VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Bringing The Betting World On To The Pitch

Fri 30th Sep 2016 | Money & Finance

How the football sector is bringing the betting world on to the pitch

Placing a bet has long been part of enjoying the game of football for spectators.

In the UK, this may mean the long-established, government-sponsored activity of 'doing the pools' or visiting the local betting shop to place a wager on the outcome of the big match. Increasingly, however, football betting is moving online where it can attract a global customer base.

Online betting

The increase in popularity of online betting in the global market has also inevitably made competition fiercer. This in turn means that betting companies need to focus and spend more money on advertising and promotion, and those operating online also need new ways to attract visitors.

A substantial portion of the large sums betting companies can now make from football and other sports is actually now being ploughed back into the game in the form of sponsorship deals.

Global popularity 

Football is the most popular sport in the world and the English premier league is the most-watched league worldwide.

One reason for this is that the premier league includes players from all around the world, meaning that viewers in their home countries feel a personal stake in whether a particular team is doing well. 

The premier league is particularly popular in the growing Asian market. In China alone, over 300m football fans watch premier league matches on free-view TV.

Asian betting companies began sponsoring premier league clubs from 2009 on, offering impressive financial support in return for having their brand on the club's shirts.

Mutually beneficial 

For both sides it was a great deal. The clubs got much-needed money to spend on signing players and maintaining infrastructure as the premier league morphed into a multi-million pound business.

The betting companies meanwhile had their logo beamed into millions of homes around the world where viewers were watching the team's matches, as well as to the fans packing out the stadiums.

Of course, the betting industry is not the only one involved in sport sponsorship, and indeed lags behind other sectors like sportswear, financial services and telecommunications in terms of total money spent.

There are also sometimes legal and ethical hurdles to overcome in countries where gambling is disapproved of or is banned. Nevertheless, the betting sector has an intrinsic relationship to football in a way that phone companies can't quite claim.

Original content

On the other side of the fence, betting websites are increasingly making use of football-based content to attract visitors and to improve their customer experience. This includes the use of live data and statistics on matches, the latest results, plus news, analysis and opinion.

Engaging content of this type is also seen to 'legitimise' a betting site. With so many different sites in existence, the importance of finding a trustworthy bookies that also offers the best odds can't be overstated.

Although 70% of football fans worldwide watch the premier league, betting sponsorship extends to football in other countries too. The number of betting sponsors in the top five European football markets - that's the UK, France, Germany, Italy and Spain - grew from just one in 2002-03 to 36 in 2010-11.

This is surely set to increase further in coming seasons.   

Posted by: Aaron Gourley 

Tripleplay 468 banner V2 (468x60_Animated_v2.gif)
RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

In Focus: Relegation. Can It Reduce Your Business Rates?

Mon 27th Mar 2017 | Money & Finance

It is that time of year again….the happy financial prospect of promotion for a few or the nightmarish vision of relegation for other clubs. So how does league status affect a club’s...

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...