History of sports wagering

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 arrived in the US from Europe and England in particular 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 around the globe. With all the ease of on-line sports betting, it has made the sport much more convenient and cheaper. Though in the past the sports betting section was small, today it’s permeated almost every element of society. arbitrage betting review

Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mainly by way of the upper class. But horse tracks started to appear after the Civil War and very quickly gamblers 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 increased the betting handle. Bookies would reduce the odds on other horses to increase their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached the peak with over 300 racetracks all over the US. list of sport betting companies

Professional baseball became popular from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the US and the public received a negative view of sports bettors. Although gambling was against the law a lot of 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 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 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 30 years.

Established in 1930 the corporation set lines in sports events and dispersed 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 popular was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and the states financial situation which was in dire straits during those times, changed drastically. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also changed its economic condition for the better.

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