From 289a4eb7972aa4c566d16ed9775bf564044c9be4 Mon Sep 17 00:00:00 2001 From: margieloche929 Date: Thu, 2 Jan 2025 05:47:21 +0000 Subject: [PATCH] Add Sport Betting Industry Looks To Protect Itself --- ...etting-Industry-Looks-To-Protect-Itself.md | 68 +++++++++++++++++++ 1 file changed, 68 insertions(+) create mode 100644 Sport-Betting-Industry-Looks-To-Protect-Itself.md diff --git a/Sport-Betting-Industry-Looks-To-Protect-Itself.md b/Sport-Betting-Industry-Looks-To-Protect-Itself.md new file mode 100644 index 0000000..7b08aa9 --- /dev/null +++ b/Sport-Betting-Industry-Looks-To-Protect-Itself.md @@ -0,0 +1,68 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Sport [sports betting](https://friends.win/read-blog/20672_the-ins-and-outs-of-betting-on-the-nfl-draft.html) industry looks to safeguard itself
+
16 September 2010
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) +
By Bill Wilson
+
Business reporter, BBC News
+
on sport is huge organization.
+
Sport England approximates the value of spending on sport-related betting in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
+
And that figure is most likely to have grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.
+
Meanwhile, German research study firm Sport & Markt approximates the overall global gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://santosfcfansclub.com/read-blog/7620_how-to-attract-users-to-my-fantasy-sports-platform.html) gaming.
+
But when the stability of events are struck the gaming industry suffers, and incomes are put under risk if clients can not bet with confidence.
+
And there can have been few higher-profile sport betting stories than those impacting cricket and snooker this year.
+
High-profile
+
As Sport & Markt's Gareth Moore observes: "Everyone discuss the [sports betting](http://1600-6765.com/board_fyUJ95/188213) gambling market now.
+
"Not only is it a significant market in world organization, it is one that is now on the front pages of papers."
+
Four Pakistan cricketers have been questioned by authorities over spot-fixing claims connecting to a test against England at Lord's last month.
+
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.
+
Meanwhile, three-times snooker world champion John Higgins was cleared of match-fixing accusations, but was prohibited recently for six months for stopping working to report the prohibited approach to him to toss frames.
+
There are likewise two other continuing examinations - unrelated to Mr Higgins - into snooker.
+
'Honest'
+
David O'Reilly is legal counsel for Betfair, among the UK's biggest online sporting exchanges.
+
"If the sport is viewed as truthful, straight and fair that benefits betting companies since people will invest money [sports betting](https://www.womplaz.com/read-blog/90_things-you-need-to-know-about-rafting-adventures.html) with self-confidence," he states.
+
"If you take the Pakistan accusations, although unrelated to the UK regulated [sports betting](https://seenoor.com/read-blog/426_how-fantasy-betting-app-development-companies-and-sports-developers.html) industry ... it is not truly a favorable story for [sports betting](https://connectingsparks.com/read-blog/25156_how-to-withdraw-from-bet9ja-8-step-guide-to-money-in-your-wins.html) in the UK.
+
"That is due to the fact that the perception is that 'cricket is now something we may need to beware about'."
+
'Education'
+
So what can be done to avoid future scandals?
+
According to experts at a World [sports betting](https://social.myschoolfriend.ng/read-blog/40810_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) Law Report conference into [sports betting](https://santosfcfansclub.com/read-blog/7617_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html), the focus has to be on sportsmen and sportswomen.
+
As Simon Taylor of the Professional Players' Federation mentions: "The only people who can repair a match are the competitors or the referee."
+
His organisation represents guys and ladies in 15 [sports betting](http://woorichat.com/read-blog/10320_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
+
He believes that it is insufficient to merely have deterrents, sanctions and disciplinary procedures, however that the method to deal with potential concerns around players is also through education.
+
Mr Taylor states rules require to be described clearly to gamers with clear examples, and by people they appreciate.
+
"Through informing players about [sports betting](https://napolifansclub.com/read-blog/22875_things-you-need-to-understand-about-rafting-adventures.html) you reinforce stability and that remains in everyone's interest," he adds.
+
"If gamers are harder to corrupt then sport will be more difficult to corrupt."
+
'Brand damage'
+
Matt Johnson, head of regulatory legal advice at the Football Association, agrees.
+
"Prevention is better than remedy, and we likewise make a point of informing players 'you are going to be caught'."
+
"It is essential that sport is directly, and is seen to be straight," he includes.
+
"If it loses that then people do not wish to wager, that is not in [sports betting](https://social.ishare.la/read-blog/1446_for-sports-gambling-to-be-legalised.html) firms' interests, and it is not in our interests."
+
He stated that when a great track record was lost, the damage to a sport was "incalculable".
+
FA guidelines indicate players are not enabled to bet on a competitors in which they are involved.
+
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.
+
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 last the following spring.
+
"We need to overcome to players the reputational risk to the game," he states. "Once confidence has actually been damaged it is hard to get it back - mud sticks."
+
'Overwhelmingly legal'
+
If this represents the "carrot" technique, then maybe Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
+
The Gambling Commission was set up under the Gambling Act 2005 to manage business betting in Great Britain.
+
An ex-chief constable of West Midlands authorities, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
+
"The overwhelming bulk of [sports betting](https://bexopro.com/read-blog/2880_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) wagering happening through UK operators is legal and fair," he states.
+
"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
+
"Such unfaithful has the potential to undermine the integrity of a sport, and it also damages the business interests of [sports betting](https://farmwoo.com/read-blog/9534_online-betting-firms-gamble-on-soccer-mad-nigeria.html) bodies and [sports betting](https://parissaintgermainfansclub.com/read-blog/7289_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) wagering."
+
The commission has actually developed an in-house [Sports Betting](https://aijoining.com/read-blog/248_online-betting-firms-gamble-on-soccer-mad-nigeria.html) Intelligence Unit to receive and distribute details to sporting authorities, wagering firms and policing authorities.
+
"Since 2007 we have experienced a significant insight into world of corrupt [sports betting](http://it-viking.ch/index.php/User:TerrenceSouthard)," he states.
+
"We will inform [sports betting](https://theconnectly.com/read-blog/4146_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) of our concerns, to help avoid or curtail [prohibited] activity"
+
In May 2010, the commission likewise introduced a personal telephone hotline for those with information or suspicions.
+
'Vulnerabilities'
+
But in a two-and-a-half year period there has been simply one prosecution, a 24-year-old guy who was cautioned for cheating in relation to greyhound racing.
+
However, Mr Tofiluk says there are still 8 continuous examinations, which much helpful details has also been passed to [sports betting](https://profesional.id/read-blog/135_missouri-sports-betting-ballot-measure-approved-by-voters.html) authorities.
+
He stated that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would think about discontinuing a criminal examination "in favour of letting [sports betting](https://napolifansclub.com/read-blog/22875_things-you-need-to-understand-about-rafting-adventures.html) governing bodies take the lead".
+
Meanwhile, he states much of those looking to cheat the [sports betting](https://www.kuyasia.com/read-blog/56_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) market were experienced about [sports betting](https://globalabout.com/read-blog/17008_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) and sporting individuals, and about wagering operations and the movement of cash.
+
"They look for the vulnerabilities of these to help in their enterprises."
+
Related web links
+
World [sports betting](https://www.hb9lc.org/wiki/index.php/User:EarlJvp415231) Law Report
+
ICC
+
Professional Players Federation
+
Professional Footballers' Association
+
The FA
+
Betfair
+
Sport & Markt
+
BLP
+
Gambling Commission
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) \ No newline at end of file