History of sports wagering

The historical past of sports gambling in the usa dates back on the occasions when the founders took risks. Back then bettors bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the united states from Europe and England in particular had betting within their veins as their ancestors gambled for generations. As a result “sports betting” was a natural part and parcel with the early American culture.

Today it is obvious that sports betting activities are the craze all over the world. 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 facet of society.

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mainly by way of the upper class. But horse tracks started to appear after the Civil War and very quickly gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold on the gambling population and in addition they were setting odds on horses that enhanced the betting handle. Bookies would lower the odds on other horses to increase their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached the peak with more than 300 racetracks all over the US.

Professional baseball gained popularity from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the united states and the public acquired a negative view of sports bettors. Though gambling was against the law most people considered sports gambling as a harmless victimless crime. College football and basketball also gained popularity with bettors as baseball and boxing. Pool cards were extremely popular even though the odds of these cards were in the bookies favor.

In the majority of US cities, sports gambling activities were becoming a section of life and many youngsters were coming in contact with the sports betting industry in a very young age. Some professionals have said, “Sports gambling was getting more popular than hotdogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for nearly three decades.

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

Sports gambling was ultimately legalized in Nevada in the year 1931 and also the states finances which was in dire straits during those times, transformed 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 charged a 10% tax on every sports bet. New regulations allowed 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 major element of sports gambling and ushered in the technology that revolutionized sports gambling.