{"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":"
We 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 The 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 The 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 It isn\u2019t an exhaustive list, but it does give an indication of the sorts of places that insider information can come from. Of course, you might not be involved or know someone involved with any of them, so it\u2019s entirely fair to point that there are plenty of other areas where you might come across insider information. The likes of friends that know someone that works at a football club are a good example, with the information still being classed as coming from an \u2018insider\u2019 even if you hear it by accident or are told it unwittingly.<\/p>\n As in the world of business<\/a>, figuring out what is and what isn\u2019t insider information is tricky. Imagine that you are a journalist who had an interview booked with an under-fire manager who cancels the interview, for example. That doesn\u2019t definitely <\/em>mean that they\u2019re being sacked, but you\u2019d be sensible to assume as much. Does it count as insider information? That is something that everyone has to decide for themselves, but going on to place a bet, especially if it\u2019s on an exchange site<\/a> (where you are in effect taking money from other punters directly), certainly has questions you need to ask yourself.<\/p>\n It is probably more appropriate to refer to this section as what you shouldn\u2019t<\/em> do if you\u2019re on the receiving end of insider information, which is use it to your advantage. It might feel like something of a moral conundrum, being in a position where you can make money from information that you\u2019ve been given, but to do would be more of a legal question than a moral one. The majority of people don\u2019t want to be in a position where they will fall foul of the law, so they will ensure that they don\u2019t do anything that is illegal, but some people will.<\/p>\n In terms of the Gambling Commission\u2019s approach, they break things down according to what the information actually is. \u2018The Art Of Betting\u2019, for example, is about information that not everyone knows but could know if they were to do a bit of research.<\/a> This is entirely fine and there\u2019s nothing to worry about on that front. Equally, \u2018Uninformed Information\u2019 refers to someone receiving privileged information but not realising that they were told the info by someone in a privileged position, which is also understandable and acceptable.<\/p>\n As soon as someone knows that the information that they\u2019ve received is privileged, they should avoid doing anything that might lead to them winning money thanks to that information. If someone is actively touting that they\u2019ve got the information, you should turn to the governing body for the sport in question and the The International Betting Integrity Association<\/a> and inform them about it, whilst you might also consider turning to the police or a crime prevention body.<\/p>\n","protected":false},"excerpt":{"rendered":" We 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…<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":468,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"\nWhat Is Insider Information?<\/h2>\n
Where It Might Come From<\/h2>\n
\n
What To Do If You Get Insider Info<\/h2>\n