The historical past of sports betting in the US extends back to the occasions 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 specifically had betting within their veins as their ancestors gambled for generations. As a result “sports betting” was a normal part and parcel of the early American culture.
Today there’s no question that sports betting activities are the rage around the globe. With the simplicity of online sports betting, it has made the activity all the more convenient and cheaper. Though in the past the sports betting section was small, today it’s permeated almost every element 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 soon gamblers coming from all sectors of society flocked to these racing establishments. Bookies had a hold over the gambling population and they were setting odds on horses that enhanced the betting handle. Bookies would reduce the odds on other horses to enhance their attractiveness when there seemed to be big money on 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 was “fixed” rocked the united states and the public acquired a negative view of sports bettors. Though gambling was illegal most 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 even though the odds of these cards were in the bookies favor.
In most US cities, sports gambling activities were becoming a section of life and most 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 hotdogs!” 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 smarter decisions. The publication that was most widely used was The Green Sheet. He was legitimate even though his customers were illegal bookies.
Sports gambling was ultimately legalized in Nevada in 1931 and also the states finances which was in dire straits during those times, changed significantly. Legalized boxing and sports gambling activities made it a hot spot for tourists and this altered 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 allowed 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 brought in the technology that revolutionized sports gambling.