History of sports wagering

The history of sports betting in the US 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 specifically had betting in their veins because their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel of the early American culture.

Today there’s no question that sports betting activities are definitely the rage around the globe. With all the simplicity of on-line sports betting, it’s made the activity all the more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated virtually every element of society.

Horse racing was popular from the 19th and early 20th Centuries and was appreciated mostly by the upper class. But horse tracks began to appear after the Civil War and soon gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold over the gambling population and in addition they were setting odds on horses that increased the betting handle. Bookies would lower 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 the summit with more than 300 racetracks all over the US.

Professional baseball became popular in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the US and the public received a negative view of sports bettors. Though gambling was against the law a lot of people regarded sports gambling to be a harmless victimless crime. College football and basketball also gained popularity with bettors as baseball and boxing. Pool cards were as popular as ever 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 most youngsters were being exposed to the sports betting industry at a very early age. Some experts have said, “Sports gambling was getting more popular than hotdogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for almost three decades.

Established in 1930 the corporation set lines in sports events and dispersed them to bookmakers within the nation through the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make better decisions. The publication that was most popular 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 had been in dire straits at that time, changed drastically. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this changed its economic condition for the better.

A resolution was passed in 1951 by 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 first legal sports books in Nevada and they were occasionally called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and brought in the technology that completely changed sports gambling.