History of sports wagering

The historical past of sports gambling in the usa dates back to the times when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the US from Europe and England specifically had betting within their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel with the early American culture.

Today there’s no question that sports betting activities are the craze around the globe. With all the simplicity of online sports betting, it has made the sport much more convenient and cheaper. Though previously the sports betting section was small, today it’s 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 started 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 reduce the odds on other horses to increase their attractiveness when there seemed to be big money for a particular horse. By 1920s horse racing had reached the summit 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 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 considered sports gambling to be a harmless victimless crime. College football games and basketball also gained popularity with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.

In the majority of US cities, sports gambling activities were transforming into a section of life and most youngsters were being exposed to the sports betting industry at a very young 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 nearly 30 years.

Established in 1930 the corporation set lines in sports events and distributed them to bookmakers within the nation via the telegraph or telephone He also published sports information that helped bookies produce better lines and gamblers make smarter 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 finally legalized in Nevada in the year 1931 and also the states financial situation which was in dire straits at that time, changed 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 the Congress that imposed 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and ushered in the technology that completely changed sports gambling.