From 809feaab0130786f1e36ade5c65190d37158d6ce Mon Sep 17 00:00:00 2001 From: brandigreathou Date: Thu, 30 Jan 2025 06:25:54 +0800 Subject: [PATCH] Add Sport Betting Industry Wants To Protect Itself --- ...etting-Industry-Wants-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Wants-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Wants-To-Protect-Itself.md b/Sport-Betting-Industry-Wants-To-Protect-Itself.md new file mode 100644 index 0000000..f28f16b --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Betting on sport is big service.
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Sport England estimates the value of costs on sport-related betting 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 further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research company Sport & Markt estimates the total global betting market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://alamgirtech.com/read-blog/25002_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html).
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But when the stability of occasions are struck the betting market suffers, and profits are put under hazard if customers can not bet with confidence.
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And there can have been few higher-profile sport wagering 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 speak about the [sports betting](https://social.ppmandi.com/read-blog/2113_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) gambling market now.
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"Not just is it a substantial market in world service, 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 allegations connecting 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 installed 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 recently for six months for failing to report the unlawful technique to him to toss frames.
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There are also 2 other continuing examinations - 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 most significant online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that is good for betting companies because individuals will invest cash betting with confidence," he states.
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"If you take the Pakistan claims, although unrelated to the UK managed betting market ... it is not really a favorable story for betting in the UK.
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"That is since the understanding is that 'cricket is now something we might need 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 experts at a World [sports betting](https://wowonder.mitek.com.tr/read-blog/5474_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Law Report conference into [sports betting](https://wiki.team-glisto.com/index.php?title=Sport_Betting_Industry_Aims_To_Protect_Itself), 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 rivals 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 not enough to merely have deterrents, sanctions and disciplinary treatments, however that the way to tackle potential issues around players is also through education.
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Mr Taylor says rules need to be discussed plainly to gamers with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](http://gmsf.kr/bbs/board.php?bo_table=free&wr_id=513702) you strengthen stability and that is in everyone's interest," he adds.
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"If gamers are more difficult 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 guidance at the Football Association, concurs.
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"Prevention is better than cure, and we likewise make a point of informing gamers 'you are going to be caught'."
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"It is necessary that sport is straight, and is seen to be straight," he adds.
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"If it loses that then people do not wish to wager, that is not in gambling companies' interests, and it is not in our interests."
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He said that when a great credibility was lost, the damage to a sport was "enormous".
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FA guidelines indicate players are not allowed to bank on a competition in which they are involved.
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Mr Johnson states players need to be seen not to be capitalizing any inside knowledge, which he states could cause "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 autumn can not bank on a Manchester United v Chelsea cup last the following spring.
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"We have to overcome to players the reputational risk 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" method, then maybe Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage industrial 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 wagering, which is the remit of the FSA.
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"The frustrating majority of sports wagering occurring 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 outcome of a sporting occasion.
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"Such unfaithful has the potential to undermine the stability of a sport, and it likewise hurts the commercial interests of sports bodies and [sports betting](https://zenabifair.com/bbs/board.php?bo_table=free&wr_id=2827985)."
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The commission has developed an in-house [Sports Betting](https://complexityzoo.net/Cover_The_Bases:_Sports_Betting_News_And_Notes_From_The_Past_Week) Intelligence Unit to get and disseminate info to sporting authorities, betting firms and policing authorities.
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"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](https://xn--pm2b0fr21aooo.com/bbs/board.php?bo_table=free&wr_id=55592)," he states.
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"We will inform sports of our concerns, to assist prevent or curtail [prohibited] activity"
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In May 2010, the commission likewise 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 actually been simply one criminal prosecution, a 24-year-old man who was cautioned for unfaithful in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, which much useful information has actually likewise been passed to sports authorities.
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He said that where an examination by a sport governing body was quicker, and more cost 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 lot of those seeking to cheat the [sports betting](http://kakaokrewmall.com/bbs/board.php?bo_table=free&wr_id=227731) market were knowledgeable about sports 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 help in their business."
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