bet9ja.com
Betting on sport is big company.
Sport England estimates the worth of spending on sport-related gambling in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
bet9ja.com
And that figure is likely to have actually grown even more, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summer.
Meanwhile, German research company Sport & Markt approximates the overall 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 occasions are struck the gambling market suffers, and profits are put under hazard 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 gambling 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 actually been questioned by cops over spot-fixing allegations associating with a test against England at Lord's last month.
Three of these players 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 champ John Higgins was cleared of match-fixing accusations, however was banned recently for six months for failing to report the illegal technique to him to throw frames.
There are also 2 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 perceived as truthful, straight and fair that is good for betting companies due to the fact that people will invest money wagering with confidence," he says.
"If you take the Pakistan allegations, although unassociated to the UK regulated wagering industry ... it is not truly a positive story for wagering in the UK.
"That is because the understanding is that 'cricket is now something we may need to take care about'."
'Education'
So what can be done to prevent future scandals?
According to professionals at a World Sports Law Report conference into sports betting, the focus has to be on sportsmen and sportswomen.
As Simon Taylor of the Professional Players' Federation points out: "The only individuals who can fix 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 believes that it is inadequate to simply have deterrents, sanctions and disciplinary procedures, however that the way to deal with possible issues around players is also through education.
Mr Taylor says guidelines require to be described clearly to players with clear examples, and by people they appreciate.
"Through educating gamers about sports betting you reinforce integrity 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 regulative legal suggestions at the Football Association, concurs.
"Prevention is better than cure, and we also make a point of informing players 'you are going to be caught'."
"It is crucial that sport is straight, and is seen to be straight," he adds.
"If it loses that then individuals do not wish to bet, that is not in gaming firms' interests, and it is not in our interests."
He said that as soon as an excellent track record was lost, the damage to a sport was "enormous".
FA rules indicate players are not enabled to bank on a competition in which they are included.
Mr Johnson says players need to be seen not to be cashing in on any inside knowledge, which he states might trigger "brand name damage" to football and its competitors.
So, even a Second Division gamer knocked out of the FA Cup in the fall can not wager on a Manchester United v Chelsea cup final the following spring.
"We need to overcome to players the reputational danger to the video game," he states. "Once self-confidence has been harmed it is tough to get it back - mud sticks."
'Overwhelmingly legal'
If this represents the "carrot" method, then maybe Nick Tofiluk, director of regulation at the Gambling Commission, represents the "stick".
bet9ja.com
The Gambling Commission was set up under the Gambling Act 2005 to regulate business betting 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 frustrating bulk of sports betting happening through UK operators is legal and reasonable," he says.
"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
"Such cheating has the prospective to weaken the integrity of a sport, and it also harms the industrial interests of sports bodies and sports wagering."
The commission has actually developed an internal Sports Betting Intelligence Unit to receive and share 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 inform sports of our issues, to assist prevent or cut [illegal] activity"
In May 2010, the commission likewise introduced a personal telephone hotline for those with details 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 warned for cheating in relation to greyhound racing.
However, Mr Tofiluk states there are still eight continuous investigations, which much useful details has likewise been passed to sports authorities.
He stated that where an examination by a sport governing body was quicker, and more expense effective, then the commission would think about terminating a criminal examination "in favour of letting sports governing bodies take the lead".
bet9ja.com
Meanwhile, he states much of those aiming to cheat the sports betting market were educated about sports and sporting people, and about betting operations and the movement of cash.
"They look for the vulnerabilities of these to assist in their business."
1
Sport Betting Industry Looks To Protect Itself
clemmieo949607 edited this page 2025-01-29 22:03:48 +08:00