The Premier League was established on the 20th February 1992 and is currently sponsored by Barclays. Comprising 20 football teams that play each other twice (home and away) over the course of a season, the busy Premier League schedule boasts 380 games in total at 38 games per club. The Premier League season, which runs between August and May, is most commonly defined in the format of 2006-07, 2007-08, 2008-09 and so on.

Manchester United is the most successful Premier League football club, having won eleven titles to date. Arsenal, Liverpool, Chelsea, Manchester City, Aston Villa and Tottenham Hotspur are also top teams in the division, although only Arsenal and Chelsea have won Premier League titles. As the top flight division of England, success in the Premier League can enable entry into the European Champions League, whilst failure results in relegation to the Championship.

Over the years, the Premier League has been subject to many different types of sports betting activities, the most common of which refer to the outcome of particular matches in respect to their being wins, draws or defeats at 90 minutes (stoppage time is not often counted for betting purposes). Other popular betting activities associated with the Premier League include odds on the first scorer in a game or who will score the most goals over the course of a season.

Odds on individual Premier League games heavily favour the top four teams (Manchester United, Chelsea, Arsenal and Liverpool), which means that plenty of money can be won in the event of a surprise result. For example, the current odds for Bolton v Chelsea (31st October 2009) are 7/1 for a home win, 4/9 for an away win and 16/5 for a draw.