History of sports gambling

The history of sports gambling in the usa extends back on 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 united states from Europe and England in particular had betting in their veins because their ancestors gambled for generations. Therefore “sports betting” was a natural part and parcel of the early American culture betting expert.

Today there’s no question that sports betting activities are definitely the craze 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 section was small, today it’s permeated virtually every facet of society.

Horse racing was popular from the 19th and early 20th Centuries and was appreciated mainly by the upper class. But horse tracks began to appear following the Civil War and soon gamblers coming 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 enhance their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached the summit with over 300 racetracks all over 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 united states and the public received an adverse view of sports bettors. Though gambling was illegal most people regarded 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 transforming into a part of life and many 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 hot dogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for almost three decades.

Established in 1930 this company set lines in sports events and distributed 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 had been most popular was The Green Sheet. He was legitimate even though his customers were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and also the states financial situation 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 altered its economic condition for the better read full article.

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 first 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.