From 25e3ed182f2d4d030874a4a987dc07ccffc4331e Mon Sep 17 00:00:00 2001 From: enidallison610 Date: Wed, 18 Dec 2024 13:47:32 +0000 Subject: [PATCH] Add Sport Betting Industry Aims To Protect Itself --- ...Betting-Industry-Aims-To-Protect-Itself.md | 69 +++++++++++++++++++ 1 file changed, 69 insertions(+) create mode 100644 Sport-Betting-Industry-Aims-To-Protect-Itself.md 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..82fe38a --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,69 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering market seeks to secure 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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[sports betting](https://werderbremenfansclub.com/read-blog/14066_the-ins-and-outs-of-betting-on-the-nfl-draft.html) on sport is huge business.
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Sport England approximates the value of spending on sport-related [sports betting](http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:OJZEsmeralda) 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 approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research study firm Sport & Markt approximates the overall worldwide [sports betting](https://wow.twinear.com/read-blog/1005_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://wiki.armello.com/index.php/User:LizaMorell7654) gambling.
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But when the integrity of occasions are hit the gambling industry suffers, and earnings are put under danger if consumers can not wager with confidence.
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And there can have been few higher-profile sport betting stories than those affecting cricket and snooker this year.
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High-profile
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As Sport & Moore observes: "Everyone talks about the [sports betting](https://jimsusefultools.com/index.php/User:LonDeRougemont5) 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 papers."
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Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations associating with a test versus England at Lord's last month.
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Three of these gamers have said they will likewise 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 prohibited last week for 6 months for failing to report the unlawful method to him to toss frames.
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There are also two other continuing investigations - 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 perceived as honest, straight and reasonable that is great for [sports betting](http://www.seferpanim.com/read-blog/367_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) firms because individuals will invest cash betting with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK managed [sports betting](https://bdstarter.com/sweepstakes-casino-controversy-and-celebrities-all-important-role-2/) industry ... it is not truly a favorable story for betting in the UK.
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"That is since the perception 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 avoid future scandals?
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According to professionals at a World [sports betting](http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:DemetriusU69) Law Report conference into [sports betting](https://leicestercityfansclub.com/read-blog/9189_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can repair a match are the competitors or the referee."
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His organisation represents men and females in 15 [sports betting](https://linkin.commoners.in/read-blog/25720_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.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 insufficient to simply have deterrents, sanctions and disciplinary procedures, but that the way to deal with prospective issues around players is also through education.
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Mr Taylor states guidelines require to be discussed clearly to players with clear examples, and by people they respect.
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"Through informing players about [sports betting](https://globalunitedspirits.com/read-blog/3450_how-to-play-bet9ja-online.html) you reinforce stability which remains in everybody's interest," he includes.
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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 suggestions at the Football Association, concurs.
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"Prevention is much better than treatment, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is important 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 betting companies' interests, and it is not in our interests."
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He stated that when a great credibility was lost, the damage to a sport was "enormous".
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FA rules mean players are not permitted 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 knowledge, which he says might trigger "brand name damage" to football and its competitors.
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So, even a 2nd Division player knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup last the following spring.
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"We have to get over to players the reputational risk to the game," he states. "Once self-confidence has been damaged it is hard to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, then perhaps 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 business [sports betting](https://younivix.com/read-blog/29940_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty 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://chatkc.com/read-blog/473_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) happening through UK operators is legal and fair," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such cheating has the potential to undermine the stability of a sport, and it likewise harms the business interests of [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:GeorgiaAnglin6) bodies and [sports betting](https://valetinowiki.racing/wiki/User:Raymond41Y) wagering."
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The commission has actually established an internal [Sports Betting](https://oeclub.org/index.php/User:MatildaMcGhee) Intelligence Unit to receive and distribute information to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](http://www.seferpanim.com/read-blog/387_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering," he says.
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"We will inform [sports betting](https://moonifie.com/read-blog/1401_the-ins-and-outs-of-betting-on-the-nfl-draft.html) of our issues, to help prevent or curtail [illegal] activity"
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In May 2010, the commission also introduced a confidential 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 period there has been just one prosecution, a 24-year-old male who was warned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk states there are still 8 continuous examinations, which much beneficial information has actually likewise been passed to [sports betting](https://grade1d.smaportal.ae/read-blog/2442_compare-amp-review-oddsjet-de.html) authorities.
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He stated that where an examination by a sport governing body was quicker, and more cost effective, then the commission would consider stopping a criminal investigation "in favour of letting [sports betting](https://tartar.app/read-blog/1670_how-to-play-bet9ja-online.html) governing bodies take the lead".
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Meanwhile, he says much of those aiming to cheat the [sports betting](https://kiigasofthub.com/read-blog/10135_just-how-much-are-americans-spending-on-sports-betting.html) industry were experienced about [sports betting](http://www.seferpanim.com/read-blog/360_how-to-withdraw-from-bet9ja-8-step-guide-to-cash-in-your-wins.html) and sporting individuals, and about [sports betting](https://olympiquelyonnaisfansclub.com/read-blog/14840_missouri-sports-betting-ballot-measure-approved-by-voters.html) operations and the movement of cash.
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"They look for the vulnerabilities of these to assist in their enterprises."
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Related web links
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World [sports betting](https://drapia.org/11-WIKI/index.php/User:MikeMooring) 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
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
Gambling Commission
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The BBC is not responsible for the content of external websites.
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