Should sport leagues profit from sports betting?

[Jaycoinz]

Sports leagues have their own business that they are running and they don't need to make money from sportbooks because they are making enough money. Just take a look at the amount of money that a club can use to buy a single player, that tells you the kind of money that they make From football. Football clubs or leagues care too much about their reputation to be involved in benefitting from sports betting

[$crypto$]

If sports leagues are given incentives by bookmakers, the credibility of those sports will be questioned—assuming that many people involved in those sports can be influenced by bookmakers because they can be manipulated.

And it is impossible for sports leagues to not need anything from bookmakers because they have no relationship that would damage their competition; even soccer players who gamble are fined.

Sports leagues get their incentives from many sponsors and broadcasters.

[moneystery]

sportsbooks are not obligated to contribute to sports leagues because they operate as independent businesses focused on generating profits, not as part of the sports funding system. therefore, they should function accordingly, without being required to provide financial support to leagues. any contributions are more likely to come through mutually beneficial commercial arrangements, such as sponsorships or licensing agreements. these are entirely voluntary, and it is up to the sportsbooks to decide whether to engage in such partnerships.

[Asiska02]

On the other hand, being incentivized might push sport leagues into being biased. Since a lot more money is on the line, more match fixings might be created. But what about you? Do you see the pros and cons of having sport leagues benefit from sports betting?

I haven’t thought of it deeply but if sport leagues gets to benefit from sport casinos, there will be high rate of match fixing. Teams will not play matches with passion to win, but will do it in favour of the casino on which of the bets will favour the casino more to win more money which in turn they also get to benefit from the big win. They should just be using them as sponsors and get paid for that and no any money should be between them asides that, because conflict of interest will come into play and won’t make the game of football entertaining as it use to be.

[alastantiger]

Do you think that sport leagues should be incentivized by sportsbooks and casinos since after all sport leagues are the ones who make it possible for sportsbooks and casinos to profit from its bettors. Do you think that casinos should pay back the sport leagues? Sport leagues may even consider being more considerate to gamblers and allow platforms to have the most accurate data for gamblers to see.

What I think is that more caisnos should be sponsoring clubs as that's the perfect way to give back to the clubs for helping in promoting or encouraging people to bet in the games. The clubs shouldn't be directly involved in the betting but then getting sponsorship will bring some money to the clubs and this will improve the atmosphere and training facilities of the clubs. Not all the clubs need this sponsorship because most of them already have huge money coming in but the smaller ones that need assistance can be the focus on or target of the sportsbook. When this happens the league benefits too because with more competitions from other smaller clubs, the league can get more interesting matches.

[mcdouglasx]

Messi advertises Adidas, not Adidas Messi, that is to say, betting houses can advertise in the leagues, but nothing more, it is not a society as such, and a sports league is not going to have close relations with gambling, this would lead to criticism from the Cristal generation and would only harm the world of sports with a wave of accusations of match fixing because the more gambling is linked to sport, the more suspicions of corruption will grow, the main idea is simple sports leagues cannot risk betting damaging the independence of sport.

[|MINER|]

Sports leagues have their own business that they are running and they don't need to make money from sportbooks because they are making enough money. Just take a look at the amount of money that a club can use to buy a single player, that tells you the kind of money that they make From football. Football clubs or leagues care too much about their reputation to be involved in benefitting from sports betting

Moreover, sports leagues already receive money from live streaming platforms, and sports bookies pay those streaming platforms for transferring data from streaming platforms and using it on betting platforms. In this case, the bookie platforms are already receiving money from them.Although this is my personal opinion, I don't think there is any other story here.

And besides, I think not all sports bookies platforms generate the same kind of profit, so if they pay money separately to incentivize sports leagues, I don't really know how and at what rate they will pay it.

[Fivestar4everMVP]

Do you think that sport leagues should be incentivized by sportsbooks and casinos since after all sport leagues are the ones who make it possible for sportsbooks and casinos to profit from its bettors. Do you think that casinos should pay back the sport leagues? Sport leagues may even consider being more considerate to gamblers and allow platforms to have the most accurate data for gamblers to see.

On the other hand, being incentivized might push sport leagues into being biased. Since a lot more money is on the line, more match fixings might be created. But what about you? Do you see the pros and cons of having sport leagues benefit from sports betting?

You already said what I had in mind while reading the first part of your post, sports leagues should have no business with sportsbooks because like you said, this will create alot of bias results and match fixing in the sports and betting industry, sports will utterly lose its credence or credibility before us all just like it is with wrestling.

So, looking at the pros and cons of what you are suggesting, I would say the cons or disadvantages seriously outweighs the pros or advantages, so I do not think the idea is good to implement assuming there were people here who would see to it that suggestions as this are implemented or passed to the sports leagues and sportsbooks for proper implementation, so let's cease discussing things or suggesting things that are completely not feasible or possible to implement.

[Alphakilo]

Do you think that sport leagues should be incentivized by sportsbooks and casinos since after all sport leagues are the ones who make it possible for sportsbooks and casinos to profit from its bettors. Do you think that casinos should pay back the sport leagues? Sport leagues may even consider being more considerate to gamblers and allow platforms to have the most accurate data for gamblers to see.

On the other hand, being incentivized might push sport leagues into being biased. Since a lot more money is on the line, more match fixings might be created. But what about you? Do you see the pros and cons of having sport leagues benefit from sports betting?

There is a lot of advantages to this which we can all agree on from the point of view of the gamblers. However, the reputational damage should be a major consideration to think about before accepting any type of incentives from sports book or casinos. As have already the rightly stated, it could all go downhill from there for  both parties if that should ever get out to the public.

If any kind of partnership of this may should happen at all, there must be a clear policy and memorandum of understanding for which both parties must agree to which dictates what is acceptable and what is not.

[DaNNy001]

They are independent businesses that has no ties or links.. sports leagues make their money in several ways, being involved in sports betting is something that they don't get involved in..a lot of people say that most matches that are fixed comes from leagues working directly with the casino or sports book but I don't really believe that..I don't even think there's such thing as a fixed game

[Floxynice]

They are independent businesses that has no ties or links.. sports leagues make their money in several ways, being involved in sports betting is something that they don't get involved in..a lot of people say that most matches that are fixed comes from leagues working directly with the casino or sports book but I don't really believe that..I don't even think there's such thing as a fixed game

If it were the sport leagues themselves that made this post demanding for some percentages from the casinos for using the match they played to make money, I will be screaming greed! Greed! At the top of my voice. Those two belong to two different industries.  An unnecessary interference will ruin the trust people have for either of the two entertainment platforms. So my answer is; the casinos owe the sport leagues nothing.

[Odusko]

Sport leagues don't need to benefit from bookies and casino because they're all doing their different business if the casino runs at loss, will the league take financial responsibility? If there is no sport competitions, gamblers will gamble with something else.

The only way that casinos can show appreciation in the sport that they love is to sponsor the club, but even at that, the casinos are advertising their brand.

I don't get what other benefits sports leagues could get from gambling sites and bookie's that already provided a marketing place for them and also helping to get more exposure on the game's, because basically no one will bet on a sports games without having some basic knowledge of the game so for that it attract.ore views to the game which is what make sport events entertaining and crowded in the first place.

[r_victory]

I believe they already pay the leagues something. It's a lot of advertising for casinos and bookmakers, and it's certainly not free. There must already be some agreement between them. I don't know, it could be a fee for using the brands, the teams are practically companies. After all, the leagues own the media space, like TV, for example, and the audience they reach is huge.

[salad daging]

Besides, you already said this would be biased—because if bookmakers offer incentives, it could lead to match-fixing, which would make cheating even more prevalent.

Sports leagues like Serie A and LaLiga already have sponsors from these casinos, so that’s enough to secure funding without needing incentives for providing betting services or other data.

Some clubs also receive sponsorship from these casinos as part of their business operations, but this won’t influence anything.
Sports should remain independent and not be influenced by betting, as not everyone is comfortable with it.

[stompix]

Can you guys actually check what is happening in the real world before posting?

It's insane to read through tens of comments saying that no it's not allowed, that it shouldn't, that teams are banned from doing this, can't you just Google for one minute before posting something like this?

ALL MAJOR LEAGUE PROFIT FROM SPORT BETTING!

They all sell rights to their data to major bookies or major brokers that sell that back as a licensign fee to sportbooks.

I already gave you an example, how the NBA sold those rights for a billion deal with sportsradar that is licensing that data to bookies:
https://www.sportico.com/business/sports-betting/2021/nba-sportradar-data-equity-1234646790/

The National Basketball Association and Sportradar have signed a new eight-year deal that will give the Swiss data firm the exclusive rights to distribute NBA data to sportsbooks in the U.S. and abroad.

Seriously, either stop posting or do some research before this topic ends up with 20 pages of people denying reality!

[Botnake]

ALL MAJOR LEAGUE PROFIT FROM SPORT BETTING!

Although you’re correct with the information you shared, that wasn’t the only context of the OP’s post.

On the other hand, being incentivized might push sport leagues into being biased. Since a lot more money is on the line, more match fixings might be created. But what about you? Do you see the pros and cons of having sport leagues benefit from sports betting?

As we can see, it can be worrying if the information the sportsbook shows is different from what they actually supply, especially if it’s done to favor the ones who incentivize them and that would be at the expense of the gamblers.

[stompix]

!
Although you’re correct with the information you shared, that wasn’t the only context of the OP’s post

Seriously defending this!
Leagues have benefited from gambling for decades, even before this forum was born,the earliest deal for that is from the 80s!!!!

Whatever this topic has achieved one thing is clear: people have absolutely no clue how the real world works and posting stupid shit, ending probably with 20 pages of nonsense just because here everyone is quota posting without caring to even research a second what he is talking about! And this is why we have the whole section condemned as the garbage bin of the forum!

[Shinpako09]

They don't need it. In fact, the sports bookies help advertise the leagues more. They need viewers, pay-per-views, and a lot of audience for more advertisements to sponsor them. With all of that, they will create more money, and if a sports bookie also sponsors a sports league, then it's a bonus for them.

The sports bookies might be making money, but it doesn't mean it's always a win for them if they are only focusing on sports betting. It's not like they are able to control what will happen, so the losses are always present.

Now that you say it, yeah, bookies or casinos advertise sports to attract bettors. Betting actually creates more hype too. Even those not interested in sports might watch a game if they want to get into sports betting. It’s like a win-win for both the sport and the bookies. But honestly, the sport should also get a percentage, because bookies wouldn’t profit without it. Meanwhile, the sport can still make money without them.

[blomen]

absolutely not. this will only further fuel the debate over the transparency of sports competitions. i don't know what kind of profit we're talking about here, but when betting sites advertise themselves, they also indirectly advertise teams and leagues, so you could say there is such a profit.

profit doesn't necessarily have to be in the form of money. betting is a global phenomenon, and perhaps without it, people wouldn't care about or watch matches they otherwise wouldn't. they watch them out of curiosity and to follow the status of their bets. in other words, sports are being advertised for free for the sake of gambling. i think that's sufficient.

[Botnake]

!
Although you’re correct with the information you shared, that wasn’t the only context of the OP’s post

Seriously defending this!
Leagues have benefited from gambling for decades, even before this forum was born,the earliest deal for that is from the 80s!!!!

Whatever this topic has achieved one thing is clear: people have absolutely no clue how the real world works and posting stupid shit, ending probably with 20 pages of nonsense just because here everyone is quota posting without caring to even research a second what he is talking about! And this is why we have the whole section condemned as the garbage bin of the forum!

The problem is you’re only basing it on the topic title. You might not have actually read the content of the thread that OP wrote.

I’ll quote it here.

Do you think that sport leagues should be incentivized by sportsbooks and casinos since after all sport leagues are the ones who make it possible for sportsbooks and casinos to profit from its bettors.

On the bolded part, OP meant sportsbooks and casinos. Your previous reply mentioned Sportradar, which isn’t a sportsbook or a bookmaker, so you didn’t really answer the question. He was asking about a sportsbook, not a sports data and tech company like Sportradar.

Therefore, they don't profit from sports betting because the payment is for the data they supply, not on the gambling outcome.