commit e0fe20bce97554997d5ea771429216e22a8fbd4e Author: jere59i3978601 Date: Wed Jan 29 08:57:42 2025 -0600 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..a3eb1c7 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Betting on sport is huge company.
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Sport England estimates 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 summer season.
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Meanwhile, German research company Sport & Markt approximates the general global betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports gambling.
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But when the stability of events are struck the gaming industry suffers, and profits are put under threat if clients can not wager with confidence.
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And there can have been few 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 gambling market now.
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"Not only is it a considerable market in world service, 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 allegations associating with a test against England at Lord's last month.
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Three of these gamers have actually stated 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 champion John Higgins was cleared of match-fixing claims, however was banned recently for six months for stopping working to report the illegal technique to him to toss frames.
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There are also 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, one of the UK's most significant online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is great for wagering companies since people will invest cash wagering with self-confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK managed betting industry ... it is not truly a favorable story for wagering 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 specialists at a World Sports Law Report conference into sports gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents males and women in 15 sports 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 insufficient to simply have deterrents, sanctions and disciplinary procedures, but that the way to tackle prospective concerns around players 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 appreciate.
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"Through informing players about [sports betting](https://thewion.com/read-blog/190964_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) you strengthen integrity which is in everyone's interest," he adds.
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"If players 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 guidance at the Football Association, concurs.
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"Prevention is much better than remedy, and we likewise 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 straight," he includes.
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"If it loses that then people do not wish to bet, that is not in betting firms' interests, and it is not in our interests."
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He said that as soon as a good track record was lost, the damage to a sport was "enormous".
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FA rules indicate gamers are not permitted to bank on a competition in which they are involved.
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Mr Johnson says gamers have actually to be seen not to be capitalizing any inside knowledge, which he states could trigger "brand name damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to overcome to gamers the reputational danger to the video game," he says. "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" 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 business gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating bulk of sports betting 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 result of a sporting event.
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"Such unfaithful has the potential to weaken the integrity of a sport, and it also hurts the industrial interests of sports bodies and sports wagering."
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The commission has actually established an in-house [Sports Betting](http://wikimi.de/doku.php/spo_t_betting_indust_y_aims_to_p_otect_itself) Intelligence Unit to receive and share 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](https://disgaeawiki.info/index.php/User:CarolineMowle90)," he states.
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"We will inform sports of our concerns, to assist prevent or reduce [illegal] 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 period there has actually been just one criminal prosecution, a 24-year-old guy who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still eight ongoing examinations, which much helpful details has likewise been passed to sports authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost reliable, 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 states much of those looking to cheat the [sports betting](https://www.videochatforum.ro/members/aidacanady8766/) market were experienced about sports and sporting people, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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