Assuming that you want to watch that channel without other distractions on page, you can use the following command to directly watch it with vlc
Code:
rtmpdump -r rtmp://sptv-on.co.cc/live/live1 -W http://player.sptv-on.co.cc/player.swf -p http://www.streamtuga.com/p/sportv-1.html --live --quiet | "C:\Program Files\VideoLAN\VLC\vlc.exe" -
How to watch RTMP/RTMPE/RTMPT streaming with vlc using rtmpdump