History of sports gambling

The historical past of sports betting in the usa extends back on 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 specifically had betting within their veins as their ancestors gambled for generations. As a result “sports betting” was a natural 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 on-line sports betting, it has made the sport much more convenient and cheaper. Though previously the sports betting segment was small, today it’s permeated almost every facet of society.

Horse racing was popular from the 19th and early 20th Centuries and was appreciated mainly by the upper class. But horse tracks started 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 in addition 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 seemed to be big money for a particular horse. By 1920s horse racing had reached a summit with over 300 racetracks all over the US.

Professional baseball became popular from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the US and the public acquired an adverse view of sports bettors. Although gambling was against the law a lot of people regarded sports gambling to be a harmless victimless crime. College football and basketball also gained popularity with bettors as baseball and boxing. Pool cards were extremely popular even though 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 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 this company 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 smarter decisions. The publication that had been 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 1931 and also the states financial situation which had been in dire straits at that time, changed significantly. Legalized boxing and sports gambling activities made it a hot spot for tourists and this changed 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 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 sometimes called “sawdust” rooms. In 1980s Roxborough became a major element of sports gambling and ushered in the technology that revolutionized sports gambling.