Sport Betting Industry Wants To Protect Itself

Comentários · 126 Visualizações

Sport wagering industry looks to protect itself

Sport sports betting industry aims to protect itself

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

16 September 2010

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

By Bill Wilson


Business reporter, BBC News


sports betting on sport is huge organization.


Sport England estimates the value of spending on sport-related sports betting in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.


And that figure is most likely to have grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this summertime.


Meanwhile, German research study company Sport & Markt approximates the overall global gambling market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and sports betting.


But when the integrity of events are struck the gambling market suffers, and profits are put under danger if consumers can not bet with self-confidence.


And there can have been few higher-profile sport wagering stories than those impacting cricket and snooker this year.


High-profile


As Sport & Markt's Gareth Moore observes: "Everyone discuss the sports betting market now.


"Not just is it a substantial market in world service, it is one that is now on the front pages of papers."


Four Pakistan cricketers have been questioned by police over spot-fixing accusations connecting to a test versus England at Lord's last month.


Three of these gamers have stated they will also challenge the corruption charges installed 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, but was prohibited recently for six months for stopping working to report the unlawful approach to him to toss frames.


There are also 2 other continuing investigations - not associated to Mr Higgins - into snooker.


'Honest'

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

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 is good for wagering firms because individuals will spend money wagering with self-confidence," he states.


"If you take the Pakistan claims, although unrelated to the UK managed sports betting industry ... it is not really a positive story for wagering in the UK.


"That is because the understanding is that 'cricket is now something we may have to take care about'."


'Education'


So what can be done to prevent future scandals?


According to experts at a World sports betting Law Report conference into sports betting, the focus has to be on sportspersons and sportswomen.


As Simon Taylor of the Professional Players' Federation points out: "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 player organisations, such as the Professional Footballers' Association.


He believes that it is not sufficient to merely have deterrents, sanctions and disciplinary procedures, but that the method to deal with possible problems around players is likewise through education.


Mr Taylor states guidelines require to be explained plainly to gamers with clear examples, and by people they respect.


"Through informing gamers about sports betting you strengthen stability which is in everybody's interest," he includes.


"If gamers are more difficult to corrupt then sport will be more difficult to corrupt."


'Brand damage'


Matt Johnson, head of regulatory legal suggestions at the Football Association, agrees.


"Prevention is better than remedy, and we likewise make a point of telling gamers 'you are going to be captured'."


"It is imperative that sport is directly, and is seen to be directly," he includes.


"If it loses that then individuals do not want to wager, that is not in gaming companies' interests, and it is not in our interests."


He said that when an excellent track record was lost, the damage to a sport was "enormous".


FA guidelines indicate players are not enabled to bank on a competition in which they are involved.


Mr Johnson states 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.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

So, even a Second Division gamer knocked out of the FA Cup in the fall can not bet on a Manchester United v Chelsea cup last the following spring.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

"We need to get over to gamers the reputational risk to the game," he states. "Once confidence has actually been damaged it is difficult to get it back - mud sticks."


'Overwhelmingly legal'


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


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


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


"The frustrating bulk of sports betting wagering occurring through UK operators is legal and reasonable," he says.


"But for some there is the temptation to ... corruptly hinder the outcome of a sporting occasion.


"Such cheating has the potential to weaken the stability of a sport, and it likewise hurts the business interests of sports betting bodies and sports betting wagering."


The commission has established an internal Sports Betting Intelligence Unit to get and distribute information to sporting authorities, wagering firms and policing authorities.


"Since 2007 we have experienced a considerable insight into world of corrupt sports betting wagering," he states.


"We will inform sports betting of our concerns, to help avoid or reduce [unlawful] activity"

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

In May 2010, the commission likewise introduced a private telephone hotline for those with information or suspicions.


'Vulnerabilities'


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


However, Mr Tofiluk says there are still 8 continuous investigations, which much helpful info has actually likewise been passed to sports betting authorities.


He said that where an investigation by a sport governing body was quicker, and more expense efficient, then the commission would think about ceasing a criminal examination "in favour of letting sports betting governing bodies take the lead".


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


"They look for the vulnerabilities of these to help in their enterprises."


Related web links


World sports betting Law Report


ICC


Professional Players Federation


Professional Footballers' Association


The FA


Betfair


Sport & Markt


BLP


Gambling Commission


The BBC is not responsible for the material of external sites.

Comentários