History of sports gambling

The history of sports gambling in the US dates back on the occasions when the founders took risks. In the past gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the united states from Europe and England specifically had betting within their veins as their ancestors gambled for generations. Therefore “sports betting” was a natural part and parcel of the early American culture.

Today there’s no question that sports betting activities are definitely the craze around the globe. With all the ease 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 in the 19th and early 20th Centuries and was appreciated mainly by the upper class. But horse tracks began to appear after the Civil War and very quickly 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 increase their attractiveness when there seemed to be a lot of money for a particular horse. By 1920s horse racing had reached the summit with over 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 united states and the public received an adverse view of sports bettors. Although gambling was illegal 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 extremely popular even though the odds of these cards were in the bookies favor.

In most US cities, sports gambling activities were becoming a part of life and many youngsters were coming in contact with the sports betting industry in 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 this company set lines in sports events and dispersed them to bookmakers in 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 clients were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and also the states financial situation which had been in dire straits during those times, transformed significantly. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also changed 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and brought in the technology that completely changed sports gambling.