History of sports wagering

The history of sports gambling in the usa dates back to the occasions when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England in particular had betting within their veins because their ancestors gambled for generations. As a result “sports betting” was a natural part and parcel of the early American culture.

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

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks started to appear following the Civil War and soon gamblers from all sectors of society flocked to these racing establishments. Bookies had a hold on 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 seemed to be a lot of money for a particular horse. By 1920s horse racing had reached the summit with more than 300 racetracks throughout the US.

Professional baseball gained popularity in 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 considered sports gambling as a harmless victimless crime. College football games and basketball also became popular 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 most US cities, sports gambling activities were becoming a part of life and most youngsters were coming in contact with 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 30 years.

Established in 1930 this company set lines in sports events and dispersed those to bookmakers within the nation through the telegraph or telephone He also published sports information that 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 ultimately legalized in Nevada in the year 1931 and also the states finances which was in dire straits at that time, transformed significantly. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this altered 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 permitted 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 major part of sports gambling and brought in the technology that completely changed sports gambling.