History of sports gambling

The history of sports betting in the usa dates back on the times when the founders took risks. Back then bettors bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the united states from Europe and England specifically had betting within their veins as their ancestors gambled for generations. Therefore “sports betting” was a normal part and parcel with the early American culture betting.

Today there’s no question that sports betting activities are the craze around the globe. With the ease of online sports betting, it’s made the activity much more convenient and cheaper. Though previously the sports betting section was small, today it has permeated virtually every facet of society.

Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mainly by the upper class. But horse tracks began to appear following the Civil War and soon 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 reduce the odds on other horses to increase their attractiveness when there was a lot of money on a particular horse. By 1920s horse racing had reached the peak 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 had been “fixed” rocked the US and the public received an adverse view of sports bettors. Although gambling was against the law most people regarded 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 many youngsters were being exposed to the sports betting industry at a very early age. Some professionals 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 almost 30 years.

Established in 1930 the corporation set lines in sports events and dispersed them to bookmakers in 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 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 the year 1931 and also 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 get the facts.

A resolution was passed in 1951 by way of 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 initial legal sports books in Nevada and they were occasionally called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and ushered in the technology that revolutionized sports gambling.