History of sports gambling

The historical past of sports gambling in the US dates back on the times when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the US from Europe and England in particular had betting in their veins as their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel of the early American culture.

Today there’s no question that sports betting activities are definitely the rage around the globe. With all the ease of online sports betting, it’s made the activity much more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated virtually every element of society.

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks began to appear following 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 increase their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached a summit with more than 300 racetracks throughout the US.

Professional baseball became popular 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 an adverse view of sports bettors. Although gambling was illegal most people considered sports gambling to be a harmless victimless crime. College football and basketball also became popular with bettors as baseball and boxing. Pool cards were as popular as ever although the odds of these cards were in the bookies favor.

In the majority of US cities, sports gambling activities were transforming into a part of life and most 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 almost 30 years.

Established in 1930 the corporation set lines in sports events and distributed 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 despite the fact that his customers were illegal bookies.

Sports gambling was finally legalized in Nevada in the year 1931 and also the states financial situation which was in dire straits at that time, changed significantly. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this also changed 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 initial legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and ushered in the technology that revolutionized sports gambling.