From 7c9a82f6b0230356f0956260800cf28bc7b868f2 Mon Sep 17 00:00:00 2001 From: bridgetgatling Date: Mon, 30 Dec 2024 20:36:39 +0000 Subject: [PATCH] Add 'Sport Betting Industry Aims To Protect Itself' --- ...Betting-Industry-Aims-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 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..534b388 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport [sports betting](https://munidigital.iie.cl/wiki/index.php?title=Usuario:AngelesGoodfello) market wants to protect 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://aceme.ink/read-blog/1663_missouri-sports-betting-ballot-measure-approved-by-voters.html) on sport is huge service.
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[Sport England](https://reckoningz.com/uk-betting-firms-gamble-on-us-after-sports-wager-ruling/) estimates the value 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 actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
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Meanwhile, German research firm Sport & Markt approximates the general worldwide gaming market will be worth 263 (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://meta.mactan.com.br/read-blog/24373_missouri-sports-betting-ballot-measure-approved-by-voters.html).
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But when the [integrity](https://wow.twinear.com/read-blog/1009_things-you-need-to-understand-about-rafting-adventures.html) of occasions are struck the gaming industry suffers, and revenues are put under risk if clients can not bet with confidence.
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And there can have been couple of 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://micircle.in/read-blog/455_the-ins-and-outs-of-betting-on-the-nfl-draft.html) market now.
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"Not just is it a significant market in world business, it is one that is now on the front pages of papers."
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Four Pakistan cricketers have been questioned by police over spot-fixing claims 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 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 accusations, however was banned recently for six months for failing to report the prohibited technique to him to throw frames.
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There are also 2 other continuing examinations - unrelated 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 sincere, straight and fair that is great for wagering firms because people will spend cash wagering with self-confidence," he says.
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"If you take the Pakistan accusations, although unassociated to the UK controlled wagering market ... it is not truly a positive story for wagering in the UK.
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"That is because 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 avoid future scandals?
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According to experts at a World [sports betting](https://friendza.enroles.com/read-blog/31585_things-you-need-to-understand-about-rafting-adventures.html) Law Report conference into [sports betting](https://flowsocial.xyz/read-blog/572_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) 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 fix a match are the competitors or the referee."
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His organisation represents males and females in 15 [sports betting](https://web-chat.cloud/question2answer/index.php?qa=41254&qa_1=how-are-betting-odds-calculated) in the UK, being an [umbrella organisation](http://wiki.faramirfiction.com/index.php?title=User:BriannaRanking) for all player organisations, such as the Professional Footballers' Association.
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He thinks that it is not adequate to merely have deterrents, sanctions and disciplinary procedures, but that the way to take on possible issues around players is likewise through education.
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Mr Taylor states guidelines need to be described [plainly](https://peoplesmedia.co/read-blog/12850_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) to gamers with clear examples, and by people they appreciate.
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"Through informing players about [sports betting](https://oolibuzz.com/read-blog/41673_how-are-betting-odds-calculated.html) you reinforce integrity which remains in everyone's interest," he adds.
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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 regulatory legal suggestions at the Football Association, agrees.
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"Prevention is much better than treatment, and we likewise make a point of informing gamers 'you are going to be caught'."
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"It is imperative that sport is straight, and is seen to be straight," he includes.
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"If it loses that then individuals don't wish to bet, that is not in gaming companies' 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 "incalculable".
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FA guidelines imply gamers are not permitted to bank on a competitors in which they are involved.
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Mr Johnson says players need to be seen not to be capitalizing any inside knowledge, which he says could cause "brand name damage" to football and its competitors.
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So, even a 2nd Division gamer knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup final the following spring.
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"We have to get over to players the reputational danger to the video game," he states. "Once confidence has actually 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" method, then perhaps 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 control industrial gambling in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread [sports betting](https://wiki.asexuality.org/w/index.php?title=User_talk:DaciaOms5978493), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://wow.twinear.com/read-blog/1001_how-are-betting-odds-calculated.html) occurring through UK operators is legal and reasonable," he states.
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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 possible to weaken the stability of a sport, and it also damages the commercial interests of [sports betting](https://origintraffic.com/read-blog/1687_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) bodies and [sports betting](https://marketchat.in/read-blog/2622_things-you-need-to-know-about-rafting-adventures.html)."
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The commission has established an in-house [Sports Betting](https://planetdump.com/read-blog/79_things-you-need-to-know-about-rafting-adventures.html) Intelligence Unit to receive and distribute 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://social.ppmandi.com/read-blog/244_how-to-play-bet9ja-online.html) wagering," he says.
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"We will notify [sports betting](http://ringturbine.com:80/index.php/User:RaquelJudge) of our concerns, to assist avoid or reduce [prohibited] activity"
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In May 2010, the commission also presented 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 been just one criminal prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, and that much helpful details has likewise been passed to [sports betting](https://reckoningz.com/sport-betting-industry-looks-to-protect-itself/) authorities.
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He said that where an examination by a sport governing body was quicker, and more expense efficient, then the commission would consider discontinuing a criminal examination "in favour of letting [sports betting](https://chat.app8station.com/read-blog/3240_missouri-sports-betting-ballot-measure-approved-by-voters.html) governing bodies take the lead".
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Meanwhile, he states many of those seeking to cheat the [sports betting](https://olympiquelyonnaisfansclub.com/read-blog/15366_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) wagering market were knowledgeable about [sports betting](https://bdstarter.com/how-are-betting-odds-calculated/) and sporting individuals, and about wagering operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://bigtoc.com/read-blog/8957_sports-minister-tracey-crouch-resigns-over-039-delay-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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