Illegal Betting Under Organiser Scrutiny – CasinosOnline.com

RepresentativesofthegamblingandbettingindustryhaveconvenedinLondonwithregardstotheupcomingLondonOlympicsandissuessurroundingtheimpactthatillegalgamblingwillhaveonthegameandmethodsthatcanbeusedtopreventsuchproblemsfromoccurring。

InrecentdiscussionsleadinguptotheOlympicGames,manyhavetoutedthattheybelieveillegalgamblingactstobeabiggerconcernthanthedoping。

Meetingstodiscussthematterwerereportedearlierinthemonth,citingthattheywouldbeheldinLondon,toaddressgrowingconcernsovertheintegrityofthegames。

Thediscussionwouldincludeavariedrangeofmeasurestotacklethethreatsofillegalgamblingaswellasdrop-inzonestoofferadvicetotheathletesparticipatinginthegamesandstayingintheOlympicVillageduringtheparticipation。

InattendancewereanumberofmajorsportsbettingfirmsincludingWilliamHill,Ladbrokes,Betfair,theInternationalOlympicCommittee(IOC),DepartmentforCulture,MediaandSportandalsotheUnitedKingdomGamblingCommission。

ThetruethreatthatcorruptionhasovertheupcominggameswasenlightenedduringlastyearwhenthreePakistanicricketerswerejailedafterbeingfoundguiltyofbriberyandmatchfixing。

TheseeventsoccurredduringatestmatchthattookplacebetweenEnglandandPakistaninLondonof2010。

Whensportiscorrupted,andbettingusedtoprofitfromthatcorruption,itimpactssportandthelegitimatebettingindustryalike。

Puntersalwayswanttoknowthey’regettingafairbetontheirchosensport,LadbrokesBusinessDirectorMikeO’Kanestatedineventsleadinguptothemeeting,whichhechaired。

Unregulatedmarketsarealsotoblame,whichismainlyfocussedontheunregulatedbettingindustrywithinAsiawhichishavingamassiveeffectandexternalityofothercountries。

Althoughtherealrisklieswithinillegalbettingmarkets,theregulatedindustrystillhasaroletoplayinassistingtheauthoritiestounderstandandcombatthisproblem,saidO’Kane,alsoaheadbookmakerattheEuropeanSportsSecurityAssociation。

O’Kanealsocommentedthatregulatedbettingwasalreadytrumpingsuspiciousbehavebyutilisingeffectivesystemstofightbackagainstscandal。

InanefforttoextendsupporttotheIOC,BritishcompanyBetfairhasopenlyagreedtodivulgeandshareinformationtotheIOCduringthegamesinanefforttopreventanyformofcorruptionandmaintaintheintegrityoftheOlympicGamesandthebettingindustry。

Betfaircurrentlyoperatestheworld’slargestbettingexchange。

TheIOCwillbesettingupdedicatedareaswithintheOlympicVillagethatwillhelptoraiseawarenessofillegalandirregularbettinginsporttoensurethatallparticipantsknowwhattolookfor。

Itwilloperateunderthename“theIOCandme”aswellasanotherinitiativecalled“Bettingriskandme”whichwillinformparticipantsofthenegativerepercussionsthatillegalbettingcanhaveonthem。