Does Football Betting Pay Off?

Source: Statista

Sports betting has become omnipresent in professional football. While there has been a ‘whistle-to-whistle’ ban on TV advertising from betting companies for a few years in the UK, there are still plenty of other avenues being exploited by gambling companies. The most prominent of which is that of shirt sponsorship. Behind only perhaps the renaming of a stadium, the centre of a teams’ jersey is prime advertising real estate. As of the 2021/22 season, 9 of the 20 Premier League clubs have a main shirt sponsor from the industry.

So how widespread is betting on matches among football fans? The European Football Benchmark by Statista and Sportfive provides answers to this question. Of the 2,800 football fans surveyed in the UK, 37 percent said they place bets on matches. However, this only pays off for a minority. 30 percent of the gamblers say that they win money over the course of an average season. In a European comparison, UK fans are pretty average when looking at the countries host to the ‘Big-5’ leagues. The rate of football betting is highest in Italy – despite the fact that the fewest respondents there are on the winning side (or they’re just more honest). Either way, there is clearly still truth in the old adage: The house always wins.

Does Football Betting Pay Off

Americans Torn About Sports Betting

Source: Statista

Highly addictive or simply fun? Americans are torn about the pros and cons of sports betting, as seen in results from the Statista Global Consumer Survey. In a country where betting is highly regulated, the highest share of respondents – 31 percent – said they didn’t agree with neither the positive nor the negative aspects of the issue.

The majority of respondents, however, did have an opinion: 25 percent said they thought sports betting was highly addictive, closely followed by 23 percent who said that the activity was “fun”. Similarly, 20 percent said they considered sports betting to be “thrilling”, while 17 percent said discussion about the risks of betting were lacking. 14 percent came out in favor of a ban on sports betting.

Out of the 1,000+ people surveyed, 30 percent had participated in sports betting in the past 12 months. Football was the most popular sport to place a bet on. 36 percent of those who had betted placed money on a football match. 27 percent had betted on basketball at least once in the past year, followed by soccer (23 percent), baseball (16 percent), tennis (16 percent) and e-sports (15 percent).

Americans Torn About Sports Betting