commit 9e0101d933f9bb27b08194144fc66f2911214460 Author: coreyschaefer Date: Thu Jan 2 07:30:21 2025 +0800 Add Sport Betting Industry Aims To Protect Itself 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..41f6e3e --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport [sports betting](https://lidoo.com.br/read-blog/14737_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) industry 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 service.
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Sport England approximates the value of spending 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 likely to have grown further, 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 total global gambling market will deserve 263 (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://socialsnug.net/read-blog/8167_how-are-betting-odds-calculated.html).
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But when the integrity of occasions are struck the gambling market suffers, and profits are put under threat if customers can not bet with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](https://jimsusefultools.com/index.php/User:LisaCastanon2) 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://connectingsparks.com/read-blog/25052_things-you-need-to-know-about-rafting-adventures.html) market now.
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"Not just is it a substantial market in world service, it is one that is now on the front pages of papers."
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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 players have said they will also 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 claims, however was prohibited recently for six months for stopping working to report the unlawful approach to him to toss frames.
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There are likewise 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 greatest 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 [sports betting](https://social.updum.com/read-blog/30_the-ins-and-outs-of-betting-on-the-nfl-draft.html) with confidence," he states.
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"If you take the Pakistan allegations, although unrelated to the UK managed wagering industry ... it is not really a positive story for [sports betting](http://ringturbine.com:80/index.php/User:AVIArlen05) in the UK.
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"That is because the understanding is that 'cricket is now something we might need to be cautious 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 professionals at a World [sports betting](https://bestchristian.com/read-blog/2975_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Law Report conference into [sports betting](https://twitemedia.com/read-blog/67_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html), the focus has to be on sportsmen 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 rivals or the referee."
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His organisation represents guys and ladies in 15 [sports betting](https://nubiantalk.site/read-blog/12416_how-much-are-americans-spending-on-sports-betting.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 insufficient to merely have deterrents, sanctions and disciplinary procedures, however that the method to tackle possible concerns around players is likewise through education.
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Mr Taylor states guidelines require to be explained plainly to players with clear examples, and by people they appreciate.
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"Through educating gamers about [sports betting](https://moonifie.com/read-blog/1429_things-you-need-to-understand-about-rafting-adventures.html) you reinforce integrity which remains in everybody's interest," he includes.
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"If players 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 recommendations at the Football Association, agrees.
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"Prevention is better than cure, and we also make a point of telling gamers 'you are going to be captured'."
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"It is important that sport is directly, and is seen to be directly," he includes.
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"If it loses that then individuals don't desire to wager, that is not in [sports betting](https://lidoo.com.br/read-blog/14724_things-you-need-to-understand-about-rafting-adventures.html) companies' interests, and it is not in our interests."
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He stated that when a good reputation was lost, the damage to a sport was "enormous".
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FA guidelines mean gamers are not allowed to bet on a competition in which they are involved.
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Mr Johnson states gamers have actually to be seen not to be capitalizing any inside understanding, which he says could 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 autumn can not wager on a Manchester United v Chelsea cup final the following spring.
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"We have to overcome to players the reputational danger to the game," he says. "Once confidence has been harmed 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 set up under the Gambling Act 2005 to regulate commercial gaming 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://social.stssconstruction.com/read-blog/21125_the-ins-and-outs-of-betting-on-the-nfl-draft.html) in the UK apart from spread wagering, which is the remit of the FSA.
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"The frustrating bulk of [sports betting](https://miderde.de/index.php?title=Benutzer:Junior83E61) taking place through UK operators is legal and fair," he states.
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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 possible to weaken the stability of a sport, and it also harms the commercial interests of [sports betting](https://noaisocial.pro/read-blog/2358_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) bodies and [sports betting](https://energypowerworld.co.uk/read-blog/144594_for-sports-gambling-to-be-legalised.html) wagering."
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The commission has developed an internal [Sports Betting](https://wiki.ragnaworld.net/index.php?title=User:AlisiaStern2) Intelligence Unit to receive and distribute details to sporting authorities, [sports betting](https://messengerkivu.com/read-blog/2361_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) firms and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://swaggspot.com/read-blog/9524_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) wagering," he says.
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"We will inform [sports betting](https://twitemedia.com/read-blog/67_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) of our concerns, to assist avoid or curtail [prohibited] activity"
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In May 2010, the commission likewise 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 period there has been just one criminal prosecution, a 24-year-old guy who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing investigations, which much helpful details has also been passed to [sports betting](http://milkywaystars.site/read-blog/3048_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.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 consider terminating a criminal examination "in favour of letting [sports betting](https://inicknet.com/read-blog/2259_online-betting-firms-gamble-on-soccer-mad-nigeria.html) governing bodies take the lead".
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Meanwhile, he says much of those wanting to cheat the [sports betting](https://flowsocial.xyz/read-blog/606_just-how-much-are-americans-spending-on-sports-betting.html) wagering industry were well-informed about [sports betting](https://wavedream.wiki/index.php/User:AthenaMattes792) and sporting individuals, and about [sports betting](http://titotit.com/xe/?document_srl=813361) operations and the motion of money.
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"They look for the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://lovn1world.com/read-blog/2414_missouri-sports-betting-ballot-measure-approved-by-voters.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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