commit 1f5abc634880b9f9b7ceb861efea53a6fa7f9c36 Author: jensboatright Date: Thu Jan 2 08:23:56 2025 +0800 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..bbdb1a2 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport wagering industry looks to protect itself
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
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](https://devnew.judefly.com/index.php?link1=read-blog&id=3270_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) on sport is big organization.
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approximates the worth of costs on sport-related [sports betting](https://nexthub.live/read-blog/99_how-to-play-bet9ja-online.html) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which 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 season.
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Meanwhile, German research study firm Sport & Markt approximates the overall global [sports betting](https://www.contraband.ch/read-blog/41819_things-you-need-to-understand-about-rafting-adventures.html) market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://social.ishare.la/read-blog/1428_missouri-sports-betting-ballot-measure-approved-by-voters.html) gambling.
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But when the stability of events are hit the gambling market suffers, and incomes are put under threat if consumers can not wager with confidence.
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And there can have been couple of higher-profile sport wagering 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](https://santosfcfansclub.com/read-blog/7612_enhance-your-business-opportunities-with-efficient-sports-apps.html) market now.
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"Not just is it a considerable market in world organization, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing claims associating with 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 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 claims, however was prohibited last week for 6 months for stopping working to report the unlawful technique to him to toss 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 biggest online sporting exchanges.
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"If the sport is viewed as truthful, straight and fair that benefits wagering companies since individuals will invest money betting with self-confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK controlled [sports betting](https://farmwoo.com/read-blog/9538_sport-betting-industry-aims-to-protect-itself.html) market ... it is not truly a favorable story for wagering 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 avoid future scandals?
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According to professionals at a World [sports betting](https://doum.cn/read-blog/2184_things-you-need-to-learn-about-rafting-adventures.html) Law Report conference into [sports betting](https://fishtanklive.wiki/User:MarkoSeese08196) gambling, 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 fix a match are the competitors or the referee."
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His organisation represents guys and women in 15 [sports betting](https://younetwork.app/read-blog/8717_how-are-betting-odds-calculated.html) 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 merely have deterrents, sanctions and disciplinary procedures, but that the way to take on potential concerns around gamers is also through education.
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Mr Taylor says guidelines need to be described clearly to players with clear examples, and by people they appreciate.
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"Through educating players about [sports betting](https://southwales.com/read-blog/307_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering you reinforce stability and that is in everyone'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 regulatory legal recommendations at the Football Association, agrees.
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"Prevention is better than remedy, and we also make a point of telling gamers 'you are going to be caught'."
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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 people do not wish to bet, that is not in [sports betting](https://philadelphiaflyersclub.com/read-blog/8411_how-fantasy-betting-app-development-companies-and-sports-developers.html) firms' interests, and it is not in our interests."
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He stated that once an excellent track record was lost, the damage to a sport was "incalculable".
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FA rules indicate players are not permitted to bank on a competition in which they are included.
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Mr Johnson says players have actually to be seen not to be capitalizing any inside knowledge, which he states might cause "brand damage" to football and its competitions.
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So, even a Second 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 need to overcome to gamers the reputational risk to the game," he states. "Once confidence has been harmed 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 regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control commercial gaming in Great Britain.
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An ex-chief constable of West Midlands police, 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 overwhelming majority of [sports betting](https://we2chat.net/read-blog/26318_things-you-need-to-know-about-rafting-adventures.html) happening through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly disrupt the outcome of a sporting event.
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"Such unfaithful has the potential to weaken the stability of a sport, and it also damages the commercial interests of [sports betting](https://genzkenya.co.ke/read-blog/112_the-ins-and-outs-of-betting-on-the-nfl-draft.html) bodies and [sports betting](https://munidigital.iie.cl/wiki/index.php?title=Usuario:BelindaEnderby)."
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The commission has actually developed an internal [Sports Betting](https://sportstalkhub.com/read-blog/21422_missouri-sports-betting-ballot-measure-approved-by-voters.html) Intelligence Unit to get and distribute information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](http://video.firstkick.live/read-blog/4640_the-ins-and-outs-of-betting-on-the-nfl-draft.html)," he says.
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"We will notify [sports betting](https://catvcommunity.com.tr/read-blog/4789_the-ins-and-outs-of-betting-on-the-nfl-draft.html) of our concerns, to assist avoid or curtail [prohibited] activity"
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In May 2010, the commission likewise presented a confidential 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 just one criminal prosecution, a 24-year-old man who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, which much useful details has also been passed to [sports betting](https://comunidadebrasilbr.com/read-blog/14369_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would consider stopping a criminal investigation "in favour of letting [sports betting](http://www.seferpanim.com/read-blog/378_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) governing bodies take the lead".
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Meanwhile, he states many of those looking to cheat the [sports betting](https://seenoor.com/read-blog/439_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering industry were educated about [sports betting](https://coptr.digipres.org/index.php/User:BradSnook738766) and sporting individuals, and about wagering operations and the movement of cash.
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"They seek out the vulnerabilities of these to help in their enterprises."
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Related internet links
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World [sports betting](https://www.opentx.cz/index.php/U%C5%BEivatel:AlannaHamer89) 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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