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Sport sports betting market looks to safeguard itself
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16 September 2010
By Bill Wilson
Business reporter, BBC News
sports betting on sport is big organization.
Sport England approximates the worth of spending on sport-related sports betting in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
Which figure is likely to have grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
Meanwhile, German research study firm Sport & Markt approximates the overall global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by internet and sports betting gaming.
But when the stability of occasions are struck the gaming market suffers, and revenues are put under danger if clients can not wager with self-confidence.
And there can have been couple of higher-profile sport wagering stories than those impacting cricket and snooker this year.
High-profile
As Sport & Markt's Gareth Moore observes: "Everyone speak about the sports betting market now.
"Not just is it a significant market in world business, it is one that is now on the front pages of papers."
Four Pakistan cricketers have been questioned by cops over spot-fixing accusations relating to a test versus England at Lord's last month.
Three of these gamers have actually stated they will likewise challenge the corruption charges installed against the trio by the sport governing body the International Cricket Council.
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Meanwhile, three-times snooker world champion John Higgins was cleared of match-fixing claims, but was banned last week for six months for failing to report the illegal method to him to throw frames.
There are likewise two other continuing examinations - not associated to Mr Higgins - into snooker.
'Honest'
David O'Reilly is legal counsel for Betfair, one of the UK's most significant online sporting exchanges.
"If the sport is perceived as sincere, straight and fair that is great for wagering companies since individuals will invest money wagering with confidence," he states.
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"If you take the Pakistan allegations, although unassociated to the UK regulated sports betting industry ... it is not truly a favorable story for wagering in the UK.
"That is due to the fact that the understanding is that 'cricket is now something we may have to be mindful about'."
'Education'
So what can be done to avoid future scandals?
According to experts at a World sports betting Law Report conference into sports betting, the focus needs to be on sportsmen and sportswomen.
As Simon Taylor of the Professional Players' Federation explains: "The only people who can repair a match are the competitors or the referee."
His organisation represents males and females in 15 sports betting in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
He believes that it is not enough to merely have deterrents, sanctions and disciplinary procedures, but that the way to take on potential issues around players is likewise through education.
Mr Taylor states guidelines need to be described clearly to gamers with clear examples, and by people they respect.
"Through informing players about sports betting you enhance integrity and that is in everybody's interest," he includes.
"If gamers are harder to corrupt then sport will be harder to corrupt."
'Brand damage'
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Matt Johnson, head of regulative legal recommendations at the Football Association, agrees.
"Prevention is better than remedy, and we also make a point of informing gamers 'you are going to be captured'."
"It is essential that sport is straight, and is seen to be straight," he includes.
"If it loses that then individuals do not wish to wager, that is not in gambling firms' interests, and it is not in our interests."
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He stated that once a great reputation was lost, the damage to a sport was "enormous".
FA guidelines suggest gamers are not permitted to bank on a competitors in which they are included.
Mr Johnson states players have to be seen not to be cashing in on any inside knowledge, which he says might cause "brand name damage" to football and its competitions.
So, even a 2nd 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.
"We have to overcome to gamers the reputational threat to the game," he states. "Once self-confidence has actually been harmed it is tough to get it back - mud sticks."
'Overwhelmingly legal'
If this represents the "carrot" method, 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 regulate commercial gambling in Great Britain.
An ex-chief constable of West Midlands police, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
"The overwhelming majority of sports betting occurring through UK operators is legal and reasonable," he states.
"But for some there is the temptation to ... corruptly hinder the result of a sporting occasion.
"Such cheating has the prospective to undermine the of a sport, and it likewise harms the industrial interests of sports betting bodies and sports betting."
The commission has actually established an in-house Sports Betting Intelligence Unit to receive and disseminate information to sporting authorities, wagering companies and policing authorities.
"Since 2007 we have actually experienced a considerable insight into world of corrupt sports betting," he states.
"We will alert sports betting of our concerns, to assist avoid or cut [prohibited] activity"
In May 2010, the commission likewise introduced a confidential telephone hotline for those with information or suspicions.
'Vulnerabilities'
But in a two-and-a-half year period there has been just one criminal prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
However, Mr Tofiluk says there are still 8 continuous examinations, and that much beneficial details has actually likewise been passed to sports betting authorities.
He stated that where an investigation by a sport governing body was quicker, and more expense effective, then the commission would consider stopping a criminal examination "in favour of letting sports betting governing bodies take the lead".
Meanwhile, he says much of those looking to cheat the sports betting industry were knowledgeable about sports betting and sporting individuals, and about sports betting operations and the motion of cash.
"They seek out the vulnerabilities of these to assist in their business."
Related internet links
World sports betting Law Report
ICC
Professional Players Federation
Professional Footballers' Association
The FA
Betfair
Sport & Markt
BLP
Gambling Commission
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This will delete the page "Sport Betting Industry Wants To Protect Itself"
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