History of sports gambling

The history of sports gambling in the US dates back to the occasions when the founders took risks. In the past bettors 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 in their veins as their ancestors gambled for generations. As a result “sports betting” was a normal part and parcel of the early American culture bet tips.

Today it is obvious that sports betting activities are definitely the rage all over the world. With the ease of on-line sports betting, it has made the sport all the more convenient and cheaper. Though in the past 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 enjoyed mostly by the upper class. But horse tracks began to appear after the Civil War and soon gamblers coming from all sectors of society flocked to those 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 enhance their attractiveness when there was big money for a particular horse. By 1920s horse racing had reached the peak with over 300 racetracks throughout the US.

Professional baseball gained popularity from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the united states and the public received a negative view of sports bettors. Although gambling was illegal a lot of people considered sports gambling as a harmless victimless crime. College football and basketball also became popular with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.

In most US cities, sports gambling activities were transforming into a section of life and many youngsters were coming in contact with the sports betting industry at a very young age. Some experts have said, “Sports gambling was getting more popular than hot dogs!” 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 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 widely used was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.

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

A resolution was passed in 1951 by way of 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 sometimes called “sawdust” rooms. In 1980s Roxborough became a major element of sports gambling and brought in the technology that revolutionized sports gambling.