UK GAMBLING COMMISSION MAY REIN IN NOVELTY BETTING
1 June 2007
Potential for cheating could be considerable say
sporting bodies
Recent novelty betting partnerships between Will Hill
and Paddypower, and more recently Betfair and Virgin
Games could find themselves restricted by the UK
Gambling Commission following its announcement last week
that it is to consider introducing tough restrictions on
the type of bets that bookmakers are allowed to offer.
Virgin has teamed up with Betfair (see previous InfoPowa
report) to give its customers the ability to place bets
on the entertainment, football, cricket, golf,
greyhounds, motor sport, rugby and tennis sectors -
generically called novelty betting.
“Virgin Games is all about fun and entertainment, so
novelty betting is a good fit for the brand," Virgin
Games CEO Simon Burridge explained. "Although
entertainment betting is seen as a sideline by most of
the traditional bookies, we believe it is a market with
huge potential. Every year, millions of people spend
millions of pounds phoning and texting votes into
reality TV shows.”
But football, rugby and cricket administrators
apparently fear that a new generation of cheats could
take advantage of unusual sports bets that are not
dependent on the outcome of a game, according to a
report in The Times newspaper this week.
Consequently, the Gambling Commission has announced that
it is to consider introducing tough restrictions on the
type of bets that bookmakers are allowed to offer.
In a consultation paper released last week, the watchdog
asked whether it “...should require the gambling
industry to offer only certain categories of betting
opportunities”.
The proposal is being resisted by the betting world,
which claims that there is no evidence of widespread
cheating. It is one of a number of ideas being
considered by the commission to boost the integrity of
sports betting. These include the creation of an
official results service for sport similar to the one
that currently exists in horseracing. At present
bookmakers decide for themselves how they wish to settle
bets.
The suggestions come after pressure from the sporting
industry, which fears that the expansion of sports
betting, driven by the arrival of betting exchanges such
as Betfair, is the biggest challenge to the industry.
The representative bodies of five sports – football,
cricket, tennis, rugby league and rugby union – have
employed a lobbying firm to try to tackle the issue.
Online Casino News courtesy of
InfoPowa
More news here.
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