History of sports wagering

The historical past of sports gambling in the usa dates back to the occasions when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England specifically had betting in their veins as their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel with the early American culture.

Today there’s no question that sports betting activities are definitely the craze all over the world. With the simplicity of online 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 facet of society.

Horse racing was popular in the 19th and early 20th Centuries and was appreciated mainly by way of the upper class. But horse tracks began to appear after the Civil War and very quickly gamblers coming 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 reduce 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 summit with over 300 racetracks throughout the US.

Professional baseball gained popularity in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the US and the public acquired an adverse view of sports bettors. Though gambling was illegal a lot of people considered 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 becoming a part of life and many youngsters were coming in contact with the sports betting industry at a very young 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 nearly three decades.

Established in 1930 the corporation set lines in sports events and distributed them to bookmakers in 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 popular was The Green Sheet. He was legitimate despite the fact that his customers were illegal bookies.

Sports gambling was ultimately legalized in Nevada in 1931 and also the states finances which was in dire straits at that time, changed 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.

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 sometimes called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and brought in the technology that completely changed sports gambling.