History of sports wagering

The history of sports gambling in the usa extends back on the times when the founders took risks. In the past bettors 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 obviously a normal part and parcel of the early American culture.

Today it is obvious that sports betting activities are the rage all over the world. With the simplicity of online sports betting, it has made the sport much more convenient and cheaper. Though previously the sports betting segment was small, today it has permeated almost every element of society. sport betting odds nfl

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by the upper class. But horse tracks started to appear following the Civil War and very quickly gamblers coming 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 increased the betting handle. Bookies would lower the odds on other horses to increase their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached a peak with over 300 racetracks throughout the US. can you make money off sports betting

Professional baseball became popular in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the US and the public received a negative view of sports bettors. Although gambling was against the law a lot of people regarded sports gambling as a harmless victimless crime. College football and basketball also became popular with bettors as baseball and boxing. Pool cards were as popular as ever even though the odds of these cards were in the bookies favor.

In most US cities, sports gambling activities were transforming into a part of life and most youngsters were being exposed to the sports betting industry at 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 this company set lines in sports events and dispersed those to bookmakers within the nation through 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 even though his clients were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and 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 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 initial legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and ushered in the technology that revolutionized sports gambling.