commit 3094645e309b1fd83c55d9b11ccf3c47e02f7199 Author: joann82242971 Date: Thu Jan 30 09:10:10 2025 +0800 Add Sport Betting Industry Looks To Protect Itself 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..85e7ec0 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is substantial organization.
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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 likely to have grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study company Sport & Markt estimates the general worldwide gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports gambling.
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But when the stability of events are struck the gambling market suffers, and revenues are put under threat if clients can not bet 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 talks about the sports gambling market now.
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"Not only is it a significant market in world organization, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by police over spot-fixing accusations associating with a test versus England at Lord's last month.
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Three of these gamers have 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 claims, however was banned last week for six months for failing to report the illegal technique to him to toss frames.
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There are also 2 other continuing examinations - not associated 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 greatest online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is good for wagering firms because individuals will invest cash betting with self-confidence," he states.
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"If you take the Pakistan claims, although unassociated to the UK controlled betting industry ... it is not actually a positive story for wagering in the UK.
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"That is since the understanding is that 'cricket is now something we may 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 professionals at a World Sports Law Report conference into [sports betting](https://naijamatta.com/read-blog/52597_latest-ma-sports-betting-proposal-includes-significant-tax-boost-and-restriction.html), the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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His organisation represents men and females 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 inadequate to simply have deterrents, sanctions and disciplinary procedures, but that the method to tackle potential concerns around players is also through education.
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Mr Taylor says guidelines need to be discussed plainly to players with clear examples, and by individuals they appreciate.
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"Through informing players about [sports betting](https://gluuv.com/read-blog/182_sport-betting-industry-wants-to-protect-itself.html) you reinforce integrity and that is in everyone's interest," he includes.
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"If gamers 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, concurs.
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"Prevention is much better than treatment, and we likewise make a point of telling players 'you are going to be captured'."
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"It is imperative that sport is straight, and is seen to be straight," he adds.
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"If it loses that then individuals do not wish to bet, that is not in gaming companies' 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 rules mean gamers are not allowed to wager on a competition in which they are included.
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Mr Johnson states players have to be seen not to be cashing in on any inside understanding, which he states could trigger "brand name damage" to football and its competitions.
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So, even a Second Division player knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We have to overcome to players the reputational threat to the game," he says. "Once confidence has actually 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" method, then perhaps 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 control business gambling in Great Britain.
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An ex-chief constable of West Midlands cops, 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 majority of sports 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 event.
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"Such cheating has the potential to weaken the stability of a sport, and it likewise hurts the industrial interests of sports bodies and sports wagering."
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The commission has actually developed an internal [Sports Betting](https://www.miptrucking.net/read-blog/2495_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) Intelligence Unit to get and share info to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a substantial insight into world of corrupt [sports betting](https://afrocinema.org/read-blog/64055_latest-massachusetts-sports-betting-proposal-includes-substantial-tax-boost-and.html)," he states.
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"We will notify sports of our concerns, to help avoid or reduce [unlawful] activity"
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In May 2010, the commission also introduced 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 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 eight continuous investigations, and that much helpful info has actually also been passed to sports authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense reliable, then the commission would think about discontinuing a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says a number of those aiming to cheat the sports wagering industry were educated about [sports betting](http://ttceducation.co.kr/bbs/board.php?bo_table=free&wr_id=2223070) and sporting individuals, and about wagering operations and the movement of money.
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"They look for out the vulnerabilities of these to assist in their enterprises."
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