commit 3c52f9a2a0e2afd94b2c06746b6921b73b2fcc22 Author: nolanrittenhou Date: Wed Jan 29 22:03:59 2025 +0100 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..ae181ff --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
Betting on sport is huge company.
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Sport England estimates the worth 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 summertime.
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Meanwhile, German research study company Sport & Markt approximates the general worldwide gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://app.ychatsocial.com/read-blog/101_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gaming.
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But when the integrity of occasions are struck the gambling market suffers, and profits are put under danger if customers can not bet with self-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 & Markt's Gareth Moore observes: "Everyone discuss the [sports betting](https://gabumbi.com/read-blog/14446_latest-ma-sports-betting-legislation-contains-massive-tax-boost-amp-ban-on-live.html) market now.
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"Not only is it a substantial market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing allegations relating to a test against England at Lord's last month.
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Three of these gamers have stated they will likewise 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 champion John Higgins was cleared of match-fixing accusations, but was prohibited recently for six months for failing to report the prohibited method to him to toss frames.
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There are likewise two other continuing investigations - not related 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 reasonable that benefits wagering firms because individuals will spend money wagering with self-confidence," he states.
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"If you take the Pakistan accusations, although unrelated to the UK regulated betting industry ... it is not really a positive story for wagering in the UK.
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"That is due to the fact that the understanding is that 'cricket is now something we may have 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 specialists at a World Sports Law Report conference into sports gambling, the focus has to be on sportsmen 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 females in 15 sports in the UK, being an umbrella organisation for all gamer 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, however that the method to take on potential problems around gamers is likewise through education.
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Mr Taylor states guidelines require to be explained plainly to players with clear examples, and by people they respect.
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"Through informing gamers about sports wagering you strengthen stability which 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 guidance at the Football Association, agrees.
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"Prevention is much better than cure, and we likewise make a point of informing gamers 'you are going to be captured'."
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"It is vital that sport is straight, and is seen to be directly," he includes.
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"If it loses that then individuals do not wish to bet, that is not in gambling firms' interests, and it is not in our interests."
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He said that once an excellent reputation was lost, the damage to a sport was "incalculable".
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FA rules indicate gamers are not enabled to bank on a competitors in which they are involved.
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Mr Johnson says players have to be seen not to be capitalizing any inside understanding, which he states might 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 risk to the video game," he says. "Once self-confidence has actually been harmed it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" approach, then maybe Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage commercial gambling in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has duty for policing all betting in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming bulk of [sports betting](https://www.facetwig.com/read-blog/116965_sport-betting-industry-looks-to-protect-itself.html) happening through UK operators is legal and fair," he says.
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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 also harms the commercial interests of sports bodies and sports wagering."
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The commission has developed an internal [Sports Betting](https://connectingsparks.com/read-blog/41646_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Intelligence Unit to receive and disseminate info 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://complexityzoo.net/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week)," he says.
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"We will signal sports of our concerns, to help prevent or cut [prohibited] activity"
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In May 2010, the commission also introduced a private 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 simply one prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still eight ongoing investigations, which much useful information has actually 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 stopping a criminal investigation "in favour of letting sports governing bodies take the lead".
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Meanwhile, he says much of those looking to cheat the sports wagering industry were knowledgeable about sports and sporting people, and about betting operations and the movement of money.
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"They look for the vulnerabilities of these to help in their business."
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