Sport Betting Industry Seeks To Protect Itself

Comments · 510 Views

Sport wagering industry aims to secure itself

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

Sport sports betting market aims to protect itself


16 September 2010


By Bill Wilson


Business press reporter, BBC News


sports betting on sport is substantial company.


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


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


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


But when the integrity of occasions are hit the sports betting industry suffers, and incomes are put under danger if clients can not wager 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 talks about the sports betting gambling market now.


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


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


Three of these players have stated they will also challenge the corruption charges mounted against the trio by the sport governing body the International Cricket Council.


Meanwhile, three-times snooker world champion John Higgins was cleared of match-fixing allegations, but was banned recently for 6 months for failing to report the prohibited technique to him to throw frames.


There are likewise two other continuing investigations - not associated 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 perceived as truthful, straight and reasonable that is good for sports betting firms because individuals will invest cash sports betting with self-confidence," he says.


"If you take the Pakistan allegations, although unrelated to the UK regulated wagering industry ... it is not really a favorable 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 be careful 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 has to be on sportsmen and sportswomen.

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

As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can fix a match are the rivals or the referee."


His organisation represents males and ladies 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 not sufficient to merely have deterrents, sanctions and disciplinary treatments, but that the way to deal with possible concerns around players is likewise through education.


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


"Through informing players about sports betting wagering you enhance stability which is in everybody'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 guidance at the Football Association, concurs.


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


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


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


He said that when a great credibility was lost, the damage to a sport was "incalculable".


FA guidelines imply gamers are not enabled to bank on a competitors in which they are included.


Mr Johnson states gamers have to be seen not to be cashing in on any inside understanding, which he says might cause "brand name damage" to football and its competitions.


So, even a 2nd 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.


"We have to get over to players the reputational danger to the game," he states. "Once self-confidence has actually been harmed it is hard to get it back - mud sticks."


'Overwhelmingly legal'


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

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

The Gambling Commission was established under the Gambling Act 2005 to regulate industrial sports betting in Great Britain.


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


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


"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.


"Such cheating has the possible to weaken the stability of a sport, and it likewise damages the industrial 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 details to sporting authorities, sports betting companies and policing authorities.


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


"We will signal sports betting of our concerns, to help prevent or reduce [prohibited] activity"


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


'Vulnerabilities'


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


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


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


Meanwhile, he says a lot of those looking to cheat the sports betting wagering market were educated about sports betting and sporting people, and about sports betting 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


The BBC is not responsible for the content of external websites.

Comments