History of sports gambling

The historical past of sports gambling in the US dates back to the times when the founders took risks. In the past 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 in their veins as their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel with the early American culture.

Today there’s no question that sports betting activities are definitely the rage around the globe. With all the simplicity of online sports betting, it has made the activity all the more convenient and cheaper. Though previously the sports betting segment was small, today it’s permeated virtually every element of society.

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mainly by the upper class. But horse tracks started to appear following the Civil War and soon gamblers coming from all sectors of society flocked to those racing establishments. Bookies had a hold on the gambling population and 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 a 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 US and the public received a negative view of sports bettors. Though gambling was against the law most 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 extremely popular even though 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 many youngsters were coming in contact with the sports betting industry in a very young 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 nearly three decades.

Established in 1930 the corporation set lines in sports events and dispersed those to bookmakers in the nation via the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make better 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 ultimately legalized in Nevada in the year 1931 and the states finances which was in dire straits at that time, 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 the Congress that imposed 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 first legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and brought in the technology that revolutionized sports gambling.