From fd4ed5f7ccb37f1063526fe24b69caa1eff92b5c Mon Sep 17 00:00:00 2001 From: bennyfischer4 Date: Thu, 30 Jan 2025 03:17:17 +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..e4dd46c --- /dev/null +++ b/Sport-Betting-Industry-Wants-To-Protect-Itself.md @@ -0,0 +1,54 @@ +[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
Betting on sport is huge business.
+
Sport England approximates the value of costs on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) +
And that figure is likely to have grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer season.
+
Meanwhile, German research study firm Sport & Markt estimates the total international gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports gambling.
+
But when the stability of events are hit the betting industry suffers, and profits are put under danger if customers can not bet with self-confidence.
+
And there can have been couple of higher-profile sport betting stories than those impacting cricket and snooker this year.
+
High-profile
+
As Sport & Markt's Gareth Moore observes: "Everyone talks about the sports gambling market now.
+
"Not only is it a substantial market in world business, it is one that is now on the front pages of newspapers."
+
Four Pakistan cricketers have been questioned by cops over spot-fixing claims associating with a test versus England at Lord's last month.
+
Three of these gamers have actually said they will also challenge the corruption charges installed against 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, however was banned recently for 6 months for stopping working to report the prohibited approach to him to toss frames.
+
There are likewise two other continuing examinations - not related 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 reasonable that benefits wagering companies since individuals will spend cash betting with confidence," he states.
+
"If you take the Pakistan accusations, although unassociated to the UK controlled betting market ... it is not really a favorable story for wagering in the UK.
+
"That is since the understanding is that 'cricket is now something we may have to beware about'."
+
'Education'
+
So what can be done to prevent future scandals?
+
According to professionals at a World Sports Law Report conference into [sports betting](https://hyped4gamers.com/read-blog/2779_sport-betting-industry-wants-to-protect-itself.html) gambling, the focus needs to be on sportsmen and sportswomen.
+
As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can repair a match are the competitors or the referee."
+
His organisation represents males and females in 15 sports in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
+
He thinks that it is inadequate to simply have deterrents, sanctions and disciplinary treatments, but that the method to deal with potential problems around gamers is also through education.
+
Mr Taylor says rules require to be explained plainly to gamers with clear examples, and by people they appreciate.
+
"Through informing gamers about sports wagering you strengthen integrity which remains in everyone's interest," he adds.
+
"If gamers are more difficult to corrupt then sport will be harder to corrupt."
+
'Brand damage'
+
Matt Johnson, head of regulatory legal guidance at the Football Association, concurs.
+
"Prevention is much better than cure, and we also make a point of informing gamers 'you are going to be captured'."
+
"It is vital that sport is straight, and is seen to be straight," he includes.
+
"If it loses that then people don't desire to bet, that is not in betting companies' interests, and it is not in our interests."
+
He stated that once a great reputation was lost, the damage to a sport was "incalculable".
+
FA rules mean players are not allowed to bank on a competition in which they are involved.
+
Mr Johnson says players need to be seen not to be capitalizing any inside knowledge, 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 autumn can not bank on a Manchester United v Chelsea cup last the following spring.
+
"We have to get over to gamers the reputational threat to the game," he says. "Once self-confidence has actually been harmed it is difficult to get it back - mud sticks."
+
'Overwhelmingly legal'
+
If this represents the "carrot" technique, then possibly Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
+
The Gambling Commission was established under the Gambling Act 2005 to manage commercial gambling in Great Britain.
+
An ex-chief constable of West Midlands police, Mr Tofiluk has duty for policing all betting in the UK apart from spread betting, which is the remit of the FSA.
+
"The frustrating bulk of [sports betting](http://touringtreffen.nl/read-blog/4132_new-ma-sports-betting-bill-features-significant-tax-increase-and-prohibition-on.html) occurring through UK operators is legal and reasonable," he states.
+
"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting occasion.
+
"Such cheating has the potential to weaken the stability of a sport, and it also hurts the industrial interests of sports bodies and [sports betting](https://philadelphiaflyersclub.com/read-blog/10701_recent-massachusetts-sports-betting-proposal-contains-significant-tax-hike-amp-p.html)."
+
The commission has established an internal [Sports Betting](https://learn.ivlc.com/read-blog/1317_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) Intelligence Unit to receive and distribute details to sporting authorities, wagering companies and policing authorities.
+
"Since 2007 we have actually experienced a considerable insight into world of corrupt [sports betting](https://114jobs.com/bbs/board.php?bo_table=free&wr_id=131216)," he says.
+
"We will alert sports of our concerns, to assist prevent or curtail [prohibited] activity"
+
In May 2010, the commission also presented a confidential telephone hotline for those with info or suspicions.
+
'Vulnerabilities'
+
But in a two-and-a-half year period there has been just one criminal prosecution, a 24-year-old guy who was warned for unfaithful in relation to greyhound racing.
+
However, Mr Tofiluk says there are still 8 continuous examinations, and that much useful information has also been passed to sports authorities.
+
He said that where an examination by a sport governing body was quicker, and more expense reliable, then the commission would consider terminating a criminal investigation "in favour of letting sports governing bodies take the lead".
+
Meanwhile, he says much of those seeking to cheat the [sports betting](http://efactgroup.com/bbs/board.php?bo_table=free&wr_id=769171) market were educated about sports and sporting individuals, and about betting operations and the motion of money.
+
"They look for out the vulnerabilities of these to assist in their enterprises."
[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) \ No newline at end of file