Should sport leagues profit from sports betting?

[Wapfika]

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.

As I understand his statement, he meant that odds provider the one that making odds and giving data to sportsbook which offer to consumers for betting is already paying money to the league.

Sportsbook is paying the odds provider to get those data therefore the league is already benefiting from the sportbook.

Sportsbook is not directly incentivizing the league but they do share profit to them through odds provider.

[swogerino]

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?

They are somewhat doing it not directly though. You see a lot of top teams are having as their sponsor some of the biggest casinos, both FIAT and cryptocurrencies so that is the way to support the sport leagues I believe by supporting any of their teams. There are even second category teams that are directly sponsored by such casinos so this is not only an isolated case that happens only in top tier leagues and teams. I don't think that casinos can directly pay a dividend to the leagues as this would go against the law in most cases, most people would already start to believe that the casino operators may have a go at deciding how a game will end, a lot of people are already accusing them now that are only doing sponsorship, imagine what these people would say when they are firm constant contributors to such leagues.

[Botnake]

As I understand his statement, he meant that odds provider the one that making odds and giving data to sportsbook which offer to consumers for betting is already paying money to the league.

heres how it goes,..

Oddsmakers (like Sportradar) get their data from sports leagues, and those leagues get paid for it. The oddsmaker then supplies the data to the sportsbooks and gets paid by them.

So the sportsbook doesn’t pay the sports league directly, only the oddsmaker. They each have their own transactions. We can’t really conclude that sports leagues profit from sports betting itself, only from the data they supply, since they’re guaranteed a fee regardless of the sportsbook’s results.

There are both profitable and non-profitable sportsbooks, but oddsmakers are guaranteed payment for the information they provide, just like the sports leagues.

Sportsbook is not directly incentivizing the league but they do share profit to them through odds provider.

I’m not sure about that, because if there’s a profit-sharing setup, it could create bias and hurt the league’s reputation. We don’t want it to be seen that way, which is why whatever agreements they have are usually kept private. The typical sports bettor has no idea about it, we only know the sportsbooks where we place our bets.

What I’m trying to explain above is that it shouldn’t be mixed up or directly stated that sports leagues are benefiting from sportsbooks, because it doesn’t look good. If gamblers see that, they’ll start questioning the credibility of the games, and that’s when speculation about fixed matches starts.

[taufik123]

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!

They should have known about it, it was more like a sponsorship for some football club or other sport and the sports league or sports club itself got a bigger profit.
Many banners are displayed on the sidelines and players' T-shirts with logos of casino sponsors and the like.

I don't know, but some threads like this that keep repeating what has actually been answered must be locked because the goal has been achieved.
And it is also clear how the profit-sharing system is provided by sports betting casinos for all leagues and clubs that play.

[stompix]

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 might not have read? LOL!
I read everything, even your reply that was like 100% wrong, and maybe that's the reason you got so triggered like everyone does when caught red-handed spilling non-sense all over.

Maybe you and OP should have read the whole topic and interveened when the whole topic was flooded with stupid incorrect garbage, say it's better to lock it and rephrase it and open a new one with like legit info and not one topic a day quota, how was that for a solution since it seems you're OP's lawyer? Would you advise him of so?

Funny how you haven't corrected anyone saying stupid shit like this thing being banned by the NBA, lol, but you got triggered by my words calling this topic usless, is there something else I should look into that you defend this topic so much?

heres how it goes,..

Oddsmakers (like Sportradar) get their data from sports leagues, and those leagues get paid for it. The oddsmaker then supplies the data to the sportsbooks and gets paid by them.

Oh, thank you so much for using my post and information in it to show your knowledge about this!
You're a sweetie, now please correct that misinformation about the oddsmaker and the sportsbook!

As I understand his statement, he meant that odds provider the one that making odds and giving data to sportsbook which offer to consumers for betting is already paying money to the league.

Drop the odds provider from the equation and you're like 99.99% right; the oddsmaker part it's irrelevant!
The leagues sell data to data providers, not oddmakers. Genius Sports, Statscore are data providers!
Genius Sports, which owns the PL rights, is a data provider and not an odd provider; they sell that to Skybet and Bet365, who both have their own sportbook, and they create their own odds.

[Platinumys]

I think we should not think so much and focus only on how we can win by betting on sports. If we discuss casinos or gambling companies, it will not be of any use to us, but if we work on what to do so that the results will be in our favor or how to separate a strong team from two teams and bet on that team, it will be good for us. Sports betting is not usually based on luck, but here you have to have a complete idea about sports, as well as a gambler has to have a good idea about different teams. There are different leagues in Europe, but a gambler does not know all the leagues well, a gambler can have an idea about one or two or more leagues and his gambling should be limited to these few leagues. For example, I have a rough idea about the English Premier League, La Liga, France League, German League and Italian League teams and I try to bet on these teams most of the time.

[Botnake]

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 might not have read? LOL!
I read everything, even your reply that was like 100% wrong, and maybe that's the reason you got so triggered like everyone does when caught red-handed spilling non-sense all over.

Maybe you and OP should have read the whole topic and interveened when the whole topic was flooded with stupid incorrect garbage, say it's better to lock it and rephrase it and open a new one with like legit info and not one topic a day quota, how was that for a solution since it seems you're OP's lawyer? Would you advise him of so?

Funny how you haven't corrected anyone saying stupid shit like this thing being banned by the NBA, lol, but you got triggered by my words calling this topic usless, is there something else I should look into that you defend this topic so much?

What you said is just your take, and that’s fine with me bro. I actually like seeing different opinions because it keeps the thread alive and makes the discussion more engaging.

When I reply, it’s never personal .. I just try to stick to the topic and share what I know or understand. I don’t judge anyone for their view, but I found your post interesting so I reacted. Shows you’re actually putting thought into it, and that’s the kind of interaction that makes a thread worth reading.

We can’t really force people to stop spamming since some might not even realize they’re doing it. But with topics like this, I hope they see that this is the way it should be, not everyone will agree, and that’s okay.

Better to have a real back-and-forth where both sides bring valid points instead of everyone just nodding along.

You're a sweetie, now please correct that misinformation about the oddsmaker and the sportsbook!

i stand corrected.

But i will still stick with my argument that sport leagues does not benefit from sports betting directly.

[Odogwu-Blockchain]

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?

These two are benefiting from one another, sportbook sponsor the league while generating lots of money back to the league making the recycle back to back. Obviously, the sport betting company is gaining more money than the club in a particular league.

Almost every sport league needs sportbook to fully function because the customers are bettors supporting her club with the sportbook sponsorship, the whole process is a Ying Yang situation, everyone benefits.

[tread93]

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?

Why give the leagues more control and power? Then again it could very well be an area of the leagues investments already and we just dont know it? I mean think about it, dont you think league owners and employees would bet on their own league to win? I mean i suppose it would be good for the leagues to get a small percentage but would it affect the games and schedules? Probably

[qwertyup23]

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?

I believe that sports leagues should not profit from sports-betting directly.

If the league has an incentive in every sports-betting, then this would push them to not impartial to their own games. Additionally, this will create an unnecessary bias in favor of a specific team which would slowly destroy the integrity of all the sports involved.

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?

Like what I mentioned above, sports leagues should always remain impartial with regard to gambling in general. Their business model is different from the model of gambling.

[viljy]

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?

The very raising of such a question immediately causes a conflict of interest. The leagues receive a share of the profits from ticket sales, from broadcast sales, and a lot of money from advertising. So why else create a huge problem out of the blue by linking bookmakers directly with them? Then EVERY match result will be considered rigged a priori. Even without this, scandals periodically arise when the public finds out the facts of contractual results (for different types of bets). So I don't see any advantages in this at all, but only one big disadvantage. The official financial link between the leagues and the bookmakers will only bring problems.

[shinratensei_]

Leagues made it enough from selling sports data and sponsorship contract. So no need to give them more money. They get it enough for their own, and sportsbook should not be milked by them.

[stompix]

You're a sweetie, now please correct that misinformation about the oddsmaker and the sportsbook!

i stand corrected.
But i will still stick with my argument that sport leagues does not benefit from sports betting directly.

No problem, you can stick to a wrong opinion how much you like. Meanwhile, can you explain why:
- is the Romanian 1 Liga called Romania Superliga, hint: SuperBet
- the Czech First League is called Chance Liga, hint: Chance casino
- the Latvian Higher League is called TonyBet Virslīga...hint needed?
- the Scottish Premiership is called  William Hill Premiership

Should I go on?

I don't know, but some threads like this that keep repeating what has actually been answered must be locked because the goal has been achieved.

God forbid that, where would the spam go?

[Woodie]

For smaller leagues to have these sportsbooks and casino's as sponsors its actually a big win deal as prize money gets to be healthy, and competition gets to be more competitive as clubs and players get to be more motivated with winning this...and of course the bookies get to enjoy more brand exposure which also draws more customers to their platforms..its a win-win situation no matter how we look at it.

Am just hoping people are not thinking that sponsored leagues has fixed matches because of the bookies,  no doesn't work like that.

[Davidvictorson]

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.

I do not know how correct this is but I learned that the revenue that the leagues earn from selling data rights and betting sponsorships endup being shared among the other clubs in the leagues and it is based on a sharing formula. From my understanding, there is even like a reverse in the way that sports league even benefits from sportsbooks after selling data rights and betting sponsorships.