The betting industry is a popular gambling sector that has never stopped growing. And the main factor of this business is integrity. What’s the regulatory establishments’ role in ensuring integrity?
The main goal for all betting companies, like สมัคร ufabet, is to guarantee betting integrity to the consumers. This characteristic is defined as the honesty of the betting sense. Consumers must trust the operators before placing real money betting on the favorite team or athlete.
Talking about all the sides of the betting business, there are four of them:
- sportsbook;
- bettors;
- sports organization;
- regulator.
What are sports betting integrity fees?
The sports betting industry is still full of doubts from regulators and society. Some of the markets cannot decide if sports betting should be legal or not. One of the most frequently mentioned factors in such issues is integrity fees.
They are also described as taxes on legal sports betting. They are most common in the most played sports in the world, specifically in the NBA and Major League Baseball.
The betting integrity fees have been actively developed in France and Australia, which positively influence the sports betting markets.
The main peculiarity of the integrity fee for the sports leagues is the fact of the independent status of the set amount of wagers from the bookmaker’s revenue. Accordingly, 20% of the sportsbook’s revenue is going to the leagues (a 1% fee and a 5% hold, one percent integrity fee).
Sports betting integrity fee: what do leagues get?
The US sports betting industry’s net worth is counted by $200 billion, according to the percentage of the integrity fees for leagues, the payment sum is around $2 billion.
However, there’s a doubt about the need to pay integrity fees to the leagues, because of the absence of leagues’ direct participation in the sports betting industry. League Championships are the main events for the betting business, but the main participants are still regulatory authorities and operators.
What is match-fixing?
The match-fixing match is defined as an event, the results of which are influenced by the third parties who are not supposed to. Such sports events are also identified as suspicious. There can be many involved people like players, teams’ managers, referees, support staff, officials, etc.
The experts mention several ways of match-fixing:
- fixed results;
- fixed points spread;
- an athlete’s underperformance;
- an athlete’s withdrawal;
- the misapplied rules by the official;
- using the exclusive inside information to place a bet.
The authorities usually provide match-fixing policies, which include strict restrictions, rules, and regular checks for suspicious events.
For such regulation, the Macolin Convention was created. This document is an international contract, which is aimed to fight match-fixing and corruption in the sports industry. It was signed for the first time on February 1st, 2019 by the Australian Government, which is also the main coordinator of the process.
Harmful effects of fake predictions
As all of the gambling sectors, betting won’t be existing without consumers’ trust. This type of entertainment is money-related, that’s why it’s so important to build this bridge of trust between sportsbooks and bettors.
Sports events predictions are the frequent advice from the industry experts about the outcome of the event, actions during the match, athletes’ performance, and much more.
The predictions directly influence the consumers’ choice while placing the bets. The number of active customers will be decreasing if the betting industry is corrupted.
How is prediction created?
The sports wagering predictions are based on the special algorithm and statistic data. The software uses historical data. Among the tools for that are score predictors, line reversal software, hedging, and odds calculators. In the case of right using all the tools and statistics, the sports event will be predicted with maximum precision.
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The most famous match-fixing scandals
The worldwide sports industry has faced a lot of match-fixing cases. And here’re the most popular scandals, which have left a mark on history.
NBA scandal
The NBA 2007 season became popular thanks to an NBA referee Tim Donaghy when the industry found out he was placing bets on the matches. He started betting on the matches on NBA events in 2003. When the leading players and bookmakers found out about his betting business, they started to place their large bets until 2006, when the conspiracy was formed.
Millions of dollars were involved. Donaghy’s mission was to call fouls at critical junctures of games to swing the betting line one way or another.
At the end of the story, Tim Donaghy was violent in electronic fraud. He was locked in federal prison for 15 months. Other involved was not found.
European football league scandal
This scandal is defined as the largest one in the history of the European football league. There were involved at least 200 people in many countries. Among championships with fixed matches were the Champions League, Europa League, and lower leagues, which were run by the gangs.
The list of involved people is full of players, coaches, match officials, and referees. According to the investigation, there were around 40 suspicious matches. Later, the Union of European Football Associations made a statement of the strictest sanctions towards all the involved parties.
This scandal caused the launching of the specialized Betting Fraud Detection System for identifying suspicious sports events.
Pakistani cricket scandal in 2010
Cricket is one of the most famous sports in Pakistan, but the match-fixing case in 2010 shocked the whole country and sports fans. The investigation was started by the journalist who introduced himself as a bookmaker official. He was trying to bribe 3 players: Mohammad Amir, Pakistan’s captain Salman Butt, and Mohammad Asif. The try was ended up with a success.
Players were punished for the match-fixing and locked in London prison.
Pakistan sports industry is still full of match-fixing cases because of the absence of the regulatory system, which would control all of these types of problems. There’re still no laws to punish such violations as match-fixing in this country.
German football scandal in 2005
According to the experts, this scandal is identified as the most popular match-fixing case in German football history. There were involved three brothers who ran a gambling syndicate. The crime started from the bribed referee Robert Hoyzer for $92 500 to fix games, which became $2.75 million profitable.
The referee was accused by the group of the referees to the German Football Association.
As the result, three brothers were locked up in a prison, Robert Hoyzer became banned in the football industry forever, other involved referees were found and punished as well.
French football scandal in 1992-93
The scandal took a place at the finale of the UEFA Champions League 1993. The initiators were Olympique de Marseille président Bernard Tapie and general manager Jean-Pierre Bernès. They bribed Valenciennes players, two of who agreed to fix a match and make it easier, but the third one refused to be involved in the crime.
As the result, the football team Marseille won and became the first French team, which won the European Cup. However, all the involved were punished, locked in prison, and a team’s victory was stripped.
Find the information on what factors point out a suspicious sports event on the GBC Time site.
Prevention of foul betting
There can be mentioned a few sides of the working on the legal and clear betting industry:
- government organizations (policy, regulator, and authorities);
- influencers (media, opinion leaders, legal betting operators);
- financial institutions;
- online-related organizations.
One of the most responsible sports organizations that pay attention to the manipulated sports events issue is the International Olympic Committee.
In 2017, there was launched the Olympic Movement Unit on the Prevention of the Manipulation of Competitions (OM Unit PMC) based on the recommendation by the International Forum for Sports Integrity (IFSI).
The main Unit’s goal is to provide model rules for the whole Olympic sports.
Talking about the match-fixing problem, the IOC introduced Joint Assessment Unit (JAU), the mechanism system, which analyzes all the suspicious data about sports events. After the successful work, there was launched another institution – Joint Integrity Intelligence Unit (JIIU).
And in 2014, the IOC introduced the Integrity Betting Intelligence System (IBIS) that regulates the betting offering process between Olympic sports organizations, so everything was clear and honest. From that time, sports betting integrity became one of the priority issues in the Olympic Movement.
The legislative framework is the only effective way to stop match-fixing and develop betting integrity in the global betting industry.
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