commit b8071ec0a417940ab3a84fc6a1b6337e5c99e309 Author: tobycorser3646 Date: Thu Dec 19 21:46:52 2024 +0000 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..56de1ad --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Sport wagering market wants to secure itself
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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://wheeoo.com/read-blog/57114_how-to-play-bet9ja-online.html) on sport is substantial company.
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Sport England estimates the value of spending on sport-related [sports betting](https://bdstarter.com/why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform/) 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 even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research company Sport & Markt estimates the overall worldwide gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://philadelphiaflyersclub.com/read-blog/8453_things-you-need-to-learn-about-rafting-adventures.html) gaming.
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But when the stability of events are struck the gambling industry suffers, and are put under risk if consumers can not bet with self-confidence.
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And there can have been couple of higher-profile sport [sports betting](https://customerscomm.com/read-blog/3708_things-you-need-to-know-about-rafting-adventures.html) 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://tartar.app/read-blog/1666_missouri-sports-betting-ballot-measure-approved-by-voters.html) market now.
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"Not just is it a considerable 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 police over spot-fixing claims relating to 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 mounted against 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 allegations, however was prohibited recently for 6 months for stopping working to report the unlawful approach to him to throw frames.
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There are likewise two 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, among the UK's greatest online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits wagering firms due to the fact that people will spend money [sports betting](https://projectblueberryserver.com/index.php/User:AmosWje444605) with confidence," he says.
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"If you take the Pakistan accusations, although unrelated to the UK managed wagering market ... it is not actually a positive story for wagering in the UK.
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"That is since the perception is that 'cricket is now something we might need to be mindful 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 experts at a World [sports betting](https://skylockr.app/read-blog/222_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Law Report conference into [sports betting](https://bdstarter.com/compare-review-oddsjet-de/) gambling, the focus needs to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation mentions: "The only people who can repair a match are the competitors or the referee."
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His organisation represents males and ladies in 15 [sports betting](https://si-sudagro.net/cdc-hiruak/index.php?qa=152756&qa_1=just-how-much-are-americans-investing-in-sports-betting) 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 merely have deterrents, sanctions and disciplinary procedures, but that the method to tackle potential issues around players is likewise through education.
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Mr Taylor says rules need to be described plainly to gamers with clear examples, and by people they respect.
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"Through informing gamers about [sports betting](https://skylockr.app/read-blog/221_just-how-much-are-americans-investing-in-sports-betting.html) you enhance integrity and that remains in everyone's interest," he includes.
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"If gamers 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 regulative legal advice at the Football Association, concurs.
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"Prevention is better than cure, and we also 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 adds.
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"If it loses that then people do not want to wager, that is not in [sports betting](https://www.tobeop.com/compare-review-oddsjet-de/) firms' interests, and it is not in our interests."
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He stated that when a great reputation was lost, the damage to a sport was "enormous".
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FA rules indicate gamers are not enabled to wager on a competition in which they are included.
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Mr Johnson says players have to be seen not to be capitalizing any inside knowledge, which he says might trigger "brand damage" to football and its competitions.
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So, even a Second [Division player](https://wiki.dulovic.tech/index.php/User:OJEAntwan4) 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 need to get over to players the reputational danger to the video game," he states. "Once confidence has been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then possibly 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 regulate business gambling 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 [sports betting](https://we2chat.net/read-blog/26320_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html), which is the remit of the FSA.
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"The frustrating bulk of [sports betting](http://ringturbine.com:80/index.php/User:TuyetErd09385936) wagering happening through UK operators is legal and fair," 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 cheating has the prospective to weaken the stability of a sport, and it likewise damages the business interests of [sports betting](https://mgnm.uk/read-blog/3115_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) bodies and [sports betting](https://energypowerworld.co.uk/read-blog/144372_exploring-the-sports-betting-industry-putting-ideas-into-practice.html)."
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The commission has established an in-house [Sports Betting](https://nana22.com/read-blog/2749_how-are-betting-odds-calculated.html) Intelligence Unit to get and disseminate info to sporting authorities, [sports betting](https://youfurry.com/read-blog/37996_sport-betting-industry-seeks-to-protect-itself.html) companies and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://africasfaces.com/read-blog/5852_how-are-betting-odds-calculated.html)," he states.
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"We will signal [sports betting](https://namesdev.com/read-blog/15168_missouri-sports-betting-ballot-measure-approved-by-voters.html) of our concerns, to help avoid or reduce [unlawful] activity"
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In May 2010, the commission likewise introduced a private telephone hotline for those with info or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year duration there has actually been simply 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 8 ongoing examinations, and that much beneficial details has actually likewise been passed to [sports betting](https://social.oneworldonesai.com/read-blog/1655_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would think about ceasing a criminal investigation "in favour of letting [sports betting](https://www.oscommerce.com/wiki/User_talk:JoeCreswell47) governing bodies take the lead".
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Meanwhile, he says a number of those aiming to cheat the [sports betting](https://18plus.fun/read-blog/9_how-to-play-bet9ja-online.html) market were well-informed about [sports betting](https://fcschalke04fansclub.com/read-blog/7411_just-how-much-are-americans-spending-on-sports-betting.html) and sporting people, and about wagering operations and the motion of money.
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"They look for out the vulnerabilities of these to help in their business."
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Related internet links
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World [sports betting](https://leicestercityfansclub.com/read-blog/9189_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) 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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