Sportsbetting in

Sportsbetting in Sportsbetting in - Start

2016-02-20 17K 17 0 0

Description

Victoria, Australia. Peter Cohen. Victorians like to think Melbourne is the sporting capital of the world. Australian Open Tennis. Formula 1 Grand Prix. Moto GP. Olympic Games (1956). Commonwealth Games (2006). ID: 224736 Download Presentation

Embed code:
Download Presentation

Sportsbetting in




Download Presentation - The PPT/PDF document "Sportsbetting in" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentations text content in Sportsbetting in

Slide1

Sportsbetting in

Victoria, Australia

Peter Cohen

Slide2

Victorians like to think Melbourne is the sporting capital of the worldAustralian Open TennisFormula 1 Grand PrixMoto GPOlympic Games (1956)Commonwealth Games (2006)Home of Australian Football (AFL)Spring Racing Carnival (including Melbourne Cup Day – a public holiday) Boxing Day Test (cricket)

Sport in Victoria

Slide3

Slide4

Sportsbetting in Australia is a A$3.5 billion (US$3.1 billion) per annum market Has been legal and regulated since 1982 and allows betting on approved events by licensed providersVictoria recognised the threats to integrity and implemented a new regulatory scheme in 2007Scheme includes enhanced integrity measures to protect both betting and the sportresponsible gambling requirementsmechanism for the distribution of benefits

Sportsbetting

Slide5

Gaming regulator can approve a sport as suitable for betting but only if satisfied thatthe sport has manageable integrity risksthe sporting event is administered by an organisation capable of enforcing rules to ensure integrity of the sportbetting would not be offensive or not be contrary to the public interestRegulator approves betting rulesRegulator approves and monitors betting system

Integrity measures

Slide6

In Victoria, a sport can be approved as a “sports controlling body” if it satisfies regulator that it is the controlling body, has adequate integrity procedures and acts on integrity concernsIntegrity procedures include:Ban on players, club officials, referees, etc, from placing bets on that sportDocumented rules of games which clarify how results are determined (eg, what happens if the lights go out mid-match? Or if a player withdraws through injury during a game?)

Sports empowered

Slide7

Once approved as a “sports controlling body”, licensed betting operators can only take bets on that sport’s events with the sport’s approvalSports will grant approval to licensed betting operators who agree to integrity proceduresSuch as exchange of information about suspicious betting transactionsChecks to see if sports’ players or officials have placed betsSports can also require betting companies to pay a fee

Sports benefits

Slide8

Approved “sports controlling bodies” have ability to restrict betting on options they consider inappropriateSuch as which player will be carried off the ground on a stretcher firstEnforced through agreements with betting providersRegulator can also ban individual contingenciesBut to date has not done so as there has been no need

Betting controls

Slide9

YesEliminates illegal sports betting* as there is no market for itIntegrity of sport enhancedExchange of information has helped sports identify players and officials betting on their own sportSuspicious events occurring in the sport itself investigated using betting dataSuspicious bets help sports monitor game play*Note: Apart from illegal online “in-the-run” betting banned by Federal legislation

Does the scheme work?

Slide10

Complimentary legislation in other Australian StatesSimilar legislative schemes in other countries, particularly those with sophisticated, professional sporting competitionsMaking cheating at sport for the purpose of financial gain a criminal offence

How could it be improved?

Slide11

Speak to me laterWebsite of the Victorian regulatorwww.vcglr.vic.gov.auContact me:peter@theagendagroup.com.au+61 412 296 952

More information


About DocSlides
DocSlides allows users to easily upload and share presentations, PDF documents, and images.Share your documents with the world , watch,share and upload any time you want. How can you benefit from using DocSlides? DocSlides consists documents from individuals and organizations on topics ranging from technology and business to travel, health, and education. Find and search for what interests you, and learn from people and more. You can also download DocSlides to read or reference later.