I would suggest those that read from top to bottom are probably more common, as book spines follow this rule here in the UK (in Enlgish). I don't know if that's the same in all languages.
However, the example with the "We are England Cricket" text is absolutely horrible, and I can't see any reason for having the text run vertically at all. I have ...
There exist relatively common graphical representations that frequently have rotated vertical text. These are called technical drawings. The standard here states that vertical text is always rotated like your first example.
Another example happens in book spines that are typically rotated in the opposite direction.
I couldnt find any scientific evidence that ...
It's exceptionally rare that I'll set any text in a rotated fashion such as these. But it does happen from time to time.
I, personally, pay attention to the flow of the eye.
I would never use any rotated text which causes the eye to move downward when reading it.
An upward movement is always percieved as more favorable.
I suppose if you want to promote a ...
You already have an answer for recent versions of Photoshop, but for versions older than CC 2018 which don't have that option, it's also possible to paste the text into a plain text editor such as Notepad or TextEdit, copy the text again, then paste into Photoshop. This will strip the formatting.
Edit menu > Paste Special > Paste without formatting
Or right click menu > Paste without formatting
You can hot-key it, as with any Adobe menu item, from Edit menu > Keyboard shortcuts…
Click for full size
If you can accept non-photorealistic appearance without glossy beveled edges you can make text as bent along a cylindrical surface with envelope distortion. If it must have at the same time extruded thickness you can get it with blending:
A text and an elliptical arc duplicated + joined (=2 x Ctrl+J)
The joined arcs are brought to front, select all, apply ...
Enable Text tool.
Select Layer [in the right-hand layers panel].
Click the colour box in the top bar.
Pick a colour.
Alternatively, select the text box itself, then any or all letters within it.
If you select individual characters, then only the colour of those selected will change.
This methodology has changed slightly in recent versions. I don't do a ...
Assumption: The background fill is created via the Appearance panel and the Convert to Rectangle effect. As described here. Note that for this effect to work well, you should start with straight horizontal, unrotated, text. Rotate it after it has been created using the effect described below.
Effect > Distort & Transform > Transform... Will rotate ...
This is not a fully automated approach, but it may help you. Anything more automated would likely require scripting.
Draw a rectangle, and click on the outline with the Area Type tool to add some text to the shape.
Use the Direct Selection tool (A), to select the box, open the Appearance Panel and change the fill.
Select the text with the Text Tool, and ...