History of sports wagering

The historical past of sports gambling in the US dates back on the times when the founders took risks. Back then gamblers 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. As a result “sports betting” was a normal part and parcel with the early American culture.

Today it is obvious that sports betting activities are the craze all over the world. With all the simplicity of online sports betting, it’s made the sport much more convenient and cheaper. Though previously the sports betting segment was small, today it’s permeated virtually every facet of society.

Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks started to appear following the Civil War and soon gamblers coming from all sectors of society flocked to these 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 seemed to be big money on a particular horse. By 1920s horse racing had reached the summit with more than 300 racetracks all over 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 against the law a lot of 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 even though 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 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 nearly three decades.

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

Sports gambling was ultimately legalized in Nevada in 1931 and also the states financial situation which had been in dire straits during those times, transformed significantly. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this 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 initial 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 completely changed sports gambling.