commit b9561e45af3f03c2f383eeb1c6643172883992be Author: kimberleybold6 Date: Wed Jan 29 18:42:57 2025 +0000 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..7668e22 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial organization.
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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 actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research company Sport & Markt approximates the total international gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](http://pasarinko.zeroweb.kr/bbs/board.php?bo_table=notice&wr_id=4405733).
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But when the integrity of events are hit the betting market suffers, and revenues are put under hazard if consumers can not bet with confidence.
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And there can have been couple of higher-profile sport betting stories than those impacting 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 market now.
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"Not just is it a substantial 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 police 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 stated they will likewise 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 prohibited last week for 6 months for failing to report the illegal method to him to toss frames.
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There are also 2 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 biggest online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that is great for betting companies because individuals will spend cash betting with self-confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK controlled betting industry ... it is not really a favorable story for betting in the UK.
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"That is because the understanding 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 experts at a World Sports Law Report conference into sports betting, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only individuals who can fix a match are the rivals 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 gamer organisations, such as the Professional Footballers' Association.
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He thinks that it is not sufficient to simply have deterrents, sanctions and disciplinary procedures, but that the method to deal with possible concerns around players is also through education.
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Mr Taylor says guidelines need to be discussed clearly to gamers with clear examples, and by people they respect.
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"Through educating gamers about [sports betting](https://boonbac.com/read-blog/3917_new-ma-sports-betting-legislation-contains-significant-tax-boost-amp-prohibition.html) you strengthen integrity which remains in everybody's interest," he adds.
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"If players are more difficult to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal guidance at the Football Association, agrees.
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"Prevention is much better than remedy, and we also make a point of informing 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 do not wish 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 guidelines mean players are not enabled to bank on a competition in which they are involved.
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Mr Johnson states players have actually to be seen not to be capitalizing any inside understanding, which he says 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 autumn can not wager on a Manchester United v Chelsea cup final the following spring.
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"We need to overcome to players the reputational risk to the game," he says. "Once 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" technique, 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 regulate business gambling in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating bulk of [sports betting](https://edu.shpl.ru/moodle/blog/index.php?entryid=28751) 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 outcome of a sporting occasion.
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"Such unfaithful has the prospective to weaken the integrity of a sport, and it likewise harms the industrial interests of sports bodies and [sports betting](http://ttceducation.co.kr/bbs/board.php?bo_table=free&wr_id=2223070)."
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The commission has actually established an internal [Sports Betting](https://heyplacego.com/read-blog/1361_latest-ma-sports-betting-legislation-contains-significant-tax-hike-and-restricti.html) Intelligence Unit to get and share information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have 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 [unlawful] activity"
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In May 2010, the commission likewise introduced a private 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 been just one prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, and that much helpful details has actually likewise been passed to sports authorities.
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He stated that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would consider discontinuing a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says much of those looking to cheat the sports betting industry were well-informed about sports and sporting people, and about betting 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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