History of sports wagering

The history of sports gambling in the usa extends back to the occasions when the founders took risks. In the past gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the united states from Europe and England specifically had betting within their veins because their ancestors gambled for generations. Therefore “sports betting” was a normal part and parcel of the early American culture.

Today there’s no question that sports betting activities are the craze around the globe. With 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.

Horse racing was popular in the 19th and early 20th Centuries and was appreciated mostly by way of the upper class. But horse tracks started to appear following the Civil War and very quickly gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold on the gambling population and in addition they were setting odds on horses that enhanced the betting handle. Bookies would lower the odds on other horses to enhance their attractiveness when there was a lot of money for a particular horse. By 1920s horse racing had reached a peak with more than 300 racetracks all over the US.

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

In most US cities, sports gambling activities were becoming 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 this company set lines in sports events and distributed them to bookmakers in the nation through the telegraph or telephone He also printed sports information that 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 customers were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and also the states financial situation which had been in dire straits during those times, transformed drastically. 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 charged 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 completely changed sports gambling.