From 3288915ea6df2119c97b7e074b6d3dd5b1ef9dd1 Mon Sep 17 00:00:00 2001 From: phyllis800883 Date: Thu, 30 Jan 2025 06:29:27 +0800 Subject: [PATCH] Add Sport Betting Industry Seeks To Protect Itself --- ...etting-Industry-Seeks-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 insertions(+) create mode 100644 Sport-Betting-Industry-Seeks-To-Protect-Itself.md 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..7ea7fd9 --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
Betting on sport is huge organization.
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Sport England estimates the worth 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 likely to have grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
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Meanwhile, German research study firm Sport & Markt approximates the general global gambling market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://intouch.pk/read-blog/391_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) gambling.
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But when the stability of events are hit the gaming market suffers, and revenues are put under risk if customers can not wager with confidence.
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And there can have been few higher-profile sport wagering 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 gambling market now.
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"Not just is it a significant market in world company, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing allegations connecting to a test versus England at Lord's last month.
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Three of these players have said 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 allegations, however was banned recently for 6 months for stopping working to report the unlawful technique to him to throw frames.
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There are likewise two 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 biggest online sporting exchanges.
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"If the sport is viewed as truthful, straight and reasonable that benefits wagering companies due to the fact that people will invest money betting with self-confidence," he says.
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"If you take the Pakistan allegations, although unassociated to the UK managed betting industry ... it is not really a positive story for betting in the UK.
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"That is since the perception is that 'cricket is now something we might have to be careful 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://social.vetmil.com.br/read-blog/17554_sport-betting-industry-aims-to-protect-itself.html) Law Report conference into [sports betting](http://link.ansanbaedal.shop/bbs/board.php?bo_table=free&wr_id=286272), 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 females in 15 [sports betting](https://social.mirrororg.com/read-blog/9946_new-ma-sports-betting-proposal-contains-substantial-tax-increase-amp-ban-on-real.html) 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 sufficient to simply have deterrents, sanctions and disciplinary treatments, however that the way to take on possible concerns around players is also through education.
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Mr Taylor says rules require to be described clearly to players with clear examples, and by people they respect.
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"Through informing gamers about [sports betting](https://www.miptrucking.net/read-blog/2494_new-massachusetts-sports-betting-proposal-includes-substantial-tax-boost-amp-pro.html) you strengthen integrity and that is in everyone's interest," he includes.
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"If players 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 regulative legal recommendations at the Football Association, agrees.
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"Prevention is much better than remedy, and we likewise make a point of telling gamers 'you are going to be captured'."
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"It is essential that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals don't 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 an excellent reputation was lost, the damage to a sport was "incalculable".
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FA guidelines suggest gamers are not allowed to bet on a competition in which they are involved.
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Mr Johnson says players need to be seen not to be cashing in on any inside understanding, which he states could trigger "brand 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 final the following spring.
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"We have to get over to gamers the reputational threat 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 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 control business betting in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://trackrecord.id/read-blog/2982_sport-betting-industry-seeks-to-protect-itself.html) occurring through UK operators is legal and reasonable," he states.
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"But for some there is the temptation to ... corruptly hinder the outcome of a sporting occasion.
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"Such unfaithful has the possible to weaken the stability of a sport, and it also hurts the commercial interests of [sports betting](https://whatcar.vn/read-blog/6893_new-ma-sports-betting-proposal-features-significant-tax-hike-and-ban-on-in-play.html) bodies and [sports betting](https://skinbeauty.tk.ac.kr/bbs/board.php?bo_table=free&wr_id=136307)."
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The commission has actually developed an internal [Sports Betting](http://jesusvillcam.org/bbs/board.php?bo_table=free&wr_id=66873) Intelligence Unit to get and share 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](https://3rrend.com/read-blog/12283_recent-massachusetts-sports-betting-proposal-features-substantial-tax-hike-and-p.html)," he says.
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"We will inform sports of our issues, to assist avoid or curtail [prohibited] activity"
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In May 2010, the commission also introduced a confidential 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 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 eight ongoing examinations, and that much beneficial info has actually likewise been passed to [sports betting](https://www.amedaychats.com/read-blog/1324_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) authorities.
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He stated that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would consider ceasing a criminal investigation "in favour of letting [sports betting](https://melaninbook.com/read-blog/66225_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) governing bodies take the lead".
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Meanwhile, he states much of those aiming to cheat the [sports betting](https://origintraffic.com/read-blog/3982_sport-betting-industry-seeks-to-protect-itself.html) industry were knowledgeable about [sports betting](https://www.sportpassionhub.com/read-blog/2759_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) and sporting individuals, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their enterprises."
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