History of sports wagering

The history of sports gambling in the usa extends back to the occasions when the founders took risks. Back then bettors bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England in particular had betting in their veins because their ancestors gambled for generations. As a result “sports betting” was obviously a normal part and parcel of the early American culture.

Today there’s no question that sports betting activities are definitely the craze around the globe. With all the simplicity of online sports betting, it’s made the sport much more convenient and cheaper. Though previously the sports betting segment was small, today it has permeated virtually every element of society.

Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mainly by the upper class. But horse tracks began to appear following the Civil War and very quickly gamblers coming from all sectors of society flocked to these racing establishments. Bookies had a hold over the gambling population and they were setting odds on horses that enhanced the betting handle. Bookies would reduce the odds on other horses to enhance their attractiveness when there was a lot of money for a particular horse. By 1920s horse racing had reached a peak with over 300 racetracks throughout the US.

Professional baseball gained popularity in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the US and the public received a negative view of sports bettors. Although gambling was against the law a lot of people considered sports gambling to be a harmless victimless crime. College football and basketball also became popular with bettors as baseball and boxing. Pool cards were as popular as ever although the odds of these cards were in the bookies favor.

In most US cities, sports gambling activities were becoming a section of life and many youngsters were being exposed to the sports betting industry at a very young age. Some professionals have said, “Sports gambling was getting more popular than hot dogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for nearly 30 years.

Established in 1930 the corporation set lines in sports events and dispersed those to bookmakers within the nation via the telegraph or telephone He also printed sports information that helped bookies produce better lines and gamblers make better decisions. The publication that had been most widely used was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.

Sports gambling was ultimately legalized in Nevada in 1931 and the states finances which had been in dire straits at that time, changed significantly. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also altered its economic condition for the better.

A resolution was passed in 1951 by way of the Congress that imposed a 10% tax on every sports bet. New regulations permitted the bookies to come out of the dark and work openly. Turf clubs were the initial legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and brought in the technology that completely changed sports gambling.