From 9598e7bb6eb6c43091e0ed3ed560c10b64791565 Mon Sep 17 00:00:00 2001 From: alphonsofriers Date: Wed, 29 Jan 2025 23:57:31 +0100 Subject: [PATCH] Add 'Sport Betting Industry Aims To Protect Itself' --- ...Betting-Industry-Aims-To-Protect-Itself.md | 54 +++++++++++++++++++ 1 file changed, 54 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..3016d46 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,54 @@ +
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 actually grown further, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.
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Meanwhile, German research firm Sport & Markt estimates the overall international gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and [sports betting](https://bayplore.com/read-blog/6360_recent-massachusetts-sports-betting-proposal-features-substantial-tax-hike-and-p.html).
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But when the integrity of events are struck the gambling market suffers, and revenues are put under threat if clients can not wager with self-confidence.
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And there can have been few higher-profile sport betting 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 talks about the [sports betting](https://bytes-the-dust.com/index.php/Sport_Betting_Industry_Looks_To_Protect_Itself) gambling market now.
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"Not just is it a considerable market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by authorities over spot-fixing accusations relating to a test against England at Lord's last month.
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Three of these gamers have said they will likewise challenge the corruption charges installed 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 claims, however was banned last week for six months for stopping working to report the prohibited technique to him to throw frames.
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There are also two other continuing examinations - not associated 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 biggest online sporting exchanges.
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"If the sport is perceived as sincere, straight and reasonable that benefits betting firms due to the fact that people will invest money wagering with confidence," he says.
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"If you take the Pakistan claims, although unassociated to the UK managed wagering market ... it is not really a positive story for wagering in the UK.
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"That is because the understanding is that 'cricket is now something we may have to be cautious 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://hcsxy2024.com/read-blog/4720_sport-betting-industry-seeks-to-protect-itself.html) Law Report conference into [sports betting](http://cheongbong.com/bbs/board.php?bo_table=free&wr_id=216416) gambling, the focus has to be on sportsmen and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the rivals or the referee."
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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.
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He believes that it is not adequate to merely have deterrents, sanctions and disciplinary treatments, but that the method to deal with potential concerns around gamers is also through education.
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Mr Taylor says rules require to be described clearly to gamers with clear examples, and by individuals they appreciate.
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"Through informing players about [sports betting](https://vodagram.com/index.php?link1=read-blog&id=443_recent-ma-sports-betting-bill-contains-significant-tax-boost-and-restriction-on.html) wagering you reinforce stability and that is in everybody's interest," he adds.
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"If players are more difficult 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 recommendations at the Football Association, concurs.
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"Prevention is much better than cure, and we also make a point of telling players 'you are going to be caught'."
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"It is crucial that sport is directly, and is seen to be directly," he adds.
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"If it loses that then individuals do not wish to wager, that is not in gaming companies' interests, and it is not in our interests."
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He said that as soon as a great reputation was lost, the damage to a sport was "incalculable".
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FA guidelines mean players are not allowed to wager on a competitors in which they are involved.
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Mr Johnson states gamers need to be seen not to be capitalizing any inside understanding, which he says could trigger "brand name damage" to football and its competitions.
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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 last the following spring.
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"We have to get over to players the reputational danger to the game," he says. "Once self-confidence has been damaged it is tough to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then maybe 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 regulate commercial gaming in Great Britain.
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An ex-chief constable of West Midlands cops, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.
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"The frustrating majority of sports wagering taking location through UK operators is legal and fair," he says.
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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 prospective to weaken the stability of a sport, and it likewise damages the commercial interests of sports bodies and [sports betting](https://social.oneworldonesai.com/read-blog/4131_cover-the-bases-sports-betting-news-and-notes-from-the-past-week.html) wagering."
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The commission has actually developed an in-house [Sports Betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=Recent_Massachusetts_Sports_Betting_Proposal_Includes_Massive_Tax_Increase_Prohibition_On_Real-Time_Betting) Intelligence Unit to receive and disseminate information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have experienced a substantial insight into world of corrupt [sports betting](https://wo.kontackt.net/read-blog/8625_new-massachusetts-sports-betting-legislation-includes-significant-tax-increase-a.html)," he states.
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"We will alert [sports betting](https://disgaeawiki.info/index.php/User:WaylonSeptimus9) of our issues, to assist avoid or curtail [unlawful] activity"
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In May 2010, the commission likewise presented a private telephone hotline for those with information 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 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 8 ongoing examinations, which much useful information has likewise been passed to sports authorities.
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He said that where an investigation 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://catvcommunity.com.tr/read-blog/6188_recent-ma-sports-betting-proposal-includes-substantial-tax-increase-amp-ban-on-l.html) governing bodies take the lead".
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Meanwhile, he says a number of those aiming to cheat the sports wagering industry were educated about [sports betting](https://webshow.kr/free/5473) and sporting individuals, and about wagering operations and the movement of money.
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"They look for the vulnerabilities of these to assist in their enterprises."
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