Sport Betting Industry Aims To Protect Itself

Kommentare · 613 Ansichten

Sport betting market seeks to safeguard itself

Sport sports betting market seeks to protect itself


16 September 2010


By Bill Wilson


Business press reporter, BBC News

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

sports betting on sport is huge company.


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


And that figure is likely to have actually grown even more, with an estimated ₤ 1bn bet on the World Cup alone in the UK this summer season.


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


But when the integrity of occasions are hit the sports betting market suffers, and revenues are put under risk if consumers can not bet 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 betting gambling market now.


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


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


Three of these gamers have actually said 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 champion John Higgins was cleared of match-fixing claims, however was banned last week for 6 months for failing to report the prohibited approach to him to throw frames.


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


'Honest'


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


"If the sport is viewed as honest, straight and reasonable that is good for sports betting companies because people will invest money sports betting with self-confidence," he says.


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


"That is because the perception 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 professionals 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 points out: "The only individuals who can fix a match are the rivals or the referee."


His organisation represents men 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 not enough to simply have deterrents, sanctions and disciplinary treatments, but that the method to take on potential concerns around players is likewise through education.


Mr Taylor says rules require to be described plainly to gamers with clear examples, and by people they appreciate.


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


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


'Brand damage'


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


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


"It is essential that sport is directly, and is seen to be straight," he adds.


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


He stated that as soon as a great reputation was lost, the damage to a sport was "enormous".


FA guidelines indicate players are not enabled to bank on a competitors in which they are included.


Mr Johnson says players need to be seen not to be capitalizing any inside knowledge, which he says might cause "brand name damage" to football and its competitions.


So, even a Second Division player knocked out of the FA Cup in the autumn can not wager on a Manchester United v Chelsea cup final the following spring.


"We have to overcome to gamers the reputational danger to the video game," he states. "Once self-confidence has 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".


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

Play Aviator virtual betting crash game on the Bet9ja platform

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


"The overwhelming majority of sports betting happening through UK operators is legal and fair," he says.


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


"Such unfaithful has the prospective to weaken the stability of a sport, and it also hurts the industrial interests of sports betting bodies and sports betting wagering."


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


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


"We will signal sports betting of our issues, to assist avoid or curtail [illegal] activity"


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


'Vulnerabilities'


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


However, Mr Tofiluk states there are still 8 ongoing investigations, which much helpful info has also been passed to sports betting authorities.


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


Meanwhile, he states numerous of those seeking to cheat the sports betting industry were educated about sports betting and sporting people, and about wagering operations and the motion of cash.


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


Related web links

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

World sports betting Law Report


ICC


Professional Players Federation

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

Professional Footballers' Association


The FA


Betfair


Sport & Markt


BLP


Gambling Commission


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

Kommentare