Sport Betting Industry Seeks To Protect Itself

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  • Founded Date mars 22, 1985
  • Sectors Accounting
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Sport Betting Industry Seeks To Protect Itself

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Betting on sport is big business.

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Sport England estimates the value of costs 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 likely to have actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summertime.

Meanwhile, German research study firm Sport & Markt approximates the total global gaming market will be worth 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports gaming.

But when the stability of events are hit the betting industry suffers, and incomes are put under hazard if clients can not bet with 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 considerable market in world company, it is one that is now on the front pages of newspapers.”

Four Pakistan cricketers have been questioned by cops over spot-fixing accusations relating to a test against England at Lord’s last month.

Three of these gamers have actually stated they will also challenge the corruption charges mounted 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 last week for 6 months for stopping working to report the prohibited method to him to toss frames.

There are also 2 other continuing examinations – not related to Mr Higgins – into snooker.

’Honest’

David O’Reilly is legal counsel for Betfair, among the UK’s most significant online sporting exchanges.

”If the sport is viewed as truthful, straight and reasonable that benefits betting companies since individuals will invest money betting with self-confidence,” he says.

”If you take the Pakistan accusations, although unassociated to the UK regulated betting market … it is not actually a positive story for betting in the UK.

”That is since the perception is that ’cricket is now something we might need to be cautious about’.”

’Education’

So what can be done to prevent future scandals?

According to experts at a World Sports 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 rivals 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 thinks that it is inadequate to simply have deterrents, sanctions and disciplinary treatments, but that the method to tackle potential concerns around players is likewise through education.

Mr Taylor states rules require to be discussed plainly to players with clear examples, and by individuals they respect.

”Through informing gamers about sports betting you enhance stability which is in everybody’s interest,” he includes.

”If gamers are harder to corrupt then sport will be harder to corrupt.”

’Brand damage’

Matt Johnson, head of regulatory legal advice at the Football Association, concurs.

”Prevention is better than remedy, and we likewise make a point of informing gamers ’you are going to be captured’.”

”It is important that sport is directly, and is seen to be directly,” he adds.

”If it loses that then people do not wish to bet, that is not in gaming companies’ interests, and it is not in our interests.”

He said that once a great credibility was lost, the damage to a sport was ”incalculable”.

FA guidelines imply players are not permitted to bet on a competition in which they are included.

Mr Johnson says players need to be seen not to be capitalizing any inside knowledge, which he says might cause ”brand damage” to football and its competitors.

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 overcome to gamers the reputational threat to the video game,” he says. ”Once self-confidence has been harmed it is difficult to get it back – mud sticks.”

’Overwhelmingly legal’

If this represents the ”carrot” approach, then maybe Nick Tofiluk, director of policy at the Gambling Commission, represents the ”stick”.

The Gambling Commission was established under the Gambling Act 2005 to manage business gambling in Great Britain.

An ex-chief constable of West Midlands authorities, Mr Tofiluk has obligation for policing all wagering in the UK apart from spread betting, which is the remit of the FSA.

”The frustrating bulk of sports betting taking place through UK operators is legal and fair,” he states.

”But for some there is the temptation to … corruptly interfere with the result of a sporting event.

”Such unfaithful has the prospective to weaken the integrity of a sport, and it likewise damages the commercial interests of sports betting bodies and sports betting wagering.”

The commission has actually established an in-house Sports Betting Intelligence Unit to get and share information to sporting authorities, wagering companies and policing authorities.

”Since 2007 we have experienced a significant insight into world of corrupt sports wagering,” he says.

”We will signal sports betting of our issues, to assist avoid or curtail [illegal] activity”

In May 2010, the commission also introduced a confidential telephone hotline for those with info or suspicions.

’Vulnerabilities’

But in a two-and-a-half year period there has actually been just one criminal prosecution, a 24-year-old guy who was warned for cheating in relation to greyhound racing.

However, Mr Tofiluk states there are still eight ongoing examinations, which much helpful details has likewise been passed to sports betting authorities.

He stated that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would consider ceasing a criminal investigation ”in favour of letting sports governing bodies take the lead”.

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Meanwhile, he states a lot of those looking to cheat the sports betting wagering market were knowledgeable about sports and sporting individuals, and about wagering operations and the movement of cash.

”They look for out the vulnerabilities of these to assist in their business.”