Premier League faces Betting Sponsorship dilemma to phase out by 2026-27 following bans in Spain and Italy. Anticipated changes.
The world of sports betting has become more significant due to the increase in sports popularity. Many people want to make their time watching sports some of the most exciting times they are going to have at that moment and what better way to do so than to spend time betting on your favorite sports and teams?
With that being said there is a current dilemma when it comes to sports betting sponsorships in the Premier League. Want to know more about the situation and how it might affect you as an avid fan and better of the sport?
Read on below to learn more about what’s going on.
Sports Sponsors?
One thing that should be of note when it comes to sports is that several things only happen because of the money donated by various sponsors. Typically, the sponsors will donate a significant amount of money to a specific sport or team, but there is a trade-off to doing so.
When a sponsor donates either money or things like uniforms it’s in exchange for some advertisement of their brand name. In the case of the ban against sponsorships in Italy and Spain, it’s the notion that sponsors want their company name printed across the front of the players’ uniforms.
While this might not be a huge issue to most it’s being banned because the companies sponsoring the fronts of these shirts are gambling companies. While the premier league may not want these things advertised on the front of the shorts after the vote took place they are still allowing gambling companies to have their names printed on the sleeve or LED pitch side of the advertising.
The vote to ban front of the shirt gambling sponsors took place in early April and was voted on by all twenty clubs that make up the league. Because this vote took place it means that the teams who have allowed gambling companies to advertise their businesses on the fronts of shirts and jerseys need to make some drastic changes.
According to the league the affected teams will be given until the 2026-2027 season to make a change and have new gear for their team to be ordered in time for play. This means taking enough time to secure other sponsorships. The league will make the first of the sports to voluntarily come to a decision on the matter and after a count was conducted there was a total of eight teams that will knowingly have to make these changes to their gear.
What Else Will Change?
With the premier league being the first to make the change there are other things that will begin to take place as well. The Premier League has promised to work with other sports in the hopes that they can come together and create a code of conduct that will be issued to ensure gambling sponsorships are done in a responsible manner. Many speculate that this review of the use of gambling sponsorships took place because the UK government is set to review and make needed changes to the gambling laws in the area.
There were several delays that kept that from happening in early April, but it was voted on soon after. Another reason the use of gambling sponsorships was reviewed was because replicas of jerseys were advertising online casinos on items for kids. Which isn’t exactly what the Premier League wants to advertise on products for their young fans.
Simply moving the sponsorship isn’t going to be enough, it will need to be reviewed in all sports and a unanimous stand will need to be taken. This of course isn’t to say that sports gambling is wrong, but there certainly is a way to do it that allows fans to still have fun but do so in a responsible way.
Gambling Responsibly
Are you looking to continue gambling on your favorite sport or team? Here are some things you may need to know that will ensure you’re able to continue doing so responsibly while enjoying your favorite sporting events throughout their season. The first thing we recommend you do is set boundaries for yourself while gambling.
By setting boundaries or having a strategy in place before you begin gambling you can ensure that you’re able to still view the sports you love with pleasure and not enter into a toxic cycle of losing or winning money. Another reason to set boundaries when you’re betting on your favorite sports is to ensure you don’t place your finances in a poor spot and this can take a toll on your overall emotional wellbeing.
Another reason to set boundaries is because each state has its own regulations and laws you need to follow when betting on sports. This will ensure you don’t face any legal issues that come from something you enjoy doing. Another thing you should ensure you do is keep an eye out for red flags that could allude to you having a sports betting problem.
These signs include:
- Becoming obsessed with the betting lines you’ve placed
- Lying about the activities you partake in as a sports better
- Starting to borrow money to bet on sporting events because you’ve lost all yours
- Putting more money into bets after you’ve lost your initial investment
- Betting more than you can stand to lose
When you begin to notice you’re making these mistakes it’s time to step away and rethink the way you’re partaking in sports bets.
How to Get Started in Betting
Sports betting is about more than just putting your money on as many lines as possible. For people who do it professionally and year-round it takes some planning and strategy to ensure you get the most out of each betting line and can increase your chances of winning more than losing.
The first thing we recommend you do is learn the fundamentals of sports betting. You should have a deep understanding of typical betting terminology and what it means because it can help you determine the best steps to take when you’re sports betting. It also helps if you take some time to do your research and learn what the current trends are.
By doing this you can ensure you leverage them to increase your chances of winning. You should also understand how to read different pieces of data and statistics including various winning percentages and the return on investment you get from betting on different sporting events.
Another thing to remember when you get started in sports betting is to remain safe at all times. Various platforms will offer you incentives to use their platform to place your bets, but that doesn’t mean they are all created equal. Ensure you read the contract for using the platform thoroughly because once your funds are involved you’re going to want to know what you got yourself into and not reading the contract in depth is enough to get your money back if you lose it.
If you’re still unsure about using a platform you might want to take some time to read some of the reviews left by other users of the platform. This will identify some of the red flags you might have missed in your initial study of the platform. Once you’ve found a platform that works for you, take advantage of the incentives they offer.
It’s basically free money the platform gives you to place your bets, and who doesn’t like free money.
Studying Your Favorite Teams
When betting on sports ensure you take the time to learn about the team you’re going to be watching. There are several things you might notice as you continue watching them long-term. You might begin to notice they play better at home than they do away unless they are playing in the snow.
Or you might notice that certain starters for the team tend to not put as much effort in when playing away as they do when it comes time to play for a championship. There are so many factors that could increase or decrease your chances of winning, which is why you need to choose a team and study their playing habits.
When you focus on too many teams it can become challenging to put yourself in a positive position to win, which will in turn become very frustrating the longer you continue to bet on sports.The more you know about your favorite teams the better off you’re going to be.
And when you win your pockets will thank you for doing so because you’re winning money instead of losing.
The Wrap Up
When it comes to sports betting in the UK and Spain there are going to be increased regulations in the future that will affect the way that gambling sponsors are able to display their names when they sponsor the premier league. And if you’re going to be a sportsperson, better ensure you take the proper precautions to keep yourself safe and watch out for red flags.
If you want to know more don’t hesitate to check out some of the other informative posts we’ve created for you to read with tons of useful information.
