{"id":2866,"date":"2021-11-11T16:56:57","date_gmt":"2021-11-11T16:56:57","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=2866"},"modified":"2022-12-28T11:15:50","modified_gmt":"2022-12-28T11:15:50","slug":"what-should-you-do-if-you-have-inside-information","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/what-should-you-do-if-you-have-inside-information\/","title":{"rendered":"Should You Bet If You Have Inside Information?"},"content":{"rendered":"

\"businessmanWe know that insider information is not something that you can use to your advantage in the world of betting, such is the extent to which it makes things unfair for the average Joe placing the bet. What isn\u2019t necessarily all that clear is what exactly you should do if you find yourself in a position to take advantage of insider info<\/a> but don\u2019t want to. We know that most cases involving insider information are nefarious in their usage, but not everyone that might be in a position to gain such information will want to do the wrong thing with it.<\/p>\n

In essence, it doesn\u2019t matter how you came by the information, you cannot use it for your own advantage. In other words, if your cousin is a hairdresser and cuts the hair of the Everton manager, being in the room with them when they make a call to confirm the sale of their star striker to Manchester United that summer doesn\u2019t mean that you\u2019re allowed to place a bet on that happening because you \u2018accidentally\u2019 overheard the discussion. The rules are the same irrespective of how you can into the information, so bear that in mind.<\/p>\n

What Is Insider Information?<\/h2>\n

\"confidentialThe Football Association and any other organisations responsible for the running of football want to do what they can to maintain the sport\u2019s integrity. As a result, they have specific definitions of what insider information is as well as what you can and can\u2019t do with it. The rules of the FA apply to everyone involved with football, including match officials and staff that work at a club. They were issued with a worldwide ban on betting that remains in place, meaning that anyone association with football is banned from betting.<\/p>\n

In terms of what it is that constitutes insider information, the FA says<\/a> that it is \u2018information that you are aware of due to your position in the game and which is not publicly available\u2019. Someone working in football is not allowed to use the information in order to place a bet, nor are they allowed to instruct someone else to place a bet for them. On top of that, they cannot pass the information on to someone else if it will then be used for the purposes of betting, with word of mouth, writing and even the use of social media considered passing information on.<\/p>\n

It is not just in the world of football where insider information can be problematic, of course. Horse racing is another industry that often sees people claiming to have information that the general public doesn\u2019t have access to. Maybe it is a vet working with a specific yard or a groomer that keeps the horses in good condition. In most cases, the person promising you insider information is not telling the truth<\/a>, so you need to report them to the police and protect yourself against betting fraud or something similar.<\/p>\n

Where It Might Come From<\/h2>\n

\"informantThe United Kingdom Gambling Commission has specific thoughts about where insider information might come from. There is a \u2018Betting Integrity Decision Making Framework<\/a>\u2019, which outlines that the following are just some examples of where insider information might emanate from:<\/p>\n