Sport Betting Industry Seeks To Protect Itself

Comments · 46 Views

Sport wagering industry aims to safeguard itself

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

Sport wagering industry aims 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 substantial business.


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


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


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


But when the stability of events are struck the gambling industry suffers, and earnings are put under danger if customers can not bet with self-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 speak about the sports betting gambling market now.


"Not only is it a significant market in world service, it is one that is now on the front pages of newspapers."


Four Pakistan cricketers have actually been questioned by authorities over spot-fixing allegations associating with a test versus England at Lord's last month.


Three of these players have actually said 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 prohibited last week for 6 months for failing to report the unlawful approach to him to toss frames.


There are likewise 2 other continuing investigations - not related to Mr Higgins - into snooker.


'Honest'


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


"If the sport is viewed as sincere, straight and fair that benefits wagering companies due to the fact that individuals will spend money sports betting with confidence," he says.


"If you take the Pakistan allegations, although unassociated to the UK regulated wagering industry ... it is not actually a favorable story for sports betting in the UK.


"That is since 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 specialists 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 ladies in 15 sports betting in the UK, being an umbrella organisation for all player organisations, such as the Professional Footballers' Association.


He thinks that it is inadequate to merely have deterrents, sanctions and disciplinary procedures, but that the way to deal with potential concerns around gamers is likewise through education.


Mr Taylor says guidelines need to be discussed clearly to players with clear examples, and by people they respect.


"Through educating gamers about sports betting you strengthen integrity and that remains in everyone'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 recommendations at the Football Association, concurs.


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


"It is crucial that sport is straight, and is seen to be straight," he includes.


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


He stated that as soon as an excellent track record was lost, the damage to a sport was "incalculable".


FA rules imply gamers are not permitted to wager on a competitors in which they are included.


Mr Johnson says gamers need to be seen not to be capitalizing any inside understanding, which he states might trigger "brand damage" to football and its competitors.


So, even a Second 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 overcome to players the reputational risk to the game," he says. "Once confidence has actually been harmed it is hard to get it back - mud sticks."


'Overwhelmingly legal'


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


The Gambling Commission was set up under the Gambling Act 2005 to manage commercial gaming in Great Britain.


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


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


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


"Such unfaithful has the possible to weaken the integrity of a sport, and it likewise hurts the industrial interests of sports betting bodies and sports betting wagering."


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


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


"We will alert sports betting of our concerns, to assist avoid or reduce [illegal] activity"


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


'Vulnerabilities'


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


However, Mr Tofiluk states there are still eight ongoing examinations, which much helpful info has actually also 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 consider terminating a criminal investigation "in favour of letting sports betting governing bodies take the lead".


Meanwhile, he says numerous of those looking to cheat the sports betting wagering industry were educated about sports betting and sporting individuals, and about sports betting operations and the movement of cash.


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


Related internet links


World sports betting Law Report


ICC


Professional Players Federation


Professional Footballers' Association


The FA


Betfair


Sport & Markt


BLP

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

Gambling Commission


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

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