History of sports wagering

The history of sports betting in the usa dates 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 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 rage all over the world. With the simplicity of on-line sports betting, it’s 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 appreciated mostly by the upper class. But horse tracks began to appear following the Civil War and soon gamblers from all sectors of society flocked to those 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 reduce the odds on other horses to increase their attractiveness when there was a lot of money for a particular horse. By 1920s horse racing had reached a peak 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 united states and the public received a negative view of sports bettors. Although gambling was illegal most 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 transforming into a part of life and most youngsters were being exposed to the sports betting industry at 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 30 years.

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 smarter decisions. The publication that was most widely used was The Green Sheet. He was legitimate despite the fact that his customers 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 made it a hot spot for tourists and this also altered its economic condition for the better.

A resolution was passed in 1951 by 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 first legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and brought in the technology that completely changed sports gambling.