History of sports wagering

The historical past of sports gambling in the usa extends back to the times when the founders took risks. In the past gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England specifically had betting in their veins as their ancestors gambled for generations. As a result “sports betting” was a natural part and parcel with the early American culture.

Today there’s no question that sports betting activities are definitely the rage all over the world. With all the ease of online sports betting, it has made the sport much more convenient and cheaper. Though previously the sports betting section was small, today it’s permeated almost every element 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 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 increase their attractiveness when there seemed to be big money on a particular horse. By 1920s horse racing had reached a summit 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. Though gambling was against the law most people considered sports gambling to be a harmless victimless crime. College football and basketball also gained popularity with bettors as baseball and boxing. Pool cards were as popular as ever even though 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 many youngsters were being exposed to 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 nearly 30 years.

Established in 1930 the corporation set lines in sports events and distributed those to bookmakers in 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 was most popular was The Green Sheet. He was legitimate even though his customers were illegal bookies.

Sports gambling was finally legalized in Nevada in the year 1931 and the states finances which had been in dire straits during those times, 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.