
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"They look for out the vulnerabilities of these to assist in their business."
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Related web links
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World [sports betting](https://noaisocial.pro/read-blog/2365_things-you-need-to-understand-about-rafting-adventures.html) 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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