History of sports gambling

The history of sports betting in the usa extends back on 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 US from Europe and England specifically had betting within their veins as their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel with the early American culture.

Today there’s no question that sports betting activities are the rage around the globe. With all the simplicity of online sports betting, it’s made the sport all the more convenient and cheaper. Though in the past the sports betting segment was small, today it has permeated almost every element of society.

Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mainly by way of the upper class. But horse tracks started to appear after the Civil War and soon gamblers from all sectors of society flocked to these racing establishments. Bookies had a hold over the gambling population and they were setting odds on horses that increased the betting handle. Bookies would lower 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 summit with more than 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 acquired an adverse view of sports bettors. Although gambling was against the law most people regarded sports gambling as a harmless victimless crime. College football games 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 most US cities, sports gambling activities were becoming a section of life and many youngsters were being exposed to 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 nearly 30 years.

Established in 1930 the corporation set lines in sports events and dispersed them 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 even though his clients were illegal bookies.

Sports gambling was finally legalized in Nevada in the year 1931 and also the states financial situation which had been in dire straits during those times, transformed drastically. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also changed 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 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and brought in the technology that completely changed sports gambling.