History of sports gambling

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

Today it is obvious that sports betting activities are the rage around the globe. With all the simplicity of online sports betting, it has made the activity much more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated almost every facet of society.

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks began to appear following 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 increased the betting handle. Bookies would lower 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 the summit with more than 300 racetracks throughout the US.

Professional baseball gained popularity in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the united states and the public acquired a negative view of sports bettors. Though gambling was illegal most people considered 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 although the odds of these cards were in the bookies favor.

In most 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 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 the corporation set lines in sports events and distributed them to bookmakers within the nation via the telegraph or telephone He also printed sports information that 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 finally legalized in Nevada in the year 1931 and also the states financial situation which was in dire straits at that time, 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 go here.

A resolution was passed in 1951 by the Congress that charged a 10% tax on every sports bet. New regulations allowed the bookies to come out of the dark and work openly. Turf clubs were the first legal sports books in Nevada and they were occasionally called “sawdust” rooms. In 1980s Roxborough became a major element of sports gambling and ushered in the technology that completely changed sports gambling.