From a3cbfc5a5b5f519cba7d29d058852ee32c90748d Mon Sep 17 00:00:00 2001 From: imumitchell543 Date: Tue, 31 Dec 2024 00:17:53 +0000 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md 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..eba8965 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering industry wants to secure itself
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16 September 2010
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By Bill Wilson
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Business press reporter, BBC News
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[sports betting](http://www.vmeste-so-vsemi.ru/wiki/%D0%A3%D1%87%D0%B0%D1%81%D1%82%D0%BD%D0%B8%D0%BA:NoeC88089893) on sport is substantial business.
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Sport England estimates 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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Which figure is likely to have actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt approximates the overall worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://philadelphiaflyersclub.com/read-blog/8427_just-how-much-are-americans-investing-in-sports-betting.html) gambling.
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But when the [integrity](http://www.mizmiz.de/read-blog/80519_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of events are hit the gaming market suffers, and profits are put under hazard if consumers can not bet with [self-confidence](https://thewion.com/read-blog/185992_things-you-need-to-learn-about-rafting-adventures.html).
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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](http://ringturbine.com:80/index.php/User:Francisca17S) market now.
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"Not just is it a substantial market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have actually been questioned by police over spot-fixing claims relating to a test versus England at Lord's last month.
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Three of these gamers have actually stated they will likewise challenge the corruption charges installed against 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 claims, but was banned recently for six months for failing to report the unlawful technique to him to throw frames.
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There are also two other continuing investigations - not related 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 perceived as truthful, straight and reasonable that benefits [sports betting](https://bikapsul.com/read-blog/1481_for-sports-gambling-to-be-legalised.html) companies due to the fact that individuals will invest money [sports betting](https://bikapsul.com/read-blog/1441_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) with confidence," he states.
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"If you take the Pakistan accusations, although unassociated to the UK regulated wagering industry ... it is not truly a [positive](https://social.instinxtreme.com/read-blog/14247_the-ins-and-outs-of-betting-on-the-nfl-draft.html) story for wagering in the UK.
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"That is since the perception 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](https://social.instinxtreme.com/read-blog/13739_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) [Law Report](https://voggisper.com/read-blog/1230_how-fantasy-betting-app-development-companies-and-sports-developers.html) conference into [sports betting](https://camlive.ovh/read-blog/2329_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) gambling, the focus has to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "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 betting](https://social.vetmil.com.br/read-blog/15121_how-to-play-bet9ja-online.html) 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 inadequate to simply have deterrents, sanctions and disciplinary procedures, but that the way to deal with potential problems around gamers is likewise through education.
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Mr Taylor says rules require to be described clearly to players with clear examples, and by individuals they respect.
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"Through informing players about [sports betting](https://usvs.ms/read-blog/796_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering you strengthen integrity which is in everyone'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 suggestions at the Football Association, concurs.
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"Prevention is better than remedy, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is crucial 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 said that as soon as a great reputation was lost, the damage to a sport was "incalculable".
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FA rules suggest players are not permitted to wager on a competitors in which they are involved.
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Mr Johnson says players need to be seen not to be capitalizing any inside knowledge, which he states might trigger "brand damage" to football and its competitions.
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So, even a 2nd Division player 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 have to get over to players the reputational risk to the 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" technique, then maybe Nick Tofiluk, director of policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage industrial gambling in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all wagering in the UK apart from spread [sports betting](https://jamboz.com/read-blog/139_how-much-are-americans-investing-in-sports-betting.html), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://www.eruptz.com/read-blog/17600_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering happening through UK operators is legal and fair," he states.
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"But for some there is the temptation to ... corruptly interfere with the result of a sporting occasion.
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"Such cheating has the [prospective](https://mysuccessdarpan.com/read-blog/12326_enhance-your-business-opportunities-with-efficient-sports-apps.html) to weaken the stability of a sport, and it also damages the industrial interests of [sports betting](https://reckoningz.com/warner-bros-discovery-sets-stage-for-potential-cable-deal-by/) bodies and [sports betting](https://wiki.vst.hs-furtwangen.de/wiki/User:RafaelaOlden072) wagering."
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The commission has actually developed an in-house [Sports Betting](https://voggisper.com/read-blog/1219_just-how-much-are-americans-investing-in-sports-betting.html) Intelligence Unit to get and share information to sporting authorities, [sports betting](https://www.grandtribunal.org/wiki/User:Roderick60C) firms and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://skylockr.app/read-blog/209_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering," he states.
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"We will signal [sports betting](https://realhindu.in/read-blog/21495_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) of our issues, to help avoid or cut [illegal] activity"
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In May 2010, the commission likewise presented 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 period there has actually been simply one criminal prosecution, a 24-year-old man who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 ongoing examinations, and that much useful information has actually likewise been passed to [sports betting](https://reckoningz.com/sport-betting-industry-looks-to-protect-itself/) 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 think about terminating a criminal investigation "in favour of letting [sports betting](https://octomo.co.uk/read-blog/6566_things-you-need-to-learn-about-rafting-adventures.html) governing bodies take the lead".
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Meanwhile, he says a lot of those seeking to cheat the [sports betting](https://coptr.digipres.org/index.php/User:ClaribelXfn) wagering industry were experienced about [sports betting](https://energypowerworld.co.uk/read-blog/144475_how-much-are-americans-spending-on-sports-betting.html) and sporting people, and about [sports betting](https://social.midnightdreamsreborns.com/read-blog/13190_just-how-much-are-americans-spending-on-sports-betting.html) operations and the motion of money.
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"They look for the of these to help in their business."
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Related web links
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World [sports betting](https://social.instinxtreme.com/read-blog/14247_the-ins-and-outs-of-betting-on-the-nfl-draft.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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Gambling Commission
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