History of sports gambling

The historical past of sports gambling in the usa dates 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 arrived in the US from Europe and England specifically had betting within their veins as their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel of the early American culture.

Today it is obvious that sports betting activities are definitely the rage all over the world. With the ease of on-line sports betting, it has made the sport all the more convenient and cheaper. Though previously the sports betting segment was small, today it has permeated virtually every element 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 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 seemed to be a lot of money for a particular horse. By 1920s horse racing had reached the peak with over 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 was “fixed” rocked the US and the public acquired an adverse view of sports bettors. Though gambling was against the law a lot of people regarded sports gambling as a harmless victimless crime. College football games and basketball also became popular with bettors as baseball and boxing. Pool cards were as popular as ever although the odds of these cards were in the bookies favor.

In the majority of US cities, sports gambling activities were transforming into a part of life and many youngsters were being exposed to the sports betting industry at a very early 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 almost three decades.

Established in 1930 the corporation set lines in sports events and distributed those to bookmakers within 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 widely used 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 was in dire straits at that time, transformed 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 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 completely changed sports gambling.