From f8e53f2a9795182360459d05b33748bc981489df Mon Sep 17 00:00:00 2001 From: lorenaroughley Date: Tue, 31 Dec 2024 10:59:14 +1100 Subject: [PATCH] Add 'Sport Betting Industry Seeks To Protect Itself' --- ...etting-Industry-Seeks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 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..bcbcaba --- /dev/null +++ b/Sport-Betting-Industry-Seeks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market aims to safeguard 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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Betting on sport is big business.
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Sport England estimates the worth of spending on sport-related betting in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is most likely to have 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 study firm Sport & Markt approximates the total international gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](https://disgaeawiki.info/index.php/User:DemetriusStrauss) gaming.
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But when the integrity of occasions are struck the gaming industry suffers, and revenues are put under risk if consumers can not wager with self-confidence.
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And there can have been few higher-profile sport [sports betting](https://forum.subchems.com/read-blog/3818_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) 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://cheere.org/read-blog/36304_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) 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 papers."
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Four Pakistan cricketers have actually been questioned by cops over spot-fixing accusations associating with a test versus England at Lord's last month.
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Three of these players 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, but was prohibited recently for six months for failing to report the prohibited technique to him to toss frames.
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There are also two 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, among the UK's greatest online sporting exchanges.
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"If the sport is viewed as honest, straight and reasonable that benefits [sports betting](https://social.engagepure.com/read-blog/834_the-ins-and-outs-of-betting-on-the-nfl-draft.html) firms because individuals will invest money betting with self-confidence," he says.
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"If you take the Pakistan claims, although unrelated to the UK managed betting industry ... it is not truly a positive story for betting in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we might have to beware 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://coptr.digipres.org/index.php/User:VioletSpencer44) Law Report conference into [sports betting](https://jamboz.com/read-blog/155_how-are-betting-odds-calculated.html) gambling, the focus needs to be on sportspersons 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://www.proathletediscuss.com/read-blog/420_the-ins-and-outs-of-betting-on-the-nfl-draft.html) in the UK, being an for all gamer organisations, such as the Professional Footballers' Association.
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He believes that it is inadequate to merely have deterrents, sanctions and disciplinary procedures, but that the way to deal with possible problems 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 respect.
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"Through informing players about [sports betting](https://sportify.brandnitions.com/read-blog/32_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) you reinforce stability which remains in everyone's interest," he adds.
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"If gamers are harder 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 advice at the Football Association, agrees.
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"Prevention is better than treatment, and we also make a point of informing players 'you are going to be captured'."
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"It is crucial that sport is directly, and is seen to be straight," he includes.
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"If it loses that then people do not want to wager, that is not in [sports betting](https://jamboz.com/read-blog/155_how-are-betting-odds-calculated.html) firms' interests, and it is not in our interests."
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He said that as soon as a good credibility 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 included.
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Mr Johnson says gamers have actually to be seen not to be capitalizing any inside understanding, which he states could trigger "brand damage" to football and its competitors.
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So, even a Second Division player 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 says. "Once self-confidence has 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 policy at the Gambling Commission, represents the "stick".
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The Gambling Commission was established under the Gambling Act 2005 to control business gaming in Great Britain.
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An ex-chief constable of West Midlands authorities, Mr Tofiluk has duty for policing all betting in the UK apart from spread [sports betting](http://archmageriseswiki.com/index.php/User:ElbertBobadilla), which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://marketchat.in/read-blog/2596_online-betting-firms-gamble-on-soccer-mad-nigeria.html) wagering taking place through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly hinder the result of a sporting event.
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"Such cheating has the prospective to undermine the stability of a sport, and it also harms the business interests of [sports betting](http://archmageriseswiki.com/index.php/User:DUSJulie51585042) bodies and [sports betting](https://we2chat.net/read-blog/26467_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) wagering."
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The commission has actually developed an in-house [Sports Betting](https://social.myschoolfriend.ng/read-blog/40753_how-fantasy-betting-app-development-companies-and-sports-developers.html) Intelligence Unit to get and disseminate details to sporting authorities, wagering companies and policing authorities.
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"Since 2007 we have experienced a considerable insight into world of corrupt [sports betting](https://hcsxy2024.com/read-blog/2048_sport-betting-industry-seeks-to-protect-itself.html) wagering," he says.
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"We will notify [sports betting](http://it-viking.ch/index.php/User:SaraP4853583338) of our concerns, to assist prevent or curtail [unlawful] 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 actually been just one prosecution, a 24-year-old guy 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 useful information has actually likewise been passed to [sports betting](http://famedoot.in/read-blog/104_how-much-are-americans-spending-on-sports-betting.html) authorities.
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He said that where an examination by a sport governing body was quicker, and more cost efficient, then the commission would think about terminating a criminal examination "in favour of letting [sports betting](https://zekond.com/read-blog/112505_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) governing bodies take the lead".
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Meanwhile, he states a number of those aiming to cheat the [sports betting](https://pittsburghpenguinsclub.com/read-blog/11536_sport-betting-industry-looks-to-protect-itself.html) industry were experienced about [sports betting](https://grade1d.smaportal.ae/read-blog/2439_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) and sporting people, and about wagering operations and the movement of cash.
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"They look for the vulnerabilities of these to help in their business."
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Related web links
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World [sports betting](https://planetdump.com/read-blog/79_things-you-need-to-know-about-rafting-adventures.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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