History of sports gambling

The history of sports gambling in the usa extends back to the times when the founders took risks. Back then bettors 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 as their ancestors gambled for generations. As a result “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 all over the world. With all the ease of on-line sports betting, it’s made the activity all the more convenient and cheaper. Though previously the sports betting section was small, today it has permeated almost every element of society.

Horse racing was popular in the 19th and early 20th Centuries and was appreciated mainly by 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 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 seemed to be a lot of money on a particular horse. By 1920s horse racing had reached the peak with more than 300 racetracks throughout 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 US and the public acquired an adverse view of sports bettors. Though gambling was illegal a lot of people regarded 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 the majority of US cities, sports gambling activities were transforming into a section of life and most youngsters were coming in contact with the sports betting industry in 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 better decisions. The publication that had been most popular was The Green Sheet. He was legitimate even though his customers were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and the states finances 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 also altered its economic condition for the better.

A resolution was passed in 1951 by way of the Congress that charged 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 first 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.