History of sports gambling

The history of sports gambling in the usa dates back on the times 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 specifically 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 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’s made the sport all the more convenient and cheaper. Though previously the sports betting section 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 mostly by way of the upper class. But horse tracks began to appear following 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 in addition they were setting odds on horses that enhanced the betting handle. Bookies would reduce 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 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 had been “fixed” rocked the united states and the public received a negative view of sports bettors. Although gambling was illegal most people considered sports gambling to be a harmless victimless crime. College football and basketball also became popular with bettors as baseball and boxing. Pool cards were as popular as ever although 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 in 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 this company set lines in sports events and dispersed those to bookmakers within the nation through the telegraph or telephone He also published sports information that helped bookies produce better lines and gamblers make better decisions. The publication that had been 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 the year 1931 and also the states finances which was in dire straits at that time, changed drastically. Legalized boxing and sports gambling activities made it 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.