History of sports gambling

The historical past of sports betting in the US dates back on the times when the founders took risks. In the past 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 as their ancestors gambled for generations. Therefore “sports betting” was obviously a normal part and parcel with the early American culture.

Today it is obvious that sports betting activities are the rage all over the world. With all the simplicity of on-line sports betting, it has made the sport all the more convenient and cheaper. Though previously the sports betting segment was small, today it has permeated almost every element of society.

Horse racing was popular from the 19th and early 20th Centuries and was appreciated mostly by way of the upper class. But horse tracks began to appear after 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 increase their attractiveness when there was big money for a particular horse. By 1920s horse racing had reached the peak with more than 300 racetracks throughout the US.

Professional baseball gained popularity from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the US and the public acquired a negative view of sports bettors. Though gambling was illegal a lot of 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 as popular as ever although 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 almost three decades.

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 which 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 customers were illegal bookies.

Sports gambling was finally legalized in Nevada in the year 1931 and the states finances which was in dire straits at that time, transformed drastically. 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 first legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and brought in the technology that completely changed sports gambling.