History of sports wagering

The historical past of sports betting in the usa extends 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 in particular had betting within their veins as their ancestors gambled for generations. Therefore “sports betting” was a natural part and parcel with the early American culture.

Today it is obvious that sports betting activities are the craze all over the world. With the simplicity of on-line sports betting, it’s made the sport 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 from the 19th and early 20th Centuries and was appreciated mostly 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 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 lower the odds on other horses to increase their attractiveness when there was big money for a particular horse. By 1920s horse racing had reached a peak 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 an adverse view of sports bettors. Though gambling was illegal most people regarded sports gambling to be a harmless victimless crime. College football games and basketball also gained popularity with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.

In the majority of US cities, sports gambling activities were becoming a section of life and many youngsters were being exposed to the sports betting industry in 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 dispersed those 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 ultimately legalized in Nevada in the year 1931 and the states financial situation which had been in dire straits at that time, changed drastically. Legalized boxing and sports gambling activities caused it to be 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and ushered in the technology that revolutionized sports gambling.