Gambling sponsorship on football clubs' shirts should not be allowed.
The league wants clubs to vote on banning gambling sponsorship on shirts before the government takes action.
He lost almost $50,000 in one day.
The 47-year-old said that it shouldn't be involved in the sport that way.
Half of last season's 20 top-flight teams had betting sponsors on their shirts, and the premier league is in favor of a voluntary move where gambling sponsors are phased out within three years.
A gambling addiction left the 86 international caps winner bankrupt in 2011.
"With all teams you're going to have certain types of people - especially on buses, you'll have a card table with boys betting all day, boys reading and boys on their iPad," said the former player.
It is never going to eliminate gambling at every club.
All you have to do is reach for the phone when the half-time whistle goes for a football game. You couldn't do these in the past.
It's insane what you can bet on. Who will get the next corner or who will get the next yellow card?
Years ago, if you wanted to bet on a football game, you had to place your bet at the beginning. It is worse than it has been.
You can listen to the full interview on the radio.