History of sports gambling

The history of sports betting in the usa extends back to the occasions 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 US 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 of the early American culture odds betting.

Today it is obvious that sports betting activities are definitely the rage around the globe. With all the simplicity of on-line sports betting, it’s made the activity all the more convenient and cheaper. Though in the past 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 appreciated mostly by way of the upper class. But horse tracks began to appear after the Civil War and very quickly gamblers 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 enhanced 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 the peak with more than 300 racetracks throughout the US.

Professional baseball became popular 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 acquired an adverse view of sports bettors. Although gambling was against the law most people regarded sports gambling as a harmless victimless crime. College football and basketball also gained popularity 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 the majority of 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 this company set lines in sports events and distributed those to bookmakers in the nation via 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 clients were illegal bookies.

Sports gambling was ultimately legalized in Nevada in 1931 and also the states financial situation which had been in dire straits during those times, transformed drastically. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this also altered its economic condition for the better read this.

A resolution was passed in 1951 by way of 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 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 revolutionized sports gambling.