History of sports wagering

The historical past of sports betting in the usa extends back on 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 as their ancestors gambled for generations. As a result “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 the ease of on-line sports betting, it has made the activity all the more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated virtually every element of society.

Horse racing was popular in the 19th and early 20th Centuries and was appreciated mostly by the upper class. But horse tracks started to appear following the Civil War and very quickly gamblers from all sectors of society flocked to these 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 big money on a particular horse. By 1920s horse racing had reached a summit with more than 300 racetracks all over the US.

Professional baseball became popular from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the US and the public acquired 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 became popular with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.

In most US cities, sports gambling activities were becoming a section of life and most youngsters were being exposed to the sports betting industry in 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 three decades.

Established in 1930 the corporation 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 better 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 the states finances which was in dire straits during those times, transformed significantly. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this also changed 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 first legal sports books in Nevada and they were occasionally called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and brought in the technology that completely changed sports gambling.