Illegal betting in sports

It is estimated that only 1-3% of sports betting activities are accounted for from the Nevada Sports books and the majority of the betting is definitely the illegal gambling in sports. The FBI believed in 1998 that this illegal sports gambling was an industry worth billions of dollars.

Illegal gambling in sports includes different types of activities. Most of these illegal bets on different competitive sports are put with sportsbooks or bookies. Internet gambling is a very popular method of gambling. Other sports activities are those that are illegal and associated with gambling such as dog fighting and cockfighting.

Illegal gambling in sports continues to be associated with organized crime for many years in the US. In the 1920s and 1930s illegal sports gambling was a business for gang mobsters and they established organized bookmaking across the nation. Emphasis was on horse racing at that time. Nevada legalized casino betting in 1931 and here too organized crime controlled a significant portion of casino gambling business. Continental Wire Service and Trans America Wire were the two illegal wire services which were operated by mobsters.

In the 1950s the government came down hard on organized crime and forced the mobsters out of the casino industry in Nevada. These were then bought out by corporations, and the mob took over the illegal bookmaking business. Most illegal books provide bookies that are illegal ways of spreading risks on wagers.

The action of transmitting wagering and gambling information and details across state lines for either taking or placing bets is recognized as illegal. News details regarding point spreads may be reported just for entertainment and informational purposes but a majority of US newspapers still release betting lines. This practice is defended by way of the Newspaper Association of America as “free speech” under the First Amendment in the Constitution, claiming that readers only want to learn or read about teams favored to be winners instead of for betting.

Other illegal gambling in sports involves animal fights that take place in the US in spite of the unsavory reputation it has. These staged fights include animals like dogs that happen to be trained and bred for this purpose and male chickens. This type of animal fighting is usually in the rural areas but city police reports on dog fighting and cockfighting have increased and also this sport is the craze among gangs in the street. This type of illegal sports betting activity is a great problem to the authorities because of the weapons and huge amounts of hard cash present at the fights.

The matter of illegal gambling in sports is really a matter of grave concern. Minnesota laws make any sort of wager or bet illegal. It is best if the gambler learns all the laws relating to sports gambling within his state or area before placing bets on a sporting event. Many states declare sports betting as illegal in the US except for Nevada, Montana and one or two other states.