Sport Betting Industry Seeks To Protect Itself

commentaires · 63 Vues

Sport wagering industry aims to protect itself

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

Sport sports betting industry looks to safeguard 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 service.


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


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


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


But when the stability of events are struck the gaming market suffers, and profits are put under hazard if clients can not wager with confidence.


And there can have been couple of higher-profile sport sports betting stories than those impacting cricket and snooker this year.


High-profile


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


"Not only is it a considerable market in world business, it is one that is now on the front pages of papers."


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


Three of these gamers have stated they will likewise 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 allegations, however was banned last week for six months for failing to report the prohibited approach to him to throw frames.


There are also two other continuing investigations - unrelated to Mr Higgins - into snooker.


'Honest'


David O'Reilly is legal counsel for Betfair, one of the UK's greatest online sporting exchanges.


"If the sport is perceived as truthful, straight and fair that benefits sports betting companies due to the fact that people will invest money wagering with self-confidence," he states.


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


"That is due to the fact that the understanding is that 'cricket is now something we might need 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 gambling, the focus has to be on sportspersons and sportswomen.


As Simon Taylor of the Professional Players' Federation mentions: "The only individuals 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 insufficient to merely have deterrents, sanctions and disciplinary procedures, however that the way to take on potential problems around gamers is likewise through education.


Mr Taylor says rules require to be explained plainly to players with clear examples, and by people they respect.


"Through educating gamers about sports betting you strengthen stability which remains in everybody's interest," he adds.


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


'Brand damage'


Matt Johnson, head of regulative legal advice at the Football Association, agrees.


"Prevention is much better than cure, and we also make a point of telling players 'you are going to be captured'."


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


"If it loses that then people don't wish to wager, that is not in gambling companies' interests, and it is not in our interests."


He said that as soon as a good credibility was lost, the damage to a sport was "enormous".


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


Mr Johnson states players have actually to be seen not to be capitalizing any inside understanding, which he says could trigger "brand damage" to football and its competitors.


So, even a 2nd Division player knocked out of the FA Cup in the fall can not bank on a Manchester United v Chelsea cup final the following spring.


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


'Overwhelmingly legal'


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


The Gambling Commission was established under the Gambling Act 2005 to regulate commercial gaming in Great Britain.


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


"The frustrating majority of sports betting taking location through UK operators is legal and fair," he says.


"But for some there is the temptation to ... corruptly interfere with the outcome of a sporting event.


"Such cheating has the prospective to weaken the integrity of a sport, and it also hurts the commercial interests of sports betting bodies and sports betting wagering."


The commission has actually established an in-house Sports Betting Intelligence Unit to receive and distribute details to sporting authorities, wagering firms and policing authorities.


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


"We will notify sports betting of our issues, to help avoid or cut [unlawful] activity"


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


'Vulnerabilities'


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


However, Mr Tofiluk says there are still 8 ongoing investigations, and that much useful details has likewise been passed to sports betting authorities.


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


Meanwhile, he says much of those aiming to cheat the sports betting market were well-informed about sports betting and sporting people, and about wagering operations and the movement of cash.


"They seek out the vulnerabilities of these to assist in their enterprises."


Related internet links


World sports betting Law Report


ICC


Professional Players Federation


Professional Footballers' Association


The FA


Betfair


Sport & Markt


BLP


Gambling Commission

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