History of sports gambling

The historical past of sports gambling in the usa extends 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 landed in the united states from Europe and England in particular had betting in their veins because their ancestors gambled for generations. As a result “sports betting” was a normal part and parcel of the early American culture.

Today it is obvious that sports betting activities are definitely the craze all over the world. With the simplicity 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 almost every element of society.

Horse racing was popular from the 19th and early 20th Centuries and was appreciated mainly by way of 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 on 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 on a particular horse. By 1920s horse racing had reached a summit with over 300 racetracks all over the US.

Professional baseball became popular in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the US 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 games and basketball also gained popularity 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 coming in contact with the sports betting industry in a very early age. Some professionals 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 30 years.

Established in 1930 this company set lines in sports events and dispersed them to bookmakers within the nation through the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make smarter decisions. The publication that was most popular was The Green Sheet. He was legitimate even though his customers were illegal bookies.

Sports gambling was finally legalized in Nevada in the year 1931 and also the states finances which was in dire straits during those times, changed drastically. 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 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 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.